Hi John, guess I missed this one somehow. Anyway, here is a start
Go to the bottom of this article for the links
financialsense.com
Fromson, Brett D., The Washington Post, "Plunge Protection Team," Sunday, February 23, 1997.
Crudele, John, FoxMarketWire.com, "Throwing a Lifeline to Sinking Markets Worked; Here's Proof", October 20,2000.
Then this:
The Minute the Market Stood Still
The U.S. Financial Asset Bubble Has Found Its Pin
Wednesday, April 12th, 2000
By Dr. Rod Lewis
(Copyright waived if reprinted in unaltered form for educational purposes)
What Happened?
On Tuesday, April 4, 2000 at approximately 12:40pm Eastern time, all U.S.
stock markets went into Financial arrest. Liquidity had completely dried up
and all trading completely stopped. There was a liquidity vacuum in the
stock market unparalleled in history. Less than a minute later, the monetary
defibrillator was applied using a 3 TRILLION dollar injection into the
system, which started the financial heart beating again.
I have the financial EKG to prove it, which was corroborated by a number of
different sources who refused to comment. All that was seen and heard behind
the scenes were pale faces and trembling voices. We had just barely managed
to avert the equivalent of a 9.0 magnitude financial earthquake by a few
seconds.
Just a Rollercoaster Ride Day on Wall Street - Right?
The implications of what had happened is not fully understood and is even
being ignored, commonly known as plausible deniability, by even the most
educated and influential financial experts, money managers, and government
financial authorities in the country.
The events of Tuesday were characterized flippantly by the press as nothing
more than a 'rollercoaster-ride day' on Wall Street - with the market
rebounding impressively in the afternoon. That is like saying that Chernobyl
nuclear accident was just a belch by a plant operator after a big lunch.
The Traders in the Pits Knew
Professional traders and market technicians, like myself, know exactly what
has happened and what it all means - just like the coal shovelers in the
engine room of the Titanic when she struck the iceberg. The 1st class
passengers topside felt only a 'bump' as their Champaign glasses wobbled a
bit, but nothing was wrong assured the Captain and crew. The crew and
passengers below the waterline new different and were terrified - they knew
that the ship had actually been holed and was sinking.
What Happened Even Made ME Sweat
As a professional trader, I watched the stock market yesterday from the
perspective my long lost counterpart in the persona of the Titanic's coal
shoveler, or a more modern counterpart in the Chernobyl reactors rod
operator. I was so shaken by what I saw I stayed up to nearly 3 a.m. looking
at volumes of statistical data for the day including the minute by minute
price and volume prints, 'tic' charts, and internal indicators of what
really went wrong inside the stock market.
Metaphorically, in medical lingo, you could say that the stock market had an
ischemic attack (stroke or coronary artery spasm) but nobody REALLY
understands what has happened since most have not been around long enough to
have seen anything like this. 1987 was a good model but of MUCH LESS
intensity.
The Fed Knew it was Coming and Was Waiting
As I realized what had actually happened, my hands began to get sweaty and
my throat tightened as I came to the conclusion that the greatest asset
bubble of all time, the U.S. stock market, had finally found its pin.
However, the FED knew exactly what was coming the day before.
I spent the night and all of today making phone calls to key individuals to
verify my suspicions and then began to exercise my metaphorical financial
launch codes, hedging all open positions and leaving nothing uncovered. If
any of you, the truly market savvy, have naked put or call positions or
positions which open you to unlimited risk, offset them immediately! ABOVE
ALL, DO NOT TRY TO PLAY THIS FINANCIAL CRASH THINKING YOU CAN GET RICH BY
SHORT SALES OR SIMILAR INSTRUMENTS!!!
The Biggest Financial Crisis of All Time is Upon Us
THE U.S AND GLOBAL FINANCIAL MARKETS ARE IN THE GREATEST FINANCIAL PERIL
SINCE THE STOCK MARKET CRASH OF '29, THE ENERGY CRISIS OF ''73-''79, THE
LATIN AMERICAN DEBT CRISIS OF '82, THE S&L CRISIS OF '87, THE MEXICAN DEBT
CRISIS OF '94, AND THE GLOBAL CURRENCY CRISES OF '92, '95, AND '98 - ROLLED
INTO ONE. THAT SAID, I AM PROBABLY STILL UNDERSTATING THE SEVERITY OF THE
SITUATION!
This Friday could be a pivotal day and I would be surprised if we DID NOT
have a BANK OR STOCK MARKET HOLIDAY sometime in the next few weeks. The
Federal Reserve may have a plan to stem the meltdown, but I DO NOT BELIEVE
IT WILL STAVE OFF THE EVENTUAL DEMISE OF THE POST BRETTON WOODS FINANCIAL
SYSTEM. We know bits and pieces of the plan which was presented in a
secretive bill introduced by Senator Patrick Leahy several years ago.
Again, we will be publishing all of the detail in our booklet.
A Hyperinflationary Depression is the Most Likely Scenario
WE ARE NOW HEADED INTO A INFLATIONARY DEPRESSION. THE FIRST SIGN THAT THINGS
ARE TERMINAL AND IT IS TIME TO FIGURATIVELY HEAD FOR THE HILLS, IS A RISE IN
PRICE OF GOLD ABOVE $330 PER OUNCE FOR THE THIRD TIME. IF IT BREAKS THROUGH
WITH A CLOSE ABOVE $350 THIS WILL MARK THE END OF THE BEAR MARKET IN HARD
ASSETS AND THE COLLAPSE OF THE VIRTUAL ECONOMY.
If you want to get an idea of the scenario which is very close to my own
without getting my booklet, get Harry Figgies book, Bankruptcy1995, and
CAREFULLY read the introductory chapter. More details are to come as they
develop so check with us here at GPN every day.
Update: Saturday, April 8, 2000
The Federal Reserve continues to pump massive amounts of liquidity into the
markets.
Strange blips are being seen in the market internals as the Fed continues to
intervene.
Wednesday, it looked like the Fed bought another 1 trillion in derivatives
(about 50 billion in 'currency' was pumped into the market) As a result the
stock and bond markets both rose substantially on Friday.
The Fed is singularly propping the global economy up. They are selling oil
and gold and buying stocks and bonds. They can only continue this until
foreign investors realize that the dollar is being debased at an
unprecidented rate. When this happens, you will see capital flight take
place and no matter how much money or jawboning the Fed does will keep the
stock market from crashing.
Dr. Rod Lewis is a professional investigative researcher and private
intelligence analyst. He has a background in health science, research, and
psychology. He has spent most of his continuing professional education
studying forensics, emergency management, mass disaster relief, and
preparedness issues. He is a licensed private investigator with the ER
Investigative Network and has been a Commodity Trading Advisor since 1990.
He has been publishing Communiqué, Journal of the Agence Internationale de
Presse Libre (International Free Press Agency) for 7 years, and has hosted
and been a guest on numerous radio programs. He has spoken around the
country on a number of topics, principally the National Security State. He
is a member of a number of organizations including The Federation of
American Scientists, Texas Association of Licensed Investigators, and the
American Society of Forensic Odontology. Dr. Lewis also has business
interests in alternative energy.
Now John, if anyon expects me to prove it to them convincingly, it cannot be done. How often do you see someone offer a theory that only to have some people insist on having it proved to them? It doesn't work that way. The validity of the theory can only be proven to oneself if it is accepted first, then its truth proven from within itself.
Monty
PS I have other references but can't locate them at the moment. As I do I will forward them. |
