Shell Game AmeriCOnia!
Step right up! All you need to do is find the pea under one of the three walnut shells! Keep y’er eyes peeled as they move round and round, in and out … up and down and all around! Now, tell me … which shell is the pea under?
A standard remains constant across the landscape of time, a forged constant standing ready to measure and call out moral and ethical transgressions.
The DJIA, aka the Dow Jones Industrial Average, aka the Dow Jones 30, aka the Dow is a scam, a lie, a fraud and has been since its inception in 1886, not if you have inside information, but please don’t mention Martha Stewart if you do.
The DJIA used to be the sum total of 30 industrial stocks added together giving the New York Stock Exchange (NYSE) its daily dollar average which is trumpeted endlessly and broadcast to us by our AmeriCO.nian Corporate media. Understand the DJIA is a number in dollars, a number approaching 30000 dollars as of March 2020.
Used to be? America?
In 1898, Charles Dow began compiling the sum total of 12 stocks for the NYSE to use as its daily dollar average index. These 12 stocks eventually morphed into 30 stocks and since 30 is larger than 12 the DJIA dollar average began to grow. Not one of the original 30 DJIA stocks remains on its index today. In fact the index of its 30 stocks has been changed over 47 times in 116 years. Round and round we go, in and out … and up and down!
After all, it’s not the DJIA’s fault if Sears, AIG, General Motors, Bethlehem Steel, Honeywell or Citigroup’s stock numbers suck! No problem! OFF WITH THEIR HEADS! These worn-out husks of a by-gone industrial era must be given the old heave-ho and removed before their stinking & shrinking bottom-line numbers can drag down the DJIA! Current IPO’s and more powerful AmeriCO.nian stocks like Wal-Mart, JPMorgan, Boeing, Chevron, and ExxonMobil must be sent to the rescue and continue manipulating the DJIA dollar number to rise and rise and rise and rise and rise and rise … round and round we go, in and out … and up and down!
You can just smell the consumer frenzy coming on as you hear the DJIA dollar number ringing up and up and up and up on an hourly basis?
The DJIA average is not an average, it’s not industrial either. I know, you think I’m making this up, but I’m not. The DJIA is a price-weighted, scaled average … not an average of the 30, but a sum of the component prices divided by a divisor. A divisor? Yeah … another piece of the DJIA puzzle I’ll let you look up and figure out. You see I’m off to the circus with a pocket full of paper dollars, I’m going to be betting on a pea … at least then I’ve got a standard 33% guarantee!
And to think all of this is without even getting into paper dollar inflation!
It’s February 12, 2020. The Consumer Debt numbers came out today. The AmeriCOnian Consumer debt level stands at FOURTEEN TRILLION Paper Dollars. 66% of which is delinquent more than 90 days. The AmeriCOnian Consumer debt hasn’t gone done for twenty-two quarters and this is the highest the delinquencies have ever been. We’re in the money, the sky is sunny, we’ve got a lot of what it takes to get along!
All Hail AmeriCOnia.