Monday, March 17, 2008

Have You Heard about Project Turquoise?

Project Turquoise is a share trading system which is backed by a group of the world's largest investment banks and allows transactions both on-exchange as well as in "dark liquidity pools" where firms offer to buy and sell large blocks of shares "out of public sight."

One of the many "movers and shakers" leading the charge toward "Exclusive Stock Markets" is Goldman Sachs - the guys who are joined at the hip with the Rothschild banking dynasty.

In May 2007 Goldman Sachs launched a platform allowing an exclusive club of big investors to trade unregistered privately placed securities ... a serious challenge to U.S. equity markets.

Private placement is a big deal amongst the psychopaths in Gucci suits on Wall Street because it provides an attractive alternative for companies that want to raise capital without having to honor the regulatory and disclosure requirements that come with a public listing.

In 2006, $162 billion of capital was raised through unregistered private placements, compared with $154 billion through IPO's which are registered with the Securities and Exchange Commission.

Under SEC rules, companies can sell securities without registering them as long as issues are limited to qualified institutional buyers with at least $100 million of assets and no more than 499 shareholders.

In 2007, Phillip Hylander, co-head of European Equities at Goldman Sachs explained it best ... "Project Turquoise is to be a hybrid that will incorporate a public order book and a non-public book. Project Turquoise will be an aggregator of dark pools."

How very Darth Vaderish!!!

PS: Precious metals and commodities are now the only place to be and all the pros know this, so they are looking to use Project Turquoise before the upcoming election to bail out of their huge paper positions into commodities.

PPS: GET OUT OF ALL NON-RESOURCE STOCKS - NOW!!!!!!!
GET OUT OF ALL DOLLAR DENOMINATED BONDS AND TREASURIES - NOW!!!!!!!

Oh, and by the way, for all those who's mantra has been - Let The Market Decide - which market are we talking about? The visible one or the invisible one?

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