No joke: Goldman Sachs shorted Gulf of Mexico
It turns out that Goldman Sachs really did place shorts on TransOcean stock days before the explosions rocked the rig in the Gulf of Mexico sending stocks plunging while GS profits soared -- benefitting once again from a huge disaster, having done the same with airline stocks prior to 911 then again with the housing bubble.
Pure Energy Systems News
On Apr. 30, the Huffington Post published a story
In what is looming as another public relations predicament for Goldman Sachs, the banking giant admitted today that it made "a substantial financial bet against the Gulf of Mexico" one day before the sinking of an oil rig in that body of water.
The new revelations came to light after government investigators turned up new emails from Goldman employee Fabrice "Fabulous Fab" Tourre in which he bragged to a girlfriend that the firm was taking a "big short" position on the Gulf.
"One oil rig goes down and we're going to be rolling in dough," Mr. Tourre wrote in one email. "Suck it, fishies and birdies!"
Not being aware that the author, Andy Borowitz, is a comedian, scores of Internet sites ran with the story as being genuine. As of today, Google search on <Goldman Sachs shorted "Gulf of
Mexico"> pulls up 207,000 returns, beginning with the Huffington Post link. Many, such as
Infowars, pulled their stories when they realized the mistake.
Christopher Rudy noted:
The news about Goldman's bet against the Gulf comes on the heels of embarrassing revelations that the firm had taken a short position on the housing bubble, profiting from economic collapse, followed by more billions in government bailout support that paid out a couple billion in bonuses to thousands of loyal Goldman "officers" (corporate stakeholders).
We shouldn't be surprised. The owners of Goldman Sachs are the same Rothchilds co-owners of the privately held Federal Reserve Banking System, and they know how to play this game. Watch how Congress capitulates to Wall Street losses that the lap-dog press attributes to "bankster bashing".
Goldman Sachs just settled with the SEC for $450,000 (one guy's salary for a month; or the price of one nicer home lost, among millions due to the collapse) as punishment for shorting the mortgage balloon.
(Ref.) They made billions in the crime.
on April 30 in their "Top 10" recap for that week:
Shares of Goldman Sachs (NYSE: GS) fell about 7% this week as execs were grilled on Capitol Hill and then, later in the week, the SEC referred its fraud case against the firm to the Justice Department for possible criminal prosecution. While much of Wall Street cheered Lloyd Blankfein's snappy responses to an onslaught of questions, Main Street rejoiced as Carl Levin "stumped" other execs with "meaningful" interrogation tactics aimed at exposing the corruption within the US financial industry.
You can certainly see why people would be quick to believe the comedian's satire piece about Goldman Sach's shorting the Gulf of Mexico.
However, just because his piece was satire, doesn't mean there isn't something to it. The reason humor is funny is because it lampoons reality, providing an exaggerative and simplified caricature to bring out the key issues in a non-threatening way. Historically, especially in times of heavy oppression, the best truth tellers have been the comedians. Benjamin Franklin certainly used humor to his advantage in helping to win America's Independence.
A. True Ott, Ph.D., wrote the following to me last night:
I have confirmed that there were indeed numerous "shorts" placed on TransOcean stock just days before the "problem". Was it Goldman Sachs? That is yet to be conclusively determined (there is indeed a SEC investigation ongoing) -- but labeling something as "satire" is a lawyer's shrewd trick to keep from being sued for slander -- even if it is all true. Moreover, there were massive shorts placed literally seconds after the news hit the airwaves.
Who would dare to quote the actual e-mails from "Fabulous Fab", unless the writer would post them as a "satire" - especially after what happened to the Wall Street Journal writers who dared expose the 9-11 short sales involving Goldman Sachs. (They were assigned to Afghanistan, and had fatal "accidents" there.)
Dr. Ott has subsequently confirmed from two sources that Goldman Sachs was indeed in on the shorts being placed on TransOcean stock.
from Don Nicoloff documenting Goldman Sachs short puts on TransOcean stock.)
And he has confirmed that the comedian was aware of that as well.
