Homerun

[dvictr]

http://www.youtube.com/watch?v=rJ1OB2iLxcY


watch the question again... and it is clear that RON PAUL made john mccain look like an idiot when asking about the FOMC...its technical and complicated stuff. but something a presidential candidate should know!

he had no clue what the group is!

[BuddyRey]

http://www.youtube.com/watch?v=rJ1OB2iLxcYhe had no clue what the group is!

Neither did I. I wish somebody would explain it. :D

[nightlight]

Neither did I. I wish somebody would explain it. :D

A prominent economist explained it in plain English:

Ron Paul: "Do you know jack shit about economics?"

McCain: "No, but I have lots of friends. Maybe one of them does?"

[dvictr]

Neither did I. I wish somebody would explain it. :D

thats ok... its technical and complicated stuff. but something a presidential candidate should know!:eek:

its basically a group that can manipulate the markets using the infinite resources of the federal reserve as an "investor".. the idea is that they control hedge funds oversees and buy stocks and bonds to keep prices from crashing.. like what happened on teusday

the point is that their is no transparency to the public. and make problems worst



-

[AlbemarleNC0003]

Neither did I. I wish somebody would explain it. :D

http://www.telegraph.co.uk/money/main.jhtml?view=DETAILS&grid=A1YourView&xml=/money/2008/01/07/ccview107.xml

Basically, it seems to be government money buying up stocks to artificially inflate the markets.


It appears to have powers to support the markets in a crisis with a host of instruments, mostly by through buying futures contracts on the stock indexes (DOW, S&P 500, NASDAQ and Russell) and key credit levers. And it has the means to fry "short" traders in the hottest of oils.

[skipford]

http://www.telegraph.co.uk/money/main.jhtml?view=DETAILS&grid=A1YourView&xml=/money/2008/01/07/ccview107.xml

Basically, it seems to be government money buying up stocks to artificially inflate the markets.

So what happens when they decide to sell them?

[DirtMcGirt]

bump

[tomveil]

Hope there's a press release about this tommorrow. If he's the only one making news (ha), he can make McCain look like an idiot, right after he said "I don't know where you got that quote" (You-Tube or quote proof, please ;)) When talking about how WONDERFUL he is in the area of economics. Seems like our new ECONOMIC ADVISOR COULD MAYBE SAY SOMETHING AT THE PRESS CONFRENCE. ;)

[JustBcuz]

A prominent economist explained it in plain English:

Ron Paul: "Do you know jack shit about economics?"

McCain: "No, but I have lots of friends. Maybe one of them does?"

LMAO

That's it in a nutshell! :D

[Carole]

The President's Working Group on Financial Markets (PPT-Protection Plunge Team) gets together when there is a crisis in the market, such as we are having. They decide how to manipulate the market, say add 30 billion dollars from a special 500 billion dollar piggy bank. They call the big banks and tell them how much each bank will be allowed to borrow, etc.

This gives the big banks then what I think is referred to as liquidity to cover their problems.

Unfortunately, the PPT abuses this "tool" and are now using it on a daily basis, thereby manipulating the market constantly-which is illegal. They tip off their buddies and their buddies probably tell a few friends and it results in insider trading. also illegal. In other words, they use this WGFM or PPT to cheat people out of billions. There is no sunlight of course-it is supposed to be a secretive group, but guess what, it isn't. Their dirty little hands are all over the market daily.

They caused the market to adjust upwardly by 600 points in a couple of hours!!! An impossible thing to happen naturally. Keep in mind when it is time for the endgame, they can very easily use this same tool-if it does not happen naturally- to deflate the market and create the circumstances to shut down the market, even for martial law.

Have no fear though. the market will eventually crash anyway. Only thing propping it up appears to be the CIA-drug money.

Ron Paul's question was designed to both shed a little light on this secret group for the public and to illustrate to people that McCain has no clue about economics.

[GHoeberX]

http://www.youtube.com/watch?v=rJ1OB2iLxcY


watch the question again... and it is clear that RON PAUL made john mccain look like an idiot when asking about the FOMC...its technical and complicated stuff. but something a presidential candidate should know!

he had no clue what the group is!

The story is even better! Ron Paul said after the debate that McCain had never heard of that group. How he knew?

The people who McCain was bringing up were ACTUALLY ON THAT COMMITTEE

Check: http://www.youtube.com/watch?v=xPm8ptvIMPs

[tomveil]

The story is even better! Ron Paul said after the debate that McCain had never heard of that group. How he knew?

The people who McCain was bringing up were ACTUALLY ON THAT COMMITTEE

Check: http://www.youtube.com/watch?v=xPm8ptvIMPs

Press confrence one time, dealer!

[billyjoeallen]

The story is even better! Ron Paul said after the debate that McCain had never heard of that group. How he knew?

The people who McCain was bringing up were ACTUALLY ON THAT COMMITTEE

Check: http://www.youtube.com/watch?v=xPm8ptvIMPs

ROTFL!

[Mitt Romneys sideburns]

Asking McCain was a brilliant move. Not only did McCain have no knowledge of the group, he really did not understand the basic premise of what Ron Paul was trying to ask him. McCain came off like a bumbling idiot. Any other candidate could have handled it. McCain doesnt have a clue. Had he asked another candidate, the whole thing would have been overlooked. Who wants to watch a video of Romney or Giuliani neo-con their way through a question? But with McCain, his dopey response makes for a good laugh. As a result, the event will be spread around more, and education on this topic will reach a broader audience.

[digiphaze]

I agree, it totally stumped McCain and was frickin hilarious.. However, for people just getting to know Dr Paul, putting forth a question that 99% of the audience had no clue on also could hurt him.

They may have sympathized with McCain in some cases.

[thefred]

here is some more info on the question from ron paul himself

http://www.youtube.com/watch?v=xPm8ptvIMPs


and to seriously understand the question i guess one has to check this out

http://www.youtube.com/watch?v=yxnWl63Avo4

[Pete]

McCain pledges that he will have the best and brightest foxes watch the henhouse. :)

[FTL]

I got Rick Rolled.:p

[Wyurm]

Neither did I. I wish somebody would explain it. :D

Perhaps you have heard of them by their more common unoffical name: the PPT, or Plunge Protection Team. Here is where they got their nickname: http://www.washingtonpost.com/wp-srv/business/longterm/blackm/plunge.htm

Essentially they manipulate the markets. It has received alot of attention lately as Bush was publicized to have met with them to determine what course of action to take regarding the current financial crisis.