- Vaccine Education Summit
- Bitcoin Summit
- Ernie's Favorites
- THE R3VOLUTION CONTINUES
- "It's Not My Debt"
- Fascist Nation's Favorites
- Surviving the Greatest Depression
- The Only Solution - Direct Action Revolution
- Western Libertarian
- S.A.F.E. - Second Amendment is For Everyone
- Freedom Summit
- Declare Your Independence
- FreedomsPhoenix Speakers Bureau
- Wallet Voting
- Harhea Phoenix
- Black Market Friday
The Plunge Protection Team's job description is to prevent another 1987-like 'Black Monday' from occurring (the Dow fell 22.61% on 10-19-1987). How can that be done?
According to John Crudele of the New York Post, Robert Heller, a former member of the Federal Reserve Board, described the modus operandi of the PPT as 'buying market averages in the futures market, thus stabilizing the market as a whole.'
The existence of the PPT was verified by former-Clinton advisor George Stephanopoulos via an appearance on Good Morning America on September 17, 2000. At the time of Mr. Stephanopoulos' appearance, the Nasdaq (Nasdaq: QQQQ - News) was caught up in the dot.com bubble bust and had fallen 25% in less than six months, as did the Technology Select Sector SPDRs (NYSEArca: XLK - News).
Additional Related items you might find interesting:Related items:
News Link • Economy - International
News Link • Events: America
News Link • Science, Medicine and Technology
News Link • Liberty Report Mythbusters
News Link • Federal Reserve