The fallout from the ongoing Hurricane Florence storm
continues. The event is dumping buckets of rain in the Carolina’s. Power
outages and flooding are rampant. Five people die.
Today is the 10-year anniversary of the Lehman Brothers
bankruptcy that exacerbated the 2008-2009 market crash and financial crisis. A
couple days later, on 9/17/08, AIG was bailed out with taxpayer money. On
9/23/08, Federal Reserve Chairman Bernanke and Treasury Secretary Hank Paulson stepped
in to save (in their minds) the remaining banks and financial system to protect
the wealthy’s stock portfolios. They spit on capitalism a decade ago with the
obscene bank and corporate bailouts proving that free markets do not exist.
The US government did not
[Blog text is redacted. Purchase the September publication 2018-09 that explains the moves in global stock, bond and Forex markets.]
[Blog text is redacted. Purchase the September publication 2018-09 that explains the moves in global stock, bond and Forex markets.]
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