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.

Tar and feathering?

Sounds good to me...

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?

here is a clickable link :)
http://www.businessinsider.com/goldm...um-scam-2013-7

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.

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

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

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

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%.

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.

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.

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

So my empty beer cans are.worth more

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

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.