Peter Symonyi aka Peter Haller – Who’s fist is this anyway?

Here is one you really dig, I am sure.

Who’ s Peter Symonyi and who’s Peter Haller?

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The web is talking about a guy called Peter Haller who worked as the VP of commodity compliance within Goldman Sucks until SHTF in 2008. He quit for undisclosed reason, changed his name to his mother’s maiden name “Haller” an reappeared on the scene as Peter Haller.

Now while this is surely legit for anyone the thing gets a certain spin if you consider this:

 It has emerged that he now works as a senior aide to Darrell Issa, the Republican congressman who chairs the House oversight committee.Last month, Mr Issa wrote to government regulators including Ben Bernanke, the chairman of the Federal Reserve, to complain about new regulations on financial firms. “These non-transparent and possible inefficient rules place our fragile economic recovery at risk while doing little to prevent a future financial crisis,” said the letter. It warned that the new rules, which Goldman has spent millions of dollars lobbying against, could harm the operations of firms “such as Goldman Sachs and Morgan Stanley”

So let me get that straight:

Some VP of a branch of GS leaves the company in order to change sides and be a regulator. As a regulator he then proposes under a different name to the legislation to lift regulations on banks, especially the company that he previously worked for.

Now some of you may know that this is the thing that GS perfectioned over the last 25 years. You leave the company, join government or regulation authorities, change the legislation by lobbying and go back to be promoted wihtin the organisation. If you look at government, regulators in the US today they were employees for GS at least one time in their life.
What makes this so outstanding is how blatant they are doing it now. The look you right in the face while telling you to “fuck off” as there is no fear of consequences. Business as usual.
At least for GS.
…but go figure out for yourself!
The Angry Rottweiler

Message from Goldman Sucks to Mr.Q: Up yours!

Looks like GS got Mr.Q hooked with some crazy deals in 2008 and when the investments nose dived to 2% of initial value SHTF:

Between January and June 2008, Goldman execs set up a $1.3 billion investment in option contracts on Citigroup, Italy’s UniCredit, Spain’s Banco Santander, German insurer Allianz, French energy company Electricite de France, Italian energy company Eni.  The investment, which also included a basket of currencies, worked on the thesis that the stocks would rise in value.

Interestingly all those counterparts governments are interested in overthrowing the guy. Now it wouldn’t be GS if they would not make another deal well knowing that this get the full attention of Washington.

In their attempts to fix the relationship and make up for the losses, Goldman executives offered Libya various investment options that included large stakes in the company.  Negotiations which included CEO Lloyd Blankfein, CFO David Viniar, and European top exec Michael Sherwood, resulted in the company offering to finance a $3.7 billion investment that would give LIA $5 billion in stock and a payment of 4% to 9.25% annually for 40 years.  There were other offers including preferred shares, unsecured debt, a special purpose vehicle in the Cayman Islands, and investments in credit default swaps.

After meeting for the last time in June 2010, the deal never materialized.  As of that date, the LIA had about $53 billion in assets.  In 2011, after civil war erupted in Libya and Gadhafi said he would not step down, the U.S. government seized about $37 million in Libyan funds, including some still managed by Goldman Sachs, according to the Journal. (Read Gadhafi’s $30 Billion In US Assets Blocked By Treasury).

So Mr.Q would have been a shareholder of GS? No way.  GS  & friends finally got rid of this problem with some help from their cronies in the military and by the rebels to which they surely funneled some US tax payers money to.

As always GS will surely be in for more profits as the rebels will not ask for the money to be returned as they are in GS back pocket. Anyway, we have learned some months ago that the rebels had established their own oil company in April, supposedly to pay back for the weapons suppport they got after their victory.

Mustafa Alani, of the Gulf Institute of Strategic Studies in Dubai, said the shoulder-launched weapons were a significant addition to the rebel arsenal because Nato aircraft could not target Libyan armour in built-up areas without risking collateral damage. Helicopters could do so but there is evident reluctance to deploy them.

“These missiles need minimum training. It’s aim and shoot,” Alani said. “They are effective especially against the old generation of Soviet-made T72 tanks.” Journalists in eastern Libya last week reported seeing rebels armed with Milan missiles for the first time.

