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U.S. STOCK MARKET CRASH: 1,000 Points Decline!
On Monday 08/24/15 - MARKET OPENS With a 1,000 Point Decline, and Trading is Stopped Rule 48 Invoked, Dow and S&P Halted
Trading halts similar to what China implemented.The so-called “flash-crash” of 2010 prompted a Rule 48 switch from the Dow to the S&P 500.
“It was set up for situations like this,” said Art Hogan, chief market strategist at Wunderich Securities, told CNBC.
What is the TRUE Cause for the Sell Off and How Far will this Go? The Daily Truth. today has warned about this coming crash from the decline of China's Market Crashing in the beginning of August. Keynesians May Argue for War. Paul Krugman and others believe destruction and mass murder good for economy. (WHAT?)
The Market stopped trading using An Old Rule, which hasn't been used until today..."Rule48" Which gives the market the opportunity to Pause and stop the volatility. (Stop the SELL OFF?)
The outbreak of war, Higgs explains, leads not only to a diminishment of the market economy but also “greater taxation, governmental expenditure, and regulation of the remaining civilian economy.”
Higgs also counters the common theory that spending during the Second World War put an end to the Great Depression.
World War II Did Not End the Great Depression.
Now that the inevitable collapse is underway we can expect desperate Keynesian economists, liberals and no shortage of so-called conservatives (especially the warmongering neoconservatives) to call for economic stimulus through massive war expenditures.
While there is no shortage of imperial hotspots ready to be exploited, the front and center crisis is Ukraine and the growing conflict between Russia, the United States and NATO.