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Ex-Plunge Protection Team Whistleblower: "Governments Control Markets; There Is No Price Discovery Anymore"

Tyler Durden's picture




 

One year after the great stock market crash in 1987, US President Ronald Reagan launched the "Working Group on Financial Markets." Conspiracy theorists believe, however, that the real task of this committee is to protect against a renewed slump in the stock market. In the jargon of Wall Street, the working group is known as the "Plunge Protection Team."

One glimpse at a few days suring 2007/8 and it is clear that 'someone' with infinitely deep pockets was able to support markets on several critical days - though, of course, anyone proclaiming intervention was propagandized away as a conspiracy theory wonk. However, as Dr. Pippa Malmgren - a former member of the U.S. President’s Working Group on Financial Markets - it is not conspiracy theory, it is conspiracy fact: "there's no price discovery anymore by the market... governments impose prices on the market."

*  *  *

In this 38 minute interview Lars Schall, for Matterhorn Asset Management, speaks with Dr Pippa Malmgren, a US financial advisor and policy expert based in London. Dr Malmgren has been a member of the U.S. President’s Working Group on Financial Markets (a.k.a. the “Plunge Protection Team”). They address, inter alia:

Full interview:

 

Source: GoldSwitzerland.com

*  *  *

Still don't believe?

Here is Scott Nations in 2008 getting "Schiff'd" by the CNBC anchors (Liesman) and some other guest muppet when he dares to suggest the Fed is intervening and that the President's Working Group (i.e. Plunge Protection Team) is hard at work...

"look at the market action on the 10th and 28th and tell me what else might have generated a 100 point rally in the S&P under that situation?" Liesman fobs him off as some conspiracy wonk...

Yep looks normal to us... 10/10/2008

 

and 10/28/2008

 

Those are 100 point moves on a 700/800 S&P!! Nothing to see here eh Liesman, Kiernan, Quick?

*  *  *

And of course there's last October's Bullared bounce... the longest most consistent trend higher in stocks ever.

 

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Mon, 02/23/2015 - 22:23 | 5820856 Paracelsus
Paracelsus's picture

Problem,one word:  DERIVATIVES...

Once upon a time there was risk in the markets,RISK.

The problem with Greece is the same problem with many small towns and villages in

Italy and France.Borrow Ten Bucks from GS and start paying back in ten years at 50%

interest.

I am in Socal and they did it to a high tech town near here called Poway.

Anyone who buys a house there in 15 years is in for a big,whopping surprise in their

property tax assessment.You will hear them screaming from here to Sacramento....

Be prepared to hand over your first born male child... 

Mon, 02/23/2015 - 22:26 | 5820868 Kprime
Kprime's picture

sound like the school bonds I read about last year.  Borrow 5 million, no payments for 20 years, then a ballon note is due for 100 million.

Mon, 02/23/2015 - 22:58 | 5820955 TeethVillage88s
TeethVillage88s's picture

Leading Indicator of US Economy:

When Bankers, Big Time Wall Street Bankers, Move to Asia, a BRICS Country or back to London or Frankfurt.

My Bet might be you see a collection of them move to Singapore, but I don't know if it will be 50 years from now or 20 years from now.

I know Private Compounds in Fascist Countries like Paraguay, and Underground Bunkers are also popular with Government Elites. But there are no Markets, Global Financial Hub, Leading World Stock Market in Paraguay.

Still... with the Internet you can live any where. You just probably would live in the Time zone appropriate to the Business Center or Financial Hub that you chose.

South America mimics the Time Zone of New York City well enough. But if Asian Trading is your new niche then you probably want to live in Asia.

Mon, 02/23/2015 - 22:24 | 5820861 Kprime
Kprime's picture

next time the markets break, they will close them for a week and reopen them 5000 points lower

Mon, 02/23/2015 - 22:33 | 5820890 FIAT CON
FIAT CON's picture

I dont see how paper is better than gold.

 She say's "gold may or may not be manipulated"

 It is always manipulated

 

Mon, 02/23/2015 - 22:36 | 5820897 Nocturnal Goyim
Nocturnal Goyim's picture

Just look at her bio,establishment wonk.

Tue, 02/24/2015 - 01:08 | 5821300 DarthVaderMentor
DarthVaderMentor's picture

Not establishment wonk....establishment Ho....

