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Signs Economic Commentary 2/13
Renaissance:
--- Quote ---"Ben Bernancke takes over as U.S. Federal Reserve Chairman this week."
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Greenspan became chairman in 1987. Two months after the stock market crashed on October 19th, Black Monday. I don't know much about this crash, but found this at wikipedia:
--- Quote ---A certain degree of mystery is associated with the 1987 crash. Many have noted that no major news or events occurred prior to the Monday of the crash, the decline seeming to have come from nowhere. Important assumptions concerning human rationality, the efficient market hypothesis, and economic equilibrium were brought into question by the event. Debate as to the cause of the crash still continues many years after the event, no firm conclusions having been reached.
(...)
Potential causes for the decline include program trading, overvaluation, illiquidity, and market psychology. These theories might explain why the crash occurred on October 19 and not some other day, why it fell so far and fast, and why it was international in nature and not unique to American markets.
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Now certainly there is no absence of signs indicating an imminate crash. I wonder if the transition to Bernancke will provide for an exuse for the powers that be. "well, this type of crashed occured shortly after Greenspan became chairman and the market was up and booming shortly after...no, really! ...pay no attention to that man behind the curtain..."
gyrogearcrunch:
I feel that this crash of 1987 proves that the powers-that-be are in complete control of the stock (and other) markets. As they said in a recent movie, "follow the money".
Jakob Meier lives!
Bear:
From my trying to understand what money is and how economic and financial markets work I think what the C's said about the economy being an illusion is appropriate. Donald Hunt does a good job in the Signs Economic Commentary of showing recent news that point to economic problems. In a conversation with my Grandmother recently she said that people have been saying that an Economic Collapse is going to happen or can happen for 50 years as some kind of argument or self-protection that it won't happen. These people may not have been wrong. They saw the illusion. The question seems to be when and how it will be done. And when it will be done is when it is most advantageous for the PTB to do so. When is that? Another Grandmother and Grandfather when I talked to them about the subject though that a depression was coming. They lived through the Great Depression in the coal mining towns of Pennsylvannia and seemed frustrated that some family members or friends were not seeing their insight and lessons of life as valuable. Anyway peoples complacency and lack of understanding of possibilities seems to be a huge block that they will have to face when/if the plug is pulled. Everything that a person, who hasn't really thought about it, values and their worldview would mostly likely be thrown into near instant turmoil. Maybe the trap (mind programing or specific web of excuses) hasn't been fully formed to catch as many people as possible. Or a change such as economic collapse could be construed as a danger to the PTB. People questioning their values/worldview could lead them to question everything and rebel. Maybe the slow changing and grinding economic decline was decided to be a better placating, controlling method with the crash as back up if the PTB need it.
--- Quote from: EsoQuest: Why is 9/11 still a mystery to most Americans? ---My room mate turned to me and said: "Look, you have to know something, and I think I speak for most people in this country. Americans don't really care who the f*** is President. All they want is for things to stay as they are. The less change, the better. We like things the way they are, and we hate anything that threatens to make things different."
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--- Quote from: C's Transcripts November 25, 1995 ---A: This is a long and complicated subject, but we will do our best to explain it. What you were seeing was one possible future. The economy of our 3rd density world is entirely manufactured. The forces that control it are both 3rd density and 4th density. There are conflicting opinions in the 3rd density sector right now as to when, where, and how to institute an economic depression. This has been "in the works" for quite some "time" as you measure it. So far, the forces arguing against institution of a collapse have prevailed. How long this condition will be maintained is open to many outcomes. Also, please be aware that the state of the economy is entirely an illusion. In other words, the world economy performs solely based upon what the population is told to believe.
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Justin:
Lately is looks like the economic markets behave completely irrationally every day. I do believe that the PTB are ultimately the ones pulling the strings. I always laugh when gold is up and there is some analyst trying to explain it in rational economic terms. They rarely explain the upward price of gold as being due to fear of catastrophic world events, or global economic collapse :)
Bear:
None of the reactions (Bonds/PMs/Equities, etc) seem to make sense. If a person reads individuals that are considered Contrarian Investors/Advisors, they start to get a feel for how out of whack things seem to be. http://www.financialsense.com/ and http://www.safehaven.com/index.cfm are two places that seemed to get the ball rolling for me in understanding. I don't read them much now. I used to read www.lemetropolecafe.com everyday. So yep what you said seems right. There was a report from a major French Bank that basically is telling people to hoard gold. http://www.stormfront.org/forum/showthread.php?t=267520
--- Quote from: Justin ---They rarely explain the upward price of gold as being due to fear of catastrophic world events, or global economic collapse
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