How the Commodities Market is Manipulated: A look at how Goldman Sachs and other big banks manipulate the commodities market, with a focus on aluminum.
Commodities and Resource Equedia Letter Exclusive Content Gold Metals and Mining Silver Untold TruthsJuly 27, 2013How the Commodities Market is Manipulated How the Commodities Market is Manipulated: A look at how Goldman Sachs and other big banks manipulate the commodities market, with a focus on aluminum. 10 comments11 minute read Total 0 Shares 0 0 0 Leave a Comment How the Commodities Market is Manipulated: HOW GOLDMAN SACHS AND OTHER BIG BANKS MANIPULATE THE COMMODITIES MARKET You can get a migraine headache watching CNBC blowhard Jim Cramer for only a few minutes. Not only does the purported stock market expert speak out of both sides of his mouth during the same show, he does so at such a high volume the shingles begin to shake on the side of my home. Once you get past the annoying Cramer shtick, which takes about five years, you are confronted with the reality that this guy works for the big investment houses. Just look at how Cramer tries to explain the 2007-08 financial meltdown. At least once a week, Cramer tries to play teacher in the “What did we learn from the 2007 financial crisis” class. He mentions the housing bubble, phony derivatives, rampant speculation, and unbridled greed, all of which contributed in some way to the financial implosion. However, Mr. Red Face never discusses the most important reason for the meltdown. Cramer never mentions Goldman Sachs and the other big banks that manipulated the commodities and equities market. You never hear Cramer and the other televison financial evangelists discuss the influence that Goldman Sachs had on molding the big banks bailout. Along with Mr. Quantitative Easing, Ben Bernake, Goldman Sachs alumni Hank Paulson and Timothy Geithner orchestrated the biggest financial swindle in United States history. By bailing out banks using the “too big to fail’ mantra, Paulson and Geithner led the effort to steal at least $15 trillion from American taxpayers and who knows how much more the bandits took from Treasury coffers. This article does not go into the cause of the 2007-08 meltdown, but it discusses, with the introduction of ample evidence, how Goldman Sachs and other big Wall Street Banks manipulate the commodities market. The large banks do not play by the same rules that the political class imposes on people like you and me. As this article proves, the big banks play by the rules created for the few that only benefit the few. An Overview of Goldman Sachs We can provide you with the typical Goldman Sachs overview. We can start by writing that Goldman Sachs is an American multinational blah blah blah blah blah. Forget the conventional description of Goldman Sachs. Let us review the sordid list of Goldman Sachs alumni and their influence on our culture. Bradley Abelow-Former Chief of Staff and Treasurer of New Jersey under swindler Jon Corzine, and President of MF Global, Inc. Josh Bolton-Former White House Chief of Staff Erin Burnett-CNN Host (I thought “journalists” are unbiased) Mark Carney-Governor of the Bank of Canada Jon Corzine- Former CEO of MF Global, Inc., former Democratic Governor (2006–2010) and U.S. Senator (2001–2006), New Jersey Jim Cramer-Yea, that Jim Cramer Gary Gensler- Chairman of the U.S. Commodity Futures Trading Commission (2009- ) Robert Rubin- Former United States Treasury Secretary, ex-Chairman of Citigroup Robert Steel – Former Chairman and President, Wachovia John Thain – Former Chairman and CEO, Merrill Lynch, and former Chairman of the NYSE Robert Zoellick – United States Trade Representative (2001–2005), Deputy Secretary of State (2005–2006), World Bank President (2007-2012) We can go on and on, but it is suffice to say that Goldman Sachs has some sway in the formation of United State government financial policies and regulations. The Goldman Sachs Market Manipulation Playbook Goldman Sachs and other large Wall Street banks must include commodities market manipulation in company employee training programs. Today’s lesson, class, is how Goldman Sachs and other banking behemoths write the laws that the political class is supposed to enforce. In essence, the big banks write the playbook on how to cheat consumers. Americans may think they have learned how the world’s largest financial institutions make money, but most Americans operate on the faulty premise that the new disclosure laws passed after the 2007 fiasco have made big banks more transparent. Well, how do you explain the network of 27 Detroit warehouses owned by Goldman Sachs that store tons of aluminum for 18 months or more? Instead of getting the aluminum to market for manufacturing purposes, Goldman Sachs houses the gold to collect rent and drive the price up by limiting supply. Who incurs the increased commodities cost? You guessed it, consumers who pay more for aluminum products that include soda and beer cans, as well car parts and accessories. The scam is akin to a grocery store hoarding all of the imported lemons, which forces local lemonade stands to char...