US STOCKS-Indexes fall 2 pct on housing, oil concerns

[Osborn F Enready]

Investing News, Personal Finance, Stock Market, Mutual Funds, Investments & More | Reuters.com

NEW YORK, July 26 (Reuters) - All three major Wall Street stock indexes dropped at least 2 percent in early afternoon trading on Thursday as stocks sold off amid rising oil prices and signs of more deterioration in the U.S. housing market.

Wow, the economy is in such great shape I can hardly contain myself. :rolleyes:

[jose]

The US economy is growing at a "moderate" pace despite the housing slump, according to the Federal Reserve's Beige Book.

BBC NEWS | Business | US growth outweighs housing slump
Ben Bernanke

[Osborn F Enready]

I figured I would also add in this reminder......

The following system was installed in 1913 with the ratification of the income tax amendment (the sixteenth amendment) and the passage of the Federal Reserve Act. Both of these were spearheaded by Senator Nelson Aldrich, the maternal grandfather of David Rockefeller, under the guidance of the House of Rothschild. The Federal Reserve Act was drafted by Paul Warburg, a Rothschild intimate. In a Thanksgiving 1910 secret meeting on Jekyll Island, Georgia, the establishment's leaders met and agreed to the plan. The system was not fully enabled until the passage of the Banking Act of 1933, the precipitous passage of which was overseen by FDR's treasury secretary William Woodin and an armada of private bankers (more on this shortly). Full fiat central banking was realized in 1971 when President Nixon removed all semblance of a gold standard for Federal Reserve funds.

From AMPP:
The Architecture of Modern Political Power
(click on "The Banking Scham" on the leftscreen menu.)

“The Federal Reserve Banks are one of the most corrupt institutions the world has ever seen. There is not a man within the sound of my voice who does not know that this Nation is run by the International Bankers.”
-Congressman Louis T. McFadden

“...From now on depressions will be scientifically created.”
-Congressman Charles A. Lindbergh, Sr., 1913, on the Federal Reserve Act

“We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money we are prosperous; if not we starve. We are absolutely without a permanent money system.... It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon.”
-Robert H. Hamphill, Atlanta Federal Reserve Bank

“By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens...”
-John Maynard Keynes

“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.”
-Alan Greenspan, 1967, from "Gold and Economic Freedom"

And of course, Bernanke.....

“Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You're right, we did it. We're very sorry. But thanks to you, we won't do it again.”
-Ben S. Bernanke, 2002-Nov-8, at a celebration of Milton Friedman's ninetieth birthday

Keynes is the father of the activist monetary policy that is in practice today in the industrialized world. Greenspan, of course, is the longtime chairman of the Federal Reserve and of the FOMC. Bernanke replaced Greenspan in March 2006.

[jose]

Because they put the Emergency brake on

US STOCKS-NYSE imposes trading curbs as stocks tumble

NEW YORK, July 26 (Reuters) - The New York Stock Exchange said on Tuesday it instituted downside trading curbs at 11:06 a.m. (1506 GMT) as U.S. stocks fell sharply on concerns about deterioration in the credit markets. The New York Stock Exchange Composite Index (.NYA: Quote, Profile, Research), which is used to determine when to begin trading curbs, was down 205.45 points, or 2.07 percent, at 9,724.47. The trading curbs require that all program selling of S&P 500 stocks must be on an up-tick.

US STOCKS-NYSE imposes trading curbs as stocks tumble | News | Reuters

[rmnunez]

Flight from the equities market spurred sales of government bonds replenishing federal coffers, the Dow will top its record within 10 days.

[Zeebadee]

Quote by: rmnunez Flight from the equities market spurred sales of government bonds replenishing federal coffers, the Dow will top its record within 10 days.

Great! Now our "leaders" and "public servants" will be able to spend even more borrowed money.

[rmnunez]

It seems to me we get these "sky is falling" cries every so often. Oil and real estate speculation by greedy Jewish bankers is often blamed. The speculators invariably are the same plutocratic elites Chomsky goes on about and are refered to in Osborn's link:

In a Thanksgiving 1910 secret meeting on Jekyll Island, Georgia, the establishment's leaders met and agreed to the plan. The system was not fully enabled until the passage of the Banking Act of 1933, the precipitous passage of which was overseen by FDR's treasury secretary William Woodin and an armada of private bankers (more on this shortly).

Any harms resulting from this speculation is anticipated (by folks like the odd "innovist" who created the site) will be borne by the overburdened unwashed masses who don't have the wherewithall to speculate much at all.

[Milton Bradley]

Quote by: rmnunez Any harms resulting from this speculation is anticipated (by folks like the odd "innovist" who created the site) will be borne by the overburdened unwashed masses who don't have the wherewithall to speculate much at all.

Exactly.


I guess you ( The fascist Righties ) think it's OK to exploit people as long as they don't know it occurring.


See, we're fighting for the uninformed because we know why they remain uninformed.


So, indeed the sky is falling if you are not in on the exploitation of the ignorant.