Mon, 02/23/2015 - 22:34 | 5820892 Renov8
Renov8's picture

I don't know when this cookie is going to crumble, but I have to say this.......I am not waiting for it to happen before I do something to protect me, my family and the community I live in.

I hope you guys do the same, because you are going to need it.  Get your local PD to implement a Civilian Police Group, which would be part of your local PD civilian police association.  The training and relationship building you will develop could be the difference between you and your community surviving or dying.

 

Get organized.  Safety in numbers......

Tue, 02/24/2015 - 00:36 | 5821240 Bemused Observer
Bemused Observer's picture

You know, that's a very good idea...Thank you for posting that.
It WILL become important to establish friendly relations with your designated law enforcement if things DO go south. Also, the presence of civilians can only help contain the more aggressive actions they might take in your area should problems occur...

The police don't abuse the folks they see as "on their side". Not saying to suck up, but just let them know you are watching, and let them know you'll support them when they are in the right...you aren't one of those they have to fear.

It's that local LE that you are most likely to have to deal with. If you can, with the help of your local cops, can keep things mellow, the feds are unlikely to bother with you. They'll have plenty of other areas to worry about.

Tue, 02/24/2015 - 09:58 | 5822079 Renov8
Renov8's picture

Our town is roughly 30,000 in size.  Our PD has less than 50 officers.  This group of civilians is basically there to assist them in secondary needs and also in case we experience larger than normal wheather events.

Sucking up to the police is not the intent of this program. The program is devised so that we the community knows how the PD works, the officers on patrol and so forth.  Its a "you have my back, I have yours" type of relationship.

All of our surrounding communities have the same programs running.  Effectively creating a large police force in the entire area.  Its a no brainer.  Took over two years to get the program up and running. 

 

Mon, 02/23/2015 - 22:34 | 5820893 Nocturnal Goyim
Nocturnal Goyim's picture

The markets are totally manipulated lady, just like the media truth...hello ,

Mon, 02/23/2015 - 22:39 | 5820902 One And Only
One And Only's picture

So what I'm being told is that the Russians and Snowden have been telling me the truth? That my government and central bank are working against me? That I can't get a correct price for anything I buy/sell because someone in an ivory tower with a monopoly over money and credit doesn't believe I deserve a fair price?

My government wants me to buy a home for more than what it's worth while over taxing me and spying on all of my communications? And then they are going to tell me how awesome it is to be free?

Mon, 02/23/2015 - 22:49 | 5820926 saldulilem
saldulilem's picture

I wonder if she's pre- or post-op?

Mon, 02/23/2015 - 23:55 | 5821139 fishwharf
fishwharf's picture

If you can't tell it doesn't matter.

Mon, 02/23/2015 - 22:49 | 5820927 Monetas
Monetas's picture

Reality is racist !

Mon, 02/23/2015 - 22:53 | 5820938 Chuck Knoblauch
Chuck Knoblauch's picture

You think this just applies to the markets?

LOLOLOLOL!!!!!!

Mon, 02/23/2015 - 22:54 | 5820940 thismarketisrigged
thismarketisrigged's picture

how ironic, while watching the cnbc thing above, the ''markets'' were being pumped back to green.

 

we need those price levels from the video back, everything in the video was fairly priced aside from aapl which is prob worth 40 bucks, and gold which should be 2000 plus minimum

Mon, 02/23/2015 - 22:56 | 5820948 SirBarksAlot
SirBarksAlot's picture

Ketchup is made from tomatoes.

There are clouds in the sky.

Where there's smoke, there's fire.

The rats are starting to jump off the ship. 

 

Mon, 02/23/2015 - 23:10 | 5820986 JetsettingWelfareMom
JetsettingWelfareMom's picture

One can only hope eh? Need a spectacle...turning on each other sounds interesting...

Tue, 02/24/2015 - 05:53 | 5821630 css1971
css1971's picture

I don't think ketchup is made from tomatoes anymore.

Mon, 02/23/2015 - 23:00 | 5820960 all in capital
all in capital's picture

These guys come out and tell the truth once they need to sell a book, get attention and no longer working for the gov't. We all then eat up that they're now on the right side.

 

 

Mon, 02/23/2015 - 23:27 | 5821036 rejected
rejected's picture

Russia is flying more incursions into NATO AirSpace, (lol nato airspace lol. every flight has been in international airspace) 

The ruble (even gold backed!) is not a store of value (what fiat currency is?)

Gold will never again be a popular currency. But bitcoin is ok as people want something different than government fiat currency.

