Goldman Sachs manuplating the comodities market - GoFuckYourself.com

crockett · 07-21-2013, 05:37 AM

It seems that Goldman Sachs has been involved in manipulating the price of aluminum prices by constantly moving large quanties between their own storage warehouses.

This has caused the price of aluminum to go up because it increased the wait time by 20 times more than before Goldman Sachs was involved. (They bought up large aluminum brokers)

This has cost consumers in America alone an extra 5 billion over the last 3 years.. The best part is now they want to do the same thing with coper.

www.businessinsider.com/goldmans-alleged-aluminum-scam-2013-7

At what point do we finally say enough is enough and just deal with the scum bag bankers like they would have done in the old days. Bankers were always considered the scum of the earth for a reason.

geedub · 07-21-2013, 05:44 AM

Tar and feathering?

crockett · 07-21-2013, 05:53 AM

Quote:

Originally Posted by geedub

Tar and feathering?

Sounds good to me...

rowan · 07-21-2013, 05:59 AM

Seen that doco on Enron, which shows Enron guys calling a power station and telling them to shut it down so that demand increases and they can raise the price of electricity?

Paul&John · 07-21-2013, 06:07 AM

here is a clickable link

http://www.businessinsider.com/goldm...um-scam-2013-7

crockett · 07-21-2013, 07:04 AM

Quote:

Originally Posted by rowan

Seen that doco on Enron, which shows Enron guys calling a power station and telling them to shut it down so that demand increases and they can raise the price of electricity?

Yes those guys were prices of shit as well, but sadly what the banks have done to the average person is 100s of times worse than Enron was.

Phoenix · 07-21-2013, 07:21 AM

time for some jail time...i see more and more of these companies being chased down...saw one from panasonic..they have 15 top execs in jail right now for price fixing

SwirlsGirl · 07-21-2013, 08:36 AM

no different then their cousins the pseudo bankers manipulating stats and sales data, and what not.

crockett · 07-21-2013, 09:46 AM

"Prices of shit". ....damn you Google phone and your annoying auto corrects!!!

Captain Kawaii · 07-21-2013, 11:48 AM

A great christmas this year would be to see the executive board of goldman sachs swinging from a bridge at nuevo laredo. Better yet, would be a Zeta's style chainsaw beheading video.

These pieces of chit have been responsible for billions of dollars in fraud and financial misery for the 99%.

lezinterracial · 07-21-2013, 12:05 PM

Politics, News, And Investment Companies are all in bed together too much. In 1929, the Fed raised interest rates to slow investing on margin.

Today the Fed buys bonds from the Treasury through Goldman to push interest rates down, forcing people to gamble with stocks. Goldman's profits doubled last quarter because of this.

In 1933, the Glass-Steagall Act was created to separate insurance companies, commercial banking and investment banking.

In 1999, The Gramm-Leach-Bliley Act was passed that allowed insurance companies, commercial banking and investment banking to act as one institution.

We are fucked.

onwebcam · 07-21-2013, 01:22 PM

They've been doing this with all precious metal and every other investment for that matter for a long time. They were caught doing it with gold and silver not long ago. You can place blame in part to them being a part of the President's Working Group.

Barry-xlovecam · 07-21-2013, 02:16 PM

Another day, another series of congressional hearings.

Goldman Sachs probably cleared what they would do with their legal department first ...

Nasty · 07-21-2013, 08:31 PM

Read about that earlier, fucking cocksuckers. Get ready for the same thing to happen to copper, JPMorgan lobbied and got approval for copper warehousing after buying 1.5 billion worth in stealth buying, more than half of the warehoused copper available

Here is a better article about the scam imho

http://www.nytimes.com/2013/07/21/bu...d.html?hp&_r=0

beerptrol · 07-21-2013, 11:30 PM

So my empty beer cans are.worth more

Supz · 07-21-2013, 11:39 PM

So a financial institution is manipulating the price of something they invest in. This is new.....it just started 100 years ago.

dyna mo · 07-22-2013, 06:13 AM

when i told the family years ago i was slinging pr0n, a couple of them retorted i should do something respectable, like be a banker.

07-21-2013, 05:37 AM	#1
crockett in a van by the river Industry Role: Join Date: May 2003 Posts: 76,806	Goldman Sachs manuplating the comodities market It seems that Goldman Sachs has been involved in manipulating the price of aluminum prices by constantly moving large quanties between their own storage warehouses. This has caused the price of aluminum to go up because it increased the wait time by 20 times more than before Goldman Sachs was involved. (They bought up large aluminum brokers) This has cost consumers in America alone an extra 5 billion over the last 3 years.. The best part is now they want to do the same thing with coper. www.businessinsider.com/goldmans-alleged-aluminum-scam-2013-7 At what point do we finally say enough is enough and just deal with the scum bag bankers like they would have done in the old days. Bankers were always considered the scum of the earth for a reason. Last edited by crockett; 07-21-2013 at 05:40 AM..

