Is the Market Crash Manufactured?

Yes, and it will be solved if McCain wins.

Barack Obama and the Strategy of Manufactured Crisis

Yes, it is manufactured… and I’m not an economist. I traced back through online searches where the left has been calling for a recession at least as far back as 2004. Every time they predicted when a recession is coming and it didn’t come, they simply moved up the date. In 2006 the calls for it became stronger, stronger again in 2007, and in spite of facts to the contrary the MSM kept calling for recession. And yes, money has been manipulated; the values of it. The fact that Congress kept spending like “drunken sailors”, while bemoaning the money spent in the WOT, kept everybody in the dark.

Then, we had the big emergency and the “rescue” was supposed to save everything. When stocks tried to rally on their own, we had idiots on the MSM telling people to take their money out of retirement accounts and portfolios which caused another crisis as people started selling fast and furious with others drawing their money out of banks. So it keeps going.

And the supreme irony? The very individuals keeping the crisis at fever pitch are the ones people are trusting to get them out of the mess.

We were in a psychological recession long before the emergency. Just like any other self-fulfilling prophecy, the psychological often manifests itself eventually into the real world through real actions based on fears, so what’s happening is real but the seeds for it were sewn a long time ago.

I agree with you as whole-heartedly as it is possible to do.

I’ve been watching with a cynical eye at the goings-on, and i notice things like how yesterday less than an hour from close the market plummeted something like 500 points, after what was otherwise an inconsequential day. Just in time to make headlines and assure the Asian and European markets would panic overnight.

It has exceeded any notion of rationality. And I think it is largely driven by both the treason media and the Soros types.

Another thing that smelled funny at the time: why in the world did Nancy Pelosi let the bailout bill come to a vote when she had no idea if the votes were lined up?

That’s no way to run a PTA; it sure as he77 is a pi$$-poor way to run a country.

Thanks, achance. I was starting to think it was just me. I don’t discount the chance that someone’s moving the chess pieces about the board, and we might end up with a heavily indebted king.

As a practitioner of Corporate Finance, history indicates that all Financial Market Bubbles were made by individuals and group of individuals.

Bubbles are best solved if the market is allowed to heal itself – the American style of solving financing crisis.

But we generally chose a European-style solution in solving the much talked about Wall Street Crisis.

candidate was frowned upon around these parts as being ridiculous. Now, I think that no rational person, presented with all the evidence today, would deny that this is what is happening. Daily, we are faced with more and more facts that support this conclusion.

I don’t think any of us could possibly be paranoid enough in the presence of what we now know. My fear in the past was that we would be devastated by terrorist attacks in the form of nuclear or biological agents. What an unexpected event it is that we are looking at the destruction of America from within.

With the details of Obama being in the New Party, his involvement with ACORN, his association with so many anti-American influences and the complicity of the MSM and the lefties, the story is near completion. All of them are traitors.

I hate to sound like a conspiracy theorist, as do the rest of you, but when this first started, I posted here that if the “crisis” were natural, it would runs its course in a few days.

But if it was being hyped, it will go on until the election.

Certainly once the panic is fomented, it becomes self-feeding, e.g. Harry Smith this morning on CBS News actually used the term “disaster of biblical proportions”.

And maybe it will be! But maybe – just maybe – it did not have to be this way.

Follow the money: we know that there are several billionaires/millionaires who would like to see the Big Brobama put into office. Certainly they could cause a certain amount of see-sawing by buying, selling, and transferring.

I agree that they would represent a very small percentage, but all you need is that nudge downward.

The timing is just too convenient. I pose that the crisis was in progress for months and was tilted at the most opportune time.

This crisis (manufactured or not) will subside, and those who buy low are the ones who can sell high.

I was getting nervous I thought you guys were thinking I was paranoid I wrote to this on sept 30 here is my link

http://www.redstate.com/diaries/james_reynolds/2008/sep/30/truth-behind-dems-bailout/

…like Soros for this “crisis” to be completely innocent, as I have written several times now.

A CSI-style analysis of checking the money-flow is needed: exactly when and what were these left-wing foundations and billionaires buying and selling recently? Clancy might not be far off, given the election timing.

when candidate Gov George Bush was castigated for daring to suggest that the economy was inching into a recession. He was attacked on all side for “Talking Down The Economy.”

Since he became President, the Democrats have done NOTHING but talk down the economy. When we had near-record low unemployment, record minority home ownership and double the European GDP growth, we were told we were in “the worst economy in the last 50 years!”

NO FOLKS, that would be the Carter Administration, and buckle up, with President Obama at the helm, we are about to embark on his second term….

