The Beginning Of The End
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11 Reasons Why America Would Be A Better Place Without Goldman Sachs

Would America be a better place without Goldman Sachs?  Of course it would.  The "vampire squid" of Wall Street does not care about the future of America.  Sadly, Goldman Sachs apparently does not even care much about their own clients.  What Goldman Sachs is all about is making as much money as humanly possible.  In the end, there is nothing wrong with making money, but there are constructive ways to make money and there are destructive ways to make money.  Unfortunately, Goldman Sachs seems to find the destructive path almost irresistible.  Greg Smith, the head of the U.S. equity derivatives business for Goldman Sachs in Europe, the Middle East and Africa made headlines all over the world on Wednesday when he resigned publicly from Goldman Sachs in a scorching editorial in the New York Times.  Smith said that he could "honestly say that the environment now is as toxic and destructive as I have ever seen it".  Considering what we know has gone on at Goldman over the past decade, that is very frightening to hear.  So could this be the beginning of the end for Goldman Sachs?  And if it is, will America be a better place when Goldman is gone?

You would think that at some point clients of Goldman would become so sick and tired of the stories of corruption coming out of the firm that they would simply walk away.

Unfortunately, corruption is so endemic on Wall Street that Goldman Sachs really does not seem out of place.  The truth is that a lot of the things that are said about Goldman could also be said about JPMorgan Chase, Bank of America, Citigroup and Morgan Stanley.

But in recent years Goldman Sachs has truly become a national symbol of what is wrong with our financial system.  As the American people become fed up with institutions such as Goldman, hopefully we will start to see some of them disappear.

The following are 11 reasons why America would be a better place without Goldman Sachs....

#1 Even after all of the negative publicity we have seen in recent years, Goldman Sachs appears to not have learned any lessons.  The following is how Greg Smith described the three ways to get ahead at Goldman Sachs....

"What are three quick ways to become a leader? a) Execute on the firm’s “axes,” which is Goldman-speak for persuading your clients to invest in the stocks or other products that we are trying to get rid of because they are not seen as having a lot of potential profit. b) “Hunt Elephants.” In English: get your clients — some of whom are sophisticated, and some of whom aren’t — to trade whatever will bring the biggest profit to Goldman. Call me old-fashioned, but I don’t like selling my clients a product that is wrong for them. c) Find yourself sitting in a seat where your job is to trade any illiquid, opaque product with a three-letter acronym."

#2 Goldman Sachs is one of the too big to fail banks and those banks just keeping getting bigger than ever.  Back in 2002, the top 10 U.S. banks controlled 55 percent of all U.S. banking assets.  Today, the top 10 U.S. banks control 77 percent of all U.S. banking assets.  So if we couldn't afford to let them fail back in 2008 because they were so big, why did we allow them to become even larger?

#3 The Federal Reserve shows great favoritism to big Wall Street banks such as Goldman Sachs.  For example, between December 1, 2007 and July 21, 2010 the Federal Reserve made 814 billion dollars in secret loans to Goldman Sachs.

#4 Goldman Sachs is at the heart of the derivatives bubble that threatens to throw the entire global financial system into chaos.  At this point, Goldman Sachs has over 53 trillion dollars of exposure to derivatives.

According to the New York Times, the big Wall Street banks completely control derivatives trading.  In fact, the New York Times says that representatives from JPMorgan Chase, Goldman Sachs, Morgan Stanley, Bank of America and Citigroup hold a secretive meeting each month to coordinate their domination over the derivatives market....

On the third Wednesday of every month, the nine members of an elite Wall Street society gather in Midtown Manhattan.

The men share a common goal: to protect the interests of big banks in the vast market for derivatives, one of the most profitable — and controversial — fields in finance. They also share a common secret: The details of their meetings, even their identities, have been strictly confidential.

#5 Goldman Sachs was at the very heart of the financial crisis of 2008 which plunged the entire global economy into a very deep recession.  In the years leading up to the financial crisis of 2008, Goldman Sachs was putting together mortgage-backed securities that they knew were garbage and they marketed them to investors as AAA-rated investments.  On top of that, Goldman then often made huge bets against those exact same securities which turned out to be extremely profitable when those securities crashed and burned.

The following is how the New York Times described what was going on at the time....

"Goldman was not the only firm that peddled these complex securities — known as synthetic collateralized debt obligations, or C.D.O.’s — and then made financial bets against them, called selling short in Wall Street parlance. Others that created similar securities and then bet they would fail, according to Wall Street traders, include Deutsche Bank and Morgan Stanley, as well as smaller firms like Tricadia Inc."

Sylvain Raynes, an expert in structured finance at R & R Consulting in New York, said at the time that he was absolutely shocked by what Goldman was doing....

"The simultaneous selling of securities to customers and shorting them because they believed they were going to default is the most cynical use of credit information that I have ever seen"

#6 Goldman Sachs played a huge role in getting Greece, Italy and several other European nations into so much debt.  The following is an excerpt from an article by Andrew Gavin Marshall....

In the same way that homeowners take out a second mortgage to pay off their credit card debt, Goldman Sachs and JP Morgan Chase and other U.S. banks helped push government debt far into the future through the derivatives market. This was done in Greece, Italy, and likely several other euro-zone countries as well. In several dozen deals in Europe, “banks provided cash upfront in return for government payments in the future, with those liabilities then left off the books.” Because the deals are not listed as loans, they are not listed as debt (liabilities), and so the true debt of Greece and other euro-zone countries was and likely to a large degree remains hidden. Greece effectively mortgaged its airports and highways to the major banks in order to get cash up-front and keep the loans off the books, classifying them as transactions.

#7 Goldman Sachs is working very hard to help state and local governments sell off our highways, water treatment plants, libraries, parking meters, airports and power plants to the highest bidder.  Much of the time foreigners are the highest bidders for these precious infrastructure assets.

The following is how Dylan Ratigan described what is going on....

On Wall Street, setting up and running “Infrastructure Funds” is big business, with over $140 billion run by such banks as Goldman Sachs, Morgan Stanley, and Australian infrastructure specialist Macquarie. Goldman’s 2010 SEC filing should give you some sense of the scope of the campaign. Goldman says it will be involved with “ownership and operation of public services, such as airports, toll roads and shipping ports, as well as power generation facilities, physical commodities and other commodities infrastructure components, both within and outside the United States.” While the bank sees increased opportunity in “distressed assets” (ie. Cities and states gone broke because of the financial crisis), the bank also recognizes “reputational concerns with the manner in which these assets are being operated or held.”

#8 At the same time that Goldman Sachs is causing all sorts of trouble for everyone else, their employees are making crazy amounts of money.  During 2010, employees of Goldman Sachs brought in more than 15 billion dollars in total compensation.

#9 Goldman Sachs has way too much influence over the federal government.  There is a reason why it is commonly referred to as "Government Sachs".  No matter who is the White House, people that used to work for Goldman and other big Wall Street banks always seem to be crawling around.

Last year, Michael Brenner wrote the following about the composition of the Obama administration....

Wall Street's takeover of the Obama administration is now complete. The mega-banks and their corporate allies control every economic policy position of consequence. Mr. Obama has moved rapidly since the November debacle to install business people where it counts most. Mr.William Daley from JP Morgan Chase as White House Chief of Staff. Mr. Gene Sperling from the Goldman Sachs payroll to be director of the National Economic Council. Eileen Rominger from Goldman Sachs named director of the SEC's Investment Management division. Even the National Security Advisor, Thomas Donilon, was executive vice president for law and policy at the disgraced Fannie Mae after serving as a corporate lobbyist with O'Melveny & Roberts. The keystone of the business friendly team was put in place on Friday. General Electric Chairman and CEO Jeffrey Immelt will serve as chair of the president's Council on Jobs and Competitiveness.

#10 Employees from Goldman Sachs pour way too much money into our national elections.  In 2008, donations from individuals and organizations affiliated with Goldman Sachs donated more than a million dollars to Barack Obama.  This time around they are pouring huge amounts of cash into Mitt Romney's campaign.

#11 Goldman Sachs is still a "vampire squid" as Matt Taibbi once so famously proclaimed in Rolling Stone....

"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. In fact, the history of the recent financial crisis, which doubles as a history of the rapid decline and fall of the suddenly swindled dry American empire, reads like a Who's Who of Goldman Sachs graduates."

Once again, there is nothing wrong with making money.

And there is certainly nothing wrong with working in the financial system.

But there is a right way to do things and there is a wrong way to do things.

Goldman Sachs is doing things very much the wrong way, and America would be a better place without them.

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  • Government Guy

    Are they hiring?

    • REED RICHARDS

      Government Guy, Michael,

      Lloyd Blankfein is simply doing “god’s work”. So what are you “christians” so up in arms about?

  • Glenn

    Just figures, Goldman is a bunch of crooks in my opinion

  • Proftel

    Babylonians, Jews, Egyptians, Greeks, Chinese, Romans, Portuguese, Spanish, French, English, German, Japanese tried to dominate the world through trade gold and silver goods.
    Traders today seek oil, gold, commodities, and territory. Dress in sheep’s clothing by companies, large companies (and everyone here knows who and where they are).
    Do not expect any of them say “Let them eat brioche” because they learned their lesson in France in 1776, and another (almost) lesson in 1939.
    There is no better solution for a puppet state that hold their citizens with initiative, today the U.S. is a puppet of Israel.
    “Safety Standards” and the like were used by “Guestapo” as are commonly used in Israel against Palestinians.
    These procedures are applied, adopted here, against our citizens, this is crazy!
    The basic operations are in the hands of mercenaries or immigrants / children of immigrants.
    The Roman Empire fell rightfully so.
    To begin to raise the nation must be taught to lawyers what a shovel, a hoe and a Gadanho, as much as lawyers have to replace tractors with ease in case lacks oil.
    After that, we need to asses, there are plenty of politicians to pull the wagons.
    Wake up!

