The Gizmo. The wuzzit that the Fed and Treasury are pulling behind the scenes to cover-up the onset of the Great Depression II.

They've been using the Gizmo to pull the Market out of declines, using YOUR MONEY. But they have been sly about it - until today.

The "Plunge Recovery Team" purchases stocks and futures (on index options) to bolster a crashing market. This time, they did it - and tipped their hand.

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They implemented the Gizmo twice during the course of the day.

The first time was at 10:45 AM. The market had been open almost three hours, and had dropped to 9,760 after opening at 10,314 - about a five hundred point drop (two hundred points an hour.) This was looking to wind up the day with losses in excess of 1200 points - or over 14% in one day, a true Black Monday. (In 1987, the market lost 22.6% in one day, and in 1929, on the one-two punch which heralded the Great Depression, the stock market suffered a record one-day loss of around 13 percent, and on the next day,Black Tuesday, the market suffered a loss of about 12 percent.) They flooded the market with US funds from the Fed and/or the Treasury, and the market jerked up to 9900. It then began a slow drift down again.

The second time was at 2:45 PM. The market was at 9500 - an eight hundred point drop - just over an hour until close, and was showing signs of rout. Once again, the day's losses looked to be in excess of 1200 points.

This time, a slug of money TWICE the size of the morning slug was pumped into the NYSE - and it responded by jumping up to 10,000 before settling down to its final close at about 9900

The US pumped an unknown amount of public cash - taxpayer cash - into the Stock Market. The Government gave a dose of money in the morning, and a double-dose or triple-dose in the afternoon.

According to the free market, stocks are worth what they trade for on the market. If the US steps in as buyer, offering money that nobody else will for that stock - we are by definition paying an excessively high price for the stock. You and I made some involuntary bad investments today - so that other people's bad investments wouldn't drive their investment houses further into the red.

Anyone who thinks this is capitalism - it isn't. It's charity to the mega-rich by the taxpayer.

The point of this whole thing is - if you look at the events that occurred right at the time points, you can figure out HOW THE GIZMO WORKS - how the Fed/Treasury is manipulating the Stock Market.

Anyone wanna try?

It looks to me like Bush's constituency, The Haves and the Have-Mores, are cashing out of the country before the November election and high-tailing it over to Dubai or Villefranche or Paraguay. I wonder how much of this is streaming out to numbered accounts in Dubai/Lichtenstein/The Caymans/Luxembourg/Jersey. Can you say capital flight? I was watching MSNBC as it hit -800 about 1/2 hour before the close and then it went up to -500 then they cut away from the numbers. I was really surprised that it was only down -400 at the close. Where are the Red Brigades when we need them?

They're covering their losses with OUR money.

The Gizmo appeared on the Nikkei at about 9:30 AM The reason in this case was clear - Australia shaved 1% off its interest rate. The Nikkei is still in negative territory - we'll see how it comes up.

It will come back near even, eye-betcha (wink-wink)!

link.

Unlike the Sucker of Last Resort (i.e. YOU) the Chinese are tight with a dime, and aren't gonna give us back last year's Xmas Money we spent on the Discover Card - without making us scream. Wonder what they're gonna ask for the Statue of Liberty.

And every time they pump in money created out of thin air, they devalue the currency, thereby making things worse.

WE NEED TO ABOLISH THE FEDERAL RESERVE.

We should have gotten the Fed before the Category 5 hit us.

The Gizmo is set to go off today. The Japanese Stock Market just sh*t the bed on Wednesday AM, dropping 9%

The GIZMO seems to be set to be invoked when the DOW threatens a 12% drop over the day. As soon as the losses extrapolate to 12% loss, the "GIZMO" goes into effect. (GIZMO is the hidden financial burst of money into the NYSE by Gov't purchases of securities).

Look for a "check-mark" in the line on the DOW - a sudden upward trend during a sharp downward loss.

China and Japan both took a big hit today while Europe had a better day than expected. Today don’t look good for the DOW. This week may make history and I can only hope people can take a cut over being turned out altogether from their jobs. I hate that the upturns are the big guys scooping up portfolio padding cheap company’s.

I can only hope that Bush sees all this and hangs himself in his office, which would give a big boost to emotions, but I know that would require a conscience so I’m not holding my breath.