1000 Point Drop In The Dow? This Is Just The Beginning…
By Giordano Bruno
Neithercorp Press - 5/13/2010
Anyone who has been following the fundamental underlying details of the economic downturn since 2007 recognizes that the mainstream financial media have regularly misreported facts in order to quell public concerns over the true magnitude of the collapse we are facing. More often, they choose to simply leave out certain details which might alert people to the greater problem, or underreport vital facts and hope that the truth is eventually buried by the gravity of the great “memory hole”. However, there are instances under which they will lie blatantly and outright about the state of the economy if a piece of information is highly damaging to the establishment. The 1000 point drop of May 6th was one of those instances.
Theories, most of them MSM fabrications, abound in the trading community over this recent event. The shock of such a drop in the market has given many analysts ‘tunnel vision’, and blinded them to the bigger picture. A 1000 point loss in the Dow is certainly a historical event, but in contrast with the whole of what we now face, it is only a symptom, a footnote. It is common for investors and even people with little concern for markets to see what they want to see when it comes to economics. Strong fair trade is the lifeblood of any society. No one wants to believe that they are in the midst of a financial freefall, and some will ignore the obvious until the world comes crashing down around their ears. People fear economic uncertainty more than they fear war, and denial is always pervasive in any culture facing such calamities as depression, or hyperinflation. We WANT to believe economic lies. We want “comfort”, not truth.
In this article, we will ignore comfort. We will set aside what we might wish to see, what we know others want to hear, and examine only the facts, which is something Americans should have been doing years ago, before the collapse ever began. Only by admitting that there is a serious problem, and examining the fundamentals at the heart of that problem, will we ever be able to fix the problem, or at least prepare for its consequences.
