The US Treasury in panic fashion this afternoon turned loose its Plunge Protection Team (PPT) to stem the waterfall slide of US equities. At 3:40 PM the Dow Jones average was down over 93 points. Ten minutes later it was down but 11. This is a clear and undeniable intrusion in the private trading markets by the US Government and its non-government ally, the Federal Reserve banking cartel.
Intraday chart >>>
As the day concluded, however, they were unable to turn the market to close on the upside, and the market closed down for the fourth consecutive day. That they failed in their campaign to turn the market positive will send a signal worldwide that the task is beyond their ability. The sharks will swarm for the feed.
Bear in mind the Fed has nothing on us or you. They just have MAGNITUDE. They have to select their entry and exit junctures just as we do to get the most bang for their many bucks. This time they screwed up big-time.
In my experience they never take the short side of a trade to suppress markets unless it be the gold or forex markets for those are thermometers, and when rising, send out signals that the US financial markets are worsening. All these battles you see are life and death skirmishes between the inflationists (paper money debt cartel), and sound money advocates.
Pull on one of the dangling Irish pennants and the whole button will fall off. And, there are so many pennants the inflationists must attend to! Bonds, gold, interest rates, derivatives, consumer prices, crashing currency....any one of which,, if it picks up headway and begins to unravel in freefall, the other threads will do so, too.
Keep pulling, be patient, and all the world will soon see not for too long, that our emperor wears no clothes.
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