The Great American Bubble Machine

[FluffyMcDeath]

This is a rather long article but nonetheless a good read. The thesis is that "Goldman Sachs has engineered every major market manipulation since the Great Depression".

 

[redrumloa]

Should be in politics, but thanks. I read the whole thing and it really lays it out there perfectly.

The dems here should read Bubble #6 closely to understand what is going on with "Global Warming", it is a scam just like all previous scams.

-Edit-
Let me also add that this is not tin-foil hat sort of stuff, but perfectly verifable information.

 

[FluffyMcDeath]

Should be in politics...

I debated with myself about where to put it, but ultimately EVERYTHING would end up in "politics" because ultimately just about anything is political

 

[Robert]

read Bubble #6 closely to understand what is going on with "Global Warming", it is a scam just like all previous scams.

Just because money-grabbing bastards like Goldman Sachs are cashing in on climate change doesn't mean that climate change is not happening.

 

[redrumloa]

read Bubble #6 closely to understand what is going on with "Global Warming", it is a scam just like all previous scams.

Just because money-grabbing bastards like Goldman Sachs are cashing in on climate change doesn't mean that climate change is not happening.

If you read the whole story, it at least should give you pause.

 

[Robert]

If you read the whole story, it at least should give you pause.

How so?
I saw nothing in "Bubble No.6" that either surprises me or leads me doubt the overwhelming evidence that not only is the climate changing but also that carbon dioxide is a contributory factor.
Did I overlook a bit?

-EDIT-
Where's the hash key on a Macbook?

 

[ilwrath]

How so?
I saw nothing in "Bubble No.6" that either surprises me or leads me doubt the overwhelming evidence that not only is the climate changing but also that carbon dioxide is a contributory factor.
Did I overlook a bit?

Well, this wasn't in the referenced story on bubbles...

But doesn't it make you just a bit uneasy that the same James Hanson who modifies and publishes NASA's climate data for the Goddard Institute for Space Studies (GISS) was arrested at an anti-coal protest? Is this really an honest presentation of unbiased data that we get?

The honest truth is, we just don't know... But that won't stop people from trying to cash in on the buzzwords.

 

[redrumloa]

If you read the whole story, it at least should give you pause.

How so?
I saw nothing in "Bubble No.6" that either surprises me or leads me doubt the overwhelming evidence that not only is the climate changing but also that carbon dioxide is a contributory factor.
Did I overlook a bit?

Actually I meant the whole, long article and not just #6. The whole article digested before reading #6 again may help. There is a history of one major fraud after another, each bigger than the last. What is bigger than the "The whole planet is going to die unless globally we pump money into a giant black hole owned by Goldman Sachs and Al Gore"?

 

[redrumloa]

Gold Anti-Trust Action Committee Urges SEC, CFTC to Probe Goldman Trading
http://seekingalpha.com/article/147520- ... an-trading

GATA today urged the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission to investigate the Goldman Sachs Group Inc. (GS) computer trading program that, according to a federal prosecutor, the bank acknowledges can be used to manipulate markets.

GATA's complaint referred to the Bloomberg News story dispatched to you yesterday --

http://www.bloomberg.com/apps/news?pid= ... 6d.tyNe1KQ)

-- reporting the arraignment in U.S. District Court in New York of a former Goldman Sachs employee accused of stealing the program. The prosecutor, Assistant U.S. Attorney Joseph Facciponti, was quoted as telling the court: "The bank has raised the possibility that there is a danger that somebody who knew how to use this program could use it to manipulate markets in unfair ways."

In letters to the SEC and CFTC, GATA wrote: "The assistant U.S. attorney's comment can be construed to suggest Goldman Sachs considers its own manipulation of markets to be fair, while such manipulation by others would be unfair. The court proceeding described in the Bloomberg News story would seem to impugn all markets in which Goldman Sachs trades."

GATA asked each commission "to investigate Goldman Sachs' trading program urgently and report its findings publicly."

 

[Robert]

But doesn't it make you just a bit uneasy that the same James Hanson who modifies and publishes NASA's climate data for the Goddard Institute for Space Studies (GISS) was arrested at an anti-coal protest?

Not really. If it were the only source of data, perhaps but it is not.

But that won't stop people from trying to cash in on the buzzwords.

Here we are in agreement. There is always a vulture hovering, ready to screw money out of people.

Still doesn't change the fact that the climate is changing and evidence points towards CO2 contributing.

 

[FluffyMcDeath]

@red

Let's not conflate too much. Just because Goldman Sachs pumped the real estate bubble does not mean that houses don't exist.

 

[redrumloa]

@red

Let's not conflate too much. Just because Goldman Sachs pumped the real estate bubble does not mean that houses don't exist.

The climate exists too, I miss your point? ;-)

 

[FluffyMcDeath]

@red

Let's not conflate too much. Just because Goldman Sachs pumped the real estate bubble does not mean that houses don't exist.

The climate exists too, I miss your point? ;-)

I see. ;-)

 

[FluffyMcDeath]

Gold Anti-Trust Action Committee Urges SEC, CFTC to Probe Goldman Trading
http://seekingalpha.com/article/147520- ... an-trading

I heard about the "stolen" code thing the other day and had the same thought - if Goldman is worried that their code could be used to manipulate the market ... what was Goldman doing with it? Goldman Sachs is like the guy who goes to the cops when his crack stash is stolen.

But what exactly was the brilliant algorithm that allowed them to squeak into the lead on moves in sub second trading? Maybe the breakthrough was plain old "cheating" - Goldman may have been snooping on trades before they "happen".

 

[JoBBo]

This is a rather long article but nonetheless a good read. The thesis is that "Goldman Sachs has engineered every major market manipulation since the Great Depression".

Thanks. Taibbi's articles are usually very good. This one is no exception.