Bitcoin is the modern manifestation of the old fashion desire to hold gold?#@%

Gold is too difficult to handle. Its too heavy.

A rigged gold market is 'conspiracy theory"

Conspiracy Theory is one of my code words for main stream stooge.

The lady is a shill for the PTB. She may not think she is,,,, but,,, she is. 

 

Tue, 02/24/2015 - 01:17 | 5821318 KingGenius
KingGenius's picture

Bitcoin is interesting but is not tangible. It is also extremely volatile and strictly digital. Thanks but no thanks.

I am actually beginning to think BC is nothing just a digital fiat, so people will go toward computing power sanctioned by the government to continue perpetual debt, loans, interest, etc. Bitcoin takes power to run a computer to "mine", but "mining" is not real mining. It is a hoodwink. PM's are actual mining. PM's are real money. You can pretend BC is actual mining, but a computer running codes is not the same as tangible finite assets on earth. When BC is too expensive, then another cryptocurrency comes along. When BC becomes accepted for more transactions, another will be on board ready, then another, and another.

BC could very well be a conspiracy.

Gold is too difficult to handle? At least you can touch it. An ounce is 1200. You can divide that into grams if you prefer...Bitcoin is a bunch of numbers, a math problem that takes energy and computing power. That is not necessarily finite. See Tesla (not the company)

 

Mon, 02/23/2015 - 23:27 | 5821038 jpintx
jpintx's picture

In the words of the great W.C. Fields......."I don't know how she wrassels but I'd love to see her box."

Mon, 02/23/2015 - 23:38 | 5821072 Chuck Knoblauch
Chuck Knoblauch's picture

She's a good house negroe.

Mon, 02/23/2015 - 23:39 | 5821085 one_hundred
one_hundred's picture

my co-worker's ex-wife makes $80 hourly on the computer . She has been out of work for 10 months but last month her paycheck was $12310 just working on the computer for a few hours. look at this now... www.globe-report.com

Tue, 02/24/2015 - 00:14 | 5821188 Atomizer
Tue, 02/24/2015 - 00:16 | 5821196 semperfi
semperfi's picture

no way - I don't believe it !  bullshit !

Tue, 02/24/2015 - 00:17 | 5821199 q99x2
q99x2's picture

Duh. No one needs to listen to that blow hard. The Q99X2 have been saying that for years. What the hell is going on here. Why doesn't anybody listen to me M'Fers. I have the damn government going up my FAFSA. My wife left me and now my dog won't talk to me. When I say BTFD ZH comes out with hundreds of articles why you should get out of the market. This world's gone to hell. I'm not talking to anyone anymore.

Tue, 02/24/2015 - 00:37 | 5821245 CunnyFunt
CunnyFunt's picture

The bottle won't solve your problems, bro.

Tue, 02/24/2015 - 01:42 | 5821358 Wild Theories
Wild Theories's picture

talking to people is overrated, I'm sure q99x2 knows that

Tue, 02/24/2015 - 01:26 | 5821267 KingGenius
KingGenius's picture

shit

you have the typical one guy saying what's up and a bunch of other morons spouting the the cliche "conspiracy". A basic attempt of propaganda: discredit the opposition. 

 

Tue, 02/24/2015 - 03:01 | 5821375 Radical Marijuana
Radical Marijuana's picture

In light of the article above,

I recommend recalling this:

http://www.zerohedge.com/news/2015-02-03/ask-expert-–-rob-kirby-–-january-2015

Ask The Expert – Rob Kirby – (January 2015)

Original Post, with transcript:

http://www.sprottmoney.com/news/ask-the-expert-rob-kirby-january-2015

Audio recording posted on YouTube:

http://www.youtube.com/watch?v=nL540cXe40A

Rob Kirby: My view about who shorts the gold is that the shorting of gold is all orchestrated by the U.S. Treasury. Specifically, within the U.S. Treasury there’s an adjunct of the U.S. Treasury known as the Exchange Stabilization Fund, or E.S.F. for short. The E.S.F. is an institution that was created in 1934, and it was created at the same time when the U.S. government confiscated gold from American citizens and then quickly revalued it upwards, creating a huge capital gain or windfall profit. That windfall profit is alleged to have been around, I think in the two to three billion dollar range in 1934 dollars. It was that money that was used to seed this ultra secretive adjunct of the Treasury called the E.S.F. That served as the working capital.

