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Libya's Bankers Exposed: Goldman, JP Morgan And Citi
Ten days ago, when we first looked at the Libyan investment authority (its sovereign wealth fund), we asked "Which US Banks Are Managing Billions For The $32 Billion Libyan Sovereign Wealth Fund?" Based on Wikileaks data, it was disclosed that various US banks manage billions for the country which has just seen $30 billion of its assets largely frozen (although this is merely half of its total deposits). Obviously, we had "some" banks in mind, most of the variety whose directors believe they are above the law and can share inside information with criminal intent with utter disdain for the law. Now, courtesy of Marcus Baram of the Huffington Post we find that the usual suspects are, naturally, all here: among the key banks that serve as advisors and asset managers are Goldman Sachs (and not just anyone, but Jim "Revolutions are Bullish" O'Neill's GSAM, Citi and JP Morgan. The only question now is how long before we get some sort of public statement out of the likes of Lloyd Blankfein and Jamie Dimon: on the 22nd we said: "perhaps it is time for the US banks who manage billions in capital for the LIA, to step up." Now that they have been exposed by a third party, the CEOs should really take the hint before this escalates into a full blown PR disaster.
The secretive Libyan Investment Authority has reportedly invested hundreds of millions of dollars in Goldman Sachs Asset Management funds, including a loan fund designed to invest in new hedge funds set up by the Kuwait Investment Authority. Goldman Sachs already has a relationship with Libya -- in 2008, Goldman was the first U.S. bank to get a contract with the country following the removal of sanctions, when it was hired by Libya's central bank to provide information on its behalf to credit rating agencies. A spokesperson for Goldman Sachs did not return calls seeking comment.
The Libyan government, including LIA, has also banked with Citigroup, according to several sources familiar with the matter. A spokesperson for Citigroup declined to comment on the bank's interactions with the Treasury Department's Office of Foreign Assets Control, which is in charge of carrying out Obama's order regarding Libyan assets.
JPMorgan Chase reportedly handles much of the LIA's cash and some of the Libyan central bank's reserves. The summer after then-Secretary of State Condoleezza Rice visited Gaddafi in 2008, LIA gave "mandates to some of the international banks, including JPMorgan to manage their funds in the interbank money markets, according to Vanity Fair.
Banks are not the only entities: Washington DC darling private equity firm, and alleged CIA front organization, Carlyle is also among the collaborators:
Two years ago, the Carlyle Group's co-founder and managing director, David Rubenstein, and Blackstone chief executive Steven Schwarzman traveled to the Libyan capital of Tripoli to help celebrate the wedding of Mustafa Zarti, the deputy director of the LIA, in a massive tent set up on the outskirts of the city, reported the Financial Times. And when Gaddafi's son and longtime likely successor, Saif al-Islam, visited New York in November 2008, Schwarzman hosted a lunch for him at the Blackstone CEO's Park Avenue apartment. The younger Gaddafi was also honored on that trip by Carlyle's retired chairman, former defense secretary Frank Carlucci, who hosted a dinner for him in a private room at the City Club.
Yet while nobody really cares about Carlyle which for decades now has managed to remain behind the scenes, even though in many regards it is the Goldman Sachs of the Private Equity world, many do care about Goldman, especially following today's latest disclosure of supposed gross and criminal abdication of fiduciary duty by a person at the very top. The last thing Goldman needs is to be disarming a PR minefield in which various bloggers and the less than mainstream media (certainly excluding those that have Goldman Sachs Asset Management ad banners on their pages) try to pin the tail on the Blankfein donkey of PR blunder following PR blunder.
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GS, say it isn't so
JPM, it cannot be
Blackstone, I say NO, they are righteous bankers. To wit: "better that ten guilty persons escape than that one innocent suffer"
Carlyle, WTF; is this some sort of a smear campaign?
all the above, notwithstanding the huffpuke citation
frozen accounts can't be withdrawn. so the billions just sit there to the benefit of the banks. so don't you think it was the banks that ordered the freeze and their puppets just carried out the order.
How much money is the stock in the frozen Egyptian stock market worth?
I think they used to call it dead money.
Better yet, what happens when Egypt and Libya withdraw their money from western banks to spend in their own countries, pay for rebuilding and buy food for their food banks?
More like the ME has learned Western banks can't freeze or confiscate their wealth if they keep the Oil in the ground and raise the price..
Western greed has truly fucked us all.. The age of Oil is over.
