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Mass Protests Sweep Malaysian Capital As Anger At Goldman-Backed Slush Fund Boils Over
If we told you that thousands of protesters donning bright yellow shirts had taken to the streets to call for the ouster of a leader in an important emerging market, you’d be forgiven for thinking we were talking about Brazil, where President Dilma Rousseff is facing calls for impeachment amid allegations of fiscal book cooking and government corruption.
But on this particular weekend, you’d be wrong.
We’re actually talking about Malaysia, where tens of thousands of demonstrators poured into the streets of Kuala Lumpur on Saturday to call for the resignation of Prime Minister Najib Razak whose government has been accused of obstructing an investigation into how some $700 million from 1Malaysia Development Berhad mysteriously ended up in Najib’s personal bank account.
1MDB was set up by Najib six years ago and has been the subject of intense scrutiny for borrowing $11 billion to fund questionable acquisitions. $6.5 billion of that debt came from three bond deals underwritten by Goldman, whose Southeast Asia chairman Tim Leissner is married to hip hop mogul Russell Simmons’ ex-wife Kimora Lee who, in turn, is good friends with Najib’s controversial wife Rosmah Manso.
You really cannot make this stuff up.
What Goldman did, apparently, is arrange for three private placements, one for $3 billion and two for $1.75 billion each back in 2013 and 2012, respectively. Goldman bought the bonds for its own book at 90 cents on the dollar with plans to sell them later at a profit (more here from FT). Somewhere in all of this, $700 million allegedly landed in Najib’s bank account and the going theory is that 1MDB is simply a slush fund.
So you can see why some folks are upset, especially considering Rosmah has a habit of having, how shall we say, rich people problems, like being gouged $400 for a home visit by a personal hairstylist. Here’s The New York Times with more on the protests:
Tens of thousands of demonstrators in Malaysia defied police orders on Saturday, massing in the capital in a display of anger at the government of Prime Minister Najib Razak, who has been accused of corruption involving hundreds of millions of dollars.
The demonstration in central Kuala Lumpur, which has been planned for weeks, has been declared illegal by the Malaysian police, and the government on Friday went as far as to pass a decree banning the yellow clothing worn by the antigovernment protesters.
But the demonstrators, who represent a broad coalition of civic organizations in Malaysia, including prominent lawyers, asserted their right to protest on Saturday.
The government has acknowledged that Mr. Najib received the money in 2013 and said it was a donation from undisclosed Arab royalty.
One group of protesters on Saturday carried the image of a giant check in the amount of 2.6 billion ringgit, with a sign that read, “You really think we are stupid?”
The group organizing the protest goes by the name Bersih, which means clean in Malay.
Calls for Mr. Najib to resign have come both from within his party, which is divided, and from the opposition. One junior member of Mr. Najib’s party, the United Malays National Organization, filed a lawsuit against Mr. Najib on Friday asking for details of how the money was spent.
Of course the most prominent voice calling for Najib’s ouster is that of the former Prime Minister Mahathir Mohamad. "I don’t believe it is a donation. I don’t believe anybody would give [that much], whether an Arab, or anybody," he says.
Meanwhile, Malaysia is facing a re-run of the 1997/98 financial crisis as the ringgit plunges amid broad-based pressure on emerging markets. With FX reserves now sitting under $100 billion some fear a return to capital controls (let's just call it the "1998 option") is just around the corner despite the protestations of central bank chief Zeti Akhtar Aziz. Here's BofAML:
Capital controls are not likely, but the possibility cannot be dismissed, despite <assurances from Zeti. Introducing controls will be a regressive move and a huge setback, hurting the economy and financial sector, and derailing any ambitions of becoming an international Islamic financial center. Malaysia’s reputation and credibility remain tainted by the capital controls of 1998, even after almost two decades.
The ringgit has depreciated almost 13% year-to-date, the worst performing EM Asian currency. FX reserves fell to $94.5bn at mid-August, falling below the $100bn threshold and down by about $9bn in July alone. At the peak, FX reserves were $141bn in May 2013. Cover to short-term external debt is only 1x, while cover to imports stands at 5.9 months. Downside risks remain given looming Fed rate hikes, China's RMB devaluation and the political crisis over 1MDB. Malaysia's vulnerability is also heightened by high leverage (household, quasi-public and external) and a fragile fiscal position (heavy oil dependence, off balance sheet liabilities)
The current crisis has not reached the extreme stress seen during the Asian financial crisis, when draconian capital controls were eventually introduced in September 1998. During that episode, the ringgit collapsed by about 89% from peak to trough at its worst (to 4.71 from 2.49 against the USD). The ringgit has depreciated some 26% in the current crisis. During that episode, the KLCI fell by about 79% from peak to trough (from 1,271 to 263) at its worst. The KLCI today has fallen by only about 12% from its recent peak. Nevertheless, downside risks remain given looming Fed rate hikes, China’s RMB devaluation and the political crisis.
