Irish Stock Market Crash & Global Depression *
Wise Up Journal
Did you know the Irish stock market (ISEQ) has crashed and lost over 40 billion Euro in one year? If your not one of the few stock investors in Ireland then your answer will probably be no. Not surprising since you’re not really being told.
On the 22nd of May 2007 the Irish stock market hit a high of 10,364 and then crashed to a low of 6,281 in November. That was a 4,083 point drop in a few months, a loss of -39% or approximately over €40,000,000,000. During the last 12 months Bank of Ireland went from a high of 18.83 to a low of 8.80 a lose of -53%, AIB went from 24.39 to 12.87 a loss of -47%, Irish Life & Permanent TSB went from 23.09 to 10.90 a loss of -52% and the list goes on.
Let’s not lose sight of how much money was wiped off the market. Let’s put things into perspective:
A billion seconds ago it was 1959.
A billion minutes ago it was the time of Jesus.
A billion hours ago our ancestors were living in the Stone Age.
A billion days ago no-one walked on the earth on two feet.
40 billion Euro ago was only a few months back.
You would think when a major event happens like a stock market crash, and all the banks losing half of their value the news media might take it on as their responsibility to inform the public of such a collapse. The media hasn’t, and the general public still does not know. Talk to people about it, I have, they don’t know it has crashed. I’ve been following TV news for the past few months just to see how they are informing the public of this. They tell them the percentage change for the day (up 0.5%, down 1%), but I have not seen as of yet them tell the big picture truth, that the entire market has collapsed, biggest selling in it’s history, all the banking stocks have lost billions in one year.
The massive amount of shares being sold during 2007 in the Irish Market worryingly dwarfs previous years by over 400%. This amount of volume points to institutional selling, the ‘big boys’ who know what’s going on are out of the market. Since November a ‘dead cat bounce’ has occurred, this is what traders call it when after a major crash the stock bounces slightly up and then starts to head back down again. This is likely due to the industry influencing traders that it’s a ‘good time to buy’, a common practice in any industry during a crash. In the U.S they told the public Enron was a barging at -50%, then it went down to -100%. The ‘big boys’ can’t sell the rest of their shares if there are no buyers.
Earlier this year the ultimate bank of all central banks, the Bank for International Settlements (BIS) submitted it’s 77th Annual Report (April 1, 2006 - March 31, 2007) which talked of a coming global depression. You have to understand this was not a fortune-teller’s prediction, this organization has the power and influence to create booms and busts. In many economist’s analysts the popping of the bubble they created was part of the plan, all debt bubbles burst, and in the end mammoth bubbles cause mammoth depressions.
If you understand this is the plan, it doesn’t come as a surprise that in September 2007 a credit crunch occurred with banks even cutting lending to each other. A global credit crunch is vital for a global depression to occur. It wasn’t a surprise that the first British bank run in approximately 100 years happened on the 14th of September 2007 (Northern Rock). It wasn’t a surprise or coincidence that for the first time in Ireland’s ‘Celtic Tiger’ boom in the same year the BIS announced their global depression plan, that the Irish stock market crashed, all the banks lost half of their value in a few months, the construction industry let thousands of workers go, the lucrative housing market began falling (impossible some said at the start of the year). Since September 2007 billions of emergencies funds have been injected in to the global markets to temporarily slow down a rapid collapse of the financial industry.
This is not a local issue like politicians will try tell you/pacify you, it’s happening all over the world to the largest economies, the housing market in the UK has also begin falling, the $ is down 60% since 2000, which also means the U.S stock market is worth 60% less than if it was at these levels in 2000 with a stronger dollar (something most Americans can’t grasp). Debt bubble policies were approved at the highest levels and encouraged worldwide. It’s no surprise to the people who wanted these polices legal and adopted globally that the biggest debt bubble the world has ever seen was created and is about to pop. Understand that when illegal accounting practices are made legal it’s no longer fraud, and even the most honest bank mangers that don’t like these practices will have to utilise them or his employer will lose a completive edge and the manager will lose his job.
There’s only one group of people that this financial disaster won’t disturb and they are the extremely rich, the 1% (families worth trillions, not Bill Gates), the ones who already control the large banks, organizations, companies and institutions around the world, they will still have their comforts but now they will be able to ‘buy low’. Everything will be on sale at a minimum of 90% discount. It’s going to be a wonderful time for the elite, like it was 200 years or so ago when the same families bought up/stole Africa - which they still control today. With their large list of companies that they own controlling shares in they can buy up more smaller banks and merge them with their larger banks, buy up as much prime real estate as they desire, water works, toll roads, basically eliminate the competition, change government regulations in their favour so this ‘never happens again’ like they did in the U.S during the great depression a few decades back. The result will be the 1% gaining even more control over global economies, these people are not British, American, German, they are Globalists “the world is their oyster” and a fix to their created global depression problem is a desired global government which they will sell to us as ‘for our own protection, for the greater good‘.