Friday, 22 February 2013

#COMMODITIES DIRTY ROTTEN #RICH CARTELS #OLSX

"Published on Nov 25, 2012 An old, very low quality documentary, but it is very much worth watching! Second only to Christmas, Valentine's Day is the holiday when diamonds are most often given as the ultimate token of love. Central to the diamond's role as a romantic symbol is the belief that diamonds are one of the rarest, most precious gifts for a loved one. But it's only a myth--diamonds are found in plentiful supply.

FRONTLINE examines how the great myth about the scarcity of diamonds and their inflated value was created and maintained over the decades by the diamond cartel. This report chronicles how one family, the Oppenheimers of South Africa, gained control of the supply, marketing, and pricing of the world's diamonds."

Meet Mr Commodities:

Marc Rich

From Wikipedia, the free encyclopedia

See also: Glencore

Marc Rich
Born	Marcell David Reich 18 December 1934 (age 78) Antwerp, Belgium
Ethnicity	Jewish^[1]^[2]
Citizenship	Belgium United States Israel Spain
Alma mater	One term, New York University(did not graduate)
Occupation	Founder of Glencore
Known for	Banking, trading activities
Net worth	$2.5 billion (March 2012)^[3]
Spouse(s)	Denise Eisenberg (m. 1966-1996; 3 children; divorced)
Website
Official website

Marc Rich (born Marcell David Reich; December 18, 1934) is an international commodities trader, hedge fund manager, financier and businessman.^[3] He is best known for founding the commodities company Glencore. He was indicted in the United States on federal charges of tax evasion and illegally making oil deals with Iran during the Iran hostage crisis. He was inSwitzerland at the time of the indictment and has never returned to the U.S.^[4] He received apresidential pardon from U.S. President Bill Clinton on 20 January 2001, Clinton's last day in office.^[5]

[hide]