Friday, July 15, 2011

Treasury To Stop Funding Its Market Manipulation Fund To Delay US Bankruptcy

After pillaging the G Fund and Civil Service Retirement and Disability Fund (CSRDF), aka the Government retirement funds, Tim Geithner was just forced to resort to the final debt ceiling extension measure: suspending reinvestment in the Exchange Stabilization Fund, better known as the mechanism by which the Treasury manipulates the stock, bond and FX markets, often times indirectly (thank you Brian Sack and Citadel fat pipe) and on occasion with CIA assistance.

Free market... no more plunge protection team...


More At Heading Above 

The 9/11 Attacks and the Black Eagle Trust Fund

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