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Thread: Special report: Goldman's new money machine: warehouses

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    Special report: Goldman's new money machine: warehouses

    Special report: Goldman's new money machine: warehouses - Yahoo! News

    A string of warehouses in Detroit, most of them operated by Goldman, has stockpiled more than a million tonnes of the industrial metal aluminum, about a quarter of global reported inventories.
    So much for the free market....... this is market manipulation on a grand scale. Bet it is fully legal too, and yet the consumer pays the price.
    PeteEU

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    Re: Special report: Goldman's new money machine: warehouses

    Why no outcry for forcing G.S. to take back their bad loans? People complain and complain about G.S. and when asked why we are not demanding the administration force these loans back onto G.S. the reply is silence.

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    Re: Special report: Goldman's new money machine: warehouses

    More silence.

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    Re: Special report: Goldman's new money machine: warehouses

    Quote Originally Posted by 1Perry View Post
    Why no outcry for forcing G.S. to take back their bad loans? People complain and complain about G.S. and when asked why we are not demanding the administration force these loans back onto G.S. the reply is silence.
    I agree

    In fact... nationalise G.S. and liquidize the assets. G.S. are a threat to free markets and the world economy. When one company can manipulate the market the way G.S. does, then you have a serious problem with the system.
    PeteEU

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    Re: Special report: Goldman's new money machine: warehouses

    Quote Originally Posted by PeteEU View Post
    I agree

    In fact... nationalise G.S. and liquidize the assets. G.S. are a threat to free markets and the world economy. When one company can manipulate the market the way G.S. does, then you have a serious problem with the system.
    Yeah, Chavez doesn't manipulate markets.

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    Re: Special report: Goldman's new money machine: warehouses

    Bookmarked thread for next time I hear bitching about the free market.
    Quote Originally Posted by Bucky View Post
    The economy will improve under this bill. If a few people die, it will be for the betterament of this country.

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    Re: Special report: Goldman's new money machine: warehouses

    Quote Originally Posted by PeteEU View Post
    Special report: Goldman's new money machine: warehouses - Yahoo! News



    So much for the free market....... this is market manipulation on a grand scale. Bet it is fully legal too, and yet the consumer pays the price.
    gotta say
    goldman sachs certainly knows how to play in the gray and make a ton of money doing it
    they consistently seem to be able to locate the vulnerabilities in the system to exploit them financially
    not sure that is a bad thing
    would this potential for profitability not encourage more players to become involved in this commodities market?
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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    Re: Special report: Goldman's new money machine: warehouses

    Quote Originally Posted by 1Perry View Post
    Yeah, Chavez doesn't manipulate markets.
    Dont see how he can.. well international markets. Goldman Sachs can as we see from this investigation. Sitting on 25% of the worlds aluminium is manipulating the markets, no matter how you slice and dice it.
    PeteEU

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    Re: Special report: Goldman's new money machine: warehouses

    Quote Originally Posted by justabubba View Post
    gotta say
    goldman sachs certainly knows how to play in the gray and make a ton of money doing it
    they consistently seem to be able to locate the vulnerabilities in the system to exploit them financially
    not sure that is a bad thing
    would this potential for profitability not encourage more players to become involved in this commodities market?
    It is a bad thing. It ****s with the principle of the free market, and drives prices up for everyone.

    Only one that is good for is Goldman Sachs. This is why I am against speculation. And I am not naive to expect they are the only ones doing this... bet there are many other financial institutions that are doing exactly the same thing in different markets.

    And in many ways, the issue here is not only they are stockpiling a commodity, it is that they are sitting on 25% of the world market and hence directly influencing the price of said commodity. This is a cash cow of epic proportions. It is worse the OPEC, since here we are talking about one company/group instead of X amount of countries that dont actually like each other. The amount of power Goldman Sachs has over the market is .... huge.
    PeteEU

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    Re: Special report: Goldman's new money machine: warehouses

    As I've been pointing out over and over. The solution is to demand that the government enforce it's rules.

    If they did G.S. would take a major financial hit and wouldn't have all this money to stockpile anything. Stop devalueing the dollar. The only people who benefit from that is entities like G.S. as the bottom dropping out of the dollar drives up commodity prices.

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