Wednesday, April 18, 2012

Criminal System Continues To Pretend Legitimacy

Stocks head lower in US a day after big gains warning - Faux

"Stocks reversed course and headed lower early Wednesday on concerns about the European debt crisis after a couple of days of mostly strong returns.

The Dow Jones industrial average fell as much as 86 points in the opening minutes of trading, a sharp U-turn from Tuesday's gain of 194 points, its second-biggest gain of the year so far. It was down 48 points to 13,068 around 10 a.m.

The Standard & Poor's 500 fell three points to 1,388 and the Nasdaq composite index fell two points to 3,041.

News out of Europe had sent stocks up the day before after Spain held a successful sale of two-year bonds. The goodwill died down Wednesday. Spain reported that the proportion of bad loans at its banks has risen to an 18-year high. Its benchmark stock index fell 3.2 percent.

There were also reminders of how difficult it will be to untangle the continent's debt crisis, with so many competing forces to be pleased. A Dutch bank refused to give a break to Greece's Hellenic Railway Organization and Athens' metro on money they owe, underscoring that Greece is far from rescued."

It's imperative that people stock up on rice, beans, toilet paper and shotgun shells, right now.


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