Tuesday, January 29, 2013

Goldman Sachs Made 400 Million in 2012 Manipulating Food Commodities Derivatives

Goldman Sachs Made 0 Million in 2012 Manipulating Food Commodities Derivatives
"Some will point to ever increasing food costs as their proof of inflation caused by an expansionary monetary policy by the Federal Reserve, but that’s not true.  Food costs and other must have commodities are being manipulated by Wall Street so that every time you buy a loaf of bread – you’re funding the bankers.  Every time you buy tortillas – you’re giving pennies at a time to bankers.  Goldman Sachs has invested $44 TRILLION into derivatives (source) with an unknown amount of that being funneled directly into commodities.  They’re cornering the market to make sure they extract their pound of flesh.  Worse yet – they’ve sued the Obama administration for implementing regulations that would limit how banks can manipulate food prices.  The courts ruled on behalf of the banks and against the Obama administration."