Sinclair: "The Plunge Protection Team (PPT) is not a speculation. There is a group of advisors to the White House which deals with markets. They also gather when markets are in extreme conditions. So to be clear, there is an organization which is designed to intervene in the markets.
The problem now is they are manipulating every market on the planet. So you had this group which was created to stabilize during extreme conditions that has now decided their job is to run all of the markets of the world.
Part of what these new masters of the markets do is control the price of key commodities such as oil and gold. When oil rises it indicates inflation. As gold rises it casts doubt over the dollar. So as I have mentioned previously, on the opposite side of the PPT, you have to have the RPT or Rally Protection Team.
What has been happening in the gold market since the Cyprus disaster is a depreciation of the price of gold that has no fundamental rationale to it whatsoever. The idea that you can take depositors' money is a complete reversal of the strategy which has been in place since 2008.
But right now the government is manipulating so many markets it's hard to understand how they can keep it all straight. Almost every major market in the world is being controlled in one way or another by one government group or another. It's like a dam that's about to fall apart and there are 1,000 fingers in every possible hole.
