Juicing the stock market; the secret maneuverings of the Plunge Protection Team

According to John Crudele of the New York Post, the Plunge Protection Team’s (PPT) modus operandi was revealed by a former member of the Federal Reserve Board, Robert Heller. Heller said that disasters could be mitigated by “buying market averages in the futures market, thus stabilizing the market as a whole.”

http://onlinejournal.com/artman/publish/article_1811.shtml

 

Anyone who would reference Rense.com loses all credibilty with me.

John

 

That's no "secret". They were doing that back in October-1987.

 

Just a bitter short.

By the way, his reference of 8 trillion controlling 313 trillion in derivatives is silly at best.

1 30 day fed fund futures contract, which typically moves a few bucks a day (literally), controls 1 million notional US dollars.

 

:eek: