Dow Jones Industrial Average
Reaches All-Time High
March 5, 2013 4:33 PM EDT
... __ 14,253.77 __ ...
Would anyone care to hazard a guess
as to why this should be so given current economic conditions?
Could it possibly be related to this video?
Could it possibly be related to this video?
Examine the following link for White House reaction:
I for one salute you for this post, FT. This testimony comes from a man who has seen evil as it stalks an unsuspecting people, with an intent to impose the chains of collectivist slavery upon the masses.ReplyDelete
I've seen the interview several times previously and watched it in its entirety here again. There is much to learn from Norman Dodd as he exposes his findings in the minutes of the Carnegie Foundation and the Ford Foundation, with their intent to "change the country fundamentally". The surest way being decided was through war. World War I soon followed and America was finagled and hoodwinked into it by President Woodrow Wilson; the President elected because he kept America out of the war(sic).
Way back in the early days of the conspiracy it was decided that control of the State Department was essential and that control of the country's diplomats was necessary. This could best be accomplished by controlling education.
Mr. Dodd didn't mention that at this time the power over the financial system was imposed by creating the Federal Reserves in 1913 and imposing a national income tax became necessary to force payment of funds back to the central bank through the IRS of the government.
As Mr Dodd clearly says the vision of the conspirators was/is: "collectivism administered with American efficiency".
Good bye Founding Fathers it was a great country while it lasted. As the ideas of the likes of Colonel Edward Mandel House and his CFR apparatus continue.
Very very glad you watched the video, WAYLON, and saw fit to comment. I too have been "onto" this situation for quite a few years.ReplyDelete
Most of the time, whenever I refer to anything that smacks of The New World Order, the Oligarchs, the Illuminati, etc. I am either ignored or hooted at in derision more or lessequally by participants from the right as well as the left.
NO ONE WANTS to BELIEVE this.
So, even when confronted with the confessions of the likes of David Rockefeller [Did he -- or will he -- ever die?] and pertinent quotations from the writings and speeches of myriad others, scornful shouts of "CONSPIRACY NUTS!" "Glenn Beck!" "Jerome Corsi!" "GO PUT IN YOUR TINFOIL HAT! and "WHERE'S YOUR PROOF? THIS is ALL NOTHING BUT UNSUBSTANTIATED CONJECTURE -- JUST GOSSIP." ring out through cyberspace.
Unpleasant truths are so vastly incredible much of the time, they're almost impossible to counteract.
It's also too bad that -- like The Federalist Papers, and other material of true significance -- this material is -- shall we say? -- less-than entertaining.
Videos along these lines by Charlotte Isserbyt (pronounced IZZERBEE, I believe) will be coming soon.
We may never be able to win, but we must continue to fight.
Have you ever considered that perhaps world government might not be such a bad thing?ReplyDelete
Granted, humans are very, very far from being able to adhere to a common purpose of humanity, but this is very similar to the notion of the Articles of Confederation.
The United States could never have survived as a loose confederation of little nation-states. In this case, I don't think HUMANITY can survive so long as we are a severely fractured species.
The common purpose would be the preservation and propogation of the human species into the future.
If the entire world's resources could be devoted to colonizing Mars, for example, we could have legitimate colonies up and running within the next 10 years.
This isn't a dream of utopia, just trying to keep thinking forward instead of backward. If you divorce yourself from the book of Revelations that denounces world government and what not, then I think many would realize it's the next phase of human intellectual/politial evolution.
What if Revelations is allegory? Think about it.
"you ever considered that perhaps world government might not be such a bad thing?"ReplyDelete
Yes! Of course. Let's throw over the far-removed bastards in Washington for even further-removed, unelected bastards.
What a wonderful idea.
Would anyone care to hazard a guessReplyDelete
as to why this should be so given current economic conditions?
Because the investing class has a shitpile of money. That's freaking obvious.
