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Meet The Mysterious Firm That Is About To Leave Blythe Masters Without A Job

Tyler Durden's picture




 

It was about a month ago when it was revealed that the infamous JPMorgan physical commodities group, plagued by both perpetual accusations of precious metal manipulation and legal charges most recently with FERC for $410 million that it had manipulated electricity markets, was in exclusive talks to be sold to Geneva-based Marcuria Group. It was also revealed that Blythe Masters, JPMorgan’s commodities chief, "probably won’t join Mercuria as part of the deal." Of course, we all learned the very next day that Ms. Masters - an affirmed commodities market manipulator - and soon to be out of a job, had shockingly intended to join the CFTC trading commission as an advisor, a decisions which was promptly reversed following an epic outcry on the internet. This is all great news, but one thing remained unclear: just who is this mysterious Swiss-based company that is about to leave Blythe without a job?

Today, courtesy of Bloomberg we have the answer: Mercuria is a massive independent trading behemoth, with revenue surpassing a stunning $100 billion last year, which was started less than ten years ago by Marco Dunand and Daniel Jaeggi, who each own 15% of the firm's equity. And it probably should come as no surprise that the company where the two traders honed their trading skill is, drumroll, Goldman Sachs.

Dunand and Jaeggi first met studying economics at the University of Geneva in the late 1970s. Their friendship was galvanized a few years later working for grain trader Cargill Inc. and sharing an apartment while on a training course in Minneapolis. Mercuria’s corporate strategy and culture have reflected the professional paths of its founders, who spent the bulk of their early careers at investment banks.

 

 

They left Cargill in 1987 for Goldman Sachs’s J. Aron unit in London. They stayed until 1994, then joined Phibro for a five-year stint when it was controlled by Salomon Brothers.

 

That experience defined the trading strategies of Dunand and Jaeggi who moved from Phibro to start Sempra’s European and Asian trading business in 1999 before founding Mercuria in 2004.

 

Without a commanding position in any region or commodity, the firm has sought out bottlenecks and imbalances in niche markets and positioned itself to make money trading derivatives using insights gained from its physical trading. In its early days it profited by opening a trade route shipping Russian crude to China from Gdansk, Poland.

 

Mercuria also differs in tone. At its headquarters on Geneva’s poshest shopping street, traders and executives wear open-collared shirts, sweaters and jeans, a sharp contrast to the shirt-and-tie policies at more established firms.

Not surprisingly, some of the key hires in the past couple of years as the firm expanded at a breakneck pace and added some 570 people, bringing its total headcount to 1,200, were from Goldman: "The hires include Houston-based Shameek Konar, a former managing director with Goldman Sachs Group Inc. who is chief investment officer overseeing Mercuria’s corporate development, including the JPMorgan negotiations. Victoria Attwood Scott, Mercuria’s head of compliance, also joined from Goldman Sachs." We find it not at all surprising that the Goldman diaspora is once again showing JPMorgan just how it's done.

So just how big is Mercuria now? Well, it is almost one of the biggest independent commodities traders in the world:

Mercuria traded 182 million metric tons of oil or oil equivalent in 2012, according to its website. Vitol, the largest independent oil trader, handled 261 million and Trafigura traded 102.8 million tons of oil and petroleum products. Brent crude rose 3.5 percent that year in a fourth annual advance. It slipped 0.3 percent in 2013 and is down 2.6 percent this year at about $108 a barrel.

 

With more trading companies trying to gain an edge by owning businesses that produce, store or process commodities, Mercuria followed suit. It now has stakes in a coal mine in Indonesia, oil and gas fields in Argentina, oil storage in China and a biodiesel plant in Germany. In June, it invested $50 million in a Romanian gas producer.

 

The JPMorgan unit employs about 600 and represents a range of assets assembled over decades by firms including Bear Stearns Cos. and RBS Sempra, which the bank bought during an acquisition binge beginning in 2008.