…saturday morning….used the term “economic terrorism”…

…so i guess it’s not just us….

So, we have an economic crisis that came from almost nowhere, does not appear to be rational, and which does not respond to rational measures to correct it.

Ok, first of all, you have talking heads and both candidates themselves claiming that they’ve been warning of the “crisis” for some years now. This is Redstate, so let’s assume only John McCain can be believed. Still, according to him he’s known this would happen since at least May, 2006, and probably much earlier. You have Pejman asserting on the front page that “as anyone who hasn’t been living in a cave knows, the current economic crisis was brought about by the Community Reinvestment Act of 1977″ [cite]. So it’s hardly the case that this “came from almost nowhere”.

Second, when have investors ever behaved rationally when measured over a period of days or weeks? The fact that many investors behave irrationally is what gives many other investors the opportunity to benefit. But what we trust about the free market is that over time, collectively, individuals will work toward their own self-interests which will, in a capitalist system, result in overall growth and increased opportunities for everyone. This doesn’t rule out market corrections, “black sundays”, and so forth. Contrary to that brilliant economist in the Oval Office, the market is functioning correctly.

Third, there is nothing “rational” about the bailout, a package for which proponents couldn’t even apply enough planning to come up with a rational price tag, instead offering up some number they thought was sufficiently large.

But ok, some people here want to believe there’s a conspiracy that was launched 30 years ago and has been secretly executed up to a couple weeks back when all the many moving parts were finally brought together by, I don’t know who exactly, the (D) illuminati I guess, all to sway one presidential election.

The next posting speculating and/or promoting this viewpoint will earn a new label: “Dow Jones Troofer”.

Jim Cramer helped manufacture it when he got up on the Today show last week and said things that he “didn’t want to say on Television” and then went ahead…

…and said it: take your money out of the stock market.

And if anyone has been listening to Sean Hannity, one of his Fox commentators said basically the same thing two days ago: if you need money within the next five years, take it out of the stock market.

Well, when Jim Cramer gets up on the Today show and freaks out everyone watching the tube, and then Sean Hannity has someone telling people that their money isn’t safe in the market, it’s pretty obvious what’s going to happen: people are going to get scared and take their money out of the stock market.

Most people also still do not understand the time lag between Congress enacting the TARP legislation and the time it takes to set up the structure to implement it. When the plan was passed, everyone should have known (because they were told) that the first distressed asset wasn’t going to be purchased for at least several weeks.

But many people think that $700 billion has already been SPENT. So far, I don’t think they’ve spent Dime One. So there is a time lag there also. And of course the time lag between what people perceive as “action” and what actually constitutes “action” increases the uncertainty, which increases the fear, which increases the rumormongering, which increases the selloff.

So people had better start hoping things happen pretty quickly this week.

So, we have an economic crisis that came from almost nowhere, does not appear to be rational, and which does not respond to rational measures to correct it.

No, we don’t have any such thing. We have a crisis that is being exacerbated by the rumormongering of people who understand that most people are incapable of reading a newspaper, and for which not a single federal dollar has been spent to correct yet.

Get it straight.

This crisis did NOT “come from nowhere conveniently after the conventions.”

I have known about the outlines of the crisis, the full extent of which we are now seeing, since at least November of last year.

My business has been in the pits since November 8, 2007, when we received a telephone call at 5:30 in the morning from our largest customer (a big insurance company) telling us to immediately halt work on the job we were doing for them. That was the first sign to me that this was a problem of enormous magnitude that was going to take at least a year to fully express itself.

We were doing work for insurance companies that were trying to update the value of their homeowner’s insurance policies by asking the policy holders to fill out a complex questionnaire about their properties.

As early as November of last year, the executives at the insurance companies knew that the housing market was about to go into a full-blown tailspin:

When people are upside-down on their equity, and the housing market is tanking, nobody is going to be purchasing insurance policies and it’s ludicrous to be spending money on reevaluating the existing policies, because nobody knew what the real value of the underlying property was going to be.

So I got the first intimations of how serious this was over a year ago after having mailed more than 1,000,000 pieces for one of the largest insurance companies in America. In November of last year, their executives were terrified that a lot of home values were about to fall through the floor, so it made no sense to try to put a value on the underlying assets covered by the policies.

are all over this one…

Beginning in the 1990′s, follow a stock market bubble with a tech stock crash, reawaken the economy with tax rebates and tax cuts, suffer terrorist attacks, lose even more stock market value, cut interest rates to nearly 0%, encourage home ownership, watch the real estate market take off, see the easy money made flipping houses, it’s like the tech bubble again!, watch home values rise, rise, rise.