Should give you folks some idea who constitutes the present world government.ReplyDelete
So who exactly would be "the investing class"?ReplyDelete
As far as I can tell the central bankers of the world control every counry's economy. Since the American Federal reserve is the biggest central bank with the biggest influence in the world, I'd say that it is the biggest manipulator of all things economic from interest rates, the currencies, the commodity markets including gold and oil.
Is there actually a "market" never mind a "free market" which hasn't existed since the birth of the Federal Reserve? Any "investor" today is at the mercy of the biggest market manipulators since it is they who have fed funds pumped into their coffers and are essentially a salve of the central bank.
Way back in the early 1930's Norman Dodd was told by these bloody liars and thieves that the era of sound banking was over. So what would you call what we have in place today, if it was that bad way back when?
"Money" by itself is NOTHING. It's only what you DO with it that matters.ReplyDelete
I am a member of the investor class, myself. Every cent I get comes from stocks, bonds and real estate. ALL of it is constantly at risk. Except the weeny little pittance I get from Social Security ever cent of which gets confiscated in taxes each year anyway. SS is the biggest goddam ripoff in history.
The central bankers have seen to it that every dollar I own is worth less than FIVE-PERCENT of what it was worth in my grandfather's day.
I don't call that "progress," I call that CORRUPTION and INSANITY.
You once said you were worth three million, Ducks. If true, that makes you part of the problem -- as you, apparently, define it.
So, when are you going to be true to your ideals and turn the whole pile over to Uncle Sam -- or better yet -- Uncle Nelson -- as in Mendela?
Get ahead of the curve guys, take a vow of poverty, sell all you have, give it to the poor, and become a mendicant. Save enough to buy yourself a saffron robe before you do. Even in tatters you're bound to stand out in a crowd.
Hare Krishna! Hallelujah!
Welcome to Bullshitonia, the Land of the Duped, the Damned, and the Depraved.
So who exactly would be "the investing class"?ReplyDelete
People who make enormous sums moving money around, which is a huge part of the American economy, moving the money around.
The Randoid fools call them job creators.
Currently listening to the Grand Canyon Suit, thank you FT!ReplyDelete
I have been under the impression that the market has doubled in the last five years because the Feds have kept interest rates at zero, and will continue to do so.
With reat estate prices rising across the country at 10% or more in many states, how long could wise guys (read, savy, liquid investers) stay on the side lines. Where else could they put their money? Bonds?
But now mom and pop, joe public, are about to enter. Again, the last folks into a pyramid scheme.
Another 5-6% increase and the market will lose a third of it's value and then they will eat shit and die; again at 10,000.
The wounds have not even healed from '08 and '09. The football will be pulled back again. And the beat goes on.
Does the Dow Jones average co=relate well to the economic health of the country? Do those thirty companies represent something that the average man on the street can say he's better today than yesterday because the Dow Jones average set a new record closing high? Is it a gain in real wealth just because a conveyor belt of created printed money from the central bank lands in the accounts of the banks that are members of the Federal Reserve banking system?ReplyDelete
Are the low interest rates that have existed for several years an accident or is there more to this? Have those low interest rates seriously affected long term plans of any prudent individuals who may have been accumulating a savings for say ... retirement? Are interest rates cyclical and wouldn't it be prudent to expect them to rise again, as they have seemingly done always in the past, when more money was created and interest rates held relatively low for shorter periods of time?
If you can honestly answer yes to the above questions, then you are definitely a 'glass half full' type of person. Drink your kool-aide and stayed tuned to the market cheerleaders of CNBC and Mad Money in particular.
A better gauge of what is happening on a broader scale would be to look what has happened to individuals' lives over the last few years, especially since the turn of the century.
Ducky, what does a communoid call 'kapital', central banking?
You said about the stock market: now mom and pop, joe public, are about to enter. Again, the last folks into a pyramid scheme.
Another 5-6% increase and the market will lose a third of it's value and then they will eat shit and die
I agree that the government and others are trying to force people into the stock market.
