The U.S. stock market tumbled over 358 points, or 2.1%, a dive significant enough to be noticed, and one that was the worst we've seen in 18 months. Is the Wall Street Casino an indicator of what we may be seeing in the future?
The Stock Market has done fairly well as long as the federal government has manipulated the system, bailing out businesses, buying T-Bills, and printing money. But at what point will The Piper finally demand to be paid, himself?
The blame is being placed on China's own market slump. The Shanghai Composite wound up down more than 3 percent. From there, the panic spread to European and U.S. markets, where the Standard & Poor's 500 index moved further below a closely watched trading level.
Investors, facing screens full of red, retreated to their usual places of safety: bonds, gold and cash.
In addition to the Dow plunging 358.04 points, the S&P 500 lost 43.88 points, or 2.1 percent, and the Nasdaq composite lost 141.56 points, or 2.8 percent.
In response, Gold rose $25.30, or 2.2 percent, to $1,153.20 an ounce. U.S. government bonds rose, as well.
The trouble in China has led to a devaluation of its currency. That devaluation has encouraged other countries to devalue their own currencies, notably the oil-rich country of Kazakhstan and the Southeast Asian manufacturing center of Vietnam.
The artificial crutches the federal government has been propping up the American Economy on are doomed to collapse, eventually. Free markets naturally rise and fall, but when the government or bankers manipulate the financial system to avoid an inevitable drop, the severity of the eventual drop increases. A stock market crash would definitely signal we are collapsing, and launch that collapse into a spectacular tail-spin. 23 financial markets have already crashed, worldwide. When will the United States system crash?
Investors, facing screens full of red, retreated to their usual places of safety: bonds, gold and cash.
In addition to the Dow plunging 358.04 points, the S&P 500 lost 43.88 points, or 2.1 percent, and the Nasdaq composite lost 141.56 points, or 2.8 percent.
In response, Gold rose $25.30, or 2.2 percent, to $1,153.20 an ounce. U.S. government bonds rose, as well.
The trouble in China has led to a devaluation of its currency. That devaluation has encouraged other countries to devalue their own currencies, notably the oil-rich country of Kazakhstan and the Southeast Asian manufacturing center of Vietnam.
The artificial crutches the federal government has been propping up the American Economy on are doomed to collapse, eventually. Free markets naturally rise and fall, but when the government or bankers manipulate the financial system to avoid an inevitable drop, the severity of the eventual drop increases. A stock market crash would definitely signal we are collapsing, and launch that collapse into a spectacular tail-spin. 23 financial markets have already crashed, worldwide. When will the United States system crash?
Some economists have suggested that we are merely weeks away from a global financial collapse, and that a stock market crash is inevitable in 2015. Specifically, in September a number of events collide. Will the next couple months be a wild financial ride? Nobody is truly ready for it, and if collapse is upon us, it may get very interesting.
-- Political Pistachio Conservative News and Commentary
Stock market endures worst day in 18 months - Yahoo Finance
Why are so many people freaking out about a stock market crash in the Fall of 2015? - The Economic Collapse
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