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Even Goldman Sachs Secretly Believes That An Economic Collapse Is Coming

Goldman Sachs is doing it again.  Goldman is telling the public that everything is going to be just fine, but meanwhile they are advising their top clients to bet on a huge financial collapse.  On August 16th, a 54 page report authored by Goldman strategist Alan Brazil was distributed to institutional clients.  The general public was not intended to see this report.  Fortunately, some folks over at the Wall Street Journal got their hands on a copy and they have filled us in on some of the details.  It turns out that Goldman Sachs secretly believes that an economic collapse is coming, and they have some very interesting ideas about how to make money in the turbulent financial environment that we will soon be entering.  In the report, Brazil says that the U.S. debt problem cannot be solved with more debt, that the European sovereign debt crisis is going to get even worse and that there are large numbers of financial institutions in Europe that are on the verge of collapse.  If this is what people at the highest levels of the financial world are talking about, perhaps we should all start paying attention.

There is a tremendous amount of fear in the global financial community right now.  As I wrote about the other day, the financial world is about to hit the panic button.  Things could start falling apart at any time.  Most of these big banks will not admit how bad things are publicly, but privately there is a whole lot of freaking out going on.

According to the Wall Street Journal, Brazil believes that "as much as $1 trillion in capital may be needed to shore up European banks; that small businesses in the U.S., a past driver of job production, are still languishing; and that China's growth may not be sustainable."

Perhaps most startling of all is what the report has to say about the debt problems of the United States and Europe.

For example, this following excerpt from the report sounds like it could have come straight from The Economic Collapse Blog....

“Solving a debt problem with more debt has not solved the underlying problem. In the US, Treasury debt growth financed the US consumer but has not had enough of an impact on job growth. Can the US continue to depreciate the world’s base currency?”

Remember, this statement was not written by some guy on the Internet.  A top Goldman Sachs analyst put it into a report for institutional investors.

The report also goes into great detail about the financial crisis in Europe.  Brazil writes about how the euro is headed for trouble and about how dozens of financial institutions in Europe could potentially be in danger of collapse.

But in any environment Goldman Sachs thinks that it can make money.  The following is how Business Insider summarized the advice that Brazil gave in the report regarding how to make money off of the impending collapse in Europe....

  • Buy a six-month put option on the Euro versus the Swiss Franc, thus betting the Euro will drop against the Franc (the Franc being the currency that an official Goldman report recently referred to as the most overvalued in the world)
  • Buy a five-year credit default swap on an index of European corporate debt—the iTraxx 9. This is a bet that some of these companies will default, and your insurance policy, the CDS, will pay off

This is so typical of Goldman Sachs.  They will say one thing publicly and then turn around and do the total opposite privately.

For example, prior to the financial crisis of 2008, Goldman Sachs was putting together mortgage-backed securities that they knew were garbage and marketing them to investors as AAA-rated investments.  On top of that, Goldman then often privately bet against those exact same securities.

The CEO of Goldman Sachs has even acknowledged that the investment bank engaged in "improper" behavior during 2006 and 2007.

For much more on the history of all this, please see this article: "How Goldman Sachs Made Tens Of Billions Of Dollars From The Economic Collapse Of America In Four Easy Steps".

So will Goldman Sachs ever get into serious trouble for any of this?

No, of course not.

Yeah, they will get a slap on the wrist from time to time, but the reality is that the top levels of the federal government are absolutely littered with ex-employees of Goldman Sachs.  Goldman is one of the "too big to fail" banks and they are going to continue to do pretty much whatever they feel like doing.

Sadly, the power of the "too big to fail" banks just continues to grow.  At this point, the "big six" U.S. banks (Goldman Sachs, Morgan Stanley, JPMorgan Chase, Citigroup, Bank of America, and Wells Fargo) now possess assets equivalent to approximately 60 percent of America's gross national product.

Goldman Sachs was the second biggest donor to Barack Obama's campaign in 2008, so don't expect Obama to do anything about any of this.

We have a financial system that is deeply, deeply corrupt and all of that corruption is a big reason why things are falling apart.

Sadly, the 54 page report mentioned above is right - we really are facing a global debt meltdown and we really are heading for an economic collapse.

You aren't going to hear the truth from the mainstream media or from our politicians because "keeping people calm" is much more of a priority to them than telling the truth is.

The debt crisis in the United States is unsustainable and the debt crisis in Europe is unsustainable.  Right now we are in the calm before the storm, and nobody knows exactly when the storm is going to strike.

But let there be no doubt - it is coming.

The amazing prosperity that we have enjoyed for the last several decades has largely been a debt-fueled illusion.  It was a great party while it lasted, but now it is coming to an end and the aftermath of the coming crash is going to be absolutely horrific.

