THE SECRETS OF THE PLUNGE PROTECTION TEAM

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THE SECRETS OF THE PLUNGE PROTECTION TEAM

Postby Gnosty » 12 May 2004, 10:41

THE 4 DERIVATIVE U.S. DICTATORS:
SECRETS OF THE PLUNGE PROTECTION TEAM


There are just four people who control all of the U.S. markets through their use of dangerous and explosive DERIVATIVES. They are risking the assets and retirement funds of all Americans. Because of their manipulations, especially since 2001, U.S. financial markets are now based on the gambling whims of a special fraternity of Federal Government DERIVATIVE dealers.

This group is known among Wall Street as the Plunge Protection Team (PPT). Their "official" role was to prevent another 1987 "Black Monday". They have the entire U.S. Treasury at their disposal to manipulate the markets through DERIVATIVES (futures options). In other words, they are using the assets behind the U.S. Treasury to rig the prices of commodites (gold, currencies, etc.) and stocks.

This fraternity comprises of Fed Chairman Alan Greenspan, the Secretary of the Treasury, and the heads of the SEC and the Commodity Futures Trading Association. It works closely with all the U.S. exchanges and Wall Street banks, including the largest DERIVATIVE risk holders Citibank and JP Morgan Chase.

Few people are aware of Executive Order 12631 signed by Ronald Reagan on March 18, 1988. In a nut shell, this is the "authority" behind the four dictators and the [sic] "laws" and "regulations" that have backed their casino-style DERIVATIVE gambling spree since 2001. Here are some highlights of this Executive Order to ponder:

Executive Order 12631 - Working Group on Financial Markets - Mar. 18, 1988; 53 FR 9421, 3 CFR, 1988 Comp., p. 559.

"By virtue of the authority vested in me as President by the Constitution and laws of the United States of America, and in order to establish a Working Group on Financial Markets, it is hereby ordered as follows:

Section 1. Establishment. (a) There is hereby established a Working Group on Financial Markets (Working Group). The Working Group shall be composed of:

(1) the Secretary of the Treasury, or his designee;
(2) the Chairman of the Board of Governors of the Federal Reserve System, or his designee;
(3) the Chairman of the Securities and Exchange Commission, or his designee; and
(4) the Chairman of the Commodity Futures Trading Commission, or her designee.

Section 2. Purposes and Functions. (a) Recognizing the goals of enhancing the integrity, efficiency, orderliness, and competitiveness of our Nation's financial markets and maintaining investor confidence, the Working Group shall identify and consider:

(2) the actions, including governmental actions under existing laws and regulations (such as policy coordination and contingency planning), that are appropriate to carry out these recommendations.

(b) The Working Group shall consult, as appropriate, with representatives of the various exchanges, clearinghouses, self-regulatory bodies, and with major market participants to determine private sector solutions wherever possible.

Section 3. Administration. (c) To the extent permitted by law and subject to the availability of funds therefore, the Department of the Treasury shall provide the Working Group with such administrative and support services as may be necessary for the performance of its functions."

Get out of the markets before the inflated DERIVATIVE bubble bursts

The pre-911 U.S. markets showed an astounding - yet confounding and puzzling - rise for the 4 months proceeding 911. The U.S. media dubbed it a "patriotic rally". The European Press called it a "PPT [Plunge Protection Team] rally". Obviously, the U.S. markets were manipulated and rigged to an inflated value in advance of the 911 disaster. Was this a coordinated measure in anticipation of what was to come? Only The Powers That Be can answer that question directly.

Since 911, there have been at least three major long-term stock market rallies. In all 3 instances, when the markets opened all the indexes began to quickly plunge. In each incidence, by early afternoon the markets were brought back from the brink of collapse to the surprise of everyone, including historical analysts.

An event that should have sent markets spiraling downward was the Enron, et al, unprecedented corporate accounting scandals. Yet despite this, an unprecedented accross-the-board markets rally began on July 24, 2002. Once again, the European Press called it a "PPT rally".

Outside the U.S., it's no secret who is behind these secretive "no-name" purchases of high risk DERIVATIVE gambling wagers:

On September 16th, 2001, The Guardian reported "that a secretive committee... dubbed 'the plunge protection team'... is ready to coordinate intervention by the Federal Reserve on an unprecedented scale. The Fed, supported by the banks, will buy equities from mutual funds and other institutional sellers... "

On Feb 21, 2002, the Financial Times featured an article about Japan's Stock Buying Body. The article stated that "...government backed equity markets, as Japan has recently become aware, do not work... Plunge protecting the world's markets may be a hazardous pursuit."

In each of these occurances, a large "no-name" buyer in the futures market secretly plunged in and bought up massive quantities of DERIVATIVES through banking groups such as JP Morgan. These were completely reckless gambling bets that the futures index [S&P] would rise even though it was obvious that it was going to fall. Because such a large amount of money was wagered on the S&P's rise, in each instance, it reversed the market's free-fall.

At the Federal Open Market Committee meeting on Jan 29-30, 2002, the Federal Reserve System (Greenspan) openly discussed the use of "unconventional methods" to stimulate the economy. Recently, the Financial Times of London quoted an anonymous U.S. Fed official who stated that one of the extraordinary measures "considered" in January 2004 was "buying U.S. equities".

These gambling interventions by the "Four Financial Dictators" have successfully brought the markets back each time... despite the inflated financial realities that existed. The purchase of these gambling DERIVATIVES at a great loss have transformed each market crisis into a rally. By manipulating the markets in this way, they have further inflated the highly overvalued market indexes.

Perhaps Americans can now understand why the major U.S. banks, such as JP Morgan, are holding TRILLIONS of gambling derivatives on their books as the PPT group of four use them to rig the markets. Sooner or later, these market "fixes" will no longer hold the bubble from bursting.

Thus, we have witnessed the creation and growth of the financial bubble that is on the brink of explosion... and we know who rigs and controls the markets to create this inflated bubble of gambling debt.

Paper Stocks Rise as Metals Loose - PTT Rigging is Obvious

In the same motus opperandi, the PPT group of 4 are currently buying metals futures (DERIVATIVES) in great amounts on the New York and Chicago exchanges. For the past two weeks, they have created a loss in silver and gold indexes by purchasing (at U.S. taxpayer's expense) large gambling bets (derivatives) against the true value of intrinsic metals.

The result is that they have rigged the value of metals to discourage investors from purchasing gold and silver instead of U.S. Federal Reserve Notes. This is a measure by the PPT to plug a large hole in the bursting dam of the financial bubble, but even Hans Brinker cannot stop this leak.

