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Re: Goldman calls for $4 trillion QE2; dollar falls, food ri
Posted:
Sat 06 Nov 2010, 03:48:48by some_math_guy
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.
Re: Goldman calls for $4 trillion QE2; dollar falls, food ri
Posted:
Sat 06 Nov 2010, 07:29:14by Mesuge
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..
Re: Goldman calls for $4 trillion QE2; dollar falls, food ri
Posted:
Sat 06 Nov 2010, 09:35:39by Cloud9
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
Goldman Sachs says Saudi Arabia misleading the world
Posted:
Tue 08 Mar 2011, 21:16:11by americandream
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
Re: Goldman Sachs says Saudi Arabia misleading the world
Posted:
Wed 09 Mar 2011, 06:42:48by Roy
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...
Re: Goldman Sachs says Saudi Arabia misleading the world
Posted:
Wed 09 Mar 2011, 07:05:58by Daniel_Plainview
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.
Re: Goldman Sachs says Saudi Arabia misleading the world
Posted:
Wed 09 Mar 2011, 07:19:42by kiwichick
just waiting quietly
the longer libya runs the better the odds ksa will have to do a show and tell
Re: Goldman Sachs says Saudi Arabia misleading the world
Posted:
Wed 09 Mar 2011, 07:59:06by dolanbaker
Talk about putting a bat up the nightdress of the business world!
And thats before they realise that the "extra" oil is the heavy sour stuff.
Re: Goldman Sachs says Saudi Arabia misleading the world
Posted:
Wed 09 Mar 2011, 08:11:37by Pops
I wonder how many contracts Goldman owns.
Re: Goldman Sachs says Saudi Arabia misleading the world
Posted:
Wed 09 Mar 2011, 08:38:08by americandream
dolanbaker wrote:Talk about putting a bat up the nightdress of the business world!
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.
Re: Goldman Sachs says Saudi Arabia misleading the world
Posted:
Wed 09 Mar 2011, 10:06:03by mos6507
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.
Re: Goldman Sachs says Saudi Arabia misleading the world
Posted:
Wed 09 Mar 2011, 12:51:51by crude_intentions
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.
Re: Goldman Sachs says Saudi Arabia misleading the world
Posted:
Wed 09 Mar 2011, 15:37:46by americandream
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.
Re: Goldman Sachs says Saudi Arabia misleading the world
Posted:
Wed 09 Mar 2011, 16:36:48by Loki
Hmmmm, which pathological liar to believe?
Re: Goldman Sachs says Saudi Arabia misleading the world
Posted:
Wed 09 Mar 2011, 17:00:27by americandream
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.
Re: Goldman Sachs says Saudi Arabia misleading the world
Posted:
Wed 09 Mar 2011, 17:25:20by dolanbaker
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.
Goldman Sachs Forecast for WTI Slightly Higher than in May
Posted:
Sat 09 Jul 2011, 20:08:35by babystrangeloop
Oil to climb on growing demand, reduced spare capacity: Goldman
Platts / July 7, 2011Global 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."
Re: Goldman Sachs says Saudi Arabia misleading the world
Posted:
Sun 10 Jul 2011, 16:59:37by LateGreatPlanetEarth
Re: Goldman Sachs says Saudi Arabia misleading the world
Posted:
Sun 10 Jul 2011, 17:43:51by peeker01
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?
Re: Goldman Sachs says Saudi Arabia misleading the world
Posted:
Sun 10 Jul 2011, 18:06:49by Keith_McClary
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.