Yes dear friends, the various markets have had a rather spectacular run up from their March lows.
They continue to bounce optimistically higher, then slide back as the real insiders sell into the exciting rallies. A sucker rally that is a relatively new phenomenon, in its scope.
In the past, small manipulations always existed. A case in point would be the short selling of certain related stocks in the weeks and months prior to 9/11, by terrorists with “inside information” about the impending attacks.
Many people may not remember, but the Feds tried to trace the shortselling to “follow the money”, in an attempt to catch the “bad guys”.
Of course individual stocks, and even industries have been manipulatued. It is the nature of the beast, and there have been many books and movies portraying these manipulations.
However, this is different. The scale is enormous, and the money being made and lost is now Billions or trillions, instead of millions. The power that accompanies these manipulations is potentially pandemic in scope.
As a 40 year student of economics, and a former Wall Street Trader. I have watched with amazement, as the end of 08, and the first quarter of 09 was filled with dire predictions of doom and gloom,. The most serious economic World crisis in 60 years was being decried as the end of the World. The stock markets Worldwide were crashing, and we were stampeded into blindly supporting $ trillion dollar spending bills, to stave off anarchy, looting, and the end of civilization.
When the money was allocated and spent on blind unknown stimulus agendas, the verbiage was stopped. The money was gone, did not create a single new job, or correct any of the real underlying problems in the economy, yet miraculously, the verbiage began to change.
I have never heard such nonsense, being spouted . Innuendo, half truths, and manipulation of statistics, are all quoted as economic facts.
Today we hear that unemployment growth is slowing down. Only 500,000 +, new jobs lost in April, when someone(who is this someone and why is their guess taken as gospel these days) had expected 600,000 + We still have almost a 9% unemployment rate, and the most people unemployed possibly ever.
Every morning I hear the news, with one or another official saying the recession will be over by end of 09, by mid 2010, ,by next Thanksgiving..etc,
I see a concerted effort to prop up the markets and the American People by the same group that tried to pull them down so all those trillions could be pulled out.
The truth is, the economy is broken, and the World is not healthy.
Yes , those who have lied and conned us, and their minions of blind mindless pundits and parrots are well off, but the People are not better off.
When the next wave of disastrous reality crashes down on us, the insiders will be warm and secure,in their $ billion nests,, while the rest of us will be broke scared and hungry,willing to blindly follow the new World Order that will change this Country and society for the next hundred years.