![Fire :fire: 🔥](https://cdn.jsdelivr.net/joypixels/assets/6.6/png/unicode/64/1f525.png)
![Fire :fire: 🔥](https://cdn.jsdelivr.net/joypixels/assets/6.6/png/unicode/64/1f525.png)
Yesterday, C&C reported on what was at first a US-only story, but as markets opened around the globe yesterday, the story went worldwide. The New York Times ran a mendacious article this morning headlined, “
Markets Around the World Are Jolted by Fears of Slowing U.S. Growth.” It was, in fact, the top article on the Times’ website, and will probably be the top story today as things get worse. The sub-headline explained, “A rout that began in Asia continued in Europe, and U.S. stocks are set to fall. Japan’s benchmark index logged its worst single-day point decline.”
Somewhere exists a highly secured room filled with rows of desks and oversized terminal displays, with moving wallpaper made of streaming video feeds, where young intelligence analysts snatch Adderall from candy dishes and chase them with Red Bull pulled from mini-fridges below their desks. These are the narrative bakers; they watch world events in real-time and feed carefully crafted headlines to hungry editors, directing what the media says about everything. A crusty, Cold War-era veteran sits at an empty desk in a glass-walled office inset along one wall, chewing nicotine gum and occasionally conferring with youthful narrative spinners on a particularly thorny or difficult lie.
I am convinced this deep-state narrative crafting team must have run out of Adderall after somebody stole their package off the safe house’s front porch. Or maybe the supervisor was out sick after testing positive for covid, and the kids logged onto Minecraft instead of working. Whatever happened, this can’t possibly be their best work.
I say that because the explanation media has offered to explain what started late last week as a -1,000-point Dow Jones selloff (out of 40,000), now a global markets crash, was so unbelievably dumb it could only be the work of the deep-state’s ‘B’ team. Anyway, here’s what the Times suggested:
Got that? The Times wants you to believe the entire jittery world is
worried about ‘signs’ of a slowing U.S. economy. Not even an
actual slowing economy! Just the
signs of one! (At first, it seemed sort of heartwarming. I mean, I didn’t know they cared so much.)
You see what’s happening? The CIA’s narrative spinners are getting stuck. On the one hand, they can’t admit the U.S. economy is actually slowing, because that would hurt the Kamala campaign. Nor can they admit the real reason for global market panic. So they came up with this pathetic ‘fears over
signs of a slowing market’ excuse.
Let’s apply a little grey matter. In early trading yesterday, Japan’s Nikkei fell by over
twelve percent, which is a whole lot in
one day. That was equivalent to a -4,800 point drop in the Dow. The Pan-European Stoxx index fell over -2% in early trading, and every major market in Europe also dropped. South Korea’s benchmark Kospi index was down over -10% before it suspended trading. Equity markets in Taiwan, Singapore, Australia, Hong Kong and even
China all closed lower. Stocks in India, which has been one of the best performing markets in Asia this year, traded down over -2%.
But why? What horrible development caused
every world market to freak out? According to the official narrative, and I am not making this up, it was a
bad U.S. jobs report late last week. The report supposedly showed hiring
still happening, but a little
slower, and unemployment ticking up to a modest three-year high:
Truly, this is the most insane lie they’ve peddled so far this year, in some ways worse and more insidious than old Chesnuts like “six foot distancing” or 2024’s “we aren’t sure if it was a bullet.”
World markets don’t crash when the U.S. gets a mildly negative jobs report. What a ridiculous idea.
![Fire :fire: 🔥](https://cdn.jsdelivr.net/joypixels/assets/6.6/png/unicode/64/1f525.png)
Obviously, as I explained yesterday, the real reason for the panicky world markets was
not any Biden Administration Jobs Report. Those Biden economic reports have become about as reliable as a weather forecast from the Mad Hatter, and nobody believes them anyway. No, the
real reason for the panicking markets is completely rational: they are panicking because of Israel’s assassinations of two terror leaders last week, combined with the U.S.’s failure
to even try to quickly de-escalate the Middle East.
When the markets saw aircraft carriers steaming toward the Red Sea instead of
diplomats, they quite reasonably started selling stocks in lots of companies that don’t do well during world wars. Want some evidence for my theory? Here you go.
It wasn’t all bad news in the markets. Not everyone was panicking. Check out defense contracting giant Lockheed Martin (LMT), which jumped up nearly +20% in one week (+30% over its 6-month price):
Hang on, there seems to be a trend! Defense firms are doing great. Raytheon (RTX) posted gains of +21.98% last month. Northrup Grumman (NOC) rose +13.76% in the same period. General Dynamics (GD) is up +3.80% over the last 30 days.
Yesterday I erroneously opined that war was bad for business. That’s only
mostly true. It is true, unless your business
is war. In that case, war is great for business.
Anyway, the media’s lies over the real reason for market crashes is more proof, if you needed it, that you’re more likely to get the truth from a panhandling crack addict than the corporate media. But knowing the truth, do not panic. If you’re ‘in the market,’ hang in there and buy the dip. If you’re not in the market, don’t worry about it.
The reason I point all this out is because when the Middle East cools back down, the markets will recover. It’s not anywhere near as complicated as the media claims.
World markets crash and media doubles down on lies; media buries Middle East war; neocons in Israel; Supreme writes great book; British protests over 2-tiered justice; anti-vaxxer gets the gold; more.
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