Understand everybody, that institution, the E.S.F., took that two or three billion in seed money in 1934, and they have been growing that money operating it as they see fit with absolutely no oversight. They do not answer to Congress. They do not publish annual financial statements. They’re free to operate in any market, and they operate above any and all laws in the United States. Just think about if you take the annual reported inflation rates and if you had actually just taken $3 billion and been rolling it at 3, 4, or 5 percent for all those years what sort of amount of money you’d have at your disposal.

This is all off balance sheet, because this doesn’t come on the visible books of the U.S. Treasury. The amount of money that this entity, the E.S.F., has is absolutely and utterly scary, and I reckon it is absolutely hands down the most powerful financial entity on the planet.

In light of Ron Kirby's discussion there
(starting at the 12:30, to 14:30 mark)
of that audio recording about the ESF,
I REPEAT LINKS to Eric deCarbonnel:

http://www.youtube.com/watch?v=2ssrcD5GdPQ

The ESF and Its History_Part 1

http://www.youtube.com/watch?v=ImuVUab6WW0

http://www.youtube.com/watch?v=8Qsll_5-FXc

http://www.youtube.com/watch?v=iK-741ISz94

http://www.youtube.com/watch?v=lQf-u2nCVSw

Ron Kirby's comments about the way that the ESF operates indicates that ORGANIZED CRIME so totally dominates the established political economy that there is nothing left to stand against that but CONTROLLED OPPOSITION.

I define money as measurement backed by murder, which would simply have some intermediate commodity into that basic situation. E.g.: Gold standard money is the measurement of gold backed by murder. Any attempt to back up any form of money with some commodity only changes the basic situation that money is measurement backed by murder to become money is measurement of that commodity backed by murder.

(In that context, cryptocurrencies are complementary currencies, that are smaller parasites riding on top of bigger parasites, in the sense that national fiat currencies, especially including the US Dollar as the global reserve currency, are primarily fiat money frauds backed by the force of governments, WITHIN which, taking that for granted, cyptocurrencies are able to operate. Thus, the big national fiat money parasites have the tiny cryptocurrencies parasites riding on top of them.)

... I continue to think that NOBODY can comprehend the FULL magnitude of the PROBLEM that there has been developed globalized systems of electronic monkey money frauds, backed by the threat of force from apes with atomic bombs.

I think that my definition of money being measurement backed by murder is the only definition that integrates all the facts. Every other definition of what money "should be" tends to deliberately ignore some facet of the facts about what money IS. The human abilities to measure and to murder have been amplified many orders of magnitude by progress in physical sciences, which have ended up being channeled through social pyramid systems that were based upon being able to back up lies with violence.

The currently established political economy is based on runaway systems of legalized lies, backed by legalized violence, which are OUT OF CONTROL criminal insanities! Since those are the FACTS, anybody who believes it would somehow be possible to return to old-fashioned forms of money backed by gold or silver, or any other commodity which manifested the conservation of matter principle, is indulging in nostalgic nonsense ...

Human civilization has NOT adapted its politics to progress in science and technology, due to the paradoxical problems that presents to political science, which would have to go through profound paradigm shifts in order to cope with the facts that governments are the biggest form of organized crime, controlled by the best organized gangs of criminals. In that context, I think that the most important points that Ron Kirby correctly emphasized was the astonishing HIDDEN IMPORTANCE of the ESF, WHICH RELATES TO THE "PLUNGE PROTECTION TEAM" ET ALIA ...

In order for politics to develop better political science would require surmounting the extreme paradoxes that NOBODY GUARDS THE GUARDIANS, which political problems have never been resolved by anybody so far, because, in principle, human beings and human civilizations operate as entropic pumps of energy, which correspond to operating according to the principles and methods of organized crime, which are most socially successful the more HIDDEN those are. Therefore, human civilizations operate as systems of ORGANIZED CRIME and CONTROLLED OPPOSITION. The more socially successful that ORGANIZED CRIME can be, the more totally there is CONTROLLED OPPOSITION. Governments are necessarily the biggest form of organized crime, controlled by the best organized gangs of criminals, which is how and why our political economy is based on enforced frauds.

