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John Galt Posts:1 2006-12-20 07:58:32 |
Do you think that the Federal Govt is manipulating the markets? |
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| Is the government intervening in the stock markets? Are they propping up the US Dollar? Was the price of gas manipulate before the elections? Are they behind a lot of the mysterious gold selling that happens in NY everytime that gold tries to go up? The Treasury and the Fed are now loaded with former Goldman Sachs employees and Goldman has just had unbelievable record profits. They also went on record changing some futures trading that caused gas prices to plummet just when Paulson went to Treasury. Am I the only one that sees this?
That's gas as in gasoline not natural gas. |
Taranto Posts:17 2006-12-20 08:08:13 |
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| The federal government is not allowed to trade in the stock market, so don't affect it directly.
However, the Fed intervenes to affect interest rates (that is their job) to help smooth the rate of growth in the economy. Ptopping up the dollar is also part of their job. They have a lot of power -- but not as much as most people think. Their setting of iFed Funds Rates is often a reaction to what the market tells them to do. If the market disagrees with the Fed's ideas, it will go in a different direction. As for the Treasury getting people from Goldman Sachs -- there is a long tradition of sending Wall Street's best to Washington. This tradition is particularly strong with Goldman, and cuts across party lines. President Clinton also appointed a Treasury Secretary who had been chairman at Goldman Sachs. |
| Rabbit Posts:18 2006-12-20 08:14:29 |
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| The first question caught my attention. The second question killed it. The government WANTS a lower dollar. We are trying to help exporters sell more stuff abroad by making it cheaper. There are several reasons for that--balance of trade improvement, increased industrial jobs, and compensation for a frequently unfavorable opinion against America abroad.
As for the staffing of treasury and related with the profitability of Goldman Sachs, consider that after those key people left GS profits rose--the government got those who held performance down at GS, is a more likely scenario. For the issue of natural gas prices falling, the problem there is what? I think you are looking for conspiracies, or am I the only one that sees this? |
| tallbrian1000 Posts:1 2006-12-20 08:14:30 |
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| The government has and does influence the economy. The Federal reserve adjusts interest rates and money supply, Congress adjusts tax laws to add or subtract money from the economy. i the government is propping up the dollar they are not doing that good of a job it just keeps falling.
I guess the answer to your question is Yes and No. |
| gamesam43 Posts:1 2006-12-20 08:19:35 |
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| Yes - they are!
The US regulary dumps gold on the market in order to supress the gold prices, a high gold price is bad for the dollar - trouble is they are running out of gold to sell! John Embry of Sprott Asset Management did a big report on it accusing the government of maniplatiing the gold price...THEY DID NOT REFUTE A SINGLE WORD! ie. its all true! As for the stock market the US is constantly proping it up - Fed Head Ben Bernanke admitted openly that there was a Plunge Protection Team - to stop the market from falling. There hasnt been a 2% correction (fall) in the US stock market since 9/11 - do you know what the chances are of that happening? 89,000,000 to 1 need I say more.... ....check the sites below for more info and ask the guys who run them if you have any more questions, or IM me samkirtley@hotmail.com |
