…. And the Bounce. Wall St Switches Gears to War Time

America quickly shifting to a war economy, anybody surprised?

PPT TO THE RESCUE: 24 .5 handle sell off and a over 20 handle back up to the opening range




Investopedia explains ‘Plunge Protection Team – PPT’

“Plunge Protection Team” was the nickname given to the Working Group byThe Washington Post in 1997. The team was initially perceived by some to have been created solely to shore up the […]

Inflation Gauge Breaking Out, Fed Goes Bust, U.S. 10 Year Bond Rates Exploding, Preparing For War And Economy Collapse

The stock market has been down for days now, the plunge protection team and the high frequency traders have been trying to prop up the market but has not been successful. The FED has been talking about tapering, all signs looks like they are tapering as the market is falling. To push the market back up the FED says they might not taper. The US government is preparing to […]

Top government insider admits major inflation could be coming

From Economic Policy Journal:

As I have mentioned many times before, Philippa Malmgren is an insider’s insider.

She was Special Assistant to the President for Economic Policy on the National Economic Council. She was also a member of the President’s Working Group on Financial Markets, aka, the Plunge Protection Team.

Her client list includes every elite corporate firm in the world. (Take a minute to look at the list, it’s […]

Doug Casey takes on the most controversial gold topic in the world

From Doug Casey, Chairman, Casey Research:

For many years now, a meme has been floating around that the prices of gold and silver are being manipulated, which is to say suppressed, by various powers of darkness. This is not an unreasonable assertion. After all, the last thing the monetary powers-that-be want is to see is the price of gold skyrocketing. That would serve as an alarm bell, possibly panicking people […]

This is What I’m Doing with My Own Money Right Now – John Embry



With the Dow now at its highest level since December of 2007, today King World News interviewed John Embry, Chief Investment Strategist of the $10 billion strong Sprott Asset Management.  Embry told KWN “This is totally unrealistic and unsustainable.”  Embry also discussed gold and the mining shares, and what he is doing with his own money, but first, here is what Embry had to say about what is happening […]

David Callaway: Plunge protection team hedging on Greece

By David Callaway, MarketWatch

SAN FRANCISCO (MarketWatch) — At some point, the world’s major central banks are going to turn off the three-year spigot of free money supporting much of the world’s economic and market gains these days.

Just not right before a key Greek debt swap on Thursday that could ignite the European crisis all over again.

The Federal Reserve’s signal on Wednesday that it is […]

You Can’t Fool Mother Nature For Long: Financial Markets

by Charles Hugh Smith from Of Two Minds

You Can’t Fool Mother Nature For Long: Financial Markets

Constant State and Central Bank intervention and manipulation is not the foundation of a free, transparent market–it is perception management in service of Elite control and looting.

You can fool Mother Nature for awhile, but not over the long-term. That’s the theme of the week. Every day I will take a look at a segment […]

Euro insider: European bank holiday could be coming soon

From Economic Policy Journal:

Dr. Pippa Malmgren has just posted on her web site her latest analysis of the eurozone crisis. I will point out, again, what I have pointed out in the past. They don’t get more insider than Malmgren.

She served as financial market advisor in the White House and on the National Economic Council from 2001-2002, where she was responsible for financial market issues. She founded Malmgren […]

John Embry – Silver is Completely Flushed out to the Downside


With stocks continuing to struggle and the gold holding near the $1,620 area, today King World News interviewed John Embry, Chief Investment Strategist of the $10 billion strong Sprott Asset Management.  When asked about the action in gold and stocks, Embry responded, “I think a lot of it relates to what’s happening in the stock market.  Despite the best efforts of the Plunge Protection Team, the stock market had two […]

Scroll though zerohedge

Zerohedge link

Their headlines:

One Ounce Of Religious Non-Money Tradition = $1700

So Much For QE2: The Market Indexed For Dollar Devaluation Is Now Back To Jackson Hole Levels

China Enters Bear Market

The Farce Is (Again) Complete: Former Obama Budget Chief Orszag Says Official Economic Projections “Too Optimistic”

Why The ECB’s Monetization Is Doomed In One Simple Chart

China Isn’t Exactly Floating The Yuan But…

Muni Market Prepares For […]

Highlights From G-7 Statement Which Basically Says That The Plunge Protection Team Just Went Global

by ZH

Highlights from the just released G-7 statement:

G7 Says Will Take Every Action to Stabilize Financial Markets G7 says it will commit to secure liquidity in market G7 will cooperate closely on currency market actions G7 says it will be in close contact next few weeks G7 says disorderly moves in markets hurt economy G7 says currency rates should be decided by markets

But the winning bullet point […]

The EU is going to do some QE of their own

by ZH

There is only one section of the proposed European Bailout draft statement that is relevant to traders: Section 7, bullet 3 which says: “To improve the effectiveness of the EFSF and address contagion, we agree to increase the flexibility of the EFSF, allowing it to intervene in the secondary markets on the basis of an ECB analysis recognizing the existence of exceptional circumstances and a unanimous decision of […]