Dr. Ott had me and Paul Noel
on his two-hour radio show yesterday talking about the viral article we posted,
"Mother of All Gushers Could Kill Earth's
In response to the alleged Goldman Sach's shorting story, Paul, who is an expert on the Gulf Oil subject, provided the following intelligence:
There is a reason they could have known the rig was going to fail up to two weeks ahead of its failure. The nature of these wells is that they leave the drill mud in the well and compress using very heavy drill mud to keep the well from blowing up unlimited. The well would begin to bump (similar to boiling a big bubble) and the acoustic signals would tell the rig was in trouble that far ahead. Goldman Sacks could just have had inside info. They also know the scale of things. This is the best explanation. It could be otherwise.
If you were going to sabotage a drilling team, all you would have to do is load a lighter mud in the mix as they pulled a drill pipe. .... There are lots of ways to have this happen either accidentally or deliberately. Goldman teams are great on statistical stuff sort of like the odds of rolling dice. They might just have figured stats for probability of a failure.??? Of course we could surmise other reasons are possible.
In our interview with Dr. Ott yesterday, both Paul and myself pointed to the magnitude of this disaster as hopefully a death knell to the oil industry, spurring people to finally provide the support needed to get the myriad of
free/renewable energy technologies
that have been languishing into the marketplace. These would not only be much cleaner than oil, without the huge environmental consequences and risks, but in many cases they could be cheaper than fossil-based energy; and many of them provide distributed capability removing the need for a central grid.
This revelation about those with insider knowledge in fact shorting the TransOcean stock prior to the explosions, will hopefully also spell the beginning of the end of the ultra corrupt financial faction who have wrested control over the worlds financial organs. Their days are numbered as they show their true colors in the midst of an increasingly enlightened populace who will not continue to take their abuses. These ultra power and wealth addicts need to be humbled by serving time in prison with common criminals who will not give them privileged treatment. A bullet or lethal injection would be far too merciful and dignified.
Do we have a shred of clean justice left in our corrupt government system which has been bought out, blackmailed, threatened, or otherwise brought under the control of these New World Order manipulators?
It's a dark day in which we live. But I am confident that brighter days are ahead. This time of transition is going to be a wild ride.
# # #
Related Coverage by PESN
how big is that gusher in the Gulf of Mexico? - After having
been pasted by hecklers on Slashdot,
saying that riser was only 21 inches in diameter, not five feet, so
his estimates on the oil flowing from the BP well must have been
wrong, Paul Noel rebuts with additional information that confirms that
the this gusher has been releasing more oil every day than the Exxon
Valdez catastrophe. (PESN; May 23, 2010)
volcano of oil erupting - New video showing largest hole from pipe 5
feet in diameter spewing oil and natural gas at ~4 barrels per second, along
with analysis of the amount of oil on the surface, supports the estimates
closer to 1 million barrels per day erupting from this hole BP popped in the
ocean floor that contains trillions of barrels of oil and natural gas. (PESN;
May 13, 2010)
gusher danger not passed - With BP applying several fixes to
the leaking well and the spreading oil, people might tend to classify
this spill as "just another spill" among so many, which will
go away after a while. A bigger blowout is still a very real possibility, and
the repercussions of the oil spilt are far-reaching. (PESN; May
Impact / Conspiracy
joke: Goldman Sachs shorted Gulf of Mexico - It turns out that
Goldman Sachs really did place shorts on TransOcean stock days before
the explosions rocked the rig in the Gulf of Mexico sending stocks
plunging while GS profits soared -- benefitting once again from a huge
disaster, having done the same with airline stocks prior to 911 then
again with the housing bubble. (PESN; May 5, 2010)
of all gushers could kill Earth's oceans - Imagine a pipe 5
feet wide spewing crude oil like a fire hose from what could be the
planets' largest, high-pressure oil and gas reserve. With the best
technology available to man, the Deepwater Horizon rig popped a hole
into that reserve and was overwhelmed. If this isn't contained, it
could poison all the oceans of the world. (PESN; May 2, 2010)
Horizon debacle pushes alt energy - In addition to devastating
ecological despoiling, the oil slick could shut down Mississippi River
transport, effecting nearly half of U.S. import/export commerce. The
damage to the tourism industry in Alabama and Florida could top $25
Billion a year for several years. Faced with this disaster the Obama
Administration has just stopped all off shore drilling. (PESN;
May 1, 2010)
Other forums that have picked up this story include:
See http://www.google.com/search?q=No joke: Goldman Sachs shorted Gulf of Mexico
(22,300 and counting)
Other Links to This Story