Ethan Huff – Natural News Aug 6, 2024
The media is scrambling for excuses to explain away the stock market cratering event that occurred on August 5.
America woke up to blood-red U.S. markets on Monday after Asian and European markets plummeted hours earlier. We are told that “weak economic data last week” is to blame, as is “Friday’s soft U.S. payrolls report” – as if anything that happens with the money system is based on “data” and “reports.”
As the markets were plummeting, Joe Biden, who is still said to be president, took to X to brag about how many billions of dollars’ worth of student loans he has written off in recent years.
Billionaire stock tycoon Warren Buffett, 93, sold 50 percent of his fund’s Apple stock just before Black Monday, though he still reportedly lost $15 billion from his immense fortune due to the crash.
The powers that be (TPTB) are finally using the word recession to describe the situation, though the truth is that things are already far past that stage if you peel back the layers.
(Related: Did you know that Germany is in a death spiral due to its failed “green economic miracle” escapades?)
Wall Street “fear gauge” jumps to highest level since covid
The last time the U.S. stock market saw carnage this dramatic was in early 2020 right when the government was unleashing the Wuhan coronavirus (covid-19) “pandemic.”
Stocks plummeted under Donald Trump in early 2020 right before TPTB forced everyone to become a recluse while mandating that the public wear a mask and live in fear. Then came all the “pandemic” measures, which propped the markets right back up and beyond where they started.
The CBOE Volatility Index, also known as VIX, reached its highest level in four years on Monday, the last time it was this high being when TPTB shut down the entire economy due to “covid.”
“Since early 2020, the VIX has been stable – never closing above 40,” one media outlet reported. “The VIX jumped to a high of 65.73, up about 42 points from its close on Friday.”
Joe Tigay, a portfolio manager at the Rational Equity Armor Fund, commented that he felt perplexed at what he saw occur with the markets on Monday.
“This is very, very unusual,” he said.
“It was just too long of a period where stocks were going up and there was just the assumption that all they have to do is just wait, and then they’ll go higher at some point. At some point that snaps out of reality.”
Other financial workers are out there trying to quell fears of a much greater crash to come by encouraging people to scrape up their pennies and “buy the dip,” as if the lines will eventually go right back up and beyond like they usually do.
One of the companies that saw its stock plummet on Monday was Google, which lost a major federal antitrust lawsuit. The world now knows that Google used illegal practices to maintain a search engine monopoly in violation of the law.
Conveniently for Wall Street crooks, all major U.S. brokerages went down at the same time in Monday pre-trading, effectively stopping retail investors from selling and taking profits.
“Ironic how companies go ‘down’ when the markets soar or decline sharply,” one person wrote on X about how obvious the scam truly is. “Very telling to how they feel about the people.”
“I’m sure the average American will take the hit while the elites just keep rolling.”
How much longer will it be before Americans are standing in bread lines spending an entire day’s wages on a single loaf? Find out more at Collapse.news.
Sources for this article include:
WHO WAS RED ROBBO ?
Derek Robinson was the man behind 523 strikes in the British car industry and by the 1970s had become the main spokesman for more than 40 plants operated by British Leyland. But the car giant had been hit hard by post-war economic struggles and due to over taxation went from being the ” British Motor Corporation ” to Austin Rover to British Leyland By 1975, it had been bailed out by the government, which now owned 95% of it. Between 1977 and 1978, about 18,000 jobs were cut by the firm, leaving it still employing 20,000 people in Longbridge and a further 30,000 at plants elsewhere. He stood as a Communist candidate in four consecutive general elections in Birmingham, Northfield between 1966 and 1974.
Mrs Thatcher as Prime Minister called him a ” notorious agitator”
Mrs Thatcher was not who we were told she was, she stood in 1959 in the Jewish constituency of Finchley
she stood no chance as jews only vote for other jews, but the synagogues were saying vote for her,
“The true Blue” Maggie Thatcher immediately embarked on some very left wing policies, her war to retake the Falklands
was not for reasons given, no war is ever fought on the truth, the real reason was her benefactor Lord Rothschild owned all the under sea oil and mineral wealth in the area, and he wanted it back
Similarly Thatcher closed down and exported all our heavy industry, ship building motor and motorbike manufacture the mines etc
and slapped heavy VAT on small industries thus closing a vast amount of small family businesses in true socialist fashion
all this was exported mainly to China as Rothschild demanded.
