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Re: bilyjak post# 1211

Wednesday, 10/09/2013 7:16:46 AM

Wednesday, October 09, 2013 7:16:46 AM

Post# of 1734
Of course, this would be dubbed a conspiracy theory, but the idea of a high level and secretive "Plunge Protection Team" buying massive derivative bets against PM's with virtually unlimited funds, in order to prop up their toxic supply of ultra low interest U.S. Treasuries, would explain the seemingly unexplainable. Clearly, something extraordinary is going on in the markets, nothing is normal.

Excerpt from Wikipedia
Former Federal Reserve Board member Robert Heller, in the Wall Street Journal, opined that "Instead of flooding the entire economy with liquidity, and thereby increasing the danger of inflation, the Fed could support the stock market directly by buying market averages in the futures market, thereby stabilizing the market as a whole." His statement has been used to claim that the Fed actually did act in that way. Some mainstream analysts call those claims a conspiracy theory, explaining that such claims are simplistic and unworkable.[13] Author Kevin Phillips wrote in his 2008 book Bad Money that while he had no interest "in becoming a conspiracy investigator," he nevertheless drew the conclusion that "some kind of high-level decision seems to have been reached in Washington to loosely institutionalize a rescue mechanism for the stock market akin to that pursued...to safeguard major U.S. banks from exposure to domestic and foreign loan and currency crises."[14] Phillips infers that the simplest way for the Working Group to intervene in market plunges would be through buying stock market index futures contracts, either in cooperation with major banks or through trading desks at the U.S. Treasury or Federal Reserve.[15]

http://en.wikipedia.org/wiki/Working_Group_on_Financial_Markets

I am only expressing my personal opinions or repeating public information from SEC filings or media outlets-which may or may not be correct. Do your own investigating before investing!

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