So the DOW dropped another 634 points today. Why? Well last Friday evening Standard & Poor’s cut America’s credit rating down from AAA to AA+ and that means there is now a documented, slight risk with lending money to the nation… er our incompetent government actually. So the plan for US turmoil and loss of world status is unraveling perfectly – baby steps downward. The world can only react one way – negatively.
So the DOW is at 10,809 as of close. Support was at 11,000. Looking at the chart we could potentially slip all the way down to 10,000. I could be wrong but that appears to be the next line of solid support. We’ll see.
So how’s your pension doing middle class America? Funny how these drops really hurt the middle class the most. We don’t have much else. As for the fleeing of the market do you really think this is the fear of the middle class leaving in droves? No. Most of them don’t trade. They tend to hang on as long term investors. This is the work of the power houses who keep the markets propped up by their control of huge percentages of the markets. The investment firms and the banks are the ones ripping the market to shreds. What precise manipulation! Us working class are just in it for the ride.
I happened to stumble upon a video called, Fall of the Republic. It basically talks about the financial crisis, what led up to it, and who some of the players are. It also shows snippets of these politicians (both parties) and corporate elites being held under the fire within political hearings. There is a part where Fed Chairman, Ben Bernanke, says he won’t tell us (the US government) who they sent $500 billion to. The Federal Reserve is not a government agency. It is a power structure designed to control money. It is above our government. Here’s the video.
As I’ve stated, we do have social issues. That is clear. And those are fueled by the media and the lack of enforcement by the authorities who “help” run this nation (open borders, proliferation of drugs, weak school systems, etc.). The blame falls squarely on our two party system of corrupt politicians. This is not a color issue, a culture issue, or a food stamp issue. In the end they did it to us.
You and I exist in a manufactured reality that is out of control. The people must turn off the divisive television programs, turn off the negative based music, take charge of their kid’s lives, and protect their family and home from this elitist takeover. If we don’t then the nation will fade into a fascist land of security cameras and pat-downs. The tenants of freedom, liberty, and the pursuit of happiness will be usurped and given a new definition.
The plunge continues.