Red Robbo was said to be working for Rothschilds in the UK for his communist agenda in tandem with Maggie Thatcher
Now, Allan Johnston was a royal mail union rep who was approached by Peter Mandelson who wanted to sack 30 000 postmen
and bring in machine sorting, Allan johnston flatly refused, within a few months machine sorting was brought in and Mandelson
finessed a job in the Labour government for Johnston, 30 000 men thrown out of work a good prize for socialism
Mandelson was then exposed in French news papers in the disgusting homosexual game of Felching, which is highly condemned by the RSPCA, so rothschild then imported the Milliband brothers and tried to get them to take over his labour party
the Labour party members refused to have 2 foreign jews parachuted in, so the millipedes were replaced with a blonde anglo saxon looking Boris Johnston, who as a Fake tory gave millions and milions of our money to Ukraine
There is a saying that “no matter who you vote for the government always gets in”
Labour tory and lib dems are all owned by rothschild.
As Lord Victor Rothschild said back in the 1930s ” by the year 2000 Britain will be communist, it may not be called that
but thats what it will be ” unquote
Make no mistake Kier Starmer serves Rothschild, he is as big a traitor to the UK as Tony Blair or Winston Churchill
so is Tommy Robinson in the pay of the jew to create discord with the Muslims imported in ?
absolutely 100% as the jewish MI 5 chief Malcolm Rifkind known as Malcolm the poof to his friends said
” there will be great unrest in the UK as we fil the country with Refugees, but breaking down the British psyche is essetital ”
In the end we will remember not the words of our enemies but the silence of our friends .
These are the very generous payments to migrants that are over and above what we get
https://facts4eu.org/news/2024_aug_uk_migrant_crisis_I
One of my Harwich neighbours was complaining about an Afghan woman he
had chatted to and found out she had been given accommodation just up
the road for her and her son. She does not work.
I know of a Ukrainian woman who has recently been given a new build in
the Cambridge area. She has two children and does not work.
+Now I know where my taxes are going. I am just about supporting that
family of four mentioned in the link. No wonder illegals come to
England rather than stay in France.
Most folk voted for Brexit so we would be free of EU bankers rules to take in all these people
I recently paid my interim tax bill and have to get all the docs
together for self assessment for 23-24. I am a mug.
Buffet sold his stock and someone else bought it, so there is no net change overall
“The media is scrambling for excuses to explain away the stock market cratering event that occurred on August 5.”
No, it’s just jews manipulating the “stock” market as they have always one. It’s one of their little toys after all.
“Billionaire stock tycoon Warren Buffett, 93, sold 50 percent of his fund’s Apple stock just before Black Monday,…”
You’d think at 93 that that old fool would have something better to do.
It was always bound to happen with fiat currency, especially after it was no longer backed by gold or silver or some other valuable commodity. Relying on the integrity of politicians to not run the printers and eventually produce quintillibazillions of it was never going to happen. Those who owned a vital industry to earn fortunes from the public purse, and then corrupt the system to become uber-rich, could never become multi-billionaires and run the world otherwise because there’s just not enough gold, silver and platinum to print off those astronomical volumes of money if it remained pegged to precious metals. If it was pegged to salt maybe it could be done, but not to anything valuable and limited in supply.
Printed money has got us here and it will end in tears for all of us, even though most of us could never earn much of a share of it even when it was being run-off like wallpaper. Had we all been able to earn a share of it enough to live on, it would have altered the value of the money (maybe we’d be paying £100 for a loaf of bread etc) but by regular devaluation of the currency we might have been able to keep it chugging along a bit longer–but so many of us have so little while so few of them have all the rest. There is no saving that because ultimately it doesn’t. Fucking. Work.
In another comment on here today, I’ve gone into detail.
As a rule, nothing happens on the financial markets during August. The bankers are generally on holiday for the entire month, and this was the case when we had a major financial wobble in August 2007, one year before the 2008 financial collapse.
“It was just too long of a period where stocks were going up and there was just the assumption that all they have to do is just wait, and then they’ll go higher at some point. At some point that snaps out of reality.”
The thing is, they watch their rigged data, and read misleading reports. There skill sets are set to interpret what’s in front of them. They don’t have the ability to read between the lines.
I knew the big investment banks were having problems moving debt off their books in 2006. Remember, debt is an asset, someone is supposed to pay it back with interest. Debt as a rule, would return £3/4 pounds for every pound lent. For over 20 years, every £ lent, hasn’t even made a pound in return. This is because globalisation causes deinflation, so they’ve used sanctions, rigged prices and higher taxes, to force inflation up. But now the debt burden is about to take off, and so will inflation. Not the inflation over the last 16 years, but mega high inflation.
At the moment, the US spends the same on interest as it does on its military. By 2030, this will easily hit a three fold increase. Nazi Amerika is in deeeep shit, and it’s a mess that’s going to affect everyone.