The bottom line? Stick with history and prepare for the financial explosion. When the bubble deflates and pops, economic deflation will control our daily lives. The PPT cannot continue to spend what it doesn't have. The retirement funds they are "borrowing" from are already exhausted. Get yourself some gold and silver... it will buy your bread to survive in the coming future... while paper Federal Reserve Notes will burn in your furnace to heat your homes.
Last edited by Gnosty on 12 May 2004, 16:55, edited 1 time in total.
Only the harmonics of the LifeCross will bring Living Light to humanity - Michael Edward
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Postby Paulo » 15 Nov 2005, 20:37

Banking / Federal Reserve System
http://www.freedomdomain.com/bankfed.htm

BY FAR, THE SINGLE GREATEST SLEIGHT-OF-HAND SCAM EVER
PERPETRATED ON THE AMERICAN PEOPLE. !!

Hey, I've got an idea. I'm going to open up a bank and force everyone to use my paper currency. If I can get everyone to borrow the paper from me, all I have to do is make sure I never run out of trees and I can sit back and collect the interest from now 'til eternity. But first, i'll have to invent a scheme to get everyone to stop using Real Money, Gold and Silver. I know, being that I'm the banker and everyone already trusts me with their Gold and Silver, i'll start off by printing Gold and Silver certificates that people can carry around instead of the metals, after all, metals are heavy and people can get robbed. Next, over a long period of time, say 20 years, i'll replace the certificates with federal reserve notes (completely WORTHLESS). I'll be rich and America will be BANKRUPT !! The only problem : Some elite English Freemason over at the Bank of England has already thought of it and called it the Federal Reserve System. Another case of "a day late and a dollar short." Well since they'll put us in jail if we were to do it today, we might as well EXPOSE the CRIMINALS for what they are: THIEVES : PARASITES with a PRINTING PRESS. Why does the U.S. Treasury borrow paper (bills of exchange-borrowed=Debt currency) from a foreign, private, for-profit Bank, which is in actuality owned and controlled by the Bank of England. I, by the way, am not the source of this particular charge. These are the findings of the American Congress in a report Titled "Steps Toward A British Union, A World State & International Strife." Ever since the Revolutionary War, England has despised America. Everything believed to the contrary is Propaganda.

England has wanted to establish a central bank in America, by which they could control our economy, for a very long time. Repeatedly, there have been attempts to do this and repeatedly, they failed. Mostly, because the American people knew about what Great Britain wanted to do. But, with the advent of airplanes and technology today, it seems to most Americans that this could no longer be the case. What most people do not realize is that this country would be a far different place if England hadn't gotten their way, back in 1913 with the passing of the Federal Reserve Act. It is a well known fact that English and European interests were heavily involved in this takeover. The Rothschilds, acting as agents for the Bank of England, sent their agents, the Warburgs and J.P. Morgan to set up the deals and "rig" it so that they could get the Act passed.

The Goldsmiths were the first bankers in early England. Primarily because people left their gold with the goldsmiths for safekeeping. The first paper money were "Receipts" for the gold deposits. These represented the gold in storage. These were easier to carry around, and safer, thus making paper money more popular. The goldsmiths realized, after a while, that few people ever came back to trade in their "receipts" for the gold at any one time. It was at this time that Goldsmiths realized they could issue more paper than they had Gold to back it up, thus leading the way to a cheated system. Then they could loan out more money than they had, and collect interest on it, as well. This was the beginning of "Fractional Reserve Banking", or loaning out more money than there is in assetts on deposit. This way nobody ever noticed their wealth accumulation. Currently, in the United States, banks can loan out 10 times the amount they have on deposit. The Goldsmiths also learned what could happen when the "Row" the economy by Issueing more money, then withdrawing that surplus from the economy. When there is more money, people spend more, and borrow more. Then when that money is taken out of the economy, there is no money to pay back the debts with, and it costs more to borrow more money. So, there are more bankruptcies, and re-possessions and the bankers can buy up everything for pennies on the dollar. This is exactly what is happening today. But today, economists who seek to hide these truths from you, call it the "Business Cycle".

Early philosophers like Aristotle, believed that usury was bad for society because the purpose of money was to move goods in society from person to person. The interest on money slowed all of that down, and hence, slowed down the progression of society. It put an unnecessary burdon on money.

Later, the church had outlawed usury as well, but as society grew, they passed laws to allow certain "taxes" on money.

King Henry I of England decided to try to wrestle the power away from the Goldsmiths around 1100 A.D. He invented the "Tally Stick" system. This system lasted 726 years until 1826. Notches were carved along side a wooden stick, indicating various denominations, or amounts. Then the stick was split down the middle, with each half holding a record. Then the King would hold one-half in safekeeping to avoid counterfeiting and he would "spend" the other half into the kingdom or economy, and they would circulate as money. As a matter of fact, shares in the Bank of England were purchased with a tallystick, by at least one of it's shareholders. Yak Dung was used in Tibet as money. Now what do you think of money? Just what it always was, nothin' but S**T. (Money, it's a Hit, don't give me none of that do-goody-good bulls**t!)

In Irony though, shortly after the formation of the Bank of England in 1694, the bank had outlawed the "Tally-stick" system because it was money outside the power of the money changers.

In the 1500's , King Henry VIII relaxed the laws against usury, and the bankers went right to work again. They made the gold and silver money plentiful for a few decades. But, when Queen Mary took the thrown, she tightened the usury laws and the money changers began hoarding the gold and silver, thus causing a depression in the economy. When Queen Elizabeth took the thrown, she was determined to take the power away from the bankers. She decided to issue gold and silver coins from the Treasury to take control over the issuance of money.

Monetary policy played a role in the English Revolution in 1642, when Oliver Cromwell was financed by the bankers to overthrow King Charles. This gave the bankers a chance to consolidate their wealth and led to the establishment of the "City of London". The primier financial center of the world. But, later, conflicts with the Stuart Kings led to an alliance between these bankers and the Jews of Amsterdam to finance the invasion of England by William of Orange. This was the "Glorious Revolution of 1688', as well as the beginning of the "New World Order".

After a series of wars with France and the Netherlands, England was in dire need of money and struck a deal with the International Bankers. England would charter a Government sanctioned, privately controlled, "Central Bank", that would print money out of nothing. It would be called the "Bank of England" to lead people to believe that it was a bank of "England", which it wasn't. The bank sold shares to "Private Investors" and the names of these investors was never disclosed. They were supposed to put up 1 1/4 Million British Pounds in gold coin, but only 750,000 Pounds was ever recieved. The Bank was chartered in 1694 and began loaning out several times more money than it had recieved, at interest. (Fractional Reserve Banking, again.) They would loan the politicians as much money as they wanted, but they had to secure the debt by the "direct taxation" on the people.