Bankers and politicians sucking greed-dick while trying to rationalize being whores because of the "free market" all the while throwing other people's children to the dogs of war to take the bullets.
Do not forget about the biggest bailout of them all -
ZERO PROSECUTION!
Best line I read from another post:
Bankers are government sponsored terrorists.
That is a fact.
With Libya now being a "non-state", this is almost like declaring that it is open season for homesteading in Libya. There has never been a better time to grab an entire country than now. I am just wondering, there must be some similarity to the United States and pre-World War II Germany. Perhaps the US will be able to pull off what Germany failed to do... total worldwide domination.
And Citi remains bankrupt...
The whole country is bankrupt.
Money Junkiezz
Much cogenter than the current rationale that introduces this money as the Libyan dictator's holdings, therefore justifying the freeze and not as national assets which can be tapped into by the national government to meet its needs.
Unfortunatly you are spot on. This middle east crisis will get worse too!
I subscribe to the guy from australia http://www.forecastfortomorrow.com
They are very accurate with their past calls, and they say its gunna get bad over there. And shoot up crude to silly levels.
They have a big launch for an ebook they are releasing
next week called "THE U.S. SECRET HIDDEN TREASURE MAP!"
Looks VERY intresting. Their prelaunch page is over at :-
http://www.forecastfortomorrow.com/news/products
If this is to be fixed it will only be through passing on our lives of dissent to our children. The banks have been running all of this for centuries by controlling education, job placement and political leaders. In a long con that spans generations, you need new surnames to retain control.
Revolutionaries last one, maybe two generations at most.
Game, the fuck, over.
Buy silver and gold and watch as they take them back from you and yours.
The rise of Islamic banking in the East will diminish the power of the cartel significantly. I think this is what they fear the most.
OT
The last time I remember when steeling gas from peoples cars was back during the Arab oil embargo. Back then they were into siphoning. Cordless drills were not even in existence back then. This method is much more destructive and disturbing.
Thanks for the everything Bernank.
Gas thieves drilling holes into tanks of parked vehicles
"FORT MILL, SC (WBTV) - Police are looking for thieves who are stealing gasoline by drilling holes into gas tanks of parked vehicles.
The York County Sheriff's Office says there have been five incidents reported in the Baxter Village and Bailiwyck areas of Fort Mill.
The thefts are taking place at night. Some of the victims did not realize that someone had drilled into their gas tanks until the vehicle was at a repair shop.
The incidents have occurred on Camber Woods Drive, Jones Wade Court, Stafford Run Drive, Lower Assembly Drive, and Glenn Allen Way."
"Peter Dressel told police between 4 p.m. on Jan. 21 and 10 a.m. on Jan. 22, someone went underneath his gray 2006 Ford F-150 and drilled a hole in the tank. The estimated damage to his truck was about $1,400. The thief stole a half tank of gas valued between $42-$48."
http://www.wbtv.com/Global/story.asp?S=14163056
hi, nathan de grif: you are perceiving things well. and, you are in charge of "only" one person. as are the fuking banksterZ, too! each and everyone of them.
i still say i'll take lloyd, jamie, ben, and timmahG as the baddest banksterZ, bar none. banksterZ these days are fabulously archetypal. they are center stage and they are puttin on one heluva show! and, of course, they are fuking things up, totally, for the whole freaking world. our guys are americans. we are so gonna clean these other morons 0-U-T that the words "double-cross" will never mean the same, again. trust me. YouTube - JJ Cale & Leon Russell - I Got The Same Old Blues
peace, nath...de.ggriiff.
two4one inflation FIGHTr: YouTube - Leon Russell & Friends 1971 -Honky Tonk Woman
p.s. it has just dawned upon my addled brain that my gf, msZ, would probably have her lipstick much closer to my dipstick if we included blythe in the realm of the AmericanSuperheroBanksterZ. so be it, and she can take a copy of "streetcar named desire" so blanche du bois will be represented in the breach. blythe has a great ass. trust me.
I can hardly believe it!
If your not following the money changers political agenda, a few bank account key strokes and 24/7 news coverage can destroy any leader. The comedy behind this approach, social networking is utilising the same ploy against the propaganda architects.
The comedy behind that approach: social media is selectively choosing and building up propoganda architects.
+1 billion twits
The brazen use of social media for social engineering has been an absolute masterstroke. The google man in egypt was unbelievable. I laughed so hard at how adoringly he was received.
And so, as disclosures like this roll on by, no one really cares anymore. Same 5-6 banks, ripping the guts of the world while profiting and no one cares.
