Park Life

Gay?

How Goldman Sachs Screwed Ghana Print Black Cat GhanaWeb Wed, 21 Apr 2010 02:00 EDT Goldman Sachs © Unknown Goldman Sachs, the global financial institution, with fraud allegations levied against it has a long history of setting up its clients for a fall...and making handsome profits. This is a story of how this global investment banking and securities firm screwed Ghana In 1998, Ashanti Gold was the 3rd largest Gold Mining company in the world. The first "black" company on the London Stock Exchange, Ashanti had just purchased the Geita mine in Tanzania, positioning Ashanti to become even larger. But in May 1999, the Treasury of the United Kingdom decided to sell off 415 tons of its gold reserves. With all that gold flooding the world market, the price of gold began to decline. By August 1999, the price of gold had fallen to $252/ounce, the lowest it had been in 20 years. Ashanti turned to its Financial Advisors - Goldman Sachs - for advice. Goldman Sachs recommended that Ashanti purchase nhat Ashanti enter agreements to sell gold at a 'locked-in' price, and suggested that the price of gold would continue to fall. But Goldman was more than just Ashanti's advisors. They were also sellers of these Hedge contracts, and stood to make money simply by selling them. And they were also world-wide sellers of Gold itself. In September 1999 (one month later), 15 European Banks with whom Goldman had professional relationships made a unanimous surprise announcement that all 15 would stop selling gold on world markets for 5 years. The announcement immediately drove up gold prices to $307/ounce, and by October 6, it had risen to $362/ounce. Ashanti was in trouble. At Goldman's advice, they had bet that gold prices would continue to drop, and had entered into contracts to sell gold at lower prices. These contracts were held by a group of 17 other world banks. Ashanti found themselves being forced to buy gold at high world prices and sell it at the low contract prices to make good on the contracts. The result? In a few weeks time, Ashanti found itself with 570 million dollars worth of losses. It had to beg the 17 banks not to force the execution of the contracts. Who served as the negotiator for the 17 banks and Ashanti? Goldman Sachs. The same company that designed the contracts for Ashanti(making a profit in their sale). The basic bankruptcy of Ashanti drove its stock price from an all time high of $25 per share to a paltry $4.62 per share. Thousands of investors - your blogger among them - lost their investments almost overnight as Ashanti was declared insolvent. In the end (2003), Ashanti was purchased by their largest African competitor, AngloGold, a British company headquartered in South Africa, who bought them for a song. The Financial Advisors to AngloGold? You guessed it: Goldman Sachs. The destruction of Ashanti Gold by Goldman Sachs was saturated with fraud and conflicts of interest: Goldman Sachs served as Ashanti's Financial Advisors; profited form the contracts they designed and marketed for Ashanti; was involved in the manipulation of the gold prices on which the contracts depended; represented Ashanti's creditors when the contracts went bad; and profited as the Financial Advisors to the company that picked up the Ashanti corpse for pennies on the dollar. Print

Bernanke Admits Printing $1.3 Trillion Out Of Thin Air Briefcase Greg Hunter USAWatchdog Wed, 21 Apr 2010 12:23 EDT Fed Chairman Ben Bernanke admitted the central bank created $1.3 trillion out of thin air to buy mortgage backed securities. This shocking admission came from the Joint Economic Committee hearing on Capital Hill last week. I was dumbfounded when I saw Bernanke shake his head in the affirmative as Representative Ron Paul said, "Well, where did you get the money? You created this money. So you did monetize debt, and that went into the banking system." I was amazed he admitted this. I looked up the original hearing on C-Span to make sure the clip was not edited. It was not. What is even more shocking is I could not find a single mainstream news agency that covered this revelation. Congress just finished voting on the bitterly contested Obama health care bill that is supposed to cost nearly a trillion dollars over ten years. (Some contend it will be more than twice that amount.) The mainstream media doesn't even bat an eye over the Fed creating $1.3 trillion in a little more than a year to buy worthless debt no one else will touch. I do not get it. I guess we could have asked the Fed to print up a trillion dollars to pay for health care and avoided that drawn out battle in Congress.

It’s the people who provide the funding that pull the strings, and we haven’t heard a single word on the funding issue in the run up to this election. Who does fund the three main parties? How much money do they invest, and what kind of return are they looking for? Does anybody have any idea? It's basically Big Business, The Unions and Banking interests.