(So today, the central bank scam is really a hidden tax. The government sells bonds to the central bank to pay for things it does not have the political will to raise taxes to pay for, but the bonds are purchased with money the central bank creates out of nothing. More money in circulation makes your money worth-less. The government gets as much money as it needs and the people pay for it with "Inflation".)

Soon there was an abundance of money and the price of things doubled. Loans were granted for just about anything. The government debt went from 1 1/4 Million Pounds in 1694 to 16 Million Pounds by 1698. Then the economy went through a series of Booms and Depressions. Just like we are going through today.

50 years after the Bank of England was chartered. Amschel Moses Baur opened a "Counting House" and put up a sign with a "Roman Eagle with a Red Shield". This was to become known as the "House of the Red Shield", or "House of Rothschilds". His son Amschel Meyer Baur changed his name to "Rothschild". He learned to loan money to kings and governments, instead of people. This was more profitable because the loans were secured by the "taxes" on the people. Amschel Had 5 sons. His first son Amschel Meyer stayed in Frankfurt. His second son Soloman went to Vienna, third Nathan, was sent to London, at age 21, in 1798. Carl, his forth son, went to Naples, and Jacob, his fifth son, went to Paris.

In 1785, Mayer Amschel moved his entire family to a House called the "Greenshield", which they shared with the "Schiff" family.

The Rothschilds broke into financial dealings with Royalty through Prince William of Hess Hessell, whom Rothschild was helping to speculate on precious coins. But when Napolian chased William into exile, William sent 550,000 Pounds to Nathan Rothschild in London, with instructions to buy Consoles (British Government Bonds), also called Government Stock, but Rothschild used the money for his own purposes, speculating on the conflicts. Price William returned shortly before Waterloo in 1815 and demanded his money back from Rothschild. Rothschild gave the Prince all of his money back, including the interest he would have earned if he had invested in the Consoles, but Rothschild kept 100% of the profits that he had earned playing with the Prince's money. This made Rothschild very wealthy.

Nathan Rothschild once bragged that in the 17 years he had been in England, he had increased the original wealth of 20,000 Pounds, given to him by his father, by over 2500 times. By the mid 1800's the Rothschilds were one of the wealthiest families in the world and controled all the major banks of Europe. (At this point it would be appropriate to interject an editorial note: Most people who study conspiracies think the Rothschilds run the world, and some believe falsely, that they always have. Others, who are racist, and anti-semitic point to this era and try to use it to "prove" that "Jews" run the world. I have put together a "Roots of Racism and Anti-Semitism" Page, which you can view by Clicking Here. This should tie several ideas in together and explain in part why this is NOT true, even though it may appear that way at times).

The Rothschilds financed Cecil Rhodes and his control over the Diamond Mines in South Africa, as well as the Harrimans and Vanderbilts and the Railroad empire, and Andrew Carnegie and the Steel Industry. After J.P. Morgan's death, it was discovered that he owned only 19% of J.P. Morgan companies. In 1850, James Rothschild, the heir of the French branch of the family was said to be worth 600,000,000 French Franks. That was 150,000,000 more than all the other bankers in France combined.

By the mid 1700's, the British governments debt to the Bank of England was 140,000,000 Pounds, which was quite a bit. So, they looked to the colonies in America to "extract" the revenue necessary to pay the British governments debts to the Bank of England.

Benjamin Frankin was sent to London in 1757. It was during this time that the colonies began to experiment with the issuance of their own currency, called "Colonial Script". This worked well. It was debt free, not interest bearing.

Benjamin Franklin was called before the Parliament in London and asked how he could account for the prosperity in the colonies. Here is what Benjamin Franklin had to say :

"That is simple. In the colonies, we issue our own paper money. It is called 'Colonial Script'. We issue it in proper proportion to make the goods pass easily from the producers to the consumers. In this manner, creating ourselves our own paper money, we control it's purchasing power and we have no interest to pay to no one."

(To read about this exact incident, and what Benjamin Franklin had to say about it, Click Here!!)

Later, Franklin wrote in his autobiography, "The colonies would gladly have borne the little tax on tea and other matters, had it not been that England took away from the colonies their money, which created unemployment and dissatisfaction. The inability of the colonists to get power to issue their own money permanently out of the hands of George III and the International Bankers was the Prime reason for the Revolutionary War. - There you have it!

Originally, King George was a stockholder of the Bank of England. Although he lost the war with the United States, he stood to gain shortly with the re-establishment of a Central Bank in the United States. The war, itself, was originally over bills of exchange. England passed a law making it illegal for the colonies to isse their own currency. It was called the "Currency Act of 1764". This caused a great depression in America. Before this happened, the colonies were prosperous. Too prosperous for Great Britain. Therefore THE CURRENCY ACT OF 1764 WAS THE PRIMARY CAUSE OF THE REVOLUTIONARY WAR. Upon learning that the People of America had learned the "Secret" of Money, the Bank of England through the Crown declared war on the Colonies.

Franklin then wrote of the conditions that occured after the "Currency Act was passed : "In one year, the conditions were so reversed that the era of prosperity ended, and a depression set in, to such an extent that the streets of the Colonies were filled with unemployed"

At the beginning of the War at Lexington and Concord, in 1775, the Colonies had been drained of all their Gold and Silver by heavy taxation. The Continental government had to print money to finance the war. At the beginning of the war the U.S. money supply was at 12 Million Dollars, but by the end of the war, it was 500 Million dollars, thereby making the colonists money virtually worthless.

In 1781, the Continental Congress was desperate for fundsand met at Independance Hall to appoint their Financial Superintendant Robert Morris, to head the "Bank of North America", which was closely modeled after the Bank of England and was allowed to practice "Fractional Reserve Banking". Robert Morris had made lots of money during the war trading war materials. The banks charter called for private investors to put up $400,000.00 Capital as the initial investment. But when Robert Morris was unable to raise up the capital he used his political influence to have Gold deposited in the bank that had been loaned to America by France. Then he loaned this money to himself and his friends to "re-invest" in shares of the bank. The bank also held a monopoly over the National Currency. The Value of American currency fell, and the people realized the dangers of a central bank. At least for a short time. The banks charter was not renewed in 1785. The leader of the effort to kill the bank, William Findley had this to say about it : "The institution, having no principle but that of avarice, will never be varied in it's object...to engross all the wealth , power and influence of the state". The men behind the "Bank of North America" were Thomas Wiling (the banks president), Robert Morris and Alexander Hamilton.

