Concerned American
American People Protected From It's Own Gov't By Foreign I
Tue Feb 27, 2007 15:49

Are the American People now being Protected from their own government by Foreign Militaries and Intelligence services?
A U.S. government that most Americans and world peoples now fully know is not the U.S. Government but it is a fully
co-opted illegal Globalist Elitist organized criminal take over of the American and United States governmental infrastructure.

The Stock Exchanges are collapsing shortly after the attempted arrest of Cheney in Australia. Is there more that is not being reported in the mainstream media monopoly?
For example did more occur that involved a possible military intervention to stop another Iranian air attack on the part of the Zionist Rothschild controlled Israel?
US Military Attempt Arrest of Vice President Cheney, 3 Reported Dead (Unverified)
By: Sorcha Faal, and as reported to her Western Subscribers 
Why no reports about Bush and Cheney both being out of country?
There have been circulating reports of Police actually fighting Police in the Seattle and King County area and region and a cover-up ensuing in the local media.

There are also reports of internal warfare now occuring within the U.S. Military Intelligence community and as well as throughout the U.S. Law Enforcent system and is this also taking place that is thus forcing the Commander and Thief and his Vice-Presidential Organized Crime Boss to hide out overseas?
Stocks plunge after big decline in China 

By MADLEN READ, AP Business Writer
16 minutes ago NEW YORK - Wall Street fell sharply Tuesday, joining a global stock decline sparked by growing concerns that the U.S. and Chinese economies are cooling and that U.S. stocks are about to embark on a major correction. The Dow Jones industrials dropped more than 180 points.

A 9 percent slide in Chinese stocks earlier set the tone for U.S. trading, a day after investors sent Shanghai's benchmark index to a record high close.

Investors' confidence has been knocked down by a slew of data showing that the economy may be decelerating more than anticipated. A Cmmerce Department report that orders for durable goods in January dropped by the largest amount in three months exacerbated jitters about the direction of the U.S. economy, which were raised a day earlier when former Federal Reserve Chairman Alan Greenspan said the economy may be headed for a recession.

"It looks more and more like the economy is a slow growth economy," said Michael Strauss, chief economist at Commonfund, noting that investors are expecting the government on Wednesday to revise its estimate of fourth-quarter GDP growth down to an annual rate of about 2.3 percent from an initial forecast of 3.5 percent . "Moderate economic growth is good — an abrupt stop in economic growth scares people."

The housing market, which the Street had been hoping had bottomed out, also looked far from recovery after a Standard & Poor's index indicated that single-family home prices across the nation were flat in December. A later report from the National Association of Realtors said existing home sales climbed in January by the largest amount in two years, but the data didn't erase housing-related concerns, as median home prices fell for a sixth straight month.

In early afternoon trading, the Dow Jones industrial average dropped 180.25, or 1.39 percent, to 12,456.74.

Broader stock indicators also fell sharply. The Standard & Poor's 500 index was down 22.72, or 1.57 percent, at 1,426.65, and the Nasdaq composite index was down 53.57, or 2.14 percent, at 2,450.95.

A suicide bomber attack on the main U.S. military base in Afghanistan where Vice President Dick Cheney was visiting also rattled the market.

China's stock market plummeted Tuesday from record highs as investors took profits when concerns arose that the Chinese government may try to temper its ballooning economy by raising interest rates again or reducing more of the money available for lending.

"Corrections usually happen because of a catalyst, and this may be it," said Ed Peters, chief investment officer at PanAgora Asset Management. "The move in China was a surprise, and when a major market has a shock it ripples through the rest of the market. With all the trade that goes on with China, there tends to be a knee-jerk reaction with that kind of drop."

The Shanghai Composite Index tumbled 8.8 percent to close at 2,771.79, its biggest decline since it fell 8.9 percent on Feb. 18, 1997. Since Chinese share prices doubled last year as investors poured money into the market after the completion of shareholding reforms, trading in Shanghai has been very volatile.

Hong Kong's benchmark Hang Seng Index dropped 1.8 percent, and Malaysia's Kuala Lumpur Composite Index fell 2.8 percent. Japan's Nikkei stock average fell a more moderate 0.52 percent, but European markets were rattled — Britain's FTSE 100 lost 2.31 percent, Germany's DAX index dropped 2.96 percent, and France's CAC-40 fell 3.02 percent.

Bond prices rose as investors bought into the safe-haven Treasury market, pushing the yield on the benchmark 10-year Treasury note down to 4.58 percent from 4.63 percent late Monday. The bond buying was sparked primarily by the durable goods orders, which the Commerce Department said fell 7.8 percent, much more than what the market expected.

The durable goods drop raised the chance of the Federal Reserve easing interest rates later in the year — a possibility that makes the bond market an attractive place to be right now.

The hope for slowing inflation could be dashed, though, if energy costs keep rising. Oil prices initially fell Tuesday on worries that Chinese demand could be dampened should its economy slow down, but later rose on escalating tensions in the Middle East. Crude rose 73 cents to $62.12 a barrel on the New York Mercantile Exchange.

The dollar slipped against other major currencies, while gold also fell.

The Dow has been climbing at a steady rate since last summer, but over the past few trading sessions, stocks have pulled back on the worry that the market is due for a correction. Many analysts have noted that the Dow hasn't seen a 2 percent decline in more than 120 sessions.

Data indicating a slower economy had recently been giving stocks a boost on the hopes that the Fed will lower interest rates, which could reinvigorate consumer spending and the struggling housing market. But the market may fall further before that happens, analysts said.

"If in a week or two, the psychology in the U.S. market turns to the realization that we're in a modest growth economy of 2 to 3 percent growth, that will help temper inflation pressures going forward. If that perception evolves, there's an increase in the likelihood that the Fed will be lowering rates rather than raising rates. Structurally, it's a development that should be good for the equity market, but it might be an event that unfolds after prices are lower," Strauss said.

Declining issues outnumbered advancers by about 6 to 1 on the New York Stock Exchange, where volume came to 1.08 billion shares.

No sector was left unscathed by Tuesday's sell-off, and all of the 30 Dow components were lower in early afternoon trading.

The Russell 2000 index of smaller companies was down 17.10, or 2.08 percent, at 806.59.

NYSE-listed shares of Chinese companies plunged. China Mobile Ltd. tumbled $3.39, or 6.9 percent, to $45.89. Mindray Medical International Ltd. dropped $3.69, or 12.85 percent, to $25.02. China Eastern Airlines Corp. fell $4.435, or 13.14 percent, to $29.315.

On the Nasdaq, Internet company Inc. fell $4.44, or 4 percent, to $107.27. Shanda Interactive Entertainment Ltd., which develops online games, fell $1.42, or 5.7 percent, to $23.50.
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