----- 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.
