[Video] Bloomberg on Goldman’s market manipulation code

July 10th, 2009 by stacyherbert

Tags:   77 Comments

77 responses so far ↓

  • Mini US
    Jul 10, 2009 at 4:16 am

    Seems that by the knowing chuckles between these fellows that just about everyone knows whats going on at Goldman.
    Its getting embarrassing how this manipulation is going on and everyone involved just keeps playing the game.
    Smug presenter might find himself out of a job soon.
    “Hahhaaha, we’re getting ripped off Hahahahha”.
    Idiot.

  • Phil
    Jul 10, 2009 at 4:18 am

    @Stacy .. “An Excess of Chickens”

    Excellent Video .. thanks for the link !

    True News 3: What’s Going Wrong in the Stock Market
    http://www.youtube.com/watch?v=OF87sMjYlws

    20 minutes … that everybody should take to watch this video.

  • Richard@lattitude30N
    Jul 10, 2009 at 4:47 am

    I wake up this morning and the first thing I want to do is compose an allegory to this wondrous tale of intrigue…Yet it is so obvious that “proprietary codes” that “others” can use to manipulate trading is in the open…much like the NOC list of the CIA….but worse, because the CIA would never expose to the public that the list is in the open in the first place… “market manipulation”???????? Well Max and others have continually expressed those same sentiments…the Plunge Protection Team…at work!!!! Who works for whom…now broadcast loud and clear : “Treasury works for GS!!!!”….so how can a stock trader even consider going to the trading floor and find an even playing field…where is the outrage from the floor traders?? The innocent public hasn’t a clue…yet we are to believe that the sophisticated players do??? What other ditties can arise ( the $134.5 billion bonds in Italy for instance) to really alarm the public????

  • Danny
    Jul 10, 2009 at 4:48 am

    @ Mini US

    That Leonard Cohen song comes to mind…. Everybody knows

    http://www.youtube.com/watch?v=yG5e1oaen-M

  • snoop diddy
    Jul 10, 2009 at 4:55 am

    If you’re going to rip off anyone, make it a lot of people and spread the pain around so they all think it’s ‘normal’.

  • Mini US
    Jul 10, 2009 at 4:57 am

    @ Phil
    Great explanation video.
    More juicy information sites.
    Was that Max Headroom?

  • sharon
    Jul 10, 2009 at 4:57 am

    @ Mike………………….your video link.

    It’s a good one, hope it leads to some action (I know: delusional optimism). Anyway, did you know the guy’s wife is also quite vocal – she’s a doctor and I watched a video of her giving a speech about corporations lack of ethics when it comes to food. What really shocked me was when she said that the US gov were stating that nutrients were to be classed as toxins! wtf!

  • M
    Jul 10, 2009 at 4:59 am

    Guys, with crap and trade they have finally achieved the ultimate goal: create money out of thin air, to pay for thin air!

  • sharon
    Jul 10, 2009 at 5:00 am

    @ Stacy,
    Are you aware that the French gov are talking about mandatory vaccinations for the swine flu? As you live in France could you let me know whether you think French people would go along with forced vaccinations or would they tell the gov where to get off?

  • Mini US
    Jul 10, 2009 at 5:01 am

    @ Danny
    Coool song and coooler video.
    Was some of that ‘The Man from U.N.C.L.E’ with Iria Kuriakin (spelling???)
    Knowledge is power guys so keep it coming!
    Cheers.

  • Phil
    Jul 10, 2009 at 5:05 am

    @Mini US .. “Great explanation video.”

    Thank Stacy , not me !
    ;-)

  • Mini US
    Jul 10, 2009 at 5:05 am

    Re: Vaccinations.
    Didn’t Ron Paul say that previously the only people to die of swine flu in the US were the ones that took the vaccine?
    I’m sure I saw that on video somewhere.
    I’m not touching it. My dad had a flu jab one year and it knocked him about big time.
    “We’re just trying to help”
    Remember….
    Anything the govt wants you to do – Don’t do it!

  • Mini US
    Jul 10, 2009 at 5:06 am

    ooops, Thanks Stacy.

