Infinite Unknown

- Which Country’s Gold Will Be Sold Next? (ZeroHedge, April 15, 2013):

The first time the Status Quo/Troika tried to force a (not so) stealthy gold confiscation on an insolvent European country was back in early 2012, when as part of the most recent Greek bailout MOU, it was disclosed that “Greece’s lenders will have the right to seize the gold reserves in the Bank of Greece under the terms of the new deal.” However, the public outcry was so loud that the Troika had no choice but to shelve its plans and proceed with a full scale bondholder restructuring instead. Fast forward to last week, when Europe’s appetite for physical gold came back with a bang, this time as part of the Cyprus “Debt Sustainability Analysis“, and subsequent comments from Mario Draghi, demanding that tiny Cyprus, whose opposition, already weakened by the confiscation of uninsured deposits would be far less vocal than Greece’s, sell off €400MM, or virtually all of its sovereign gold, over 10 of its 13.9 total tons, to cover the excess costs of its ever ballooning sovereign bailout. Continue reading »

Tags: Bailout, Cyprus, ECB, Economy, EU, Europe, Gold, Goldman Sachs, Greece, Mario Draghi

Don’t miss!

- Ex-Soros Advisor Sells “Almost All” Japan Holdings, Shorts Bonds; Sees Market Crash, Default And Hyperinflation (ZeroHedge, April 14, 2013):

Previously, we have pointed out why Japan’s attempt at reincarnating its economy, geared solely at generating a stock market-based “wealth effect”, and far less focused on boosting the country’s trade surplus or current account, is doomed to failure, namely due the drastically lower equity participation by the general population and financial institutions in the country’s stock market. Sure, foreign investors will come and go renting each rally for a period of time, but unless the local population participates in the “reflation attempt” (which has already sent the price of luxury goods, energy and food through the rood), or in other words change the behavioral patterns of two generations of Japanese in under two years, the inflationary shock will simply leads to a loss of faith in the government and ultimately Abe’s second untimely demise. Not surprisingly, 4 months after Japan set off on the most ludicrous economic experiment in history, and one week after the BOJ announced its plans to double its balance sheet, Abe’s approval rating has already begun sliding with a poll by Asahi just reporting that popular support of Abe’s cabinet is already down to 60%, down from 71% a month ago. Continue reading »

Tags: Bank of Japan, Bonds, Collapse, Debt, Economy, George Soros, Goldman Sachs, Government, Japan, Politics, Quantitative Easing, Shinzo Abe, Stock Market

See also:

- Goldman Sachs Buying Gold, Selling Treasurys To Muppets Whom It Advises To Do Opposite

- Goldman Made $400 Million Betting On Food Prices In 2012 While Hundreds Of Millions Starved

- Goldman Sachs Bet Against Entire European Nations – Who Were Clients – the Same Way It Bet Against Its Subprime Mortgage Clients

- Matt Taibbi: The People vs. Goldman Sachs (Rolling Stone)

Lloyd Blankfein ‘doing God’s work‘!

- Lloyd Blankfein’s $21m haul makes him the world’s best paid banker (Guardian, April 12, 2013):

Goldman Sachs paid its chief executive, Lloyd Blankfein, $21m last year – and granted him a further $5m in bonus shares in January.

The Wall Street bank handed Blankfein $13.3m (£8.7m) in restricted shares and a $5.7m cash bonus on top of his $2m annual salary last year.

His total 2012 pay was $9m more than in 2011, and the highest since the $68m he received in 2007, before the financial crisis struck.

Continue reading »

Tags: Banking, Global News, Goldman Sachs, Lloyd Blankfein, U.S.

Today:

And so it begins …

Related info:

- DHS Insider: ‘There Won’t Be Any Meaningful Deal About The Fiscal Crisis. This Is Planned … The Coming Collapse Of The U.S. Dollar Is A Done Deal.’

DH: How soon do you see things taking place?

RB: They already are in motion. If you’re looking for a date I can’t tell you. Remember, the objectives are the same, but plans, well, they adapt. They exploit. Watch how this fiscal cliff thing plays out. This is the run-up to the next big economic event.

I can’t give you a date. I can tell you to watch things this spring. Start with the inauguration and go from there. Watch the metals, when they dip. It will be a good indication that things are about to happen. I got that little tidbit from my friend at [REDACTED].

- Hedge Fund Manager Kyle Bass: Senior Obama Administration Official Said: ‘We’re Just Going To Kill The Dollar’ (Video)

- Goldman Sachs Buying Gold, Selling Treasurys To Muppets Whom It Advises To Do Opposite (April 10, 2013):

- Why Are The Banksters Telling Us To Sell Our Gold When They Are Hoarding Gold Like Crazy? (Economic Collapse, April 10, 2013):

The big banks are breathlessly proclaiming that now is the time to sell your gold.  They are warning that we have now entered a “bear market” for gold and that the price of gold will continue to decline for the rest of the year.  So should we believe them?  Well, their warnings might be more credible if the central banks of the world were not hoarding gold like crazy.  During 2012, central bank gold buying was at the highest level that we have seen in almost 50 years.  Meanwhile, insider buying of gold stocks has now reached multi-year highs and the U.S. Mint cannot even keep up with the insatiable demand for silver eagle coins.  So what in the world is actually going on here?  Right now, the central banks of the world are indulging in a money printing binge that reminds many of what happened during the early days of the Weimar Republic.  When you flood the financial system with paper money, that is eventually going to cause the prices for hard assets to go up dramatically.  Could it be possible that the banksters are trying to drive down the price of both gold and silver so that they can gobble it up cheaply?  Do they want to be the ones sitting on all of the “real money” once the paper money bubble that we are living in finally bursts?

