I was surprised after all these years to find a major conspiracy theory that doesn’t have a lame debunking article on Wikipedia.
Now that I’ve found one, I’m hopeful that Wikipedia is getting the message: People won’t support censorship outfits like yours, because you’re often wrong about important things (same as me and everyone else).
The non-debunked conspiracy theory I’m talking about is the real-world function of the The Working Group, also known as the “Plunge Protection Team.” The PTT was set up on March 18, 1988, by Ronald Reagan in response to “Black Monday” (October 19, 1987) when the stock market did a one-day black swan dive, the likes of which had never been seen before. This titanic yet brief crash was due to programmed trading by the primitive software of the era.
The Working Group’s existence is mainstream knowledge. Its official marching orders included this admonition: “consult, as appropriate, with representatives of the various exchanges, clearinghouses, self-regulatory bodies, and with major market participants [big stock traders] to determine private sector solutions wherever possible.”
In other words, “Now hear this: all you governmental market regulators and massive non-government stock trading institutions (the 16-ish Fed-favored banks and the gigantic funds like BlackRock, Vanguard, Charles Schwab, State Street Global Advisors, and Fidelity Investments), the new 1988 official government policy is that you people WILL artificially prop up the US stock market during major crashes. Capeesh?”
OK, that’s a paraphrase, but it’s the message.
Ten years later in 1997, The Washington Post came up with the nick name for The Working Group: “The Plunge Protection Team.” Soon other people woke up to the reality that the US stock market is being propped up artificially during downturns in response to an official government mandate.
One of these awakening elites was, in fact, a former FED member, Robert Heller, who not only believed that the whole fraud was happening, but he thought it was a good idea and suggested a better way to dishonestly and covertly prop up a falling US stock market…
To quote Wikipedia (gag me): “Former Federal Reserve Board member Robert Heller, in the Wall Street Journal, opined that ‘Instead of flooding the entire economy with liquidity, and thereby increasing the danger of inflation [as Joe Biden recently did and Trump before him], the Fed could support the stock market directly by buying market averages in the futures market [the S&P 500 futures contract, symbol ES], thereby stabilizing the market as a whole.'” (This has nasty implications for Bitcoin, by the way.)
The thing these sorts of well-meaning experts don’t realize (or more likely they do realize it as part of their plan) is that when a country’s government takes over private enterprise, you’re left with a totalitarian government. Simple as that. Whether it’s communist or fascist makes little difference to the millions of people they tend to exterminate.
Knowing (from their dealings with England) all about the totalitarian instinct that dominates ALL human organizations from Christian Churches to secular Kingdoms, the “Founding Fathers” of the US did their best to segregate the forces of central power, giving us the separation of law makers, law enforcers, judges, and arguably “church and state” to some degree. Remember this old quote from the day they founded the USA:
“Well Doctor, what we got, a republic or a monarchy?”
“A republic,” replied the Doctor, “if you can keep it.”
Keeping it is today’s colossal struggle. It ain’t looking good, folks.
Today’s power-monopoly that the “Founding Fathers” couldn’t foresee and avoid was the takeover of the US government by corporate industry (through re-election bribes and threats) and the simultaneous government takeover of asset control by strong-arming the largest market participants with the creation of the Plunge Protection Team and its official mandate (to fight market crashes by “temporarily” ending free markets in the US).
The US experiment in freedom has been sweet, but it will be brief unless we citizens wise up in a superhuman way and stop voting for people who promise to give us expensive things that our great grandchildren will have to pay for, including the mainstream mirage of an eternally expanding money supply (through debt and central control).
The sweetness of free markets in the US is this: they have lifted the vast majority of poor people from life-threatening poverty into a relatively starvation-free type of poverty where obesity is now a problem among the poor. As far as I know, free markets are the only human experiment that has accomplished this incredibly hopeful feat. All other attempts, including communism, have failed miserably.
I suspect the success of free markets comes from the way they inspire people to work harder than they ever have before. We’ve seen this in real-time in China, for example, when they opened the doors a narrow crack to free market enterprise. In record time their country’s GDP skyrocketed and the poor began climbing out of poverty. Lately, unfortunately, the Chinese Communist Party has been frightened by the whole thing and seems to have pulled the rug out from under their own economy, but who knows what the truth really is in China?
