First ask, “Who benefits by the current market meltdown?”, then dig this. Mike Huckabee on Neil Cavuto’s show on Fox just told the story of how he was handed a scenario from a high insider of the financial markets which lends this theory.
It goes like this: Every day for the last 12 days the market has tanked in the last hour of trading, except for last Friday. The only thing that could account for this unprecedented sell off could be a army of day traders flooding the market with orders to sell stocks causing a “panic’ which would – because of the late hour – give the market no time to recover.
“Tinfoil hat stuff?” Perhaps. But as I’ve personally found out by the now twice crashing of this blog, cyber hacking/terrorism as a reason for this unprecedented meltdown is warranted.
As soon as the video is up with Cavuto and Huckabee I’ll post it.
UPDATE: Here it is.
3 Responses
Marilyn
October 11th, 2008 at 4:27 pm
1This whole financial meltdown stinks to the high heavens like a Soros operation. Before he BECAME A POLITICAL ACTIVIST IN THE US HE WAS NOTED FOR HIS currency manipulation which brought down the currencies and economies in several SE Asian countries including Indonesia and Japan. At one time he was credited with almost dstroying the British Pound. The source of Soros wealth has always concerned me since he was a citizen of one of those communist controlled countries where the state owned everything when he first emerged as a currency manipulator. Where did a person who was born and bred in a country where nobody owned anything get the money to finance his currency manipulation career? My first guess is that he was an agent of the Soviet Union. Why he would settle in the US when he so obviously hates everything about us and our government is beyond me. I read that he once aspired to be a leader in the Soviet heirachy and studied Communism extensively for the effort. Since he failed there, it appears he thinks he can succeed here considering all the group thinkers created on our College campuses he has recruited into his cause.
brink
October 11th, 2008 at 8:07 pm
2When short sales were prohibited we still saw major selling. If terrorism was behind the market fall, one would expect that someone was placing massive sell orders meaning they would have to own shares and be selling into low prices. I am not sure how such massive manipulation could not be found out by the authorities starting with the SEC and FBI, nor how a terrorist would benefit without major financial losses. Interesting idea and very tempting to suspect the possibility. A money mgr friend of mine believes it could be possible as did Huckabee’s financial advisor friend. I DO believe that social engineering is the agenda of radical leftists who are using Barack Obama as their instrument with his gain being a nurturing of his narcissism—dangerous road for America’s culture and freedoms.
Ken
October 11th, 2008 at 9:27 pm
3Friday. Isn’t that Saturday in countries like Iran? And Saturday is a Holy day there, right? -Ken
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