Keep watch and get prepared.  We don't know exactly when the collapse is going to happen, but it is definitely on the way and now even Goldman Sachs is admitting that.

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  • Rumplemeister

    My beloved country is dying. God said, “We would have healed Babylon(endtime America)but she would not be healed.” Jer 51:9 We have became mad upon our American Idols of: Money, Sex, Drugs, Rock and Roll, Beauty of the Flesh, Greed, Lust, and an Evil Eye towards our fellow man, even our own flesh and blood! Oh America, America, God shed His Grace on thee and crowned our good with Brotherhood from Sea to shining Sea. Righteousness exalts a Nation. Prov 14:34 We need to turn to God with our whole hearts and humble ourselves and then help our fellow man with our whole hearts. If we do this NOW then God will save our Nation from nuclear annihilation. He would save our cities, towns, and families. Oh, my brother and sisters, seek our Heavenly Father with every ounce of life within you. Give to the poor and needy, I command you ALL rich men in America, Do It Now! Or face the Judgements of Almighty GOD upon You, Your Family, and The United States of America. (Mystery Babylon The Great!)

  • Tom Osborne

    It’s funny the “secret” advice that was given, buy a six-month put option betting that the Euro will collapse against the Swiss Franc…didn’t the Swiss just PEG the value of the Franc TO the Euro?

  • http://www.youtube.com/watch?v=HqrdHLzvIV4&feature=player_embedded#! Ben Dover (America)

    A MUST Watch Video:

    Vox Populi, Methods of Manipulation- featuring David Icke, Jordan Maxwell, Max Igan, Freeman…

    http://www.youtube.com/watch?v=HqrdHLzvIV4&feature=player_embedded#!

  • GOLD

    coke suckers!!!

  • http://www.infowars.com/ May Day!

    Goldman Sachs would know! They are the ones who ENGINEERED IT! (ie, the economic collapse).

    Targeting the Real Enemy: Occupy the Fed
    http://www.infowars.com/targeting-the-real-enemy-occupy-the-fed/

  • http://www.infowars.com/ May Day!

    Can you name ONE other candidate with a track record comparable to Ron Paul’s,
    on BEHALF OF THE AMERICAN PEOPLE? (JFK doesn’t count – that was 1963 – and, the same people who killed him off, are running things now! Did you know, that LBJ would have gone to PRISON, for the murders of 8 people in Texas (including LBJ’s own SISTER!), at the hand of Mac Wallace, LBJ’s hired hit-man, had LBJ NOT become President? Bet you didn’t know that! LBJ wanted DESPERATELY to become President. TPTB (The Powers That Be) knew that JFK and RFK were trying to get LBJ OFF the ’64 ticket! In order for TPTB to reverse all of JFK’s actions as President (such as Executive Order 11110) – LBJ would HAVE TO BECOME PRESIDENT. The choice was clear – the deed would be done in Dallas).

    Again – can you name ONE other candidate with a track record comparable to Ron Paul’s,
    on BEHALF OF THE AMERICAN PEOPLE?

    Just ONE?

    Didn’t think so.

    Ron Paul Leads Hearing On First Ever Audit Of Fed
    http://www.infowars.com/ron-paul-leads-hearing-on-first-ever-audit-of-fed/

    Ron Paul 2012. End the so-called ‘Fed’. End the endless wars. Bring the troops home & defend American borders. Restore America NOW…

  • Gordan Finch

    Bank Stimulus, Quantitative Easing, Bailout, Intervention, whatever you call it.
    It is a Bailout of the Banks using Taxpayer Money. ITSFRAUD the Banks are being rewarded for Corruption, Betting Taxpayers Money on the wrong Horse, Bribery, Deception and Rigged Accounting.

    The latest attempt at Bank Bailouts will only delay the crisis several weeks before it reappears again to destabilize World Markets. Delays to the fallout are no longer possible the German and French public are aware and do not believe the hype fed to them by corrupt Government any longer.

    As a direct result of Corporate Greed and Corruption, EU countries are stuck with an irrevocably fixed and manipulated overvalue Euro. This is fuelling anger public unity and Bailout Protests in towns and cities all over the World.

    There will be no recovery even with further Fiscal Stimulus for the Banks, because it will never be enough. The Banks do not trust each other and certainly will not lend Money to anyone else. They will just buy Gold and hoard the Cash again.

    The stimulus that would have immediate effect is Fuel, removing the vat and duties would boost manufacturing and lower raw material and direct costs dramatically.

