Plunge Protection Team?

[pms]

Oh yeah.  I first heard about it on the gold bug sites.  I just thought the
fact that it was being talked about in places like thestreet.com was
interesting.  As far as being good, well that would just depend.  What if
these things have happened before, as in creating the bubble?  What if this
market interference is used to make the system collapse when it fills the
needs of certain element of big capital?  Or they let a few of their closest
friends in on the fact that a plunge is gonna happen but it will be short
lived (like maybe those visiting foreign dignitaries)  What power to broker.
And don't you get punished for breaking economic laws?  I don't know but I
just  started Michael's book and I see that he leading me to places I want
to look for some answers.  Speaking of thestreet.com, this fellow Don
Luskin(not a gold bug but thought gold would go up in a general market
recovery for reasons I didn't really get), as I've mentioned, was driven off
the staff for irresponsibly recommend a tiny gold stock, KGC.  (It was
around 70 cents at the time.  After a significant correction the stock is
around 2.45.)  Another reason why seeing thestreet even covering a gold bug
idea was sorta shocking.
----- Original Message -----
From: Doug Henwood <dhenwood at panix.com>
To: <lbo-talk at lists.panix.com>
Sent: Thursday, June 27, 2002 6:24 PM
Subject: Re: Plunge Protection Team?


> Not to fall prey to convention, but 1) this stuff comes mainly from
> right-wing conspiracists, who circulate it without much evidence, and
> 2) would it be such a bad thing if it were true? Should the
> authorities stand back and let the system collapse?
>
> Doug
>