 

They include gas and power trading on both sides of the Atlantic, physical assets spanning 40 locations in North America, an oil-trading book with a supply and offtake contract with the largest refinery on the U.S. East Coast, 6 million barrels of storage leases in the Canadian oil sands, and Henry Bath & Sons Ltd., a 220-year-old metal-warehouse operator based in Liverpool, England.

In other words, the old boys' club is about to get reassembled, only this time even further away from the supervision of the clueless, corrupt and incompetent US regulators. And with the physical commodity monopoly of the big banks finally being unwound, long overdue following its exposure here and elsewhere over two years ago, it only makes sense that former traders from JPM and Goldman reincarnate just the same monopoly in a jurisdiction as far away from the US and Fed "supervision" as possible. Which also means that anyone hoping that the great physical commodity warehousing scam is about to end, should not hold their breath.

As for the main question of what happens to everyone's favorite commodity manipulator, "It hasn’t been determined whether Blythe Masters, who has led the JPMorgan unit since 2006 and orchestrated the buying spree, would join Mercuria, a senior executive at Mercuria said." Which means the answer is a resounding no: after all who needs the excess baggage of having a manipulator on board who got caught (because in the commodity space everyone manipulates, the trick, however, is not to get caught).

Finally, with "trading" of physical commodities, which of course include gold and silver, set to be handed over from midtown Manhattan to sleep Geneva, what, if any, is the endgame?

The talks with JPMorgan forced Mercuria to put another deal on hold. Mercuria was nearing the sale of an equity stake of 10 percent to 20 percent to Chinese sovereign wealth fund State Development & Investment Co., according to two people familiar with the matter. The discussions with SDIC were halted once Mercuria neared the JPMorgan business, one of the people said.

But they will be promptly resumed once JPM's physical commodities unit has been sold, giving China a foothold into this most important of spaces. Because recall what other link there is between China and JPM?

One may almost see the connection here.

 

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Fri, 03/07/2014 - 17:46 | 4522993 1835jackson
1835jackson's picture

Goldman Sucks.

Fri, 03/07/2014 - 17:50 | 4523006 NotApplicable
NotApplicable's picture

<- This is my shocked face.

Fri, 03/07/2014 - 18:26 | 4523097 aVileRat
aVileRat's picture

Sempra’s European and Asian trading business in 1999 Didn't they get busted for fixing Ural spot around 1998 ?

Mercuria in 2004. So, 3 year time-out from markets, restart, play their old trade book ? Sounds bout right.

Without a commanding position in any region or commodity, the firm has sought out bottlenecks postioned itself to make money trading derivatives using insights gained from its physical trading

In its early days it profited by opening a trade route shipping Russian crude to China from Gdansk, Poland.

So, trade supply shortages based on insider information gained from offering collars & swaps to power companies and upstream E&P corps. Sounds legit, right Enron ?

Makes me wonder which firm, with 20 year long-tail exposure to Ural heavy oil would be hurt the most by Canadian/US Crude going into French/German markets.

Things that make you go hmm...

Methinks Tyler has a new project to track. Or not.

 

Fri, 03/07/2014 - 18:30 | 4523130 12ToothAssassin
12ToothAssassin's picture

Tip for Mercuria founders: Avoid bathtubs, balconies, roof tops, cliffs and private airplanes.

Fri, 03/07/2014 - 18:35 | 4523156 kurt
kurt's picture

and those gol derned nail guns

Fri, 03/07/2014 - 18:41 | 4523176 negative rates
negative rates's picture

This won't end well.

Fri, 03/07/2014 - 19:43 | 4523375 National Blessing
National Blessing's picture

Blythe has a lot of fuck you money.  She'll do OK.  Bitches.

Fri, 03/07/2014 - 23:42 | 4524086 Rukeysers Ghost
Rukeysers Ghost's picture

Blythe is genuine evil but I would still fuck the shit out of her. That accent overrides all indiscretions.

Sat, 03/08/2014 - 02:18 | 4524363 Jadr
Jadr's picture

Tyler, here is another account that needs to be banned. You guys should just do something to block the linking to the website.  Auto-censor it to another word or something.  This tool is annoying and in every article.

