Rolling Stone Exposes Goldman Sachs

Although my late father-in law was a floor traded on the NYSE for Goldman Sachs for years, I truly dislike the firm (so did he). As I have stated many times on my radio show and on this blog, I believe Goldman Sachs operates the largest insider trading operation in the world. All important financial positions both in the public and private sector are headed by ex Goldman executives. They have infiltrated the U.S. Treasury and the Federal Reserve. It is my guess that they have advanced knowledge of interventions in all financial markets incuding currency, bonds and especially the gold market. It's not hard to make money when you know ahead of time which way a market will move. Goldman CEO Lloyd Blankfein made 20 calls to former Treasury Secretary (and former Goldman CEO) Hank Pauson in the week leading up to the bailout of AIG that resulted in over $16 billion flowing through AIG to Goldman. Read this article and learn what Goldman Sachs is all about. I wonder why this information is published in Rolling Stone and not the mainstream financial media.-Lou

Inside The Great American Bubble Machine

Matt Taibbi on how Goldman Sachs has engineered every major market manipulation since the Great Depression

Matt Taibbi

The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.

Any attempt to construct a narrative around all the former Goldmanites in influential positions quickly becomes an absurd and pointless exercise, like trying to make a list of everything. What you need to know is the big picture: If America is circling the drain, Goldman Sachs has found a way to be that drain — an extremely unfortunate loophole in the system of Western democratic capitalism, which never foresaw that in a society governed passively by free markets and free elections, organized greed always defeats disorganized democracy.

They achieve this using the same playbook over and over again. The formula is relatively simple: Goldman positions itself in the middle of a speculative bubble, selling investments they know are crap. Then they hoover up vast sums from the middle and lower floors of society with the aid of a crippled and corrupt state that allows it to rewrite the rules in exchange for the relative pennies the bank throws at political patronage. Finally, when it all goes bust, leaving millions of ordinary citizens broke and starving, they begin the entire process over again, riding in to rescue us all by lending us back our own money at interest, selling themselves as men above greed, just a bunch of really smart guys keeping the wheels greased. They've been pulling this same stunt over and over since the 1920s — and now they're preparing to do it again, creating what may be the biggest and most audacious bubble yet.

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