Started on this post last week. But, couldn't get it done. Such is life. In a nutshell, it's been pretty obvious to me that this "pandemic" was merely the excuse to bail out banksters and big business yet again. The only difference this time 'round is the state is going to throw a bone or two to the mindless massesThis is where the "novel" virus really helped muddy the waters Yes, there is more still. Targeting China is definitely part of this psyop. But, for this report, let's focus on the big business/banker, desired all along, bailout.Not when there is a scary virus. Pretty much anyone who's been paying attention knew the market was out of whack. The economy was teetering. All of it skewed by the bailouts in '08. The payouts in 2001. And probably further back still. Just recalling the past 20 years of previous bailouts should help with the basic understanding. We'll have a brief refresher on the previous bailouts a bit later in this report,Go back to March 15. Two weeks ago.
GwenMarch 15, 2020 at 7:56 PMHey Penny! I just read this post to my husband, and he explained what his speculation is regarding these moves. Since you asked what it's about, I asked him to summarize it for me, and I'm putting it here:There is no desperation. This is the safest, face-saving way to do this. They needed a "deflated" market (the markets have been way over inflated), so why not use this "crisis"? Between the QE and the circuit breakers on the Exchange, they can get it down to where they feel comfortable and then pull all this away. Et voila! End of crisis!
Gwen and Hubby- thanks :)"There is no desperation. This is the safest, face-saving way to do this. They needed a "deflated" market (the markets have been way over inflated), so why not use this "crisis"? Between the QE and the circuit breakers on the Exchange, they can get it down to where they feel comfortable and then pull all this away. Et voila! End of crisis!"
So this kind of "face saving" makes sense to meAnd they created the pandemic panic to cover up for their manipulations- I'm good with that explanation and thank you both again!
That said the initial offering wasn't good enough! What to do? What to do? Turn up the panic. On two fronts. The stock market and the "novel" virus.Pertinent digressionNotice panic and pandemic are words with slightly different but related qualities? Think about this latest incident as double dose of fear presented via the two words being employed. Panic: Early 17th century: from French panique, from modern Latin panicus, from Greek panikos, from the name of the god Pan, noted for causing terror, to whom woodland noises were attributed.Pandemic means fear or terror spread across a wide region or many people
: occurring over a wide geographic area and affecting an exceptionally high proportion of the population
Though not generally used in such a manner- Stock market turmoil and economic collapse can cause a pandemic or viral panic. You know when something "goes viral"(spreads quickly and widely) Stock market turmoil spreads terror/fear over a wide region and/ or many people.A "novel virus" sure helps to spread still more panic! Always keeping in mind that language creates the reality!
As stated, I'd been as certain as was possible. that the market fundamentals were further disconnected from reality. Any sort of reality that you and I live in.
We’ve all been here before..... let's recollect briefly
The airlines got a big bailout then and they will because of the pandemic. Of course they weren't the only ones in '01, but, you're getting the idea right?
"Over the course of just two days, introduced, passed, and got presidential approval for a $15 billion bailout. Of that sum, $5 billion was earmarked for direct payments to stabilize the nation's air transportation system."
- 2008: The Great Recession- Precipitated by the Subprime Mortgage Crisis
"financial institutions acquired thousands of these risky mortgages in bulk (typically in the form of mortgage-backed securities) as an investment, in hopes of a quick profit.These decisions, however, would soon prove catastrophic."
- Resulting in Massive Banks and Business Bailouts: Bailouts for Banks and Business “Emergency Economic Stabilization Act of 2008"
This time it's a couple of bones
The Great Recession was a global economic downturn that devastated world financial markets as well as the banking and real estate industries. The crisis led to increases in home mortgage foreclosures worldwide and caused millions of people to lose their life savings, their jobs and their homes. It’s generally considered to be the longest period of economic decline since the Great Depression of the 1930s. Although its effects were definitely global in nature, the Great Recession was most pronounced in the United States—where it originated as a result of the subprime mortgage crisis—and in Western Europe.
2020- Hindsight and Foresight should be clear regarding this latest mass money extortion
Hindsight : we've seen this beforeForesight: should have seen it coming again. Based on past experiences.When 700 Billion and QE didn't suffice, maximum pressure was applied. And now.... The US is offering up a bail out package of at least 2 Trillion dollars.
March 22/ 20: GOP’s $2 Trillion Bill Adds Cash for Bailouts, States, Transit
Senate Majority Leader Mitch McConnell unveiled a $2 trillion economic rescue package Sunday with money for middle-class taxpayers, the unemployed and even local governments.
This morning's headline (March 24/20)
Finally flying....
The Stock Market flew today! The Dow was up more then 11%
- Dow 20,704.91 2,112.98 11.37%
Dow posts best percent gain since 1933..on hope for plan to rescue economy from coronavirus?
The intensity of the moves in markets, though, haven't simply reflected a pricing in of a recession brought about by a lockdown of the global economy. Market depth has disappeared and volatility has surged, leading to computer traders pulling their liquidity, which creates even more violent markets.“Many aspects of this crisis have played out in-line with our prediction: severe liquidity disruptions, forced deleveraging of systematic strategies, record speed of equity declines, and failure of bonds to offset equity losses,” says Marko Kolanovic, quantitative strategist at JPMorgan.
The "intensity" of the market moves haven't reflected pricing in a recession due to the "global lock down"- The market moves were predicted. And, anticipated. The "lock down" was unnecessary other then to give cover/obfuscate that yet another bailout was going to be given to the banksters and business. Think about the ability to use the predictable market instability for extortion?