Sat, 03/08/2014 - 02:32 | 4524381 adeptish
adeptish's picture

Blythe gives me the horn...

Fri, 03/07/2014 - 18:40 | 4523173 Vint Slugs
Vint Slugs's picture

Rat,

The term "insider information" is relevant to securities law.  There is no "insider" trading in commodities law for the simple reason that commercials are, in fact, "insiders".  Thus every hedge transaction that a commercial makes may have its roots in "inside" knowledge.

Fri, 03/07/2014 - 22:18 | 4523839 SAT 800
SAT 800's picture

Yes that's correct. it's a little difficult to get the citizens to understand this since they're so used to the prosecutions for insider trading in the stock market; always a popular PR stunt for the SEC. The problem with this Mercura trading empire is that it will be one of a big three who will simulatneously own the underlying commoditiy, the delivery system, and trade the market. It's kind of insider trading squared. Whatever JP Morgan couldn't do; they will do. Also, I don't see any particular reason they couldn't make some conference calls from time to time and agree with the other big two; and thereby temporarily, "own the world"; which is the basic goal of all large commodity players. I read the original of this article carefully and then checked around to see what else is in the public domain; not much; but that's to be expected. I liked the fact that they referred to the Marc Rich school of commodity trading as a "successful model"; he was prosecuted for some Federal crime involving fraudulently ripping off the public for whatever number of hundreds of millions of dollars; but he became a flight felon; convicted but out of jurisdiction; and President Clinton pardoned him with his presidential pardon power within a half hour of his closing out of his term as President. Something to remember when you're having trouble remembering that this is a government of crooks, by crooks, for the crooks. I would expect wilder and more irrational swings in commodity prices in coming years as the basic result. Don't forget President Obama has stated twice that "we need more expensive gasolene".

Sat, 03/08/2014 - 00:12 | 4524158 Vint Slugs
Vint Slugs's picture

Sat,

Just as a point of info, Marc Rich and his partner Pincus Green were accused of US federal tax evasion - as I remember about $100 million that was a record at the time (suit brought by federal prosecutor Rudolph Giuliani who, at the time, railroaded financier Michael Milken) - not fraud on any level.  They fled the country and were never prosecuted (unless in absential that I'm ignorant of).  Furthermore, they established residence in Zug, Switzerland and formed Richco which was a hugely successful commodities trading firm.  Somewhere in there Richco was accused of trafficking with the enemy (I'm not sure under what sovereign's laws but probably the USA) during the "Gulf War" because they bought-and-sold oil; transactions that were termed to be supportive of the Iraqi enemy.

I don't have any trouble "remembering that this is a government of crooks, by crooks, for the crooks".

Commodity prices will become progressively more destabilized if and when there are actual signs of dollar debasement versus gold, not the popularly followed and wildly misrepresentative "dollar index".  Lacking that, the "real", inflation adjusted, 2012 commodity cyclical high at the upper 2 standard deviation zone relative to the 1793-2012 trend has set the stage for a general commodities price collapse - apparently in progress - into the black hole of deflation.

Sat, 03/08/2014 - 10:48 | 4524790 Danno Anderson
Danno Anderson's picture

<<<< Just as a point of info, Marc Rich  >>>>

 

You forgot to mention that Marc Rich, another diaspora, was given a full pardon by President Bill Clinton on Clinton's last day in office.   There was no mention of a black suit case being delivered to the White house. 

Wikipedia :

Marc Rich (born Marcell David Reich; December 18, 1934 – June 26, 2013) was an international commodities trader,hedge fund manager, financier and businessman.[1] Active in the spot market for crude oil,[2] he became a commodities trader.[3] He was best known for founding the commodities company Glencore and for being indicted in the United States on federal charges of tax evasion and illegally making oil deals with Iran during the Iran hostage crisis. He was in Switzerland at the time of the indictment and never returned to the United States.[4] He received a controversialpresidential pardon from U.S. President Bill Clinton on January 20, 2001, Clinton's last day in office.[5]

Sat, 03/08/2014 - 14:24 | 4525278 sgt_doom
sgt_doom's picture

Again, this makes me wonder who actually owns JPMorgan Chase and Goldman Sachs?

