Background
In recent dates we approached the way in which the American oligopolistic triad of disqualified rating agencies (sic), in unison with supercomputers and their celebrated algos – specialized algorithms – have caused the odd “automatic stock crash”, the historic May 6 (Under the Magnifier, 5/9/10).
These algorithms are software programs that decide when, how and where to trade certain financial instruments without the need of any human intervention (The ghost in machines, The Financial times, 2/17/10).
Back then, we commented: To this date, what happened that afternoon that volatized a billion dollars in an instant remains a mystery.
And we concluded: “The truth is that technology manager by supercomputers has transformed the way that the “markets” currently in the hands of the few global financial entities, oligopolistic in nature, which have available the newest navigation instruments that have pushed “ordinary investors” out of the game (meaning: practically everyone, except for the Israel-US banks). The catastrophes, both deliberated and technical as part of the deregulated financial globalization force us to rethink the dominion and management of the world’s money, as well as the “arbitrage” of its unqualified “credit raters”, due to the Israeli-American banks’ plutocracy which has taken its control to intolerable levels for the rest of this planet’s inhabitants. Today, the true human liberation is mainly financial.”
Facts
Sounds like science fiction, but we must recognize that everything Goldman Sachs perpetrates – the multi-genocidal Israeli-American investment bank that started speculation with food items (see Under the Magnifier, 8/4/10) – borders the improbable in matters of financial speculation.
Had it not been because the matter publicly involved the American prosecutors, which has broadly covered by Jonathan Weil from Bloomberg (Goldman Sachs loses control of its judgment day machine, 7/8/09), we would not have listened to the plethora of literature invading the ferocious blogs criticizing Goldman Sachs and its very little known Middle Eastern links.
Remember that Goldman Sachs – founded by the Israeli-German-American Marcus Goldman – is directed by two Israeli-Americans (we will not go any deeper into its explosive immediate hierarchy): its controversial “main man” Lloyd Craig Blankfein (simultaneous member of the Asia Society of the Rockefeller and the Kissingers), and its second on board, Gary D. Cohn, which played a sinister role in propitiating the Greek crisis (The New York Times, 2/13/10).
Since we are not satisfied with the esoteric official explanations about the instant May 6 stock crash, we continue our investigation with a magnifier (at our very humble level and with very rudimentary tools in front of the technologic sophistication previously indicated) about the management of the high-frequency stock automatizing software that led to the vitals of the Wall Street Minotaurus: Goldman Sachs, which possesses the stock market’s doomsday machine. Curiously, the stock malfunction that occurred on May 6 this year happened almost a year after the exhumation of the macabre financial machine. What for, to practice?
Very sarcastically, Jonathan Weil describes the exaggerated urgency with which the federal prosecutors moved on a holiday (4th of July, Independence Day) to capture the alleged thief Sergey Aleynikov, a 39-year-old computer programmer that had stolen the secret code to Goldman Sachs’ secret code to its automated operations. Not even the pestilencial Mexican judiciary went this far!
The haste was due to Goldman Sachs’ insistency and their claims saying that the security (sic) of the American financial markers was in danger. Was it only the United States’ security?
Goldman Sachs described the federal prosecutors that Sergey Aleynikov had stolen their secret (sic) software, which had instant execution for the stock and raw materials’ markets. Apparently, Sergey Aleynikov downloaded the program’s code in an unidentified (sic) website in Germany.
Sergey Aleynikov earned an annual salary of 400,000 a year in Goldman Sachs, which he abandoned to make triple that amount in Teza Technologies, another strange Chicago enterprise co-founded by Misha Malyshev, former chief of high-frequency operations of Citadel Investment Group, specialized in the ominous hedge funds. Also Misha Malyshev, a plasma physics genius downgraded to trader, has been accused by Citadel of stealing their secret codes (Wall Street Diary, 5/8/09). So that’s what geniuses are for nowadays! Jonathan Weil comments that both salaries are very high for programmers.
During the urgent audience in New York during the holiday, the 34-year-old Assistant Attorney General Joseph Facciponti threw a rhetoric bomb to the judge’s face: Goldman Sachs “has exposed the possibility that the danger of someone who knows how to use this program will use it to manipulate the markets incorrectly, may exist”. Oh, la, la!
Does this mean that Goldman Sachs has programmatic instruments to manipulate the markets in its hands? Who guarantees that Goldman Sachs, now exposed thanks to its countless stock misdeeds, will do an adequate use of its doomsday machine? Could it be that Goldman Sachs is the deus ex machina of the Israeli-American financial system?
Jonathan Weil doesn’t understand how it works or that there is a precise answer (sic), but at least the New York stock transactions system’s black case has been unveiled. Is the city safe?
Daily Kos (7/7/09) comments: Through access to the system as a result of its special privileges with the government, Goldman Sachs was/is capable of reading transmission data before it was compromised, and locate its own purchases or sales in relation with that brief instant, which allows them to essentially steal enormous amounts of money every day from the rest of the world. Even I could do that!
The pornographic protection of the United States government towards Goldman Sachs is infinite. The blog Zero Hedge had even used the NYSE data to argument that Goldman Sachs has an unleashed ability (sic) to control stock prices. But the NYSE soon imposed new secret rules (sic) that allow Goldman Sachs to control stock prices away from public scrutiny through cyber programmed transactions.(Daniel Tencer, Raw story, 7/6/09).
Where did Goldman Sachs’ bounce ball, I mean, software, go?
Joseph Facciponti illustrated the motionless judge that the secret software (sic) is worth billions of dollars.
Conclusion
The fundamental problem is that the juvenile assistant Attorney General Joseph Facciponti did not detail the functioning of Goldman Sachs’ doomsday machine and left us wondering.
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