G. L. Turner

Goldman Sachs' Latest Initiative: Business Plan or Charitable Donation?

I like th fact that they now control the Interantional Oil Futures market...
and the CFTC, The Fed and the Treasury have yet to do anything about stopping this, and many other of their sins.

Very appalling, is how often they break the securiteis laws...and then after a couple of years, have made billions on the illegal action, negotiate a fine in the $40m to $70 M range, doing this numerous times - but, alas, this is a "calculated' 'cost of doing business expense' that they so arrogantly factor in - and yet they continue to get away with it...

When we put in term limits and bar the pols from taking corporate money, then maybe, we'll have a chance. Just remember, when a few corporations and heavy weights rule, America is on the skids...

PS- I have pretty much decided that Obama and Buffet are now part of the vampire squid sucking team....

The Global Oil Scam: 50 Times Bigger than Madoff

derrly,

Your follow up comment was very well stated, and describes the problem very well....hopefully some of these who are clinging to 'peak oil production' and speculators even each other out mantras will begin to see the light, as they pull their head out of the tar sands....

The Global Oil Scam: 50 Times Bigger than Madoff

Fabulous Article - I started writing our Senators and a Few Key House Reps in Jan. 2008 as I had already "smelled" a very foul smelling RAT -- and I was not even 'into business' during the last few years.

Simply put, when Bush Allowed - actually "PUSHED" the 2005 Oil Mergers through so rapidly, WHICH WERE TRULY VIOLATION OF ANTI-TRUST LAWS - I remarked that we would be soon screwed at the pump...and yes, we soon were! I also begin to tune-in to CNBC, I could sense, via the GS "analysts" reports' that the MAYA was gushing full stream. It has all been a big greed conspiracy between the groups mentioned in the article and the Bush Admin in order to pull it all off.

ryanclarke and M Anthony, I have read many of your comments...The supply problems are a good ways off, the whole picture, and especially in your minds, is a function of falling prey to all the rumors and hype, and "prices come true" as have been demanded and engineered by GS et al over the last couple of years...SO PLEASE WAKE UP T TEH REALITY THAT WE ARE A GOOD $16 OVERPRICED TODAY, WITH ONLY $4 OF THAT BEING THE DOLLAR...

And Mike Masters et al. did the number crunching to help verify the problem...and yes, the $147 spike and drain off up to that point was the main culprit of the great global Recession, and another will be right around the corner if this greed cartel is not busted up soon!

Please, people DO FAX your Pols, we need the pressure!!

It’s Tough Being a (Small) Speculator

Good article! - You 'get it, man'!!

The system has been 'gamed' by a few, who have creatd a huge web that allows full manipulation. They onw the government and play on all fronts...yes, they have the horsepower and the hooks in all the right palces, to use a little leverage and have the markets trend in a certain direction, gin it up even more, and then short it out before the herd, that they herded into the game based on their 'investment advice', knows what hit them!

The Next Major Financial Crisis

Gee, Have you noticed how even Ole Warren hasn't been so well, ever since he decided to loan the Greed Meister's the dough they needed last year to offset their Oil/Commodity Trading Losses...

I guess when you get in bed with the vipers, you will get bit sooner or later...Hmmmm.

Is the $700 Billion Really for Bailing Out the Fed?

BTW, ABG, Good Article and A Good Reply Post, too!

Many 'out there' have not begun to accept MS and GS
s role in running up iteh price of OIL, thriggering the Global Recession..."it is only supply and demand"..well, NO its not1

Our reserach indicated, and was confirmed by the Oil Chiefs, The Saudis and the IMF, in testimony, that anything above $90 was excessive speculation brought on by the new financial players, since mid-2005 - the point at which GS began to really induce the funds to invest in their CIFs and become 'passive long investors".

This, btw, is their language, not that of M. Master's, as some would believe. (Again, people speak out without looking at the facts.)

Is the $700 Billion Really for Bailing Out the Fed?

I had said earlier today, before reading this article based on news from a very smart investor that the $700B was the amount Treasury is needing in the next few quarter's to finance their debt and that China, Russia and the OPEC group had alreadied told Paulson that based on his and Buh's handling of the dollar, they were not going to be at the window. So the WS Banks that are the Primary Dealers were not going to have their usual set of clients on hand to pass the Notes to. SO, Paulson came up wiht a Ponzi Scheme, and this puts the problem off at least a year.

For the political edge, they assume that he Dems take the WH and the load is so great that they can't fix it and surprise, Romeny stands ready in 2012....

BTW, the reason the WS Banks need greasing is that they have lost their shirts, and pants too, this year with all their excessive commodity speculation. The country has been drying up from the export of funds to OPEC since 2005, when GS began juicing the Passive long investor and causing commodities to rise and China has been soaking up our dollars for the last decade.

Roosters are now coming home to roost and it ain't pretty!

Now hear this...The Mayan Calendar predicted 'this shift in power" from North America to the East from 1988 to 2012, but with the real speed and thrust of the shift taking place from 2008 to 2012....how 'bout that...