Page 1 of 1

The Plunge Protection Team - PPT

PostPosted: October 9th, 2008, 7:35 pm
by Liv
"Financial War", great cache phrase. This 1997 article says nothing is all that bad until the President shuts down the financial markets.

There are just four people who control all of the U.S. markets through their use of dangerous and explosive DERIVATIVES. They are risking the assets and retirement funds of all Americans. Because of their manipulations, especially since 2001, U.S. financial markets are now based on the gambling whims of a special fraternity of Federal Government DERIVATIVE dealers.

This group is known among Wall Street as the Plunge Protection Team (PPT). Their "official" role was to prevent another 1987 "Black Monday". They have the entire U.S. Treasury at their disposal to manipulate the markets through DERIVATIVES (futures options). In other words, they are using the assets behind the U.S. Treasury to rig the prices of commodites (gold, currencies, etc.) and stocks. VIA

And then just recently...

Meeting in the utmost secrecy, this group has coordinated the targeted buying of billions of dollars in stocks and stock index futures to blunt the force of stock-market sell-offs, to prevent slides from developing into outright crashes, and to keep the American public from learning that the economy is actually in much worse shape than any of us can imagine.

Its name: the Plunge Protection Team, or PPT.

Few economists and Wall Street analysts have heard of the PPT, and most who have call it a conspiracy theory. Nonetheless, the PPT has proven a durable idea, and has fired imaginations not only in small blogs and online message boards, but in the mainstream press. British financial writers at the Observer and the Telegraph have asserted its existence and its extensive powers, and so has the writer and political commentator Kevin Phillips. John Crudele, a columnist at the New York Post, has in the past few years mounted a sustained campaign to expose the group's machinations. VIA