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Trump Tells Americans to Prepare for "Financial Ruins"

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posted on Jul, 28 2013 @ 06:25 PM
I guess the Zimmerman distraction has kept everyone away from seeing the latest scheme by Goldman Sachs. The original post can be found HERE and i thought THIS was pretty weird, considering it's dated 2012. For those that missed it, here's what happened.

Goldman Sachs Aluminium Moving Scheme

The Federal Reserve is currently "reviewing" a landmark 2003 decision that first allowed regulated banks to trade in physical commodity markets.

Why exactly shouldn't banks be able to trade physical commodities? To see one argument, take a look at a big report from David Kocieniewski in today's New York Times.

Hundreds of millions of times a day, thirsty Americans open a can of soda, beer or juice. And every time they do it, they pay a fraction of a penny more because of a shrewd maneuver by Goldman Sachs and other financial players that ultimately costs consumers billions of dollars.

According to Kocieniewski, a Goldman Sachs-owned company has been involved in an elaborate plan to move around aluminum in a way that has inflated market prices. The report states that every time an American consumer buys a product containing aluminum, they pay a price that has been affected by this maneuver. Sources told The New York Times that in total the plan has cost American consumers more than $5 billion over the last three years.

If the practice is as the Times describes it, it is very hard to see what value is given to society by the activity. A loose coalition of companies that use aluminium — including Boeing and Coca-Cola — have begun to put pressure on Goldman. However, the issue may go beyond aluminum — JP Morgan, Blackrock and Goldman have all been given approval by the SEC to buy a large amount of copper available on the market and stockpile it, Kocieniewski reports.
And this is what Goldman Sachs had to say via Twitter

Read our fact sheet on our role in the physical commodities market

Here's a quick glance of that fact sheet

As part of our activities as a market maker, or intermediary between buyers or sellers, in commodities and commodity futures and derivatives, Goldman Sachs, like a number of other financial institutions, holds physical commodities in inventory

Then, i came across this.

Traders Are Talking About A Gold Conspiracy Theory And There's Evidence To Back It Up

Wall Street veteran Art Cashin addresses one such theory in this morning's Cashin's Comments. He builds off of this weekend's New York Times' story about Goldman Sachs' aluminum warehousing operation and Monday's gold spike.

But today, i came across this: Trump Tells Americans to Prepare for "Financial Ruins"

The United States could soon become a large-scale Spain or Greece, teetering on the edge of financial ruin.

That’s according to Donald Trump, who painted a very ugly picture of where this country is headed. Trump made the comments during a recent appearance on Fox News’ “On the Record with Greta Van Susteren.”

According to Trump, the United States is no longer a rich country. “When you’re not rich, you have to go out and borrow money. We’re borrowing from the Chinese and others. We’re up to $16 trillion in debt.”

He goes on to point out that the downgrade of U.S. debt is inevitable.

“We are going up to $16 trillion [in debt] very soon, and it’s going to be a lot higher than that before he gets finished. When you have [debt] in the $21-$22 trillion, you are talking about a downgrade no matter how you cut it.”

Ballooning debt and a credit downgrade aren’t Trump’s only worries for this country. He says that the official unemployment rate of 8.2 percent “isn’t a real number” and that the real figure is closer to 15 percent to 16 percent. He even mentioned that some believe the unemployment rate to be as high as 21 percent.

In 2006, Wiedemer and a team of economists foresaw the coming collapse of the U.S. housing market, equity markets, private debt, and consumer spending, and published their findings in the book America’s Bubble Economy. Editor’s Note: See the disturbing interview with Wiedemer. But Wiedemer’s outlook for the U.S. economy today makes Trump’s observations seem almost optimistic. Where Trump sees ballooning debt and a credit downgrade, Wiedemer sees much more widespread economic destruction. In a recent interview for his newest book Aftershock, Wiedemer says, “The data is clear, 50% unemployment, a 90% stock market drop, and 100% annual inflation . . . starting in 2012.” When the host questioned such wild claims, Wiedemer unapologetically displayed shocking charts backing up his allegations, and then ended his argument with, “You see, the medicine will become the poison.”

And last, but not least, there's this. Here's The Real Reason Why Wall Street Is Freaked Out About The Insider Trading Charges Against SAC Capita

According to Bloomberg, SAC is one of the biggest clients for Morgan Stanley and Goldman Sachs. The fund has also been a client for prime brokerage services to JPMorgan, Credit Suisse and Barclays, the report said. It's not just banks that are worried. DealBook's Peter Eavis reports that it's possible the impact could go further down the line.
Did someone turn the lights on, in the kitchen. Roaches are everywhere. Is now a good time to sell??? I'll leave you with this.

edit on 28-7-2013 by WonderBoi because: (no reason given)

edit on 28-7-2013 by WonderBoi because: Title Change and edits

posted on Jul, 28 2013 @ 06:55 PM
edit on 28-7-2013 by retirednature because: (no reason given)

posted on Jul, 28 2013 @ 07:01 PM
Basically, it is forcing the world to pay more for basic commodities...

posted on Jul, 28 2013 @ 07:10 PM
If I'm not mistaken, Goldman Sachs has purchased some large mothballed factory sites and are using them to store Aluminum in Detroit. I read an article about it about a year ago. Seems they have figured out yet another game for them to rig. All that's left is for GS to ask the Government for a tax credit or write-off to for their venture.

ed it on 28-7-2013 by pavil because: (no reason given)

posted on Jul, 28 2013 @ 07:37 PM
reply to post by pavil
I once had a boss with the same mentality, as these people, that find ways to plot and scheme just for a profit. Money is like a drug. One sniff and you're hooked. These corporations steal billions of dollars and get a slap on the wrist, when they caught. A man steals a piece of bread, to feed himself, and gets life in prison.