Privately controlled banks being able to create the public "money" supply out of nothing as debts for everyone else, while that fraud is enforced by governments, necessarily DESTROYS "free market capitalism" because that kind of "capital" is really more like "anti-capital," analogous to anti-matter, which annihilates when it combines with matter. "Money" made out of nothing is the ultimate rigging of the price of money, which then automatically rigs the price of everything else, from interest rates on through! The production of destruction controls production. That is what really happened when the best organized gangsters, the banksters, were able to get their COUNTERFEITING LEGALIZED. Everything that followed after that automatically got worse, faster, at an exponentially accelerating rate ...

Whistleblowers about that are calling our attention to things that were always happening, while getting worse at an exponentially accelerating rate, so that those have now become blatantly bad!

P.S.

I was not surprised that a bright, beautiful woman, such as Pippa Malmgren, has a way more optimistic view of the possible futures than I do.

Tue, 02/24/2015 - 07:50 | 5821737 geekz_rule
geekz_rule's picture

thanks RM...

I think your on to something. indeed.. its much larger, deeper, omnipotent than folks could ever imagine.. thanks for the links.. and maybe focus a bit more on economy of words..

less is more with truth and volume of info..

Tue, 02/24/2015 - 02:38 | 5821438 permarig
permarig's picture

Well, of course, there's the Exchange Stabilization Fund established in 1934 with the proceeds from the gold confiscation/revaluation as seed capital.

Question is whether the stock market is considered to be a national (or crony) security issue or something similar.
(Means, it's only allowed to plunge after the cronies have lined up all things and narratives.)

Based on empirical evidence, i.e. how officials are (globally) acting and what they're saying (e.g. about the wealth effect), It seems to be the case.

And even the fundamentals are shaky, they still have great extend and pretend powers:

Section 13(b)(3)(A) of the Securities Exchange Act of 1934 provides that "with respect to matters concerning the national security of the United States," the President or the head of an Executive Branch agency may exempt companies from certain critical legal obligations. These obligations include keeping accurate "books, records, and accounts" and maintaining "a system of internal accounting controls sufficient" to ensure the propriety of financial transactions and the preparation of financial statements in compliance with "generally accepted accounting principles."

And you had to mention 9/11, so here come George W. Bush and the intelligence community to be included in this comment:

On May 5, 2006, in a notice in the Federal Register, President Bush delegated
authority under this section to John Negroponte, the Director of National
Intelligence. Administration officials told Business Week that they believe
this is the first time a President has ever delegated the authority to someone
outside the Oval Office.

See also: Intelligence Czar Can Waive SEC Rules (Business Week)

Tue, 02/24/2015 - 02:40 | 5821442 permarig
permarig's picture

But ima tie even Virtu into this too.

So of course, that spectacular winning streak of like 1499 winning days in 1500 trading days, is really what it looks like when looking at it with common sense: it's a racket.

Consider the following quote:

Dutch Schultz / Otto "Abbadabba" Berman numbers racket:

Berman was a middle-aged accountant and math whiz who let Schultz fix this racket. In a matter of seconds, Berman could mentally calculate the minimum amount of money Schultz needed to bet at the track at the last minute in order to alter the odds. This strategy ensured that Schultz always controlled which numbers won, guaranteeing a larger number of losers in Harlem and a multimillion-dollar-a-month tax-free income for Schultz. Berman was reportedly paid $10,000 a week for his valued insight.

In essence, this sounds pretty much like the HFT biz. You have the thugs with the money in the shadows and you have the "math PHDs" racing with time and enabling the rigging.

And just as the Dutch Schultzes of New York and Jersey (and of the World for that matter) have moved up the ladder and 'gone legit' over time, so has the numbers game became technological and globalized.

Not saying the market wasn't rigged already in 1929 by the higher level criminals, but rather that folks are like-minded. And they probably also consolidated nicely with time.

Now, there are also the theories that the CIA is into trafficking herion and such. It's certainly plausible, but also consider this:

How many heroin addicts are there?
How many retail day traders and Japanese housewives are there?
Is day trading kind of gambling? Is it thrilling and addictive?
Isn't it conventional wisdom that a big majority of retail muppets lose consistently? That "retail is always wrong?"

Heroin addicts die off sooner or later.

Retail or uninitiated fund manager muppets burn their money but may come back later to burn some more. Or burn it consistently in the long run. If the heroin game works, this must be a good cash flow model too if you can make sure that retail is always wrong. Virtus success and depth of involvment in FX speaks for itself.

And if the flow slows down, you can pull of some kill job level action along with some news. Unnamed Euro official saying things, Japanese Yen just gapped, unexpected SNB move, etc.