Over the past few weeks, nearly every major newspaper in the world has run at least one story telling people that it is time to sell their gold.  For example, the following is from a recent Wall Street Journal article entitled “Goldman Sachs Turns Bearish on Gold“… Continue reading »

Tags: Banking, COMEX, Cyprus, Economy, Global News, Gold, Goldman Sachs, JPMorgan, precious metals, Silver

- Goldman Buying Gold, Selling Treasurys To Muppets Whom It Advises To Do Opposite (ZeroHedge, April 10, 2013):

There was a brief period of confusion for a while when Goldman didn’t have clear muppet-stomping trades on the book, and those who wished to frontrun the Goldman prop desk (and do the opposite of the muppet flow) were stuck furiously scratching their head. And granted while it’s not a “Stolper”, tonight we got two gifts (in the parlance of Whitney Tilson) with Goldman first telling its clients to sell gold following Goldman’s lowering of its price target for the yellow metal (which as always means the hedge fund known as Goldman is buying what its clients are selling). And then, moments ago, we also learned that Goldman is also selling the 10 Year, which it advise muppets to buy.

First on gold: Continue reading »

Tags: Banking, Bonds, Economy, Global News, Gold, Goldman Sachs, U.S.

YouTube Added: 19.03.2013

Tags: Alex Jones, Bank of England, Banking, Cyprus, Dictatorship, ECB, EU, Europe, Fascism, Gerald Celente, Global News, Goldman Sachs, Government, Henry Paulson, Mario Draghi, Mark Carney, New World Order, Robert Rubin

- Gold And Silver Inverse Slamdown (ZeroHedge, Feb 26, 2013):

It would appear that someone tripped and flipped the algo switch this morning as the ubiquitous morning slamdown has morphed into a take-off. Perhaps it is no coincidence that every Muppet’s favorite banker (cough Goldman Sachs cough) opined on Gold’s coming weakness yesterday and that hedge funds are the least exposed to the precious metals on record, which as everyone BUT Goldman knows, is the traditional signal that it is a time to buy. Actually we take that back: Goldman certainly knew it, which is why it has been urgently advising its clients to sell… To Goldman.

Tags: Economy, Gold, Goldman Sachs, Silver

- America’s TBTF Bank Subsidy From Taxpayers: $83 Billion Per Year (ZeroHedge, Feb 20, 2013):

Day after day, whenever anyone challenges the TBTF banks’ scale, they are slammed down with a mutually assured destruction message that limitations would impair profitability and weaken the country’s position in global finance. So what if you were to discover, based on Bloomberg’s calculations, that the largest banks aren’t really profitable at all? What if the billions of dollars they allegedly earn for their shareholders were almost entirely a gift from U.S. taxpayers? The stunning truth is that the top-five banks account for $64 billion of an implicit subsidy based on the ludicrous (but entirely real) logic that: The banks that are potentially the most dangerous can borrow at lower rates, because creditors perceive them as too big to fail. Perhaps this realization will increase shareholder demands – or even political furore? The market discipline might not please executives, but it would certainly be an improvement over paying banks to put us in danger. Continue reading »

Tags: Bank of America, Banking, Barack Obama, Citigroup, Economy, Global News, Goldman Sachs, Government, JPMorgan, Obama administration, Politics, Taxpayers, U.S., Wells Fargo

- Why Should Taxpayers Give Big Banks $83 Billion a Year? (Bloomberg, Feb 20, 2013):

On television, in interviews and in meetings with investors, executives of the biggest U.S. banks — notably JPMorgan Chase & Co. Chief Executive Jamie Dimon — make the case that size is a competitive advantage. It helps them lower costs and vie for customers on an international scale. Limiting it, they warn, would impair profitability and weaken the country’s position in global finance.

So what if we told you that, by our calculations, the largest U.S. banks aren’t really profitable at all? What if the billions of dollars they allegedly earn for their shareholders were almost entirely a gift from U.S. taxpayers?

Continue reading »

Tags: Bank of America, Banking, Citigroup, Economy, Global News, Goldman Sachs, JPMorgan, Politics, Taxpayers, Wells Fargo

- Goldman Implicated In Heinz Insider Trading Probe (ZeroHedge, Feb 15, 2013):

When the news broke of the SEC’s action against the HNZ call option insider traders, and we posted the full SEC charge against the perpetrators whose actions Zero Hedge reported on first, we asked this regarding one of the entities named: “the trade occurred through an “omnibus account located in Zurich, Switzerland in the name of GS Bank IC Buy Open List Options GS & Co c/o Zurich Office (the “GS Account”).” Does GS stand for Goldman Sachs one wonders?” This followed our prior post, rhetorically titled “Guess Who Was Buying HNZ Stock From Its Clients“, with the answer of course being Goldman Sachs, which had had HNZ stock at a Sell rating for months, and which just days before reiterated its negative sentiment. But for the most part the post was written in jest. Turns out the joke was on everyone else, because just as we feared, or rather knew, Goldman was indeed implicated all along.

From Reuters:

Goldman Sachs Group Inc is cooperating with a U.S. Securities and Exchange Commission probe into insider options trading in H.J. Heinz Co before the food company announced it was being acquired, Goldman said on Friday.

Earlier in the day, the SEC filed suit against unknown traders using an account in Switzerland to buy options in Heinz before the company was purchased. The SEC suit does not explicitly name Goldman Sachs but refers to the account in Switzerland as the “GS Account.”

While none of this is surprising, we do find it curious that from “Vampire Squid”, Goldman Sachs has now metastasized into “he who must not be named.”

Tags: Banking, Economy, Global News, Goldman Sachs, Insider Trading, SEC