:: NEWS
04/18/2014
04/17/2014
04/16/2014
food
How Goldman Sachs Created the Food Crisis - Demand and supply certainly matter. But there's another reason why food across the world has become so expensive: Wall Street greed.It took the brilliant minds of Goldman Sachs to realize the simple truth that nothing is more valuable than our daily bread. And where there's value, there's money to be made. In 1991, Goldman bankers, led by their prescient president Gary Cohn, came up with a new kind of investment product, a derivative that tracked 24 raw materials, from precious metals and energy to coffee, cocoa, cattle, corn, hogs, soy, and wheat. They weighted the investment value of each element, blended and commingled the parts into sums, then reduced what had been a complicated collection of real things into a mathematical formula that could be expressed as a single manifestation, to be known henceforth as the Goldman Sachs Commodity Index (GSCI).
From Nony


Add a Comment !
Your Name:
[NOT LOGGED IN]
Comments :

Some BB code is now supported:

Underline Example:

The following comment:

This is an example of an [u]underlined[/u] comment.

Will produce:

This is an example of an underlined comment.

 

Italic Example:

The following comment:

This is an example of a [i]italic[/i] comment.

Will produce:

This is an example of a italic comment.

 

Bold Example:

The following comment:

This is an example of a [b]bold[/b] comment.

Will produce:

This is an example of a bold comment.

 

URL Hyperlink Example:

The following comment:

This is an example of [url=http://www.codewolf.com]a very cool site[/url]

Will produce:

This is an example of a very cool site

 

Also: Line breaks will be treated as a new paragraph