There were some details about the ex-president of Bayern Munich, how he played FX. One time, positions amounting to 2 billion and up to 100 trades a day. Don't know, but these numbers are a bit suspicious that this wasn't only a personal thing but maybe some kind of a pooled affair.

Could a money laundering scheme possibly be conceived where two accounts are playing the opposite side with leverage, either manually or automated, and so facilitating money transfer as one account loses the money to the other through the market?

Anyway, having carried this notion of 'Wall St casino' and having said 'like-minded folks coming together with time', why not mention the Las Vegas kind of casino also?

The Las Vegas casino industry was pretty much started by the Jewish and Italian Mafia. Like Bugsy Siegel run some of the first casinos. Doc Stacher brought the two mafias together. Meyer Lansky was friend of both Siegel and Stacher.

Lansky was involved in Operaton Underworld by the Office of Naval Intelligence:

"According to Luciano's authorized biography, during this time, Lansky helped arrange a deal with the U.S. Government via a high-ranking U.S. Navy official. This deal would secure the release of [Lucky] Luciano from prison; in exchange, the Italian Mafia would provide security for the war ships that were being built along the docks in New York Harbor."

Now, reading this, it would be an interesting to know whether the NY mob had any meaningful ties to the Port Authority. It doesn't seem far fetched if they were striving to go legit over time.

And then, Lansky was heavily involved in the Cuban casino biz. Batista was 'his guy' and ensured a business friendly environment. In fact, Lansky attempted to bribe the previous president Socarras to step down for Batista.

It ended in January 1959 as the Castro forces reached Havana. Several of Lansky's casinos have been looted.

"In October 1960, Castro nationalized the island's hotel-casinos and outlawed gambling. This action essentially wiped out Lansky's asset base and revenue streams. He lost an estimated $7 million."

In 1962, the DoD and the Joint Chiefs of Staff created Operaton Northwoods.

So we have the NY mob, with ties to Navy Intelligence, heavily involved in Cuba, then suffering heavy losses in Cuba, and with a plausible case for having ties to the NY Port Authority. And we have the military, with Cuba being Cuba, and with Operation Northwoods calling for the CIA to commit false flag terror attacks. You catch my drift.

 

Tue, 02/24/2015 - 09:57 | 5822074 Boubou
Boubou's picture

We have punished Cuba for 50 years on behalf of the mafia. How the mafia with our full time assistance failed to assassinate Fidel in all that time is a mystery.

Tue, 02/24/2015 - 02:44 | 5821449 magne13
magne13's picture

Why CNBC does the CME group offer central banks incentive programs for the eminisp500 then?

Tue, 02/24/2015 - 03:23 | 5821494 farmboy
farmboy's picture

The US is more communist and big brother then the communists. Price control on stocks,bonds and gold/oil for geopolitical reasons. Why have all these analysts, fundmanagers etc. Just publish the price of assets what it will be next week and make us happy. No real surprise but I feel very sorry for the land of the free. How it will end nobody knows but the reaction will be at least equal to the force that drove it.

Tue, 02/24/2015 - 05:23 | 5821611 U-P-G-R-A-Y-E-D-D
U-P-G-R-A-Y-E-D-D's picture

I really wish people would stop confusing communism with state capitalism.  What the USSR had in the years leading up to its failing was state controlled capitalism, not communism.  What the USA has had for some time now is state controlled capitalism, not communism.  

Obama is just a puppet for oligarchs, he's not a socialist dictator, mkay?  He's a democrat and a liberal, who have become just another team for the oligarchs.  There is no goddamn socialist conspiracy in which Obama is trying to gulag the US.  He may certainly be trying to fascistically gulag the US, but it's not "communism".  

Tue, 02/24/2015 - 07:36 | 5821722 geekz_rule
geekz_rule's picture

well said,.

the "communist" boogeyman meme is fucking so old, and idiotic aty this point.

the real deal, the true threat.. has always been and will be.. MONOPOLIZATION

communism is the drudge report / fuck dynasty / honey boo boo man under the bed

MONOPOLY is west virginia coal mine in 1900 lives for us all. we slave in the co mine, shop in co store, live in co housing. SLAVES.

debt slavery..isnt about imaginary 1's and 0's in a db somehwere.. it always was about CONTROL

P < P + I

Tue, 02/24/2015 - 09:43 | 5822020 Boubou
Boubou's picture

Communism was a noble idea ruined by the assholes who rose to power

Capitalism was an ignoble but pragmatic idea ruined by the assholes who rose to power

Tue, 02/24/2015 - 04:13 | 5821550 AE911Truth
AE911Truth's picture

Criminals front running insider market manipulation.