    :-)

  • JR

    OBAMA WHITE HOUSE: A FULLY OWNED DIV. OF GOLDMAN SACHS

    • 1stVArifleman

      GOLDMAN SACHS: A fully owned division of the Rothschild Cabal.

      LONG LIVE THE CONSTITUTIONAL REPUBLIC!

  • Joy

    The Greg Smith story is a classic “limited hangout”. That is why the NYT and CNN are pushing it. I was at Greg Smith’s university 30 years ago and personally knew the pre-Goldman Sachs students a whole generation ahead of Greg Smith. They were already greedy narcissistic sociopaths, every one of them. What I mean by that, is that even if they identified with some affinity group, they had nothing but predatory intent towards people outside their affinity group, no empathy whatsoever for humanity in general.

    I am sure Greg Smith is brighter than average. I am also sure that he is a hard worker. After all, he was a bronze medalist in table tennis at a (fairly obscure) sports event. However, the world is full of bright people who are hard workers, and few get into Goldman Sachs. The other ingredient of his success was CONNECTIONS, of a type not available to most of the hundreds of millions of bright hard workers on this planet.

    Greg’s message is that he is a good guy, a regular guy, and so are most of the 30,000 employees of Goldman Sachs (not to mention the thousands of employees of CNN and the New York Times with the right CONNECTIONS). There are just a FEW BAD APPLES, like Lloyd Blankfein, and maybe a handful of others. If those guys just get publically shamed and fined, then the masses of good guys on Wall Street can go back to doing “God’s Work”, collecting million dollar bonuses from bailout money after fleecing pension funds and times will be good again.

    Sorry, I am not buying it. There is such a thing as collective guilt. “Bad corporate culture” is as pathetic an excuse today as “just following orders” was in an earlier generation. Furthermore, the collective guilt extends to the politicians who are wholly owned by Goldman, and their enablers in the media and academia, the Friedmans Thomas & Milton, and similar …

    Society cannot be repaired with hand slaps to a few designated scapegoats. A much more comprehensive housecleaning is needed.

  • McKinley Morganfield

    Propping up this Ponzi scheme is the reason sanity does not prevail and the can keeps getting kicked down the road. GS is the poster child, but as noted, the other big banks are soiling the same sheets. The FED is their tool and DC is the enabler. They are all guilty of fraud and they all have to go to jail without collecting $200,000,000,000,000. Otherwise, there is no rule of law.

  • Nexus789

    All they and other banks do is run a gigantic ‘skimming’ machine that skims off value from the rest of us. The real value we all create.

    Investment banks have been doing this from the day they were created. They create no value and in fact they destroy economic value – through multiple scams, bubbles, leveraged buyouts, privatizations, etc, that has resulted in trillions in debt and the potential collapse of society.

    Aside from the aforementioned they are pissing on us all from a great height via the grandiose payments the award themselves – a reward for skimming wealth off everyone, running a casino and destroying value.

    It is not just America that could do with getting rid of these clowns.

  • whteshark

    Wasn’t Frank/Dodd bill supposed to stop this kind of corruption; this kind relentless greed?

    Or was it a bill to make Goldman Sachs and other like them stronger at the expense of smaller, more honest banking institutions? Pretty much destroy competitors?

    Hmmmmmm……….?

  • nojoke4153

    We all knew they were crooks, but we the cowards bailed them out, and let them continue to operate against the better interests of the real economy and the people. Will we ever learn? What will it take to put these pieces of garbage out?

  • shypuffadder

    On CBS’s local news this morning, the (cough, cough) “Your Money” expert (cough, cough, hack), mused “What business doesn’t want to make a profit” so “GET OVER IT.” She, apparently, doesn’t mind being cheated. And she apparently doesn’t mind being called a “muppet” since that is exactly what she is. Perhaps Greg Smith should start his own investment business. I’m sure investors would prefer an honest broker than one that is simply out to make a profit for themselves but none for their clients. Let’s see how all our representatives at the US Capitol will scurry with their tails between their legs to sweep this under the rug. They all have Goldman stock.

  • Hans

    I agree that there is nothing wrong with making money. Greg Smith used to be from South Africa. He clearly felt that he could no longer be a party to such parasitic practices. In all likelihood, he committed professional suicide in the corrupt banking sector.

    One of the most affluent people in South Africa used to be the late Dr Anton Rupert. I say the following subject to correction, but I seem to recall once reading that he took the view that if one seeks long term success, any deal that is done needs to be fair to both parties. That leads to less profit in the short term, but profitable relationships in the long term. If you cheat another, you might make a profit on the short term. However, you will probably never do business again with the cheated party. What goes around comes around.

    The instant gratification seeking and greed prevalent in society is what is destroying our economic system.

    Eventually, everyone will have to account for their actions.

    • srqrebel

      Thank you, Hans, for pointing out this glaring deficiency so prevalent in the Western world today! It seems nearly everyone has forgotten, or was never aware, of the fact that the longest term matters most. And the ONLY way to achieve long term success is to build it methodically by establishing win-win relationships, the longer term the better. (For Ayn Rand fans: This is rational self-interest, as opposed to the win-lose irrationality of selfishness. Ayn Rand should have stuck with “rational self-interest” – selfishness is quite a different thing).

      The selfishness, greed and live-for-today mentality that seems to prevail in the Western world today, from the richest to the poorest, will most definitely end in catastrophic collapse.

      The silver lining is that the individual who persists in building long term win-win relationships in this toxic environment, stands out above the crowd as a particularly valuable individual to others who are likeminded. Some of the most rewarding relationships can be forged in this environment.

  • William

    The major banking houses of Wall St RUN AMERICA.
    They have purchased the US Congress. They have been responsible for the current economic disaster. Not ONE executive responsible for the
    CDO/CMO/SubPrime/AltA debacle has gone to jail. The recent Dodd/Frank federal legislation is a joke……it did not reinstate the Glass-Steagall firewall that was put in place after the banking nightmare of the early 1930s. Be sure to reelect the MORON in the US Congress who represents YOU. It will get worse.

  • chris

    Good article one again. What’s unfortunate is many see these facts and conclude that the answer is socialism.

  • Lennie Pike

    The financial system is fraudulent.

    These criminal gangster parasites created it for their own benefit. Sure many others benefited, fabulous wealth was created, but eventually the parasite kills the host and has to find another.

    It is insanity to be critical of the actions of these parasites without being critical of their method. Fractional (now zero fraction) reserve banking and fiat money is the method these parasites have used to destroy us. Until now the destruction has been performed at a slow rate of speed so that the host would think his destruction is a wonderful thing so that it would be allowed to continue. The parasite analogy is not totally accurate because parasites operate on an individual basis, and this is organized crime.

    Yeah, anyone who would ever think about protesting or occupying Wall Street must be an anti-capitalist, anti-free market, anti-free trade commie who doesn’t bathe and takes dumps in the street – so make sure you’re never heard being critical of Wall Street and the financial system.

    • Lennie Pike

      And who now owns most of the wealth that was created – by the hosts.

      • Lennie Pike

        Money is work, it’s your work that they want.

    • 1stVArifleman

      I like the parasite analogy, but I lost you with the OWS ending. Even though I don’t agree with the OWS fianacers or their overall views; they still are guarenteed the right to assemble and petition according to the 1st Amendment

      Your comment that money is work, is accurate, but I like Chris Martenson’s phrase a little better. Marteson states that money, especially fiat currency, is a “claim on labor.” That claim on labor could have been in the past or in the future. Thus, really anything could represent money, but gold and silver are the best represention that societies have ever had. Due to the fact that precious metals are tangible and cannot easily be inflated due to its natural rarity.

      LONG LIVE THE CONSTITUTIONAL REPUBLIC!

      • Lennie Pike

        The OWS movement has been co-opted just as the Tea Party was. Just about all OWS protesters now are actually commies taking dumps in the street, afterward and before going unbathed.

        Where the hell is the “silent majority”? I know there are still many millions of them – Constitutional Patriots who have just not had enough fascist pressure placed on them until they snap – they will – and they will take our country back from the globalist godless paranoid control freaks.

      • Lennie Pike

        Yes, “a claim on labor” is a better and more sophisticated way of saying what I meant.

  • Syrin

    Excellent article

  • Tobrojo

    I heard a quote once: “Each country has its legalized form of gambling. We americans have our Wall Street.”

  • JDubya

    #occupywallstreet

  • Rancher

    No worries here… we pulled out of that rat race and are well insulated from the market. I am expecting a major crash and betting on it… Buy very low and sell as it is peaking. Good Business. I am a buyer now but not at these levels. I also would only buy if the world situation had righted itself and the future was worth the risk in said arena.

    Thus buying in is not on my top ten for the next few years….

    Planning for the worst and visits from scumbags thinking they will loot others to feed themselves. Can always use another skull on the posts surrounding the Ranch here….

    Hoping and praying for the best but as we all should know… Forest Gummp put it on his hat… “Shit Happens”

    Just try to be up wind and on high ground because trickle down sucks.

  • pete

    All that was required for these “vampire squids” to root in and do well…….

    ….was for good men to nothing.

    • JD

      That is the truth. Forget the full quote. But for good men to do nothing…

  • goldnguns

    Got a great idea for a financial techno-thriller: a group of anonymous hackers decide to target the source of the financial ills – Goldman, Citi, JPM, Wells Fargo. they hack the networks, download top execs emails, home addresses, and empty their bank accounts,etc. then a network of ex-special forces selectively “lifts” those top individuals and spirits them away to a hidden destination for a little de-briefing. Which could take, oh, mebbe 5-10 years. Whilst feeding them swill and water.

    Nah, none of that could ever happen and who would read a book where bankstas actually get their “just rewards”?

  • Patriot One

    Oops, your not supposed to pull back the curtin. I predict Greg may drop dead of natural causes.

    The to big to fails have gotten much bigger Golbally. Is GS a member of the Club of Rome?