They will when some twit they follow twitters about it.
ORI
http://aadivaahan.wordpress.com/2011/03/01/on-outsourcing-and-its-ills/
Using social and digital media to instigate protests in Egypt, Tunisia, Libya, etc. coincides with the Broadcast Board of Governors (www.bbg.org) "template" disclosed in their 'Staying Ahead of the Digital Curve; US Global Engagement in the New Media Era' article. BBG distributes programming in 59 languages via radio, TV, the Internet and "other media" and oversees all U.S. civilian international broadcasting, including the Voice of America (VOA), Radio Free Eurpoe/Radio Liberty (RFE/RL), Radio Free Asia (RFA), Radio and TV Marti and the Middle East Broadcasting Networks (MBN) Radio Sawa and Alhurra Television.
keep buying silver. crash these fuckers
Better yet, convert all paper promises to real money. Ammo, silver, gold, platinum, palladium, not necessarily in that order.
Isn't ammo a promise, in a way?
better yet, get the people to stop paying.
YES!
I second that notion. Serfs stop buying anything on credit (done), ponzi forces Fed.gov to increase credit till end game collapse.
The only way to win is to drain the squid et all of their lifeblood, credit.
No credit, no squid.
pods
Hi five to someone who knows what is up.
Better add stockpile (not necessarly in that order):
* canned goods
* pasta / rice
* wine (fine wine is always a good asset)
* beer
* deep-forzen goods if you have an alternative power source
P.S. Add water if there isn't any drinkable water source nearby.
P.P.S. If you have enough and still have fiat paper, then silver gold etc.
"My people love me. They would die for me. They will die to to protect me... my people," The Squid told ABC News.
""My people love me. They would die for me. They will die to to protect me... my people," The Squid told ABC News."
The Squid? Oh - you are talking about Charlie Sheen.
Probably one of the least shocking news...
Gasp! Shocking! (do I even need a sarc tag here?)
it'll probably surface eventually that they do business with al qaeda also
Surely our bankers are involved in that scam too.
+1
ROUND UP THE USUAL SUSPECTS! I can't believe there's gambling, GAMBLING go on in here! North Africa no less!!!! SEND IN THE LATRINES! MOVE IT, MOVE IT!
Back in the Roman days, when Septimus Severus, local son of Leptis Magna, Libyan Colony of Rome, became Emperor, as new Caesar he ordered that all latrines in his beloved home town, not for from actual Tripoli, be made of best Marble, with a super duper plumbing and evacuation system. All the Leptis Magna nobles used to meet on their marble shit seats every morning, sipping their nectar/orange juice, eating their fried eggs on toast, reading the local ZH slate sheet planning their daily buy-sell schedules. It was the thing to do in glorious Leptis Magna. It was the place to be under blessed son, New Rome away from old Roman home.
Our new African born Caesar today probably remembers those good old roman days as he sips his coffee every morning with the same TBTF bankstas who service the current royalty of NEW Leptis Magna, on their Libyan toilet seats. What's changed?
Time to flush the royal family to oblivion. Down their marble hatches. Pronto! And cut the golden nuts of these TBTF bankstas at home, in dirty Wall of shame Street homes. Where they probably dream of benefitting from the ill gotten riches of now falling libyan emperor and family, stashed in their safe tax haven numbered accounts.
^^ This is my suprised face
+1
This, is, of course, gonna be the top news item going into tomorrow, replacing the ever important Charlie Sheen and Oscar news...
I'm depressed that I must share the air with the likes of Charlie Sheen.
I'm depressed I have to share the universe with people who care about what Charlies Sheen says and does...
I suggest everybody walk a mile in Charlie Sheen's shoes and just leave him alone. Hell, he's rich and likes to party with hookers. Seems sensible enough to me.
I wasn't bagging on Charlie Sheen...
Ah, to have an empty life that can be filled up with booze, drugs, and hookers.
Where can I sign up!!!
Why am I not surprised?
make a deposit with goldie or jp morgue and poof it's gone. stupid libyians. they trusted wall street. not much different than southpark bank & trust;
http://www.youtube.com/watch?v=RAKsMnAM8vk
Goldman has ties to and works with every government. No big deal there. Goldman has done nothing wrong.
A supposed upstanding director turns out to be a scumbag. That is not a direct indictment of Goldman; it is horrible and horrible publicity, but not the fault of the company.
I would love to see Carlyle lose everything. Unfortunately, if they do, the will go to the US Government and demand that their losses be made whole. And they might be.