  • Youri Carma
    Jul 10, 2009 at 5:08 am

    GOLDMAN SACHS GANGSTERS PARADISE (Update 4) http://tinyurl.com/lkh5g2

  • snoop diddy
    Jul 10, 2009 at 5:29 am

    @MiniUS

    I think there was a Ron Paul vid out on swine flu where Ron Paul was talking about a flu epidemic in the 70s or 80s? but more ppl died from the vaccination than the flu in that epidemic.

  • snoop diddy
    Jul 10, 2009 at 5:36 am

    Here we go:
    Congressman Paul on the Recent Swine Flu Scare
    http://www.youtube.com/watch?v=TB5-Y08qbjo

    1976 swine flu
    1 dead from flu
    over 25 dead from vaccine

  • Youri Carma
    Jul 10, 2009 at 5:38 am

    Inflation Looming in China cause of Chinese forced spending and stock prices http://tinyurl.com/nmquft

  • Dustin
    Jul 10, 2009 at 6:03 am

    @Sharon.

    the usa classing vitimins as toxins is actually a UN mandate that goes into effect on 31st of dec 2009 and applies world wide. Its yet another Nazi idea dusted off for prime time and should be a good aid for the UNs population control goals.

    Its also why all the school dinners in the UK are changing as too many vitamins and minerals is bad for you now lol.

    its called Codex Alimentarius

    good link here to get up to speed

    http://video.google.com/videoplay?docid=-5266884912495233634

  • robert
    Jul 10, 2009 at 6:10 am

    Where the hell is Gordon Gecko?!!!!!

  • Youri Carma
    Jul 10, 2009 at 6:10 am

    Brown Manure, Not Green Shoots by Nouriel Roubini, http://tinyurl.com/kvma4a

  • Dan
    Jul 10, 2009 at 6:15 am

    @sharon
    “What really shocked me was when she said that the US gov were stating that nutrients were to be classed as toxins! wtf!”

    I believe you are referring to Codex Alimentarius which comes into play this December – brought to us by those lovely people at the WHO. I can’t wait;)

  • anything but green
    Jul 10, 2009 at 6:25 am

    @mike2liverpool, sharon, dustin

    Don’t you have a sixth sense telling you that Raima is a plant? Totally fake? She and her “ex”psyops husband have hijacked and disabled the anti-Codex A. movement. Easy to find out on the net.

    And good ole “ex” psyops Stubblebine is just one of the endless payrolled “truthers” doing damage control.

    The ACTORS are silencing and suppressing genuine voices.
    http://www.youtube.com/watch?v=aD1fzSBQmGw

  • sharon
    Jul 10, 2009 at 6:28 am

    @ Dan & Dustin,
    Yes………Codex Alimentarius! I’m aware of this but haven’t read the detail. Do they even bother to give us a scientific reason as to why nutrients are bad for us? No? Is that coz a 3 year old would know it’s bullshit? This is very similar to their views on carbon dioxide, as in it’s bad. Oh really?! So the fact the trees and plants breathe it in so that we get oxygen in return is what……a silly reason to think we might need carbon dioxide? Or that without it we wouldn’t even be here. And if we’re only producing less than 0.5% and the seas produce the majority who will levy a tax on the seas or try to reduce the production from that source? Silly me, the real source can’t pay taxes.

  • sharon
    Jul 10, 2009 at 6:33 am

    In this world of:-
    Black is white
    Freedom is slavery
    Nutrients are toxins
    Something that is converted into oxygen is not good for us
    Cooling temperatures are global warming
    Stock markets are rigged
    Governments run by corporations
    When, exactly when, will we say enough is enough? Viva la revolution!