  • Snoopy_The_Economist

    GS is the biggest parasite on humanity today. But since they own teh fed and the gov’t they will never die off.

  • Tim

    On January 30th, 2012 the biggest event in US History happend and no one even mentioned a word, not even my favorite economic collapse blog ;). Well I wanted to wait a month to see it’s true progression. On January 30th 2012…….. the US debt to GDP level reached 100%, then the following…

    Jan 30th 2012 100%

    Feb 20th 2012 101%

    Mar 5th 2012 102%

    Today is 102.9%

    Is something spiralling out of control?

    You bet your A$$ it is!

    Can you say Greece is just the pre-game show?

    http://www.usdebtclock.org/

    • Kelby

      *********** we’re definitely screwed!!

  • abby

    They are money hunger- there will never be enough for them. Worse- our elected officals are power hunger. There will never be enough power through laws for them either.

  • Kenuck

    Crapitalism..everyone wants to crapitize but doesn’t want to get crapitalized…

  • DownWithLibs

    How in the heck do you run more than one blog, anyway?

    • Michael

      I spend a lot of hours in front of the computer.

      Michael

      • DownWithLibs

        Well, kudos to you. Of course you probably have more material than you know what to do with. Sadly, that is the times we live in.

        Keep up the good fight!!!

  • Gary2

    I will believe a libertarian is honest when he refuses to drive on any road paid for with his “stolen” money. And when he refuses to breath the relatively cleaner air we have thanks to the EPA.

    4. Businesses have been blackmailing us for years with that. Many of the people who demonstrate their love of liberty by whining like bitches about how “the government is stealing my wealth” seem not to have a problem working with the Chinese government as it uses its massive police apparatus to force workers to submit to the conditions set up in their factories.

    Cut/Paste from a comment on alternate. It is a good illustration of the inherent dishonesty of libertarians.

    • Cinderella Man

      Whoever you cut and pasted that from is a dipshit who wouldnt know a libertarian from a hole in the ground. We are honest about what we want it back stabbing two faced progressives that are the real problem!!

    • nowwthen

      If a libertarian is driving on a road paid for with his stolen money wouldn’t that road be his? Shouldn’t he be entitled to collect tolls?

      If the EPA cleaned up the air with his stolen money wouldn’t he be entitled to at least his share? Shouldn’t you thank him by getting a freakin’ job and repaying him with some taxes of your own? People like you will live their entire lives angry while constantly demanding permanent subsistance courtesy of the government teat.

  • Kenuck

    Your moderation is awaiting moderation…

  • Gary2

    As for goldman sucks—I have to agree they serve no useful purpose except skimming off the top. They are part of the reason Greece is in the mess they are in as they facilitated all the crazy crap derevates etc.

    Matt Taibi said it best–The great vampire squid sucking the wealth from the country.

    It is my understanding that when Obama wins in 2012 Guithner is toast???

  • Antonio Gonzalez

    Remember Goldman Sachs is America and you pay for it.

  • Patriot Alice

    This has got to be the most negative site in history. Maybe America is better without it..

    • Michael

      Patriot Alice:

      I don’t think that it is negative to warn people about a disaster that is about to come upon them.

      Michael

    • Mind Candy

      Patriot Alice, I don’t see how. If Michael’s site is “negative” than so are the websites for the Bureau of Labor Statistics, all the major online news organizations, quite a few of the minor ones and a host of other government and private organizations’ websites. “All” Michael does is compile the information in one place. Even when his articles use another of his own articles as a source, if you follow the links you’ll find outside source material. It’s not like he’s making this stuff up. We live in “negative” times, and it’s a shame more people aren’t able to let themselves believe this.

    • Papa Charlie

      Partriot Alice,

      Can you tell a positive story about banks like Goldman Sachs and the way they operate? Please share it…

    • Kathy Smith

      And Pastor Alice if u don’t like it don’t read it.As for me I wait 4 it everyday. Keep up the great work Micheal

  • mondobeyondo

    One of those rare events in life… a banker who actually tells the truth! Kudos to Greg Smith for exposing how Goldman Suks treats its own clients! Like they’d treat other people any better, huh?

    Goldman Suks really does care. They care about money. That’s the ONLY thing they care about. They could care less about ordinary people with morals or ethics. The sad thing is, GS isn’t the only one. The same putrid environment probably exists at Citibank, Bank of America, JP Morgan Chase, Wells Fargo… the Federal Reserve…

    These big investment banks love money. That makes them evil. Their CEO’s and high level executives really should read 1 Timothy 6:10 in addition to their quarterly reports and ledger sheets.

  • mondobeyondo

    An excerpt from Mr. Smith’s resignation letter:

    “How did we get here? The firm changed the way it thought about leadership. Leadership used to be about ideas, setting an example and doing the right thing. Today, if you make enough money for the firm (and are not currently an ax murderer) you will be promoted into a position of influence.”

    He just summed up what is wrong with America in one paragraph.

  • James

    I question the validity of any business that can make billions by producing nothing.

    • Michael

      Yes that is a very good point.

      Michael

  • mondobeyondo

    Joke du jour:

    Q. Why are criminals stealing Tide detergent from supermarkets?

    A. They need something to launder their money with.

    (insert rim shot here)

  • liberranter

    So could this be the beginning of the end for Goldman Sachs?

    Not a chance – unless the Reigning Bankster Elite finds some other front organization that better does its destructive bidding in a less embarrassing manner.

    You would think that at some point clients of Goldman would become so sick and tired of the stories of corruption coming out of the firm that they would simply walk away.

    The only “clients” that matter to this “firm” are the handful of The All-Powerful at the top. Everyone else is window dressing, to be torn down, bankrupted, bilked, and disposed of when they are no longer convenient as a front.

    As the American people become fed up with institutions such as Goldman, hopefully we will start to see some of them disappear.

    Again, not a chance, as long as the Amoricon sheeple majority remain compliant and obedient.

    #1 Even after all of the negative publicity we have seen in recent years, Goldman Sachs appears to not have learned any lessons.

    Of course not. You’re assuming –naively, I might add—that this creature is an actual market enterprise that depends on customer satisfaction for its survival. I hope you are aware that that it is the polar opposite of reality: GS is a state-corporate parasite that answers ONLY to those at the top of the global power structure.

    So if we couldn’t afford to let the[too-big-to-fail banks] fail back in 2008 because they were so big, why did we allow them to become even larger?

    There’s no “we” about this at all, if by “we” you mean the Amoricon sheeple. See my previous comments.

    #3 The Federal Reserve shows great favoritism to big Wall Street banks such as Goldman Sachs.

    Well, DUHHHHH…

    #8 At the same time that Goldman Sachs is causing all sorts of trouble for everyone else, their employees are making crazy amounts of money. During 2010, employees of Goldman Sachs brought in more than 15 billion dollars in total compensation.

    I would venture to say that not very many, if any, of this firm’s rank-and-file employees are benefitting from these big bucks. The bulk of this ill-gotten loot is going into the personal bank accounts of the top dozen or so of GS’s most senior executives. The average GS broker or low-level employee is probably in the same situation as the rest of us – just barely scraping by.

    #9 Goldman Sachs has way too much influence over the federal government. There is a reason why it is commonly referred to as “Government Sachs”. No matter who is the White House, people that used to work for Goldman and other big Wall Street banks always seem to be crawling around.

    Which is the explanation behind my response to your number 3.

    Last year, Michael Brenner wrote the following about the composition of the Obama administration….

    Brenner’s description applies to EVERY presidential administration of the last few decades, although the Obamunist Administration’s composition is arguably the most odious to date. IOW, the state-corporate corruption has ALWAYS been there; it’s just that the Amoricon sheeple, due to the catastrophic events of September 2008, are only now becoming aware of it (but are still too stupid, lazy, ignorant, and cowardly to do anything about it).

    #10 Employees from Goldman Sachs pour way too much money into our national elections. In 2008, donations from individuals and organizations affiliated with Goldman Sachs donated more than a million dollars to Barack Obama. This time around they are pouring huge amounts of cash into Mitt Romney’s campaign.

    Again, not surprising to anyone with even a single functioning brain cell. I suppose that a feint silver lining to this ugly cloud is that for anyone too dense to have not already realized it, Romney has now CONFIRMED PUBLICLY that he is the front-running Establishment whore/puppet/stooge – not that this revelation will discourage the usual brain-dead Republikan majority from lining up in November to cast a ballot for him solely on the basis of his party affiliation.

    To sum up Michael’s article, Goldman Sachs is THE LIVING EMBODIMENT of STATE-CORPORATISM, something that is far too often confused with REAL CAPITALISM, the latter being all but extinct in today’s Amerika.

    • 1stVArifleman

      STATE-CORPORATISM=FASCISM not Capitalism (For progressives (socialists) like Gary2dumb4abrain)

      Even though our current government is a little more complicated; it is a Fascist, Socialist, Plutocracy.

  • Prut

    Please keep the pressure up on these parasites, report every negative thing you can find. A light has to be shined on this.