So in short, Malaysia is on the brink of political and financial crisis, and it looks as though the nuclear route (capital controls) may be just around the corner, which would of course only serve to alienate the country's financial system at a time when the government looks to be on the brink of collapse. What's particularly interesting here is the timing. Mahathir Mohamad famously clashed with George Soros during the '98 crisis, going so far as to brand the billionaire a "moron". Now that the country's "founding father" is looking to oust Najib, it will be interesting to see what role he plays in shaping Malaysia's response to the current financial crisis and on that note, we'll leave you with a quote from Dr. Mahathir ca. 1997:
"I know I am taking a big risk to suggest it, but I am saying that currency trading is unnecessary, unproductive and immoral. It should be stopped. It should be made illegal. We don't need currency trading. We need to buy money only when we want to finance real trade."
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Goldman needs to be broken up.
The mob needs to turn on Lloyd Blakefein. Cut the head of the snake off.
Pick up your pitchforks, you fuckers- just dressing in colorful pastels does not a revolution make....
This is why foreign aid never works for humanity reasons. Thats why Rand wants to end all foreign aid. He knows that it just goes to foreign dictators!
Tried and true method used for centuries by the 'Money Changers'. Bribe the leaders to enslave the people. Worked like a motherfucker in the USA.
It's easy to see how an old story about "throwing out the money changers" could develop a cult following. The problem with that story is that it's absolutely false.
GOLDMAN Sachs -- the ultimate moneychangers!
‘Goldman Sachs has engineered every major market manipulation since the Great Depression’
http://themillenniumreport.com/2015/07/goldman-sachs-has-engineered-ever...
Yes they are enslaving the population. 'Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants – but debt is the money of slaves.' Since every FRN is a debt note, anyone who uses the dollar is a slave to the banks that makeup the Federal Reserve.
I am trying to get out of personal debt (student loans). I am also trying to be more of a peasant and a gentleman. I often trade goods for other goods. I try to make bets and deals in silver.
I'm also trying to raise awareness on tyhe fed and spread silver to more people. I also sell candles with silver coin prizes (https://www.etsy.com/shop/ScentSavers?ref=hdr_shop_menu) in hopes that it will help people realize the value of real money. Many of my firends and family have started stacking because they have awakened to our terrible financial sytem.
And you are correct about the moneychangers! As we know Jesus was a peaceful man. The only people we got angry with was the moneychangers! That should show us how truely evil they are!!
"the going theory is that 1MDB is simply a slush fund."
1MDB? Is that you Million Dollar Bonus?
Another colored revolution brought to you by the western elites.
"I know I am taking a big risk to suggest it, but I am saying that currency trading is unnecessary, unproductive and immoral. It should be stopped. It should be made illegal. We don't need currency trading. We need to buy money only when we want to finance real trade."
This guy for US president or head of the NWO.
Maybe he'll get rid of all derivatives as it's all BS that steals from the productive sector of the economy.
Is it drawing too long a bow to suggest bribery - renegging - retaliation - MH370 - MH17...?
I used to feel that all the talk on ZH about taking out the pitchforks, hang the bankers from lampposts etc. was a bit over the top. However, I have come around to feel that the corruption of governments and politicians worldwide have become so egregious that I feel those culprits, cronies and profiteers should be dragged out to the market square and suffer the fate of Ghadaffi, the fate of the rulers during the French revolution etc.
As Samuel Johnson so eloquently stated: "A good hanging concentrates the mind".
The same kind of anti corruption demonstrations are happening right now in Guatemala. The previous president in Panama, Ricardo Martinelli was incredibly greedy and corrupt. Brazil has it's own mayor corruption stories. In Turkey and South Africa current presidents built themselves real Palaces etc, etc. All of those "Leaders" were democratically elected by the masses of misled voters.
Gee, I wish even $100 bucks would show up "mysteriously" in any of my accounts.
Exactly who is Goldman's "God" that they are working for?
http://www.cc.com/video-clips/d3hhgz/the-colbert-report-goldman-sachs-do...
Corruption, they name is "government". ALL governments are corrupt, by definition, the bigger they are, the more corrupt they are. You cannot use government to solve a corruption problem. That is like solving a debt problem with more borrowing.
The interesting thing about these anti-corruption rallies is that the proposed replacement leader (US funded natch) is usually more corrupt than the incumbent.
Perkins Stage II, I think.
"Is it drawing too long a bow to suggest bribery - renegging - retaliation - MH370 - MH17...? "
You forgot to mention that, in 2013, The Kuala Lumpur War Crimes Commission* held a tribunal charging Israel and General Amo Yaron with the crime of genocide and war crimes. The Zionists do not like being held to account.
* - the KLWCC looks at cases the Internation Criminal Court won't touch.
:::flutter:::flutter:::flutter:::
Don't look up
That Guye Fawkes sure gets around!
Reference?
The only reference I'm getting is that Million Dollar Bonus finally got his payoff.
1MDB, amiright?
And you know this... how?
hmmm...I've got news for you bible-thumpers. If the money-changers did get kicked out of the temple, they weren't gone long.
"I've got news for you bible-thumpers"
Well which is it, true or false? I await your wisdom oh angry one. It's alright, God and I don't get along all that well either. Hmm, my teenaged son and I don't either. Might be something there to chew on.
The money was obviously routed through banks and in this case through Singapore.
More colour is here:
Investigators Believe Money Flowed to Malaysian Leader Najib’s Accounts Amid 1MDB ProbeSingapore police freeze two bank accounts linked to 1MDB probe UPDATE 3-Singapore police freeze two bank accounts linked to 1MDB probe
Abu Dhabi is already getting nightmares... 1MDB mess gives Abu Dhabi state investor IPIC no good optionsThe BigDawgs usually get away with embezzling and money laundering millions while most gubmints chase dawn and haunt the little peeples for $10k to $50k that some poor sap tried to hide from their Leaders.
Alos, if I'm off 1 puny dollar on any payment, you can be sure the bank, cc company, etc will track thaty $1 dpown and go after me. Yet, somehow, these felons make off with millions and no one notices?
... or it is simply ignored by the bribed officials and banksters.
I knew of a doctor who was trying to hide a few thousand from his wife before their divorce. Poor guy; some [nasty, low down, traitorous bitch] woman in his office squealed on him and he incurred the wrath of a scorned women as well as the Eye-R-Us.
[All the decent good-hearted women on zh, pls forgive me for those vulgar comments above. However, I know no ZH gal would ever do something like this dastardly deed]
Not to worry, our man(boy) Obama is on the job eradicating slavery in Malaysia.
https://www.google.com/?gws_rd=ssl#q=obama%2Btpp%2Bmalaysia%2Bslavery
(Sarc)
Good, U.S next ...... I hope
Definition of foreign aid: When the rich in a rich country tax the poor to give money to the rich in a poor country.
Yes, that is called: 'hood robbin'.
Time to turn that around again...
Foreign aid is the transfer of money from poor people in rich countries to rich people in poor countries.
<< Foreign aid is the transfer of money from poor people in rich countries to rich people in poor countries. >>
... and then stashed away in some secret Swiss bank account.
My favorite was the billionaire Yassir Arafat. Anyone who says he is "of" or "for the people" is most likely the opposite. He/she is of/for himself and suckering the people.
Okay, I often enjoy being the contrarian at least to challenge the templates. Where is Goldman the actual bad guy here? I see the bonds for 90 cents on the dollar but I would buy them that way, too, if I could. Their currency depreciated 13% in one year. Seems about right. Now, I am not a trader and maybe there is something I am missing.
I am not saying Goldman is an angel but I do not see where it is doing anything we would not do like buying stuff at discount that the government offered it.
Here is the second part. Show me where this is not all about government, as usual. If Goldman got a steal, then government gave it to them. Where is that $700b? In a government leader's account, right? Yes, another "for the people" bullshit fund that gets directed to not just the wealthy, but the government or government connected. This is pretty much all of history and should not be a surprise to anyone except a statist-leftist who actually believes the BS that government people are more caring, smarter and more moral than free people. Only they should be surprised.
I am a libertarian currently and by the end of my life I may be a total anarchist. All I can see is how governments oppress, impoverish and even outright kill people. We can do the charity part ourselves...actually most anything.
It helps to hang the government thievees but it does not really help for long when you replace them with a new set of thieves. That is what most every country does.
From Freedom Guy
I am a libertarian currently and by the end of my life I may be a total anarchist. All I can see is how governments oppress, impoverish and even outright kill people. We can do the charity part ourselves...actually most anything
The libertarian view works in a non-money economy. In evolutionary terms, tribes of people were 80 or less, and tribe members just remembered who owed who what. When people give gifts to each other, that encourages gifting in return. Common survival also depended on each other.
Sheep herding and wandering cultures settled down for agriculture to grow barley primarily, as people wanted to get drunk and party. All of the giant stone structures from the past were beer parties and festivals, usually also including lots of meat to eat as sacrifices. All of the counting systems were related to 30 day lunar or yearly 12 month cycles (hence 12 inches to a foot, and 30/60s for time.)
Metal money came into being to represent ledger debts from the Temples. The religious class used to call the seasons and when to plant crops, but they grew to also over- see the large class of temple labor, who was making goods. Temple labor could be seen as a fore runner to welfare, as it was populated by widows and other laborers who did not own land.
These goods in order to trade to far flung cities needed a way to extend the ledger beyond barley exchange, and hence metal became so many barley weights, and later related to cows. Gold coins were one or two cows worth for centuries, and were measured by weight on a balance scale, where the weight would be grains of barley.
The invention of money, then disrupted credit/debt relations between people, and hence an element of dishonesty started creeping in. Rents can be taken in a money system fairly easily, especially by those who create it (bankers). Rents increase prices, so it is a hidden hand.
However, in a gifting goods society, where people gift their time and labor energy, those who are grifters or lazy, usually get shunned. If they are not shunned outright, they are kicked out.
Ironically, Libertarians are the first to call for privatization of money – it cannot be government controlled.
Yet, it is this privatization of money, first by the Temple priests, and now by banking priests, that allows money to be used to take rents.
Only the law, done in advance and with high agreement, has the potential to make money moral. A group of people will always sense immorality and will not allow it to be coded into their laws.
Any sort of calls to encode money’s attributes with “market mechanisms” or weight by metal is bad thinking, and brings about the very thing liberatarians are against. This thing we are against is encoded into our genes, the idea of fair play. That somehow government is always a bad agent is also bad thinking, especially if governments intend to stop bad actors.
It was the Malaysian government that stopped the financial shenanigans with FX controls, thus protecting their sheeple.
It is money that is the bad agent, and money needs repair. It is legal money that is the highest form and it should flux in accordance with volume and channeling needs.
Pride becomes before a fall, and humans are pride defectives. There are also psychopaths walking around, about 2 to 3 percent of the population.
Letting these types of people have their hands on private emissions of credit will be the undoing of civilization. 300,000 years of evolution coding certain groups toward fair dealing is undone by an inability of mankind to get control of money.
I say certain groups, because I’ve made claim, that former Temple priests are the fore runners of today’s Jewish problem. The money power is now in the hands of the ancient caravaneers and their thought constructs – these were the cast-outs, the pyschopaths, who were ejected from fair dealing Tribes, to then roam and become traders. This is not a priori reasoning on my part, it is well documented in the old literature. The actions of these people span thousands of years.
It is also known that Neanderthals were still wandering the regions, especially around the black sea area before it filled in after the fourth ice age. Cro Magnon man, his psychopathic outcasts then came into contact with the “thals” and a new type of man emerged – closely related to today’s Semites. This can also be confirmed with gene mapping and population/language statistics.
These new people with their facility with numbers were progenitors of and have high affinity for money. Thall caves are heavy with counting, and also bones are marked with thier counting. But, their caves have little to no art or “graven images.” Their gods are abstract, man in the sky, and do not accord females as part of the reproductive part of nature – hence females are oppressed, have their clit cut off, or their face covered.
So, in many ways, the money problem is a racial problem and an evolutionary problem. Whether you believe it or not, our favorite in-group is operating under a different set of wet-ware, and it is NOT LIBERTARIAN. Their mind control system can be accessed now in Kabala, or Talmud. Read it yourself…don’t take my word for it.
To them, libertarians are useful idiots, dupes – to be used, to then keep the private bank credit scheme or even metal by weight money systems going, as control and rent taking means. What began in Babylon is still with us.
The only useful idiot here is you, who constantly advocates for a "sovereign money-topia" controlled by a government so large that it makes Emperor Palpatine's regime look like a Boy Scout jamboree.
How many goons with badges and guns will be needed in your top-down, monolithic power structure to ensure that the "law" is "moral"?
Criticisms of Libertarians are interesting. No one can call us oppressive because there is no real control or ability to oppress in the ideology. Most criticisms come in the range of being impractical or sort of useful idiots and dupes for some other oppressor.
The idea that libertarians favor one monetary idea over another is false. There are gold-bugs, 100% reserve and mostly Austrian School economic and monetary theories. However, the bottom line is the ability to develop any form of exchange you wish. If you love bitcoin, go for it. If you want solid gold pieces, go for it. If six or seven banks issue some sort of fractional reserve currency, cool. Innovation will provide the best answer. The sheep mentality is to think government is the only source of any currency or even rules of trade. How many companies, banks or individuals would do a Zimbabwe currency? ONLY an oppressive government would do that. If Walmart Bank had issued such a piece of monetary garbage it would be bankrupt with lawsuits. Only governments give the ability to impose the stupidity of a few onto the entire captive population. It is done through the police powers and fake immoral laws.
The other idea is that libertarians are passive in the face of oppression and we would all get fooled by the Jewish Banker World Domination Mind Control conspiracy. That is the opposite of the truth. First, no conspiracy can survive without either the power of government of the use of force/coercion. Libertarians are well armed and it is okay to organize for mutual protection. It is okay to use law for punishment and recompense, too. However, the police force works for the public, not the mayor, or President.
There are myths about what money is and what it represents. If I ever go back to college, which is appealing, at times, my economic theses would be two, "The Power of Voluntary Exchange versus Involuntary" and "Money as a Receipt for Work".
@FreedomGuy
Your comment is based on a premise that Goldman is responding to policies initiated outside of their control. They are among those creating these deals, not just the lucky bystander who picks up the fallen $20.
I am not actually asserting that. I am asserting Goldman looks the world over for good deals. If governments give them to them preferentially or not, they are not doing anything different from anyone else. This fund might have been part of a public relations campaign to "give back" (a stupid term) or to look charitable in a third world country. I am not sure from the article.
My main point is the core, central, critical problem is the damned government. It is always the damned government. Even if Sachs is dishonest it really cannot steal taxpayer monies and cut in anyone else without the help of govenment. Governments hide behind a facade of law, police and the only legitimate or authorized uses of force. That allows them to fleece everyone including Sachs, if they wish.
Minimalist government solves all these problems.
Maybe in a couple hundred more years and some economic disasters we will begin to realize or remember that.
"If they wish" to bite the hand that feeds them
No body says Arafat was perfect.Why the outrage? member of the tribe?
Foreign aid.....mmmm....Do you mean USAID ? The NGO revolutionary party ? Define please.
foreign aid: 'from the poor people in the rich countries to the rich people in the poor countries'...
i see flankspeed already posted that...
You fucked up...You trusted us.....
goldman, hip hop niggers and allah worshipping wogs; what could possibly go wrong?
@jkaz the troll in support of this farce. TERRORIST IDIOT !!!
And what have you done lately?
Agreed but they are doing more than Americans or Europeans being raped by Goldman Sachs. BTW- Ted Cruz wife works for Goldman or did work them. Fat retard Jeb worked for Lehman.
The Dems, Clintons and Obola are even worse.
Fat retard Juan Ellis Bush worked for Lehman as governor, then took his payday. - Ned
I think if you cut off the head, two more appear.
{Hail Hydra!}
my first junk!
first of many
If you are not junked once in a while, you are not worthy of being here...that is all. ;)
Kinda' the way you know you're alive. Like my first wife ...
Somebody gave you some balls and a unit?
Best we keep chopping then, till nothing grows. Then burn the shit out of terrorist USSA that is controlled by izraHELL!!! Leave izrahell to their own defence, and watch them disappear real fast ! They will get a real holocaust instead of the fake one they invented to ween money of you stupid ignorant and uneducated vampires !!!
I agree. But be clear that leaving Israel to their own defense will likely lead to a glowing pile of glass in large parts of that region for thousands of years. Israel will use their nukes. The zionists are a far too spoiled bunch of brats not to. Sick, sick people.
If Goldman is broken up, we will have Gold man.....sorry, cant help it.
Gold man sacks.
No. Goldman, and every current and former senior executive or partner of the firm, need to be terminated with extreme prejudice. And the distribution of the firm's ill gotten gains needs to clawed back from them and their families and estates.
No one loses USD 700M under the "couch cushions" in the mist of deal deal.
All drone=dropped onto Alcatraz to feast on each other whilst being monitored under the watchful eye of armed drones
Off with they heads!
Globally, it's ALL about funding the prolonged Palestinian Holocaust until they're gone...the truth from a high-placed Jew:
https://www.youtube.com/watch?v=x8OmxI2AYV8
Goldman Sachs is the new House of Rothschild.
Bone chilling. Though properly refer to them as Zionists. The issue is not with the Jewish people themselves, but with an increasingly racist ideology which they have come to adhere to.
The officers need to stand trial .
Guillotine Goldman. Piss on the heads.
Zion is a scheme, not and ethnicity..
Oh, I finally get what MDB stands for...
This article has more detail about the money flow.
http://www.sarawakreport.org/2015/08/pms-anonymous-donation-was-transfer...
About $680 million was transferred from an account possibly connected with Adu Dhabi company Aabar to the President's personal account. A few months later $650 million was transferred back from the President's account to the original sender's account. So, the President did not receive $700 million, it was only about $30 million (ignoring any presumed interest for the short period when the full amount was present).
$30 million? What would that buy? A handful of congress critters? He's lost everything for chickenfeed. He should also sack which ever advisor told him it was OK to use his personal account for this. Sheesh.
Goldman is a cancer. Cancer must be destroyed or else it will destroy you
If you read the article it's actually Leisner and his wife Kimora.
that tramps pussy sure makes the rounds? it is a cash magnet! really, she has to have more std's than a public gyno ward.
Nah, that's Asa Akira. She's teaching em all about 'going Greek'. ;)
Anyone know the Malay word for 'rathole'?
The Malay word for 'rathole' is 'Lubang Tikus'
The cancer will keep taking from the host getting stronger until the host dies, just like GS. They create nothing. They take money from "A" put it in "B" and take a % for themseves because the laws they paid for allow them to do it legally. All the while having created nothing but wealth for themselves and hardship the counter party. Shoot them! Nothing but a group of legalized criminals
+1,000
Could not have said it better. Thanks.
~ Tarjan
On Goldman - Welcome to Barackistan. Get used to it.
Perhaps later in this century, there'll be another Gibbons to write about the decline and fall of the nation-state.
Does MDB stand for Million Dollar Bonus? just wondering.
PM needs to stay away from fashion shows in nyc
Here are some of former Prime Minister Mahathir Mohamad's thoughts on the tribe on his blog.
http://chedet.cc/?p=1425#more-1425
Thailand arrests blast perp
http://www.reuters.com/article/2015/08/29/us-thailand-blast-idUSKCN0QY07...
Police raided a four-floor budget apartment in a suburb of the capital and found fake passports and bomb-making materials possibly used in the Aug. 17 attack at a Hindu shrine that killed 20 people and shook Bangkok's bustling commercial heart.
The suspect was a 28-year-old foreigner who had been in Thailand since January last year and was being held at a military facility on initial charges of possessing illegal explosives, police said.
"It's unlikely to be terrorism. It's not an international terrorist act," Police chief Somyot Pumpanmuang told a news conference.
Somyot did not explain how police had come to that conclusion, but said the motive was "taking personal revenge for his comrades". He did not elaborate.
=========
http://phuketwan.com/tourism/thailands-army-arrests-nine-israelis-raid-p...
No one epitomizes the criminality of the banking cartel better than Goldman. No wonder that our finest criminal, Blanfein, is a billionaire.
Bloomturd has already begun to float Skankfein for public office following his upcoming triumphant departure from Goldsucking Sacks
Goddam Suckers behind this criminal activity? What a non surprise!
I'm sure ZH readers are familiar, but it's still an article, at least in my most humble opinion, that merits the occasional re-skim.
And one of the best opening salvos I've read:
"The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money. In fact, the history of the recent financial crisis, which doubles as a history of the rapid decline and fall of the suddenly swindled dry American empire, reads like a Who's Who of Goldman Sachs graduates."
http://www.rollingstone.com/politics/news/the-great-american-bubble-mach...
Goldman Sachs is a front for Rothschild.
Rothschild is the financial arm of "the real Anti-Christ" "engine for enslaving mankind" we came to America to escape in covenant with God - Isaiah's actual true and prophesied "Israel" (for those who bother to read the several interlocking signs given and geographical indices supplied).
We Americans "of all nations of the world" are being gaslighted to again be enslaved and killed by the same satanic Talmud Khazar/papist faction which together impaled tens of thousands of Christs and Immanuel, God Incarnate, for twice denying Caesar was the Creator of the universe (viz. "sedition" under codified Roman law).
"Talmud Khazar/papist faction"?
Oh do go on....
In America people ask the government for permits to have a demonstration.
So? Thats what any good, law-abiding, patriotic sheep would do.
/sarc If needed.
I think the PM needs to talk to Hunter Biden..he can help you with excuse explanations...maybe the Russians hacked your bank account and moved the money there without your knowledge...
Hahaha !
The squid is doing a "Greece" on Malaysia.
You will probably find there is a Squid "tarantula" served as foodie to the people of a whole bunch of EM nations. Eat it and die of poison. But what a meal before you go. It has all the promise of a three star restaurant. Only the Squid knows how to package a toxic tarantula swimming in derivative sauce; awesome spicy ketchup; served on gold plated tableware.
Oh the Squid.
We need a Capt. Nemo to cut off its tentacles.
blame game BS for their woes
Try reading "Confessions of an Economic Hitman" and then dispute the truth...
Try reading "Confessions of an Economic Hitman" and then dispute the truth...
Facts are boring. Moarrr reality TV...Moarrrr Sports......Moaaaar Porn....Moaaaaaaar iGadgets.
http://en.wikipedia.org/wiki/East_Asia_Summit
Note: wikipedia is a quick ref. start:; The 1st EAS summit ironically was held in Kuala Lumpur, Malaysia, Dec. 14, 2005 (nearing a decade? are you surprised!!!)
This was the plan of decades ago? Think or thunk, ASEAN--
http://en.wikipedia.org/wiki/ASEAN
If you've got the tyme... read: 'The Curse of Geography'.
This Goldman Sachs imitator in China is trying to outdo the real Goldman Sachs. Eat your heart Goldman, if you have one, hahaha!...See link.
http://economictimes.indiatimes.com/news/international/business/chinas-l...
The old saying used to be "Follow the Money".
The new saying is "Follow the Golman-Sachs".
Yet another wonderful example for all to see of Goldman's many growing cancerous successes!... Looks like Intel and Cisco will have to find another grazing area for their factories if this climate doesn't change...
In honor of the "Papaya Revolution" I would expect nothing less than Kimora and Rosmah wearing the Princesss Leia/Tymoshenko "Do"!
Ahhhh yes, the season for tyrannicide is nigh. It would make some great video to see the people uphold justice (instead of JustUs) for a change. Too bad they don't have Blankfein cornered with Najib for an event that would really get the attention of the global fascist elite.
Do I see a pattern here? Women PM in Brazil and Malaysia, and riots?
Here's hoping Hillary's time has come.
Najib Razak is a man.
A picture may be worth a thousand words but sometimes it is better to read the words.
In that case, Trump is our man. He's the one with the hot wife and daughter.
Your errant misogyny and inability to see that Trump is the American Najib in waiting is ample proof of your stupidity; you needn't provide further evidence.
Prison or death.
Put death on the second line and let's make it a poll
Fools, everyone knows if you plan to loot money from the government coffers you write an auto-biography, mandate every governmental office to buy a few million copies each which can be stored in warehouse or given away to people for free. You can replicate this process if you need to raise money from special interest groups.
the entire squid is a slush fund. it's what they do.
[Cut to image of fattened Greek muppet with apple in its mouth]
I've said it before. These countries need to send in their special forces to rendition the GS executives, put them on trial and execute them for crimes against humanity. All this shite would cease.
Lloyd Blakefein & the boyz of Banksters Inc. Sit back and laugh their asses off over these little peasant uprisings. It's a form of entertainment for them.
However if the peasants get to uppity they will be arrested, or perhaps just shot down.
Same thing would happen here in the USSA if the serfs ever decided to rise up against their maters.
Ahhhhh,,, the answer to my question posted a few minutes ago. Thank you.
Nope. The serfs will ries up when the money stops spending. That includes the people who would be ordered to shoot them down. Loss of purchasing power of the dollar will trigger the unrest. The military, police and alphabet soup agencies are all paid in dollars. Major false flag will produce the same result.
The toothless mob has its origins in the US.
I like to think that if Project Mayhem were real, an electro magnetic pulse device would find its way to Goldman's servers.
Alas - we are a nation of big talkers who don't do a damned thing.
And I include myself in this - I suck, too.
Wonder what it's like to live in countries that actually protest governmnet corruption?
Do said country/countries exist?
WWIII the world war against Lloyd Blankfein.
Yup, that must be our plane. Kaching.
get used to this headline, there's probably a dozen more to come, we've seen it for months now with Greece.
one commenter hit the nail on the head, these cia out-post countries, along with gs bought politicians, the citizens will pay with every asset including their lives.
america is going through the same scenario.
"I don't understand - just yesterday I went to the ATM and I only had $23.41 in my account - THEN - JUST THIS MORNING - this shit happens!?"
we'll leave you with a quote from Dr. Mahathir ca. 1997:
Could they be more clueless about what money is? Money is a promise to complete a trade. It is created by traders getting their trading promises certified. It is destroyed by those traders delivering on their promises and returning the certificates. In the mean time, the certificates circulate as the most universally valued object of simple barter trade. They enable simple barter trades over time and space.
Now, dissecting the ridiculous statements that are the subject of this reply:
"I know I am taking a big risk to suggest it": As is evident, the risk is his exposing he is obviously a moron. How much did he pay for that PhD and who in the world awarded it to him?
"I am saying that currency trading is unnecessary: " That's saying "money is unnecessary". For different Mediums of Exchange (MOE), if they have a properly managed process, the exchange rate "never" changes.
"It should be stopped. It should be made illegal.": Oh really? This is saying "trade between different Mediums of Exchange should be banned". Ridiculous on its face.
"We need to buy money only when we want to finance real trade.": All money "is" real trade. It is created by traders ... always has been ... always will be. You don't "buy" money. You trade with it. It enables simple barter trade over time and space. Properly managed it never loses value; it is always in free supply; supply and demand for it is in perfect balance; the cost to responsible traders of creating it is zero ... all the time and everywhere.
What should be made illegal is not fiat currency trading, but fiat currency.
What should be made illegal is not fiat currency trading, but fiat currency.
I know there is no such thing as "fiat currency" so I would have difficulty explaining what it is to my 8 year old grand daughter.
But you, who believe there is such a thing, ... could you explain it to me so I can explain it to her?
If it's just another word for "counterfeit", that will work ... but then it begs the questions ... What is fiat currency trading? Why would one be allowed but not the other?
You are a moron unworthy of a lengthy response. In a moral world money would have immutable value. EOS.
You are a moron unworthy of a lengthy response.
So try a short one. If morons can't understand you, you need to simplify further. And nothing elegant requires a lengthy response.
What I'm really seeing is typical Mises Monk behavior. You quote scripture but have no clue what it means.
Excellent post, thanks. I wonder if those down voters of yours have any clue about anything? Will they perhaps reveal their reasons?
You must be new here.
withglee is a complete moonbat with a pet theory, nothing more.
Ask him (or look into his old posts) about how "money" along his theory can also be destroyed by not fulfilling the promise(s) and who should carry those losses.
I only commented about his specific post of today.
Ask him (or look into his old posts) about how "money" along his theory can also be destroyed by not fulfilling the promise(s) and who should carry those losses.
It's not a theory. It's an obvious fact. Copernicus wasn't stating a theory either.
malek is not paying attention. If you don't fulfill a promise, you default. If you default, the certificate representing that promise continues to circulate ... and devalues all the other promises circulating. We know that as inflation ... and the proper value for inflation is zero.
So a proper process, upon detecting a default, immediately makes an equal interest collection. That's how the proper level of interest is determined. It's not determined by elites licking their fingers and holding them up twice a day in the LIBOR room.
