Donate Bitcoin

Donate Paypal


PeakOil is You

PeakOil is You

THE Goldman Sachs Thread (merged)

Discussions about the economic and financial ramifications of PEAK OIL

Re: Goldman calls for $4 trillion QE2; dollar falls, food ri

Unread postby some_math_guy » Sat 06 Nov 2010, 02:48:48

This discussion about the Fed having access to data etc is silly. The goal of the Fed is not to analyze the data to determine the most appropriate actions to improve the US economy.

The goal of the Fed is to determine the most appropriate actions that will maximize the return of the private shareholders of the Fed stock, which include many of the largest and wealthiest financial and industrial corporations on earth. As such, it is best thought of as a political entity, not some kind of analytical thinktank. Even if they had the smartest analysts and the best data, THEY WOULD NOT USE IT as it is not their goal to improve life for Americans; rather simply to maximize their shareholder returns. Obviously if the US economy completely collapses, this would not be good for their shareholders, so they are trying to find the combination of policies and actions that will extract the maximum amount of money from the American people without completely destroying the system.

Case in point...QEII and all of the other 'quantitative easing' actions are simply a way to transfer wealth from the American people to the Fed and their shareholders. This is because the Fed creates the money which costs them nothing, effectively loans it to the US government and immediately begins getting a % return that counterfeit money. The eventual outcome is that more money chase the same amount of goods and services in the US economy, and the public experiences a loss of purchasing power through inflation. Thus, the wealth of the people is transferred little by little to the Fed and their shareholders.

It's hilarious that Americans seem to think that Fed actually has their interest at heart. The Fed is the reason for the depression we are entering, and they will win no matter if there is inflation or deflation because the rich hold gold, silver, real estate, stocks, and other financial assets which tend to increase with inflation while the public loses purchasing power. In the case of deflation, their assets gain in purchasing power while the public's standard of living drops because they are so indebted and debt servicing becomes more and more onerous in a deflationary scenario.

Please stop talking about the Fed as if they are working for you and the American people. It's like saying OPEC wants nothing more than to provide Americans with convenient transportation. It's always all about the money.
some_math_guy
Coal
Coal
 
Posts: 89
Joined: Wed 01 Feb 2006, 03:00:00

Re: Goldman calls for $4 trillion QE2; dollar falls, food ri

Unread postby Mesuge » Sat 06 Nov 2010, 06:29:14

Guys, there is a link on previous page with listed areas of key banking system info the FED is actively hiding from the public and supposedly oversighting bodies like the POTUS person and Congress. It's a closed cartel, given the latest developments it's beyond reasonable doubt to say: it's a criminal closed cartel owned by extra national entities piggybacked on the global reserve currency and medium of exchange the petrodollar, enough said.

I don't get the need discuss it anymore, it's beyond silly.
Well, what about rather discussing the stuff that at least slightly matters, i.e. interpreting the steps FED is undertaking in order to prop up the stock market etc. There are people "outside" the system, who will just earn bambillions, as they did from from say begining of 2000s, by just observing the predictable steps of these fraudsters. The FED is getting increasingly into a corner, they print free money, and there is still time to milk it and transfer into real values, property, PMs, and what have you. Yep, I'm aware that this is basically milking in out of your kids future, but that's sadly the end game at this point, the ultimate trajectory is implosion, the speeding tanker won't turn on a dime.

The bottom line, do you want your (grand-)kids become the peasant beggars of the future or rather the fiefdom masters, or at least sovereigns of independent wealth and knowledge, the topdog neofeudals have to respect on some mininal level at all.. ?

Otherwise, it's simply a waste of time..
User avatar
Mesuge
Light Sweet Crude
Light Sweet Crude
 
Posts: 1500
Joined: Tue 01 Nov 2005, 03:00:00
Location: Euro high horse bastard on the run

Re: Goldman calls for $4 trillion QE2; dollar falls, food ri

Unread postby Cloud9 » Sat 06 Nov 2010, 08:35:39

If you guys think the Fed is on top of the game you need to review your history.

http://www.youtube.com/watch?v=INmqvibv4UU
User avatar
Cloud9
Fission
Fission
 
Posts: 2961
Joined: Wed 26 Jul 2006, 02:00:00

Goldman Sachs says Saudi Arabia misleading the world

Unread postby americandream » Tue 08 Mar 2011, 20:16:11

Goldman Sachs has accused Saudi Arabia, the world’s most important oil supplier, of misleading the world about its oil production since late last year.

