View Poll Results: Is our "bailout" money being used against us?

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  • YES

    4 80.00%
  • NO

    1 20.00%
  • It is normal predatory banking

    2 40.00%
  • We are being systematically robbed by big Banks

    4 80.00%
  • Protection by banks against currency failure

    1 20.00%
  • Good business is bad for people

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Thread: Predator Banks Enter Brave New World of Epic Scams and Public Hasn't Got a Clue

  1. #1
    Iconoclast
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    Predator Banks Enter Brave New World of Epic Scams and Public Hasn't Got a Clue

    Predator Banks Enter Brave New World of Epic Scams and Public Hasn't Got a Clue

    Predator Banks Enter Brave New World of Epic Scams and Public Hasn't Got a Clue

    "Wall Street watchers have been concerned for some time about the monopolizing trend among big banks. One of the most alarming developments in recent years is a buying spree in which megabanks have been gobbling up physical assets."

    "“Today, banks like Morgan Stanley, JPMorgan Chase and Goldman Sachs own oil tankers, run airports and control huge quantities of coal, natural gas, heating oil, electric power and precious metals. They likewise can now be found exerting direct control over the supply of a whole galaxy of raw materials crucial to world industry and to society in general, including everything from food products to metals like zinc, copper, tin, nickel and, most infamously thanks to a recent high-profile scandal, aluminum.”"

    "Recently, something rotten occurred in Denmark, as Goldman Sachs launched its bid to buy a 19 percent stake in the national electricity provider, a deal that would give it control of key management decisions. The streets erupted in protest as Danes (some carrying images of vampire squids) raged at the idea that government ministers could have invited an American investment bank to exert so much control over the state energy grid. The deal actually set off a crisis in the Danish government.In California, citizens found out recently that big banks have been rigging prices in the physical business interests they own. JPMorgan Chase and Barclays are accused of manipulating the delivery of electricity in California and elsewhere. Last year, JPMorgan paid $410 million to settle allegations of power market manipulation in California to the Federal Energy Regulatory Commission. Goldman Sachs, for its part, has come under scrutiny for allegedly delaying the delivery of metals from warehouses it owned so that it could manipulate prices (it has since offered to speed delivery)."

    A few thoughts:

    Should this be legal?

    Did you know about this?

    Do you trust the banks?

    Is this a protection against a possible crash of a Reserve "fiat" currency?

    Are we being gamed?

    How does this work on an International scale (think Ukraine, Venezuela, etc.)?

    This gets the banks "hard assets" as opposed to assets of faith/confidence?


  2. #2
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    Re: Predator Banks Enter Brave New World of Epic Scams and Public Hasn't Got a Clue

    It's the next logical step for a capitalist bank. They have the capital, they want more, they invest. They are simply investing wisely...in resources people quite literally can't live without.


    Remember, capitalism is a game of monopoly. And the banks are winning.
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

  3. #3
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    Re: Predator Banks Enter Brave New World of Epic Scams and Public Hasn't Got a Clue

    Quote Originally Posted by KevinKohler View Post
    It's the next logical step for a capitalist bank. They have the capital, they want more, they invest. They are simply investing wisely...in resources people quite literally can't live without.


    Remember, capitalism is a game of monopoly. And the banks are winning.
    Not Capitalist bank but Corporatist bank. This is Corporatism not Capitalism.

  4. #4
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    Re: Predator Banks Enter Brave New World of Epic Scams and Public Hasn't Got a Clue

    Quote Originally Posted by KevinKohler View Post
    It's the next logical step for a capitalist bank. They have the capital, they want more, they invest. They are simply investing wisely...in resources people quite literally can't live without.


    Remember, capitalism is a game of monopoly. And the banks are winning.
    Let's take a good look. First, the banks are supposed to lend money to businesses and groups/individuals that want to start businesses. Now if you are a bank and you own tankers, you will not help those that compete against you. If you are a bank and own an Energy Utility, you won't lend to a startup to compete against you. If you are a bank and own a wholesale food chain, you will not lend to a food chain that could undersell you. These are all real world examples of monopolistic practices and that is what we are actually discussing. Corporatism, in the name of "Fictitious Entities" and those two words are the legal reality of Corporations. Wall Street represents the Banking Industry, so it appears the problem is endemic and constitutes an Oligarchy and not a Democracy. Feel sumpin' slippin'?

