>>the p.p.t. evidence <<

  1. 1,037 Posts.
    >>The P.P.T. EVIDENCE <<

    http://www.sprott.com/pdf/pressrelease/TheVisibleHand.pdf

    http://www.gata.org/SprottReportTheVisibleHand.pdf


    This report examines information indicating that the U.S. government has surreptitiously
    intervened in the American stock market. Important findings include the following:

    • A statement by former presidential adviser George Stephanopoulos and credible
    British press reports appear to confirm suspicions that the United States has a socalled
    “Plunge Protection Team” whose primary responsibility is the prevention
    of destabilizing stock market declines. Comprising key government agencies,
    stock exchanges and large Wall Street firms, this informal group was apparently
    created in 1989 as an outgrowth of the President’s Working Group on Financial
    Markets. This revelation is significant because the government has never admitted
    to private-sector membership in the Working Group.

    • The Plunge Protection Team is not merely concerned with the stability of the
    stock market. Speaking in 2001 as a correspondent for ABC’s “Good Morning
    America,” Stephanopoulos also revealed that at the time of the Long Term Capital
    Management crisis in 1998, the Federal Reserve directed large banks to prop up
    the currency markets. This was apparently done to diffuse a global currency crisis.
    We believe this crisis was rooted in the disorderly unwinding of the yen-carry
    trade, which resulted in the U.S. dollar plummeting against the Japanese currency.

    • In response to the September 11 terrorist attacks, the Federal Reserve and large
    Wall Street firms prepared to support the main stock markets by buying shares if
    panic selling ensued. Multiple news reports indicate that investment banks and
    brokerage houses took concerted actions in the aftermath of the tragedy.

    • Before the 2003 Iraq invasion, the U.S. and Japan reached an agreement to
    intervene in stock markets if a financial crisis occurred during the war. Though it
    was announced at a press conference by a Japanese government official, the U.S.
    never publicly acknowledged the accord.

    • We believe the stability of domestic stock markets is considered by the U.S.
    government to be a matter of national security. Interventions are likely justified
    on the grounds that the health of the U.S. financial markets is integral to
    American preeminence and world stability. This conclusion flows from an
    extraordinary financial war game exercise conducted by the Council on Foreign
    Relations in 2000 and attended by key policy-makers. In this vein, an article in
    Euromoney magazine disclosed that simulation participants displayed a
    willingness to consider government intervention in the stock market in the event
    of a financial crisis.

    • A 1989 USA Today story revealed that government regulators asked market
    participants to buy stocks in October 1989 to prevent another plunge. When these
    overtures proved ineffective, large brokerage firms appear to have intervened in
    the futures market to support the underlying index. In this regard, the recovery was remarkably similar to the miraculous turnaround in equities the day following
    the 1987 crash.

    • A 1989 Wall Street Journal op-ed piece written by former Federal Reserve
    governor Robert Heller may be the blueprint for the government’s preferred
    method of equity market stabilization. Heller suggested that the central bank be
    empowered to stabilize plunging stock markets by purchasing stock index futures
    contracts. Such a move would force the underlying index to rise. Of note, a 1992
    New York Post article quoted a former National Security Council economist as
    having confirmed that the government supported the stock market in 1987, 1989
    and 1992. The article indicated that ...........................

    http://www.sprott.com/pdf/pressrelease/TheVisibleHand.pdf

    http://www.gata.org/SprottReportTheVisibleHand.pdf


 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.