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April 22, 2010 / Hal (GT)

Gold, fraud, and the stuff that makes for news today.


Okay. The precious metals are down today as Greece gets whacked again and which apparently on first blush has people rushing from Eurozone into dollars. Just why they think the dollar is safe I have no idea. haha

Okay, I have a few links of things that are fairly short read but are must reads.

This is a must must read: How Goldman Sachs Screwed Ghana

Goldman Sachs, the global financial institution, with fraud allegations levied against it has a long history of setting up its clients for a fall…and making handsome profits.

This is a story of how this global investment banking and securities firm screwed Ghana

In 1998, Ashanti Gold was the 3rd largest Gold Mining company in the world. The first “black” company on the London Stock Exchange, Ashanti had just purchased the Geita mine in Tanzania, positioning Ashanti to become even larger. But in May 1999, the Treasury of the United Kingdom decided to sell off 415 tons of its gold reserves. With all that gold flooding the world market, the price of gold began to decline. By August 1999, the price of gold had fallen to $252/ounce, the lowest it had been in 20 years.

Next: Metals Manipulation, Machinations, and Assassinations

After that check out: Financial Times: U.S. Debt to Hit $20 Trillion in 10 Years

And I suppose it’s just a matter of time: Obama suggests value-added tax may be an option. Now that the IRS has the health care arena as well, would the administration be open to removing the IRS tax job from them and just going with a straight VAT? I doubt it too.

Okay, folks, I got to run and get something checked of the list of to accomplish stuff. Until next time.

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