  • Youri Carma
    Jul 10, 2009 at 6:35 am

    FDIC Said to Withhold CIT Debt Guarantees Due to Risk http://tinyurl.com/n9fmln

    FDIC Insurance Fund – It Doesn’t Actually Exist. It’s an accounting fiction http://tinyurl.com/6oc9kq

    Economist: FDIC gearing up for bank closures http://tinyurl.com/lb7mgk

  • Dan
    Jul 10, 2009 at 6:36 am

    @anything but green
    How do I know you’re not psyops? ;)

  • Youri Carma
    Jul 10, 2009 at 6:37 am

    Ex-Goldman Programmer Detailed His Code Downloads to FBI Agent http://tinyurl.com/n85re4

  • Youri Carma
    Jul 10, 2009 at 6:38 am

    Suzuki, Mitsubishi Urged to ‘Forget America’ as Sales Slump http://tinyurl.com/labhz4

  • anything but green
    Jul 10, 2009 at 6:39 am

    @Dan

    You don’t.
    If you can look at the “negative space” you’ll at least be able to identify some of the actors with certainty.

  • Dan
    Jul 10, 2009 at 6:43 am

    @anything but green

    That’s classic psyops talk.

  • anything but green
    Jul 10, 2009 at 6:45 am

    @Dan,
    Ha-ha + shiver-me-timbers (hairs standing on back of neck).

    But recovers, and returns:
    How would you know?

  • Dan
    Jul 10, 2009 at 6:54 am

    @anything but green

    *climbs back into CIA built flying saucer and teleports back into the secret opening in the left toe of the Sphinx at Giza*

  • anything but green
    Jul 10, 2009 at 6:58 am

    Where I must prepare a welcoming ritual for the next newly anointed head of state booked for a visit to the labyrinth below.

    (Sorry everyone. Dan started it, not me. I’m innocent, and will try to keep focused on um, what was the topic? Oh yeah, Goldman Sucks Sphinx Toes.)

  • Danny
    Jul 10, 2009 at 7:04 am

    @ Stacy

    Your sis might like this

    The Organic Monopoly and the Myth of “Natural” Foods
    http://www.counterpunch.org/cummings07092009.html

  • Phil
    Jul 10, 2009 at 7:19 am

    @Youri .. “FDIC Insurance Fund – It Doesn’t Actually Exist. It’s an accounting fiction”

    Youri,
    I haven’t checked out your link yet . but I agree, the FDIC is basically the taxpayer; so it doesn’t matter what “balance” they have in terms of “collected bank fees” , in then end, the taxpayer is on the hook when the big guys go BK.

  • Phil
    Jul 10, 2009 at 7:20 am

    @Youri .. addendum :

    … “But this is the government we’re talking about, so logic goes out the window. First, the FDIC insists its mythical bank insurance fund exists, when it really doesn’t. Then the agency does what it can to run the imaginary fund’s finances straight into the ground. Your tax dollars (sorry, “premiums”) at work. . . .”…

    Yeah .. as I thought !

  • Phil
    Jul 10, 2009 at 7:25 am

    Headed to National Socialism
    Mises Daily by Llewellyn H. Rockwell, Jr. | Posted on 7/10/2009 12:00:00 AM

    http://mises.org/story/3564

    I wonder if the US will want “von Mises” closed down ( Internet Censorship ) ?
    After all , they “criticise” ( a hate crime ? ) the Keynsian system !
    ;-)

  • Danny
    Jul 10, 2009 at 7:48 am

    Speech made by John Pilger July 4th in San Francisco.

    http://www.johnpilger.com/page.asp?partid=539

  • Mother Earth
    Jul 10, 2009 at 7:54 am

    @Phil Nice link, only the Art of War was written by Sun Tze, not Machiavelli, which leads me to believe the writer did not read it.

  • Mother Earth
    Jul 10, 2009 at 8:04 am

    An all seeing eye coming to your neighborhood…

    http://avpress.com/n/09/0709_s3.hts

  • white hunter
    Jul 10, 2009 at 8:13 am

    @Mother Earth

    Evidently, Machiavelli did write his own Art of War.

    http://en.wikipedia.org/wiki/The_Art_of_War_(Machiavelli)

  • white hunter
    Jul 10, 2009 at 8:18 am

    I can’t get the link to post properly. Anyway google art of war Machiavelli and you will find that he did write his version of art of war

  • Dedo
    Jul 10, 2009 at 8:33 am

    @white hunter,…or click on the disambiguation link top of page!!

