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Goldman, JP Morgan Have Now Become A Commodity Cartel As They Slowly Recreate De Beers' Diamond Monopoly

Tyler Durden's picture




 
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Fri, 06/17/2011 - 00:06 | 1376672 Yen Cross
Yen Cross's picture

 Z/H you are getting hacked big time. My IT and ISP people are sending me red alerts!

Fri, 06/17/2011 - 00:19 | 1376689 whatsinaname
whatsinaname's picture

Speaking of getting hacked, Vancouver took a big hacking from its own hockey fans (changed my perspective of Canadian folks) OR is it pent up frustrations of the sheeple coming to the fore ?

http://news.nationalpost.com/2011/06/16/photos-riots-fire-destruction-after-vancouvers-loss/

Fri, 06/17/2011 - 01:25 | 1376756 greased up deaf guy
greased up deaf guy's picture

same thing happened in vancouver in '94 when the rangers beat the can(adian schm)ucks in the finals. only difference here is we riot when we win (re the lakers).

Fri, 06/17/2011 - 01:39 | 1376772 Ahmeexnal
Ahmeexnal's picture

And on the topic of Canada and the collapse of civilization....Canada Post has ceased operations:

 

The accelerating decline in mail volumes and revenue combined with the inability to deliver mail on a timely and safe basis has left Canada Post with no choice but to make this decision.

 

http://clients.infopost.ca/en/2011/06/canada-post-forced-to-shut-down-ur...

 

First it's the postal service, then other delivery services. When food is no longer delivered to your local Walmart, will you start to panic then?

Fri, 06/17/2011 - 05:13 | 1376891 Michael
Michael's picture

Here's the problem.

High Heels & Hand Bags.

How's that supposed to impress that man your trying to pick up with the high heels and hand bag made by a man who lives on another continuant?

Does she have a thing for those men living on other continents?

Why have we not heard from womens groups on how they feel about how the economy is being managed? 

Why don't they want the men living on the same continent with them making High Heels and Hand Bags, made by the men they are trying to attract with those things?

It would give them something to do here and there making high heels and hand bags, thus getting the men out of their hair for a while.

Can someone help me out with this? I'm confused.

 

Fri, 06/17/2011 - 07:28 | 1376982 Monedas
Monedas's picture

Help ? 1. You need to track down one of those bitches with imported accessories and get yourself a piece of that special something that lies behind the handbad and above the high heels ! 2. Push away from that crack pipe ! "Just say no !"....N. Reagan. Monedas 2011  

Fri, 06/17/2011 - 08:53 | 1377178 ZeroPower
ZeroPower's picture

I lost you.

Fri, 06/17/2011 - 04:03 | 1376863 New World Chaos
New World Chaos's picture

So that were the LAN outage and the page virus scan screen came from.  Tighten your tinfoil hats, folks.  Hide your bitcoins and don't click any buttons except Ctl-Alt-Del.

Fri, 06/17/2011 - 00:08 | 1376675 macholatte
macholatte's picture

 

I think it's wrong that only one company makes the game Monopoly.
Steven Wright

Fri, 06/17/2011 - 00:17 | 1376680 flacon
flacon's picture

Did you see they now have "Electronic Monopoly" using "bank-cards"? Who the hell are they kidding?!
http://www.productwiki.com/upload/images/monopoly_electronic_banking_edi...

 

"Play now with millions on your card!" -> yeah... it used to be that $1 was worth something and a $100 was worth a lot. Now they need "millions" to convince people that paper (oops, sorry, 'electronic') is worth anything. Even Monopoly has succumbed to inflation!

 

"Cards, not cash!" -> LOL!!!! They are SCREAMING at us: MORE DEBT IS GOOD!!!!

 

Fri, 06/17/2011 - 00:05 | 1376678 flacon
flacon's picture

The only way is for you, me and our friends to DRAIN THE WAREHOUSES. Keep on stacking! SLV only has 300 million ounces. If I buy a thousand ounces, it will only take three stadium's full of people like myself in order to drain it. 

 

But.... on second thoughts, SLV isn't even audited... so.... in the land of the blind the one-eyed is king... 

 

Fri, 06/17/2011 - 00:07 | 1376679 lizzy36
lizzy36's picture

Who needs prop desks?

The payout on the storage facilities is around 9 months.

Plus they are owners of physical products (metals, crude and nattie).

In a world where physical matters, prop is so 2005.

Fri, 06/17/2011 - 00:23 | 1376701 RockyRacoon
RockyRacoon's picture

Add some mining, refining, truck/rail facilities, and some wholesalers and you got a business!   Are we sure they don't own any of those things as well?

Fri, 06/17/2011 - 01:10 | 1376738 suckapump
suckapump's picture

What really chaps my ass is that these fools shouldn't own anything. Their assets should have been sold at auction sometime in 2009.

