Open discussions of the Plunge Protection Team on CNBC
Source: http://feeds.feedburner.com/~r/YourFinancialFuture/~3/459651899/Posted on Thursday, November 20th, 2008 | In Gold Markets
The Plunge Protection Team…also known as the “Insider Bankster Group Joined at the Hip to Hank Paulson”…(IBGJHHP)…is starting to come under scrutiny.
Pretty interesting stuff.
Our friend Chris Powell at GATA just posted the following article:
***
Suspicions about Plunge Protection Team break onto CNBC
Submitted by cpowell on Wed, 2008-11-19 03:01. Section: Daily Dispatches
9:58p ET Tuesday, November 18, 2008
Dear Friend of GATA and Gold:
Cable television network CNBC today could not escape a discussion of the possibility that the U.S. government has been intervening in the stock market to prop it up at crucial moments. The discussion occurred because the issue was pressed by a guest on the network’s morning program — Scott Nations, president of Fortress Trading in Chicago.
Nations could offer little more than his suspicions, but the utter lack of curiosity shown by the other market analysts on the program was deplorable. They rejected the possibility out of hand when plainly they themselves knew little about the President’s Working Group on Financial Markets, nicknamed the Plunge Protection Team.
Nations attempted to note that the U.S. government lately has been intervening frequently in currency markets, but while this could not be denied, neither could it open any minds. Nations might have done well to note the government’s denial of the request of John Crudele of the New York Post to obtain minutes of the meetings of the President’s Working Group on Financial Markets:
For if the President’s Working Group on Financial Markets itself refuses to say what it’s doing, how can CNBC’s experts be so sure that it isn’t doing what so many people suspect?
You can watch today’s exchange on CNBC about the Plunge Protection Team here:
http://www.cnbc.com/id/15840232?video=931599105&play=1
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Last 5 posts by Alex Stanczyk
- Sprott: US Gov Dead Man Walking - October 21st, 2009
- Bank of England Governer: Regulation can not stop bank failures - October 21st, 2009
- Dollar Dead-Pool - October 15th, 2009
- Barclays: Gold can go to $1500 - October 7th, 2009
- Gold passes $1040 – Silver Passes $17 - October 7th, 2009
cable television network, Cable Tv, Chicago, Chris Powell, Fortress Trading;, Gold Markets, Hank Paulson, John Crudele;, New York post, Scott Nations;, the New York Post, United States, Us Government
 About Alex Stanczyk (http://rapidtrends.com/blog)
Alex Stanczyk is the editor of Your Financial Future. Mr. Stanczyk has launched numerous businesses, acted as the CEO of a Publicly Traded US Company, and brings over 21 years of business experience to YFF. He has authored numerous articles, mentored hundreds in personal finance and wealth building, and spends at least 4 hours each day studying the global markets, drawing insight and conclusions from the flows of global commerce. As an Affiliate of Anglo Far East Bullion Company, Mr. Stanczyk specializes in teaching foundational principles of money, the gold market, and why gold has been a storehouse for wealth for thousands of years. |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.