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He may not be, but i say yes. This kind of thinking will
not lead to success in short term trading.
regards,
tbr
Pete Hallock wrote:
> Are you intimating the PPT is a figment of someone's imagination?
>
> ----- Original Message -----
> From: Bob <mailto:BHEISLER@xxxxxxxxx>
> To: realtraders@xxxxxxxxxxxxxxx <mailto:realtraders@xxxxxxxxxxxxxxx>
> Sent: Sunday, November 20, 2005 6:38 PM
> Subject: Re: [RT] The Fed Announces it Will Hide M-3 To Keep You
> From Knowing What?
>
> Hmmm, where was the PPT when the Nasdaq went from 5,000 to 1,000......?
>
> ----- Original Message -----
> From: Eliot Kaplan <mailto:eliot@xxxxxxx>
> To: Mail List RealTraders <mailto:realtraders@xxxxxxxxxxxxxxx>
> Sent: Sunday, November 20, 2005 12:01 PM
> Subject: [RT] The Fed Announces it Will Hide M-3 To Keep You
> From Knowing What?
>
> Some interesting Sunday reading from the 'From the Wilderness"
> website. The site has an email list that can be? subscribed to
> free at?http://www.fromthewilderness.com. I have no relationship
> to them. Just a periodic reader.
>
> Eliot
>
>
> [Safehaven is a market analysis and investment website. Not
> having used their services, this reporter cannot comment on
> their performance (which is the subject of this article?s second
> half, available at http://safehaven.com/article-4108.htm). But
> this excerpt, like most of their analyses, usefully describes
> the activities of the Plunge Protection Team. Like Catherine
> Austin Fitts, Chris Sanders, and James Turk, these people help
> explain that the financial markets are rigged, and the M-3 money
> supply is a key tool in that practice. A good explanation of M-3
> appears at http://en.wikipedia.org/wiki/Money_supply. --JAH]
>
> The Fed Announces it Will Hide M-3 To Keep You From Knowing What?
>
> by Robert McHugh
>
> November 14, 2005
>
> Safehaven.com
> http://safehaven.com/article-4108.htm
>
> The Federal Reserve announced on November 10th, without
> explanation, and I quote, "On March 23, 2006, the Board of
> Governors of the Federal Reserve System will cease the
> publication of the M-3 monetary aggregate. It will also cease
> publishing the following components: large-denomination time
> deposits, RPs, and Eurodollars. The Board will continue to
> publish institutional money market mutual funds as a memorandum
> item on this release."
>
> Why? It's simple, really. So that the Plunge Protection Team can
> hide its market manipulative, equity buying activities. You see,
> one of the key differences between M-2 (which it appears they
> will report) and M-3, is repurchase agreements. This is perhaps
> the most obvious reporting item where PPT market buying
> transactions show up. If they no longer report this item, folks
> like us who monitor the growth of M-3 for clues as to when the
> PPT is likely to buy the market, will have a harder time
> reporting that fact before, or even as, the PPT buys. Investors
> will be left more in the dark as to any secret rigging of the
> stock market. Why now? Apparently the Federal Reserve (a key
> member of the Working Group, a.k.a. Plunge Protection Team) sees
> a coming need to buy - or facilitate the buying - of markets,
> including the equity market, incognito. Apparently, they don't
> want investors knowing they are the ones doing the buying,
> keeping prices up, or pushing them higher.
>
> We have continuously demonstrated the high correlation between
> growth in M-3 and a rising stock market. We have also
> demonstrated that when M-3 either declines or stays the same,
> the stock market is prone to decline. The Fed knows its
> hypocritical hyperinflationary expansion of the money supply
> recently has been publicized by Fed watchers, and that 12
> percent annualized growth in M-3 during a time when the Fed is
> raising short-term interest rates aggressively, and jawboning a
> determination to stop inflation, is nothing short of illogical,
> bizarre Fed behavior. The reason for the dichotomy is quite
> simple. The Fed can electronically print money and hand it over
> to the PPT to buy this stock market. That has to be why all the
> extra M-3 growth over the past several months.
>
> When we presented the Hindenburg Omen analysis several weeks
> ago, we warned that the PPT would likely buy this market to stop
> the higher-than-normal probability that the market could crash.
> Why did we warn that the PPT would likely buy this market, and
> stop any potential crash? Because of the M-3 numbers. We could
> see there was too much money being created. We know that the way
> money gets into the economy is by the Fed buying securities.
