20-05-2010, 08:26 PM
The European Central Bank is now behaving entirely illegally as a European Plunge Protection Team to protect the interests of bankers and the financial elites:
http://www.zerohedge.com/article/meet-la...ntral-bank
Quote:Meet The Latest Member Of The Plunge Protection Team: The European Central Bank
Submitted by Tyler Durden on 05/20/2010 12:34 -0500
Ben Bernanke European Central Bank Trichet
The long-debated topic of whether the ECB intervenes on behalf of the euro can now be put to rest. 120 pip move in a minutes is not a short cover. It is, and always has been, forced central bank intervention. Bernanke is so happy Trichet is doing his work for him for the time being. Be very wary of buying stocks on this intervention, as Central Bank involvement now at best leads to a 12 hour temporary "fix" to the market that Bernanke et al want to sustain.
(Chart at url revealing the ECB PPT intervention)
http://www.zerohedge.com/article/meet-la...ntral-bank
"It means this War was never political at all, the politics was all theatre, all just to keep the people distracted...."
"Proverbs for Paranoids 4: You hide, They seek."
"They are in Love. Fuck the War."
Gravity's Rainbow, Thomas Pynchon
"Ccollanan Pachacamac ricuy auccacunac yahuarniy hichascancuta."
The last words of the last Inka, Tupac Amaru, led to the gallows by men of god & dogs of war
"Proverbs for Paranoids 4: You hide, They seek."
"They are in Love. Fuck the War."
Gravity's Rainbow, Thomas Pynchon
"Ccollanan Pachacamac ricuy auccacunac yahuarniy hichascancuta."
The last words of the last Inka, Tupac Amaru, led to the gallows by men of god & dogs of war