Boycott Aluminum. lol

posted on Jul, 28 2013 @ 07:41 PM
What happens to people in countries when they go bust and they have debt...
IE, If a country is ultimately heading to chaos on the finance sector, should someone work their titties off to get rid of all debt before it occurs? or will their debt just be meaningless when the finance sector collapses?

posted on Jul, 28 2013 @ 07:46 PM
the end is near,.
just embrace it,.
maybe go out and buy a few weeks worth of food.
or some silver ..or gold to trade with

posted on Jul, 28 2013 @ 08:08 PM
reply to post by Lil Drummerboy

The Ecnomic Collapse of the United Staes will happen in the Next 6 Months . Be Prepared People...
edit on 28-7-2013 by Zanti Misfit because: (no reason given)

posted on Jul, 28 2013 @ 08:57 PM
Wow, a bank trying to manipulate the market. Amazing. Now vertical control of the commodity you trade on. Brilliant! I wonder why no one thought of that before? Oh yeah, it was probably regulated by the evil regulator-happy, Constitution-humpers holding back the raw power of of our heroes, the humble bankers.

Sounds similar to the church back in the day selling indulgences. Sort of the same thing: control of the market from all angles. How can you lose?

posted on Jul, 28 2013 @ 09:25 PM
it has been a good long while since I last had that ole' "feel it in the gut" type of doom.

I am fairly well convinced that the edge of the cliff is quickly approaching.

do you think there will be bombs?

posted on Jul, 28 2013 @ 09:35 PM
I'm still rather green when it comes to Economics. So I feel the need to ask those that are wiser than I: What will happen if/when the U.S. does crash and burn? What I mean to say is, how will it effect the global market? From what I've read on other threads, some posters seem to believe that if the U.S. goes, the entire market will collapse like a house of cards.

Is this an accurate thought? Or will other countries be able to scrape by relatively unscathed? I'd really appreciate any input because, frankly, I'm out of my depth here.

posted on Jul, 28 2013 @ 09:57 PM
I'm into financial global some point within 2 years we will be busted, have faith

posted on Jul, 28 2013 @ 09:59 PM
America is no longer rich because guys like Trump have figured out how to corner all the money. The top 100 or so have more net money than has been created in the history of the world. The resulting deficit is covered by the total outstanding debt of our governments and citizens. Sorry Donald but if there wasn't so much debt, you couldn't have so much money.

posted on Jul, 28 2013 @ 10:51 PM
Just wanted to share this thread with everyone.

If people don’t wake up to what is going on, they’re going to get hurt

Seems like things are starting to really pick up. Someone asked, what happens when it does collapse? Think: Zombie Apocalypse, within minutes.

posted on Jul, 28 2013 @ 11:07 PM
Trump is saying what other wealthy individuals have said before him. He's just saying this for publicity. Not that this won't happen, necessarily, just that his intent is not to bring insight or clarity to the situation out of the goodness of his heart.

What's happening has been called out on sites like ATS for many years. The wealthy elite have lobbied congress to deregulate industry in order to monopolize various sectors through their financial, and corporate entities. The overall goal, and intent is rather straight forward.

We're on an unsustainable course, and the elite are trying to cause a controlled collapse by taking over industries and guiding them as they choose. They want to further centralize authority, take away civil liberties incrementally, and as the circumstances demand, while sinking the "unfit" and viewing from binoculars on lifeboats. Eventually, the whole damned ship is underwater, people are drowning in an ocean of inflation/debt, and they're paddling to a new ship to start the process all over again.

posted on Jul, 28 2013 @ 11:30 PM
Not to detract from your point OP, but I just love it when people use Trump as some kind of financial guru. This is the man who filed bankruptcy FOUR times and is still worth over 2 billion dollars.

First things first: Donald Trump has filed for corporate bankruptcy four times, in 1991, 1992, 2004 and 2009. All of these bankruptcies were connected to over-leveraged casino and hotel properties in Atlantic City, all of which are now operated under the banner of Trump Entertainment Resorts.

Talk about using the system.

Anyway, we've been going down the rabbit hole for a while. I think a lotta people thought Obama might somehow turn the tide but he just turned a wave into a tsunami.

posted on Jul, 28 2013 @ 11:45 PM
reply to post by WonderBoi

I posted on the Aluminum scam by Goldman on the 23rd but must say you did a much better job of pulling multiple facets together.

posted on Jul, 29 2013 @ 12:14 AM

Originally posted by liveandlearn
reply to post by WonderBoi

I posted on the Aluminum scam by Goldman on the 23rd but must say you did a much better job of pulling multiple facets together.
Thanks. I just learned about all this stuff, today. I saw an article on business insider, a few days ago, bookmarked it, but the article was gone. I started diggin' for that article, and came up with all this other juicy stuff, which coincided with the article i was looking for. Tie all this information in with Detroit's bankruptcy and we can see who's responsible for turning America upside down. Pretty crazy the way these billionaires getting away with stealing billions. It just makes you wonder, how much they've really stolen from us.

posted on Jul, 29 2013 @ 12:57 AM
The Trump article is from Nov 2012 isn't it?

I wouldn't regard Money News as any credible source either.

posted on Jul, 29 2013 @ 05:50 AM
reply to post by WonderBoi

Stockpiling key industrial metals like aluminium, copper etc. looks like preparation for war.

It makes sense only if this is war related. Otherwise it does not make much sense. As hoarding affects the price only temporarily and it does not necessarily benefit the hoarder.

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