Shocking. ....... well, not really.
+1
I hear Egypt wants to USD to trade oil. Great, Google mandated revolution is drying up like my curing pork belly. I wonder if Egypt will smell like my smoked pork belly?
I love it! It is all wonderful news regarding Goldman - their mortgage company Litton Loan needs to be taken down also! They will just keep getting small slaps on the hands though for what they do. They control the govt and are in all the money positions.
I certainly hope some of this sticks and people stop believing and investing with them.
Won't matter. They will just regroup and rename.
It is just amazing how these few certain banks continuously show up at the heart of all the dirty dealings. Of course, I hold JP Morgue in the greatest disdain of all of them, but why not simply liquidate these lawless entities at this point in time? Of course, the answer is that bonuses depend on the contrary.
One of these days, Americans by the millions will simply walk away from them...and leave the bag cleanly in the hands of these crooks.
Cue more J. Dimon whining about how hard it is to be a billionaire banker!
Your optimism is refreshing.
hey it is a pr campaign,
3 out of 10 deposed dictators chose JPM
Ok, I'm kind of new here and need some edumakation - how do these banks get away with all these illegal activites? Is there no oversight? Bank Auditors? Congress? Forgive my ignorance.
This particular one was extra easy--they really did break no laws. Ghaddafy was a good friend of the American people, our proud Partner in the War On Terror . . . until his subjects pushed reality onto the streets and into the world's living rooms.
Because of shit like this
http://en.wikipedia.org/wiki/William_M._Daley
What a brilliant choice by Obama to sweeten up his relations with the non-tax-paying transnational corporations upon whom he thinks we all now depend for job growth.
Bill Daley, another fine f'ing Illinoisian to be proud of there.
"and most recently served on the Executive Committee of JPMorgan Chase Co." Wait....what?
Yeah, Barry's working to bridge some kind of imaginary gap between him and the corporate community. The "hope" is that he will serve as a more effective laison between the administration and business. Kind of like Paulson, Summers, Geithner, et al.
The banks are in charge of their own oversight.
Nothing like cutting to the chase, and that is refreshing.
WTF
Seriously? I gotta get out of my cave more often. I forget people are even remotely surprised by this stuff still....
LMAO at your Sheen thing and the responses. MIlestones
The saying goes...
"It will take an Act of Congress." Ultimately they are the gatekeepers. Can it be sanitized? Failed nation if it can't.
dexter...mah maaan. you surely are new. granted this is an "overseas" op, but all the crap in USA is because: congresspersons bought & paid for by bankers, "oversight" (as alluded to above) is total BS. all the "regulators" are selected by the Big Dogs, Fed Chair is a puppet of banksters, and .... uh, well that's kind of a primer. keep reading the site
Been spending the evening doing that. Pretty amazing stuff. Shoulda paid more attention is school........or, maybe not.
Glad to see you decided to pledge to ZH at the school of Hard Knox, instead of BS at Catatonic State!
Thanks all for the information. I guess I kinda knew some of this but still shocked the MF's haven't been hanged yet I guess.
You'll figure it out dexter.
This is so fucking complicated and beyond. Thank God for the simplicity of Columbo reruns.
"Flintstones! Meet the Flintstones!"
Well these banks are financial terrorists so they all have something in common with Gaddafi. Quite simply Blankcheck just needs a beating! Ipu Pandit and Gaddafi are probably brothers from the same half goat half human that their dad shagged in a Tripoli whorehouse many moons ago.
Yeah, smack a man and end an empire? Banks breathe. We rent.
I have been trying to find this out for a long time:
Who exactly is behind HSBC? Not just the board, who are the major shareholders. Usual European investment bank dynasties...?
I'd like to see the real owners of Fedral Reserve and all their primary dealers around the world.
Does anyone remember my info on the The CAFR (Comprehensive Annual Financial Report)? It's buried in prior ZH postings of mine.
Here is another one to review. Actions in the ME are no different than here in US. Serfs, wages and the melting pot is all quite universal. Never let a language barrier's brake down communication processes.
The Corporation Nation Master (2010) - Full Length
That is FANTASTIC!!!!! a whole new way to look at being FUCKED and for all that know me and my down to earth, plain spoken 1 + 1 logic... you will LOVE this Video posted above.
Atomizer, Thank You! for the Video and FANTASTIC POST!!!!
no one cares... only a very few of us care about who is screwing "We the People" and how... we are outnumbered by the sea of ignorant masses and we let them be dumbed down, becuase we knew better but didnt try to stop it... it is us few that are to blame not the ignorant idiots.