In 1787, when the Continental Congress met to adopt the replacement to the Articles of Confederation, which would become the Constitution, Jefferson had this to say about establishing a central bank in America : "If the American people ever allow private banks to control the issue of currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered".

Gouvernor Morris was the head of the committee that wrote the final draft of the Constitution. Gouvernor Morris, along with Robert Morris, his boss, and Alexander Hamolton were the one who presented the plan for the "Bank of North America" to the Continental Congress previously. During the debate over the future monetary system of America, Gouvernor Morris spoke out against the new Central Bank plan. He knew what was in store and what the bankers wanted in America. In a letter to James Madison on July 2, 1787, he wrote : "The rich will strive to establish their dominion and enslave the restThey always did..They always will. They will have the same effect here as elsewhere, if we do not, by the power of government, keep them in their proper spheres".

Only a few years later, when Hamilton was Secretary of the Treasury, he helped push a Bank Bill through Congress to establish the "First Bank of the United States" in 1791. Thomas Wiling again served as the banks president. This was the same year that Rothschild said : "Let me issue and control a nations currency and I care not who makes its laws". This bank was given a 20 year charter. Just as with the "Bank of North America" before it, this bank was given a monopoly over the currency in America. And just as with the "Bank of America", the Private Stockholders really never had to put up the funds on their end. While 80% of the stock was to be held privately, and the other 20% purchased by government, it was through the aquisition of the 20%, and then the Franctional Reserve banking "tricks", and wha-lah, this somehow paid for the Private Investors portion, which was never put up AT ALL. The government put up the initial $2 Million and through Fractional Reserve banking, the bank then made loans to it's private investors for the remaining $8 Million Dollars. Over the first 5 years the government borrowed 8.2 million dollars, and over the same 5 year, prices rose by 72%. Thomas Jefferson, as the new Secretary of State, watched with sadness, and made the following statement "I wish it were possible to obtain a single amendment to our Constitution - taking from the federal government their power of borrowing".

In Paris, the Bank of France was created in 1800, just like the Bank of England. Napoleon wanted France to break free from the power of the bankers and the debt. He said that when the government is dependent on bankers for money, the bankers, not the leaders of government, are in control. This is what he said "The hand that gives is above the hand that takes. Money has no motherland; financiers are without patriotism and without decency: their sole object is gain".
In 1800, Thomas Jefferson narrowly defeated John Adams to become the third President. By 1803, Jefferson and Napoleon had struck a deal. The U.S. would give Napolean $3 Million in Gold in exchange for the Louisiana Territory. Napoleon took this money and set out about Europe to conquering everything in his path. But the Bank of England financed every nation in his path to oppose him, reaping profits from all angles. Prussia, Austria, and Russia all went heavily into debt trying to oppose Napoleon. While the French army was in Russia, Nathan Rothschild, the head of the London office of the Rothschild family organized a smuggled shipment through France to finance an attack by the Duke of Wellington of Spain. This led to Louise XVIII of France becoming king. Then several years later, after Napoleon returned from exile, it was said that he borrowed $5 Million from the Bank of England.
At Waterloo, where Napoleaon suffered his final defeat, Rothschilds had agents located. Rothworth, a friend of Rothschild, delivered the news of Napoleans defeat 24 hours before Wellington's own courier.
Upon hearing the news, Nathan took up his position at the Stock Market. All eyes were on him. People knew that he had a legendary communications network, and he would be privy to certain "news". Investors knew that if Napoleon had won, and Wellington had been defeated, and Napoleon was loose on the continent again, Britain's financial future would be uncertain. He looked down, and at one point he began selling. This led investors to believe that Napoleon had won and Wellington had been defeated. Soon, panicked investors began selling their consules, (British Gov. Bonds) and Britain's stock market plummeted, and their prices started falling. Then, secretly, Rothschild had his people buy up all these Bonds for only a fraction of their worth. 100 Years later, The New York Times ran a story about how Rothschild's grandson had attempted to aget a court order to suppress the release of a book that documented this incident. The Rothschilds claimed the book was untrue and libelous. The court rejected the Rothschild claim and allowed the publication to proceed.
There is speculation that it was at this precise moment that the Rothschilds took control of the British Bond market and ultimately, the Bank of England.

