Dow futures down 212 points as I type this. So, it’s not a point of panic yet, although some powers that be behind the scenes apparently are trying to incite unrest.
Dow futures are down 246 right now.
I don’t think that there is any need for anyone to incite anything for this to get rolling on its own. The bottom line problem is that there is negligible confidence in political and financial leadership anywhere in the world except possibly in Switzerland.
Political leaders have lied about the situation time and time again. So have the heads of central banks and major financial institutions. They actually changed the rules to allow large banks to lie about their financial position. The financial leaders have been running Ponzi schemes for years and are the prime movers in the crisis in the first place.
Now it’s all running out at once. Nobody believes lies from politicians anymore, and the fraud in the financial sector is blowing up of its own accord, as was always its nature.
It’s a problem that can’t be solved with bazookas!