{"id":388577,"date":"2018-12-10T12:39:24","date_gmt":"2018-12-10T11:39:24","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/newswire\/prison-planet-com-u-s-accused-of-a-declaration-of-war-against-china-as-the-stock-market-teeters-on-the-precipice-of-disaster\/"},"modified":"2018-12-10T12:39:24","modified_gmt":"2018-12-10T11:39:24","slug":"prison-planet-com-u-s-accused-of-a-declaration-of-war-against-china-as-the-stock-market-teeters-on-the-precipice-of-disaster","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/newswire\/prison-planet-com-u-s-accused-of-a-declaration-of-war-against-china-as-the-stock-market-teeters-on-the-precipice-of-disaster\/","title":{"rendered":"Prison Planet.com \u00bb U.S. Accused Of \u201cA Declaration Of War\u201d Against China As The Stock Market Teeters On The Precipice Of Disaster"},"content":{"rendered":"<div>\n<p>      <!-- START CONTENT --><\/p>\n<p><strong>Michael Snyder<\/strong><br \/><a href=\"http:\/\/theeconomiccollapseblog.com\/archives\/u-s-accused-of-a-declaration-of-war-against-china-as-the-stock-market-teeters-on-the-precipice-of-disaster\">Economic Collapse<\/a><br \/>December 7, 2018<\/p>\n<p><strong>Things are sure getting wild on Wall Street.\u00a0 <\/strong><\/p>\n<p>On Thursday, the Dow Jones Industrial Average plummeted almost 800 points before roaring back and recovering nearly all of those losses.\u00a0 The Dow closed just 79 points lower for the day, and if you only looked at the final number you would be tempted to believe that there is not much reason for concern.\u00a0 But these wild swings up and down are precisely what we witnessed back in 2008, and they are a sign that the stock market is literally teetering on the precipice of disaster.\u00a0 And it almost certainly would have been a historically bad day for stocks on Thursday if not for a very well-timed article in the Wall Street Journal.\u00a0 Once news broke that the Federal Reserve is considering <a title=\"\u201ca wait-and-see approach to rate hikes\u201d\" href=\"https:\/\/www.cnbc.com\/2018\/12\/05\/market-sell-off-set-to-continue-as-dow-futures-get-hit.html\" target=\"_blank\" rel=\"noopener noreferrer\">\u201ca wait-and-see approach to rate hikes\u201d<\/a>, stock prices immediately began to rebound\u2026<\/p>\n<blockquote>\n<p>Stocks closed well off their session lows on Thursday after news broke that the Federal Reserve could tighten monetary policy at a slower pace than previously expected.<\/p>\n<p><a class=\"\" tabindex=\"\" title=\"The Wall Street Journal reported\" role=\"\" href=\"https:\/\/www.cnbc.com\/2018\/12\/06\/fed-officials-may-signal-a-wait-and-see-approach-following-rate-increase-this-month-wsj.html\" target=\"_blank\" rel=\"noopener noreferrer\" data-type=\"\" aria-label=\"\">The Wall Street Journal reported<\/a> the central bank is considering whether to signal a wait-and-see approach to rate hikes at its upcoming meeting this month. The report said Fed officials do not know what their next move on rates will be after December.<\/p>\n<\/blockquote>\n<p>This just shows the immense power that the Federal Reserve possesses.<\/p>\n<p>As I have discussed <a title=\"so many times previously\" href=\"http:\/\/themostimportantnews.com\/archives\/trump-is-right-the-federal-reserve-is-crazy-and-here-are-101-reasons-why-it-should-be-shut-down\" target=\"_blank\" rel=\"noopener noreferrer\">so many times previously<\/a>, the Federal Reserve has far more power over the U.S. economy than anyone else does, and that includes the president of the United States.\u00a0 Just the mere suggestion that the Fed may slow down the pace of rate hikes was enough to send Wall Street into a feeding frenzy.\u00a0 Nothing that President Trump could have possibly said could have had that sort of a positive impact.<\/p>\n<p>And this is a perfect example of how fundamentally flawed our system is.\u00a0 Personally, I believe in free markets, and so it <a title=\"deeply, deeply offends me\" href=\"http:\/\/themostimportantnews.com\/archives\/trump-is-right-the-federal-reserve-is-crazy-and-here-are-101-reasons-why-it-should-be-shut-down\" target=\"_blank\" rel=\"noopener...<\/a><\/p>\n<\/div>\n<p><a href=\"https:\/\/www.prisonplanet.com\/u-s-accused-of-a-declaration-of-war-against-china-as-the-stock-market-teeters-on-the-precipice-of-disaster.html\">Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Michael SnyderEconomic CollapseDecember 7, 2018 Things are sure getting wild on Wall Street.\u00a0 On Thursday, the Dow Jones Industrial Average plummeted almost 800 points before roaring back and recovering nearly all of those losses.\u00a0 The Dow closed just 79 points lower for the day, and if you only looked at the final number you would [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-388577","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-newswire"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/388577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=388577"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/388577\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=388577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=388577"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=388577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}