If true, this allegation would mean that the Organization of Petroleum Exporting Countries has far less spare production capacity to make up for the disruption of Libyan supplies than it claims, leaving oil markets in a much more perilous situation than anybody realizes.

http://blogs.wsj.com/source/2011/03/08/ ... _news_blog
Last edited by Ferretlover on Sun 10 Jul 2011, 17:22:27, edited 1 time in total.
Reason: Merged thread.
americandream
permanently banned
 
Posts: 8653
Joined: Mon 18 Oct 2004, 02:00:00

Re: Goldman Sachs says Saudi Arabia misleading the world

Unread postby Roy » Wed 09 Mar 2011, 05:42:48

Image

surprise surprise surprise! And what's even more ironic is the source of the accusation, who have been known to do a little 'misleading' of their own... :lol:
A nations military should only be used in a nations self defense, not to entertain liberal cravings for shaping poor nations into images of themselves by force. -- Eastbay

Shooting the messenger is typical when you are incapable of arguing against them. -- Airline Pilot
Roy
Expert
Expert
 
Posts: 1359
Joined: Fri 18 Jun 2004, 02:00:00
Location: Getting in touch with my Inner Redneck

Re: Goldman Sachs says Saudi Arabia misleading the world

Unread postby Daniel_Plainview » Wed 09 Mar 2011, 06:05:58

If Goldman’s hypothesis is correct, “this would imply that OPEC spare capacity could actually have dropped below 2 million b/d already.” This is a level last seen in 2008, when the oil price hit $147 a barrel.


Image Image
User avatar
Daniel_Plainview
Fusion
Fusion
 
Posts: 4220
Joined: Tue 06 May 2008, 02:00:00
Location: 7035 Hollis ... Near the Observatory ... Just down the way, tucked back in the small woods

Re: Goldman Sachs says Saudi Arabia misleading the world

Unread postby kiwichick » Wed 09 Mar 2011, 06:19:42

just waiting quietly

the longer libya runs the better the odds ksa will have to do a show and tell
User avatar
kiwichick
Fission
Fission
 
Posts: 2218
Joined: Sat 02 Aug 2008, 02:00:00
Location: Southland New Zealand

Re: Goldman Sachs says Saudi Arabia misleading the world

Unread postby dolanbaker » Wed 09 Mar 2011, 06:59:06

Talk about putting a bat up the nightdress of the business world! :shock:
And thats before they realise that the "extra" oil is the heavy sour stuff.
Ronald Coase, Nobel Economic Sciences, said in 1991 “If we torture the data long enough, it will confess.”
User avatar
dolanbaker
Fission
Fission
 
Posts: 3469
Joined: Wed 14 Apr 2010, 09:38:47
Location: Éire

Re: Goldman Sachs says Saudi Arabia misleading the world

Unread postby Pops » Wed 09 Mar 2011, 07:11:37

I wonder how many contracts Goldman owns.
If destruction be our lot, we must ourselves be its author and finisher. As a nation of freemen we must live through all time or die by suicide.
-- Abraham Lincoln
User avatar
Pops
Elite
Elite
 
Posts: 17642
Joined: Sat 03 Apr 2004, 03:00:00
Location: QuikSac for a 6-Pac

Re: Goldman Sachs says Saudi Arabia misleading the world

Unread postby americandream » Wed 09 Mar 2011, 07:38:08

dolanbaker wrote:Talk about putting a bat up the nightdress of the business world! :shock:
And thats before they realise that the "extra" oil is the heavy sour stuff.


After the sub-prime crisis, I guess they're trying to garner a reputation in the due diligence sector. But what a subject to put under the spotlight!! Strange indeed.
americandream
permanently banned
 
Posts: 8653
Joined: Mon 18 Oct 2004, 02:00:00

Re: Goldman Sachs says Saudi Arabia misleading the world

Unread postby mos6507 » Wed 09 Mar 2011, 09:06:03

Goldman is the architect of the apocalypse--unless they say something that backs up the doomer narrative. Then suddenly they are the good guys?