Yes, I realize the minority owner, at 40% of its stock, are the GS partners, but that 60% majority owner?

Yes, I realize people will respond they are private institutional investors through firms like T. Rowe Price and Vanguard, and that is private, privileged information.

So who actually owns Goldman Sachs, and JPMC?

Might be the starting point.

Fri, 03/07/2014 - 17:46 | 4522994 Mr Pink
Mr Pink's picture

I've got a job for her.....this bitch owes me

Fri, 03/07/2014 - 17:52 | 4523009 Kirk2NCC1701
Kirk2NCC1701's picture

+1.  "I've got a job for her".  Fuck, you beat me to it.  :-)

Fri, 03/07/2014 - 17:53 | 4523015 Freddie
Freddie's picture

LOL!  Me too.

I got a little job for her.

Fri, 03/07/2014 - 18:00 | 4523033 johnQpublic
johnQpublic's picture

maybe shes got a job for all of us

Fri, 03/07/2014 - 22:14 | 4523824 Flying Wombat
Flying Wombat's picture

Better still:  Put her in a cage at the ZeroHedge office with a live webcame broadcast and a web-hosted "button" we can all click on to fire a water ballon gun at the cage.   

Fri, 03/07/2014 - 18:07 | 4523050 IdeasRbulletproof
IdeasRbulletproof's picture

Lol, he said little...

Fri, 03/07/2014 - 18:29 | 4523125 Freddie
Freddie's picture

http://www.youtube.com/watch?v=Fauwxi60uZs

Taken from the Jerky Boys Frank Rizzo

He is talking to an illiterate girl who cannot speak English and tells her he "has a little job for her."

http://www.rollingstone.com/feature/jerky-boys-prank-calls-comedy-legend...

 

Fri, 03/07/2014 - 18:52 | 4523226 IdeasRbulletproof
IdeasRbulletproof's picture

I figured there was a joke in there somewhere. U just left yourself wide open on that one...

Fri, 03/07/2014 - 18:28 | 4523075 skwid vacuous
skwid vacuous's picture

She got stood up by two guys who wear sweaters over their open-necked collared shirts...? must be a fag hag (fruit fly, flame dame, etc.)

Fri, 03/07/2014 - 18:45 | 4523191 MeMongo
MeMongo's picture

Then again she could try tranny porn:'-( They can call her Long Dong Silver!

Fri, 03/07/2014 - 19:29 | 4523320 LooseLee
LooseLee's picture

The only job fit for this 'whore' is in XXX films...

Fri, 03/07/2014 - 22:20 | 4523850 SAT 800
SAT 800's picture

She's irrelevant. concentrate on electing a Republican President next time; it makes a difference.

Sat, 03/08/2014 - 10:34 | 4524764 GetZeeGold
GetZeeGold's picture

 

 

Instead of a Republican.....I think we should try a conservative President next time.

Hopefully one that's never heard of the Bohemian Grove.

Sun, 03/16/2014 - 05:29 | 4554283 MeelionDollerBogus
MeelionDollerBogus's picture

They all work for Goldman Sachs. Alessio Rastani truthfully told you as much years ago.

How can you still be so easily fooled?

Obama is President Fooled-me-twice doing what Bush did because Bush wasn't in charge either. Both are bankster puppets.

Fri, 03/07/2014 - 17:52 | 4523011 adr
adr's picture

Hi, we found bottlenecks and used derivatives representing money we didn't have to buy out key players in the oil market so that instead of thousands of suppliers to buy from, you have your choice of three or four all trying to bid the contracts as high as possible.

Fuck competition, that might lower prices.

Fri, 03/07/2014 - 18:42 | 4523178 negative rates
negative rates's picture

It was a mark to model move, every man his own model.

