‘Plunge protection’ behind market’s sudden recovery

Mysterious forces were trying their best, but they couldn’t keep the stock market from swooning Wednesday.

They failed in the morning, despite massive purchases of stock index futures contracts. Within minutes of the market’s opening, the Dow Jones industrial average was down 350 points. Later in the day — after a lot of shocking ebb and flow — the Dow bottomed out with a decline of 460 points.

It was only in the last hour of trading that the market saviors managed to trim the Dow loss to just 173 points. And they succeeded only after Janet Yellen’s private, upbeat remarks about the economy were leaked.

Welcome to a new kind of stock market — one that the average investor should refuse to be invested in. Continue reading

China Using Hong Kong’s Uprising for Its Own Crises?

In China, President Xi originally wanted to focus on the rule of law, aimed at eliminating corruption in the Communist Party and reforming the often overbearing state-owned enterprises. The center of the drama is not the streets of Hong Kong but in the hidden plots secretly unfolding in the corridors of power in Beijing. Who is using the students to undermine the enemy and buttress his position? The real target might be President Xi.

If Beijing were to crack down violently on the students, this could prove to the world that the 1989 repression in Tiananmen was not an isolated episode, almost an accident, as the official version practically goes, but a pattern of behavior unfit for a global superpower, and thus proof that China must be sanctioned and stopped. Continue reading

This Is What Northern California Looks Like After Earthquake

 

Residents of northern California woke up to cracked streets, homes on fire and crumbled buildings after a 6.0 magnitude earthquake hit the area about 3:20 a.m. local time early Sunday morning.

The earthquake’s epicenter was located about six miles south-southwest of Napa and 51 miles west-southwest of Sacramento. ABC News station KGO in San Francisco reported several fires and damaged buildings in Napa. More than 15,000 customers were without power, according to Pacific Gas and Electric Company. Continue reading

Friend and Foe

BERLIN/WASHINGTON (Own report) – New reports are confirming the close cooperation of the German Federal Intelligence Service (BND) with the National Security Agency (NSA). According to these reports, BND agents have repeatedly visited the NSA headquarters at Fort Meade to discuss technical issues. The NSA has also furnished the BND instruments for analyzing intercepted data. A former head of the Austrian intelligence service has confirmed that it was a “common understanding among all European intelligence services” to be “aware” of the NSA Prism surveillance program. Already years ago, officials of the US military have been quoted saying that the US military espionage center that is being established in the Hessian capital Wiesbaden – and that will reportedly also be used by the NSA – is destined to gather information “on the current situation of friend and foe, and everything that can influence our mission.” The German government has also admitted that the Western block’s cooperation of the intelligence services – which includes abduction and torture of suspects in the so-called war on terror – dates back to secret agreements between the leading NATO powers during the post-WW II decades. Continue reading