Wag the Dog: How to Conceal Massive Economic Collapse

"I’m in show business, why come to me?" "War is show business, that’s why we’re here." – "Wag the Dog" (1997 film)

Last week, Fannie Mae and Freddie Mac had just announced record losses, and so had most reporting corporations. Unemployment was mounting, the foreclosure crisis was deepening, state budgets were in shambles, and massive bailouts were everywhere. Investors had every reason to expect the dollar and the stock market to plummet, and gold and oil to shoot up. Strangely, the Dow Jones Industrial Average gained 300 points, the dollar strengthened, and gold and oil were crushed. What happened? It hardly took psychic powers to see that the Plunge Protection Team had come to the rescue. Formally known as the President’s Working Group on Financial Markets, the PPT was once concealed and its very existence denied as if it were a matter of strict national security. But the PPT has now come out of the closet. What was once a legally questionable "manipulator" of markets has become a sanctioned stabilizer and protector of markets. The new tone was set in January 2008, when global markets took their worst tumble since September 11, 2001. Senator Hillary Clinton said in a statement reported by the State News Service: "I think it’s imperative that the following step be taken. The President should have already and should do so very quickly, convene the President’s Working Group on Financial Markets. That’s something that he can ask the Secretary of the Treasury to do. . . . This has to be coordinated across markets with the regulators here and obviously with regulators and central banks around the world."1 The mystery over what was going on with the dollar the first week in August was solved by James Turk, founder of GoldMoney, who wrote on August 7:

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just a slight of hand. there has been one crisis after another. when the american people get tired of one crisis another pops up to conceal what is going on. all the crap is scripted.

What to do? War and threats of war have been used historically to distract the population and deflect public scrutiny from economic calamity. As the scheme was summed up in the trailer to the 1997 movie "Wag the Dog" -- "There’s a crisis in the White House, and to save the election, they’d have to fake a war." Perhaps that explains the sudden breakout of war in the Eurasian country of Georgia on August 8, just 3 months before the November elections. August 8 was the day the Olympic Games began in Beijing, a distraction that may have been timed to keep China from intervening on Russia’s behalf. The mainstream media version of events is that Russia, the bully on the block, invaded its tiny neighbor Georgia; but not all commentators agree. Mikhail Gorbachev, writing in The Washington Post on August 12, observed: "What happened on the night of Aug. 7 is beyond comprehension. The Georgian military attacked the South Ossetian capital of Tskhinvali with multiple rocket launchers designed to devastate large areas. Russia had to respond. To accuse it of aggression against "small, defenseless Georgia" is not just hypocritical but shows a lack of humanity. . . . The Georgian leadership could do this only with the perceived support and encouragement of a much more powerful force."4

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this is just another play and we are the extras.

must be too much to handle or too far left in thinking, huh? as o'rilley would say, musselwhite is a far left loon!

It's a great article, but I think we at ATS already believe that this is what's going on, thus the lack of replies.

I definitely see more than just a little slight of hand happening with the world economy and the situation with Russia/Georgia!

It's a great article, but I think we at ATS already believe that this is what's going on, thus the lack of replies.

Yes you are correct. Now if we could get the Sheeple to see how minipulated they are .

Originally posted by writtenimage
It's a great article, but I think we at ATS already believe that this is what's going on, thus the lack of replies.

man, i just love what you said about "but i think we at ATS already believe" statement. you are definitely in the know and could not have summed my sentiments exactly. i'm going to star that comment, writtenimage.

We certainly need more such as yourself to separate the fat from the lean.

thanks for your input.

Geez, lot of wagging going on. this was posted back in 2007. so appropriate in 2022