> Inflation is too much money (M-3) chasing goods. Well, GDP
> (goods and services) is growing annually around 3.8 percent, yet
> M-3 was being pumped at three times that rate of growth. The
> difference had to go somewhere. It did. Into markets, and very
> probably equity markets.
>
> Why all the M-3? Undoubtedly because the PPT wanted to
> manipulate markets at this time for reasons that are secret to
> everyone but them. We are left to speculate as to those reasons.
> Is the economy closer to the brink than anyone realizes? Or, is
> it politically expedient to goose markets? Do the corporatist
> elitists want the big payback for backing the powers that be,
> and insist upon a rising market into year end? Does Greenspan
> have an all-encompassing, overriding desire to ensure his legacy
> by seeing the Dow Industrials at an all-time high when he
> retires in January? We aren't privy to the reasons because the
> Master Planners do not believe in the forthright flow of
> information. They believe that bad news cannot be handled by the
> flock, that confidence must be boosted at all costs, even if it
> entails manipulating the markets. Don't let the dead be honored,
> instead sneaking them into Dover at night. Don't let the real
> jobless figures be released, goose them with a phony birth/death
> adjustment, and so on. Now we can kiss goodbye the most
> important Fed statistic computed. Do you see what is happening
> folks? The Unpatriotic Act steals your civil liberties. Three
> young girls from Kansas cannot board an Amtrak train to New York
> unless they have a government issued photo ID. Not some
> futuristic sci-fi plot. Now. It is called Corporatist Fascism.
> Next could be freedom of speech. Then martial law. A computer
> chip under your skin. Eventually, your right to vote. Then it is
> all over, game set and match.
>
> Not a peep from Congress on the massacre of M-3. Oh the figure
> will be calculated. We just won't be allowed to know it anymore.
> Really begs the question, once again, why? Obviously because the
> Master Planners expect to have to increase the Money Supply very
> rapidly, to extraordinary levels next year. Obviously because
> they believe they are going to need to buy equity and bond
> markets aggressively next year. Do they see a catastrophe coming
> that will require hyperinflation to bail the U.S. out? Maybe.
> Every time we've had a tragic event of mass proportions in 2005,
> the equity markets have mysteriously risen out of the blue,
> sharply, taking shorts to the cleaners. London bombing, Katrina,
> Rita, indictment of a top administration official, etc... Yes,
> the Master Planners have learned that they have the wherewithal
> and the gall to buy the markets - and get away with it. They
> have learned that at those times when markets are at greatest
> risk, when shorts have their positions lined up, a little S&P
> futures index buying, a select few large cap stock buys, a leak
> to the trading floor that their golden boy trader is buying is
> enough to send the shorts scurrying for cover and buy the
> market. You see, the PPT only needs to kick start the buying.
> Then the shorts buy. Then the Hedge Funds jump on the bandwagon
> in search of that elusive trend - either up or down - deciding
> it is going to be up, and keep the rally going. But by the time
> the Hedgies are buying, the PPT is able to get out (and their
> Wall Street friends who took the risk and bought with them
> early) at a nice profit, the shorts are out licking their
> losses, and we watch a waning rally with low upside volume, low
> advance/decline ratios, and a high number of New Lows - kinda
> like right now.
>
> Yes, don't let the technical analysts and Fed watchers know when
> the PPT is coming in. That will spook the shorts out and the PPT
> needs the shorts in. But the March 2006 M-3 announcement makes
> one wonder. What in the world are they going to be up to next
> year, that will require hiding the growth of money supply from
> the U.S. citizenry who used to own this country, who elected
> this outfit? War? A big-time war? Martial law? Could it be as
> simple and corporatist as merely wanting to drive equity markets
> higher so weak political ratings improve? Maybe nothing to do
> with national security at all? These are the types of questions
> every thinking man and woman needs to ask themselves and their
> congressional representatives, given the Fed announcement.
> Remember, the original mandate of the Fed was to ensure a stable
> currency. Money. So now they aren't going to release their
> measure of money to the public? One thing that can be agreed
> upon, based upon our technical analysis work, is that we are
> sitting upon an incredibly fragile moment in the markets, one
> that is in no shape to psychologically withstand a catastrophic
> event on its own. It would thus appear that the Federal Reserve,
> in tandem with the Master Planner Team, is taking steps to
> prepare for the worst, and unfortunately that requires secrecy
> from the people. Secrecy about how much money is going into the
> economy. Secrecy.
>
>
>
>
>
> ------------------------------------------------------------------------
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>
>
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