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Mix-Ansicht- Etwas zum PPT - Standing Bear, 01.05.2003, 09:52
- Re: Etwas zum PPT / hier formatiert und mit Grafiken - - Elli -, 01.05.2003, 14:05
Etwas zum PPT
-->Dear Daily Reckoning Reader,
Five months after Black Monday - Executive Order 12631 was quietly signed into law. Today, it's about to explode in the face of millions of investors...
This Executive, (signed without media coverage or fanfare), led to the formation of a closely-knit and secretive group of political and financial titans.
This Team includes none other than Fed Chairman Alan Greenspan, the Secretary of the Treasury, and the heads of the SEC and the Commodity Futures Trading Association. It also works closely with the heads of the various stock exchanges and the big Wall Street banks including: Citibank, JP Morgan Chase, Goldman Sachs and Merrill Lynch.
The group is now known on Wall Street today as the"Plunge Protection Team".
This tight little frat team's role is to ensure that a Black Monday scenario never occurs again.
Yet despite its enormous resources it has only succeeded in bringing about the very disaster it was supposed to avoid. It helped turn the bull market into a bubble...and the bear market into a bomb-like bust. Worse, the damage it's caused has only just begun...
In this special report you'll learn about the most closely guarded secrets of the"Plunge Protection Team" (PPT). You'll learn how they've begun to engage in dangerous and possibly illegal measures that could jeopardize the financial futures of millions of unsuspecting Americans.
But you'll also learn about a powerful age-old financial device that can protect you from the coming economic turmoil. Plus you'll learn how a hand-full of well-informed investors have used this device to rack up extraordinary gains in the past few years - whilst millions of Americans watched their retirement dreams get washed away.
This group have not only been preserving their capital against a falling dollar and a collapsing economy - but they've been racking up extraordinary gains of 658%...193%...158%... and more - simply by capitalizing on lucrative investment opportunities outside the U.S. markets and the Wall Street way of thinking. Problem is, the average American investor doesn't even know these opportunities exist...
That's why I'm writing to you today...to introduce you to these little-known investments and strategies. (Until recently many of them were almost exclusively enjoyed by the super rich. Today I'll show you how you can take advantage of them too).
My name is Robert Bauman. I am a former member of the U.S. House of Representatives. Through the years I've seen a lot of changes in Washington. I was a 15-year old Page Boy when I witnessed Dwight Eisenhower's first State of the Union address. And I was a 35-year-old Congressman when I heard Richard Nixon deliver one of his last speeches. I've lived through 40 years of State of the Union addresses. But I've rarely seen anything like the economic mess America is in today. Frankly it's terrifying. Add to this an unending war on terrorism - and it could be a recipe for sure disaster.
In a moment I'll tell you about exclusive investment opportunities that can protect you from this disaster...but first let me tell you why it's absolutely urgent you take advantage of theses opportunities NOW...
Buyer Beware: The Rallies are Rigged
In the past few years there have only been three major long-term rallies. They began on September 17, 2001...July 24, 2002...and October 7, 2002...
On each of these dates a number of curious events occurred...
The markets opened and the indices began plunging recklessly...But by early afternoon it was if the angels had arrived...and the markets were brought back from the brink of collapse...
Each time a large unnamed buyer in the futures market secretly swept in and bought up massive quantities of S&P future contracts - making reckless bets that the S&P would go up - even though it was obvious that it was going to fall. This is a sure way to get rid of a lot money - very quickly. However, because such a large amount of money was wagered on the S&P's rise - it was actually enough to reverse the market's fate.
This simple trick was first suggested by Robert Heller - a Federal Reserve Governor - in 1989 (the year after the creation of the Plunge Protection Team). He argued that it would be an easy way to rig the markets...
The move (so far) has successfully brought the markets back each time...even so much as to completely reverse the market's fate and transform the crisis into a rally...further propping up the already way overvalued indices...
Don't believe the Plunge Protection Team could engage
in such"unconventional" measures?
The PPT Rallies: Blatant manipulation of the highest order:
On each of these dates the markets were plunging precipitously. Then a huge unnamed buyer secretly came in and bought up large amounts of S&P future contracts...reversing the market's fate and transforming the crisis into a false rally...
One of the rallies began after the September 11 terrorist attacks. The markets managed to show an astounding rise for 3 to 4 months proceeding the attacks. The U.S. media called it a"patriotic rally". The European Press (more accurately) called it a"PPT (Plunge Protection Team) rally". Another rally began on July 24, 2002 amidst the shocking news of the unprecedented corporate accounting scandals - an event that should have sent markets spiraling. The European Press again referred to it as a"PPT rally".
What's more, at the Federal Open Market Committee meeting held on Jan 29-30, 2002, the Fed pondered using"unconventional methods" to stimulate the economy. Even more shocking: earlier this year The Financial Times (London) quoted a Fed official, who did not want to be named, as saying one of the extraordinary measures considered in January was"buying U.S. equities".
Get out of U.S. stocks NOW...
Before these rigging adventures turn into a complete economic disaster...
Instead of protecting you...Washington and Wall Street managed to blow up one of the greatest economic bubbles in stock market history. They trumpeted the glories of the"New Economic Era"...hailed the stock market and mutual funds as the greatest place to put your money...rushed through new banking laws that deregulated the banking system...paving the way for all the broker and corporate accounting scandals that we are still seeing on Wall Street today. Investment houses were allowed to push stocks that they were privately underwriting...and brokers got rich off commissions, while people like you and me were encouraged to stay in stocks until the shares were practically worthless.
And this law was pitched to us as"reform".
Wall Street was geared toward inflating the bubble. Everyone was shouting"Buy...buy...buy!" And many of the top names in finance were behind it.
Now they're desperately trying to engineer a soft landing. Unfortunately, it's too little...too late...Trillions have vaporized off American markets. Consumer debt has reached a staggering $1.78 trillion, mortgage repayment delinquencies are reaching all-time highs...and the national debt continues to soar...
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