In 1811, a bill was put forth to renew the charter of the Bank of the United States. The Legislators of Pennsylvania and Virginia passed Resolutions asking congress to veto the bill. In 1812, Jefferson refused to renew the Charter, and then England brought on the war. (The other reason for the war was that the "Original 13th Amendment" had been ratified in 12 of the required 13 states, and was in the process of being finally approved. To read about that, Click Here!!) Then, a few years later, in 1816, another Rothschild agent, Nicholas Bittol, chartered the second Central Bank of the United States. At this time is was suggested that the Rothschild had control over the Second Central Bank in the United States.
In 1828, Jackson was elected President. Immediately, he went to work to get rid of the bankers people in the U.S. posts. He fired 2,000 of the 11,000 federal government employees. In 1832, when Jackson was up for re-election, the banker's tried to get an early renewal bill for the Bank passed. But, Jackson vetoed the bill and made a speech concerning this event. He said "It is not our own citizens only who are to receive the bounty of our government. More than 8 Millions than the stock of theis bank are held by foreigners...Is there no danger to our liberty and independence in a bank that in it's nature has so little to bond it to our country? Controlling our currencies, recieving our public moneys, and holding thousands of our citizens in dependence...would be more formidable and dangerous than a military power of the enemy. If government would confine itself to equal protection, and, as Heaven does it's rains, shower it's favor alike on the high and the low, the rich and the poor, it would be an unqualified blessing. In the act before me there seems to be a wide and unnecessary departure from these just principles".
In 1832, when Jackson ran for re-election, he was the first president to take his campaign on the road. His slogan was "JACKSON and NO BANK!" Despite the fact that the bankers poured over $3 Million into Henry Clay's campaign to defeat Jackson, he still won by a landslide. When re-elected he stated "The hydra of corruption is only scotched, not dead". In 1833, he attempted to remove the government deposits in the bank, but people in that position refused to do so. He had to fire two people until, the third person selected was coming up for appointment, and he was opposed. Nicholas Bittle made the following bold statement after this event, "This worthy President thinks that because he has scalped indians and imprisoned judges, he is to have his way with the bank. He is mistaken." -- Then he made an even bolder statement, declaring that the bank would make money scares to get congress to restore the bank. He stated "Nothing but widespread suffering will produce any effect on Congress... Our only safety is in pursuing a steady course of firm restriction - and I have no doubt that such a course will ultimately lead to restoration of the currency and the recharter of the bank." This is what happened. But, Biddle blamed it all on Jackson. This led to his censure by Congress.
In 1834, the House voted against re-chartering the bank. Then this was followed up by an investigation into whether the bank had caused the crash. When the investigators arrived with subpoenas to get the evidence from Nicholas Biddle, they were denied any information. They were also refused info. concerning money he had given to congressmen prior to the vote, and he refused to testify before the committee.
In 1835, Jackson payed off the final installment on the national debt. He was the first and only president to ever do this. This debt was necessitated by the banks' issuing currency for government bonds instead of just issuing Treasury notes with such debt.
A few weeks after this, a man by the name of Richard Lawrence tried to shoot Jackson. Both revolvers failed and he was arrested and tried. He was found not guilty by reason of insanity and after his release had been known to brag to several friends that wealthy people in Europe had put him up to it and promised to get him released if he had been caught.
In 1836, Andrew Jackson said "By God, you are a den of vipers and theives and I intend to route you out", and he removed all the government deposits in the second Bank of the United States, and it collapsed. To get revenge, England suspended all American paper and caused the first depression in America, called the "Panic of 1837". During this banker instilled "Panic", the Rothschilds bought up American Securities at $.01 on the Dollar. This money was used to get the first "puppet" financiers and "Industrialists" off the ground. This was mainly J.P. Morgan, who was the Rothschilds "secret" agent" in America, as well as the Rockefellers.
Then the bankers went to work to start the civil war. Otto Von Bismark, the chancellor of Germany, who united the German states just a few years later, had this to say : "The division of the United States into federations of equal force was decided long before the civil war by te high financial powers of Europe. These bankers were afraid, that the United States, if they remained as one block, and as one nation, would attain economic and financial independence, which would upset their financial domination over the world". (Whew, quite a statement there!)
Why was Abraham Lincoln assassinated? There is good reason to believe that the bankers were behind it. When Lincoln needed money for the war in 1861, and went with his Secretary of the Treasury Soloman P. Chase, to get loans, he was offered loans at 24 to 36% interest. Lincoln refused. He called on his friend Colonal Dick Taylor of Chicago to help him figure out how to finance the war. After one session, they met, and Lincoln asked him how it could be done. Here is Dick's reply : "Why Lincoln, that is easy. Just get Congress to pass a bill authorizing the printing of full legal tender Treasury notes... and pay your soldiers with them, and go ahead and win your war with them also".
In 1862 and 1863, he printed $450 Million dollars in interest-free "Green-backs". He stated "The government should create, issue, and circulate all the currency and credit needed to satify the spending power of the government and the buying power of consumers. -- The privilege of creating and issuing money is not only the supreme prerogative of government, but it is the government's greatest creative opportunity. -- By the adoption of these principles... the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity." An editorial in the London times revealed the bankers attitude at the time, "If this mischievious financial policy, which has it's origin in North America, shall become endurated down to a fixture, then that government will furnish it's own money without cost. It will pay off debts and be without debt. It will have all the money necessary to carry on it's commerce. It will become prosperous without precedent in the history of the world. The brains, and wealth of all countries will goto North America. That country must be destroyed or it will destroy every monarchy on the globe".
Shortly before he was assassinated, he made the following statement : "The money power preys upon the nation in times of peace, and conspiracies against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy."
After Lincoln's death, Otto Von Bismark made the following statement, "The death of Lincoln was a disaster for Christendom. There was no man in the United States great enough to wear his boots. I fear that foreign bankers with their craftiness and torturous tricks will entirely control the exhuberant riches of America, and use it systematically to corrupt modern civilation. They will not hesitate to plunge the whole of Christendom into wars and chaos in order that the Earth should become their inheritance."

The Founding Fathers were MOST opposed to the international bankers. In the banking quotes section, you can read the dozens of statements that they made. (To Read, Click Here!!)
Many authors over 50 years have written on the Federal Reserve and it's role in bankrupting our economy so I will only bring out the most important parts.

Previously, certain beliefs were held by people in this country, as to how and why our Federal Reserve had come to run the country. But, recently, with the advent of much commercial law info. coming down the "pike" these days, there are many newly revised theories and ideas about how our country is run and why it is run that way.

Many people believe that Gold and Silver are the only valuable commodities with true "Value". They also believe that our "Paper Money", backed by our belief in "In God We Trust", is completely worthless and this has been done intentionally. There is alot of truth to that, and I used to believe that wholeheartedly. Now, I only look at it as a "Half-Truth". Listening to Rice McLeod on his Seminar Video Tapes, he talks about letters written from J.P. Morgan to his son. In those letters J.P. Morgan is expalining to his son why they crashed the market. He explains it was to "get ahold of the commodities market". One of the things he was bringing up is that you can not "Eat Gold or Silver" when there is famine and starvation, so what good is it, really. Now, there is some real truth to this. Especially for those that are "Stuck" in the Gold and Silver mindset.

In order to bring about the "Industrial Revolution", the banks needed to "Float the Economy", meaning they needed to inflate the economy with "Value" that doesn't really exist. In order to do this, you must be dealing with "Paper Currency", which is more "Flexible". Transfer is easier than with metals, and now, with "Electronic Funds Transfer", and more recently "E-Commerce" in whole, could you imagine sending money to websites that is only gold or silver, in the mail. This is how you would have to do it to actually transfer the Gold or Silver. Even that is changing now, though, with "E-Gold" on the Internet. But, in the past, in order to "Move Money", you had to use "Paper". Checks, Drafts, Notes, and Bills of Exchange.

In Europe, in the 1700's and 1800's, they used "Bills of Exchange" commonly between bankers and businessmen. A "Bill of Exchange" would be drawn on one bank ordering them to "Pay" to another Bank or another Party, and presented for "Acceptance" or "Dishonor". This methos of doing business without metals goes back even further to the time of the Knights Templars in the 1100's and up to the 1300's. These "Early Day Bankers" invented the modern day "Check". They stored their immense treasures of Gold and Silver in the Temples. If you were a traveler and you dealt with the Templars, you could present a check to them drawn on your account from another Temple. (Things don't change too much over time, do they? The Templars are called the "Masons" today, and the Temples are called "Banks").