Sorry, doesn't compute.

The investment community should NOT be trusted when commenting on energy. They obviously think there is money to be made in pumping up energy stocks. That's what I get when I read between the lines of Seeking Alpha and all the other peak oil chatter in investment circles. It's suiting their agenda to overstate peak oil.
User avatar
mos6507
permanently banned
 
Posts: 9499
Joined: Fri 03 Aug 2007, 02:00:00
Location: Boston Suburbs

Re: Goldman Sachs says Saudi Arabia misleading the world

Unread postby crude_intentions » Wed 09 Mar 2011, 11:51:51

mos6507 wrote:Goldman is the architect of the apocalypse--unless they say something that backs up the doomer narrative. Then suddenly they are the good guys?

Sorry, doesn't compute.

The investment community should NOT be trusted when commenting on energy. They obviously think there is money to be made in pumping up energy stocks. That's what I get when I read between the lines of Seeking Alpha and all the other peak oil chatter in investment circles. It's suiting their agenda to overstate peak oil.


Agreed; first question that must be asked is whats their angle.
Reality is merely an illusion, albeit a very persistent one.
- Albert Einstein
User avatar
crude_intentions
Heavy Crude
Heavy Crude
 
Posts: 315
Joined: Mon 03 Jan 2005, 03:00:00
Location: South Carolina

Re: Goldman Sachs says Saudi Arabia misleading the world

Unread postby americandream » Wed 09 Mar 2011, 14:37:46

mos6507 wrote:Goldman is the architect of the apocalypse--unless they say something that backs up the doomer narrative. Then suddenly they are the good guys?

Sorry, doesn't compute.

The investment community should NOT be trusted when commenting on energy. They obviously think there is money to be made in pumping up energy stocks. That's what I get when I read between the lines of Seeking Alpha and all the other peak oil chatter in investment circles. It's suiting their agenda to overstate peak oil.


From my experience in the financial sector, this is weird. The stridency with which they have dealt with this matter is puzzling. This is bound to hit their own growth portfolios that depend on risk. There's no way the partners would let this through just to boost energy which would make a fraction of what they earn compared to risk in the likes of China.

After the financial crash, these people will be very sensitive about their own investments. You'ld hardly put something out that risks the goose laying your golden egg. You could understand Simmons playing energy as exploration banking was his bread and butter but these guys depend on the growth of risk, not risk aversion. This is not good.
americandream
permanently banned
 
Posts: 8653
Joined: Mon 18 Oct 2004, 02:00:00

Re: Goldman Sachs says Saudi Arabia misleading the world

Unread postby Loki » Wed 09 Mar 2011, 15:36:48

Hmmmm, which pathological liar to believe?
A garden will make your rations go further.
User avatar
Loki
Expert
Expert
 
Posts: 3509
Joined: Sat 08 Apr 2006, 02:00:00
Location: Oregon

Re: Goldman Sachs says Saudi Arabia misleading the world

Unread postby americandream » Wed 09 Mar 2011, 16:00:27

Loki wrote:Hmmmm, which pathological liar to believe?


Generally when they start acting contrary to their interests, they are on the scout for a new game. I reckon the days of risk are drawing to a close (much earleir that I had anticipated) and these guys are trying to get into prudence. If what they're saying is correct, expect a massive reverse flow of Western capital out of risk zones such as China and back to the West. Then expect to see GS positioning itself as protector of flight capital. At that point, I would say that the global project will just about be done and workers worldwide can expect to be thrown to the wolves. The end of the nation state will be upon us (services wise) as everything to do with civilised standards are scrapped and penny pinching becomes the norm.
americandream
permanently banned
 
Posts: 8653
Joined: Mon 18 Oct 2004, 02:00:00

Re: Goldman Sachs says Saudi Arabia misleading the world

Unread postby dolanbaker » Wed 09 Mar 2011, 16:25:20

americandream wrote:
Loki wrote:Hmmmm, which pathological liar to believe?