  • SMASH THE CONTROL MACHINE

    “Now listen, you rich people, weep and wail because of the misery that is coming upon you. Your wealth has rotted, and moths have eaten your clothes. Your gold and silver are corroded. Their corrosion will testify against you and eat your flesh like fire. You have hoarded wealth in the last days. Look! The wages you failed to pay the workmen who mowed your fields are crying out against you. The cries of the harvesters have reached the ears of the Lord Almighty. You have lived on earth in luxury and self-indulgence. You have fattened yourselves in the day of slaughter. You have condemned and murdered innocent men, who were not opposing you!!!!James starts with his conclusion, “wail because of your coming misery.” Why? What have they done? There are four charges he brings against them.

    i] “They have hoarded wealth in the last days” (V.3). These rich are saying that they are being shrewd investors, and denying themselves and displaying tremendous industry, but it is all vitiated by self-centredness. They are not gathering money as a stewardship before God but because they are absolutely besotted by it. They love mammon. It is their god. The apostle says, “Greed…is idolatry” (Colossians 3:5). He doesn’t say good business sense, or hard work or industry is idolatry. But hoarding wealth for ourselves, and having our daily quiet times around the stocks and shares columns in the Wall Street Journal or Financial Times – that is idolatry. Such people are utterly disregarding spiritual values while we are living “in the last days.” The next great event on God’s timetable is the coming of Christ, the day of judgment, the great separation and the eternal state. But they are living as if Christ had not risen from the dead. They are storing up their goods as if they were going to live for ever with monthly statements coming from the bank in perpetuity. Everyone has to choose either to trust in a loving heavenly Father or in money. Either your expectations are in the Lord’s faithfulness or in the shrewdness of your investments. You have to choose. Jesus says, let me tell you this when you come to make up your mind, “Watch out! Be on your guard against all kinds of greed; a man’s life does not consist in the abundance of his possessions” (Luke 12:15). In 1934 Percy Shaw invented and patented the cat’s eye reflectors set in rubber in the middle of the road. By the 1990′s 16 million of them had been sold and he had a vast income. He lived in a house with four rooms downstairs each of which had a television set always turned on and locked into one of four different channels. He went from one room to another to see something that took his fancy. It is a sort of adumbration of hell, isn’t it? What sort of existence is that? All the money to buy anything he wanted, and that is how his last years were spent before he met God. “A man’s life does not consist in the abundance of his possessions.”

    ii) These rich defrauded those who worked for them. “Look! The wages you failed to pay the workmen who mowed your fields are crying out against you” (v.4). How are they so rich? They have taken advantage of people. They have paid them a pittance, and sometimes they have failed to pay them anything. You can imagine these little people turning up in church on the Lord’s Day in their rags, aching with hunger, weary from having spent the last week working long hours in backbreaking toil for next to nothing. It is happening today all over the world, the exploitation of the poor and vulnerable, women and children. We hear of children being taken from their Thailand villages to work in Bangkok in unspeakable activities. This occurs everywhere in south-east Asia and India. For the most demeaning tasks they get nothing. They are virtual slaves and their lives are ruined. God knows it.I HOPE THE CRIES OF THE HARVESTERS HAVE REACHED THE EARS OF OUR HOLY GOD!!!!

  • Benjik

    “Obama 2012 Campaign Receives More Wall Street Donations Than All GOP Candidates Combined”

    http://patdollard.com/2011/10/obama-receives-more-financial-sector-donations-than-all-gop-candidates-combined/

  • michelle

    how do you do it? By that I mean – keep coming up with great lists and insights into what needs to happen to fix this mess that TPTB have created where we used to have a pretty decent Constitutional Republic?

    Many thanks for all you do!!

    • Michael

      Michelle:

      Some days (like today) I really struggle with what to write about. But most days God helps me find something to write about by the end of the day. :)

      Michael

  • Fusah

    Do not question the wisdom or veracity of our 1% overlords. Stop gawking and start consuming!

  • 1stVArifleman

    Goldman Sachs is a ROTHSCHILD bank! Just as the Council on Foreign Relations is a Rothschild entity that fills the ranks of any executive position that deals with foreign relations. Goldman Sachs and the Tri-Lateral Commission fills the ranks of all executive positions that deal with the economy. The Rothschild family has owned our government since at least 1913, but has been manipulating our policies and finance since at least 1754 (French and Indian War).

    “The Rothschilds can start or prevent wars. Their word could make or break empires.”
    Chicago Evening America 1923

    “The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks.”
    Lord Acton

    “The real menace of our Republic is the invisible government which like a giant octopus sprawls its slimy legs over our cities states and nation. At the head is a small group of banking houses generally referred to as ‘international bankers.’ [THE ROTHSCHILD FAMILY!] This little coterie… runs our government for their own selfish ends. It operates under cover of a self-created screen…[and] seizes…our executive officers… legislative bodies… schools… courts… newspapers and every agency created for the public protection.”
    John F Hylan

    “The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalistic fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations. Each central bank…sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world.”
    Dr. Carol Quigley “Tragedy and Hope”

    “The Rothschilds, and that class of money-lenders of whom they are the representatives and agents – men who never think of lending a shilling to their next-door neighbors, for purposes of honest industry, unless upon the most ample security, and at the highest rate of interest – stand ready, at all times, to lend money in unlimited amounts to those robbers and murderers, who call themselves governments, to be expended in shooting down those who do not submit quietly to being robbed and enslaved.”
    Lysander Spooner

    “Banking was conceived in iniquity and was born in sin. The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, let them continue to create deposits.”
    Sir Josiah Stamp

    “We shall have World Government, whether or not we like it. The only question is whether World Government will be achieved by conquest or consent.”
    James Paul Warburg

    “The few who could understand the system will either be so interested in its profits, or so dependent on its favours, that there will be no opposition from that class, while on the other hand, the great body of the people mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.”
    John Sherman

    “Give me control of a nation’s money and I care not who makes the laws.”
    Mayer Amschel Rothschild (Bauer)

    “I care not what puppet is placed on the throne of England to rule the Empire, …The man that controls Britain’s money supply controls the British Empire. And I control the money supply.”
    Nathan Mayer Rothschild

    “I have but one lamp by which my feet are guided, and that is the lamp of experience. I know of no way of judging of the future but by the past….Is life so dear, or peace so sweet, as to be purchased at the price of chains and slavery? Forbid it, Almighty God! I know not what course others may take; but as for me, give me liberty or give me death!”
    Patrick Henry

    LONG LIVE THE CONSTITUTIONAL REPUBLIC!

    • Yhhung

      Good sermon. It’s good to be reminded on the reason why we are in this world – that is to worship God mad do his will.

  • http://endzone.fortunecity.com/ Craig

    OT:

    Santorum will crack down on internet porn. You guys who want Ron “Goofball” Paul to be president won’t have to worry. Ole Goofball will let you watch all the porn you want–and then some.

    OT

    Santorum would really crack down on internet porn. I’ll bet most of you guys won’t like that will you? You better hope “Ole Goofball” starts doing better. He’d let you watch all the porn you want–maybe even child porn?

    http://dailycaller.com/2012/03/14/vigorous-santorum-crackdown-may-catch-internet-porn-viewers-with-pants-down/

  • SMASH THE CONTROL MACHINE

    REPENT YOU ************************ THE AXE IS LAID AT THE ROOT OF THE TREE EVERY TREE THAT DOES NOT BEAR GOOD FRUIT THROW INTO THE THE FIRE!! These rich live in sumptuous luxury. “You have lived on earth in luxury and self-indulgence. You have fattened yourselves in the day of slaughter” (v.5). What a vivid picture. It is of a group of soldiers on the night of victory, all the slaughter behind them, celebrating the destruction of their enemy and without any restraints gorging themselves on what they have picked up. Just one night for the soldier; every day for the rich. James is referring to people who must have a new car every year, who are weary of their expensive clothes after they have worn them a couple of times, and like the sheets changed on their beds every morning. What was one news item in the paper this week-end? That some film-star had taken four friends for a meal in London and the bill had been 17,000 pounds. The major part of this had been on the purchase of a bottle of wine called Romanee Conti 1978 which cost 11,000 pounds, and some other similarly priced bottles. Such extravagance is unalloyed wickedness. “Self-indulgence” James calls it.

    How can preachers live sumptuously? It is wrong for them to do so because it is wicked for any follower of the Lord Jesus to live in that way. Thomas Manton says, “God gave us wealth for another purpose than to spend it in pleasure.” Remember how Amos preached so courageously against the self-indulgent with this same spirit: “You lie on beds inlaid with ivory and lounge on your couches. You dine on choice lambs and fattened calves. You strum away on your harps like David and improvise on musical instruments. You drink wine by the bowlful and use the finest lotions” (Amos 6:1-6) A luxurious lifestyle is as much an abomination to God as anything in the ten commandments or the Sermon on the Mount. That is the absolute, invariable and inviolable law of Almighty God. To live lives of sumptuous prosperity will lead people to hell. Dives was indulging himself while Lazarus was starving. Dives ended his life in the place of woe, but Lazarus went to heaven. The rich man cannot maintain a life of extravagance and keep a good conscience simultaneously. That is impossible. One of the two has to be sacrificed. You can keep you conscience and mortify your luxuries, or keep your luxuries and smother your conscience. You cannot keep both.

    iv) These rich murder the innocent. “You have condemned and murdered innocent men, who were not opposing you” (v.6). Wealth is power. Keeping wealthy means keeping power, and so it easily leads to violence. The mob, the gangs, the Mafia, the drug barons, the private armies, the Provos, the I.R.A., the godfathers, the hit men, murderers, intimidated witnesses – all of this so familiar to us from the media. Powerful men use legal processes and are able to condemn the innocent. And the innocent are not opposing. What pathos! We have received such moving letters from condemned cells in Iraq of brave servants of Christ going to their deaths modestly and bravely, not shrieking and protesting their innocence. It is not that they could not or ought not to have resisted their powerful accusers but that they chose not to. They have committed their souls to the righteous Judge who will reveal all things in that great day. That is enough. We think of the Lord Jesus Christ the one completely innocent man. He did not resist his enemies. He was sold to his enemies by his friend Judas and he bowed to that action. His servant Stephen cries out, “Lord, do not hold this sin against them!” as the hurled rocks crash into his body.

    These then are the actions of the wealthy wicked which James arraigns before us.

