Juicing the stock market; the secret maneuverings of the Plunge Protection Team
14/10/2008 § Leave a comment
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.
Obviously these freaks can game the market by not acting to prevent a precipitous fall or by selling shares they previously bought in order to panic people into letting them save us by "bailing out" those sad Banksters…..
GET OUT WHILE YOU STILL CAN!!