10/18/2012 6:00 PM BIX WEIR CONFIRMS THAT IT IS TIME
"Back in the summer of 1987, a few months before Black Monday, something had been bothering Rep. Edward Markey (D-Massachusetts). A robust stock market had been slowing down, and Markey says he worried about the role of program trading--where computers automatically buy and sell stocks based on algorithms set by stock trading companies. He was concerned about the possibility that stocks, options and related futures markets would become volatile. If the market experienced rapid sell-offs, for instance, driving the price of stocks down to a certain level, the computers would then be programmed to sell very quickly without consideration to the human panic or hysteria of a tough day on Wall Street."
"As chairman of a House subcommittee on telecommunications and finance, Markey called a hearing to look at program trading in July 1987. "While many of the industry witnesses argued that there was nothing to worry about, I was not convinced they were right," he remembers."
"After the market dropped 91 points on Oct. 6, Markey wrote to officials at the Securities and Exchange Commission (SEC), asking them to research what happened. Twelve days later, he watched it unfold on his television. "Watching the crash take place on CNN was a gut-wrenching experience," he says. "My worst fears were realized."
"Although economists say that program trading wasn't the only factor at work on Black Monday--dried up liquidity, a lack of visibility into market conditions and irrational panic on the part of investors also played key roles--most acknowledge it was a factor. "We haven't agreed whether or not program trading was the primary culprit, but there's been consensus it played a role," says Paolo Pasquariello, assistant professor of finance at the University of Michigan's Stephen M. Ross School of Business."
Those who have followed the Road to Roota Theory know that Roota or "RootA" comes directly from the early computer rigging programs written by Alan Greenspan and his friend John Kemeny designed to control the markets.
The Road to Roota Theory http://www.roadtoroota.com/public/190.cfm
It is not a coincidence that Greenspan was placed as the head of the Federal Reserve bank the summer before the crash of 1987. Greenspan had planned to crash the monetary system to destroy the Bad Guys and return us to a Gold Standard. Unfortunately, the Greenspan plan backfired in 1987 as it was not large enough and all-encompassing enough to crash everything. The banksters pulled out all the stops and succeeded in maintaining control.
Over the ensuing years Greenspan was relentless is creating a bigger and bigger monument to phoney money keeping interest rates as low as possible and fighting to the death for NO REGULATION on the newly created derivative markets. Basically, Greenspan wanted to give the banksters enough rope to hang themselves.
By 2007/2008 the monument to fraudulent monetary instruments was so great that toppling the system was easy. A few keystrokes here and a few keystrokes there sent the system into a tailspin. He had won...the banksters were all insolvent.
So why didn't it all come down as he had planned? WE THE PEOPLE WERE NOT READY!
We panicked. We didn't know what was going on. We let the banking cabal, lead by Hank Paulson, hold a gun to our heads and we gave them more money and more time. Not much more...but enough such that we could EDUCATE OURSELVES as to what was happening so we would be READY when the next crash came.
That has been the reason for all the delays. Education of the masses as to what our problems are so we will be ready to face the Banksters head on when the next crisis hits.
WHICH IS NOW!
Everything I watch and follow is flashing NOW! NOW! NOW!