Former “Plunge Protection Team” Head says that manipulating markets “is inherently good with limited costs”. That’s not all says in defense of the Fed. Makes one wonder why people deny gold and silver price manipulation and suppression, yet “bond purchases” are cool…

The global economy is falling apart  – quickly.  And the only markets in which that fact is not being reflected is in select U.S. stock indices and in the Comex paper gold and silver market.   As I started to write this, the Plunge Protection Team has pushed the S&P 500 into a gain from Thursday’s close…

Source: Yahoo Finance

Crisis?  What Crisis?  Enter The “Plunge Protection Team”
To the best of my knowledge, no one has pointed out the highly unusual euro/dollar trade that occurred last Monday, June 29.  Over that weekend, it was clear that there was no more “crying wolf.”  Talks had failed and futures and the opening of markets worldwide early Monday morning reflected this reality.  It was this reality that ultimately pushed Alexis Tsipras, Prime Minister of Greece, to call for a referendum.

But a funny thing happened during early Monday morning trading on June 29…
Click here for TND’s Exclusive Break-Down of the Plunge Protection Team Caught in Action Over Greece:

 

 

In his latest update, former Bear Stearns trader Greg Mannarino discusses the massive exodus of the retail investor out of the equity markets.
Who is buying equities in bulk?  That would be Mr. Brian Sack, head of the Federal Open Market Committee, better known as the Plunge Protection Team.

Mannarino’s full update below: