Stock Market Is Rigged

The Wall Street Crash and the Great Depression

“The stock market is rigged.” Thus begins a New York Post article by John Crudele dated March 25, 2015. [1]

Crudele does not see it exactly as a bunch of pirates taking swag from the masses, but as a more subtle rigging. The “Federal Reserve won’t do anything that will upset Wall Street”; there is “rigging the market for a higher purpose”; S&P futures contracts are artificially incentivized for foreign central banks, via special discounts; and the companies whose shares are traded aggressively purchase their own stocks. [1]

My friend, the late Sherman H. Skolnick, reported a more nefarious situation. According to Skolnick, a “Counterfeit Reserve” had been tacitly allowed by the “Fed” to pour 800 billion dollars worth of fake U.S. currency into the world, “some of it coming back into the U.S.” These were not mere amateur counterfeiters but big time, connected operators. The fake dollars were used in part to temporarily support the U.S. stock markets. Skolnick suggested, in 2002, that “the highly corrupt, conspiratorial Federal Reserve” was, in essence, temporarily pumping up the U.S. markets using fake U.S. currency, secretly created by the U.S. Treasury. [2]

Maybe somewhere between Crudele and Skolnick lies the truth. Consistently over the years a “pump and dump” scheme has been alleged. In this scenario, the big boys pump immense cash into the stock market. This lures in the suckers, who see the amazing rise in stocks and want to get in on the action. Once the mom-and-pop money has been lured in, the big boys dump: they sell the inflated stocks at a tidy profit and get out before the crash.

“There might be a train wreck ahead,” reports John Morgan of Newsmax Finance. The corporate first-quarter 2015 results aren’t looking so good. There have been alarmingly dramatic negative revisions for 2015 Q1. Since only mid-December 2014, the forecast of total earnings for stocks has gone from +5 percent to -5.2 percent. [3]

Ask yourself this: the “news” for years now has been saying we are in a recovery, yet the “Fed” has kept the interest rates near zero throughout this so-called “recovery” – what kind of recovery is it where the “Fed” keeps interest rates near zero?

Not to take sides about the controversial President Barack Obama, but his “legacy” could be he is remembered as “the zero percent president.”

In Illinois, the “recovery” is about to take the form of austerity measures. Here, the Chicago and State politics are legendary for corruption. See for example the books (1) Chicago: City on the Make, by Nelson Algren; (2) Boss, by Mike Royko; (3) Clout, by Len O’Connor. One of these persons, Mike Royko, gave Chicago its unofficial motto: “Ubi Est Mea — Where’s mine?” Chicago is the tail which wags the dog in Illinois: What Chicago says goes. (See the TV series “Boss” starring Kelsey Grammer as Tom Kane, the mayor of Chicago, if you don’t believe me.)

Nearby Indiana is famous for having almost enacted, in 1897, the “Indiana Pi Bill.” This was an attempt to establish mathematical truth by legislative fiat. The bill implied various incorrect values for Pi, the ratio between the circumference of a circle and its diameter. In Indiana, by law, Pi almost got made into 3.2! [4] Here in Illinois, a sort of “Pi Bill” has also been enacted: Section 5, Article XIII of the Constitution of the State of Illinois decrees:

Membership in any pension or retirement system of the State, any unit of local government or school district, or any agency or instrumentality thereof, shall be an enforceable contractual relationship, the benefits of which shall not be diminished or impaired.

But what if there is simply no money? Can the law defy reality? That is among the major issues now faced by Illinois.

Chicago is the tail which wags the “dog” Illinois. A run-off mayoral election looms on April 7th. “Unless I am re-elected, the bond markets will lose confidence!” insinuates Mayor Rahm Emanuel, thereby increasing the overall fear for his own personal benefit. Rahm Emanuel is being challenged by no less than Jesus, slyly commented Jim Hightower, meaning that Jesus “Chuy” Garcia also seeks the mayorship.

——- Sources ——-
[1] “Stock market rigging is no longer a ‘conspiracy theory'”, by John Crudele. New York Post (online), March 25, 2015.
[2] “Counterfeit Reserve”, by Sherman Skolnick. November 29, 2002.
[3] “USA Today: The Emerging Portrait of Q1 Earnings Could Be Dismal”, by John Morgan. Newsmax, March 26, 2015.
[4] “Indiana Pi Bill”, Wikipedia, March 27, 2015.


About ersjdamoo

Editor of Conspiracy Nation, later renamed Melchizedek Communique. Close associate of the late Sherman H. Skolnick. Jack of all trades, master of none. Sagittarius, with Sagittarius rising. I'm not a bum, I'm a philosopher.
This entry was posted in Uncategorized and tagged , , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s