Most Popular
1. Banking Crisis is Stocks Bull Market Buying Opportunity - Nadeem_Walayat
2.The Crypto Signal for the Precious Metals Market - P_Radomski_CFA
3. One Possible Outcome to a New World Order - Raymond_Matison
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
5. Apple AAPL Stock Trend and Earnings Analysis - Nadeem_Walayat
6.AI, Stocks, and Gold Stocks – Connected After All - P_Radomski_CFA
7.Stock Market CHEAT SHEET - - Nadeem_Walayat
8.US Debt Ceiling Crisis Smoke and Mirrors Circus - Nadeem_Walayat
9.Silver Price May Explode - Avi_Gilburt
10.More US Banks Could Collapse -- A Lot More- EWI
Last 7 days
Stock Market Volatility (VIX) - 25th Mar 24
Stock Market Investor Sentiment - 25th Mar 24
The Federal Reserve Didn't Do Anything But It Had Plenty to Say - 25th Mar 24
Stock Market Breadth - 24th Mar 24
Stock Market Margin Debt Indicator - 24th Mar 24
It’s Easy to Scream Stocks Bubble! - 24th Mar 24
Stocks: What to Make of All This Insider Selling- 24th Mar 24
Money Supply Continues To Fall, Economy Worsens – Investors Don’t Care - 24th Mar 24
Get an Edge in the Crypto Market with Order Flow - 24th Mar 24
US Presidential Election Cycle and Recessions - 18th Mar 24
US Recession Already Happened in 2022! - 18th Mar 24
AI can now remember everything you say - 18th Mar 24
Bitcoin Crypto Mania 2024 - MicroStrategy MSTR Blow off Top! - 14th Mar 24
Bitcoin Gravy Train Trend Forecast 2024 - 11th Mar 24
Gold and the Long-Term Inflation Cycle - 11th Mar 24
Fed’s Next Intertest Rate Move might not align with popular consensus - 11th Mar 24
Two Reasons The Fed Manipulates Interest Rates - 11th Mar 24
US Dollar Trend 2024 - 9th Mar 2024
The Bond Trade and Interest Rates - 9th Mar 2024
Investors Don’t Believe the Gold Rally, Still Prefer General Stocks - 9th Mar 2024
Paper Gold Vs. Real Gold: It's Important to Know the Difference - 9th Mar 2024
Stocks: What This "Record Extreme" Indicator May Be Signaling - 9th Mar 2024
My 3 Favorite Trade Setups - Elliott Wave Course - 9th Mar 2024
Bitcoin Crypto Bubble Mania! - 4th Mar 2024
US Interest Rates - When WIll the Fed Pivot - 1st Mar 2024
S&P Stock Market Real Earnings Yield - 29th Feb 2024
US Unemployment is a Fake Statistic - 29th Feb 2024
U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - 29th Feb 2024
What a Breakdown in Silver Mining Stocks! What an Opportunity! - 29th Feb 2024
Why AI will Soon become SA - Synthetic Intelligence - The Machine Learning Megatrend - 29th Feb 2024
Keep Calm and Carry on Buying Quantum AI Tech Stocks - 19th Feb 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Goldman Sachs' Most Dangerous Trade

Companies / Banksters Feb 17, 2014 - 05:42 PM GMT

By: Money_Morning

Companies

Shah Gilani writes: Here's something you probably don't know, and it will really tick you off.

You probably do know the biggest banks in the world have commodities businesses.

Those lines of business might include trading desks (trading everything from gold and copper to kilowatts), transportation (pipelines, railcars and tankers) and storage (warehousing) operations, mining operations, as well as production, refining, and raw and finished commodity distribution operations.


What you probably don't know is that one of the "commodities" a few of these monster banks (Goldman Sachs and Deutsche Bank) trade is...are you ready?

Okay, I'll tell... but you won't believe it.

The Dangerous Stockpile

I'm talking about uranium.

That's uranium, as in "yellowcake," the nuclear fuel ingredient. As in the stuff nuclear bombs are made from. Yeah... That's uranium.

Right now Goldman Sachs and Deutsche Bank are sitting (not right on top of, though we could only wish) on some 5,511 tons of yellowcake.

It's stockpiled in approved warehouses, of course. And safe and sound, of course, because these big banks are always the trustworthy fiduciaries of every business they diabolically manipulate, that is, until they lose control of it.

What can you do with 5,500 tons of yellowcake? Why, you could fuel all of China's nuclear plants for a year, or 20 standard nuclear plants anywhere.

Or, you could build 200 nuclear bombs.

No one, least of all me, is accusing Goldman or Deutsche Bank of any wrongdoing when it comes to their nuclear ambitions.

But, I'm just going to put it out there.

And no, I'm not singling out Goldman (okay, maybe a little) because they've been caught manipulating a few things before. That list is long enough... and a study of how cloak and dagger they are when they're doing God's work (for their enormous bonuses) undermining governments and businesses, their own clients, and every other institution on Wall Street. It's nothing short of scary.

Are we supposed to believe that Goldman and Deutsche Bank are above reproach?

In the face of all they've done, are we to believe they're going to not only have their yellowcake but have us eat it too?

With their ability to manipulate governments, governments that they finance, and government officials they practically own, are we supposed to believe that Goldman Sachs isn't going to sell yellowcake to the highest bidder to make the most money it can?

Not, of course, that they'd ever sell yellowcake to Iran, or Syria, or North Korea, or Sudan.

But other people would. And since Goldman and other giant, all-powerful quasi-nation state banks own the trading channels, transportation, and warehouse facilities and can daisy-chain any commodity through any underground railroad they want, are we sure that the highest bidder trading with Goldman or Deutsche Bank isn't going to deliver their yellowcake to any of our enemies?

This has gone too, too far. The big banks are dangerous oligopolies. God help us if they aren't broken up or effectively dismantled and reduced to good old fashioned lending businesses.
Or am I just being paranoid?

More From Shah

Goldman Sachs isn't the only big bank in Shah's sights. None of the Wall Street banksters are spared. Just look what he did to JPMorgan... Full Story

Source : http://moneymorning.com/2014/02/17/goldman-sachs-dangerous-trade/

Money Morning/The Money Map Report

©2014 Monument Street Publishing. All Rights Reserved. Protected by copyright laws of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), of content from this website, in whole or in part, is strictly prohibited without the express written permission of Monument Street Publishing. 105 West Monument Street, Baltimore MD 21201, Email: customerservice@moneymorning.com

Disclaimer: Nothing published by Money Morning should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized investent advice. We expressly forbid our writers from having a finan

cial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication, or after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended by Money Morning should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company.

Money Morning Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in