I have the following take:
Such a move will result in the loss of monies invested -- to the point that college tuition planned for will be dead in the water, thus forcing potential students to contract a debt that they will not be able to pay except, possibly, over a lifetime.
That's one group falling into the trap.
The other: those over 55 trying to fund their Golden Years.
Welcome to the new world order!
I hope to watch the video today -- in between sessions of shoveling out. Heavy wet snowfall here today. Shoveling is going to be a miserable task. Ugh.
Good morning, AIW,ReplyDelete
I'm concerned about your trying to shovel heavy wet snow since you once said you have back troubles.
I know you're a sensible woman, but please take this advice:
1. Don't try to put more than an inch on each shovelful.
2. Work from the top down, of course, and take it very very slowly.
3. Keep your knees bent a little every time you lift the shovel.
4. Take frequent breaks.
If you follow this sage advice, you may spare yourself considerable grief.
Take it from Old FT, who knows.
Hi, KP! Glad to see you back. Been a while... We've missed you.ReplyDelete
I'm a great believer in the stock market, but it's no way to get rich quick. Though I hate to say it, if anyone waits till his mid-fifties to start saving and investing for retirement, it's probably too late.
Every chart I've ever seen indicates the stock and bond market has overall done nothing but RISE in value since the Dow Jones Industrial Average and other tracking devices were created.
The steady rise makes a line full of jagged peaks and valleys, of course, but the overall momentum underlying the movement has been a basic upward thrust.
Even The Great Depression -- admittedly a horrifying period that wrecked many lives or smashed many dreams -- looks far less significant when viewed as part of the entire investment picture over a one-hundred year period.
Everyone should start saving a small percentage of his pay, and every other cent he can get his hands on -- no matter how low the pay -- from the very beginning of his working-earning life.ReplyDelete
It's amazing how much one can amass over a forty-year period with the application of iron-willed self discipline. Of course savings accounts and short-term government bonds -- the safest investments -- pay little or no interest these days, so it's better put money in good solid "blue chip" companies that pay lower dividends, but end to hold their value. This requires some study.
"Hot stocks" are not for the small investor. If anyone approaches you with a get-rich-quick scheme, avoid him like the plague. You'd probably have better luck playing the horses.
One should also buy a house asap. These last few years after the housing market collapsed has been an excellent time to buy in. mortgage rates are at an all-time-low right now -- lower than post-WWII rates as a matter of fact.
I, for instance, bought a nice 1200-square foot place last summer with a beautiful layout on a big, nicely landscaped corner lot last year for 50K. It's previous owner had paid 190K just four years before, found himself upside down in deep water and had to let the place go. It stood empty for several years till I got it for about 30% of its last sold price. I can't feel guilty about taking advantage of another's misfortune, because I had nothing to do with creating the conditions that led to his downfall. The Oligarchs did that as far as i can tell.
I had to put 30K into it in addition to the asking price to make it habitable, of course, but that included a new roof, new heating and air-conditioning system, upgrading the panel box, replacing all the sockets and switches, a new, reconfigured kitchen, new bathroom, installation of ceramic tile floors in each utility area, removal of awkwardly placed, poorly-designed, badly made built-ins, patching all the resultant scars including the laminate flooring which we were lucky to have on hand from removal in the kitchen and bath, complete resurfacing of all closets, creation of a laundry room from a former hall closet, complete renovation of each closet, complete patching and resurfacing of all interior walls and ceilings, matching and patching missing bits of woodwork, addition of crown moldings, and a complete redecoration of the interior.
The house now has an estimated value of 110-120K, so I've already made a potential profit of 30-50K in just six months.
I started buying, redoing and selling junk real estate with "good bones" back in the mid-seventies. I have a knack for interior design and landscaping, I guess, -- thanks to my Mom and Dad who were very big on House and Garden. It's tedious, suspenseful, work fraught with risk and many unforeseen complications, but as each project gets completed, it's one of the most rewarding occupations imaginable. I cleared half a million dollars in twelve years after starting with a 20K investment.
