Lock Limit Down Posted August 9, 2004 Report Share Posted August 9, 2004 Reposted with permission from John Mackenzie Many thanks John.. " Long-time subscribers may find the following paragraph redundant but because we have had a large influx of new subscribers over the past few months we would like to impart what the ?Plunge Protection Team? consists of. The Working Group on Financial Markets, the PPT, was formed as a result of an executive order executed by Ronal Reagan on 3/18/88. Six months previous, the stock market had collapsed in a number of days and the Administration and the Fed wanted to stop such occurrences in the future. Prior to the order, during the debacle, the Fed was in the markets manipulating. The order appoints the Secretary of Treasury, the Fed Chairman, the SEC Chairman, CFTC Chairman and the had of the NY Fed and their designates; these are the people who actually execute the manipulation to fulfill their dictates. There is nothing democratic or fair about the process. It is done in secret, and even thought it is legal, those in government lie about its existence and the affects it has on markets. As you can see we no longer have free markets. This is the type of order you would expect in Nazi Germany ? Corporatist fascism. The elitists, of course, say the purpose of these manipulations is to ?enhance the integrity, efficiency, orderliness and competitiveness of our Nation?s financial markets and maintain investor confidence?. Of course, nothing could be further from the truth. Thus, the US Treasury provides the Working Group with administrative funds and support services as may be necessary for the performance of its functions. Thus, you have a massive staff 24 hours a day manipulating any market they choose and they do this every day. In the process they employ the assistance of anointed investment banks, banks and brokerage houses to assist in the manipulation. They are guaranteed against loss. This is the crew that supposedly smoothes out the market when there is downside volatility. They are not attending to volitility, they are rigging the market. In the final analysis, our government does not believe in free markets, they demand managed markets as any fascist state would. That is because they know best what is good for us. The PPT was the brainchild of Fed governor Robert Heller in 1989, who was a disaster as an economist. Even though the Fed intervened in the stock and gold markets in 1987, the program as we know it today really did not get underway until 1990 as the Japanese market began to come unglued. This was a deal between Sir Alan Greenspan and Yaseio Fukuda, who was Japanese Finance Minister at that time. We have taken this time to re-explain this issue so our readers can fully and truly understand what evil crooks are running our government. This is not some fantasy I have conjured up in my mind. This is provable, this is law, and this is reality. The ?Working Group on Financial Markets? ? the ?Plunge Protection Team? exists. These one-world fascist, elitists want to regulate every facet of our economic life and if you think this is bad wait until they have their one-world government in place. This manipulation is against everything America stands for. Since 1987 the PPT has been rigging all world markets when it suits them and they have an endless supply of money to affect that. Incidentally, these elitists control our media, particularly GEs Crapvision, and that is why you never heard a word about what the government is doing in this regard. The Fed and the Treasury have to keep up the illusion of solvency and to that end, not only must they bamboozle the public, but they must also continually pour liquidity into the market. It also should not be overlooked that government and the elitists in the brokerage and investment business are making a fortune doing this, but ultimately in the process once and for all they will destroy the integrity of our markets. Finally, the Fed is finding that it cannot indiscriminately increase aggregates because when it does the dollar falls putting pressure on the stock market and assists gold?s upward movement. The only way the Fed can increase liquidity without anyone realizing it is to have the Treasury secretly do it via the PPT from offshore locations, which the Fed clandestinely funds. One of the problems the Fed and the Treasury has is they want to be flat after they have driven the market up or gold down, quickly. That is why the market has traded between 9,800 and 10,400 on the DOW for so long and why gold trades $20 to $40 lower and then turns around and comes right back. We are of the opinion that after the election these elitists know they can no longer hold the system of manipulation together and finally the markets will become unglued. If 3% growth with massive monetary and fiscal growth and tax cuts is all they can muster, then the second half of 2004 will be economically slower and 2005 will be worse. That means a plunging dollar and higher gold and silver prices as the Fed and Treasury lose control of the system and that is when the purging of the system begins. That means those who are short gold will drive gold higher as they attempt to exit their positions, this will also set up a chain reaction in derivatives, which will drive gold and silver higher and at the same time start a destructive sequence of events in the economy. This process does not keep the Fed from increasing aggregates by over trillion a year, which will drive interest rates higher and the dollar lower. These criminals will not go down without a fight, so it could be four to 6 years before we will finally smoke them. The Fed, Congress and the President will ultimately do what they did in the 1930s, too late they will abandon free trade and they will increase income taxes. The taxes will come beginning in 2005; the curtailment of free trade will come in 2006. These painful moves will bring on the depression after there is no way to any longer avoid it." Link to comment Share on other sites More sharing options...
jstrack Posted August 9, 2004 Report Share Posted August 9, 2004 Great analysis, the thing that may accelerate that is the increadible leaverage in the system and the fact that half of US debt is held by foriegners. The whole shibang is not as controlable as one might think...imho We are one major market shake-up from disaster, which could come at any time... A surprise terrorist event or derrivative induced failure at a prominant financial institution may be all it takes... Link to comment Share on other sites More sharing options...
threadbare Posted August 9, 2004 Report Share Posted August 9, 2004 I have a feeling that after today, nothing is ever going to be the same. We seem to be hovering between madness and meaning, atonement and catastrophe. Rarely have I been this sad. Link to comment Share on other sites More sharing options...
jstrack Posted August 10, 2004 Report Share Posted August 10, 2004 History rhymes I think and tomorrows rate increase, if it occurs, will lead to something dramatic...and sad.... Link to comment Share on other sites More sharing options...
jstrack Posted August 10, 2004 Report Share Posted August 10, 2004 History rhymes I think and tomorrows rate increase, if it occurs, will lead to something dramatic...and sad.... Link to comment Share on other sites More sharing options...
threadbare Posted August 10, 2004 Report Share Posted August 10, 2004 JS, History rhymes and so do your posts, sly devil, illustrating your point in such a way! :grin: Well, I was a bit maudlin yesterday and prematurely, at that. There's plenty of time for sentiment later. Today we laugh at the delusional fools who think they can play dodge ball with reality forever :grin: Link to comment Share on other sites More sharing options...
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