Fri, 03/07/2014 - 17:52 | 4523013 waterwitch
waterwitch's picture

Ms. Brythe?  Prease bend over....

Fri, 03/07/2014 - 22:08 | 4523797 Kirk2NCC1701
Kirk2NCC1701's picture

She told Putin that she "could be more flexible after the erection".

Does she bend one way for Vlad, another way for Barak?  ;-)

Fri, 03/07/2014 - 17:55 | 4523023 walküre
walküre's picture

Selling to China. Cutting off their noses to spite their faces....

Fri, 03/07/2014 - 18:07 | 4523049 NOTaREALmerican
NOTaREALmerican's picture

I admire the higher evolved sociopaths.  Who else would pull-the-levers and create jobs?

Fri, 03/07/2014 - 18:11 | 4523062 trader1
Fri, 03/07/2014 - 19:23 | 4523305 cynicalskeptic
cynicalskeptic's picture

Kissing ass to your new lords and masters..... wise move.

The question is:  Who owns the remaining 70% ?  You can bet these guys are in bed with some pretty powerful partners.

Fri, 03/07/2014 - 19:31 | 4523335 LooseLee
LooseLee's picture

Higher EVOLVED? Are you serious? Higher DEVOLVED is the right term. Worthless collection of flesh & bones IMO...Buffalo fodder at best.

Fri, 03/07/2014 - 18:08 | 4523053 The Gooch
The Gooch's picture

<---- Are they still sharing an apartment?

<---- Squid Jr.

Fri, 03/07/2014 - 18:11 | 4523059 NoTTD
NoTTD's picture

So, she's available to marry me at last?

Fri, 03/07/2014 - 19:26 | 4523313 Deacon Frost
Deacon Frost's picture

Surely you jest, don't wish that upon yourself or anyone for that matter, she is an arrogant shrew to be sure.

Fri, 03/07/2014 - 22:22 | 4523861 nathan1234
nathan1234's picture

She may take you up on it if you have enough gold to loot for JPM to give back to the Germans

Her pussy would be a dick guillotine and you would loose your balls as well as your gold.

Good Luck,

Sat, 03/08/2014 - 19:23 | 4526033 NoTTD
NoTTD's picture

Sounds great! I'm in!!

Fri, 03/07/2014 - 18:14 | 4523069 tony wilson
tony wilson's picture

Dunand and Jaeggi first met studying economics at the University of Geneva in the late70s.

they realised early on that they had a shared interests in gut punching  analism and kitten strangling..

 

after several child murdering eyes wide shut parties they soon got the reach around support of jacob rothschild, who they have been man milking ever since.

Fri, 03/07/2014 - 18:23 | 4523104 skwid vacuous
skwid vacuous's picture

+1000 sweaters

Fri, 03/07/2014 - 18:45 | 4523197 The Gooch
The Gooch's picture

+1000 COSBY sweaters.

Fri, 03/07/2014 - 22:12 | 4523817 Kirk2NCC1701
Kirk2NCC1701's picture

Fitting name for their company.

Mercurial: changeable; volatile; fickle; flighty; erratic: a mercurial nature.

Sat, 03/08/2014 - 02:32 | 4524380 Jadr
Jadr's picture

If you read the source article apparently their name is based on the Roman god Mercury.

From Wikipedia:

Mercury (/?m?rkj?ri/; Latin: Mercurius  listen (help·info)) is a major Roman god, being one of the Dii Consentes within the ancient Roman pantheon. He is the patron god of financial gain, commerce, eloquence (and thus poetry), messages/communication (including divination), travelers, boundaries, luck, trickery and thieves; he is also the guide of souls to the underworld.[1][2] He was considered the son of Maia and Jupiter in Roman mythology. His name is possibly related to the Latin word merx ("merchandise"; compare merchant, commerce, etc.), mercari (to trade), and merces (wages).[citation needed] In his earliest forms, he appears to have been related to the Etruscan deity Turms, both of which share characteristics with the Greek god Hermes. In Virgil's Aeneid, Mercury reminds Aeneas of his mission to found the city of Rome. In Ovid's Fasti, Mercury is assigned to escort the nymph Larunda to the underworld. Mercury, however, fell in love with Larunda and made love to her on the way. Larunda thereby became mother to two children, referred to as the Lares, invisible household gods.

