Wall Street And Global Markets Tumble on Debt Fears!
- Are the Illuminists pulling the plug? This looks like phase 1 of their engineered global economic, financial and monetary collapse. I gather from all the talking heads at CNBS that everybody is running to cash and US treasuries because of risk aversion. This sounds like psyop and mass herding of the sheeple to be slaughtered of course! When everyone is in cash (ie USD) and US treasuries, it will be a great time to crash the USD and treasuries market.
– - The Illuminist bullion banksters were working overtime depressing gold price, holding it below US$1680/oz. $1680/oz is the upper channel trend line above which gold will go parabolic! The bullion banksters went out of their way to make gold look ‘unsafe’. They want to drive the sheeple into the ‘safety’ of USD and US treasuries, before crashing them! Do not be deceived ! Gold (and silver) will rocket much higher when they pull the plug on the Euro and USD! All scams are based on deception and mis-direction!
– - The Illuminists want people and countries all over the world to hold as much USD and US treasuries as possible before initiation of their collapse! This is to inflict maximum pain and disaster. They are positioning the world for a global currency crisis. Major currencies: Euro, UKP, JPY and USD will all go down the toilet bowl. Trust me: they will not allow other fiat currencies to survive. When their babies: Euro, UKP, JPY and USD collapse and their current fiat currency hegemony collapse, do you think they will allow another currency (like the Chinese RMB) to threaten their coming One World Currency? Obviously not!
– - How do you get countries all over the world to accept this One World Currency, if their own local currencies (say RMB, SGD, SFR, AUD, NZD, CAD) are standing and prospering? The Illuminist plan calls for the destruction of all fiat currencies via hyper-inflation! Any country which resist the coming new Luciferian Monetary Hegemony and Financial System will be demonized and attacked via war! This coming One World Currency will be backed by gold to give it legitimacy. Quite obviously, most of the gold in the world are in Illuminist hands!
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Wall Street and global markets tumble on debt fears
by http://www.bbc.co.uk/news/
Wall Street had its worst day for almost three years as shares tumbled on fears about the eurozone debt crisis and the US economic recovery. The Dow Jones index closed down more than 500 points, or 4.3%, and came after the leading European bourses fell more than 3%.
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It was the biggest one-day fall for the Dow since December 2008. Earlier, European Commission President Jose Manuel Barroso warned that the sovereign debt crisis was spreading. Also in New York, the S&P 500 index fell 4.8% and the tech-rich Nasdaq was more than 5% lower.
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Meanwhile, Frankfurt’s Dax and London’s FTSE 100 indexes had their worst day this year, closing almost 3.5% lower as investors fretted that Italy and Spain might become engulfed in the debt crisis. “People are throwing in the towel because they can’t find relief on any front,” said Milton Ezrati, market strategist at Lord Abbett. Investors sought the relative safety of gold, sending the price of the metal to a new record high of $1,677 an ounce.
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Bank shares hit
More weak jobs data from the US also raised concerns about the strength of
the economic recovery there. Wall Street’s financial power houses were hit hard, with JP Morgan and Bank of America falling 5% and 7.4% respectively.
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In Europe, Lloyds Banking Group fell 9.9% and Royal Bank of Scotland was down 7%. France’s Societe Generale lost 6.9% and Germany’s Commerzbank dropped 6.8% in Frankfurt.
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The oil price also slumped on fears that a weaker global recovery would hit demand. Benchmark West Texas crude for September delivery fell $5.30, or 5.8%, to $86.63 a barrel. Brent crude fell 5.3% to $107.25.
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Since 21 July, the Dow has lost more than 1,300 points, or 10.5% of its value, and Thursday’s fall was the index’s ninth-steepest decline ever.’
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Exceptional circumstances’
In a letter to European governments, Mr Barroso warned that the eurozone debt crisis was spreading beyond the so-called periphery nations of Greece, Portugal and the Republic of Ireland. He said markets “remain to be convinced that we are taking appropriate steps to resolve the crisis”.
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