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Here's something you probably don't know, and it will really tick you off.
You probably do know the biggest banks in the world have commodities businesses.
Those lines of business might include trading desks (trading everything from gold and copper to kilowatts), transportation (pipelines, railcars and tankers) and storage (warehousing) operations, mining operations, as well as production, refining, and raw and finished commodity distribution operations.
What you probably don't know is that one of the "commodities" a few of these monster banks (Goldman Sachs and Deutsche Bank) trade is…are you ready?
Okay, I'll tell… but you won't believe it.
The Dangerous Stockpile
I'm talking about uranium.
That's uranium, as in "yellowcake," the nuclear fuel ingredient. As in the stuff nuclear bombs are made from. Yeah… That's uranium.
Right now Goldman Sachs and Deutsche Bank are sitting (not right on top of, though we could only wish) on some 5,511 tons of yellowcake.
It's stockpiled in approved warehouses, of course. And safe and sound, of course, because these big banks are always the trustworthy fiduciaries of every business they diabolically manipulate, that is, until they lose control of it.
What can you do with 5,500 tons of yellowcake? Why, you could fuel all of China's nuclear plants for a year, or 20 standard nuclear plants anywhere.
Or, you could build 200 nuclear bombs.
No one, least of all me, is accusing Goldman or Deutsche Bank of any wrongdoing when it comes to their nuclear ambitions.
But, I'm just going to put it out there.
And no, I'm not singling out Goldman (okay, maybe a little) because they've been caught manipulating a few things before. That list is long enough… and a study of how cloak and dagger they are when they're doing God's work (for their enormous bonuses) undermining governments and businesses, their own clients, and every other institution on Wall Street. It's nothing short of scary.
Are we supposed to believe that Goldman and Deutsche Bank are above reproach?
In the face of all they've done, are we to believe they're going to not only have their yellowcake but have us eat it too?
With their ability to manipulate governments, governments that they finance, and government officials they practically own, are we supposed to believe that Goldman Sachs isn't going to sell yellowcake to the highest bidder to make the most money it can?
Not, of course, that they'd ever sell yellowcake to Iran, or Syria, or North Korea, or Sudan.
But other people would. And since Goldman and other giant, all-powerful quasi-nation state banks own the trading channels, transportation, and warehouse facilities and can daisy-chain any commodity through any underground railroad they want, are we sure that the highest bidder trading with Goldman or Deutsche Bank isn't going to deliver their yellowcake to any of our enemies?
This has gone too, too far. The big banks are dangerous oligopolies. God help us if they aren't broken up or effectively dismantled and reduced to good old fashioned lending businesses.
Or am I just being paranoid?
More From Shah
Goldman Sachs isn't the only big bank in Shah's sights. None of the Wall Street banksters are spared. Just look what he did to JPMorgan… Full Story
About the Author
Shah Gilani boasts a financial pedigree unlike any other. He ran his first hedge fund in 1982 from his seat on the floor of the Chicago Board of Options Exchange. When options on the Standard & Poor's 100 began trading on March 11, 1983, Shah worked in "the pit" as a market maker.
He helped develop what has become known as the Volatility Index (VIX) - to this day one of the most widely used indicators worldwide. After leaving Chicago to run the futures and options division of the British banking giant Lloyd's TSB, Shah moved up to Roosevelt & Cross Inc., an old-line New York boutique firm. There he originated and ran a packaged fixed-income trading desk, and established that company's "listed" and OTC trading desks.
Shah founded a second hedge fund in 1999, which he ran until 2003.
Shah's vast network of contacts includes the biggest players on Wall Street and in international finance. These contacts give him the real story - when others only get what the investment banks want them to see.
Today, as editor of 10X Trader, Shah presents his legion of subscribers with the chance to earn ten times their money on trade after trade.
Shah is also the proud founding editor of The Money Zone, where after eight years of development and 11 years of backtesting he has found the edge over stocks, giving his members the opportunity to rake in potential double, triple, or even quadruple-digit profits weekly with just a few quick steps.
Shah is a frequent guest on CNBC, Forbes, and Marketwatch, and you can catch him every week on Fox Business's "Varney & Co."
He also writes our most talked-about publication, Wall Street Insights & Indictments, where he reveals how Wall Street's high-stakes game is really played.
I could not agree more with your article. I wonder when the public will wake up to the fact that markets are rigged by them and the others. Time to take them all down and jail the management. There is no hiding that they didn't know.
At last some of you are getting to the core of our problems. The CIA is running our government, has been in full control since George Bush 1st was made President and their boys have been in office ever since,
The world's finances have been owned by the "intelligence" agencies in Britain since the mid noneteenth century as a consequence of the so called Opium Wars, and after WWI, the decision was made to transfer the control of these growing reserves to the American branch and it has escalated since then. The Federal Reserve does not serve banks et al, it serves the CIA, a Brit/American amalgam, and as was done by the revamped City of London for the "Empire", is the conduit for the funds needed and operated by the agencies for their myriad operations all over the globe, including both legit and illegit operations. You can justify this thesis just adding up the costs of overseas activities of the many government groups dispensing aid and comfort in both the British "budgets" and the American ones for such monetary transfers . Amazingly, they tally with the actual figures for international trade and commerce.
Yellowcake has featured in some remarkable political exchanges in our Era and it is easy to see why. Our oldest threat is "Nuclear War" ever since the USA introduced it and is worth trotting out whenever the CIA wants more money for its government to spend. Having GS hold the world's mobile supply in warehouses is logical for this purpose since it can be funnelled for another crisis anywhere the CIA wants it to happen. As you have seen they have virtual impunity even when their operations are looney or catastrophic!
This is the Brave New World and Huxley described it very well. So did Orwell and even 007. It was a brilliant creation aided and abetted by Sherlock Holmes by Conan Doyle,Dickens in his folksy tales of business and finance , Kipling and his tales of heroics in India, Dr.Livingston I presume in Africa and Lawrence of Arabia, the last two done with collaborative Americans. OO7 was pure Brit bravado but a host of Americans outdid him in the last twenty years, Col. North still working that angle, out in the open for the CIA!
I am so amazed that so many so called intelligent people do not understand what moves our world. God knows they have been given the facts in popular literature and news reports and movies, radio and TV and the internet but still they think that world is fiction and the world they live inexplicably real!
Regards, Alice Maxwell
Yellowcake is the enriched form of uranium using some isotope of flourine. Maybe Goldman owns much of that too! Quite a concept for a disaster/sci-fi/suspense flick or book…. one of these financial institutions builds a functioning nuke and uses it, or much more likely sells to someone who desires to do so. The true definition of terrorism… a desired political, financial or military response or policy for hire that cannot be acted out directly by the hiring party for obvious reasons. Goldman certainly also had a hand in the mortgage-derivates meltdown as well. But think you will ever see Lloyd Blankfein in prison? No, but he was however a frequent name on the White House guest list to see Obama during the unfolding of the whole fiasco. Greed and corruption are beyond normal expected amounts and are now just accepted. The stock market is proped up by federal reserve QE and manipulated through HFT and incest of portfolio policy and makeup. Not that you cant make money in a rigged poker game, just know what you are getting into when you sit down at the table. Commodoties are even more manipulated in some circumstances, but if you know that going in, there is still chance to get your piece of pie. Sooner or later this all has to come back to sanity and reality, just how bad will the reset and transition be? The biggest problem is the shear amount of denial, ignorance, and apathy as we walk right into it.