Qatar’s armed forces are themselves equipped with the Milan but Alani said the weapon could have been bought by the Qataris directly from France for delivery to the Libyans.

Needless to say that GS surely had bets on all of the possible outcomes and makes some dollars out of it whatever the outcome is. But with unlimited military support you don’t need to be the sharpest tool in the shop to realize who will win.

Next up on the show is the question: who get’s his hands on the biggest fossil water resources on earth deep below the lybian desert ? (for it is the game of the 21st century if you don’t heard of it yet). The french are frontrunning the rest of the NATO gang with Veolia, which of course the nation that fires the first shot seems to be entitled to.

Anyway congratulations, GS!

Dictators of the world, learn your lesson. Don’t every ask GS for repay or JPM for your gold! Next stop of the roadshow: Venezuela

But go figure out for yourself

The Angry Rottweiler

In memory of….

all the friends that Mr. Qaddaffi has made over the past years. While Mr.Q is surely having his Adolf Hitler moment deep down in “Fuehrerbunker” it might be a comfort that some of us also appreciate what he has given all the world to see: We are ruled by the same likes, except they dress differently and may not have female bodyguards…May be some of them miss you already, Muammar!

With a little help from my friend! Electoral campaign funding for Sarko, Qaddaffi son wants money back!!

…..and finally look who made a fortune to arm him, just to fight him later. How many have died for the deal?

BTW: Qatar is buying oil from the rebels, buys anti-tank missiles in France and delivers them to the rebels instead of the french delivering it directly.

Go figure out for yourself

The Angry Rottweiler

Phyrric victory?

We all see the pictures of people cheering in the streets for the end of the Qaddaffi regime, but I believe we are going to see things different in some weeks from now. While it is good to know that the regime is over the question that will arise sure enough is whether this will turn out to be a phyrric victory for all those standing their celebrating their “liberation”. The bets are that they will just find out later that they handed their sovereignty and their countries wast reserves of oil and water to the international banking cartel.

Take a look at the movements in Egypt for example. It was praised for being the uprisal of the people for democracy and against the kleptocratic regime (that was setup in the 60s by the west) the movement for democracy has been halted by the military which now unofficially controls the country. In fact today an average Egyptian does not live different than before the uprisal against Mubarak. Political reforms are not progressing as the military rules the country, relying on the same corrupt apparatus that has been installed by the former leader. Given that the egyptian military has been sponsored by the US for more that 35 years now you can guess who is in charge.

Now Lybia is different. The west has allowed the armament of wider parts of the population and indeed even delivered weapons (which the rebels sure have to repay for with some oil contracts and access to the fossil water reserves later. See my article on Veolia, the biggest french water supply company here). Also note that while fighting might be ending today this advance to Tripolis has only been possible through a massive NATO air support in the last 48 hours.

Looking into the future of the country there is a high possibility that the war will most likely split the country, either geographically or due to different armed factions which are domintated by tribal objectives. This might end in internal violence sort of like the Iraq has been facing ever since the US invaded if the rebels cannot manage a proper transition into the post Qaddaffi era.

Given the richess in natural ressources and tribal arrangements within the lybian society this could even turn out to be a next Afghanistan, with a paid goverment sitting in Tripols with limited if no control over vast area of the country. While this may be the most horrible situation for the lybian people by far it could be exactly what some powers in politics and banking would like to see: A lybian population that is detracted from the looting of it’s natural wealth by the daily struggle to survive and to cope with reality in this social experiment that is to come after the Qadhaffi regime.

As stated before, all the help and assistance given by the NATO is surely not for free. Those who follow the matter should know already that the rebels have created their own oil company in order to pay out for the NATO assistance back in March/April. While Qatar is the buyer ask yourself why a country with own ressources should buy up foreign oil. Guess just a proxy to funnel the money to the real masters….

But go figure out for yourself

The Angry Rottweiler

Hitting 1900 USD today?

Look to the right side of the page and watch the KITCO gold chart showing the price for 1 ounce going through the roof. Are we seeing the fall of the 1900$ barrier? I think so. Now interestingly this time Silver is also going up in parallel. While I leave the analytics to people like Turd Fergusson it looks like real panic is taking control, especially when the DAX took a hit this morning.

“I recommend you panic!”- Hugh Hendry, 2010