I got through enough to get the picture - definitely worth a watch. Thanks.
Sorry for the double post, but did you see today where the Obama's fly their personal trainer around the country on the tax payers dime! They should be fucking ashamed of themselves. Isn't Michele "Mike Tyson with a wig" Obama's arms bloody big enough! http://www.dailymail.co.uk/news/article-1361575/Meet-White-House-personal-trainer-Obamas-fly-Chicago--share-staff.html
It's all over The End
http://www.youtube.com/watch?v=nZMwKPmsbWE
Bitchez
But the new iPad2 hasn't been released yet. WTF??!?!!?
Blackberry Playbook is days away.
Nothing is over. Nothing ends. Death is a common masses mistake for rebirth.
Banksters and Tyrants go figure
Protection money.
By giving GS, JPM, and CITI their money, Libya keeps the US Government off their back.
Wonder if they're managing any of Iran's money?
The answer is, not yet, but they'd love to. This follows the classic playbook. Resource rich country sitting on a pile of cash. Send in the big guns (eg Tony Blair for JPM), to show how powerful the bank is, and so they can talk as equals. Start managing some of their money, make sure it returns a decent profit, to show how well the relationship is progressing. Use new contacts to meet with local corporations, offer loans no strings attached. Tell them they need to start managing their businesses like the big boys in developed nations.
Next step, get them to invest in US banks (not your own, JPM pushes Citi, Citi pushes Goldman etc etc.) They fall for this because they assume the firms are rivals. Now, this gives you more leverage with local firms as the SWF is a shareholder in the banks and wants to see them do well. Little to their realize that their proportion of any profit on a deal is close to zero given banker bonuses etc etc. Now, you can exploit the greatest weakness of these sorts of places (Libya, Dubai, Egypt insert as you like) which is that the decision makers are there because of nepotism and patronage, rather than ability, so they don't even understand how little they understand. Show them ideas, tell them "everyone does this", even though in reality they don't. Tell them the idea is simple (even though it isn't), but these local idiots are too vain to admit they don't understand it, in order to retain the illusion of authority. Of course the deal will go bad and they will lose a lot of money, but they will prefer to take it like a man than admit to their folly. BTW, this is exactly what has happened in Dubai.
Libya would make perfect terrain for these banks - loads of money, mostly idiots in positions of power, a desire to modernize their nation.
As for the US Government, it's all the same thing. They have no desire to see democracy brought to the ME, if that means higher oil prices.
However, I do suspect something has changed and that is to do with China. The Chinese government really doesn't give a shit about democracy, and more importantly, it's people or media won't say anything either. Also, they don't have a history of invading, robbing that the West does. However, a popular pro-democracy movement, lead by pro-Western, Western educated youths probably benefits the West more than the Chinese. I doubt this was in the minds of Western leaders at the beginning, but I do think this is the way they are playing it now...
Let's also not forget Robert Fisk's article about the replacement of the Dollar. If there were behind the scenes moves by ME nations, this sort of thing can buy some time. However, the fact the Dollar has not been strengthening on the back of this may be causing some serious concerns (which would mean it is time to get rid of the Bernanke)
Apparently no one knows the answer to this question I posted earlier this week:"...so let me get this straight...the Treasury holds an 'auction', there are Primary dealers and Direct bidders....the Primaries are the JP Morgans, Goldman Sachs, Citibank, etc....the direct bidders are institutional investors, foreign buyers...etc...(btw, what catetory are foreign central banks?) So to keep the auctions from 'failing' and from a bond market crash, the Primaries buy what doesn't sell with the understanding the Fed will create money out of thin air and buy them from the Primaries within...say, two weeks....so there you have the Fed monetizing the debt, using the Primaries as an intermediary....and the Primaries get great prices and are paid fees...and at the end of the day, the percentage of purchasing power the Primaires have denominated in dollars goes up....everyday this happens, this BS 'bond trading' goes on, they make a profit...at the expense of everyone else in the dollar pool....Please correct or append, I really want to understand this...thanks." This is a key item me thinks..
Nothing I can see to correct.
http://www.c-spanvideo.org/program/MonetaryPolicyReport3/start/6976/stop...
excellent, thanks..!
