Tuesday, April 24, 2012

A wealthy Jewish criminal pardoned by Clinton has gone on to drive up commodity prices the world over in vast middleman profiteering enterprise, and hopes to drive them ever higher

Indeed, going public, according to the sources I spoke with, means building on the business model created and perfected by Rich, who, before his controversial pardon by U.S. President Bill Clinton, was a legendary fugitive, a regular fixture (along with Osama bin Laden) on the FBI's Most Wanted list. The new Glencore, these sources say, will be like the Glencore of old -- only much, much bigger. In today's superheated market for natural resources driven by booming emerging markets such as Brazil, China, and India, Glencore wants to grow -- and in a major way. Already the world's biggest middleman, it now wants to control the entire business chain, from mines and smelters to storage facilities for finished products, and from pumping oil to shipping it to refineries, while trading and hedging all along the way, industry experts say. "That's one way that Glencore makes so much money," a Geneva-based industry source told me. "When you are vertically integrated you make more at every step. The money stays in the same pocket."...MORE...LINK
Below: Criminal bosom buddies Marc Rich and Bill Clinton

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