Stacy Summary: Will post the first half tomorrow.
Find the show also at Archive dot org
Goldman chief admits banks lost control, 10 September 2009, by Gwen Robinson – Blog (FT) http://ftalphaville.ft.com/blog/2009/09/10/71021/goldman-chief-admits-banks-lost-control/
Lloyd Blankfein, chief executive of Goldman Sachs, on Wednesday criticised some of the exotic products sold by banks in the run-up to the financial crisis and called for restraint on executive pay and bonuses.
At a banking conference in Frankfurt, he also repeated an earlier attack on compensation practices.
The Goldman boss, who himself gained total compensation of more than $70m in 2007, said multi-year bonuses should be outlawed and senior staff should receive large parts of pay in stock, rather than cash.
Has Barrick Been Barricked By The U.S.?
… ” Have I changed my mind about the validity of the conspiracy theory? Is it not an appealing interpretation that a decision made by policymakers in the U.S. Treasury and the Federal Reserve deemed that the cost of maintaining the gold cap at $1,000 is becoming too high? The cap can no longer be defended in view of the world’s global credit crisis. Subsequently Barrick was to be dumped and let to fend for itself in the rough waters after the sinking of SS. Lehman. Barrick has received what it has so richly deserved: it has been barricked by its partner in crime. ” …
Gold manipulation isn’t a conspiracy theory long time ago. I’ve put many times the quotes from Greenspan and two other central bankers just blantanly saying this if that’s what you mean. The question is more: How they gonna manipulate it?
But yourright I also got the impression that when $950 – $1000 is no longer sustainable they have to go to plan B if they have one?
My guess is they will go on surpressing it for the volatility gain. That’s the maximum they can steel out of it. They will indeed no longer be able to keep it under $1000.
China – Barrick Gold articles on a row (Updated) http://tinyurl.com/ld5tlu
So Barrick, seeing that the Comex manipulators have run out of duct tape and that futures exchange is fast becoming a fubar, decide, correctly I might add, to get out of the way.
So quite predictably actually, Barrick is being racked over the coals publicly for daring to show a lack of confidence in the Comex CONfidence game.
Gold and its manipulation is not about the money. It is about not allowing it be a competitive world currency or part of a world currency. They like the power non gold backing provides them. Gold and its surpression is one of their number one priorities for these and other reasons. Gold is under COMPLETE control regardless of what the Chinese do. Do not expect a collapse in the comex just because the Chinese are buying gold and do not expect a rise in the price because of this either.
Gold price Fundemental fact number one………
GOLD PRICE HAS ABSOLUTELY NOTHING TO DO WITH SUPPLY AND DEMAND ! PERIOD….END OF DISCUSSION.
Sorry the double return key duplicate. accidental.
How about that Pittsburgh game huh?
You have a way with words…
“Does he get to stroke first at the global Circle-jerk?”
“Where’s Kenny Boy” now at 10% financed on piratemyfilm.com
If you want to end the Federal Reserve Monopoly buy gold.
To a certain extent, Mike King’s comments are correct. The plunge protection team can short almost unlimited contracts on Comex. According to some estimates, paper gold derivatives amount to 80x annual production.
People should realize jp morgan is obamas favorite banker.
good job. continue to educate us Max. more videos please.
America is in the hands of international bankers robing us.
I buy gold and silver every week now. I removed all money from the big US banks. They are worse than Maddoff