It doesn't take much to round up twelve people and form a secret society. In fact that is how the Free and Clear Society started out. In secret, but in this day and age of openness and transparency as being politically correct, that idea was later abandoned.
It would be difficult for a secret society to admit it was secret because it would no longer then be a secret, would it?
The IOOF (Odd Fellows) used to be a secret society with over 3 million members at the beginning the the 20th century. The fact of its existence was not a secret, but what went on in their meetings was.
Every religion on earth has at the top of its governmental structure or organization a secret society. What goes on at the top is not known at the bottom or witnessed in the pews.
Every political group acts the same way. There are always insiders and outsiders in every organization.
There are congressional committees that operate in secret, even the Fed holds closed door sessions, and often Board meetings of the largest public corporations are held in secret.
What is lost in all this jeolosy of secrecy is the fact that secrecy prevents others from stopping what you are planning.
In any organization, there is always the "shore story", or the public relations given to outsiders.
What the truth is lies hidden, not in the minute books, or the historical records, but in the minds of the insiders who seek to promote their agendas.
Even the authors of any book on the subject of these conspiracy theories may have had their perceptions skewed by the writers of the research they have dug up, only to find that the truth does not exist.
The people who run United Airlines already know it will have to file bankruptcy, but they have to keep things delayed until such time as they have estimated the exact right time to make the announcement and actually file with the Court.
Such a bankruptcy will send huge ripples and a major sell off into the market. The market is already anticipating this with the last two trading sessions. They are waiting for the shoe to be dropped. Only the secret meetings of the Board of UAL knows the truth, that the entire balance and future of the airline industry rests with their decisions.
The bottom has not been reached. All we have is recent major short covering of trillions of shares during the past 8 weeks. Now will come the next major wave of selling because the entire airline industry is actually bankrupt and the government and the bankers do not want to lend more money to it. It needs to consolidate and cut its overhead. It is a process that has already been delayed far too long.
Penny King Holdings Corporation, a Delaware Investment Holding Company.