Even before this, going back to Rome, there was a problem with the money changers. Two early Roman Emperors tried to put a stop to their practices by passing usery laws, and limiting land ownership to 500 acres. They were both killed. Julius Ceasar returned to Rome the ability to coin it's own money. This made Rome prosperous and also led to his death, by the "Money-Changers".

In the time of Jesus written about in the Bible, Jesus cast the money changers out of the Temple. When Jews came to Jerusalem to pay their Temple tax, they could only pay with a half-sheckal, which was a half-ounce of silver. It was the only coin around at the time that weighed a half-ounce, and did not have a pagan Emporer on it. So, it was the only money that the Jews would use at the time. But the money changers had cornered the market on them and were cutting the supply, and raising the price to whatever they wanted. This was the reason Jesus supposedly overthrew the table of the money changers.

So, in a sense, what they have done is help to "facilitate the transfer of goods and services" in the national economy. Not a bad thing, in itself, unless you consider the fact that they have been keeping the "Secret" of Banking to themselves. Whay are we (the U.S.) borrowing money from another "Private Corporation", when we could be issuing it ourselves? THIS is the Problem. What they have concealed from the masses is the simple fact of "WHERE "CREDIT" MONEY COMES FROM!!! It comes from "Your Signature". Unless you borrow on somebody elses signature. Then you owe them. That is what we are doing. Borrowing on other people's signatures, instead of using our own.

There is NO MONEY in oue society today. There is ONLY "Credits" and "Debits". But, the question will remain, "Where do they come from?" Well, if you believe they come from the government, a corporation, or if you believe they come from somewhere "Outside" of yourself, you are FOOLING YOURSELF, and you will remain Locked-Away from the truth. CREDIT IS CREATED WITH A SIGNATURE!! You are either a "Creditor", or a "Debtor", period. (To learn more about this exact information, Click Here!!)

Ever since the bakruptcy, they have been borrowing on OUR Credit, through our Birth Certificates, which were pledged as the Collateral fore the debt, in 1933. (To learn more about the Bankruptcy of 1933, Click Here!!)

Currently, the FED regulated the "Value" of the Dollar, geographically, throughout the country. However, this is only the "Public Side" of the banking system. All of the money is "Borrowed into circulation", and therefore carries with it a "Public Liability". This is a "Negative Charge" (-) . When you carry this "Negative Charge" around with you, you must be careful, because you can cause a "short" to occur.

All that "money" or credit is, is electrical energy. That is why it is called "Currency". Our life's energy was "pledged", to the "Public Side" of the government corporation when our Birth Certificates were "Registered". (See: Matrix / Very Similar) So, the money borrowed into circulation from our Birth Certificates represents our Lifeblood "Energy". The Courts were set up to regulate the flow of this energy. (Mostly from your pocket into theirs). But, that is why they are called "Circuit Courts". Because they regulate the flow of Currency in circulation. That is why they are always after your pocketbook, more than actually punishing you or teaching you a lesson.
Paulo
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Secret Maneuverings Of The Plunge Protection Team

Postby linn » 06 Mar 2007, 08:39

Secret Maneuverings Of The Plunge Protection Team
By Mike Whitney
fergiewhitney@msn.com


The Working Group on Financial Markets, also know as the Plunge Protection Team, was created by Ronald Reagan to prevent a repeat of the Wall Street meltdown of October 1987. Its members include the Secretary of the Treasury, the Chairman of the Federal Reserve, the Chairman of the SEC and the Chairman of the Commodity Futures Trading Commission. Recently, the team has been on high alert given the increased volatility of the markets and what Hank Paulson calls "the systemic risk posed by hedge funds and derivatives."

Last Tuesday's 416-point drop in the stock market as sent tremors through the global system. An 8% freefall on the Chinese stock exchange triggered a massive equities sell-off that continued sporadically throughout the week. The sudden shift in sentiment, from Bull to Bear, has drawn more attention to deeply rooted "systemic" problems in the US economy. US manufacturing is already in recession, the dollar continues to weaken, consumer spending is flat, and the sub-prime market in real estate has begun to nosedive. These have all contributed to the markets' erratic behavior and created the likelihood that the Plunge Protection Team is stealthily intervening behind the scenes.

According to John Crudele of the New York Post, the Plunge Protection Team's (PPT) modus operandi was revealed by a former member of the Federal Reserve Board, Robert Heller. Heller said that disasters could be mitigated by "Buying market averages in the futures market, thus stabilizing the market as a whole." This appears to be the strategy that has been used.

Former Clinton advisor George Stephanopoulos verified the existence of The Plunge Protection Team (as well as its methods) in an appearance on Good Morning America on Sept 17, 2000. Stephanopoulos said:

Well, what I wanted to talk about for a few minutes is the various efforts that are going on in public and behind the scenes by the Fed and other government officials to guard against a free-fall in the markets . . . perhaps the most important the Fed in 1989 created what is called the Plunge Protection Team, which is the Federal Reserve, big major banks, representatives of the New York Stock Exchange and the other exchanges and they have been meeting informally so far, and they have a kind of an informal agreement among major banks to come in and start to buy stock if there appears to be a problem.


They have in the past acted more formally. I don't know if you remember but in 1998, there was a crisis called the Long term Capital Crisis. It was a major currency trader and there was a global currency crisis. And they, with the guidance of the Fed, all of the banks got together when it started to collapse and propped up the currency markets. And, they have plans in place to consider that if the markets start to fall.

Stephanopoulos' comments have never been officially denied. In fact, as Ambrose Evans-Pritchard of the UK Telegraph notes, Secretary of the Treasury Hank Paulson has called for the PPT to meet with greater frequency and set up "a command centre at the US Treasury that will track global markets and serve as an operations base in the next crisis. The top brass will meet every six weeks, combining the heads of Treasury, Federal Reserve, Securities and Exchange Commission (SEC), and key exchanges." This suggests that the PPT may have been deeply involved in last Wed's "miraculous" stock market rebound from Tuesday's losses. There was no apparent reason for the market to suddenly "go positive" following a ruinous day that shook inv. confidence around the world. The editors of the New York Times summarized the feelings of many market-watchers who were baffled by this odd recovery:

"The torrent of bad news on housing is only worsening, with a report yesterday that new home sales for January had their steepest slide in 13 years . . . Manufacturing has already slipped into a recession, with activity contracting in two of the last three months. How is it then that investors took Mr. Bernanke's words as a 'buy' signal?"