Great link! +1
If I were a beneficiary of a primary dealer I would just love the way the system has worked up to now! FED with unlimited fraud currency must back stop me while I make risk free transactions that maintain and greatly expand my power, (along with the other insiders to the system). Up to now they have continued to totally dominate everyone on the planet that must use $, (and/or other fiat for the other statist slaves in all the other countries), or is greedy or corrupt enough to be bought by them. And the consequences of these actions? Millions starve, death and misery on a planetary scale. Now that so many know what they have done, how do they think they are going to get out of town and keep their loot? What is their get-away plan now that the planet begins to understand the nature of these creatures? Since they think nothing of killing millions do you think they might find a really deep hole somewhere and try to kill billions and then ooze their way out of the bunkers when there is no one left who understands what these creatues are?
Just trying to figure out what could possibly be their game plan now that their aces have been caught falling from their sleeves.
Yep, that's about it. Caveats:
The Fed could be buying the bonds directly from Treasury to save taxpayers money. But they don't.
It's a backdoor bailout to Wall Street and is the only thing propping up the stock market right now.
Excellent point gwar. The PDs were out on a limb and over leveraged like everyone else, but through their laundering of treasuries, they were able to quickly replenish their stock to pick up the not so favorites for pennies on the dollar.
pods
And therein lies the inequity of the insider's club.
They were allowed to toss aside their bad investments while receiving a liquidity windfall just in time to scoop up the bargains. And there were plenty of companies selling well below liquidation value at the time, if you can believe the financials filed with the SEC.
The equivalent would have been the government agreeing to purchase every underwater home at peak market value, or payoff all credit card debt, auto loans, etc. if the beneficiaries of such actions agreed to use the proceeds to buy corporate debt and equities.
Slight nit to pick- the Fed is restricted to purchasing Treasury securities in the open market.
Also, It's not so much a back door bailout as an explicit policy of asset price inflation. Even today Bernanke stated that QE2's purpose is to create a scarcity of longer term securities. A scarcity which forces investors (money managers are not paid to sit on cash) into substitute securities, specifically corporate debt (which appears increasingly "cheap" when Treasury rates are held artificially low). Of course stock prices are a function of the corporate debt market. Corporate spreads have a decent correlation to equity market volatility.
Milton, thanks for the education. I'm not an insider and these relationships are a little hard to grasp for me. Much appreciated.
T
The PD's don't need to put up any money of their own for the "inconvenience" of holding the UST issue for the nanosecond between issuance and Bernanke's buying---er, overpaying. Ben loans them the cash, so ROE is "undefined" in mathematical terms, or "chump change" for prop desk that bat 1.000 for H2 2010. We, the taxpayers, are the chumps, and the change is what Obama promised us.
Excellent. 5/6 on POMO test. You need to be more self-confident, but you're in the good path.
GS is more likely to take this site down than vice versa. The major problem with getting the people to care is getting them to starve. Keep one section always fat and fed and let that section control the dominate language and markets. This way, those who appear in control and in charge never challenge. This way, nothing appears challenged.
This site is awesome but I give it a life expectancy of three years from yesterday.
At best.
3 years is a lifetime so You get my VOTE to post as a contributor/educator........and, if that does not work out then let me about the possibility of privates.
Terrific stuff you have been writing. Got my attention.
Btw.........I think Robot called the Top on an ABC extension, unless of course peace breaks out in the ME by tomorrow for resumption of NYMEX pit market trading.
Everyone, please chillax.
Don't worry, Lloyd Baldfein told me, "We are doing God's work."
God loves laundering murderous dictators' American bribe money.
Although never really subversive, or even provocative, Huffington should now rightfully be confined to the MSM trash bag where it belongs after the AOL purchase. And here now to affirm its reputation as an alternative media outlet, we get this. More Wikileaks sewing circle gossip. Nothing new here other than a different dead end.
HEY.......whatever happened to the "Wikileaks" outfit anyway? /sarc
Lord Rothschild is making some adjustments.
http://wakeupfromyourslumber.com/blog/sullivan/wikileaks-assanges-lawyer...
It's only getting better,pass the pop-corn.
names like Rubenstein, Schwarzman, Blankfein, Dimon? nothing out of the ordinary here. The usual suspects.
Let me see who was involved: David Rubinstein and Steven Schwarzman, wow they must be muslim terrorist, we have to take care of it!
The Saudis own Citi. That's never been a secret. It tells you why the US taxpayer bailed Citi out.
They also practically own Cornell University. Many top US Universities got bailed by Middle East oil money over the last 20 years. And they actually allowed their name to be exported to those countries that now use their name.
