The "Flash Crash" Was A WATERFALL Event Like The One That Preceded The Fall Of Rome

The Business Insider ^ | 5-18-2010 | Joe Weisenthal

[blam]

Martin Armstrong: The "Flash Crash" Was A WATERFALL Event Like The One That Preceded The Fall Of Rome

Joe Weisenthal
May. 18, 2010, 10:07 AM

The famous market philosopher Martin Armstrong, who is currently in prison in Ft. Dix New Jersey, has turned his attention to the "Flash Crash" of May 6, which he sees as a profound event.

He describes the event as a waterfall -- the opposite of a blowoff bubble top -- that presages the start of a profound shift in the world economy.

He calls the "fat finger" or glitch theories nonsense, saying it's all about Greece, and the global debt crisis.

[snip]

[stig]

It's my opinion that is has happened every day since May 6th. The "Plunge Protection Team" is using the $700B of unallocated TARP money to artificially prevent the crash.

I agree with you. My question is how long can they continue propping up the market before the bottom drops out?

In related news how much longer can New York, Illinois, and California continue to not pay bills before they have to declare bankruptcy?

[blam]

"The barbarian invasions were massive shifts of “civilian” populations as well. "

I think mostly due to the climate getting much colder.

[El Gato]

“who is currently in prison in Ft. Dix New Jersey”

former fund manager Martin Armstrong, founder of now-defunct Princeton Economics International Ltd., is now serving a five-year sentence for securities fraud.

There is a federal prison on the Ft. Dix/McGuire AFB installation. . It consists of a low security facility and adjacent minimum security "camp".

[ChocChipCookie]

Yes! That is exactly what I told my husband a year or two ago.

[nina0113]

ping

[roses of sharon]

OK, can someone put these suspicions in a form for those of us who are truly most ignorant of all things Wall Street??

Did we ever figure out what happened back during the 08 campaign?

Why didn't anyone see it coming...included ALL of Wall Street, the Fed Reserve, the President, Congress,and ALL of the financial press???????????????

And why does the Financial press still see none of these things as suspicious?

I don't get it, I am not prone to conspiracies, but I just don't get how all these TRILLIONS of dollars can thrown around by experts....who are always surprised about problems?

Help!

[tiki]

I have noticed that too.

[ChinaThreat]

After analyzing the market for the last six months, it is blatantly obvious that whenever volume is high, you see the indexes plummet. When volume is low, the markets melt-up. What this shows is that there are a high number of low qty sell transactions, and low number of high qty buy transactions. This fits with the theory that the PPT and other players are manipulating the markets. I’m completely out of equities. What i do have in the market is in annuities and US Treasuries (for now).

[r9etb]

I was unaware that Rome had a computer-driven stock market.

[TruthConquers]

Martin wrote a piece a while back describing what the currency crash of Rome looked like. There were dips here and there, and then, a huge waterfall event that the Rome currency NEVER recovered from.

They debased their money by having less and less REAL metal in their coins. Sound familiar?

Martin believes that the US dollar will, in time, become worthless. The deflationist believe that Cash will be King. The Monists believe that the government will succeed in starting inflation again. Martin also believes that after the currency crisis, it will be hyperinflation.

Who knows?

[TruthConquers]

OK, can someone put these suspicions in a form for those of us who are truly most ignorant of all things Wall Street?? Did we ever figure out what happened back during the 08 campaign?

NO.

Why didn't anyone see it coming...included ALL of Wall Street, the Fed Reserve, the President, Congress,and ALL of the financial press???????????????

There were people who saw it coming. Mostly deflationists, and so did some Elliot Wave types. But these people do NOT get media time. I believe that at high levels the government DOES know. Just does not tells us.

And why does the Financial press still see none of these things as suspicious?

Who pays their salaries? Do the elites WANT average Joe Six Pack to have a clue?

I don't get it, I am not prone to conspiracies, but I just don't get how all these TRILLIONS of dollars can thrown around by experts....who are always surprised about problems?

This is why there are suspicions. And Rhams comment about "Never wasting a crisis," echo with the politically aware. They do KNOW and WANT to have these problems, because COMMUINISM is going to save us. The other interpretation is that the PowersThatBe really don't want the game to end, and want to keep the credit bubble going longer so that they can keep winning in the factional fiat money system that allows them to win, at the expense of the average person.