- There is no doubt the Fed and the PPT [Plunge Protection
Team] are meeting right now. A drop of over 300 points on the Dow
after the Chairman of the Federal Reserve speaks publicly presages a 1000
point break in the Dow Jones Industrial Average coming quite
quickly, if not tomorrow.
-
- Unless the equity markets can be calmed, a panic is about
to happen, making the statement "This is it" a horrible reality.
-
- If the equity markets cannot be calmed then:
-
- Recognize this is the Formula happening like everything
else much sooner and much bigger in its implications than anticipated.
Gold will rise to $1650 as an almost immediate effect of what will be done
to attempt to fend off a total panic starting to take place in general
equities, therein threatening to be followed by all credit markets of all
kinds. The funds and hotshot short term traders in gold shares will be
killed by the upward explosion of the gold price about to occur.
-
- The PPT and the Fed will step out of gold's way because
gold is one of the tools used in 1930 by Roosevelt and in 2000 by Bush.
It will be used again now on the upside. Gold is the only insurance there
is against what all this means because a panic in equities will blow the
financial system, already coming apart, to smithereens. All country funds
would shut down on any further investments in "at the wall" financial
institutions. The rollover in credit and default derivatives would exceed
the entire foreign debt of the USA. The rest of the $450 trillion dollar
mountain of derivatives would start a disintegration like nothing you have
every seen in your lifetime.
-
- Consumer demand would slam shut. The auto industry might
as well go into liquidation this coming Monday, avoiding the June 2008
rush. The US dollar would burn a hole in the floor going directly to .5200
or lower. As the dollar disintegrates gold would rocket to and through
$1650 in days. The markets for general equities would all have to institute
total trading halts every 100 points on the downside for 30 minutes each.
All commercial call loans would be called. All debtors one day late on
any payment, lacking grace period, would be liquidated. All debtors over
one day of the grace period would be liquidated. It is clearly visible
to anyone with eyes or a mind to think that the PPT has lost all semblance
of control in the equity markets and will soon in all remaining markets.
The commercial paper credit market which is almost dead will die totally.
Should no emergency action take place soon, you will see an old fashioned
panic of the 1929 variety. Just as emotional fools sell gold and gold shares,
be assured that more emotional general equity fools will unload and bring
the averages down more than ever in history in one day.
-
- Recognize this is the Formula happening like everything
else much sooner and much bigger in its implications than anticipated.
Emergency action will be all splash and theatrics but truthfully the cat
is out of the bag. It buys some time but corrects nothing. It makes the
Formula 100% correct. There now must be EMERGENCY ACTION because the Chairman
of the Fed has BOMBED OUT PUBLICLY and a PANIC is about to occur. Expect
EMERGENCY ACTION in days, not weeks.
-
- If you have not protected yourself, you may only have
days to do so now.
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- <http://jsmineset.com/>http://jsmineset.com/
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