PRX 0.00% 0.4¢ prodigy gold nl

These investment banks continue to be the bane of the world....

  1. 494 Posts.
    These investment banks continue to be the bane of the world.

    They Caused the GFC, lending to the un lendable (in any ones eyes), but took out default insurance (credit default swap) to make it ok.

    Wriggling around regulations to get the loan commission, then claiming insurance payouts, as the loans default.

    The Fed prints money and gives it to them to lend, in order to cause inflation so prices go up and investments seem to be getting ahead, but everything is relative to everything rising in price and with the enviable down turn, the bailed out banks are the sole winner.

    They play both sides of the fence at the same time, in the same company.

    There is plenty of evidence they manipulate and rig markets.

    I.E two US banks sold off 80 tonnes of gold in 10 minutes in NY, on Friday end of trading day.

    The only possible outcome of such an action is gold tanks - confidence in gold is undermined, those that sell first make money, those that sort after make money.

    How would two banks know to do that with such precise timing without collusion?

    They are banks that work for the bank.

    Whose CEOs then work in the government or central bank, advising how to fix the problem they caused.

    It is not surprising that the advice on how to fix the problem, is the same thing that caused the problem, with the total disregard for the public interest and such absolute power.

    These banks failed but got bailed out, by the "nation" (tax payer) who now own the debt and bad assets,
    and all on the advice of the ex CEO of the bank who now works in the FED or Gov.

    Paulson, Guytner, Bernake... supported by
    Lloyd Blankstien and other ex work mates etc... in the banks.

    Wake up Obama!

    Darwin's theory of survival of the fittest has gone out the window, the norm is now to perpetuate the financial genes of the failed species, on the advise of the failed species.

    The current answer to paying off un payoffable debit, is to just keep taking out more debt.

    Its a pondsey scheme, of global perportions.

    All of these bailed out investment banks should be nationalized, the bailout money and class actions resulting form investigations paid out.

    They should then be broken into separate business, so the same business cant do mergers and acquisitions as well as invest and trade lend.

    They should also not be able to deal in ETFs, precious metals currency at the same time, or set the precious metal price or hold enough to effect the global price.

    Suspicious inter banks sell offs, is akin to the fuel price at every service station being the same price. It would not happen without collusion.

    If investment banks sell 100 billion in exchange traded fund gold (paper gold), they should not have 10% of that gold in stock they should have 100%.

    Goldman was convicted of this, they claimed they had the Gold were checked, but only had a fraction, they said on the basis not everyone would want to have their physical gold at the same time.

    In other words they are telling investors the thing you purchased is there, while in fact they are at the casino gambling it away.

    With all of the fictitious gold being traded in ETF's it is very easy for investment banks to control the gold price, to drive investors back into equities (other shares) as they wish.

    Enough is enough!

    Go the regulator, maybe they could borrow some 0% rate money from the bank to investigate to the "N"th degree.
 
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