How indeed, unless other forces were operating secretly behind the scenes?

Market Rigging

"Gaming" the system may be easier than many people believe. Robert McHugh, Ph.D. has provided a description of how it works which seems consistent with the comments of Robert Heller. McHugh lays it out like this:

The PPT decides markets need intervention, a decline needs to be stopped, or the risks associated with political events that could be perceived by markets as highly negative and cause a decline, need to be prevented by a rally already in flight. To get that rally, the PPT's key component -- the Fed -- lends money to surrogates who will take that fresh electronically printed cash and buy markets through some large unknown buyer's account. That buying comes out of the blue when short interest is high. The unexpected rally strikes blood, and fear overcomes those who were betting the market would drop. These shorts need to cover, need to buy the very stocks they had agreed to sell (without owning them) at today's prices in anticipation they could buy them in the future at much lower prices and pocket the difference. Seeing those stocks rally above their committed selling price, the shorts are forced to buy -- and buy they do. Thus, those most pessimistic about the equity market end up buying equities like mad, fueling the rally that the PPT started. Bingo, a huge turnaround rally is well underway, and sidelines money from Hedge Funds, Mutual funds and individuals' rushes in to join in the buying madness for several days and weeks as the rally gathers a life of its own. (Robert McHugh, Ph.D., "The Plunge Protection Team Indicator")


If a secret team is interfering in the stock market, it presents serious practical and moral issues. For one thing, it disrupts natural "corrections" which are a normal part of the business cycle and which help to maintain a healthy and competitive slate of equities.

More importantly, outside intervention punishes the people who see the weaknesses in the stock market and have invested accordingly. Clearly, these people are being ripped off by the PPT's back-channel manipulations. They deserve to be fairly compensated for the risks they have taken.

Moreover, artificially propping up the market only encourages over -leveraged speculators and smiley-face Pollyanna's who continue to believe that the grossly inflated market will continue to rise. Rewarding foolishness only stimulates greater speculation.

The tinkering of the PPT is sure to erode confidence in the unimpeded activity of capital markets. It's astonishing to think that, after years of singing the praises of the "free market" as the ultimate expression of God's divine plan, these same conservative ideologues and "market purists" favor a strategy for direct intrusion. The actions of the Plunge Protection Team prove that it's all baloney. The "free market" is merely a Public Relations Myth with no basis in reality. Saving the system will always take precedent over ideology; just as the "invisible hand" will always be overpowered by the manicured and mettlesome fingers of banking elites and Wall Street big wigs. It's their system and they're not going to let it get wiped out by some silly commitment to principle.

The free market system is supposed to be "self cleansing" through cyclical purges of over-inflated equities and over-extended speculators. Do we really want "central planning" from an Unelected Market-Nanny that re-jiggers the system according to its own economic interests?

The Plunge Protection Team may wrap itself in pompous rhetoric, but it operates like a Fiscal Politburo inserting itself into the market in way that promotes the narrow interests of its own constituents. It's an outrage.

Besides, the market is so fragile it trembles every time someone halfway around the world sells a fistful of equities. It needs a good shakedown.

The years of deregulation have taken their toll. The market is resting on a foundation of pure quicksand. Collateralized debt, rickety hedge funds, shaky sub-prime equities, and an ocean of margin debt are just a few examples of deregulation's excesses. These untested debt-instruments are presently bearing down on Wall Street like a laser-guided missile. It'll take more than Hank Paulson and his PPT "plumber's unit" to prevent the implosion.

Wall Street needs to regain its lost credibility with more regulation and stricter laws. The system needs a major face-lift. Still, even as the markets rumble and shake, Paulson rejects any move towards greater government supervision. According to the New York Times:

Henry Paulson and top financial regulators said the govt. need not - - and should not -- provide greater oversight for the $1.4 trillion hedge fund industry, or, by extension, the trillions of dollars more in complex derivative transactions spawned by the industry. That stance is mostly free-market ideology run amok. But it is also based on the unproven assumption that unregulated investing, which dispersed risk and reduced volatility as markets surged, will continue to do so when markets tank.

The upshot is a one-sided bet for investors. They have explicit assurances from regulators and policy makers that almost anything goes when the markets are hot, and implicit assurances -- based on past experience -- that the Fed would lower interest rates to contain a financial crisis should one erupt. Unfortunately, there is no guarantee that easing up on rates would have the same powerful effect in a future crisis as it had in the past.

The next crisis appears to be building around weakness in the United States, not in Russia or Asia or South America. That means money could flow out of the country if markets were rattled. That would weaken the dollar and require speedy and complex remedial action by the world's central banks - - not just a rate cut by the Fed.


The Times is right. Paulson's "hands off" attitude is a classic example of "free-market ideology run amok." A meltdown in the Hedge funds industry or the derivatives market would bring the entire economy crashing to earth. Paulson's Plunge Protection Team is a band-aid approach to a much more serious dilemma. It's time for the government to get involved and protect the small investor.

Paulson has shown that he understands the problem; he simply resists the solution. Just a few months ago he opined, "We need to be vigilant and make sure we are thinking through all of the various risks and that we are being very careful here. Do we have enough liquidity in the system"?

No, we don't, and Paulson knows it. That's why there's a plan to fiddle with the system and try to "cheat the Reaper." But it won't work. This is the biggest equity bubble in history. Neither increasing the money supply nor lowering interest rates will fend off the impending catastrophe. We need to address the mushrooming risk that has arisen from lending hundreds of billions in sub-prime loans, and from overexposure in the hedge funds and derivatives markets. These things need to be confronted immediately as they pose a "clear and present danger" which could set off a chain reaction of defaults and bankruptcies.

The world's markets are facing a global liquidity crisis that will become more evident as the real estate sub-prime market continues to deteriorate. This will undoubtedly be accompanied by larger and more ferocious gyrations in the stock market.

Does "Hans Brinker" Paulson really believe he can stop the flood by sticking his well-burnished finger in the dike?

It's All Uphill from Here on Out

The US economy faces daunting challenges in the near-future: - a steadily shrinking manufacturing sector, - increasing job losses in housing, - a nascent currency crisis, and - a real estate market that is in full retreat. Additionally, the "always dependable" U.S. consumer is showing signs of fatigue, which is pushing investors towards foreign markets.

