The stock market is the overwhelmingly most important thing in the world for the 10% who own 85% of all stock outstanding. The 100 or so richest people in the world actually are your real government. Americans are busy believing otherwise and promoting their own poverty. Folks in the U.S. are trained from birth to think like they do.
I frequently state that those 100 or so richest people in the world are controlling, acquiring and consolidating ownership of the world’s factors of production. By controlling the media, they also determine what your entertainment is but more importantly what you think and believe. Accomplishing these things allows them to literally write their enormous paychecks and guarantees them ever increasing enormous paychecks for as long as the future can be foreseen.
How do I know these things without having any facts at my fingertip? It is my understanding of natural law and the practice of using it to make forecasts. Here is a relevant point of natural law applicable in today’s economic and political arenas.
Any human being who has an incentive will act on that incentive in the absence of a stronger counter incentive. Anyone who has an incentive to steel will rob a bank if there is absolutely no way he will be caught.
Why would any group of people coral and manage the thoughts of the overall population for profit and use government as a means of increasing the value of everything they own? A better question is, why wouldn’t they? Who is going to stop them? Certainly the public won’t. The upper elite control our law makers. So, of course they will. All that is needed is the will, power and money to do these things.
Is this some kind of conspiracy? Am I a conspiracy theorist? It doesn’t have to be a formal conspiracy. It can be the manifestation of the interplay of symbiotic relationships over time. Regardless, it has the characteristics of a cartel. The exact nature of their relationships to one another would be nice to know but the outcome is the same regardless. All collective action is conspiracy based. In that respect, I am definitely a conspiracy theorist.
One problem the elite have is that of actual damage to their business interest. They also need a perpetual massive supply of unearned money which is funneled to them by way of our Federal Reserve. I have previously forecast that the stock market will drop when the economy tanks and there is nothing that can be done to stop it. I need to change that a little. If business losses are guaranteed because of something external smashing its way into the economy, that will have the same effect as a business decline that occurs because the buying power af the bottom rungs of the economy disappears.
The Coronavirus actually could serve as an exogenous event that stresses the economy to the point of collapse. We don’t know how serious the situation is. The reaction of the Chinese government indicates that it could be quite serious. The American media has for started shelving the story.
The purpose of all of this is to save the stock market. Americans need to be assured stock prices will continue to rise no matter what. The elite will actually see to it that the public gets no information that will scare them into selling their holdings. The lives and means of ordinary people mean nothing to these folks. Americans die because they have no information and have no way to anticipate a coming pandemic? To the elite, you go down as collateral damage.
Until something happens, the same trading patterns in the market will continue as usual. Sometimes the market will fall at the opening of trading. What happens? The market falls and lands in a basket. From there prices are manipulated higher any shorts are squeezed out of their positions. The last hour is devoted to closing the market up for the day or at worst at the high for the day.
On most days, the market is gapped up and then stabilized. A snake like pattern ensues and continues until the last hour. From that point until the close, all efforts are to close it well above the open but up for the day no matter what. In the media, this process is explained as mom and pop being excited about stocks and buying aggressively. It is nothing of the kind.
In politics, the democratic process is being discarded. Our free market system has been destroyed. The situation is ripe for an all out depression. It will happen but the stock market will be manipulated until none who manipulate the market are left standing. Does anyone want to play?
The truth is a hard sell. Fantasy Free Economics gains readers one at a time. Major search engines simply do not list blogs which disagree with their political agenda. As long as folks share the link to this blog and others speaking out against the grain, the truth will at least trickle into the public consciousness.
Fantasy Free Economics recommends the following blogs.
Woodpiler Report Of Two Minds Liberty Blitzkrieg Mises Institute Straight Line Logic Paul Craig Roberts Straight Line Logic