    2. Why Does James Preach to a Poor Congregation About the Wealthy Wicked?

    We all know how easy it is to declaim against sins that no one in the congregation has any opportunity to commit. Every real minister feels agreement with Edmund P. Clowney when he wrote, “I must confess that I was sterner with the liberal enemies of the gospel outside the Orthodox Presbyterian Church than with the sins of those to whom I ministered.” Is this a classic case of James the preacher getting worked up over men who would never darken the doors of a place of worship, and the result of our hearing his words is that we poor folks feel smug? Not at all. There are many good reasons for this passage to be judged and weighed by us all. The seeds of covetousness are in every heart. Poor people are troubled by inordinate desire just as much – if not more – than rich people. There are always those who are mean-spirited and secretly wealthy within every congregation. There is nothing like the word of God on any subject to cleanse and purify all who hear it in faith. We are interested in knowing what does the Bible teach about riches? We want to know everything in the Word of God don’t we? The truth will touch us somewhere in our lives. Scripture is like an Internet. It is a series of connections. You hear something on life under the Judges, or the battle to build the walls of Jerusalem in the time of Nehemiah, or read what Paul says to slaves in the first century and the messages directly relate to your problem in the factory this coming week.

    Again, the Christian church has its share of charlatans who use religion to make themselves rich. Here is a letter from a certain Pentecostal evangelist. He is a proponent of the so-called ‘health and wealth gospel.’ They are the ‘name it and claim it’ people. In this letter he is appealing for funds to enable him to send Christian materials to the Third World. He says, “There is no better way to insure your own financial security than to plant some seed-money in God’s work. His law of sowing and reaping guarantees you a harvest of much more than you sow … Have you limited God to your present income, business, house or car? There’s no limit to God’s plenty! … Write on the enclosed slip what you need from God – the salvation of a loved one, healing, a raise in pay, a better job, newer car or home, sale or purchase of property, guidance in business or investment … whatever you need … Enclose your slip with your seed-money … Expect God’s material blessings in return …” (quoted by John Stott, in “Issues Facing Christians Today”, 1984, Marshalls, p.226). There are not many churches without some people toying with such dreams, and wondering whether they might be true. Don’t they deserve just a little more money? These ideas are to be sternly resisted. In the Old Testament, when God’s people were a nation, God did reward their obedience with material blessings, but now the new covenant has obtained for all God’s people “every spiritual blessing” (Eph. 1:3) which is enjoyed by every single Christian. Forgiveness of sins, the indwelling Spirit of God, unlimited access to the indwelling Saviour, a glorious inheritance in heaven, the imputed righteousness of Christ, the end of the reign of sin over us – these blessings are the portion of the youngest lamb in the flock of God. Even under the old covenant the rich man had to use what he had to care for the poor. So all of us need warnings about how destructive riches can be.

    Again, there were people hearing these words who were the victims of unscrupulous men. Their lives were a misery and they were suicidal. They were like Israel threatened and raided by Babylon, Moab, or Tyre. There were few people from those countries listening to the prophet Isaiah as he declared how the Lord would deal with them, but the Lord’s people heard that God would avenge them for what his enemies did to them. Hitler and the Nazi party was not listening to Winston Churchill breathing out threatenings against them, but his words bolstered the morale of the British nation. So it was here: the down-trodden and disadvantaged and abused Christians were lifted up by James describing the justice of God and the judgment that would fall on their cruel employers. They no longer envied them. It gave them hope and calm. They felt they could cope because the Lord was with them.

    3. Why are the Actions of the Wicked Wealthy So Unwise?

    James chooses three symbols of success:- wealth, clothes and precious metals. The word ‘wealth’ can refer to cereal crops like corn and wheat. Garments were a common form of wealth, and finally there is gold and silver. So James had taken the most recognisable evidences of financial security. A wealthy man had barns of corn and wheat, wardrobes full of beautiful silks and embroidery, and his strong room full of gold and silver. James says, “Fine, but do you realise that the corn and wheat can get mildewed and spoiled, and so utterly useless. And moths have got into your wardrobe and laid their eggs in your fine clothes. Even now grubs are eating your dresses and suits. And your gold and silver? Even that has been corroded, and you had thought your jewellery was not a base metal and it could never lose its value.”

    You see how James even uses a past tense, actually the perfect tense, as he describes the disintegration of all the possessions of the wealthy man. It is perfectly captured in the NIV – “your wealth has rotted, and moths have eaten your clothes.” You are riding around in your chariot expecting everyone to notice you and be subservient, but don’t you know that everything you are basing your hopes on for a secure future is being destroyed. Every earthly treasure is uncertain. The Lord Jesus talks of moth and rust corrupting and thieves breaking through and stealing our most valued possessions.

    You accumulate all that wealth, and yet how vulnerable it all is. You invest in a mink coat and dare not wear it because an animal rights activist will throw acid over it. If you keep it in a wardrobe the moths will attack it. You invest in grain and you build bigger barns and silos, but mildew attacks, and vermin gnaw their way in and it is ruined. You buy some treasure, an antique, a Welsh dresser, an old master, some early books, postage stamps, but they are liable to breakage, wood worm, fire and corrosion. You take any earthly treasure and safeguard it against inflation, but it is vulnerable to those forces of destruction, revolution, greed and war that operate in human society. It may be economic uncertainty. It may be sophisticated thieves. It may be the uncertain political situation. It may be something that happens on the other side of the world, but certainly what we can expect in the future is change and decay.

    Why are you investing in those treasures? They are transient and impermanent. Let me remind you, if it is necessary, that this applies not only to consumer goods but to the most precious of our possessions, to those things that are of the most consequence to rich and poor, our homes and marriages. The intimacies of marriage relations, the love of a husband for his wife, and a sister for her sister, even over these precious realities there lies a great and solemn inscription, “until death us do part.” There is no way that we can frame our lives and guard our treasures – even by Fort Knox security – and ensure that they are going to be permanent. If the wealth is physical, then physical changes will destroy it. If the wealth is personal then that reality which severs all personal relationships will destroy that. James is saying, “Don’t live for corn, wheat, garments, silver and gold. Don’t live for anything that is transient and uncertain.”

    Let us go beyond that, not only impermanent, surely also this, that in the last analysis they are not able to satisfy our deepest human need. Now an animal can survive by food alone. He looks at grass and eats grass all his days. Man cannot live by bread alone. You cannot sustain a soul on gold bars. You cannot feed the human spirit on pounds and pence. See what James goes on to deal with in the rest of this chapter – some of the great realities of our lives, pain – it comes to all of us – and patience – how we need it – and prayer. How can I be helped in this?

    You remember Mr Percy Shaw who invented the cat’s eye? With all his money he needed more. He needed to look at something. He had to think and feel and laugh. He needs stimul ation, and so he turned to the TV set and lived his life before that. Do we not know the problem of boredom? You see a child with a new toy, how fascinated he is with it, taking it to bed and unhappy when it is not in his hands. He had begged for it and even prayed for it, and at last he has it and is overwhelmed with delight, but a week later the toy is discarded. It has lost its fascination. We are back to Augustine’s great dictum, “You have made us for yourself and our hearts are restless until they find their rest in thee.” Only in God can we find patience in suffering and one who hears our prayers.

    The “Radio Times” has recently done a four page feature on a showman called Freddie Starr. It is the saddest story because Freddie Starr concludes saying, “I’ve had no life. I’ve missed it. And if you haven’t got a life material things mean nothing. I’ve lived in a palace, with eight Rolls-Royces and two helicopters, so there’s nothing anyone can tell me about that. There’s times I put my head in my hands, and think, ‘What’s this all about?’ I lead a dull and lonely life off-stage. Show business has cost me a lot of money and two marriages. Categorically it has not been worth it” (Radio Times, 20-26 February, 1999, p.20).

    There is only one ambition worth pursuing and that is to discover what is the meaning of life, hearing the answer in the words of the Lord Jesus Christ, “I am the life.” I say that you can look at the mountains of all your other ambitions, the salary you want to be earning by the time you are thirty, the man you want to marry, the sort of car you’d like to drive, the house you dream of living in, the clothes you see yourself wearing, the qualifications you want to get, the rank you wish to reach, and you can say ,as you plod up that long slope, step by step, on the weary way towards your life’s dreams, “Not much longer, and when I attain that, what a glorious day it will be, to reach the summit, what a beautiful prospect will be mine then.” Then finally you have it. It’s you who have it, remember. It’s you; no one else; but the same old you with your fears and weaknesses who has it. It comes at last to you, and I tell you, the moment you have it, then the goal itself seems to crumble into dust. It’s not much after all. It doesn’t fulfil. It is not man’s chief end. It may have its relative importance and value, but it is not going to meet the needs of your soul. One gold bar would not do it. The eight Rolls-Royces and two helicopters fail to do it. I wander in my palace house from one room to another and all I find in each room is a TV set and me. I have my millions, but I have no life. You’ve missed it! The Lord Jesus says I can have the whole world, but I am on the edge of eternity, a lost man.

    Is that fulfilment? You have your riches, your corn, wheat, garments, silver and gold, item by item, maybe like Chairman Mao, or the president of Zaire, or Robert Maxwell – you could get anything at all that you desired, just suggest it, and minions will run and obtain it, but you have lost your own soul. So what has been the point of the accumulation of transient treasures at such cost, to the hurt and destruction of so many people? They cannot satisfy you, and in the end you are bored with them all. Look at Elvis Presley, that great icon of 20th century youth, in the last years of his life totally dependent on drugs to get him through a single day, while he was such a wealthy man. He started life going to church in a small town in Mississippi and hearing the gospel every Sunday. He ended life the most famous young man in the world but without a family or one real friend, a recluse surrounded by hangers-on, and in bleak despair. He who in films would croon love’s tune, by the Hawaiian lagoon, in June, died a lonely loveless death. The dream became one long nightmare. He missed it.

    Let me spread this teaching on the folly of materialism a bit further. James is describing men whose treasures are material things and they are totally ruthless hanging onto them. They will trample on other lives and condemn and murder to keep the treasure they’ve got. The Lord Jesus says, “Where your treasure is there will your heart be also.” Now that is one of the great threats that hangs over our Christian lives. Christ says in the parable of the sower that there are some who initially receive the gospel with joy, but then, he says, they are drawn away by “the deceitfulness of riches” and their hearts are being taken away from the gospel.

