The markets rallied on friday after making a new low, lower than the october crash breaking the 7777 level on the DOW. What really happened? The day after my second market crash warning the dow was down almost 500 points for the day. the cover of the daily news was "all fear breaks loose". the following day, friday the market was down another couple hundred points till it rallied in the last hour of trading, the most manipulated trading hour of the day. this is when the government, hedge funds, mutual funds and the plunge protection team paints the tape. in my opinion this was a manufactured rally from the goverments news release of another filthy banker promoted to the head of the treasury. what timing! The news was released at 3pm: Stocks limped into the day after a back-to-back pummeling that had left the S&P 500 at an 11-year low, and spent most of the day drifting in and out of positive territory. They shot higher around 3 p.m. when NBC news reported that Timothy Geithner, president of the Federal Reserve Bank of New York, would be nominated as U.S. Treasury secretary.
Friday's closing rally on the Dow, last hour.
"lets rally the market on this news to make it seem like wall street loves Tim Geithner" "most of the market is short after making a new low. lets squeeze them, this will add to the rally and we can sell at a profit with the ceiling we create" -plunge protection team
Overall we are still in a post crash, bear market awaiting the big one. The big simultaneous currency, economic & global stock market crash. Get ready for hyperinflation, currency devaluations and a global depression. -stockman
November 22, 2008
It’s change we can believe in. President of the Federal Reserve Bank of New York and CFR member Tim Geithner will take over the job of administering the banker bailout in January.
|NBC’s Chuck Todd and former Fed mob boss Alan Greenspan’s wife, Andrea Mitchell, report on Obama’s nomination of Treasury bureaucrat and CFR member Tim Geithner to head up the Treasury.|
Geithner was a senior fellow in the Economics Department of the Council on Foreign Relations and director of the Policy Development and Review Department at the International Monetary Fund. After obtaining an M.A. in International Economics and East Asian Studies from Johns Hopkins University’s School of Advanced International Studies in 1985, Geithner went to work for Kissinger and Associates. In 1988, he joined the International Affairs division of the U.S. Treasury Department and was named president of the Federal Reserve Bank of New York in 2003. He is also a member of the Rockefeller “financial advisory body,” the Group of Thirty, an organization comprised of members from the Bank of England, the European Central Bank, the Federal Reserve, Citicorp and Citibank, the China Construction Bank, Morgan Stanley, JP Morgan Chase, in short the very heart of the international banking elite.
In June, Gary Weiss wrote that Geithner was a “central figure” in the “drama” that was J.P. Morgan Chase acquisition of Bear Stearns. “It was Geithner’s Federal Reserve bank, not the Treasury, that came up with the $29 billion loan that made the deal possible or, more precisely, acceptable to J.P. Morgan.” In other words, Geithner was taking orders directly from the international bankers. He is also cozy with AIG, Lehman, and Goldman Sachs.
Obama’s choice of a Federal Reserve, CFR, and Rockefeller insider reveals there will be no change for the plebs, but more of the same and then some — a continuation of pillage and debt slavery. It means we will continue to be subjected to international monetary and trade agreements at the behest of the international bankers and the corporatists. It means our sovereignty will be further eroded and the self-perpetuating cycle of borrowing will continue. It means the bankster plan to loot the country, consolidate wealth, and turn the United States into a third world country based on the China slave labor gulag model will move forward.
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