PARTY DOWN WITH THE PPT

Hi,

Last week, I read this story of how the Chinese is making insurance companies buy more stocks: http://bit.ly/9aCjjq. The title says "The Chinese Plunge Protection Team".

It made me wonder, what is the "Plunge Protection Team" (PPT)?

Well, the Plunge Protection Team was created by President Reagan in 1988. It is made up of all the finance bigwigs: Federal Reserve Chairman, Treasury Secretary, Chairman of the Securities and Exchange Commission, and the Chairman of the Commodities and Futures Commission. The name comes from a Washington Post article.

Originally, it was suppose to figure out what went wrong with the markets on October 19, 1987 (They call this day "Black Monday" now). But now, the PPT uses the government's power to keep the markets from crashing too much. They do this by using government money to by stocks and index futures when the market is doing badly.



Now, some people think that the PPT is a myth, like Ceiling Cat and Basement Cat. Other people think that the PPT is behind all the mysterious moves in the market.

People who don't believe in the PPT are always saying how people who do believe in the PPT are crackpots.


The thing is, some days, there is clearly some sort of market manipulation going on. If it's not the PPT, who could it be? I think it's a plan to keep the masses down. The only way to get out is to become part of the ruling class. I know they all have thumbs, so that's where I'm starting.




Thanks,
Manny

O HAI,

LAST WEEK, I REEDZ THIS STOREE OV HAO TEH CHINEEZ IZ MAKING INSURANCE COMPANEEZ BAI MORE STOCKS: http://bit.ly/9aCjjq. TEH TITLE SEZ "TEH CHINEEZ PLUNGE PROTECSHUN TEEM."

IT MAKEZ ME WUNDER, WHUT IZ TEH "PLUNGE PROTECSHUN TEEM" (PPT)?

WELL, TEH PLUNGE PROTECSHUN TEAMWUZ CREATED BAI PREZIDENT REAGAN IN 1988. IZ MAYD UP OV ALL TEH FINANZ BIGWIGZ: FEDERAL RESERVE CHAIRMAN, TREASUREE SECRETARY, CHAIRMAN OV SECURITIES AND EXCHANGE COMMISSHUN, AND CHAIRMAN OV COMMODITY AND FUTUREZ COMMISSHUN. TEH NAME COMEZ FRUM A WASHINGTON POST ARTIKEL.

ORIGINALLY, IT WUZ SUPPOZ TO FIGURE OUT WHUT WENT WRONG WIF TEH MARKETZ ON OCTOBER 19, 1987 (THEY CALL THIS DAI "BLACK MONDAI" NAO). BUT NAO, TEH PPT UZES TEH GUBBERMENTZ POWER TO KEEP TEH MARKETZ FRUM CRASHING TOO MUCH. THEY DUZ THIS BAI UZING GUBBERMENT MUNNY TO BAI STOCKZ AND INDEX FUTUREZ WEN TEH MARKET IZ DOING BADLY.



NAO, SUM PEEPLE THINKZ THAT TEH PPT IZ A MYTH, LIEK CEILING CAT AND BASEMENT CAT. OTHER PEEPLE THINKZ THAT TEH PPT IZ BEHIND ALL THE MYSTERIOUS MOVEZ IN TEH MARKET.

PEEPLE WHO DUZNT BELEIVE IN TEH PPT IZ ALWAYZ SAYING HAO PEEPLE WHO DUZ BELEIVE IN TEH PPT ARE CRACKPOTZ.


TEH THING IZ, SUM DAZE THERE IZ CLEERLY SUM SORT OV MARKET MANIPULASHUN GOING ON. IF IZ NOT TEH PPTWHO CUD IT BE? I THINKZ IZ PLAN TO KEEP TEH MASSES DOAN. ONLY WAI TO GETZ OUT IZ TO BECOMEZ PART OV TEH RULING CLASS. I NOAZ THEY ALL HAZ THUMBZ, SO THATZ WHERE IZ STARTZ.




K THX BAI,
MANNIE