U.S. stocks are falling again following a massive plunge at the end of the last week amidst signs that the “sucker’s rally” we warned about back in May could now be unwinding, in line with the Bilderberg Group’s 2009 agenda.
The Dow Jones is down by around 0.6% at time of writing following a significant fall of around 2.6% on Thursday. There was no trading on Friday due to the July 4th national holiday.
“U.S. stocks have fallen for three straight weeks, the longest losing streak since March, on concern deeper-than- estimated job cuts and a drop in consumer confidence will prolong the recession,” reports Bloomberg.
The S&P 500 has also slumped by 6% over the last few weeks and oil prices have tumbled.
As we reported in early May, when establishment financial analysts were euphoric about an apparent economic and stock market recovery, Bilderberg’s leaked agenda for their 2009 meeting in Greece spelled out how investors were being suckered into plowing their money back into a stock market that was yet to hit a bottom.
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We warned that investors were being, “Whipped up into a false state of euphoria by the belief that the economy is recovering,” and that people were “being suckered into ploughing their money back into the system as a set up for “massive losses and searing financial pain in the months ahead” (according to investigative journalist Daniel Estulin) as the stock market reverses its uptrend and plummets to new lows.”
Veteran investor Jim Rogers echoed that call during an appearance on CNBC when he told the Squawk Box Asia show, “I’m not buying shares if that’s what you mean. Not at all….the bottom will probably come later this year, next year, who knows when.”
In addition, unemployment figures that have outstripped the Obama administration’s expectations have also come to pass, with the unemployment rate currently at around 9.5%. This is also in line with Daniel Estulin’s forecast, based on what Bilderberg members were saying, that unemployment figures would be at 14% by the end of this year, a prediction made when the figure stood at 8.1%.
As we have previously highlighted, the real unemployment numbers are in reality almost double those announced, because the way in which the statistics are tallied is deliberately fudged in order to artificially lower the figure. Current methods of tallying unemployment figures do not even take into account workers who have stopped looking for work. If a worker becomes discouraged after being unable to find a job and stops looking, they disappear from the official record.
It remains to be seen whether the suckers will still be enticed to plough more money into a rigged game before the plug is pulled, but indications are that we could already be seeing the next down leg in the stock market and the economy in general.
Chart: Dow Jones Industrial Average since the beginning of the economic collapse.
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