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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 366.07

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Nov 6 4:00 PM EST

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To: Haim R. Branisteanu who wrote (124804)	11/17/2016 1:10:44 PM
From: Elroy Jetson	Read Replies (1) of 217561

You'd be surprised how often Chevron receives unsolicited tips from people who "know where oil is" often due to a long complicated explanation which seems more consistent with mental illness than any knowledge of geology. When they don't receive a response, I could guess some or many of these people imagine a conspiracy theory, like it's because Chevron is trying to make their existing oil reserves more valuable by refusing to investigate their psychic knowledge of where a massive new oil deposit can be found. In the same way the justice venues receive a large number of false complaints against various parties by people who have some reason to hate them or want to cause problems for a competitor. In any venue you have to know how to get past the filter which screens out cranks and people trying to waste their resources in order to cause trouble for someone they want to hurt. There was a discussion recently about oligarchs possibly moving their money out of Russia illegally by trading securities with an international brokerage. They would call up the broker and place two trades. In their first trade they would purchase $300k of a Russian company with Rubles, with the second trade their offshore company would sell $300k of the shares of the same company with the proceeds in the currency of that country - like English Pounds. Does the bank have an obligation to tell the Russian government this Russian citizen is potentially transferring money out of the country? There are alternate explanations why this wealthy Russian may be placing these trades, so it's not an open and shut money laundering case. There has to be specific legal guidance. Like laws requiring the reporting of more than $10k in cash being used. A bank gets fined or sanctioned when they don't report, even though the person involved was able to convince the bank employee that they were not laundering money. Once they break a law giving specific guidance they can be prosecuted, regardless of whether there was money laundering or not because it's the letter of the law - even though it wasn't what the law intended.

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