Thats the reason they want you to think, It was the feds AGAIN today that caused the rise. The virus IMHO, was timed perfect with this new meltdown for cover of just how bad things are. Folks that dont look deeper and see this , well,,,,,,,,,,,,,,,,,,, I cant do nuttin bout that LOL,,,,,,,,,,, READ this a couple times if needed for this scam to sink in. I have known this for years.
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But Is It Already?
This Tuesday we vented the theory that the Federal Reserve has been sneakily — and illegally — purchasing stocks.
Citing Graham Summers, senior market strategist at Phoenix Capital Research:
For years now, I’ve noted that anytime stocks began to break down, “someone” has suddenly intervened to stop the market from cratering…
[And] a year ago, I noticed that the market was behaving in very strange ways.
The markets would open sharply DOWN. Seeing this, I would begin buying puts (options trades that profit when something falls) on various securities, particularly those that had been experiencing pronounced weakness the day before.
Then, suddenly and without any warning, ALL of those securities would suddenly ERUPT higher.
Mr. Summers theorized that the Federal Reserve was purchasing Microsoft, Apple, Alphabet (Google) and Amazon stock.
Because these behemoths wield such vast heft, they can haul the overall market higher.
Did the Federal Reserve possibly resort to the same skullduggery today?
EXACTLY!!!!!!!!!!!!!!!!!!!!!!!!!!! Glad to see someone that sees this and says something,,,,,,,,,,,
The Smoking Gun?
At 3:08 we noticed the Dow Jones flashing 25,268 — another whaling to conclude the week.
We next looked in shortly after 4 to tally the final damage.
Yet we were astonished to discover the index had surged to 25,938 in that hour.
For emphasis: That is a 670-point spree in the span of one hour.
It settled down to 25, 864 by closing whistle. But the index closed the day only 256 points in red — a victory of sorts.
What happened?
A quick look at Apple revealed it began rising around 3 o’clock… as if by an invisible hand.
Microsoft displayed a nearly identical pattern. And Amazon. And Google.
All mysteriously jumped at 3 p.m.
We leave you to your own conclusions.
A Record of Mischief
It’s long been argued that the Fed shouldn’t and doesn’t buy stocks.
However, the fact is that the Fed does a lot of things it’s not supposed to do. According to the Fed’s own mandates, it should never monetize the debt by printing money to buy debt securities.
The Fed’s already done that to the tune of over $3.5 TRILLION.
Moreover, we know from Fed minutes that as far back as 2012, the Fed was shorting the Volatility Index (VIX) via futures, or options. Here again, this runs completely contrary to the Fed’s official mandate. And if you think this is conspiracy theory, consider that it was current Fed Chair Jerome Powell who admitted the Fed was doing this!
Simply put, the Fed has been skirting its mandate for years in the name of “maintaining financial stability.” In fact, what usually happens is the Fed does things it shouldn’t, denies it for years and then finally admits the truth years later, by which point no one is outraged.
I believe the Fed is currently engaging in precisely such a practice when it comes to the outright rigging of the stock market today.
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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