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![locked post](https://www.tigerdroppings.com/images/layout/lock.gif)
How GS Created the Food Crisis
Posted on 4/29/11 at 8:21 am
Posted on 4/29/11 at 8:21 am
quote:
In 1991, Goldman bankers, led by their prescient president Gary Cohn, came up with a new kind of investment product, a derivative that tracked 24 raw materials, from precious metals and energy to coffee, cocoa, cattle, corn, hogs, soy, and wheat. They weighted the investment value of each element, blended and commingled the parts into sums, then reduced what had been a complicated collection of real things into a mathematical formula that could be expressed as a single manifestation, to be known henceforth as the Goldman Sachs Commodity Index (GSCI).
quote:
"I make a living off the dumb money," commodity trader Emil van Essen told Businessweek last year
Commodities
Posted on 4/29/11 at 8:34 am to Blakely Bimbo
I'm pretty sure GS also had something to do with that iceberg the Titanic hit.....
Posted on 4/29/11 at 9:25 am to Blakely Bimbo
Now that you say it, I do remember seeing lloyd on the grass knoll back in 63.
Posted on 4/29/11 at 9:26 am to Blakely Bimbo
Posted on 4/29/11 at 9:30 am to Blakely Bimbo
I love articles like this.
So you are telling me there is absolutely no profit margin on this excess revenue? Cmon now
quote:
Near the bottom toils the farmer. For him, the rising price of grain should have been a windfall, but speculation has also created spikes in everything the farmer must buy to grow his grain -- from seed to fertilizer to diesel fuel.
So you are telling me there is absolutely no profit margin on this excess revenue? Cmon now
Posted on 5/1/11 at 2:58 am to Blakely Bimbo
GS creating a derivative 20 years ago created the economic growth in China and India while also making Al Gore and Congress insane enough to pass ethanol legislation? Did they do this before or after their Illuminati meeting?
This post was edited on 5/1/11 at 2:59 am
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