    Think of the Christian interest of young people, their openness to the Bible and admiration and love for the Lord Jesus Christ. There is an idealism and purity about them, until earthly ambitions grow and the pursuit of this world engrosses their hearts. The Lord Jesus is saying to you, “Be careful.” Remember how the devil showed the Son of God the kingdoms of the world and all their glory – and they do have glory – and vainly promised Christ that splendour if he fell down and worshipped him. Will you be strong enough to say, “Away from me Satan! For it is written: ‘Worship the Lord your God, and serve him only”” (Matthew 4:10). Many have fallen down before Mammon. No longer for them to live is Christ, but for them to live is to graduate, to own my house, to increase my salary, my children doing well – that, for me, is to live. That is my treasure. That’s where my heart is. How often is it true of us that we’ve left our first love. There was the joy of discovering Jesus Christ, and that great peace in our souls, and a zeal that others should know what we know, and there were hardly enough sinners in the world to convert. But today we have relapsed into the cult of ordinariness and averageness. We are consumed by the passing trivia dictated to us by the papers and the media, because it is inevitable, wherever is a man’s treasure there will his heart be.

    4. What is Going to Happen to the Wealthy Wicked?

    Nothing happens to them, you say. They just die. That’s it. We live. We die. Right? Wrong. We live. Yes. We die. Yes. And after death the judgment. Not reincarnation. The wicked wealthy does not come back as an untouchable. “How do you know?” you ask. Because of the Lord Jesus Christ. He said one day he would stand before all men and he would divide them as a shepherd divides a sheep from his goats, and consign them to their destinies. Jesus said that there was a wicked wealthy man and he died and he went to hell, that he longed to be delivered from there, but there was no deliverance. There was a great gulf fixed as wide as the distance between one side of the universe and the other, and then some more, and it was impossible to cross it. The coming sequence before us all is this: Death: The throne of the universe: Heaven or hell. Jesus said it plainly for simple fold to understand. The Jesus who raised the dead, and gave sight to those born blind. The most sane and lovely man in human history. The one who preached the Sermon on the Mount. You and I are devious and proud people, self-seeking, believing and teaching what is most convenient for ourselves. He wasn’t.

    So I don’t believe in reincarnation because he didn’t. At his transfiguration Moses and Elijah met him. Moses had been dead 14 centuries, enough to be reincarnated 20 times but it was he who met with Jesus. When the dying criminal asked Jesus to remember him when he came into his kingdom Jesus did not tell him that if he lived a better life in his next hundred reincarnations atoning for being a criminal worthy of that death in this life then maybe he would reach nirvana. Jesus said, “Today you will be with me in paradise.” When Stephen was stoned to death the last thing he saw was the heaven opened and Jesus standing to receive him. There is no reincarnation. We all have just one life, and each of us then must give an account of our lives to God. This is a moral universe. My conscience tells me it is. The man whom grace taught to live his life for other people, and laid down his life caring for them does not end in the same place as the man who hoarded wealth, and lived in luxury and self-indulgence, failing to pay those who worked for him, and murdering the innocent. There are two roads, and two destinies, one in the presence of the Lord Jesus Christ, and one in an unspeakable place. See what James says here:-

    In verse 4, “The cries of the harvesters have reached the ears of the Lord Almighty.” You see the picture. Here are starving families, men weak with hunger, but one day a landowner calls them over: “Work in my field all day and I will give you such a wage.” It wasn’t much, but it was better than nothing. So all day under the hot sun he laboured longing for the evening to come when he’d take his wage home to his wife and children and buy some food that they might live. But at the end of the day the landowner turned up with some of his bully boys and said he didn’t have the money right now, and “come back tomorrow.” But tomorrow was too late for your baby, and your cries in heartache over your dead child and over the evil of that man with so much money who made those great promises but failed to keep them – those cries of yours and your wife’s have reached the throne of the universe. The Lord Jesus has heard those cries. The Lord Almighty, that is, the Lord of the hosts of heaven, one day will come and all his holy angels with him. Nothing can possibly prevent him raising the dead and setting up his throne in the heaven and gathering all the world before him to be judged. He hears the cry of the tortured, the rape victim as she cries for mercy, the little boy forced to work 12 hours a day, the empty promises of the bribed politician, the weak smile of the corrupt policeman – those very sights and sounds have reached the Lord Almighty.

    More than that, James says the very “wages you failed to pay the workmen who mowed your field are crying out against you” (v.4). Judas’ 30 pieces of silver are round his neck in hell for ever. The blood of Abel cries out for justice. Cain must answer to that blood. The pennies stand in the witness box and all jingle at the wealthy wicked, “We were the sum you promised to your workmen. We never left your pockets did we?” That’s their cry. Your mouth is stopped. The alimony you never paid. The maintenance never given. The money meanly kept back from your wife and children. It will cry out in the great day, and your mouth will be stopped. Men say, “Ah, well, you can’t take it with you.” The implication is, so you spend it here. But God says, “I will take it beyond the grave. Not its delights and forbidden pleasures but as evidence to speak out against you.”

    See what James says about your corroded gold and silver, that it “will testify against you and eat your flesh like fire” (v.3) The marks of mammon are on you indelibly, James says. You have hugged your silver and gold to yourself and it has corroded your soul. Why that meanness? Why that Mr Scrooge? Why so pitiless? Your soul is corroded. That is the reason, and you cannot give. You can only take. It is emotionally impossible for you to be generous. It hurts you to be kind. You are a corroded man, and all the signs are there, the toughness, the implacability, the insensitivity, the aloofness and the distance from hurting people, the emotional stringency – they are all marks of a soul that has clung to gold and silver and become corroded by it. That is the evidence of your shame, and that will be your punishment in the place of woe. You wanted gold and silver, well you will have it for ever and ever and ever. That is all you will have, eating your flesh like fire. There will be nothing else for you but the thickest walls of gold, cages of silver, chains of precious metal all preserving you in judgment for the great day. That will testify against you and it will “eat your flesh like fire.” That, James says is “the misery that is coming upon you.” These people look so beautiful in the glossy magazines, and their lives appeared so enviable, but look where they end up. They are on a road, everyone of them, and it is going to destruction. They dealt with their workmen; now the living God will deal with them.

    Why is the rich man in hell? Not because he was rich. That is where the socialist is wrong. He is there because of the manner in which he got his money, and the spirit it produced in his own soul, and the way in which he used it. There is nothing like wealth to make it hard for us to enter the kingdom of God. It dulls the sense of spiritual urgency, and the reality of divine judgment.

    “Weep and wail,” says James. He is talking about godly sorrow. He is telling them to repent. In other words there is hope, even for the meanest cruellest Scrooge that this world has seen. There is hope of his redemption if he weeps in shame for what he has done. If he wails in repentance before God for his wickedness. Let our repentance be commensurate with our sin. James is denouncing great sinners. Great sinners must manifest great repentance. It is not enough on their death-beds to mutter a general confession. What value will that be? Scarcely any. Now is the day of mercy, and that is received by repentance. “Oh God I am sorry.” Really break your heart before God. There was a wealthy man named Zacchaeus (Luke 19:1ff). He was the sort of man James was speaking about. When Jesus entered his life the change that took place was commensurate with the wickedness of his past. He gave away half of what he possessed to the poor and if he had cheated anyone he paid it back four times over. It was deadly serious and very costly for Zacchaeus to be saved from that wickedness. It means weeping and wailing. But far better to do that in the day of grace in this life, than endlessly in judgment in the life to come. There is an escape from hell, but there is no escape without repentance. The only escape is through grief for your sin at the feet of the Lord Jesus.

    • N. Daniels

      Awesome message. Filled with so much truth. Most can’t handle the truth though. Not sure if it has any bearing or not but I was amazed by the fact that the very next post after yours contained the statement “How do we plan to get rid of them”? Like two sides of the coin, only one side is important and the other by comparison is irrelevant. So amazed that so few can see that the only important thing in life is to be right in the eyes of God. All this pettiness and politics and elections and banking and on and on and on………it’s just a distraction to keep us from focusing on the one important thing. We can’t save this planet, we can’t save this country, we can however save ourselves by turning it all over to the Lord of creation before it is too late.
      Humanity has already been weighed in the balances and found lacking. Judgment is coming. The good news is that God has provided us with a way to pass that judgment, free and clear. Turn to God through Jesus Christ and you WILL be saved. Sure its great to prep, sure its great to be aware, but if Christ returns tonight, only one thing will matter. God Bless.

  • Brian

    A bigger question is, how do we plan to get rid of them? Mitt Romney will be the nominee and we’re stuck with Obama sach or Mitt sach.

    Not to mention except for maybe 5 congress men/women, the rest are all sach’s servants.

    • Lennie Pike

      1776

  • SWIFT

    Without Goldman Sachs, J.P. Morgan and a couple smaller banks, there would be no Wall Street. The Federal Reserve pumps billions into these banks, secretly, every time the market looks likely to fall. Then these banks place the money in selected companies to soften or reverse the fall. I do stand in awe that the endless printing of money has artificially kept the ship afloat for over four years. I would not have thought it possible.

    • Benjik

      Agreed. Whenever I think of the falsehoods and government math keeping the financial markets “afloat” I immediately think Hindenburg…..

  • David H

    Michael,

    Thanks for the article. To some it may seem extreme or cynical! However, If a person could go back in time 100 Years ago and tell the public of all the things to come both positive and negative you would be considered insane. I don’t believe people living today actually realize how close WE came to a economic collapse in 2008. You’re site is a must read for anyone if only to see a different point of view. We all need to wake up! Rome lasted as long as it did due to brute force over time and distance with advance technology of the day. Our collapse will come fast for the same reason; technology and the speed of information we have today! Anyone that ignores a possibility will pay a heavy price!