Justice demands the stolen funds must be returned to the victims.

 

Tue, 02/24/2015 - 05:49 | 5821626 NuYawkFrankie
NuYawkFrankie's picture

 Tony Soprano & Liesman: seperated at birth

Tue, 02/24/2015 - 06:52 | 5821675 mendolover
mendolover's picture

It's a very difficult situation.

Tue, 02/24/2015 - 05:50 | 5821627 css1971
css1971's picture

Markets will always correct. Always. So if they are artificially pushing up prices, sell into it. If they are artificially pushing down prices buy from them.

Think of it as financial Judo.

Tue, 02/24/2015 - 07:24 | 5821712 falak pema
falak pema's picture

Meanwhile all is fine in Greece's love/hate affair with EU :

http://www.wsj.com/articles/greece-submits-reform-proposals-1424764737

http://uk.businessinsider.com/eurogroup-head-a-grexit-is-not-on-the-tabl...

WIth Media comments like these you know that Greece stays inside EZ.

To the ire of its local supporters who cry : treason ! 

http://uk.businessinsider.com/category/greece-update

Tue, 02/24/2015 - 08:12 | 5821777 Unix
Unix's picture

Tell us something we don't already know Pippa!

Tue, 02/24/2015 - 08:56 | 5821861 rsnoble
rsnoble's picture

Of all the arguing i've done in years past trying to convince people of this and all of the tin foil hat awards i've received, it's almost surreal to see this topic presented out in the open now as common knowledge.

Which gets me to thinking i'm just spinning my wheels on more current subjects and that maybe I shouldn't waste my time because there are to many stupid people out there that still believe everything the gov't tells them and truthfully a lot of them probably won't believe the truth even if it gets recognized.

"So rsnoble, you mean to tell me the Fed's are spiking the marekt???? bwaaaahhaaahahaaa.  where's your prooof.  You're an idiot.   The PPT?  Whoever heard of that you dumbass?"

That's pretty much a typical comment.  I'm pretty sure (here we go again) some of them were generated by message board goons employed by the gov't.

Tue, 02/24/2015 - 08:59 | 5821867 rsnoble
rsnoble's picture

They'd never get away with this shit if it weren't for that fucking printing press.  It's amazing how shit printed out of thin air that's worth nothing can cause so much destruction.  They have unlimited power as long as everyone's accepting the crap that rolls off of it.

Tue, 02/24/2015 - 09:16 | 5821904 fxpmtrader
fxpmtrader's picture

Now that (no price discovery anymore, no markets anymore due to gov/fed) is exactly what ekm said all the time - while everybody thought he is nuts.

Despite most of his predictions coming true one after another.

A pity he doesn't post anymore.

Tue, 02/24/2015 - 09:15 | 5821909 fiftybagger
fiftybagger's picture

Jimmy Rogers once said that when you see central banks intervene in markets, wait for the rally and then go the other way.  If this principle is true, and I believe it is, the rally in metals will be breathtaking.  And the collapse in stocks and bonds will be epic as well.

Silver For The People 

Tue, 02/24/2015 - 09:18 | 5821917 Mitch Comestein
Mitch Comestein's picture

Uhhhh, short covering?  

Tue, 02/24/2015 - 09:22 | 5821931 Last of the Mid...
Last of the Middle Class's picture

I thought the plunge protection team was a pair of 44D's distracting me from the sweetness of a well manicured landing strip.

Tue, 02/24/2015 - 09:57 | 5822075 Atlas Crapped
Atlas Crapped's picture

Oh yes. All prices of all things have been derived from thoughts of the future for a ...   L  O   N   G   ... time.

http://roacheforque.blogspot.com/search?q+all+prices+of+all+things

 

Tue, 02/24/2015 - 10:13 | 5822131 farmerjohn2112
farmerjohn2112's picture

Is it me or is she just a little bit hot?

Tue, 02/24/2015 - 14:18 | 5823039 Mi Naem
Mi Naem's picture

At 28:29 ( https://www.youtube.com/watch?feature=player_embedded&v=mEGzfxHcbMA#t=1709 ),
the CFR lady says: "The officials who are in power today, I think are genuinely doing their best to make the decisions that they think are right and will work." 

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