Business as usual for the players at Goldman. Venezuela’s opposition party is accusing Goldman of ‘aiding and abetting’ the murderous dictatorial regime via the purchase of state oil backed bonds. I suppose the opposition party would like Goldman, and other bankers, to apply an ethical code to their investments. This is naive thinking, especially in a world filled with murderous regimes.
The Wall Street Journal reported yesterday that Goldman had purchased $2.8b worth of bonds for 31 cents on the dollar (~$865m) for state oil company PDVSA, maturing in 2022.
Source: Reuters
“Goldman Sachs’ financial lifeline to the regime will serve to strengthen the brutal repression unleashed against the hundreds of thousands of Venezuelans peacefully protesting for political change in the country,” wrote Julio Borges in a letter to Goldman Sachs President Lloyd Blankfein.
“Given the unconstitutional nature of Nicolas Maduro’s administration, its unwillingness to hold democratic elections and its systematic violation of human rights, I am dismayed that Goldman Sachs decided to enter this transaction.”
The letter adds that Congress will open an investigation into the transaction and that he will recommend “to any future democratic government of Venezuela not to recognize or pay these bonds.”
A Goldman Sachs spokesman said the bank declined to comment.
Venezuela’s Information Ministry, which fields queries on behalf of the Finance Ministry, did not respond to requests for comment.
The bonds were not sold directly by Venezuela’s central bank but rather through an intermediary, three finance industry sources, including one from Goldman, told Reuters on Monday.
“The intermediaries are in Europe,” said the source at Goldman.
Mercenary capitalism, the most profitable type of trade.
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Unpossible. Goldman, the (((squid))), doing God’s work again?
Serious question – what is the check to privately owned central banks? Is it an armed citizenry? Maybe nothing puts them in check?
Serious answer:
When the United States and England loaned Mexico money in 1903 using its customs revenue as collateral, Illuminati banker Jacob Schiff cabled his English counterpart, Ernest Cassel: “If they don’t pay, who will collect the customs?”
Cassel replied: “Your marines and ours.” (The Life of Otto Kahn, p. 22)
Marine General Smedley Butler (1881-1940) confirmed that he was “a high class muscle man for Big Business, for Wall Street and the bankers.”
In War is a Racket (1935) he wrote: “I helped make Mexico, especially Tampico, safe for American oil interests in 1914. I helped make Haiti and Cuba a decent place for the National City Bank boys to collect revenues in. I helped in the raping of half a dozen Central American republics for the benefits of Wall Street. The record of racketeering is long. I helped purify Nicaragua for the international banking house of Brown Brothers in 1909-1912. I brought light to the Dominican Republic for American sugar interests in 1916. In China I helped to see to it that Standard Oil went its way unmolested.”
Flash forward to 2011 when NATO fomented and led a “revolution” in Libya, one of only four countries that didn’t have a Rothschild central bank. Now Libya does. They don’t call it imperialism anymore. They call it “Our mission in Libya.” Soldiers aren’t mercenaries; they are “missionaries.” Now they’re after Syria, North Korea and Iran, three of the four remaining countries without a Rothschild central bank.
credits:
https://tinyurl.com/ya373sue
Will the pendulum ever sway the other way? Do we care? I mean, most of us are doing alright?
Wait until they find out that GS not only bought bonds at a huge discount, but they also played the Venezuelan stock market, which is up 7X from last summer. Best performing stock market in the world.
Zimbabwe had the best performing stock market in the world for a while too.
Yep. It’s all because of inflation. When measured in bolivares, they’re up astronomically; in dollars, they’re probably down some.