Foptreelite?

Kenneth Clarke is basically running the Tories and Mandhelson - Labour. Those are the two images you need to keep in mind when you vote. The actual leaders are mere puppets.

He does seem rather off the scale this lad.

He's just a deluded bufoon, leave it at that really.

what's worrying about it Have you joined? Have I joined Are you anti or pro-Freemasonry ? Not deliberately answering a question with a question, but I would imagine someone like you would have pretty strong views ? Maybe not correct, but strong. I was in for a bit and then got bored with it. Never got to see the pure evil and ritual sex magic that occurs at the higher levels. As above so below. Brother Leazes. how far did you go ? What did you expect if you got bored ? PM may be better........ "Pure evil and ritual sex magic"....... You know it's 'bad luck' to discuss any internal lodge stuff don't you?

Sounds pukka to me. See that post about the muslim and the war memorial ? People are saying its a "one off". Well it isn't there are thousands more with this mentality [and now they see he has got off with it....] but I bet you there will be a lot more incidents like this than a mistaken terrorist being shot. If the security services have intel on you, then there is a reason for it. I knew I shouldn't have shot me mouth off at the Emabssy.

Typical Fish can't even get a film review right.

what's worrying about it Have you joined? Have I joined Are you anti or pro-Freemasonry ? Not deliberately answering a question with a question, but I would imagine someone like you would have pretty strong views ? Maybe not correct, but strong. I was in for a bit and then got bored with it. Never got to see the pure evil and ritual sex magic that occurs at the higher levels. As above so below. Brother Leazes.

Have to say the Burka does imo interfere with human rights.

Maybe Boss will design them.

That's a bit daft, how would they do that? Arrange for a fight at 2 o'clock at Hyde Park? Three men armed with fertilizer bombs against 10,000 British soldiers with tanks and planes? I hate terrorism as much as the next man but I can see the logic of assymetrical warfare and it tends to work in the end - Northern Ireland is a point in hand. You've levelled the same accusations of cowardice against the insurgents in Iraq and Afghanistan in the past as well, but by that definition the French resistance in WW II would be cowards too. how about pissing off back to where their allegiance really lies, and putting on a uniform ? Instead of coming here and fighting their "undercover" jihad ? That's not a good idea is it, seen as we're out of Iraq and taking loses in Afghanistan. Think about what you're saying man.

Sounds pukka to me.

what's worrying about it Have you joined?

You need to make Sat mate.

A Chinese man has died after an eel was inserted in rectum by friends as, reports claim, a joke. Doctors in Sichaun, China, apparently found the creature, a 50cm Asian swamp eel, in the 59-year-old man's rectum after he had died from internal bleeding. The eel had reportedly done severe damage to the man's intestines. While doctors were initially baffled as to how the eel could have gotten there, the man's friends allegedly confessed that they had inserted the live creature as a joke after a bout of heavy drinking.

More worried about LM's MASONIC avatar.

BorowitzReport.com Posted: April 30, 2010 01:25 PM NEW YORK (The Borowitz Report) - In what is looming as another public relations predicament for Goldman Sachs, the banking giant admitted today that it made "a substantial financial bet against the Gulf of Mexico" one day before the sinking of an oil rig in that body of water. The new revelations came to light after government investigators turned up new emails from Goldman employee Fabrice "Fabulous Fab" Tourre in which he bragged to a girlfriend that the firm was taking a "big short" position on the Gulf. "One oil rig goes down and we're going to be rolling in dough," Mr. Tourre wrote in one email. "Suck it, fishies and birdies!" The news about Goldman's bet against the Gulf comes on the heels of embarrassing revelations that the firm had taken a short position on Lindsay Lohan's acting career. More here. Is there any tragedy or nightmare or scam this lot aren't involved in?