Fri, 03/07/2014 - 22:17 | 4523837 nathan1234
nathan1234's picture

Ah there's the connection !

Just an internal transfer of ownership.

It's Rottenschild behind all the financial crimes and wheeling dealings

Fri, 03/07/2014 - 22:45 | 4523917 dellievan
dellievan's picture

 

Don't soft touch these things Tony!                                                                                                                                                             

 

 

Fri, 03/07/2014 - 18:14 | 4523076 Duc888
Duc888's picture

 

 

They're all floaters, and gaseous semi-solid piles of shit always float to the top.

Fri, 03/07/2014 - 18:31 | 4523136 kurt
kurt's picture

As a former hand at J.B. Mackey Plumbing and Septic, I can absolutely confirm the above. When we cracked open a septic tank there was usually a two to ten inch wet cardboard like hard sludge on the top. In order for the septic pump to suck out the tank that crust had to be manually broken up. We used a steel bar with a rectangle of sheet metal welded to the tip. 

So if we're going to clean up the financial market, we'll have to bust up the crust at the top so we can suck the crap out.

 

PS Your plumber knows if you eat pickles in your household, the plumber always knows.

Fri, 03/07/2014 - 18:49 | 4523214 The Gooch
The Gooch's picture

Pass the steel bar with sheet metal welded to the tip.

 

Fri, 03/07/2014 - 19:10 | 4523277 RaceToTheBottom
RaceToTheBottom's picture

I say hit the scum over the head and hold them submerged in the septic tank.

Like in ALiens, "you gotta be sure"

Fri, 03/07/2014 - 19:24 | 4523308 cynicalskeptic
cynicalskeptic's picture

They own 30% - who owns the other 70%?   You don't thing things have REALLY changed, do you?

Fri, 03/07/2014 - 19:59 | 4523420 The Gooch
The Gooch's picture

Fuck yeah.

Claussen Pickles (Woodstock, Illinois) was scooped up by KRAFT DEATH INC. KRAFT DEATH INC. destroyed really good fucking piclkes.

 

Fri, 03/07/2014 - 19:21 | 4523297 IBelieveInMagic
IBelieveInMagic's picture

Insight!

Fri, 03/07/2014 - 18:14 | 4523077 Phillycheesesteak
Phillycheesesteak's picture

I have to say this is abolutely fantastic. ZH is doing what the market and "regulators" should have done; push her out of the inustry! Kudos to the Tylers for stayng with this. Just don't try to tell me that gold is goin to5K tomorrow or that the Russian annexation of Crimea itself is a bg deal. It is not. I was in the Army during the cold war and in a tank in the Fulda gap. It didn't stop America then and itwon't sop us now It didn't stop USSR then and it won't stp the The Russian Federation now. My only opininion is that we shouldn't be meddlin around there. Kudos toZH ZH Tyers for keepig us up to date.!

P.S. Please don''t try to compare the US. wth Nazi Gemany. It sounds like a reactionay ramble.

Fri, 03/07/2014 - 18:27 | 4523109 skwid vacuous
skwid vacuous's picture

PTSD much? i think you are confusing Hitlery comparing Russian moves to Nazis ...

Fri, 03/07/2014 - 18:43 | 4523182 Phillycheesesteak
Phillycheesesteak's picture

Hillary Clinton is on air trying to compare the Russian incursion into the Crimeria as parallel to the Nazi incursion into the Sudetanland and Austria. If you remember from history, that was the Nazis first step. They had to protect their own people. In Austria, Germany was once part of the Austro Hungarian Empire. Hitle was Austrian. They were welcomed with flowers. I'm not trying to make justification because I don't live there, but this is a tough call in my mind. I don't think OBama as a community organizer has a fucking clue what he is doing, nor do I think if he listens to his top military people who you hate and alex jones hates but we still love you, it wouldn't make a difference.