Maybe we (the people) should "condemn" the warehouses and confiscate the contents. It seems only fair.

Fri, 06/17/2011 - 01:44 | 1376777 Yen Cross
Yen Cross's picture

 Don't make me pump ya up "SUCKA".

Fri, 06/17/2011 - 06:28 | 1376915 Sudden Debt
Sudden Debt's picture

I wouldn't be surprised. A few TRILLION dollars in TAXMONEY still buys a lot of things these days.

And as a thank you note for the taxmoney, they BRING YOU INFLATION TO TAKE THE REST OF YOUR MONEY!!

 

ALL HEIL OBAMA!!! ALL HEIL TO THE NEW FUHRER!!

 

I don't hear any heels clicking gentlemen! I SAID ALL HEIL TO THE NEW FUHRER!!

 

Fri, 06/17/2011 - 06:56 | 1376939 Tim White
Tim White's picture

Still? Whoa!

Fri, 06/17/2011 - 00:08 | 1376682 adeptus
adeptus's picture

Just what you suggesting Tyler, that they break their 400 day "no losses" trading streak?

Fri, 06/17/2011 - 00:10 | 1376683 AgShaman
AgShaman's picture

When JPM took over the Henry Bath properties via their RBS Siempra purchase...was around the same time that Blythe issued the "Don't Worry....It's No Big Deal/Not Panic Time" statements....as well as showing some employees the door and claiming they left under their own volition. Truly a strange time for the precious metals....soon after is when the small speculators concocted their scheme to extort a premium from the Bullion Banks vs. taking actual delivery of the metals on their Comex trades. Didn't seem to last that long....the ETF paper back-up threw up a "cock block"

Fri, 06/17/2011 - 00:13 | 1376686 sterman7
sterman7's picture

Could the CME CTFC FED and bullion banks be a bigger bunch of shysters?  The sad reality is most folks have no idea that they should be outraged by this kind of stuff.

Fri, 06/17/2011 - 03:01 | 1376831 Conax
Conax's picture

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."
- - -Henry Ford

Revolution? How about just taking delivery, stick it to them good.

That can't be too much to ask.

Fri, 06/17/2011 - 00:23 | 1376694 TheGoodDoctor
TheGoodDoctor's picture

I wonder if people in Detroit read the WSJ?

Fri, 06/17/2011 - 00:23 | 1376695 slewie the pi-rat
slewie the pi-rat's picture

in case of fire, break glass

in case of hostilities, call a LME bankster for metal, ok? 

Fri, 06/17/2011 - 01:26 | 1376750 Yen Cross
Yen Cross's picture

 A man of reason! Someone hit my synaptics.   Truth.

 

   +1

Fri, 06/17/2011 - 00:25 | 1376698 PulauHantu29
PulauHantu29's picture

"Why Steal less, when you can Steal more?"

Wall Street's Mantra

Fri, 06/17/2011 - 00:25 | 1376705 gwar5
gwar5's picture

Next it will be food staples and antibiotics.

I can see where this is going. With enough essentials stuff they can use them as collateral for letters of credit in a cruel, cruel world.

Fri, 06/17/2011 - 00:32 | 1376708 TruthInSunshine
TruthInSunshine's picture

Don't forget about drinking water!

Fri, 06/17/2011 - 00:31 | 1376707 TruthInSunshine
TruthInSunshine's picture

So legalities (illegalities) aside, who is going to try and stop this clearly anti-competitive practice and clear collusion, which massively inflates end user and consumer prices?

Anyone?

It's a big tell that Coca-Cola is brushed off as a piss ant when it tries to stand up to Goldman & JP Morgan, no?

It should tell anyone in modern day Amerika who owns and runs the joint, no?

Fri, 06/17/2011 - 01:04 | 1376736 Raymond Reason
Raymond Reason's picture

The Fed has got to go.  Then the banks will fail and this kind of BS will not be possible. 

Fri, 06/17/2011 - 01:05 | 1376737 Canaduh
Canaduh's picture

Pepsi?

Fri, 06/17/2011 - 01:22 | 1376759 Yen Cross
Yen Cross's picture

 That was good!

Fri, 06/17/2011 - 10:28 | 1377457 Thisson
Thisson's picture

If there was any truth to this matter a legal complaint would already have been filed, since antitrust cases yield triple damages when successful.

Coca-Cola certainly has the resources to bring such a case.

Fri, 06/17/2011 - 01:02 | 1376732 Troy Ounce
Troy Ounce's picture

 

This feels like a nightmare.

 

Pinch myself. Can't be true. We can't go on like this.

