Posted on 10/23/2006 7:36:56 AM PDT by abb
Stocks turn higher, hit new trading record Earnings from Ford, AT&T are OK, but nervousness ahead of Fed meeting makes for a volatile morning. By Steve Hargreaves, CNNMoney.com staff writer October 23 2006: 10:16 AM EDT
NEW YORK (CNNMoney.com) -- Stocks turned higher Monday but investors remain on edge ahead of a week packed with corporate earnings and a Federal Reserve meeting.
The 30-share Dow Jones Industrial Average (up 22.17 to 12,024.54, Charts) slipped about 0.1 percent just after the opening bell and then rose 0.5 percent.
The broader S&P 500 (down 0.10 to 1,368.50, Charts) and the tech-laden Nasdaq (up 0.85 to 2,343.15, Charts) composite both turned around aftera lower open.
(Excerpt) Read more at money.cnn.com ...
Bush's fault....but it is being manipulated just like gas prices. Just like gas prices. Breathe deep the gathering gloom................sleepy...sleepy.
Remember when the new media was blaring the news of the growing stock market? That was in the 90's wasn't it? Why is there not so much news today? Couldn't be a bias towards who's in the Whitehouse, could it
The enemy media needs to be destroyed. Fortunately, it's happening as they lose money and die natural deaths.
Think Katie will lead the news with Foley again tonight?
12080 Ho Ho Ho UP +78
That will help her ratings, won't it?
BTTT
She still won't beat Flava Flav on VH1. LOL
I think the markets will drop regardless of who takes control of congress.
Well you can be assured that she won't talk up the good economic news.
Just as assuredly as the dead vote Democrat in Chicago!
Dow up 87, Nasdaq 18.
18 May 1920 - The Federal Reserve Board held a secret meeting, to plan a depression. Large banks began calling in loans, causing stocks to drop from a high of 138.12 in 1919, to a low of 66.24 in 1921. When the value of government bonds plummeted, they were forced to call in even more loans. When thousands of the banks' customers could not pay their notes, the banks seized their assets.
1922 (and After) - Profits rose, and with the Federal Reserve's ability to lend ten times more than their reserves, credit was easily obtained. From 1923 to 1929, $8 billion was sliced off of the deficit. The Reserve expanded the money supply by 62%, and this excess money was used to bid the stock market up to fantastic heights. The media began publicizing that there was an enormous profit to be made from the stock market. This push was planned at a meeting of the International Bankers in 1926, who made the boom possible, and who was going to bring about financial disaster later.
1925 - The Council on Foreign Relations established the American Institute of Pacific Relations in 1925. Morgan and Rockefeller controlled Wall Street interests, foundations , and corporations closely allied to them (including Standard Oil, International Telephone and Telegraph, and Chase National Bank) provided the funding. The Institute influenced United States policy towards Russia, China, and Japan, and helped establish Council on Foreign Relations controlled corporations in these areas.
1928 - The House hearings on the Stabilization of the Purchasing Power of the Dollar, revealed that the Federal Reserve Board had met with the heads of various European central banks at a secret luncheon in 1927 to plan what they believed may be a major crash.
6 February 1929 The Federal Reserve reversed its monetary policy by raising the discount rate following a trip to the United States by Montagu Norman, head of the Bank of England, to meet with Andrew Mellon, the Secretary of Treasury
March 1929 - Paul Warburg had issued a tip in, Illuminati members, who knew what the future held, got their money out of the stock market, reinvesting it in gold and silver. In the year before the crash, 500 banks failed.
24 October 1929, the New York banking establishment began calling in their loans, forcing their customers to sell stock at ridiculously low prices in order to pay off the loans. Stock prices fell by 90%, and U.S. Securities lost $26 billion. Thousands of smaller banks and insurance companies went bankrupt, and people who had been millionaires, were now broke. To prolong the depression after the crash, from 1929 to 1933, the Reserve began to reducing the money flow by one-third.
The Great Depression, as it became known, was engineered by the Illuminati to take money from the people, and to make them dependent on the Government through the subsequent New Deal programs of Roosevelt. Congressman Louis T. McFadden, Chairman of the House Banking and Currency Committee said: "It was no accident. It was a carefully contrived occurrence...The International Bankers sought to bring about a condition of despair here so they might emerge as the rulers of us all."
To a limited extent, this same method was used to create minor "depressions" in 1937, 1948, 1953, 1956, 1960, 1966, 1970, and 1979.
29 October 1929 16,419,000 shares turned over and Billions in values lost as market breaks third time. Many forced to unload especially newly formed investment trusts. Fact is that shares were offered in huge blocks and prices crumbled as rapidly as on any previous day since the crash started. The stock exchange decided against action in the crash. Mr. Thomas W. Lamont stated in a statement to the press; The committee carefully considered the present situations but failed to find that any action was necessary consequently adjourning until the regular meeting tomorrow. It is reported that following the governors meeting, Mr. Lamont reiterated that the banker are co-operating to stabilize the market as a group, but that no effort was being made to stop the decline abortively. He added that the individual bankers were not unloading themselves as has been hinted. The collapse in the U.S. has a depressing influence on the European stock market, due to heavy liquidation by American Holders. American capital had been for some time been increasingly engaged in European industrial investment. [The Front Page; From the International Herald Tribune 1887-1980; P. 61; New York Herald Tribune; Paris, Sunday, March 13, 1939, 51st year, No 18, 423].
