Yes it does exist. It is not a “conspiracy theory”.
In the past several days, the markets have been swinging back and forth, or shall we say down and up at break-neck speed. This is not the organic behavior of “free markets” at work. How does the Dow after opening over 1000 pts down – yes a THOUSAND! – a Hundred was a big swing not that long ago – and rocket up to finish down only 400. Then open up 400 and finish down 200. Yes, that’s a 600 pt swing. Then the following day start down and finish up 600, making back the previous day’s losses. It’s almost silly, it’s so ridiculous. Free money from the Fed conjured out of thin air works like magic.
One must realize that these markets are not barometers of the real economy, they are in fact smoke and mirrors used to create the illusion that all is well. They are like a big green curtain that the public can’t see behind or is it the wool being pulled over their eyes? When control slips away, it must be quickly gathered back to quell any panic.
In this interview by Greg Hunter of USAwatchdog.com Legendary gold expert Jim Sinclair says what is going on right now in the stock market is just the warm-up act.
“This is a pre-crash, and we are not making it through September without the real thing. Everybody is on credit. Main Street is on credit. This seems to be a bubble of historical proportion when it comes to the amount of money supporting the accepted lifestyles as being the new normal.
Raising interest rates is impossible today.
These are times never experienced in financial history. . . .It is very possible that we are going to have a super civilization change.
The US Plunge Protection Team is losing control of the markets, and Sinclair warns, “They got the dickens scared out of them. They actually backed off providing the funds necessary. . . . That’s your warning. The warning is markets can overrun plunge protection teams. Markets can and will overrun the manipulation of metals and currencies……
• source: USAwatchdog.com
Plunge Protection Team
- The President
- The head of the Fed
- The Treasury Secretary
- The head of the SEC
- The head of the CFTC
“Governments Control Markets; There Is No Price Discovery Anymore”
One year after the great stock market crash in 1987, US President Ronald Reagan launched the “Working Group on Financial Markets.” Conspiracy theorists believe, however, that the real task of this committee is to protect against a renewed slump in the stock market. In the jargon of Wall Street, the working group is known as the “Plunge Protection Team.”
One glimpse at a few days suring 2007/8 and it is clear that ‘someone’ with infinitely deep pockets was able to support markets on several critical days – though, of course, anyone proclaiming intervention was propagandized away as a conspiracy theory wonk. However, as Dr. Pippa Malmgren – a former member of the U.S. President’s Working Group on Financial Markets – it is not conspiracy theory, it is conspiracy fact: “there’s no price discovery anymore by the market… governments impose prices on the market.”
…..Here is Scott Nations in 2008 getting “Schiff’d” by the CNBC anchors (Liesman) and some other guest muppet when he dares to suggest the Fed is intervening and that the President’s Working Group (i.e. Plunge Protection Team) is hard at work…
• source: zerohedge.com
In this 38 minute interview Lars Schall, for Matterhorn Asset Management, speaks with Dr Pippa Malmgren, a US financial advisor and policy expert based in London. Dr Malmgren has been a member of the U.S. President’s Working Group on Financial Markets (a.k.a. the “Plunge Protection Team”). They address, inter alia:
- Malmgren’s recent book “Signals: the breakdown of the social contract and the rise of geopolitics”;
- the “inflation vs deflation” debate
- the closer ties between Russia and China
- the future of the Euro
- Germany’s gold reserves
- and the phenomenon of “financial repression”
- Moreover, Dr Malmgren explains what she foresees as the endgame of the financial crisis.
• source: GoldSwitzerland.com
“Fed To The Rescue” – The Plunge Protection Team Makes The Front Page
Guest Post: There Is A Plunge Protection Team – It’s Called The FOMC
The Plunge Protection Team Is Opening An HFT-Focused Chicago Office
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4 thoughts on “Is the Plunge Protection Team Losing Control?”
Reblogged this on An Outsider's Sojourn II and commented:
“One must realize that these markets are not barometers of the real economy, they are in fact smoke and mirrors used to create the illusion that all is well. They are like the big green curtain that the public can’t see behind or is it the wool being pulled over their eyes? When control slips away, it must be quickly gathered back to quell any panic.”
It’s my impression that the main thing Wall Street insiders (and US intelligence) know that the corporate media isn’t reported is that China has recently sold $1.1 trillion in US Treasury bonds – which effectively reverses the effect of quantitative easing: http://rielpolitik.com/2015/08/27/voodoo-economics-what-chinas-treasury-liquidation-means-1-trillion-qe-in-reverse/
Thanks for the link! I read something similar on ZH: