4/25/10 The Goldman Sachs Charade

Precious Metals Market Analysis, By Michael Pennington (Copyright 2010 Pennco Coins)

I started exposing GS twenty years ago as a fraudulent, criminal organization. Many thought I was just trying to make headlines, but overtime, every accusation has proven to be true. People wonder how they can report incredible profits every quarter. I tell them GS is the broker for the FED and they front run every FED transaction. “Some might ask, Who wouldn’t?” I guess my problem comes when they pay hundreds of millions for bonuses based on “inside information”.
What does all this have to do with Gold and Silver? GS is the world leader in implementing precious metal capping strategies. This is not a recent phenomena, but rather one they have be operating for over twenty years. Without GS or JP Morgan, gold would now be priced at $5,000 or more.

As a result, in an effort to capture the “goodwill” of the people, the administration wants to appear to be “hard” on W.S. They know this will be popular and they wanted GS to be their target since they are most despised firm in the U.S. The quid pro quo was easy to orchestrate. The government cannot win this suit against GS. It was just for show, just for affect. In return, GS was promised extremely favorable provisions in the new federal regulations now being developed. The whole affair is like watching a Hollywood movie. Their CEO Lloyd Blankfein visited the WH 4 times the week before the suit was filed. There are too many GS executives working at the highest levels of government. This is just another fraud perpetrated on the American people and on gold. This will end with GS paying its agreed upon fine, with the administration getting its financial reform legislation and the people believing there government is watching out for them. The purpose of this ruse was to shift voter anger to WS and away from the administration. The result – WS wins, Obama wins and GS wins.

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About Pennco Coins

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This entry was posted in Buffalo, Bullion, Coin, Dollar, Eagle, Federal Reserve, Gold, Gold to Silver Ratio, Government, Investment, Maple, Mint, Palladium, Peso, Philharmonic, Platinum, Silver, Tax and tagged , , , , , , . Bookmark the permalink.

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