30 October 1929 Wall Street Collapse Sends Prices Down on Exchanges Here: European Industrials Suffer by liquidation of U.S. Holdings. The collapse of the Wall Street Stock market had a depressing influence on the leading European stock exchanges yesterday. This was felt in varying degrees and for various reasons, the most seriously affecting being Amsterdam. On all European bourses American stocks followed closely the Wall Street trend, while Anglo-American and Canadian stocks quoted in Capel Court were big losers on the day. On the Paris and Berlin bourses the leading French and German industrials were marked down appreciably, owing to heavy liquidation by American holders. For some time American capital has been increasingly engaged in European industrial investment,
[The Front Page; From the International Herald Tribune 1887-1980; P. 61; New York Herald Tribune; Paris, Sunday, March 13, 1939, 51st year, No 18, 423].
21 November 1933 A letter written by FDR to Colonel House, "The depression was the calculated 'shearing' of the public by the World Money powers, triggered by the planned sudden shortage of supply of call money in the New York money market....The One World Government leaders and their ever close bankers have now acquired full control of the money and credit machinery of the U.S. via the creation of the privately owned Federal Reserve Bank." Curtis Dall, FDR's son-in-law as quoted in his book, My Exploited Father-in-Law, "The real truth of the matter is, as you and I know, that a financial element in the larger centers has owned the Government ever since the days of Andrew Jackson."
21 November 1933 - In a letter Franklin D. Roosevelt wrote: "The real truth of the matter is, as you and I know, that a financial element in the large centers has owned the government ever since the days of Andrew Jackson."
in summary......looking to 2010 for a replay.
THE STOCK MARKET CRASH AND DEPRESSION
The Federal Reserve Board held a secret meeting on May 18, 1920, to plan a depression. Large banks began calling in loans, causing stocks to drop from a high of 138.12 in 1919, to a low of 66.24 in 1921. When the value of government bonds plummeted, they were forced to call in even more loans. When thousands of the banks' customers could not pay their notes, the banks seized their assets.
After 1922, profits rose, and with the Federal Reserve's ability to lend ten times more than their reserves, credit was easily obtained. From 1923 to 1929, $8 billion was sliced off of the deficit. The Reserve expanded the money supply by 62%, and this excess money was used to bid the stock market up to fantastic heights. The media began publicizing that there was an enormous profit to be made from the stock market. This push was planned at a meeting of the International Bankers in 1926, who made the boom possible, and who was going to bring about financial disaster later.
In 1928, the House hearings on the Stabilization of the Purchasing Power of the Dollar, revealed that the Federal Reserve Board had met with the heads of various European central banks at a secret luncheon in 1927 to plan what they believed may be a major crash. On February 6, 1929, after Montagu Norman, head of the Bank of England, came to the United States to meet with Andrew Mellon, the Secretary of Treasury, the Reserve reversed its monetary policy by raising the discount rate, and during the next few months, after Paul Warburg had issued a tip in March, 1929, Illuminati members, who knew what the future held, got their money out of the stock market, reinvesting it in gold and silver. In the year before the crash, 500 banks failed.
On October 24, 1929, the New York banking establishment began calling in their loans, forcing their customers to sell stock at ridiculously low prices in order to pay off the loans. Stock prices fell by 90%, and U.S. Securities lost $26 billion. Thousands of smaller banks and insurance companies went bankrupt, and people who had been millionaires, were now broke. To prolong the depression after the crash, from 1929 to 1933, the Reserve began to reducing the money flow by one-third.
The Great Depression, as it became known, was engineered by the Illuminati to take money from the people, and to make them dependent on the Government through the subsequent New Deal programs of Roosevelt. Congressman Louis T. McFadden, Chairman of the House Banking and Currency Committee said: "It was no accident. It was a carefully contrived occurrence...The International Bankers sought to bring about a condition of despair here so they might emerge as the rulers of us all."
To a limited extent, this same method was used to create minor "depressions" in 1937, 1948, 1953, 1956, 1960, 1966, 1970, and 1979.
http://money.cnn.com/2006/10/23/markets/markets_1010/index.htm?postversion=2006102310
WOW!!!! What a neat little world some people live in where they can just say something and it causes the whole world to crumble. A neat little world where black helicopters are always circling. Where there are plenty of tinfoil hats to go around. Where they really are after you. If they really are after you, is it still paranoia?
crazy
I have always dreamed that if I had no scruples, I could make a lot of money making up stuff for the gullible to feed on...
In attendence: a young FDR, the grandparents of the Rosenbergs, the founders of the Tri-lateral Commission, the Counte de Saint Germain, the Grays, and Elvis (courtesy of H.G. Wells secret prototype time machine.) The Bilderburgs could not attend due to a prior appointment with the Pope, discussing the messy details of moving the Templer Horde out of Philadelphia to a more secure location. And in the back, recently discharged from the German army, a certain young Mr. Hitler, taking copious notes on the discussions, which were recently archived in the Nazi secret base inside the entrance to the Hollow Earth in Antarctica...
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