Goldman Sachs and certain financial tactics
If there is an entity that is clearly what this crisis is Goldman Sachs. The truth is that this crisis is being covered by Gloria and since then it is assumed that at some point someone will be dedicated to stop him from that institution.
Of course, this entity is into all that are bursting with scrubbed mess around in this crisis. Beginning with that first erupted that were subprime. The fact is that according to "the economist" in a good summary of some time ago, the bank said packaged 128,000 million in mortgages in the years before the subprime crisis. The fact is that before the fall of the subprime, is that the entity in question, began to lay down.
Finally, it seems that this is not very honorable place a poison that floods the entire financial system to the end when they have placed on all sides, go for the fall, all supported by recommendations. Curiously, in May 2008, Goldman Sachs predicted that oil would reach 200. Interestingly, soon after, is that oil fell and Goldman was among those who escaped the burning, while the rest of the investment bank, which is supposed to blindly follow their recommendations, suddenly found themselves with commodities purchased price bubble. I know that in the end nobody is talking about the bubble in commodities, but it seems at least suspicious that the price of commodities starts to fall in July 2008, and it seems no one here lost anywhere, and yet, it is that investment banking, (that which invests in equities, in commodities and whatever comes), is in a slump until I was completely disintegrated. Anyway, the point is that with the bursting of the bubble in commodities, Goldman Sachs for their business elsewhere and is now known that Goldman has worked with Greece (and elsewhere), to hide huge amounts of hidden debt through a Currency derivatives system. Of course, on the other hand, has also been heavily involved in the CDS market, so that in the end, what we have now is that the entity creates the tools that he understands nothing, play with the instruments to ensure, as all packaged and make recommendations that make markets play at the pace of interest. Today, it is unclear how and where financial instruments consist of "modern", that the entity has offered and placed the Greek government. In fact only has transcended that this is something related to exchange rate swaps and currency futures. No idea, I have the impression that they have signed contracts in futures speculation that Greece against Goldman Sachs, so are forced to sell dollars, (eg) in the future, in exchange for a premium. Of course, the money collected at baseline from the sale of contracts, would be an income at the time of signing for Greece, in exchange for taking risks in the future. In this way, fulfill the debt limits, because on one hand, income does not correspond to loans and otherwise would have the income account. Thus, through systems of this style, the movement that we have when we call a non-existent, being replaced by financial income, so that the country seems not only borrows but artificially improve their accounts, at be more revenue than expenses. Of course, we can not know yet, what has been the mechanism used by the Greek debt, but by a simple logical deduction, earning money can be considered either increase income or debt. Consequently, if such increase has consisted of debt, the influx of money has to be consisted as financial income. The problem in Greece can be found, is that if you charged for taking a risk of exchange rate falls and the euro can be of course a complete ruin, which need not be a correlation between the amount raised and the risk it assumes. Put another way, the bill may have to pay now Greece is completely unpredictable. The European Commission has reacted to the news media, requesting additional information from Greece, and the pressure of the reaction (compared to what he usually does), the truth is that not too reassuring. Of course, it is now hoped that a revival is the war over U.S. investment banking and in particular for this entity, which is at the epicenter of all that we are falling scrubbed unabated, and the that always appear spurring and drawing on the rise, packing in the time thing and spurring and drawing on the downswing. The reality is that Goldman has a good season trying to improve its image with measures such as allocating 500 million to help SMEs, or infomercials as long appeared in "The Economist", where you interview the CEO of the entity, which was observed efforts to "be nice". In that interview, shows accessible, humble, avoiding ostentation, to recognize the error of "paying too much money", (which may in the end is not the main problem), but it takes to release any and all of the topics of this story, "if you drop the financial system, everything falls", "the fact that Goldman does well to be celebrated because it means that everyone is doing well," the firm is the best network of talents. " The truth is that behind these words lies as usual. Negative messages if they do not help or accept; (especially in Revelation). This was accompanied with positive represented with "good ...". The problem is that both statements, but may not be true Machiavellian. The collapse of the financial sector will involve not only the collapse of everything, (as explained in the post of the Apocalypse), it may even mean the beginning of the recovery, of course impossible to continue while Certain techniques, which leads me to the conclusion that the fact that Goldman does well, it means that we are all going well, which would be true if Goldman was not making money with the collapse of countries. In this case, the fact that they will do well, it means just the opposite. Of course, talk about the secret of success is nothing less than the market knowledge, which is completely true, since what you see, are the designers of a few mines have been planted along the road, so you are those who must know better. In any event, in this case Goldman forget some details of its success, such as the use of practices that has already banned the SEC, (or similar), based on the power of supercomputers, to seize a fraction of determined time before information is made public or unregulated platforms. However, I fear that after much research, we are not realizing the obvious. Goldman, with its recommendations and on the other hand Buffet (shareholder of the entity) could draw at will the graphics as the rest of the managers will take as a starting point of analysis. On 3 November 2008, I believe we have seen an example of this reality, where it appears that in free fall of the indices, the announcement of Buffett to enter a shipping company changed every graphics so that he managed to stop the bleeding at that time. Or of course the tactics now being used against countries. In this sense I spoke of Greece, but I guess someone will be concerned about the "other countries". The funny thing is that now nobody has worried about Spain, and I suppose the other hand, has refused, but the fact is that if we had asked two weeks ago by scores of Greece, everyone had told us that we are talking of a eurozone country, and therefore respond to reality. The serious problem we have is that we have gone from relying on the accounts of banks, wary of them and now it is almost impossible to believe the accounts of the countries. The question is why Goldman makes recommendations to cover the impairment of certain countries among which is Spain?. It might really be attacking the euro, to benefit from the swaps to other countries. Or really a possibility and we have to keep in mind is that there is a real possibility that Goldman Sachs has placed him "something" even our dear representatives, so that its recommendation now will provide enormous benefits at the cost of further charged any country. "Demented?.
For reality is that this is not simply the chronology of events in Greece.
In any case, it is not surprising that already begin to speculate that Goldman lose the license to operate in Europe. What I can not understand is the kind of power of this entity that is able to kneel to entire countries, and to episodes like those that are emerging are not taken to preventive measures. Put another way, given the damage that may be causing the shares can not wait for the results of research and endless search for evidence. Do not think there's sometimes better to justify the decision making exceptional. The odd thing is that it seems that the tactics are clever, and nobody really seems to care about one detail: could survive the crumbling financial system if the accounts of the countries?. Tags: business, financial, investment banking, the economist