(click on the small photo for a 3-4 minute video)
Plunge Protection?
[Jan 9: An Amazing Blunt Commentary on the Plunge Protection Team]
I was a bit taken aback to see this quite blunt commentary about the Plunge Protection team in the UK Telegraph (you see me source articles from them quite a bit since they have a different view than most stateside papers - a more pragmatic view I'd say). The American press never really talks about this group - or at least I have not found a lot of articles (try googling for it), most of my stories about them come through the British press. Interesting....
I half sarcastically discuss this group as the "invisible hand", and a lot of things you see over time (especially the last 6 months) seem to be more and more blatant attempts at 'propping things up'. But the more you see of it, the less conspiracy theorist it sounds and the more grounded in reality it becomes.
