The Plunge Protection Team and the Ponzi Economy

On Thursday afternoon, May 6, 2010, you witnessed what was a historical Wall Street market Roller Coaster ride. In a period of 30 minutes, you saw the Dow Jones Industrial Average fall right at 1,000 points and then bounce back (almost immediately) over 600 points. I know most of y'all get your info from the boob tube or reading the major syndicated newspapers, but deep down you know that you aren't getting the whole story and therefore you aren't getting the real story.

Webster Tarpley pretty much hits the nail on the head in the following summarization:



The President's Working Group on Financial Markets (the Plunge Protection Team) was created by Executive Order 12631,[1] signed on March 18, 1988 by President Ronald Reagan.

The Group was established explicitly in response to events in the financial markets surrounding October 19, 1987 ("Black Monday") to give recommendations for legislative and private sector solutions for "enhancing the integrity, efficiency, orderliness, and competitiveness of [United States] financial markets and maintaining investor confidence".[1]

What we are seeing is that the Stock market is rigged and it is not worthy of investment. Many of us learned that after the Tech Bubble burst in 2000 and the manipulation that took place in after 9/11. Pump and Dump has become the rule of the day. Only the big Wall Street cartel banks (Goldman Sachs, JP Morgan, and Citi) can afford to play this game. It is a game of Inside Information and Market manipulation that is influenced by massive high volume triggered computer program trading.

These gigantic Financial Institutions are making money playing both sides against the middle. They make money playing long(on the way up) and then yo-yo shorting (on the way down) the market. They can also arbitrage the market trading millions of shares for fractions of a cent. When done by trading millions of stocks and not having to pay the transaction costs associated with the average investor's investments. And they make money through transaction costs by having their floor traders buy and sell stocks for clients (glorified bookies getting paid vigorish). We are told that this is what "makes the market." That is a load. They are privatizing the profits and nationalizing the losses. And all of this is facilitated by the World's Central Banks, including the United States Federal Reserve.

Fool me once, shame on you. Fool me twice, shame on me. How many times are the American people going to be duped by people who are supposed to have a fiduciary responsibility to act in our best interests. In the current Ponzi Scheme economy, we have seen the action of every man for himself exacerbated to its fullest extent. Personally, I have learned my lesson. For the rest of my life I will never invest in any securities and commodities traded on the New York Stock Exchange or NASDAQ ever again.

The Transnational Mega-Corporate Financial Institutions are consolidating assets and interests. They are larger and more powerful than most nations. They influence the decision making authority throughout our government. If we are going to take back our government and be a government of the people, by the people, and for the people, then we must divest ourselves of the financial interests that the financial institutions have influence over. The best thing we could ever do is boycott Wall Street and let the Oligarchs start attacking one another, because left to their own vises they will.

It is time to put an end to the Command Economy. You will not win in this system. This is a system of control. You cannot have a true market under this system. This is about consolidating power by accumulating wealth and buying off governments (elected officials and bureaucracies). Under this system, winners and losers will be chosen and odds are you will not be chosen as winners.

We are in a depression, not a recession. Many of you think that this is a normal business cycle and eventually things will naturally turn up. This is a structural problem that has been caused by corruption that has permeated throughout the social and economic system. As I have stated, we have built conflicts of interest, inside information, actions of provocateurs, etc. into the World Economic System and the system must be reset through valid Economic principles in order to begin growing again.

We cannot grow an economy by suppressing people. There has to be a middle class to buy products and services. People have to be able to advance socio-economically through hard work and perseverance and we are seeing the middle class destroyed under the current economic realities. What incentive do people have to be productive citizens and not trash the world, if they are essentially going to be turned into servants for the Fat Cats?

Max Keiser basically lays it all out there in explaining the Ponzi Economy: