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EVIDENCE OF GOVERNMENT MANIPULATION OF THE STOCK MARKET - Dan Shaffer explains on Fox Business News (video and transcript)
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This Link is located in the Public Channel Housing Bubble and Bear Links.
Posted by ian 297 days ago (foxbusiness.com). Views: 12,775
Tags: bailout stock market wall street |
| Related Tags: finance stocks economics business video forbes credit crisis |
With 2 minutes 30 seconds remaining in the video, Dan Shaffer, President of Shaffer Asset Management, gives shocking evidence of direct government intervention in the stock market:
“Something strange happened during the last 7 or 8 weeks. Doreen you probably can concur on this -- there was a power underneath the market that kept holding it up and trading the futures. I watch the futures every day and every tick, and a tremendous amount of volume came in a several points during the last few weeks, when the market was just about ready to break, and it shot right up again. Usually toward the end of the day – it happened a week ago Friday, at 7 minutes to 4 o’clock, almost 100,000 S&P futures contracts were traded, and then in the last 5 minutes, up to 4 o’clock, another 100,000 contracts were traded, and lifted the Dow from being down 18 to up over 44 or 50 points in 7 minutes. That is 10 to 20 billion dollars to be able to move the market in such a way. Who has that kind of money to move this market?
On top of that, the market has rallied up during the stress test uncertainty and moved the bank stocks up, and the bank stocks issued secondaries – they issues stock – they raised capital into this rally. It was perfect text book setup of controlling the markets – now that the stock has been issued…” [interrupted by Richard Suttmeier].
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Why no investigation?
As this would be a crime of monumental proportion, I cannot help but ask why there is no investigation into what every American knows is happening?
Can the bankers and corrupted government actually buy off EVERY SINGLE PERSON at FBI and SEC, etc.?
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