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Finally, the truth comes out, the "invisible hand" is the Fed

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Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-07-05 04:35 PM
Original message
Finally, the truth comes out, the "invisible hand" is the Fed
The Invisible Hand
(of the U.S. Government)
in Financial Markets
by Robert Bell

Summary: The U.S. government is manipulating all major U.S. financial markets—stocks, treasuries, currencies. This article shows how it is possible and how it is done, why it is done, who specifically is doing it, when they do it, and where they get the money to do it.

Most people probably believe that the major capital markets in the U.S. are basically true markets with, occasionally, maybe very occasionally, a little bit of rigging here and there. But evidence shows that the opposite is the case—the rigging is fundamental with a little bit of true markets here and there. I have discussed how this works concerning U.S. and some other stock markets in an earlier article.<1> Here I will primarily discuss the rigging of currency and U.S. Treasury markets.

More at http://www.financialsense.com/editorials/reality/2005/0403.html

For those of us who have watched the ups and downs of the Dow over the past couple of years, this comes as a confirmation of what we've long suspected.
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bvar22 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-07-05 04:38 PM
Response to Original message
1. Recommending for Greatest
This needs more exposure. I don't pretend to understand the financial markets, but I do understand rigging something.
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dcfirefighter Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-07-05 05:10 PM
Response to Reply #1
2. Wow, that'll take some time to digest.
Here's a potential solution:
http://www.themoneymasters.com/
You can watch the movie for free
http://www.archive.org/movies/details-db.php?collection=opensource_movies&collectionid=MoneyMasters&PHPSESSID=ca95f67441071070673e56b2b44ca7d3
The guy who makes the site is a bit off, but then so are we all. Since I first 'found' this site, I've tried to find some disproof, some reason it couldn't be done. It can, but of course, TANSTAAFL.

You'd stop getting your 1% bank deposit interest & free checking.
If you wanted interest you'd have to invest in something, like mortgages, or stocks, or loans.
We'd stop paying $250B on US Fed Debt interest.

The only down side I've found is that the US Government would have to be careful not to print too much or too little money.

A potential solution is that they could index this against a basket of commodities fairly easily, perhaps with a fixed range of numbers not to be exceeded without a supermajority vote of both houses. (Example, the Treasury will print treasury notes in sufficient amounts to maintain a constant price for a specified basket of commodities. The treasury shall print notes representing at least 1% but not greater than 4% of the existing stock, unless authorized to by congress.)

Those green things in your pocket are Federal Reserve Notes. There used to be Treasury Notes that looked similar, and spent the same.
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EVDebs Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-07-05 05:13 PM
Response to Reply #2
4. Too late. Oil is paid for in dollars (dollar is dropping fast , foreign
govts and traders now hedge with oil price, which is RISING with a bullet).
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EVDebs Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-07-05 05:11 PM
Response to Original message
3. The so-called Free Market isn't really all that 'free' then, is it ? n/t
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hvn_nbr_2 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-08-05 01:33 PM
Response to Original message
5. The Fed also manipulates the economy to influence presidential elections
Here's an article that shows how:

http://david_brubaker.home.comcast.net/FedIntRateChart.v3.htm

Excerpt:

During every four-year presidential term, there is a period of 24 months when the Federal Reserve Board's actions on interest rates will have the most impact on the state of the economy during the next presidential election.

During the periods when their actions will most affect the state of the economy during the next presidential election season, the Fed's actions are diametrically opposite depending on the party currently in the White House...

During that sensitive period of time in every presidential term since 1960, the Fed has acted to stimulate the economy if the incumbent is a Republican and to slow the economy if the incumbent is a Democrat.
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rucky Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-08-05 04:17 PM
Response to Original message
6. All Hail Alan Greenspan!
Edited on Fri Apr-08-05 04:18 PM by rucky
With the Pope out of the picture, that must make you the undisputed most powerful man in the world.

:hurts: :hurts: :hurts: :hurts:
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renoray Donating Member (194 posts) Send PM | Profile | Ignore Sun Apr-10-05 10:29 PM
Response to Original message
7. a silly aside
I can't say I understand enough of this to be an effective contributor. I have always thought that social security privatization is an attempt to more effectively rig the markets. Would you say that is correct? If it is, doesn't that indicate that the markets currently effectively rigged?

I have a problem with the suggestion that the general public doesn't think the market. I don't think that is an accurate idea. Most people know the fix is in, they just don't think they can do anything about it.

Also, one of the bad guys in the next star wars movie(which is pretty much about the fulfillment of the neocon agenda) has a ship called "the invisible hand".
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