  • http://economyincrisis.org American

    In the meldown of 2008, suddenly there was Secretary of the Treasury Henry Paulson, not long since elevated from Goldman Sachs, using our tax money to fix his bank and the banks of all his friends.

    When we sift through the wreckage around the great bank bailout, we recollect how two teams of men from Goldman Sachs; one in control of each party, trading our Treasury Department back and forth between themselves and using it to bail each other out.

    And they actually got away with it.

  • No Country For Constitutional Men

    The next time someone tells you that nobody could see the implosion coming, read them this quote from Atlas Shrugged. It’s us looking at our society in a mirror. We are there!

    “When you see that trading is done, not by consent, but by compulsion- When you see that in order to produce, you need to obtain permission from men who produce nothing- when you see that money is flowing to those who deal, not in goods, but in favors- when you see that men get richer by graft and by pull than by work, and your laws don’t protect you against them, but protect them against you- when you see corruption being rewarded and honesty becoming a self-sacrifice- you may know that your society is doomed.”

  • Ted

    Give a man a gun and he can rob a bank. Give a man a bank and he can rob the world.

    • mondobeyondo

      Hehehe… that’s good!

      Teach a man to fish, and he’ll become the CEO of Star-Kist.

  • http://thegreatrecessionconspiracy.blogspot.com James Taylor

    Three years ago I wrote a short book to explain how the economy really works, and to explain how Goldman Sachs has taken over the U.S. Treasury Department. That is why I called it “The Great Recession Conspiracy”. While Michael got a good start in explaining GS influence, it goes much, much deeper, and none of it is good for us. You can find The Great Recession Conspiracy as a Kindle book and anywhere ebooks are for sale.

  • Ghulam

    Following Marx, Lenin and other secular Jews took over Russia and murdered the entire Russian upper class. Their percentage among the early Communist cadres was astonishingly high. Communism killed hundreds of millions of people, including peasant murders in China that dwarf those of the Nazis. When the market crashed in 1929, over 1200 of 1500 seats on the Berlin Exchange were in Jewish hands. The unwise and excessive, but understandable, German reaction destroyed Germany along with most of her Jewish population.

  • Old Man

    Goldman Sachs is now labelled as the “vampire squid” of Wall Street. It’s in business to play toxic financial games to ‘make the max’ and hell with everybody else.

    But, to my knowledge, it has not killed anyone, or bankrupted the country.

    Who did? G.W. Bush, ex-president. He started an illegal war by invading a country who has zilch to do with 9/11 and called it ‘going God’s work’. How many died for Bush? He entered office with budget surplus and debt of about $6B. He left with annual deficit of more than a trillion, and debt of $11T. He was the one who not only de-regulated Wall Street, but gave them a free hand to re-write the law. It was he who gave the largest bailout of the rich in the history of civilization. Which is why Wall Street busted the economy and got away with it.

    Goldman Sachs is certainly the symbol of American rot. But it’s GW who started the era of precipitous decline. The symbol of a Fundamentalist Idiot. Don’t forget GW – the American Nero.

    And don’t forget – the Roman Empire, which lasted 500 years to Nero, DID NOT survived Nero.

    • Gary2

      Yep those republicans sure do suck!

  • Robbins Mitchell

    “I may not be a ‘teabagger’,but I sure know how to take care of Goldmans’ sacks”

    ~Barokeydoke Hubris Obozo~

  • gary2

    Michael-If you would substitute republicans/conservatives in place of Goldman sucks it would make the article just as true.

  • Guest

    The author of the article does not understand even the terms he is using. He has long ago indicted the financial system, GS in particular, and now manipulates the quotes to create an appearance of support for his views. The article and the commpenters demonstrate the main problem faced by the country: most people, especially those on this site, have no clude about how their country works. You people have not a clue about economics or the function of the finance industrty and value it creates. Nor does it bother you that you are marching to Marx’s orders: it is since Marx that those attacking capitalism centered on finance. Why? ‘Cause most people have not a clue wehat finance is and what it does. Hitler, Mussolini, Lenin and FDR all attacked finance as vampires. You are in good company, people. You can learn a bit about economics, finance, and history of your coutrny, or continue to advocate fascism. That is what you do. (But then, again, you probably think that the word fascism is an insult; it’s not: it a form os socialist economy.) Go agead, dismantle the financial industry, starting with GS and others. See if you like the country then. Just ask the Russians and the Germans who did the same. Ask how fascist methods of FDR turned a regulat recession into Great Depression. And we a facing another because of people like you.

    • JD

      I would agree that attacking the financial sector might be the wrong target. It is the State that is the problem. The central bank itself and the power granted to it by the state that makes a lot of the mess were in possible. Fractional Reserve banking is something to ponder. Completely unconstitutional in my opinion. The bank tells you your money is safe, however, they bet nearly what 90% of it away? We need higher reserve requirements or a whole new method of banking.

  • http://theeconomiccollapseblog.com James P. Evanhoe

    OCCUPY
    Ladies and Gentlemen,

    It is time to demand the President, Pelosi, Reid and the GOP Congress to Step Down
    from power NOW!
    The following are comments I have made at Occupy Los Angeles & New York.
    They are fully documented, researched and are factual.
    We are in a fight to preserve Our Country.
    For Decades Pelosi and Reid had access to the same material that Matt Taibbi of the “Rollingstone” magazine, Nomi Prins writer and ex-executive at Goldman-Sachs and I have had, US Financial Reports, Treasury Reports, SEC Reports, % of Sub-Prime Mortgage being let, Pelosi and Reid have been through the Bush #1′s melt down of the Real Estate market caused by the same people in 1988,89,90,91.
    And from Source Watch . Com
    In May 2006, the Washington Post reported that Pelosi was not interested in pursuing impeachment and had taken it “off the table.” She reiterated this position throughout the 2006 campaign, noting on 60 Minutes that Republicans would “just love” the “waste of time” the proceedings would be. She added that “Making them lame ducks…is good enough for me.”
    After the Democrats won control of the House in November 2006, Speaker-elect Pelosi reinforced that any effort to impeach President Bush was “off the table.” Pelosi could have saved the Country!

    GOLDMAN DESTROYED AMERICA, YET OBAMA HIRED ABOUT DOZEN
    Submitted by Jim Evanhoe on Sun, 03/25/2012 – 6:40pm
    Goldman – Sachs, the company, was Obama’s largest contributor in the 2008 election. Goldman the company gave Obama $1,000,000.00, as Election Contributions show. That does not count what the Goldman executives and traders gave Obama in 2008 and now in 2012. Matt Taibbi writer for Rollingstone Magazine and Nomi Prins author and ex-executive from Goldman and myself have documented these facts. These are the facts: Goldman- Sachs deliberately destroyed the US Economy> March of 2000….to bring Bush to Power…..the deliberate deregulation by Alan Greenspan continued Goldman’s ability to defraud investors from the U.S. to Europe. Bush’s S.E.C. chief deliberately failed to safe guard Our financial system, so that Goldman and the rest could continue their fraud from 2000 through to 2008, and it continues today.
    Not only was is it clearly known Goldman played a huge roll in destroying the U.S. and Western World’s Economies 2000-2008, the individuals who did this are known. Yet Obama hired a dozen Goldman executives from the very beginning of his administration, infact his own Chief of Staff now the Mayor of Chicago was a high paid consultant to Goldman-Sachs. So are we the American People getting a “CON JOB” and nothing else from Obama ….You Bet…. Not only did Goldman get away with the largest securities theft in American and Global history, not one executive or trader from Goldman has ever gone to prison for their crimes. Obama and his Treasury Secretary continue their enrichment of “bailed out” Wall Street Banks such as Goldman, and so does the Federal Reserve under the current Fed Chairman Ben Bernanke. Obama and Bernanke latest Ponzi Scheme: the Fed lends at no interest billions and billions dollars to these same banks that got bailed out, whereby they purchase in return with these funds “free money” U.S. Gov. Debt Paper, with a payoff by the U.S. Gov. in real interest “Our Money”, this further enriches the guys who destroyed Our Economy, Our Neighborhoods, Our Jobs, Our Businesses, Our Children’s future, higher education for Our Children, the ability for us to find valued work, or for our children to find work. 10′s of Millions of Americans are out of work, things are not getting better! FACT: Goldman executives and Obama are becoming richer, taking huge vacations, sending their kids to top Schools, buying bigger homes, as WE become poorer. It is past the time of believing in anything Obama says. Goldman-Sachs top executives must be Criminally Charged, Convicted and Imprisoned for at least 20 yrs for destroying Our Financial System, it is absolute financial treason. Stop the Obama BS, it is time to vote out all Democrats for their failures, the biggest in US History, they absolutely failed to protect Our Financial System from criminals such as Goldman-Sachs.

    OBAMA IS 100% PHONY…………dump all democrats!!!!!

