What If The "Crash" Is as Rigged as Everything Else? Charles Hugh Smith, Of Two Minds [View all]

[mother earth]

August 26, 2015

Take your pick--here's three good reasons to engineer a "crash" that benefits the few at the expense of the many.

There is an almost touching faith that markets are rigged when they loft higher, but unrigged when they crash. Who's to say this crash isn't rigged? A few things about this "crash" (11% decline from all time highs now qualifies as a "crash&quot don't pass the sniff test.

Exhibit 1: VIX volatility Index soars to "the world is ending" levels when the S&P 500 drops a relatively modest 11%. The VIX above 50 is historically associated with declines of 20% or more--double the current drop.

When the VIX spiked above 50 in 2008, the market ended up down 57%. Now that's a crash.

MORE:
http://www.oftwominds.com/blogaug15/rigged-crash8-15.html

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In the game where everything is rigged, EVERYTHING is deliberate. Apparently, Charles is familiar with Naomi Klein's Shock Doctrine.