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Fears that the U.S. Federal Reserve bank will begin cutting its stimulus to the American economy sooner than expected spooked world markets on Thursday, driving shares down. The Fed's announcement that it would maintain its $85 billion monthly bond purchasing scheme was widely expected, and cheered, by investors. But the bank's economic outlook was rosier than anticipated and could indicate that it will begin to reduce those purchases — a process known as tapering — soon.
Investors: "OH NO! We may not get free money anymore? Welp time to ruin the economy for everyone else"
It seems that the Stock market is trying to slap the governments face for doing anything that interferes with what they want to do. "Just feed us more money so we can make profits off the money while the government goes farther into debt." If the government doesn't do what they want, they will cause a drop, or blame a drop, in the stockmarket on the government for restricting them. I suppose the people running the banks and stock market think all Americans are dumb enough to believe them because they fear losing their savings that is invested in the market. They are right, most people will accept a lie as truth without asking questions if it is to their benefit. They feel that asking questions or not supporting the people creating the lie will negatively effect them. House of cards.
...Usually the fluctutations are +- 0.5-3 % a day depending on company. Now think how much a person who has invested half a million or more would lose....
CHAPTER TWELVE The Great Depression [SECRETS OF THE FEDERAL RESERVE By Eustace Mullins]
...Only the innermost council of "The London Connection" knew that it had been decided at this "mystery meeting" to bring down the curtain on the greatest speculative boom in American history. Those in the know began to sell off all speculative stocks and put their money in government bonds. Those who were not privy to this secret information, and they included some of the wealthiest men in America, continued to hold their speculative stocks and lost everything they had.
In FDR, My Exploited Father-in-Law, Col. Curtis B. Dall, who was a broker on Wall Street at that time, writes of the Crash, "Actually it was the calculated ‘shearing’ of the public by the World Money-Powers, triggered by the planned sudden shortage of the supply of call money in the New York money market."90 Overnight, the Federal Reserve System had raised the call rate to twenty percent. Unable to meet this rate, the speculators’ only alternative was to jump out of windows....
I don't see how tapering spending will reduce the ever growing debts that are unpayable.