The answer is, only their “president,” Xi Jinping, who has recently become a life-long dictator in response to his own human greed for power and control. He alone knows China’s truth because totalitarian governments throughout history have considered lies an essential tool, not an ethical gray area, and certainly not an inherently destructive force that destroys trust, trustworthiness, and love, the foundations of every stable culture, marriage, and friendship on Earth.
I think it’s well to remember that our loss of free markets in the US (and the resulting loss of the true democracy we once had) is just as likely to have happened as a manifestation of either
1. unintended consequences of well-meaning experts, or
2. the planned, bloodless takeover of western democracies by tyrants, possibly communists from China and Russia, and/or the well-intentioned sociopaths who run the World Economic Forum and seem blind to the “unintended” negative consequences of their wonderful sounding plans and dreams for a top-down utopia (owned and operated by wealthy stakeholders).
Hey, Klaus Schwab, the world has tried every sort of pseudo-democracy with wealthy elites running things. It does not work. Totalitarianism does not work, dude.
No matter who winds up at the top, the outcome is never sweet for the poor and the middle class.
Ironically, many, if not the vast majority of people in the US who openly favor totalitarianism are good-hearted, smart people whose sincere desire is to elevate the poor. But thinking critically about complex human systems while trying to see both sides of a political argument was not part of their education because US public schools and universities don’t allow it on campus.
At the moment, the latest addition to the “tools” of the Plunge Protection Team is the Reverse-repo Market that was created in recent years and later began collecting trillions of dollars in deposits from the FED-favored banks after the FED raised the free money (interest rates) they donate to their powerful puppets.
And since “there’s no free lunch” in this world, these lucky puppet banks, being part of the Plunge Protection Team, will be called upon to support the stock market when it crashes in 2023.
But they won’t be buying individual stocks or unleveraged exchange traded funds (ETFs).
Instead, as Robert Heller suggested (linked above), the Fed’s pet banks and obligated trading firms will simultaneously prop up the US stock market by buying stock index futures (mainly the ES). What Heller didn’t know is that they will also sell short the futures contracts of one specific asset that the public presently despises.
I’m talking Bitcoin. The government’s machine will be selling Bitcoin futures.
The totalitarian instinct of all human institutions will kick in when they realize that Bitcoin could limit their plans for top-down micromanagement of the US citizen’s spending habits.
The US government is moving towards a central bank digital currency (CBDC) that will give them total financial surveillance over citizens as well as the ability to influence our spending and savings through “incentives” like “spend it now or lose it” and “you bought too much meat and used too much electricity last week, a $666.00 fine has been deducted from your account. Sincerely, Klaus Schwab.”
This hellish CBDC reality is on the way. If you’re a Democrat, imagine Trump wielding this kind of power. If you’re a Republican, imagine Biden with this level of instant and direct control over your bottom line.
The only competition to a US CBDC today is Bitcoin. It can’t be outlawed by the The Securities and Exchange Commission because (unlike Ethereum and nearly all other cryptocurrencies) Bitcoin is not a security, it’s an asset, vaguely resembling a platonic form of gold, and it’s 100% the opposite of a central bank digital currency because it cannot be artificially created or destroyed.
When the folks at the FED begin promoting their CBDC, they will need a way to keep the price of Bitcoin from rising and attracting the buying power of the masses. Before long, they will remember brother Heller’s advice on how to do this devious thing most efficiently by SELLING Bitcoin futures contracts (BTCZ2).
Bitcoin’s “tail”, the Bitcoin Futures contract, is so highly leveraged that big money can use it to manipulate the underlying asset (actual Bitcoin) and “wag the dog” with relatively small amounts of money. They don’t have to buy up most of the Bitcoin to corner the market and then trickle-dump a bit of it every time Bitcoin’s price rises. That plan was so last week. Today…
Big trading firms and Fed-funded banks working together in silent but legally mandated conspiracy can move the broader stock market indices, according to former FED member Heller.
And since they can do that, we know they can certainly control the price of Bitcoin and stop it from competing with CBDC and limiting the grip of the FED’s exciting new totalitarian powers, delivered to them through the glorious miracle of central bank digital currency.
Why do these things happen?
Well, some people probably come into this simulated version of Reality to learn what it feels like to be a power-hungry control freak in order to avoid being this way when they “die” and return to Reality.
The rest of us probably volunteered to come here for reasons specific to us and to those we love.
“To everything…There is a season…And a time to every purpose under Heaven.”
Hang tough and keep your faith in God, whatever worldview details you believe.
Morrill Talmage Moorehead, MD