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I concur. Thank you for
intervening.
Pete Hallock
----- Original Message -----
Sent: Monday, November 21, 2005 11:16
AM
Subject: Re: [RT] The Fed Announces it
Will Hide M-3 To Keep You From Knowing What?
This reminder is not directed at the poster below but rather to
all of us. It's fine to disagree but it's not fine to be rude or
condescending in how we do it. It's fair to assume we are all
professionals here and it's not too much to ask or even demand that we act as
such.
Bob
At 08:09 AM 11/21/2005 -0500, you wrote:
Adrian,
You say, "It's
best to simply ignore the ramblings of people who have 'conspiracy'
phobia." Then why don't you, instead of making snide comments?
Sounds to me like you're the one with the phobia. Did you ever
consider saying thanks to someone who shares their views with you, even if
you disagree? Apparently not.
You only corroborate the point I made in my reply to
Steven.
Pete Hallock
- ----- Original Message -----
- From: Adrian Pitt
- To: realtraders@xxxxxxxxxxxxxxx
- Sent: Monday, November 21, 2005 2:01 AM
- Subject: RE: [RT] The Fed Announces it Will Hide M-3 To Keep You
From Knowing What?
- Its best to simply ignore the
ramblings of people who have 'conspiracy' phobia. Their a huge
group, and the less facts there are, the more they become
suspicious. You simply can't help these people. As if the FED
is going to suddenly start supporting a market after its has been running
so strongly for so long, not to mention the fact it is illegal for them to
do so, directly or indirectly. Facts, common sense and law makes it
obvious this group doesn't exist, or if it did was totally irrelevant
anyway.
- -----Original Message-----
- From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx] On Behalf Of
Bob
- Sent: Monday, 21 November 2005 10:38 AM
- To: realtraders@xxxxxxxxxxxxxxx
- 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
- To: Mail List
RealTraders
- 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 phny
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 positins 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 anaysis 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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