This explains why "the SEC said it aims to slash margin requirements for institutions and hedge funds on stocks, options, and futures to as low as 15pc, down from a range of 25pc to 50pc. The ostensible reason is to lure back hedge funds from London, but it is odd policy to license extra leverage just as the Dow hits an all-time high and the VIX 'fear' index nears an all-time low - - signaling a worrying level of risk appetite. The normal practice across the world is to tighten margins to cool over-heated asset markets." (Ambrose Evans-Pritchard, "Monday View: Paulson Reactivates Secretive support team to prevent markets meltdown," UK Telegraph)

This is yet another red flag. The stewards of the system are actively seeking larger infusions of marginal debt just to keep the faltering market on its last legs.

That's not reassuring and it is clearly a step in the wrong direction. It further illustrates the worrisome level of recklessness at the top rungs of the decision-making apparatus.

Converting the PPT into another Safety-net for Private Industry

The original purpose of the Plunge Protection Team was to prevent another 1987-type "Black Monday" stock market crash. This seems like a reasonable way to address the prospect of a major economic collapse following a terrorist attack or a natural disaster. However, the systemic weakness in the market and the great uncertainty surrounding hedge funds and derivatives suggests that the PPL is probably being used to stabilize an over-leveraged and thoroughly debauched system.

If that's the case, then we need to know whether the PPT really operates in the public interest or if it is just a stopgap for big business to avoid a painful retrenchment?

It's the corporate warlords and banking moguls who have benefited the most from dismantling the regulatory system. The PPT creates an additional "taxpayer-supported" safety net for dubious debt instruments that are finally beginning to unravel. There's no reason why the market should be manipulated simply to protect private investment. It is a fundamental contradiction to the workings of a free market.

According to Michael Edward: ("The Secrets of the Plunge Protection Team," Rense.com):

Since 911, there have been at least 3 major long-term stock market rallies. In all 3 instances, when the markets opened all the indexes began to quickly plunge. In each incidence, by early afternoon the markets were brought back from the brink of collapse to the surprise of everyone, including historical analysts . . . An event that should have sent markets spiraling downward was the Enron, et al, unprecedented corporate accounting scandals. Yet despite this, an unprecedented across-the-board markets rally began on July 24, 2002. Once again, the European Press called it a "PPT rally."


Edward goes on to say that outside the US it's "no secret" that the market is being manipulated. He cites an article in the UK Guardian (9-16-01) which states, "that a secretive committee...dubbed 'the plunge protection team'... is ready to coordinate intervention by the Federal Reserve on an unprecedented scale. The Fed, supported by the banks, will buy equities from mutual funds and other institutional sellers."


There are myriad other examples which support Edward's basic theory. As the NY Post's John Crudele said, "Over the next few years, people like me suspected that Heller's plan was indeed in effect. Whenever the stock market was in trouble someone seemed to ride to the rescue."

Crudele is right, the market is being manipulated.

This may explain why the Federal Reserve mysteriously decided to stop publishing its M-3 report last year. Since the Fed is the "main resource" for buying averages in the futures market "the money is injected into markets via the New York Fed's Repo desk, which easily showed up in the M-3. . . .
Without the useful resource of M-3," Robert McHugh, Ph.D. says, "we need to find other tools to monitor when the PPT is likely to intervene, and kill shorts."

What? So by abolishing the M-3, the Federal Reserve has removed its greasy fingerprints from the smoking gun of market meddling?

It appears so.

Trust in the Free Market is Wavering

Whatever happened to the idea of completing the "market cycle" and allowing markets to self-correct whether that meant belt- -tightening or not? And, what about the ethical question of whether government manipulation should be allowed in a "free market"?

Also, by what authority do the government and the privately owned banks interfere in the futures markets and shift momentum from the prevailing trend? Is this a free market or a command economy?

The precariousness of our present economic situation has caused these dramatic changes and strengthened the conjugal relationship between the privately owned Central Bank, major corporations and the state. The market is more vulnerable now than anytime since the late 1920s, a fact that was emphasized in a statement by the IMF just two months ago:

"Financial markets have failed to price in the risk that any one of a host of threats to economic security could materialize and deliver a massive shock to the world economy. It is clear that risks are on the downside of a sharper than expected slowdown in house prices that would produce weaker-than-expected growth that would have implications for global growth and financial markets." ("IMF: Risk of global crash is increasing," UK Independent)

Risk, overexposure, cheap money, shaky loans, a falling dollar, low reserves and a confidence deficit -- these are the crumbling cinder blocks upon which America's Empire of Debt currently rests. The possibility of a major disruption grows more likely by the day. Consider the world's 8,000 unregulated hedge funds with $1.3trillion at their disposal or the wobbly derivatives market and the effects that a sudden downturn might have. Kenneth J. Gerbino put it like this in his recent article "The Big Sell Off" on kitco.com:

With a global market panic starting in a low interest rate and, so far, low inflation environment, one has to be wonder about the real reason for (Tuesday's) sell-off. Easy money almost everywhere leads to leverage and speculation. Nowhere is this more prevalent than in the global derivatives market. It is not out of the question that third party defaults and risk aversion designed instruments that collapse and go sour may someday overwhelm the financial markets. Latest figures from the Bank of International Settlements: $8.3 trillion of real money is controlling $313 trillion in derivatives. That's 38 to 1 leverage. These figures are just for the over-the-counter derivatives and do not include the global exchange traded derivatives in currencies, stocks and commodities which are another $75 trillion.


"$8.3 trillion of real money is controlling $313 trillion in derivatives!"

This illustrates the sheer magnitude of the problem and the economy-busting potential of a miscalculation. That's why Warren Buffett calls derivatives "weapons of mass destruction." If there's a fire sale in hedge funds or derivatives, there's nothing the Plunge Protection Team or the Federal Reserve will be able to do to stop a meltdown. The market will crash leaving nothing behind.

We are reaping the rewards of a lawless, deregulated system that has removed all the safeguards for protecting the small investor. There is no government oversight; it's a joke. The stock market is a crapshoot that serves the sole interests of establishment elites, corporate plutocrats, and banking giants. The small investor is trapped beneath the wheel & getting squeezed more and more every day. He has no way to fix the markets like the big guys and no lobby to promote his interests. He must arrive at his decisions by researching publicly available information and then plunking down his money. That's it. He'd be better off in a casino; the odds are about the same.

-----------------------------------------------

Mike Whitney lives in Washington state, and can be reached at: fergiewhitney@msn.com.

http://www.dissidentvoice.org/Mar07/Whitney04.htm
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Re: THE SECRETS OF THE PLUNGE PROTECTION TEAM

Postby andrewgray » 02 Nov 2010, 06:46

It's a new information for me... do France have same regulation too? and I just wondering how does it affect the real estate France condition
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