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The Treasury's war with the Fed

Dec 26, 2018

The stock market has rallied mysteriously today after dropping 5,000 points since early October. By all accounts, the market was set to plunge further today when the markets opened after Christmas, especially when we saw the market in Japan go down by more than 5 percent earlier today.

However, the Plunge Protection Team got into action, not only preventing a collapse but rallying the market artificially. As I write this, the market is up 1,086 points, which is almost unheard of.

The other day, Treasury Secretary Steve Mnuchin tweeted to the public that he was going to meet with the Plunge Protection Team to deal with this market crisis. The news media called it a "rare" tweet, but the results are now evident. Here is what his tweet tells the public:

1. The Plunge Protection Team actually exists.

2. The Plunge Protection Team is designed to manipulate the markets.

3. The Trump Team controls the Plunge Protection Team now (rather than the Deep State).

4. The Plunge Protection Team is now being called upon to protect us from the Federal Reserve's monetary policy of raising interest rates.

5. It was a signal to stock traders to buy, because the market was going to go back up when the PPT started buying.

The PPT manipulates the markets by buying or selling stocks. The question is who actually owns those stocks? On which balance sheet can one find those stocks?

The only thing I find somewhat deceptive is the notion that the PPT meets only when called upon by the Treasury Secretary. It may be that the main bankers are not directly involved in the day-to-day decisions, but they certainly have agents who monitor the markets daily and manipulate them accordingly.

The PPT was established by Reagan after the 1987 market crash. Prior to that time, the Fed itself was the main manipulator of markets. I recall back in the 1970's, Congress asked Fed Chairman Arthur Burns about this, and he told them on the record that they bought and sold more than a trillion dollars worth of stocks EVERY DAY.

That was back in the 1970's. There is no telling how much is bought and sold today by the Fed, but now the PPT has gotten involved as well.

More to the point, the PPT is apparently not part of the "independent" Fed but is under the Treasury Secretary and thus controlled by whoever is president. In view of Trump's recent barrage of anti-Fed tweets and the media's rush to keep the Fed "independent" (i.e. sovereign over the US government), it is now clear that Trump is at war with the Fed. Rumor has it that Trump is working to discredit the Fed and to nationalize it at some point soon.

Many of us who know the history of the Fed's founding in 1913 understand that this event put us into bondage to the moneyed interests of international banking. The passage of the Federal Reserve Act is specifically what put us into the Laodicean Age of captivity to Mystery Babylon. So the nationalization of the Fed would specifically mark the overthrow of Mystery Babylon, ending its rule ("independence") over the US government.

It will be interesting to watch how this progresses. I think that 2019 is going to be quite eventful, but not before the first of January.

 


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Category: News Commentary
Blog Author: Dr. Stephen Jones