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Thursday, May 23, 2013

Asian markets rocked, fearing FED spigot turn off

Do you understand what this is admitting? The stock market, not only in the US, but the world markets are being artificially propped up by the FED’s pumping money created out of thin air into the world markets.

You thought the FED was an agency of the US government didn’t you. It’s a private monstrosity owned by international banksters! They have absolutely no allegiance to the US.

The money they are creating is in US dollars which makes the value of the US dollar decrease. They are stealing the wealth of the US!

When the markets crash trillions of dollars are going to be lost, seemingly vanish.  Where will the money go? To the FED, the gangster banksters!

U.S. Stocks Shake Off Global Market Rout

By CHRIS DIETERICH in New York, DANIEL INMAN in Hong Kong and CHARLES FORELLE in London

Stocks in the U.S. shook off a steep global selloff that began with a 7.3% plunge in Japan's stock market.

Markets around the world were jostled Thursday by a confluence of events that interrupted a monthslong rally in risky assets. Thanks in large part to a flood of easy money from global central banks, investors had piled into stocks—particularly Japanese stocks—and bought European bonds they once shunned.

Markets got a double-dose of bad news, and it sparked a selloff from Tokyo to Berlin to New York. What happens next? Lazard Capital’s Art Hogan joins MoneyBeat to discuss the next move in the markets. Photo: AP.

But comments Wednesday by U.S. Federal Reserve Chairman Ben Bernanke and minutes from the Fed's recent policy meeting suggested that the Fed might start pulling back on its bond purchases sometime this year. That made investors fret that the flood might soon be tapering and dovetailed with weak Chinese manufacturing data to send the Nikkei tumbling. It fell 1,143.28 points to close at 14483.98, a drop of 7.3%, the worst decline by percentage since right after the March 2011 earthquake and tsunami. Investors jumped quickly out of riskier assets, from Spanish and Italian government bonds weakened to more-speculative currencies.

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