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The Open market Committee of the FED can do anything with any amount of money. Here is where the cartel goes bad. Her actions are only know by her shareholders and give them many chances for inside knowledge based trading with huge profits on the cost of the other market parties. In 1988 a second similar unit is created by President Reagan his Executive Order 12631 as response the Black Monday event of October 19, 1987. It's called the Working Group on Financial Markets (since an article in The Washington Post also named The Plunge Protection Team). A unit of the Treasury, the Federal Reserve System, the Securities and Exchange Commission and the Commodity Futures Trading Commission. Capable to intervene with unlimited financial power into markets. This is not some smart CEO who uses inside information on small scale, this about major powers who decided that the market must move in a direction, giving all the parties involved very accurate inside information to profit from about any other market party or any individual.

Author: Gijs Graafland

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