the PPT is alive and well.
goto
www.billcara.com and search for a paper on the financial system and derivatives authored by a consortium of larg commercial and investment banks and reps from the treasury. Sorry for lack of description but if i knew exactly where it was i'd post it here. i just read it once.
Also, read more about the relationship between the central banks, the large private banks, and the politicians in this country. The Fed isn't owned by the government, it's owned by private interests who serve as proxies for their ultimate controllers. Sort of like the way CMBC is owned by GE, which is why you must read between the lines whenever they say ANYTHING about any market related news or advice (which is all they do). Right now they are pumping the record highs and strength of the market, meanwhile the stock prices of GE, AMT, and MSFT are much much lower than they were the last time the dow was at these levels. The three broadeast industrial, consumer, and technology companies on the market and they're shares are depressed. Do you think CNBC doesn't know this?
The banks and the fed are all in bed together as they are the stewards of the monetary system for the richest % of the population. It's not a large right-wing conspiracy, but a system that is designed to benefit those in power while keeping the average person ignorant of necessary details. Think about it, all financial analysis is abandonded for soundbites and easy logic on tv for public consumption. the people have no idea what's going on in the market, which is why they buy at tops and sell at bottoms.
Checkout these two articles for starters, then browse the rest of the sites over time if you're interested in learning about how markets really work, and not the way they mislead you to believe.
http://www.safehaven.com/article-5992.htm
http://www.safehaven.com/article-5986.htm
Read more. checkout:
www.prudentbear.com
www.safehaven.com
www.rgemonitor.com
www.billcara.com