Sentient Void
05-06-2010, 03:30 PM
I think it's *very* interesting that the moment, today (May 06, 2010) - that the Senate discussed / debated and would seemingly pass the 'Audit the Fed' bill (the bill written by Ron Paul and already passed in the House of Reps.) and Bernanke sent a letter to many congressman essentially saying, "Don't Audit the Fed, or Else!"*... that all of the sudden, there was a supposed 'technical error' that looks to have been originated by Citigroup*...
Citigroup is *SIGNIFICANT* because it was & is a MAJOR contributor (as well as founder of, in 1913) and part of the Federal Reserve*. The market jumped back immediately after it dropped the amount due to Citigroup's potential 'technical error' (700 pts, not considering overall drop of stock market).
I say... something *very fishy* is going on! Was that a blatant execution of Bernanke's / the Fed's threat to the market???? This *needs* to be looked into further!
More stuff on this is developing, but *if* this is all true, then that is a *lot* of very coincidental evidence that would lead me to believe that our economy is legitimately being held hostage.
Thoughts???
PS - Some people are trying to say that the drop was due to the crisis in Greece & the EU - but the crisis has been going on for weeks, and also the market was in the process of dropping(-) ~350 pts as is, and closed at ~ -350 pts anyways. The market has also been dropping at least partly due to Greece for the past few days (almost 7% of a drop altogether). The ~1,000 point drop has to have been caused by the 'technical error'.
* Sources (in order)...
Bernanke's / The Fed's 'warning' :
http://online.wsj.com/article/SB10001424052748704370704575228164133105390.html?m od=WSJ_hpp_MIDDLETopStories#articleTabs=comments
Citigroup was a major initial contributor to (in 1913), and is still a major part of, The Federal Reserve:
http://en.wikipedia.org/wiki/Citigroup#Citicorp
Citigroup Potential Cause for Drop:
http://www.foxbusiness.com/story/markets/market-overview/errant-trade-caused-market-plunge--sources/
NOTE: Oddly enough, that article about Citigroup being the cause was just deleted from FOX Business... but I've got another couple good sources for it, regardless...
http://uk.reuters.com/article/idUKN0623401120100506 and http://www.dailyfinance.com/story/investing/did-a-citigroup-traders-error-add-to-market-collapse/19467905/
DJIA 1,000 pt (9+%) drop, then immediate rebound:
http://www.foxbusiness.com/story/markets/futures-rise-days-losses/
Citigroup is *SIGNIFICANT* because it was & is a MAJOR contributor (as well as founder of, in 1913) and part of the Federal Reserve*. The market jumped back immediately after it dropped the amount due to Citigroup's potential 'technical error' (700 pts, not considering overall drop of stock market).
I say... something *very fishy* is going on! Was that a blatant execution of Bernanke's / the Fed's threat to the market???? This *needs* to be looked into further!
More stuff on this is developing, but *if* this is all true, then that is a *lot* of very coincidental evidence that would lead me to believe that our economy is legitimately being held hostage.
Thoughts???
PS - Some people are trying to say that the drop was due to the crisis in Greece & the EU - but the crisis has been going on for weeks, and also the market was in the process of dropping(-) ~350 pts as is, and closed at ~ -350 pts anyways. The market has also been dropping at least partly due to Greece for the past few days (almost 7% of a drop altogether). The ~1,000 point drop has to have been caused by the 'technical error'.
* Sources (in order)...
Bernanke's / The Fed's 'warning' :
http://online.wsj.com/article/SB10001424052748704370704575228164133105390.html?m od=WSJ_hpp_MIDDLETopStories#articleTabs=comments
Citigroup was a major initial contributor to (in 1913), and is still a major part of, The Federal Reserve:
http://en.wikipedia.org/wiki/Citigroup#Citicorp
Citigroup Potential Cause for Drop:
http://www.foxbusiness.com/story/markets/market-overview/errant-trade-caused-market-plunge--sources/
NOTE: Oddly enough, that article about Citigroup being the cause was just deleted from FOX Business... but I've got another couple good sources for it, regardless...
http://uk.reuters.com/article/idUKN0623401120100506 and http://www.dailyfinance.com/story/investing/did-a-citigroup-traders-error-add-to-market-collapse/19467905/
DJIA 1,000 pt (9+%) drop, then immediate rebound:
http://www.foxbusiness.com/story/markets/futures-rise-days-losses/