  5. #5
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    Re: Predator Banks Enter Brave New World of Epic Scams and Public Hasn't Got a Clue

    It's a free market and Goldman Sachs should do what is best for its shareholders. Period. If that is the best use of shareholder capital then why not try to take over the world and run it for as much profit as possible? As an investor in GS (it's a very safe investment with a great ROI), I look forward to the capital gains.

    It makes no sense to get worked up about banks. If we trust them with the power to create and manage our money supply, we can trust them in everything they do. So, forget about the banks and return to the more important things in life, like beer, sports and Internet porn.

  6. #6
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    Re: Predator Banks Enter Brave New World of Epic Scams and Public Hasn't Got a Clue

    Quote Originally Posted by point1percent View Post
    It's a free market and Goldman Sachs should do what is best for its shareholders. Period. If that is the best use of shareholder capital then why not try to take over the world and run it for as much profit as possible? As an investor in GS (it's a very safe investment with a great ROI), I look forward to the capital gains.

    It makes no sense to get worked up about banks. If we trust them with the power to create and manage our money supply, we can trust them in everything they do. So, forget about the banks and return to the more important things in life, like beer, sports and Internet porn.
    I equate your position with asking Jack the Ripper to manage a convent. Goldman Sachs also has inside information because so many US Treasury and Federal Reserve employees from top level positions have a revolving door relationship with Goldman Sachs. I think they should be prosecuted. Not allowed to invest in Futures, commodities, stocks, unless they can document no possibility of collusion, like controlling price movements. If they represent the PPT, or the ESF, they should be barred from any and all transactions except the lending of money.

  7. #7
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    Re: Predator Banks Enter Brave New World of Epic Scams and Public Hasn't Got a Clue

    Quote Originally Posted by point1percent View Post
    It's a free market and Goldman Sachs should do what is best for its shareholders. Period. If that is the best use of shareholder capital then why not try to take over the world and run it for as much profit as possible? As an investor in GS (it's a very safe investment with a great ROI), I look forward to the capital gains.

    It makes no sense to get worked up about banks. If we trust them with the power to create and manage our money supply, we can trust them in everything they do. So, forget about the banks and return to the more important things in life, like beer, sports and Internet porn.
    I do understand your position precisely. Sound investment strategy. I'm not arguing against that. The purchases of businesses outside banking create a conflict of interest by Goldman Sachs. You invest and probably consider yourself a job creator. In another world that might be true. The bankers have become paper shufflers and profit is made by moving paper. When you own businesses, you do not finance competition ergo you will not be creating jobs, but eliminating them. Perhaps the Treasury informs GS that it wants to short a million of gold and of course GS can get rid of its shares first to protect its investment and then when the Treasury is done shorting Gold, GS is the first to know to catch the rising of prices. Does this sound legal or good for anybody's business except GS. Banks should only be allowed to manage money for lending, not competing in the marketplace. Worse, it's being done with "bailout" monies.

  8. #8
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    Re: Predator Banks Enter Brave New World of Epic Scams and Public Hasn't Got a Clue

    What you are realizing is that a plutocracy is in charge of the show, and actually has been for quite a while. As long as the plutocracy controls money, there is not much you or any government can do.

  9. #9
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    Re: Predator Banks Enter Brave New World of Epic Scams and Public Hasn't Got a Clue

    Quote Originally Posted by point1percent View Post
    What you are realizing is that a plutocracy is in charge of the show, and actually has been for quite a while. As long as the plutocracy controls money, there is not much you or any government can do.
    That's the point. Most people don't know that. A thread like this one educates them to the fact and substantiates the information. I understand the plutocracy but when you talk about it you hear "Conspiracy Theory" from the ignoranuses and canned bullcrap from those attempting to obfuscate the issue. Ergo, progress is just getting people to read.

  10. #10
    global liberation

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    Re: Predator Banks Enter Brave New World of Epic Scams and Public Hasn't Got a Clue

    It's the Jooos!

    Let me guess... we should go break bank windows?

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