Flashback: Private Jihad: How Rita Katz got into the business of inventing Muslim terrorists and hystericizing America Print MIB Benjamin Wallace-Wells The New Yorker Mon, 29 May 2006 21:52 EDT © SITE "Rita Katz, Executive Director of the SITE Intelligence Group. Rita's paranoid hobbies include hyping Islamofascism, making people hysterical, manipulating data and pretending to be Muslim so she can frame innocent Muslims for crimes that never took place. Rita Katz is tiny and dark, with volatile brown eyes, and when she is nervous or excited she can't sit still. She speaks in torrents, ten minutes at a stretch. Everybody who works in intelligence calls her Rita, even people who don't know her well. She sometimes telephones people she hasn't met - important people in the government - to tell them things that she thinks they ought to know. She keeps copies of letters from officials whose investigations into terrorism she has assisted. "You and your staff . . . were invaluable additions to the investigative team," the special agent in charge of the F.B.I.'s Salt Lake City Division wrote; the Assistant U.S. Attorney in Boise said, "You are a rare and extraordinary gem that has appeared too infrequently throughout the course of history." The letters come in handy, she told me, when she meets with skepticism or lack of interest; they are her establishment bona fides. Katz, who was born in Iraq and speaks fluent Arabic, spends hours each day monitoring the password-protected online chat rooms in which Islamic terrorists discuss politics and trade tips: how to disperse botulinum toxin or transfer funds, which suicide vests work best. Occasionally, a chat-room member will announce that he is turning in his user name and password and going to Iraq to become a martyr, a shaheed. Several weeks later, his friends will post a report of the young man blowing himself up. Katz usually logs on at six in the morning. When she has guests for dinner, she leaves a laptop open on the kitchen counter, so she can check for updates. "It is completely addicting," she says. "You wake up thinking, I've been offline for seven hours, but the terrorists have been making plans." Comment: Interestingly, this is exactly what happened with the so-called "triple agent Jordanian asset" who allegedly blew himself up killing 8 CIA staff in Afghanistan on December 30: Suicide Bomber on CIA Base was Jihadist Forum Member You would need to register with SITE to view this page, but we don't recommend that, as it may incriminate you for 'visiting a jihadist website'. Traditionally, intelligence has been filtered through government agencies, such as the C.I.A. and the N.S.A., which gather raw data and analyze it, and the government decides who sees the product of their work and when. Katz, who is the head of an organization called the Search for International Terrorist Entities, or SITE Institute, has made it her business to upset that monopoly. She and her researchers mine online sources for intelligence, which her staff translates and sends out by e-mail to a list of about a hundred subscribers. Katz's client list includes people in the government who are presumably frustrated by how long it takes to get information through official channels; it also includes people in corporate security and in the media, who rarely get much useful material from the C.I.A. She has worked with prosecutors on more than a dozen terrorism investigations, and many American officers in Iraq rely on Katz's e-mails to, for example, brief their troops on the designs for explosives that are passed around terrorist Web sites. "You're thrown into Baghdad, and there are a million different groups out there you've never heard of claiming responsibility for attacks," Robert Worth, a Times reporter who used Katz's service during the eighteen months he spent in Iraq, told me. "Rita really knows what she's talking about - who's responsible for attacks, what's a legitimate terrorist organization and what's not." Because many reporters rebroadcast her information, it can reach the public before people in the government have had a chance to evaluate it; her organization's work is cited in the Times and the Washington Post about twice a month. Katz has many critics, who believe that she is giving terrorists a bigger platform than they would otherwise have, and that the certainty and obsession that make her a dedicated archivist also make her too eager to find plots where they don't exist; she publicized a manual for using botulinum in terror attacks, for example, which experts later concluded was not linked to any serious threat. It's possible that her immersion in the world of terrorism has removed whatever skepticism or doubts she may have had. "Much as Al Jazeera underplays terrorist threats, the SITE Institute at times overhypes them," Michael Scheuer, the former head of the C.I.A.'s bin Laden unit, said. More fundamentally, some people involved in counterterrorism do not think that a private group with limited resources can do as good or as prudent a job as government agencies can. "Intelligence analysis is a set of skills that you learn, not just something that anyone can walk in off the street and pick up," Steven Aftergood, who monitors the intelligence community for the Federation of American Scientists, told me. Katz, however, pointed out that, for example, the professionals consistently missed signals about Al Qaeda before September 11, 2001, and said that she was simply filling a gap. (A 2004 audit showed that the F.B.I. alone had thousands of hours of untranslated intercepts.) Indeed, Katz has received outsourcing contracts from the government. " rest here http://www.sott.net/articles/show/200458-P...icizing-America