Monday, July 22, 2013

Goldman Sachs Took $5 Billion From Consumers By Moving Metal Around

"Regulators are busy trying to catch up to the manipulation of commodities that banks like Goldman Sachs is making a fortune off of, but the banks always seem one step ahead. Now Goldman Sachs, JP Morgan, and BlackRock have bought over 80% of the world's copper on behalf of their investors and will begin moving it to warehouses much like Goldman did with aluminum. Companies are now fearful that the prices of copper will soar, and consumers will carry even more of the burden."

So much for supply and demand. "If only government would get out of the way so the markets can work their magic" right? EVERY commodity market is being manipulated by these people. ENRON was just the tip of the iceberg.

No comments: