Today, at LemetropoleCafe.com, I was honored to post an article titled "Will central banks cancel government debt?" by Gavin Davies .
Goldman "Hannibal Lecter" Sachs used to be the visible ringleader of The Gold Cartel. They have since disappeared from the gold price suppression scheme totally, at least as far as this eye can see.
But, from my perspective back way back when, referring to Goldman Sachs as "Hannibal Lecter" was being kind. They were relentless in their manipulation of the gold price encouraging the foolhardy, politically connected gold companies such as Barrick and AngloGold to hedge their forward gold sales.
How did that work out? Don McConvey, their hedging director, took a bullet for the team and was fired.
Barrick and AngloGold ended up taking something like $18 billion in futures losses when they decided to cover their Gold Cartel induced hedges. Nice, eh? Back then, not long after GATA was formed, we fumed at the stupidity and Gold Cartel complicity of these donkey brained hedges. GATA was mocked by the gold establishment forces for challenging the elites and their motives. BUT WE WERE SO RIGHT AND CONTINUE TO BE THAT RIGHT, even though The Gold Cartel and the US Government, have conspired to hire different hit men to carry out their nefarious operations as time goes by.
Back to England's Gavyn Davies and what I wrote in July of 1999 about Goldman Sachs and him...
GATA harbors no personal ill will towards Goldman Sachs, but the firm's name has surfaced not only in London but also everywhere GATA turns in our own investigation about the manipulation of the gold market. So consider this about Goldman Sachs:
*Former Treasury Secretary Robert Rubin, is a former Goldman Sachs CEO.
*Former N.Y. Fed Governor, Ed Corrigan is a senior partner at Goldman Sachs
*London based senior partner, Gavyn Davies, is Goldman Sach's international economist and has close ties to Tony Blair. Davies wife, Susan Nye, is chancellor of the exchequer's office manager.
*Dr Sushil Wadhwani, former Director of Equity Strategy at Goldman Sachs International (1991-95), sits on the Bank of England's Monetary Policy Committee. The committee's duties include determining the Bank's objectives and strategy, ensuring the effective discharge of the Bank's functions and ensuring the most efficient use of the Bank's resources.
*Jon Corzine former Goldman Sachs, CEO, has close ties to John Meriwether, chairman of Long Term Capital Management.
Former Fed vice chairman, David Mullins, was a partner in Long Term Capital Management, which, of course, was bailed out in part by Goldman Sachs.
*** Speaking of Goldman Sachs and Hannibal Lecter, something I referred to 13 years ago... can be there be too many others in the financial world that represent the most nauseating "Hannibal Lecter" than the above-mentioned Jon Corzine? He ruined and demoralized so many people's lives, not only while at Goldman Sachs (think African miners), but continued his voracious "Hannibal Lecter" appetite by ruining the lives of so many decent farmers in the Midwest as he stole their futures allocated money at MF Global.
This is so egregious! The pitiful thing is Jon Corzine is only one of a herd of a number of "Hannibal Lecters" out there, like JP Morgan. It is GATA's intention to make them known publicly before more innocents get devoured.
Unfortunately, you will see many more unnecessary decimation of those innocents if we are not successful!
Bill Murphy
LeMetropoleCafe.com
Chairman - Gold Anti-Trust Action Committee