    We need an Independent Candidate for US President,
    Obama and the Democrats have failed even when they controlled
    the House, the Senate and the Presidency…what do you think they’ll
    do next time around? FAIL! BUT everyone must know the FACTS:
    Romney is Obama and Obama is Romney BOTH take their money from Goldman
    and Wall Street, Wall Street Executives, Traders, and former Partners.
    JAMES P. EVANHOE

    CHINA A SUCCESS, USA FAILED GOVERNMENT FAILED FINANCIAL SYSTEM
    Submitted by Jim Evanhoe on Mon, 03/26/2012 – 10:38am

    30 Years and counting, China has brought 700 million of its citizens out of Poverty.
    Today they are beginning the construction of 10 NEW CITIES, each with a population of at least one million, using current technologies for infrastructure and advanced green technologies, the cities of the future, today. As the USA has faced economic Recessions in 1988,89,90,91 & part of 1992, March of 2000,01, & part of 2002, October 2008,09,10,11 & 12, 13 yrs of Recession out of the last 30 yrs. China has never faced a Recession in the last 30 years. Why is this? THE FOLLOWING IS EXTREMELY IMPORTANT: You hear from some Wall Street types ours is an economy that goes through cycles, when in reality what is really happening is Theft & Deliberate Destruction of Financial & Economic Systems by Goldman-Sachs, hyper inflating the markets and then get out first and betting or short the market for failure creating every recession. As stated by my first comment on this topic: Goldman Sucks, Matt Taibbi, Nomi Prins and myself researched and or lived by watching Goldman-Sachs destroy, lead by it’s Board of Directors, March 2000 included the Bill & Melinda Gates Foundation, corporate executive & partners past and present Deliberately Destroyed the US Financial System. So the question is this: is

    Obama an Uncle Tom for Goldman-Sachs? These are the facts: Every Real Estate Boom starts to collapse during its fourth year of Boom. This fact was researched completely. In 2006 California was already sinking, with hyper inflation in the real estate market in regards to high end homes. This was the exact same case in the Real Estate Collapse of Bush number 1, 88,89,90,91 & 92, now it was Bush number 2 and the same hyper inflation happening in California; both times Stockton, California lead the way in homeowners becoming Upside Down with regards to their Home Mortgages. Yet Goldman kept bundling mortgages and offing them around the world as AAA Securities that is Fraud. That deliberate Fraud lead the Western World to Collapse.
    Yet Obama hired the following Goldman Executives………..
    Obama’s once Chief of Staff, Rahm Emanuel – contract employee to Goldman-Sachs.
    Obama’s Under Secretary of State, Robert Hormats, Goldman-Sachs International, Vice Chairman.
    Obama’s COO of the SEC Enforcement, Adam Storch, Goldman-Sachs Vice President of Business Intelligence.
    Obama’s Chief of Staff for the Treasury, Mark Patterson, Goldman-Sachs Lobbyist.
    Obama’s Department Director of the NEC, Diana Farrell, Goldman-Sachs Financial Analyst.
    Obama’s Chairman of the FIAB, Stephen Friedman, Co-COO, Chairman of Goldman-Sachs.
    Obama’s Ambassador to Germany, Phillip Murphy, a Director at Goldman-Sachs.
    Obama’s Chairman of the CFTC, Gary Gensler, Co-Head of Finance at Goldman-Sachs.
    Obama’s White House Counsel, Sonal Shah, Vice President Environmental Policy at Goldman-Sachs.
    Obama’s White House Staff, Alexander Lasry, Government Affairs Analyst for Goldman-Sachs

    Question?
    Now if you owned a business and had an accounting firm do your books only to find out they destroyed your business would you have hired the accounting firm’s employees? The answer would be absolutely not.
    Yet Obama the Uncle Tom of Goldman-Sachs did just that. You might have lost your home, your job, your children’s college education fund, your retirement funds, but Goldman-Sachs received cake positions from their Uncle Tom, Obama.

    Uncle Tom – Wikipedia, the free encyclopedia en.wikipedia.org/wiki/Uncle-Tom
    The phrase “Uncle Tom” has also become an epithet for a person who is slavish and excessively subservient to perceived authority figures, particularly a black …

    Obama spoke to Us about Change, Yet there was none, Wall Street Criminals still drive their million dollar cars, send their kids to high end prep schools and Universities, while we the 99% live in a greater degree of poverty. Not just less wages, less balanced meals, homes that need repairs, children going without, grandparents wiped out financially by the deliberate destruction of Our Financial Institutions and Economy.
    James P. Evanhoe
    GOLDMAN – SACHS “SUCKS” IN DEGREES IT ALL EQUALS TREASON
    Submitted by Jim Evanhoe on Mon, 03/26/2012 – 1:24pm
    IS IT TREASON? You tell me!

    In China if one of the leading Financial Institutions were caught deliberately collapsing the entire Chinese Economy, that firm’s officials would be shot or hung. With good reason, to have destroyed the efforts of creating a better life for its citizens, all 1.3 billion of them, China with its own set of corruption issues, but on a far smaller scale, would still have never allowed Goldman-Sachs to get away with destroying the entire Financial System. The Chinese did make a comment that Goldman-Sachs was trying but failed in China. Today in the USA we need leaders both in government and in the financial system that will clearly complete thorough Checks & Balances over all Our systems.
    How it “The American – USA – Economy” was “Setup to Fail”………….the following
    are absolute facts.
    1st
    It took the Bush’s Family’s main man in Congress Phil Gramm of Texas to introduce the Bill “Gramm-Leach-Bliley Act” that would deliberately destroy the “Glass-Steagall Act”, the act that protected our financial system & our economy. This happened in 1999.
    They had Clinton over a barrel in 1998-99…threatening him with further criminal charges in regards to the lies about the “Blue Dress”and his other whore…………Clinton Caved! Remember the criminal charges of “White Water” a real estate deal in Arkansas that could have taken the Clintons out had they not visited
    Max C. Chapman Jr in Wyoming the Summer of 1995 and made a deal. But now the Blue Dress and the whore in Arkansas. Watch the tape of him signing the “Gramm-Leach-Bliley Act” ending the protection of the “Glass-Steagall Act”, Gramm acts as if he just stabbed Caesar and got away with it!
    2nd
    Then in March of 2000 Goldman-Sachs with Board members from Intel, Bill Gates’ The Bill & Melinda Gates Foundation, GE and Oil set about “unloading from the Top.” Meaning the top executives at Goldman were getting out of Tech, yet every piece of Investment Recommendation out of Goldman to it’s mid to small cap investors said to “BUY.” We watched this happen first hand!

    Why would Goldman destroy the Tech Boom, a $17 Trillion dollar segment of the Global economy. An industry with America’s brightest minds, the greatest advancements to the Global Society since the Industrial Revolution over 100 yrs. earlier. WHY? Why destroy millions of the best paying jobs ever created by innovation? Why destroy 100′s of billions of dollars in retirement funds, stock value, jobs for Tech Employees? Why derail America’s future?
    3rd
    So that The Political Playing Field between Gore & Bush would be economically leveled. Thus giving the Bush Family an even chance …and several corrupt actions in Florida to bring George Jr. to power. With George Jr. in they: Goldman, Bill Gates, GE & Oil would get what they wanted… even at the Cost of destroying millions of jobs and destroying trillions of dollars of investments in the Tech Market, the future of America, the World. I come from a huge Political Family in California both Republican and Democrat…I have watched my entire life just how groups level the Political Playing Field. Now with Bush in Bill Gates who had contributed with his executives 3 times more money to the Bush Republican effort, would have Bush Jr. stop the breakup of Microsoft>>remember<remember>remember<< every Real Estate Boom starts to collapse in its 4th year, that would have been 2006. All Wall Street Investment Firms work off of industry charts going back decades, 20, 50 yrs. They absolutely knew The Real Estate Boom was crashing and that is WHY the top executives at Goldman and their Former Partners like Dan Cook the III sold their holding either in the markets relating to real estate or Goldman's own Stock…it is all on record.
    Remember again, Pelosi failed to Impeach Bush. Had she Our Country, Our Financial System could have been saved.

    8th
    They needed a President that would continue the Corruption of Our Financial system, protect them from prosecution, as CBS 60 minutes' commentator stated to the Head of the FBI in Los Angeles, who was to investigate Wall Street and never did, on National Television, the commentator said to the FBI Director are you Incompetent? He the FBI
    Director in LA stated the American People will have their day? And when would that be? Bush and Wall Street needed another Uncle Tom, a President owned by individuals owing Bush, or Goldman Sachs that would be the Pritzker Family of Chicago Obama's main supporters who were in Jackson Hole in 2005 getting a deal from none other than Max C. Chapman Jr. as the Clinton has done years earlier. Bush and Wall Street got just that in Obama.
    9th
    As we sit here March 26th, 2012 and see Romney owned by Wall Street PACS and the Mormon so called Church, Obama owned by Wall Street executives and the Pritzker Family, they are currently Our only choices for President of the United States of America…& "We the People"… for NOW. Are we OCCUPY going to let this happen again and again until there is nothing left but poverty for the 99%. As China lives for decade after decade with correct financial and economic management, checks and balances that protect the entire society, not just the ruling class, the entire society all 1.3 billion citizens……… "We the People of the USA" are getting raped by the Bush Family and their cronies: Goldman-Sachs and the failed Presidency of Obama.
    Finally:
    Who leads the World economically and financially? It is no longer the USA, the USA has to borrow 40 cent of every dollar the government spends. Our government is in current debt of over $15 Trillion, and overall long term debt of $57 Trillion and growing. See: http://www.usdebtclock.com
    The Bush Family and Goldman since their journey of Social and Financial Chaos started has destroyed globally since the mid 1980's over $300 trillion in assets lost, retirement funds, stock value, economic output nationally and globally, millions of businesses put under, millions of homes lost globally, individuals credit ratings destroyed and they may never recover, the future of higher education for our children basically stripped from most,……..These are the Facts……..

    GE & Big Oil may profit short term from Bush Created Wars & Financial Chaos but over the long term they have lost 100's of billions….JUST DO THE MATH!
    So does Goldman Suck………. big time, big time treason in my view!
    James P. Evanhoe

    WE MUST ALL DEMAND THE PRESIDENT, PELOSI, REID AND THE GOP CONGRESS STEP DOWN NOW!…………….WE CAN DO THIS come SUMMER WITH A 10 MILLION MARCH ON
    WASHINGTON D.C. OVER A 30 DAY PERIOD.

  • http://theeconomiccollapseblog.com James P. Evanhoe

    Thanks for publishing these Comments….James P. Evanhoe

  • Georgina

    Hello all!
    As a musician I’d like to comment on Goldman Sachs through a song they “inspired” me to write…

    http://youtu.be/JRQrSEpeb5c

    I hope you enjoy it!

  • jake

    Learn how to prepare yourself to doomesday here http://naturaldisastersgetready.weebly.com/

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