goldman sachs manipulation of commodity prices

It is still open season on Goldman Sachs. Ditto for JP Morgan and the clique of Wall Street firms, who enjoy untold tremendous privilege. Well, Goldman is at it again, playing games, abusing their role, and making money, all legally. One should say, rather, all without prosecution. One puts life and career at risk when revealing the hidden actions of the military and security organizations running in this land. However, taking aim at the Wall Street bank sector parasites is deemed a harmless exercise, regarded much the same as a fly or mosquito flirting around the USGovt torso. The ugliest example of illicit publicly noticed activity by Goldman Sachs in my opinion was the late summer 2006 change to the GS Commodity Index. They lowered the unleaded gasoline weight from 9% to 2%, forcing the sale of $7 billion in gasoline contracts. Nevermind motive, focus on execution. With $100 billion in indexed funds invested in the GSCI, Goldman knew what would happen. Gasoline fell sharply in price. GSax profited heavily, all legal, not even a prosecutable violation.


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