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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Silvernuts

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Dead Man Walking

posted on Mar 10, 2009 09:04AM

Good movie, good metaphor

Note: If a bank like G Sachs KNOWS it has a derivative problem (it has) and credit default swaps are like bookie plays, bets, on whether or not a valuation of a company (or other paper asset like a bond) goes up or down, then to counteract the failings of "bad bets" on some of the assets on its books, it could (and does) involve itself in "insider trading" against corporations and/or (likely) illegal shorting of other corporations in order to address its balance sheet problems...Such activities are in reality blatant looting of the system, completely fraudulent, and are destined (designed?) to destroy whatever health remains in the financial and equities landscape. This is a probable reason why Goldman has held up better than some of the others....But like everything that the PPT does,,,and the administrations/Fed/Treasury fiscal policies (including rigging the markets - including the p metals) all of this is designed to buy time for the empire.....There is likely no light at the end of the tunnel save the one that illuminates, increasingly, that which is described above.....

Since Goldman and the rest of the large banks are being protected as much as is humanly possible even as the rest of the mainstream economy (except the counterparties to the default swaps) is ignored by the TARP plans, it speaks to the concept that the US administration - including the institution of the presidency- is now part of a larger unofficial body known as "the den of thieves". This now includes president Obama, it seems, as the newest member of note.