Nobody here should be surprised: In the 80s every Wall Street Ibank was in bed with the Japanese, helping them buy up New York (Rock Center) and California (Pebble Beach). In the 1930s Brown Brothers Harriman was in bed with the Nazis, financing their steel industry and oil acquisitions even after Pearl Harbor until the US Gov froze those assets. Several key banks helped to set up the modern state of Saudi Arabia from 1917 into the 1920s. It's just the old game all over again.
Epic insight Caviar Empter.
http://www.youtube.com/watch?v=G6ukFYi4k8U
It was a 2 way deal: Saudis export oil to US, and place that money in US banks and Gov debt thereby assuring themselves of political support and protection forever. Came in handy when Saddam Hussein took over Kuwait. And now they have US bases in the yard to act as their private security force.
The original agreement was for Saudi Arabia to use oil proceeds to buy UST,and the interest paid on them was used to pay U.S. corporations to build infrastructure projects in Saudi Arabia (after the oil scare of the 70s). This is the plan they had for Iraq but Saddam wasn't going along with the plan.
So I would assume that the U.S. had some agreement to compel Ghadaffi to invest all that money with U.S. banks, and he probably thought he was buying protection, but his usefullness has come to an end.
The squid is in on this deal? I am soooooooooo shocked........NOT!!!!
Tony Blair has kissed a few asses for the same party Carlucci represents. And then there is the Brian Mulrooney who when Peter Monk of Barrick was asked why he had appointed mulrooney to the Barrick board of directors responded by explaining the rationale as simple as Mulrooney knew every 3rd world dictator on a first name basis.
It is a bit difficult to understand exactly why and what Mervyn King is up to with his statements that clearly point the finger at the bank robbers of the modern economy.
Because if Mervyn King stokes up some big public anger, the banks can make some money financing weapons deals
I guess there is always an angle and if so the motive then that is way over my head. My gut feel is that mervyn is probably just as stunned and astounded by the public reaction or lack thereoff as the people who read and post at ZH......maybe the reality is the dumbded down public knows only what time COPS ends and American Idol starts........as hard as that is to believe it may be just that simple, and edge to the bankers.
You definitely make insightful and thought provoking points.
PR disaster? Blankfein could eat live babies on the Tonight show and every politician would still be jockeying for position to service him in any way Lord Blankfein wished. Dimon could go on Letterman and talk about how his dream was to impoverish the US and nothing would change.
When you own the political structure, PR is meaningless.
Might as well just have a new corporate slogan in honor of Idiocracy.
"Fuck you, I'm looting"
The New Feudalism in action
Hey, you remember that 2008 Peter Jennings appearance on David Letterman?
Umm no
- sorry, I meant his clone, Tom Brokow ... no I mean Brian Williams yeah, Brian Williams on David Letterman ... in 2008 ...
David Letterman - Brian Williams on "Wall Street's Free Fall"
http://www.youtube.com/watch?v=SRNrl-858qA&playnext=1&list=PL569CC7B2B0D809F0
( all links have been scrubbed )
-wait a minute ... they missed one ...
http://www.metacafe.com/watch/cb-NTCgzazaCs6Ff4dd9aYsOwAM9__ZHo0w/david_letterman_brian_williams_on_wall_streets_free_fall_season_17_episode_3304/
well, well, well...
If you havent seen it yet this is the latest Keiser report from Max Keiser.
He manages to insult Mish, Nadler, Robotrader and Hamy all in one episode.
A must see..........................
http://www.youtube.com/watch?v=XB2FS4RT2sY
I love me some Keiser !
Is it any shock these soul-less greedy banksters would help manage and grow the assets of ruthless dicatators-- shit they help the accounts of our corrupt leaders here. This is how the world works right now and it's exactly why we need to change this shit. People need to be brought to justice or else we need to start jacking up the revolution sentiment here soon.
so don't deposit with jewstreet banks...your shit will get frozen without warning
For once I agree with you.
Wages were frozen three decades ago -- no warnings, just games of passing the fraud among the fags of finance and calling it a market.
Bernanke said today there isn't enough gold to back the USD
Either our gold is indeed tungsten, or absent, or he refuses to acknowledge it's merely a function of price.
Probably because his computer keeps coughing up this error when he hits print:
An error occurred while communicating with the CUPS server while saving queue MoreGold. cups(file)DoRequest error:client-error-bad-request.
