posted on Aug, 13 2011 @ 06:12 AM
reply to post by surrealist
... Does anyone know if the current volatility has also coincided with huge problems with any banks? I know the Bank of America has been making
some headlines in the news in recent days. Just wondering if there is possible connection between the volatility this past week and another soon-to-be
bankrupt bank. ...
i think the swings in the market was centered on bigger things than Bank-of-Amerika...
there is a idea out there that the market behaved on concers with the EU and the EURO itself....
the eventual demise of the EUro-zone of today...and possibly that Germany would pull out and reissue the Deutsch Mark as legal tender.
BAC & its CountryWide poison are just frosting on the cake in comparison...
the initial plunge was related to the European Status Quo.... but the PPT (plunge protection team)
and a host of HFT (high frequency trading) programs took the problem and engineered such uncertainty that a disorderly/near panic was created...
the idea of creating the flip-flop +400 point swigs during the week was supposed to weaken the Euros' value...Also to create a problem-solution
situation here in the USA... to hopefully create a 'dark' QE3 need
which will be promoted as the solution to the hyper volitility & market swings, which destroy vast ammounts of wealth in a day or a string of days.
next: seizing of IRAs & 401Ks... the newly established Super Congress expanding it's role to be a type of Central Planning Committee (as in a China
Model... which i quietly warned of in some earlier reply posts i've made here on ATS )
enjoy it while u can i say