Fri, 03/07/2014 - 19:35 | 4523347 cynicalskeptic
cynicalskeptic's picture

Austrians and Germans in the Sudetanland WELCOMED Hitler - and good number of those in Crimea welcoming Putin

all the borders shifted around in Europe over the past 100 years have left a number of festering issues but the reality is that this is  about GAS PIPELINES and who controls them.

Fri, 03/07/2014 - 19:36 | 4523351 LooseLee
LooseLee's picture

No different than the incursians into Vietnam, Afghanistan, Iraq, Libya, et al. Please WAKE UP and have INSIGHT into TRUTH...

Fri, 03/07/2014 - 20:06 | 4523440 thamnosma
thamnosma's picture

It's quite different actually.  Moreover, Vietnam was different from Libya.  They may all be bad, but they aren't the same things.

Fri, 03/07/2014 - 18:20 | 4523091 Freddie
Freddie's picture

Trading desks from Ikea?   Some stealth shell of GS running trades through some foreign entity to avoid???  Also these mysterious companies.  All BS.

Fri, 03/07/2014 - 18:24 | 4523102 astoriajoe
astoriajoe's picture

let's see, where's that leslie nielsen clip...

Fri, 03/07/2014 - 18:37 | 4523108 Urban Redneck
Urban Redneck's picture

For the math challenged -- the top 3 (of the many) trading firms in the sleepy oil rich Emirate of Geneva:

3.9 BILLION barrels of oil per year

or

almost 11 MILLION BARRELS PER DAY... (twice what Putin is exporting worldwide)

Fri, 03/07/2014 - 18:31 | 4523129 Atomizer
Atomizer's picture

My favorite Turd Ferguson acronyms:

 

  • FUBE
  • EE
  • FUBMs
  • LHSI
  • TITS
  • BLSBS
  • RSIs

The Wicked Witch and Ruprecht << video

http://www.tfmetalsreport.com/glossary

Enjoy….

Fri, 03/07/2014 - 18:31 | 4523139 Vint Slugs
Vint Slugs's picture

Is that the weekend Tyler?  Somehow I doubt that Ms. Masters is, "an affirmed commodities market manipulator".

Fri, 03/07/2014 - 18:36 | 4523158 f16hoser
f16hoser's picture

Nobody gives a Flying-Fuck about Blythe Masters. Let us know when she jumps off the 30th floor of the Ritz Hotel. Now that would be Entertainment at it's finest!

Fri, 03/07/2014 - 18:54 | 4523236 Urban Redneck
Urban Redneck's picture

That would be an interesting feat, as the Ritz doesn't have anywhere near 30 floors (either of them).

Sun, 03/16/2014 - 05:21 | 4554276 MeelionDollerBogus
MeelionDollerBogus's picture

You'd be amazed what can happen if you accidentally nailgun yourself into a passing helicopter which then attempts to airlift you to assistance, hits the altitude where 30 floors would be then accidentally trips its own flux capacitor, vanishes, leaving you 30 stories up.

Mighty shame that chain of accimadental coinkiekinks.

Fri, 03/07/2014 - 18:45 | 4523194 Atomizer
Atomizer's picture

Correction:

The talks with JP Morgue forced Mercuria to put another deal on hold.

Fri, 03/07/2014 - 18:57 | 4523241 ziggy59
ziggy59's picture

Blight (sp) will go on a public speaking tour, and write a book that even chiropractors will envy...

Manipulation for Dummies

Fri, 03/07/2014 - 19:03 | 4523259 RaceToTheBottom
RaceToTheBottom's picture

Smart Guys.  WS Scum dressing up with 3000$ suits is a good way to get hurt in the future.  COmpany car is probably a used pickup.  But the comp planes are sure to be WS excessive...