From this statement (and malek is correct ... I've made it over and over again and he still doesn't get it), it's obvious that the "interest payers" carry those loses ... and until defaulters make up their defaults, they are interest payers.
Who are the interest payers? Well, they're those who have a propensity to default. Reliable traders enjoy zero interest loads.
A very similar model we've used for centuries is the mutual insurance company model, where the whole pool of insured share the risk, but those with higher risks pay higher premiums. Do you think that's a theory too maleik?
malek ... get a clue!
Yes, I got it long ago that your cover defaults by raising interest rates for everyone (however that should done practically) is a nicely disguised strain of socialism.
but those with higher risks
And magically out of nothing a neutral, objective instance who can measure those risks (in advance) appears!
Your pet theory is no better than what Krugman preaches daily to his followers.
I didn't downvote you or the OP, but the real bills doctrine hidden within that screed doesn't even work within a single country, much less across borders. That the financialization of mediums of exchange is to trade's detriment is simple to see, but you needn't throw out the baby with the bathwater and embrace pagan ritual as a result.
the real bills doctrine hidden within that screed doesn't even work within a single country, much less across borders.
And just what is the "real bills doctrine hidden within that screed"?
And what is the screed you refer to?
the real bills doctrine hidden within that screed doesn't even work within a single country, much less across borders.
And just what is the "real bills doctrine hidden within that screed"?
And what is the screed you refer to?
So being a Prime Minister in Malaysia puts you in a league where you can borrow $11 billion? That's probably more than being Prime Minster of Russia?
Can Obama borrow even a billion? Even Clintons could only muster a fraction of that and that with Hillary being the next President and having stellar relations with Goldman.
Just because vast Clinton Slush Funds haven't been publicly revealed doesn't mean that they do not exist.
Sadly enough I've actually had personal experience with Kimora Lee.
Kimora Lee is to backstabbing gold-diggers what Goldman Sachs is to investment banks.
The only other women I have ever been around that exhibited such naked avarice and disdain for others was Martha Stewart -and none other than Hillary Clinton.
Top predators these...
Obama has borrowed 8 trillion plus to run his lordships kingdom.
u mean in some countries they still protest against GOV't corruption? That's whet not havin free internet porn will get you.
Globally, its coming off the rails. It can't be restabilized. Its coming down, and in the investor community, everybody knows that everybody knows.
nah i dont think so..not even by a long shot...even if it were coming off the rails globally the creditors will win. the house ALWAYS wins
Goldman needs to hand out millions to all Americans. Minimum of $10 million be person would be a good start.
Foreign corrupt squid practices?
In summary, Prime Minister Najib Razak loaded up the Malaysian taxpayers with 6.5B USD in debt so that he could get a personal bribe of 700M from Goldman Sachs as a thank-you for the deal.
Note that the the story says Goldman got the bonds for 90%, that is Goldman only gave out 5.85B in funds for the bonds that had par value of 6.5B. The par value is of course the amount that Malaysia has to pay back.
Next step: Waste the 1MDB money on bad infrastructure projects contracted to cronies, then have a big financial criis, and then bail out Goldman via IMF. Then have IMF take over the Malaysian collateral at firesale valuations, again screwing over the Malaysian taxpayer that now has lost the ownership of their original infrastructure, pre 1MDB.
This is called Globalism.
These people have no nation.
Nations, like corporations, are just vehicles or conduits for their activities.
..& No, it really isn't that complicated a process to loot a whole nation via administrative corruption and international debt pyramiding.
ding ding ding! we have a winner ladies and gentlemen, see everyone on the credit chain wins, heal you can probably get some nice malaysian condoes/villas on the cheap....like greece
Exactly. Bribe the politicians to take on too much debt, get some of it back as interest and much more from the asset stripping when the debt goes bad - just like Greece (and everywhere else).
Remember when the people of Bolivia were told that Bechtel owned the rain water? They filled the streets and some of their martial law politicians and Bechtel right out of the country and it was absolutely epic.
"In a June, 1999 report, the World Bank stated, "No subsidies should be given to ameliorate the increase in water tariffs in Cochabamba," arguing that all water users including the very poor should receive bills reflecting the full cost of a proposed expansion of the local water system"
"It has been one hell of a week here. The CDAV, led by 45-year-old machinist Oscar Olivera, has kicked the Bechtel Corporation out of Bolivia! (I'd like to see a consumer revolt in my home state of California match that!) The people stood up to President Banzer and martial law. I am in awe at what we were able to accomplish together, all across the globe, using the Internet. Hacking away at this keyboard in a corner of the Andes that few people in other places ever think about, we sent the news of what happened here out to many thousands of people around the world. In a matter of hours, we transformed the Bechtel Corporation from "the invisible hand behind the scenes" to a corporation right smack on the hot seat."
NEWS_FLASH:: sorry, but, Becky is a ussa SOEs