Zero Hedge: Japan’s Plunge Protection Team stepped in to rescue markets overnight as The Bank of Japan purchased 70.1b yen of ETFs Monday after the Topix declined by 2.5% in morning trading. That was the first “intervention” since April 21st…
Then the White House called America’s Plunge Protection Team in, as Fed Speakers unleashed their double-talk, sending US equities rebounding dramatically from overnight lows…
Erasing all of Friday’s Bullard-Bomb losses…
Opinion: The Bullard bomb refers to Friday morning’s stunning statement by St. Louis Federal Reserve President Jim Bullard said, during a CNBC interview, that the central bank could lift benchmark interest rates, which currently stand at a range between 0% and 0.25%, as early as late next year. Wham-o stocks plunged.
So what is the Plunge Protection Team?
Our post January 15, 2016: “The plunge protection team (PPT) was created to shore up markets. To buy (with tax payer money) when everyone is selling and vise versa.
The team consists of the Secretary of the Treasury, the Chairman of the Board of Governors of the Federal Reserve, the Chairman of the SEC and the Chairman of the Commodity Futures Trading Commission.”
Even with the esteemed team, we didn’t solve the 2008, 2018 or 2020 crisis. We simply printed money to bail out the global market.
Prophecy students should be hyper-aware of a coming global financial crisis from which the PPT and central banks will be unable/unwilling to bail us out:
Third Seal: Scarcity on Earth
“When He opened the third seal, I heard the third living creature say, “Come and see.” So I looked, and behold, a black horse, and he who sat on it had a pair of scales in his hand. 6 And I heard a voice in the midst of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not harm the oil and the wine.” Rev 6:5-6
In the prophecy, it will take a full day’s work for a person to feed themselves for 1 day. The rich (oil and wine) are unaffected for a time. The Black Horse follows unprecedented war (Rev. 6:3-4) and according to the next 9 (chronological) chapters (Rev. 7-16) things on earth get progressively worse.
The part few understand is that hyperinflation happens suddenly.