Generally when they start acting contrary to their interests, they are on the scout for a new game. I reckon the days of risk are drawing to a close (much earleir that I had anticipated) and these guys are trying to get into prudence. If what they're saying is correct, expect a massive reverse flow of Western capital out of risk zones such as China and back to the West. Then expect to see GS positioning itself as protector of flight capital. At that point, I would say that the global project will just about be done and workers worldwide can expect to be thrown to the wolves. The end of the nation state will be upon us (services wise) as everything to do with civilised standards are scrapped and penny pinching becomes the norm.


Yes it will be interesting to see how they plan to operate in a shrinking economic environment rather than one that depends on perpetual growth.
Ronald Coase, Nobel Economic Sciences, said in 1991 “If we torture the data long enough, it will confess.”
User avatar
dolanbaker
Fission
Fission
 
Posts: 3469
Joined: Wed 14 Apr 2010, 09:38:47
Location: Éire

Goldman Sachs Forecast for WTI Slightly Higher than in May

Unread postby babystrangeloop » Sat 09 Jul 2011, 19:08:35

Oil to climb on growing demand, reduced spare capacity: Goldman
Platts / July 7, 2011



Global banking and securities firm Goldman Sachs said Thursday it was expecting considerable oil price upside in the next 6-12 months as rising demand fueled by improved global economic growth cut into OPEC spare capacity.

"With world economic growth continuing to drive oil demand growth well in excess of non-OPEC production growth, the oil market continues to draw on inventories and OPEC spare capacity in order to balance," Goldman Sachs said in its Commodity Watch report.

"In our view, it is only a matter of time before inventories and OPEC spare capacity become effectively exhausted, requiring higher oil prices to restrain demand, keeping it in line with available supply."

As such, Goldman Sachs has now forecast a WTI crude price of $111.00/b in three months, $115.00/b in six months and $126.50/b in 12 months, this compares with $108.00/b, $114.50/b and $126.50/b forecasts from its May 24 Commodity Watch report.

For Brent crude, Goldman Sachs said its three, six and 12-month forecasts were now to $117.00/b, $120.00/b and $130.00/b. In its May 24 report Goldman had forecast prices of $115.00/b, $120.00/b and $130.00/b, respectively. ...

... "We expect this export demand to continue this summer, likely supported by diesel-fired electricity generation demand in China and Japan."
babystrangeloop
Intermediate Crude
Intermediate Crude
 
Posts: 638
Joined: Sat 25 Jun 2011, 03:34:57

Re: Goldman Sachs says Saudi Arabia misleading the world

Unread postby LateGreatPlanetEarth » Sun 10 Jul 2011, 15:59:37

LateGreatPlanetEarth
Coal
Coal
 
Posts: 97
Joined: Tue 13 Jul 2004, 02:00:00
Location: Cypress, CA

Re: Goldman Sachs says Saudi Arabia misleading the world

Unread postby peeker01 » Sun 10 Jul 2011, 16:43:51

opec members have been cheating on their quotas since day one at opec. african members have
been doing it too. the lure of big bucks is just too much of a carrot for these greedy bastards.

funny how the money changers at goldmans can turn excess production into a crisis issue.

so now we have the spr and opec cheating going on, and goldman is calling for higher futures prices.
where does supply and demand enter into the equation?
peeker01
permanently banned
 
Posts: 725
Joined: Fri 24 Jun 2011, 17:19:54

Re: Goldman Sachs says Saudi Arabia misleading the world

Unread postby Keith_McClary » Sun 10 Jul 2011, 17:06:49

peeker01 wrote:the lure of big bucks is just too much of a carrot for these greedy bastards.
...
where does supply and demand enter into the equation?
Oh for the good old days, when the Texas Railroad Commission set the prices.
"I could go on, but let’s veer off in another direction instead."

– The Archdruid
User avatar
Keith_McClary
Fusion
Fusion
 
Posts: 7279
Joined: Wed 21 Jul 2004, 02:00:00
Location: Suburban tar sands

PreviousNext

Return to Economics & Finance

Who is online

Users browsing this forum: No registered users and 16 guests