----- Original Message -----
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.