  • Giuseppe Bagodonutti
    Jul 10, 2009 at 8:33 am

    (Straps on the Tin-foil hat of DOOM and begins channeling Double-Agent Timothy Leary and Master-conspirator Frank Zappa….oooommmm)

    Quick Breakdown of Goldman Sucks Software…

    File Size: 1.2 GB (still looking for it hehehe)

    Thanx to Serge’s STORM patents,
    the software can SNOOP on packets being sent through the telecom/network systems (reason why you need to be near the floor servers or closely linked into the telecom grid around NYSE)

    UNIX servers with weak (or no) encryption allows for easy analysis and translation of the “trading packets” being broadcast.

    Goldman intercepts the info, and is able to place block orders at $0.0001 higher or lower (depending on intent and insane pricing allowance of US markets) ahead of the “other” orders, thereby gaining market advantage at maximum profit.

    Market advantage = $100Million/month

    Time required for operation = <1ms (and that’s being generous)

    Time required for transaction on NYSE = 5ms

    Wowie ZOWIE…

  • Giuseppe Bagodonutti
    Jul 10, 2009 at 8:34 am

    addendum:

    I could be wrong about the TICK sizes allowed on the American Exchange…
    I am basing my numbers solely on observation of the tape…

  • juergenwahl
    Jul 10, 2009 at 8:39 am

    Get used to it – Goldman rules the world.

    Former Goldman execs in the highest levels of government at one time or another include: Joshua Bolten (White House Chief of Staff); Kenneth D. Brody (President’s Foreign Intelligence Advisory Board); Henry Fowler (Reagan’s Treasury Secretary); Robert Hormats (Asst. Secy. of State); Reuben Jeffery III (Under Secy. of State); Henry Paulson (Treasury Secretary); Robert Rubin (Treasury Secretary); John C. Whitehead (Deputy Secy. of State); and Robert Zoellick (Deputy Secy. of State). No other banking firm has had such a persistent, invasive presence into the apex of our increasingly corrupt, bastions of power.

    It is also interesting to see who were the top contributors to the Obama Presidential Campaign Fund: University of California $1,564,000; GOLDMAN SACHS $995,000; Harvard University $854,000; Microsoft $834,000; Google $803,000; Citigroup $ 700,000; J.P. MorganChase $695,000; Time Warner $589,000; Sidley Austin 589,000; and Stanford University $587,000.

    Of the top ten contributors, Goldman Sachs contributed 12% of the total. By class, 37% was contributed by universities; 29% by banks; 27% by corporations; and 7% by a megalithic, international law firm. When you add in the traditional Democratic constituencies of teacher and labour unions, top defense folks, and the sundry lawyer groups, you can discern the composite Piper who plays the tune to which the Obamans must dance. What a rum lot!

    And now for something else, while an increasing number of financial commentators are focusing upon the May-July Head and Shoulders (H&S) formation in the S&P500, it looks as though this bearish omen may be only a small part of a larger picture which presents opposite conclusions.

    Please see:

    http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=spx&sid=0&o_symb=spx&freq=1&time=8

    Since all news (with a tiny exception) is essentially a lagging indicator, and markets discount the future, albeit imperfectly, the stock market may be sending a message contrary to the current gloomy scenarios with which we are being constantly bombarded.

    Looking at our yearly chart of the SPX, it could be that the price action from Nov08 to the present is tracing out a huge, Head and Shoulders BOTTOM formation, with the left shoulder occurring in Nov08, the head in Mar09, and the right shoulder currently under construction (upon the breakdown from the recent, intermediate-term H&S top). An upside breakout of the neckline (between 960 and 1000, depending upon the date of occurrence) would signal a minimum upside target of 1250 for the Index.

    Is it possible that a new bull market could be forming under such dire economic circumstances and ridiculous valuations? Well, the market will do what it chooses to do and we mere mortals can find out why only after the postmortem: the trend is one’s friend ’til the end.

 
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