Fri, 03/07/2014 - 19:10 | 4523276 flysofree
flysofree's picture

 Cargill, Koch Industries, Mercuria and other privately held commodity firms make more money than all the investment banks put together.

Fri, 03/07/2014 - 19:19 | 4523291 All is chosen
All is chosen's picture

Poor Blythe, who can save her now she has stopped bragging about her charity work? That site went quiet a couple of years ago.

One assumes she is still alive? We see the same old pics, & read of rumours that shock & annoy, but has anyone seen her in motion in the last few years?

 

Fri, 03/07/2014 - 22:11 | 4523815 nathan1234
nathan1234's picture

Nothing Poor about her

She has made millions poor with her manipulations.

The Blythe Bitch needs to be droned

Sat, 03/08/2014 - 14:12 | 4525241 All is chosen
All is chosen's picture

Irony dear boy, irony. A few decades in the UK & you will get the idea :)

Fri, 03/07/2014 - 19:24 | 4523306 LooseLee
LooseLee's picture

I'm afraid that admitting one worked for GS may get you decapitated in the coming carnage.....

Fri, 03/07/2014 - 20:22 | 4523473 JailBanksters
JailBanksters's picture

I kinda visioned her doing the Wealth Creation Seminar circuit.

It's right up her alley, Fraud, Deceit, Deception and you can buy my book on the way out.

Fri, 03/07/2014 - 21:48 | 4523740 Kina
Kina's picture

I Can give her a job cleaning toilet paper. 

 

She has to lick it clean dry it then roll it up.

Fri, 03/07/2014 - 21:56 | 4523764 Kina
Kina's picture

haha Obama Hilary Israel put neo nazis In as Ukraine govt and then compare Russia to nazis?

The only entity acting as the Nazis did is in fact the USA.

 

Also shows how sick Israel is, willing to use and support neo Nazis

Sun, 03/16/2014 - 05:18 | 4554274 MeelionDollerBogus
MeelionDollerBogus's picture

under President Naziyahu the IDF, Mossad & politicians have been well-schooled acolytes of Hitler's ways and repeated as much as they can get away with.

Fri, 03/07/2014 - 22:06 | 4523791 americanspirit
americanspirit's picture

I understand that Uncle Warren has offered her a position - on her knees under his desk, to give his beloved Becky some well-deserved time off.

Fri, 03/07/2014 - 23:34 | 4524006 Downtoolong
Downtoolong's picture

It is amazing, that only several hundred people working in companies like Mercuria essentially control the commodity markets of the entire world. They all seem destined to become billionaires. At the same time, any one of them can blow up like Corzine and sink their ship along with the lifeboats of millions of other people.

Sat, 03/08/2014 - 00:25 | 4524195 Kelley
Kelley's picture

Why does the photo of the two 'partners' remind me of a Robert Smeigel SNL cartoon?

Sat, 03/08/2014 - 10:33 | 4524763 Last of the Mid...
Last of the Middle Class's picture

Partners? see where they stand on Keystone. That'll confirm or deny one major partner.

Sat, 03/08/2014 - 10:34 | 4524765 villainvomit
villainvomit's picture

From what I remember of the Bloomstein article.....Mercuria has ten employees and does one hundred billion a year. 

Ten employees....100 billion.  Think about it.

I am going to start wearing open collars and jeans......and maybe, just maybe a sweater.  And no....no way....fuck Blythe......way better looking whores out there that are much cheaper.

 

Sat, 03/08/2014 - 10:35 | 4524766 Last of the Mid...
Last of the Middle Class's picture

Score now ios KGB 2: ACORN 0' and we're not even at halftime yet.

Sat, 03/08/2014 - 19:34 | 4526078 Notarocketscientist
Notarocketscientist's picture

Do they also BLOW each other?

Sun, 03/09/2014 - 10:59 | 4527463 BigSpruce
BigSpruce's picture

Someday that arrogant prick with the porn star moustache, wearing a cosby sweater will lose that smug smirk. If not in this life - when the masses revolt - it will be in the next, when his Maker calls him to judgement.

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