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To: stan_hughes who wrote (181101)	7/18/2002 12:34:30 PM
From: ild	Read Replies (2) \| Respond to of 436258

Stan, I don't believe in conspiracies. Nice post anyway. We both agree that we are going south.

To: stan_hughes who wrote (181101)	7/18/2002 2:00:18 PM
From: Gersh Avery	Read Replies (1) \| Respond to of 436258

One of the items that may add to the PPT picture is that, as I understand it, Mer is the only brokerage that the fed has allowed to set their own margin rates .. can you say unlimited credit?

To: stan_hughes who wrote (181101)	7/18/2002 2:14:33 PM
From: Mike M2	Read Replies (1) \| Respond to of 436258

Stan, in Oct ( 13?) 1989 Former Fed Gov. Robert Heller wrote an op. ed. piece in WSJ in support of the notion that the Fed should intervene in the futures market at times of stress. Mike

To: stan_hughes who wrote (181101)	7/18/2002 2:17:48 PM
From: Tommaso	Read Replies (1) \| Respond to of 436258

"All I can say about the PPT is that: (a) I for one believe it exists " It's your constitutional right to do so. Freedom of religion-G-

To: stan_hughes who wrote (181101)	7/18/2002 2:30:46 PM
From: Earlie	Read Replies (5) \| Respond to of 436258

Stan: I read your post carefully. I just want to note that I share each and every one of your beliefs respecting the PPT and the Fed/Treasury involvement with the markets. (and I am not completely paranoid,......yet). While the available evidence on the PPT is more circumstantial,... - like the currency traders and the S&P futures traders all becoming wildly bullish at exactly 2:21 pm and as if in concert, just holding hands and diving into the pits together, taking out every ask in sight, - or like the pre-market futures being driven up on no discernible news darned near every morning of late. - or like Robert Rubin's brilliantly orchestrated "resignation" (somebody made several fortunes in a single day in the futures on that flip flop action). - or like that first non-telegraphed rate move by the Fed, (ANNOUNCED DURING TRADING HOURS) (whoever bought the big package of options just before that announcement needed a dump truck to haul off the winnings) which coincidentally occurred just after the banks were put up against the wall by Big Al and told that they WOULD participate in the LTCM bail-out. - etc. With respect to the gold markets, the evidence gathered by the GATA boys is irrefutable IMHO, and Venerosa's research is both brilliant and supportive. Best, Earlie

To: stan_hughes who wrote (181101)	7/18/2002 2:32:49 PM
From: Les H	Read Replies (1) \| Respond to of 436258

Name of module: Pricking Bubbles Slowly 101 Course requirements: Growing Bubbles 101, 102, 6 months experience as a day trader Reference materials: These course notes, Speeches of Federal Reserve Board Chairmen Description: This is an extra-curricular module that is recommended to all students who intend to follow a career in Government with the intention of reaching the top of the pyramid, or who aspire to becoming a member of staff for an incumbent in Congress. solutions.synearth.net

To: stan_hughes who wrote (181101)	7/18/2002 7:08:40 PM
From: Bocor	Read Replies (2) \| Respond to of 436258

PPT for your perusal: DATE: 03-18-88 Working Group on Financial Markets By virtue of the authority vested in me as President by the Constitution and laws of the United States of America, and in order to establish a Working Group on Financial Markets, it is hereby ordered as follows: Section 1. Establishment. (a) There is hereby established a Working Group on Financial Markets (Working Group). The Working Group shall be composed of: (1) the Secretary of the Treasury, or his designee; (2) the Chairman of the Board of Governors of the Federal Reserve System, or his designee; (3) the Chairman of the Securities and Exchange Commission, or his designee; and (4) the Chairman of the Commodity Futures Trading Commission, or her designee. (b) The Secretary of the Treasury, or his designee, shall be the Chairman of the Working Group. Sec. 2. Purposes and Functions. (a) Recognizing the goals of enhancing the integrity, efficiency, orderliness, and competitiveness of our Nation's financial markets and maintaining investor confidence, the Working Group shall identify and consider: (1) the major issues raised by the numerous studies on the events in the financial markets surrounding October 19, 1987, and any of those recommendations that have the potential to achieve the goals noted above; and (2) the actions, including governmental actions under existing laws and regulations (such as policy coordination and contingency planning), that are appropriate to carry out these recommendations. (b) The Working Group shall consult, as appropriate, with representatives of the various exchanges, clearinghouses, self-regulatory bodies, and with major market participants to determine private sector solutions wherever possible. (c) The Working Group shall report to the President initially within 60 days (and periodically thereafter) on its progress and, if appropriate, its views on any recommended legislative changes. Sec. 3. Administration. (a) The heads of Executive departments, agencies, and independent instrumentalities shall, to the extent permitted by law, provide the Working Group such information as it may require for the purpose of carrying out this Order. (b) Members of the Working Group shall serve without additional compensation for their work on the Working Group. (c) To the extent permitted by law and subject to the availability of funds therefor, the Department of the Treasury shall provide the Working Group with such administrative and support services as may be necessary for the performance of its functions. The provisions of Executive Order 12631 of Mar. 18, 1988, appear at 53 FR 9421, 3 CFR, 1988 Comp., p. 559, unless otherwise noted.