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On Friday February 22, 2008 the PPT boosts the S&P
As many of you are aware the Plunge Protection Team, officially know as the President’s Working Group on Financial Markets, is used to intervene in markets. This ‘invisible hand’ causes inefficient allocations of capital which lead to a lower of standard of living. What is even more dangerous is the threat to our civil liberties that can result from interference in the markets for political reasons. While the above chart typifies the deflation of financial asset prices the following chart shows the hyperinflation of tangible asset prices. These two monstrous forces colliding are resulting in quite the show!
Plunge Protection Team At WorkRELATED POSTS:
- The Bank Run Continues
- Chinese Stimulus Plan
- The Federal Reserve Has Enemies
- Physical Gold In The Hands Of The People
- Election Fervor
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