Fri, 06/17/2011 - 01:13 | 1376741 TruthInSunshine
TruthInSunshine's picture

http://www.metroftz.com/

 

Metro International Trade Services LLC Metro International Trade Services LLC           Headquarters:              6850 Middlebelt Rd.,              Romulus, MI 48174 USA              t: +1 734 721 3334      

   f: +1 734 721 3963

 

Metro is a leading global warehouse operator, specializing in the storage of non-ferrous metals for the London Metal Exchange.

Products stored:
Aluminum, Aluminum Alloy, Copper, Lead, Nickel, Plastic, Steel, Tin, Zinc, Plastic Resin & Steel Billet.

    
Fri, 06/17/2011 - 01:08 | 1376742 Yen Cross
Yen Cross's picture

 Blood Diamonds?

Fri, 06/17/2011 - 01:12 | 1376743 Coldfire
Coldfire's picture

Obviously, if you run money and credit, you can buy anything, including the so-called regulators, judges and politicians, ie., the Potemkin village idiots.

Fri, 06/17/2011 - 02:58 | 1376833 traderjoe
traderjoe's picture

Print money for free, loan it out at interest - collateralized by productive assets. Create cycles of inflation and deflation. Bingo - you own everything.

Fri, 06/17/2011 - 07:21 | 1376961 ToNYC
ToNYC's picture

 

In Bingo, you don't get to call out your own numbers. Banko is way better, until the people lose the illusion that they are owners rather than dispossessed rentiers who have not the capacity to buy any part of the everything they don't already have.

Fri, 06/17/2011 - 13:20 | 1378055 wisefool
wisefool's picture

You forgot the Tax Code. The thing that makes sure the mob thinks the game is a good idea. Or atleast keeps them so confused or scared that they conform.

Hello Sheep! You deserve to be in a $600k house. We are going to give you a mortgage interest deduction, and force the banks to lower lending standards through the community re-investment act, or we'll cream them on thier taxes.

Already have a house? Builder Buy another one! Farmland is for dumb farmers. Open spaces are for hippes who like to ride bikes and such.  2000 sq ft houses are for old people who can't clean to much bigger of a house. Apartments are for kids. Grow up!

Fri, 06/17/2011 - 01:14 | 1376746 Yen Cross
Yen Cross's picture

 Nice try, comma   payback is MUCH WORSE!

Fri, 06/17/2011 - 01:18 | 1376751 TruthInSunshine
TruthInSunshine's picture

I'm fairly certain they have 19 warehouses in Detroit since there was a ton of very inexpensive and perfectly good (and massive) warehouse units to be had there, given the shrinkage of the automotive sector.

It also may have something to do with the relationship between the Sherman-Antitrust Act and federal preemption of state laws that may conflict with it (Michigan law on such matters would have to parsed - see Rice v. Norman Williams Co., 458 U.S. 654 [1982]).

 

RICE V. NORMAN WILLIAMS CO., 458 U. S. 654 :: Volume 458 :: 1982
Fri, 06/17/2011 - 01:47 | 1376775 TruthInSunshine
TruthInSunshine's picture

Not on all fours legally speaking, but this is a case that touches on Sherman AT Act vs. Clayton Act (does not involve warehousing scheme to limit supply, as this situation ostensibly does):

Southwire Co. v. J.P. Morgan Chase & Co.

 

Fri, 06/17/2011 - 01:21 | 1376757 Yen Cross
Yen Cross's picture

 Tools welcome.  Blow out my (ISP) any time (dot)

Fri, 06/17/2011 - 01:27 | 1376762 baby_BLYTHE
baby_BLYTHE's picture

Buy Gold and hold.

Don't bother with equities.

The dollar is the Titanic headed for collision course

Fri, 06/17/2011 - 01:32 | 1376769 Yen Cross
Yen Cross's picture

 Double hulled tankers!

Fri, 06/17/2011 - 01:40 | 1376773 baby_BLYTHE
baby_BLYTHE's picture

80% of my meager wealth is stored in PMs.

Gold & Silver is written in the Constitution. Good enough for me.

Fri, 06/17/2011 - 01:46 | 1376782 Yen Cross
Yen Cross's picture

U r (sorta getting) IT.

Fri, 06/17/2011 - 01:29 | 1376766 Laddie
Laddie's picture

Ben Bernanke, Andrew Fastow, Maurice Greenberg, Alan Greenspan, Michael Milken, Marc Rich, Myron Scholes, George Soros, the list goes on and on...

Now the Banksters, well they got several TRILLION Taxpayer $$ and they've done well, speculating in Tel Aviv real estate for instance, now this little scheme that Tyler is sharing with the readers of ZH.

The governments of the world aren't reigning in these Rothschild bankers. Just the opposite is happening. We are watching the outright takeover of all world governments by the Zionist bankers and the consolidation of their power.

Fri, 06/17/2011 - 01:37 | 1376771 Yen Cross
Yen Cross's picture

 The Milken  " Wants ta Tute"  Am I pissed off?

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