Then watch the one worlders swoop in to save us with their all-powerful banks…
We are, after all, just sea monkeys in their massive aquarium. They rule the world!!!!!!!!

Or maybe Americans all followed a second speculative bubble in a decade to a second straight financial wipeout.

I blame Baby Boomers who have moved like lemmings from one cause to another throughout their lives. Over the last decade millions of them have wanted to catch up after a life of not saving or investing by making quick bucks on Wall Street or in the housing market. It was reckless, and markets tend to punish reckless behavior in the long run.

Bear markets are a recurring force of nature. They are sharp, quick, and stinging.

They last anywhere from several months to a couple of years.

The Depression, imagery of which is being pushed for political purposes, was NOT caused by the crash of 1929, which was a warning of a problem, not the problem itself.

I’m doing a series of blogs on the market at The Minority Report

It revolves around this graph:

…how low can YOU go?

Blame Fannie Mae and Congress For the Credit Mess

Blame Urban Planning

A while ago gas was always over $4.00/gallon. Today I bought gas for less than $3.00/gallon.

Looks like a pretty good time to be in the stock market too, if you’re a buy & hold investor. You can buy shares pretty cheap now, and they’ve got to go up some time.

But, even if I’m wrong, a bad day in America is much better than a good day in Cuba.

This meltdown is frankly too convenient. Remember Kerry? He ran on the issue of the economy (that one fit; he’s the richest member of Congress even without his wife’s bucks).

I’m putting this link here, not as a self-serving move, but just because I thought the same thing and the points I raised are different than yours. Even though we are both thinking alike.

I talked to a banker not long ago–that individual still doesn’t have a good reason for this happening now. The told me the mortgage shennanigans have been going on for years. Why now?

Is Democratic Party pushing economy meltdown for political gain?
http://www.theusreport.com/the-us-report/is-democratic-party-pushing-economy-meltdown-for-political-g.html

*That’s my blog, but I’m only listing it for the reasons I said, and if I’m out of line, just zap the post.

best, Kay

Great article at the American Thinker, they have been planning this for years. They know the only way they can get their phony, selected, incompetent dem elected is if the economy is in crisis.

These billionaires have the ability to do just that.
Here is just a bit of the article, so much more info there, worth the read…removes any doubt.

Largely ignored in this crisis is the key role played by Herbert and Marion Sandler, founders of Golden West Financial (GDW), one of the largest savings and loans in the nation. Wachovia purchased GDW for $24 billion dollars in 2006. This was one of the worst merger and acquisition deals of all time for the buyer, and remarkably excellent timing on the part of the seller. In essence, Wachovia bought a financial time bomb ticking away, one that exploded this year, bringing down yet another former financial titan and further wrecking Wall Street.
How did this transpire and who are the Sandlers?

…The Sandlers have started to invest their billions of dollars politically, in the manner of George Soros, sugar daddy of many far-left wing groups and an early and prominent supporter of Presidential candidate Barack Obama. Soros has developed an empire of so-called 527 groups, putatively independent political activists groups that have influence within the Democratic Party. These 527 groups include the Center for American Progress, MoveOn.Org, Human Rights Watch, Media Matters and a slew of other like-minded groups .

This set of political organizations also includes the International Crisis Group, whose foreign policy staff is likely to contain the embryonic future of the State Department in an Obama Administration . Eli Pariser, who heads MoveOn.Org, boasts about his group’s role in the Democratic Party:

“Now it’s our party: we bought it, we own it, and we are going to take it back.”

They have already done so, in large measure.
[http://www.americanthinker.com/2008/09/howalliesofgeorgesoros_hel.html]

The truth…the leftists can’t handle the truth. Go to the link below for the truth.

http://www.youtube.com/watch?v=1RZVw3no2A4

Yes, and hopefully not in China … ya’ gettin’ me?

By way of projection, the people profiting from this panic have been accusing Bush of everything from planning 911 to running a police state.
So if Soros, who has the money and the connections to do this, decided to do it, he could rationalize it very well.

I’ve been saying that this whole deal has been manufactured and planned out. There’s
info out there showing how a whole bunch
of left leaning power brokers and money people sold off there holdings and entire companies just months and weeks before it all hit. Just like that husband and wife sub mortgage team, out of NY I believe, sold their company and all their mortgages to Wachovia just before the bubble burst.
I believe they knew it was going to happen and wanted it too. They both are huge supporters of Obamanism.