The trick, I guess, is not to bite off more than you can chew, and to keep your goals modest and well within reach.
I have to admit I've been lucky too. Someone Up There must like me -- or possibly pity me. He's said to be very good at protecting fools, unless they're greedy fools.
I've always done this sort of thing primarily for the love of it. For me home renovation is a great adventure.
The government didn't start taxing interest on savings accounts till the 1950's. Naturally, that has had a deleterious effect on savings and a dampening effect on potential small investors, all of which has led to the devil-may-care buy-now-pay-later mentality that's currently doing us in.ReplyDelete
The power to tax is the power to destroy.
Government doesn't CREATE prosperity, it assaults it, rapes it, tortures and eventually kills it.
Since 1913 Our Government has been Our Enemy.
The NON REACTION from the White House to the new Record High in the Dow is amusing. It doesn't serve their "Sky Is Falling" propaganda very well-if at all, so they're "playing ostrich" like the sneaky, deceitful, creepy, malevolently manipulative bastards they are.ReplyDelete
You'd think they'd be out front cheering themselves hoarse claiming credit for The Great Success of King Barack.
But like all true leftists they hate success, unless it's THEIR success in accruing greater power unto themselves while usurping and limiting more and more of the peoples' prerogatives.
FT, you need to be patient for politicians to embrace the stock market, if it rises during their term in office, they will embrace it as a reminder that their term was "good for the country".ReplyDelete
It sounds like you've done well in real estate and investments. But I'm sure you know the stock market is a fickle thing, especially if you fall in love with any particular stock. What's good for General Motors may be good for General Motors but it ain't necessarily good for the country. The fate of GM during the last "financial crisis" proves that General Motors knows what's good for it, even if it has to become Government Motors to do it.
Great story FT, thanks for sharing it and continued success to you!ReplyDelete
FT, I can't comment on your post, but I just have to say that I love the way you communicate. You left such a thoughtful remark to AOW. It shows kindness and concern. Simple things like this help us more than we know. I'm off to set the table for a new friend and her little girl. They have dinner with us nearly every week, which is contributing to my sense of community and family.ReplyDelete
Thanks, Jen. You are too kind. I can't imagine why your comment showed up in our SPAM box, but that's where it landed. Good thing I checked this morning. I thought Word Verification and eliminating Anonymous Comments would eliminate SPAM completely.ReplyDelete
All man made systems are imperfect. ;-)
What you said about sharing dinner with your friends is right in line with a running theme in my philosophy, which boils down to: The more we do for others the better we feel about ourselves.
So much of the blogosphere is filled with screeching and the hurling of epithets.
FT sets a different tone. I'm grateful for it!
Well, thanks, AOW, but we get pretty fresh here every once in a while. I really just try to avoid clichés.ReplyDelete
Early schooling taught me to try ever to say the same thing exactly the same way twice.
Elementary school teachers -- and my parents -- were dedicated to daily expansion of vocabulary and were enthusiastic about colorful modes of expression.
In those days character and style were considered as important as content.
DULL! DULL! DULL!
There's a LOT more to living than the mere regurgitation of FACTS. ;-)
Today it's "Just the facts, please Sir."
"I can't feel guilty about taking advantage of another's misfortune, because I had nothing to do with creating the conditions that led to his downfall."ReplyDelete
Inflation in the housing market drives inflation in general (which you often complain about) and forces new home-owners in particular to borrow far more compared to their salary, exposing them to more risk. While median household income increased by 30% since 1990, the median house price increased by over 100%. (compared to mid-2000s)
Now, property developers such as yourself have something to do with inflation in house prices. On the individual scale perhaps the impact is usually not much, but the accumulated effect of many developers is notable. Why do we need oligarchs when we have people like you?
To be clear, I don't think you are wrong to feel innocent with respect to your recent seller; just wanted to point out that you can't act in a market without affecting it. An individual's contribution may be unnoticeable by itself, but that is not the same as zero.