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Forum Post: A Shuffle of Aluminum, but to Banks, Pure Gold

Posted 1 year ago on July 21, 2013, 9:04 a.m. EST by BradB (2693) from Washington, DC
This content is user submitted and not an official statement

This industrial dance has been choreographed by Goldman to exploit pricing regulations set up by an overseas commodities exchange, an investigation by The New York Times has found. The back-and-forth lengthens the storage time. And that adds many millions a year to the coffers of Goldman, which owns the warehouses and charges rent to store the metal. It also increases prices paid by manufacturers and consumers across the country.

story; http://www.nytimes.com/2013/07/21/business/a-shuffle-of-aluminum-but-to-banks-pure-gold.html?_r=0

22 Comments

22 Comments


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[-] 2 points by DKAtoday (26178) from Coon Rapids, MN 8 months ago

Commodities trading - FUCKING OVER THE WORLD

Crapitalism - YOU JUST GOTTA HATE IT


( NO I WILL NOT TURN OFF THE BLOODY CAPS LOCK - For 1 It isn't on and for 2 who are you to judge presentation rather than content? Seem's pretty silly that you care how one presents their comments more than what the comment content is ).

[-] 2 points by shoozTroll (17632) 8 months ago

Goldman began hoarding aluminum at least 3 years prior to Ford changing the F series pick up to all aluminium. Driving up cost, before it was even a rumor, among us regular folks that used to be considered human....

[-] 2 points by DKAtoday (26178) from Coon Rapids, MN 8 months ago

What that no doubt is - IS - collusion and conspiracy - insider trading information given out to GoldSack to drive up cost on the QT - wonder how much Ford insiders invested.

[-] 2 points by shoozTroll (17632) 8 months ago

Or as I asked below. How much has Goldman invested in GM and/or Ford

That can and probably did go in all those directions, as well as various and sundry commodities tradings.

Should have kept them separated.

[-] 3 points by DKAtoday (26178) from Coon Rapids, MN 8 months ago

More and more investment banking rears it's ugly head - the head of abuse on a colossal scale.

[-] 2 points by shoozTroll (17632) 8 months ago

Perhaps they, as corporate humans, need to spend some time in a corporate mental health facility?

Followed by long term drug treatment.

[-] 2 points by DKAtoday (26178) from Coon Rapids, MN 8 months ago

T CEOs ? add in some electro-shock therapy to unscramble their greedy gray matter.

[-] 2 points by shoozTroll (17632) 8 months ago

WHAT???

CEO's are just tiny, little, innocent bystanders. They are just there to reap the profits of the super human corporation.

They couldn't possibly be insane, or suffering from neoplexia.

Like the Koch's, they are completely innocent of the behaviors of the corporation.

That's how it works.

[-] 1 points by DKAtoday (26178) from Coon Rapids, MN 8 months ago

Sarcasm - LOL - well one has gotta blow off steam - one way or another.

That's how it works.

Too True unfortunately. That is why I added this post yesterday:

https://occupywallst.org/forum/ukraine-erupts-in-flames-as-protest-against-the-go/

[-] 2 points by shoozTroll (17632) 8 months ago

What sarcasm?

That really is how it works.

[-] 1 points by DKAtoday (26178) from Coon Rapids, MN 8 months ago

CEO's are just tiny, little, innocent bystanders. They are just there to reap the profits of the super human corporation.

They couldn't possibly be insane, or suffering from neoplexia.

Like the Koch's, they are completely innocent of the behaviors of the corporation.

Like I said - too true - "to your finishing comment of" = that is how it works.

Still the opening lines prior to that final comment are not true - so they are sarcasm ( whether or not that that is how they refer to themselves ) - as they ( corp(se)oRATions ) are not tiny nor are they innocent and in no way a bystander - and they MUST be insane to do such malevolence - and they ( t CEOs ) cannot distance ( not in truth ) themselves from how they go about to make a living.

[-] 1 points by shoozTroll (17632) 8 months ago

It's a literal translation of the law and how it works.

But alright. I admit it. Sarcastic and not a little bit cynical.

Watch the taped interview of the guy who ran Freedom Industries again and then realize what he did shortly thereafter.

http://www.policymic.com/articles/78899/watch-the-ceo-of-freedom-industries-offend-every-west-virginian-without-water

So yep, the "law" slapped the " big bad" corporation in the chains of bankruptcy, while the poor tiny, innocent CEO, looked like a dear in the headlights, sipping his Aquafina, unable to explain the behavior of his "better" gone mad.

Then he walked away and formed another corporation to back the bankruptcy. Giving himself first dibs on any "leftovers".

So he must have been innocent in the eyes of the law, or the law wouldn't have allowed him to do that..

As you can now see, sarcastic yet painfully accurate.

[-] 1 points by DKAtoday (26178) from Coon Rapids, MN 8 months ago

It's a literal translation of the law and how it works.

Actually - it is still ( I know hard to believe ) - in many cases it is still an "intentional" mis-translation of existing law or is of plain outright non-enforcement of existing law.

[-] 1 points by shoozTroll (17632) 8 months ago

Wouldn't that be against the law, if it was intentional?

[-] 1 points by DKAtoday (26178) from Coon Rapids, MN 8 months ago

ummmm yeah? That is what is going on. For one example - I don't care what business you are in - Fraud = Fraud. I don't care if it was done by a criminal auto repair shop or by wall-street.

[-] 2 points by shoozTroll (17632) 8 months ago

Anyone make the connection to the "new" F series pick-up?

That Goldman was manipulating the market well in front of the need?

From 3 years ago.

http://www.reuters.com/article/2011/07/29/us-lme-warehousing-idUSTRE76R3YZ20110729

Now of course they are "blaming" Ford for triggering a "run" on aluminum.

http://www.detroitnews.com/article/20140212/AUTO0102/302120035/

Ahh yes, so much for the illusion of "free markets".

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[-] 2 points by shoozTroll (17632) 8 months ago

At Goldman, the "green" economy must never change.

Think global, extort local.

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[-] 1 points by shoozTroll (17632) 8 months ago

No need to change subjects here.

How much "interest" does Goldman own in Ford? GM?

In the latest "news".

http://www.detroitnews.com/article/20140218/AUTO01/302180032/

It would appear the "run" on aluminum is just beginning.

Should have kept them separated.

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[-] 2 points by shoozTroll (17632) 8 months ago

It can't happen fast enough.