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There is an interesting article linked at the bottom of this post. It Chronicles how Goldman Sachs has engineered several bubbles that cost the middle class...trillions. They are called vampire squid because the suck the blood out of humanity. They have no political theology. They donated huge amounts of money to Obama, but they also give to Republican candidates. They don't care about politics. They have people in key positions within in the govt., both Republican and Democrat to manipulate the rules so that they can gouge. They need to be investigated prosecuted and each CEO tried under the RICO act for rackateering and Fraud and the money that they have stolen returned to the investors, with the govt. employees who were on the Goldman payrole tried for treason.
I urge you to read the entire article. I know it is long, but you can not get a throrough understanding with just one paragraph.
So where is your outrage that Obama has filled his staff/cabinet & czarships with former Goldman-Sachs and JP Morgan-Chase executives?
I notice that this article is over a year old. The article mentions Goldman's ownership in CCE and that exchange is completely defunct now. Perhaps you might have pointed out what happened at the Goldman-Sachs shareholder's meeting this morning?
That's wishful thinking if you think they are going to acknowledge that.
I believe that I did acknowledge that. They work both sides. I know how you would like to make this a partisan issue, but it simply is not. Bush had former executives from Sachs as well. They own both Republicans and Democrats. NOt all of them, because they do not need to...they just need enough to get their people in the right spots and enough to get rules and laws changed to meet their goals.
I believe that I did acknowledge that. They work both sides. I know how you would like to make this a partisan issue, but it simply is not. Bush had former executives from Sachs as well. They own both Republicans and Democrats. NOt all of them, because they do not need to...they just need enough to get their people in the right spots and enough to get rules and laws changed to meet their goals.
Actually, Goldman-Sachs is in bed with a higher power, the FED.
That's wishful thinking if you think they are going to acknowledge that.
Many of us have been dismayed, disappointed, and angered that so many involved in the financial industry's pillaging of the middle class have been given high-level positions in the current administration. I'm sure that some have even posted here to that effect. I have not, though I share those feelings.
Perhaps partisan kvetching on a message board is not the way to get things changed in this situation. Remember that Bush also used these people in high-level positions. It's not a Republican vs. Democrat issue.
This is THE NONPARTISAN ISSUE of our time. It is the domination of our politics by huge financial corporations that resulted in the effective elimination of the public in political matters. They are the reason we borrow instead of tax. They are the moneylenders that have taken over the temple. The elections are effectively meaningless as they only let us select a candidate form either the Left or Right wings of the American Corporate Party.
They own and control and I have no idea how to throw off their yoke.
Actually, Goldman-Sachs is in bed with a higher power, the FED.
Well of course, but they are whores. They are in several different beds.
Here is how they have made the price of oil go up.
That summer (2008), as the presidential campaign heated up, the accepted explanation for why gasoline had hit $4.11 a gallon was that there was a problem with the world oil supply. In a classic example of how Republicans and Democrats respond to crises by engaging in fierce exchanges of moronic irrelevancies, John McCain insisted that ending the moratorium on offshore drilling would be "very helpful in the short term," while Barack Obama in typical liberal-arts yuppie style argued that federal investment in hybrid cars was the way out.
But it was all a lie. While the global supply of oil will eventually dry up, the short-term flow has actually been increasing. In the six months before prices spiked, according to the U.S. Energy Information Administration, the world oil supply rose from 85.24 million barrels a day to 85.72 million. Over the same period, world oil demand dropped from 86.82 million barrels a day to 86.07 million. Not only was the short-term supply of oil rising, the demand for it was falling — which, in classic economic terms, should have brought prices at the pump down.
So what caused the huge spike in oil prices? Take a wild guess. Obviously Goldman had help — there were other players in the physical commodities market — but the root cause had almost everything to do with the behavior of a few powerful actors determined to turn the once-solid market into a speculative casino. Goldman did it by persuading pension funds and other large institutional investors to invest in oil futures — agreeing to buy oil at a certain price on a fixed date. The push transformed oil from a physical commodity, rigidly subject to supply and demand, into something to bet on, like a stock. Between 2003 and 2008, the amount of speculative money in commodities grew from $13 billion to $317 billion, an increase of 2,300 percent. By 2008, a barrel of oil was traded 27 times, on average, before it was actually delivered and consumed.
Well of course, but they are whores. They are in several different beds.
Here is how they have made the price of oil go up.
That summer (2008), as the presidential campaign heated up, the accepted explanation for why gasoline had hit $4.11 a gallon was that there was a problem with the world oil supply. In a classic example of how Republicans and Democrats respond to crises by engaging in fierce exchanges of moronic irrelevancies, John McCain insisted that ending the moratorium on offshore drilling would be "very helpful in the short term," while Barack Obama in typical liberal-arts yuppie style argued that federal investment in hybrid cars was the way out.
But it was all a lie. While the global supply of oil will eventually dry up, the short-term flow has actually been increasing. In the six months before prices spiked, according to the U.S. Energy Information Administration, the world oil supply rose from 85.24 million barrels a day to 85.72 million. Over the same period, world oil demand dropped from 86.82 million barrels a day to 86.07 million. Not only was the short-term supply of oil rising, the demand for it was falling — which, in classic economic terms, should have brought prices at the pump down.
So what caused the huge spike in oil prices? Take a wild guess. Obviously Goldman had help — there were other players in the physical commodities market — but the root cause had almost everything to do with the behavior of a few powerful actors determined to turn the once-solid market into a speculative casino. Goldman did it by persuading pension funds and other large institutional investors to invest in oil futures — agreeing to buy oil at a certain price on a fixed date. The push transformed oil from a physical commodity, rigidly subject to supply and demand, into something to bet on, like a stock. Between 2003 and 2008, the amount of speculative money in commodities grew from $13 billion to $317 billion, an increase of 2,300 percent. By 2008, a barrel of oil was traded 27 times, on average, before it was actually delivered and consumed.
If they can do that with oil, what's next, food?
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