FIGHT-THE-BANK PROGRAMS: Aug 10, 2011

Dow drops 520 points, wiping out Tuesday's gains -----------------Aug-10-2011--

Dow drops 520 points,

wiping out Tuesday's gains

Aug-10-2011--Wall Street reversed Tuesday's dramatic rebound and plunged further into the red Wednesday as investor worries over the European debt crisis spilled over into concerns about the health of the global banking system.

The Dow Jones industrial average ended the day down 520 points, or 4.62 percent, putting the blue-chip index back down below the 11,000 level and closing at its lowest level since September 2010.

The Standard & Poor’s 500, a broader market measure, ended the day down 52 points, or 4.42 percent, while the Nasdaq, a more tech-heavy index, was down 101 points, or 4.09 percent.

Markets initially fell when the Fed released its gloomy statement but recovered before Tuesday’s closing bell, breaking a recent string of daily losses.

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GLOBAL DEPRESSION - SOCIAL UNREST -----------------------------------Aug-10-2011--

GLOBAL DEPRESSION -

SOCIAL UNREST

Aug-10-2011--When the global economy tanks, hardship increases for the man in the street.

We are seeing more and more violent protests. I see this escalating worldwide. Worse is to come when hyper-inflation sets in. That is when the middle class, the hardworking folks, the savers and conservative people see all their savings being inflated away. Inflation is a tax on savings. Every $100K you save in the bank will buy you less and less (less purchasing power) progressively.

With hyper-inflation it is a lot worse.

INFO-AWARENESS - TRUTH-PERCEPTION - VIKEN Z KOKOZIAN

GOVERNMENT MORTGAGE RELIEF

INFO-AWARENESS

http://government-mortgage-relief.com

http://www.nationalshortsalebrokers.com

http://www.youtube.com/88888force

http://government-mortgage-relief.blogspot.com

Bernanke’s Interest-Rate Timeframe Draws Most Negative Votes in 18 Years ---------------------------------Aug-10-2011--

Bernanke’s Interest-Rate Timeframe Draws Most Negative Votes in 18 Years---------

Aug-10-2011--Federal Reserve Chairman Ben S. Bernanke’s plan to hold interest rates near zero through at least mid-2013 provoked the most opposition among voting policy makers in 18 years as central bank consensus frayed. The Fed chief achieved unanimous support on the Federal Open Market Committee in 2008 when he lowered interest rates to near zero, and in 2009 when he launched $1.73 trillion in bond purchases. Last year, his plan to buy another $600 billion in assets drew one dissent. Yesterday, three policy makers dissented from the decision to apply a specific date to the Fed’s low rate pledge for the first time.

INFO-AWARENESS - TRUTH-PERCEPTION - VIKEN Z KOKOZIAN