Dow 8000: Markets Plummet Again

Oh, this is nothing ... the Markets are going to head south Big Time. We haven't experienced the crash yet. We have been bumping along the rapids on the way to the falls, but we aren't to the falls yet.



This is what people have to remember ... this is key. We are where we are because the Banks were allowed to consolidate their commercial and investment wings thanks to the Gramm-Leach-Bliley Act in 1999. Then on top of that all banking was deregulated, the SEC was de-fanged, Hedge Funds were deregulated and Wall Street was allowed to do pretty much anything they wanted, as irresponsibly as was possible in a highly competitive way,



So what was done was massive fraud and manipulation of float and leveraging to the tune of trillions upon trillions upon trillions upon trillions upon trillions. Now the cute thing about this fraudulently generated wealth is it is intermingled with REAL wealth. So, as this massive fraudulent wealth bubble collapses it evaporates the real capital with the fake. Oh, and just for giggles, lets remember since every bank in America became an investment Bank, every depositor became an investor ... so when you look at the corporation's predicament today ... it is due to the bulk of their wealth being tied up in the collapsing bubble too ... The Corporations have invested all of their savings and are watching it go up in smoke.



Some say Dow 5000? I say DOW 1900 ... it's over.
About Financial Crisis
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