Desperate PPT Intervenes in the Futures Market.
Today I look at how the Plunge Protection Team or the President's Working Group on Financial markets failed to stop the selling in the stock market on Monday, February 24th, 2020 as the Dow dropped 1031 points.
What they have achieved in the futures market in the after-hours is not too impressive as the markets have not managed even to regain one-third of their losses.
I will also talk about the fact that we do not have free markets anywhere in the world right now and not even in the U.S. and that what we have is Socialism or Collectivism for the 1%.
Distributional Financial Accounts: https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/chart/#range:1989.3,2019.2;quarter:120;series:Assets;demographic:networth;population:1,3,5,7;units:shares
The Law by Frederic Bastiat: https://fee.org/media/14951/thelaw.pdf
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