07-21-2013, 05:44 AM	#2
geedub Confirmed User Industry Role: Join Date: Jun 2005 Location: concrete jungle Posts: 3,488	Tar and feathering? __________________ Reliable web host that actually cares, tell em geedub sent ya. Vacares

07-21-2013, 06:07 AM	#5
Paul&John Confirmed User Industry Role: Join Date: Aug 2005 Location: YUROP Posts: 8,595	here is a clickable link http://www.businessinsider.com/goldm...um-scam-2013-7 __________________ Use coupon 'pauljohn' for a $1 discount at already super cheap NameSilo! Anal Webcams \| Kinky Trans Cams Live \| Hotwife XXX Tube \| Get your Proxies here

07-21-2013, 07:21 AM	#7
Phoenix BACON BACON BACON Industry Role: Join Date: Nov 2002 Location: Poems everybody, the laddie fancies himself a poet Posts: 35,457	time for some jail time...i see more and more of these companies being chased down...saw one from panasonic..they have 15 top execs in jail right now for price fixing __________________ Skype Phoenixskype1 Telegram PhoenixBrad https://quantads.io

07-21-2013, 09:46 AM	#9
crockett in a van by the river Industry Role: Join Date: May 2003 Posts: 76,806	"Prices of shit". ....damn you Google phone and your annoying auto corrects!!! __________________ In November, you can vote for America's next president or its first dictator.

07-21-2013, 05:59 AM	#4
rowan Too lazy to set a custom title Join Date: Mar 2002 Location: Australia Posts: 17,393	Seen that doco on Enron, which shows Enron guys calling a power station and telling them to shut it down so that demand increases and they can raise the price of electricity?

07-21-2013, 08:36 AM	#8
SwirlsGirl So Fucking Banned Join Date: Feb 2006 Location: between east coast and vegas Posts: 2,067	no different then their cousins the pseudo bankers manipulating stats and sales data, and what not.

07-21-2013, 11:48 AM	#10
Captain Kawaii So Fucking Banned Industry Role: Join Date: Oct 2007 Posts: 6,748	A great christmas this year would be to see the executive board of goldman sachs swinging from a bridge at nuevo laredo. Better yet, would be a Zeta's style chainsaw beheading video. These pieces of chit have been responsible for billions of dollars in fraud and financial misery for the 99%.

07-21-2013, 12:05 PM	#11
lezinterracial Confirmed User Industry Role: Join Date: Jul 2012 Posts: 3,064	Politics, News, And Investment Companies are all in bed together too much. In 1929, the Fed raised interest rates to slow investing on margin. Today the Fed buys bonds from the Treasury through Goldman to push interest rates down, forcing people to gamble with stocks. Goldman's profits doubled last quarter because of this. In 1933, the Glass-Steagall Act was created to separate insurance companies, commercial banking and investment banking. In 1999, The Gramm-Leach-Bliley Act was passed that allowed insurance companies, commercial banking and investment banking to act as one institution. We are fucked. __________________ Live Sex Shows

07-21-2013, 01:22 PM	#12
onwebcam Fake Nick 1.0 Industry Role: Join Date: Oct 2005 Location: Rent free, your head Posts: 27,652	They've been doing this with all precious metal and every other investment for that matter for a long time. They were caught doing it with gold and silver not long ago. You can place blame in part to them being a part of the President's Working Group. __________________ PLEASE WAIT WHILE BIDEN ADMIN UNINSTALLS ITSELF..... ██████████████████▒ 99.5% complete.

07-21-2013, 02:16 PM	#13
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	Another day, another series of congressional hearings. Goldman Sachs probably cleared what they would do with their legal department first ...

07-21-2013, 08:31 PM	#14
Nasty Confirmed User Industry Role: Join Date: Aug 2002 Location: Sunny Fucking California Posts: 1,575	Read about that earlier, fucking cocksuckers. Get ready for the same thing to happen to copper, JPMorgan lobbied and got approval for copper warehousing after buying 1.5 billion worth in stealth buying, more than half of the warehoused copper available Here is a better article about the scam imho http://www.nytimes.com/2013/07/21/bu...d.html?hp&_r=0 __________________ “Ours is a world of nuclear giants and ethical infants. We know more about war than we know about peace, more about killing than we know about living. If we continue to develop our technology without wisdom or prudence, our servant may prove to be our executioner.” ― Omar Bradley (1948)

07-21-2013, 11:30 PM	#15
beerptrol Confirmed Asshole Industry Role: Join Date: Feb 2003 Location: Half way between sobriety and fubar. Posts: 12,722	So my empty beer cans are.worth more

07-21-2013, 11:39 PM	#16
Supz Arthur Flegenheimer Industry Role: Join Date: Jul 2006 Location: New York City Posts: 11,056	So a financial institution is manipulating the price of something they invest in. This is new.....it just started 100 years ago.

07-22-2013, 06:13 AM	#17
dyna mo The People's Post Industry Role: Join Date: Dec 2008 Location: invisible 7-11 Posts: 63,905	when i told the family years ago i was slinging pr0n, a couple of them retorted i should do something respectable, like be a banker.