Full call stack for debuggers:
- ORA-01403: no data found
- ORA-06512: at "CUPS_3_0.ADDGOLDCOUNTPROCPC", line 4194
[+] ORA-20001: CUPS-3419 LOG-3179890 An error occured while reading the Financial operation / Inventory matrix. [ 1: 75064 2: 5913]
[@] ----- PL/SQL Call Stack -----
object line object
handle number name
38d1a2508 112 package body CUPS_3_0.CUPSERRORS
391dae930 1261 package body CUPS_3_0.ADDGOLDCOUNTPROCPC
391fdb3d0 1 anonymous block
- ADDGOLDCOUNTPROCPC.CountBillPayment
- ORA-01403: no data found
- ----- PL/SQL Call Stack -----
- object line object
- handle number name
- 38d1a2508 112 package body CUPS_3_0.CUPSERRORS
- 391dae930 1261 package body CUPS_3_0.ADDGOLDCOUNTPROCPC
- 391fdb3d0 1 anonymous block
- ORA-01403: no data found
- ORA-06512: at line 1
Let's go a little deeper
Central Bank Website
http://www.bis.org/cbanks.htm
CBL
http://www.cbl.gov.ly/en/
CBL Monetary Policy
http://www.cbl.gov.ly/en/home/index.php?cid=71
The report IMF experts consultations with Great Jamahiriya for the year 2010 --- File Missing
IMF Executive Board Concludes 2010 Article IV Consultation with the Socialist People’s Libyan Arab Jamahiriya
Public Information Notice (PIN) No. 11/23
February 15, 2011
All dialog stated here before. Page 54. MDG's, and this is not a beer to drink.
http://www.docstoc.com/docs/72147136/Investment-Abnd-Risk-Investment
You can conduct your own research on the other ME countries. It will have similar finance tracings, winks.
In the meantime, you should remain scared and obey your government. snickers
This sucks!
Where have all the bears gone? Remember, "Hindenburg Omen", "Double-Dip Imminent!"?
Has QE2 really been a failure?
What good will Ron Paul do questioning Bernanke tomorrow?
So far, QE2 hasn't been a failure in my eyes... We are in recovery... I am not smart enough to predicit THE END OF THE WORLD and THE FINANCIAL SYSTEM 'As we Know it'?
Bring a pair of handcuffs to the meeting tomorrow. This man (Bernanake) is an accessory to treason and financial terrorism.
They all deserved to die. I pushed the button, I watched the sky rain death.
Consider this global abortion. I now know what your future holds.
I am all knowing and almighty. You will honor and revere.
True survival is pouring salt in the wound. I hold your pathetic lives in my hands.
If you won't die for me, you will die because of me.
I pulled the trigger on the entire human race. This is as big as murder-suicide gets.
I am the end of the world.
My d*** now lies in your rotting mouth. Nothing to do now but watch the world die.
You've been bamboozled. QE2 wasn't meant to save you. It was meant to save the banks from more massive losses on loan portfolios with option ARMS due to reset. Had interest rates been allowed to float at what the market would bear, more loans would be in default or walked away on and in foreclosure. Since banks aren;t lending anyway it gives then $7Billion per day to play the market. And they haven't had more than 3 losing days in over 6 months. That way they show fake profits and bonus themselves. It also means banks don;t have to pay you real world interest rates on your money. And for retirees who favor T Bills, it means the government pays them nothing on their savings. But worst of all is that the economy would ahve recovered anyway only stronger if the dead, unprofitable companies weren't kept on permanent corporate welfare. Keeping dead companies alive is anti-capitalist and anti-free market. It means the economy will continue to rot long term since no new entrants are allowed to succeed. New ideas are discouraged. So investment capital will move on to other countries (and it is).
Spot on, CE.
I agree..this was to save the 5 banks...no one else...and yes you nailed it CE
oil spike war trade coming up...all risk sensitive crosses down. middle east/north africa looking real bad.
hedges should start shorting goldman and the likes now.
all eyes on china sh*tting its pants on oil
no its not the end of the world, you just have to live like chinamen now
This bloke tyler is a damn fine pamphleteer; kinda a neopainish in his way of connecting with the common readist.
Dickensesque?
I think he was going for Dickpainish...I could be wrong.
And it has been going for such a long time. Yes since Dickens.
Like I cannot believe I read this stuff (and its true) yet everyone pretends like its not going on..Well it is ppl..There is evil stuff happening..And some of us have their number..But why doesn`t MSM? Don't answer I already know why they don't tell ys this crud.PPl would be like jumping from their windows if they knew half the shit going on.