As pointed out yesterday, this is all part of an orchestrated plan by the manipulators to get more control of the US economy. With respect to the Bear Stearns buyout consider this - billions of dollars in shareholder value has been wiped away in the last week. Based on current market prices, the takeover is valued at $2.41 a share, a shockingly low offer compared with Bear's $159 stock price last April.
Not only that, but the irregularity of the events is raising some pertinent questions. Stunned Bear Stearns shareholders who saw investments virtually wiped out overnight when a takeover deal with JP Morgan Chase was unveiled are demanding to know how it was put together in the first place. For instance, they want answers on how the deal was arranged, and gained government approval and financing, all in a few hours, and seemingly without alternative bidders being canvassed. They also have a host of questions about the role of the Federal Reserve and the Treasury Department in engineering the emergency deal.
For example, how did the Federal Reserve arrive at the $30 billion figure and did it discuss with Bear whether it was preferable to arrive at a quick sale or explore a bankruptcy filing? How could due diligence be done and the deal approved in the space of a few frantic hours on Sunday? And how can a party taking over another be allowed to run the target before the deal has gone through? Were any overseas banks or private equity firms asked to consider a bid, or did the buyer have to be a large U.S. bank? Were other parties asked to bid on Bear Stearns, or did the government solely approach JP Morgan about the takeover?
Needless to say, they are a lot of murky details that will probably never see the light of day. This is how the manipulators work. And they expect the public and the financial talking heads on the news programs to accept whatever answers they are willing to divulge. Does this really sound like a free market capitalistic system? Yeah right! By the way, are you interested in buying a bridge, too?
Here is another interesting tidbit. Thanks to its stake in Visa's initial public offering this week, JP Morgan Chase has enough money to pay for its Bear Stearns purchase and still have about a billion dollars left over. JP Morgan scooped up embattled Bear Stearns for the bargain basement sum of $342.6 million, based on the bank's closing share price on Thursday. JP Morgan made at least $1.36 billion in Visa's IPO Wednesday, according to federal filings. JP Morgan is the largest of six principal bank stockholders of the credit card processor, who all reaped big bucks from the offering. The debut was so successful that Visa sold additional shares, boosting the banks' takes. Is this coincidence just too amazing to believe?
So the plan is for the market to consider throughout the long weekend all the happenings of the week before reacting on Monday. What is likely to happen is that the commodity price slide may continue for an additional brief period of time because the Fed is "on top of things". Unfortunately, they are also on the bottom of things making shady deals without anyone's knowledge except for the manipulators. As I pointed out yesterday, I expect the commodity prices to sharply go up and set new record highs within two weeks. The temporary slide that happened the last couple days is just going to be a small blip of a retracement in the overall market big picture.
Just as there were 3 hours of darkness on Good Friday some 2000 years ago along with a great earthquake, this is another period of darkness. We all have the knowledge of what happens on Easter Sunday. We all know who ultimately is in control of the world, despite the powerful megalomaniacs that think they are in control.
And when Jesus had cried out again in a loud voice, he gave up his spirit.
At that moment the curtain of the temple was torn in two from top to bottom. The earth shook and the rocks split. The tombs broke open and the bodies of many holy people who had died were raised to life. They came out of the tombs, and after Jesus' resurrection they went into the holy city and appeared to many people.
When the centurion and those with him who were guarding Jesus saw the earthquake and all that had happened, they were terrified, and exclaimed, "Surely he was the Son of God!" Matthew 27:50-54 (NIV)
If you have comments or questions, please feel free to contact me at the address below.
Email: DeltaInspire@panama-vo.com
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