Like It Or Lump It

Anyone think these big Wall Street firms like Goldman Sachs are apolitical?

Better think again. Here's an article that should set your smeller smelling. Retribution. Scaremongering going into the Brexit vote last June reached premium levels. Not only did you have the President of the United States personally visit the UK and publicaly threaten those who favored Brexit, but the scramble about London losing financial firms and with it jobs and money raged.

Markets are manipulated. The recent plunge in the pound was no accident. Did anyone who favored Brexit if it passed think payback wouldn't happen? These are agenda-driven people who want what they want and intend to get it, you be damned. There are not enough pejorative terms in the English language to describe these elites.

Just who, for example, came up with the terms hard versus soft Brexit? Did the initial reaction of EU demagogues like Jean-Claude Juncker smack of love and well wishes. These are MSM mediated terms controlled by the masters of MSM, big money. The Fouth Estate is a fraud. The neocons on the right and left in America have the world on the doorstep of a nuclear WW III and GS is spreading currency uncertainty. Does anyone not recall after 911 the WMD manipulation? Uncertainty is as much a part of the human experience these days as manipulation. And always has been.

You have already seen the corruption and politicization that exists in the Deutsche Bank situation. This is hardly new. Goldman Sachs has been and is patently involed in the current U.S. presidential election. But it's tentacle stretch much farther into the central banking world. Show us a central bank and you'll find a GS connection.
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As the pound resumes its post-flash-crash, post-May-Brexit-debate bounce, Goldman's Silvia Ardagna warns of much more downside pressure to come for Sterling with a cumulative depreciation of as much as 25% by year-end.

How Much More Sterling Downside? (via Goldman Sachs)

1. With the prospect of a 'hard Brexit' becoming a reality, investors who were previously expecting a 'soft' Brexit, or no Brexit at all, have updated their priors, and Sterling has depreciated about 5 percent over the space of a week against G10 currencies. GBP/$ is about 1.5 percent above 1.20, which is our 3-months forecast published on 5 July 2016. In a recent Global Markets Daily ("How Much Sterling Downside?, 6 Oct 2016), we highlighted that risks to our Sterling forecast were to the downside. In this FX Views, we quantify the magnitude of a potential further fall in the Pound. Based on our benchmark model that assesses the impact of political uncertainty on currencies, the cumulative depreciation of Cable could be as large as 25 percent by year-end, an additional 7 percent decline from its current value.

2. While this estimate is subject to the usual degree of model uncertainty (see below) and should be viewed with a degree of caution, the following additional considerations lead us to think that such a downside move in Sterling is quite likely to materialize over the next couple of months.
zerohedge.com/news/2016-10-13/goldman-warns-much-more-downside-come-pound-sterling
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These two paragraphs should tell you all you want to know about manipulation and retribution loaded as it is with the phony disclaimer. This is pure politicalization dripping with we will show you stupid SOBs who think you can just vote and walk away. Who in the hell appointed GS to quantify anything? This goes way beyond something as simple as front running. This is in your face we will rule. What my dear old mother used to call: "Like it or lump it."

It's up to you to decide. Check the first sentence in item number three. That will tell you want you need to know, "The decision ...."

http://www.zerohedge.com/news/2016-10-13/goldman-warns-much-more-downside-come-pound-sterling