    This would be like a rocket up the rear end of industry. Rather than Governments reliance on the Financial sectors Corrupt Banks that will fail, taking everyone with them. But they wont release their reigns until forced by insolvency.

  • http://investingdatabase.com/investing/investing-tips/?s=H&p=1 Dennis The Menance

    I would like to comment about goldman sachs believes a crash is comming and they will take total complete advantage of it to their benifit. I say lets exchange those three piece suites and briefcases for a good pick a shovel a bucket and some pinstripes. I would like to suggest a blog that has lots of interesting videos about government takeovers’ corruption in business a really great blog. http://www.manhattansgreatest.blogspot.com

  • Albert Baker

    Small businesses will not do well. The locals
    do not have any money. Workers, including Government workers are earning less and less
    and have very little to put back into their
    local economies.

  • concious

    Anyone answer Zolko? “if the system collapses, there will be no-one left to pay those CDS” !

    What is the answer for this?

  • Phoenix Goodman

    Thomas Paine, an American patriot, wrote “Common Sense” during the revolutionary war . This pamphlet roused Americans to discover the philosophical case for revolution and freedom. Jean-Jacques Rousseau laid out principles in his Social Contract of the ideal society and how we could achieve governance that best suited the needs of the entire populace. The Declaration of the Rights of Man were laid out prior to the French Revolution that specified exactly what was expected to result after the tyrannical monarchies are abolished. Isn’t it time for a 21st century manifesto that follow in the footsteps of the Declaration of the Rights of Man, of Common Sense, and of the Declaration of Independence? Isn’t it time for a second Enlightenment?

    Every couple of decades, a cause arises to stir the people in the ever perpetuating battle of tyrants over freedom and every couple of generations a cause so large emerges that entire paradigm shifts are brought about by the people, led by those with drive, creativity, and vision. Today, those tyrants are the perpetuators of our faux-democracy and their economic tyrant counterparts-the banking elite, both inexorably and perpetually advancing no other agenda than developing an ever-growing disparity of power and wealth. Slowly but surely, and ever more quickly, they erode all progress made by the revolutionaries of past that fought to overthrow the aristocracies, monarchies, and religious oppressors of the time.
    We are still part of the constant struggle of the General Will of society- a drive to progress the well-being for all of society, with the Particular Will- the drive to progress one’s own well being, even at the expense of others, and of society as a whole. Today, the vast majority of our politicians are driven not by the sincere need to better society, based on a value system of rationality but by their hypocritical allegiance to their selective constituents at the expense of society’s welfare. The banks- the financial circulatory system of our economy, are run not by those who wish to create an economy most conducive to the nation’s well-being but by those who run private industries that wield the power to manipulate the movement of money. When selfish people are in an industry that allows a concerted funneling of money into their pockets, what outcome do you expect? And no less, when these same institutions are backed by the very government that was founded to be one by the people and for the people, there is nothing other than absolute proof that corruption by any means have utterly destroyed the visions of the freedom fighters of our ancestors’ time. Society may always evolve towards higher and higher ends, but only when there are ample counter-points to the aspects of the society that are flawed. The greater embeddedness of the problem, the greater the counter-force necessary to root out the problem, until there is nothing left but revolution. Are we at that point yet? You decide. But are we even at close the momentum needed to provide true change? Without the possibility for debate, we are certainly not.
    So, at what point are we in this movement?
    The time where only the most dedicated are left, the point where the synergy of our most meritorious will effectively culminate into the next phase- the phase of leadership, the phase of vision, the phase of philosophy, the phase of change, the phase of the movement!

    Thus far, we have been successful at creating awareness of the general problem, and have inspired an entire generation to realize that our society is built to benefit the absurdly small minority of the population and that this must be changed for the sake of the advancement of civilization itself. We have been experiencing none other than a devolution into the aristocracies and despotic governance of the past- the very forces we transcended that arose into the Enlightenment.

    Now, Phase 2!

    Like Thomas Paine, Robespierre, Thomas Jefferson and the other brave freedom fighters of revolutions past, we must not only look to changing a regime (or a president) but look to the future, to higher heights, to a greater fulfillment of humanity’s potential by assessing the flaws of the status quo and through a dialectical debate, philosophy, and creativity devise a new system, one more perfect than the last. Don’t fall prey to the psychological manipulation that our elections provide the sufficient change we need. It is the very system that the elections are built on that must be changed. We must transform the fundamentals.
    I, the writer of this pamphlet can provide some ideas to begin with. But what needs to happen is this “leaderless movement” needs to develop not a single leader, but an entire collective of leaders. A movement of followers raises awareness. A movement of leaders changes everything. How can we become a movement of leaders? Write more pamphlets. Don’t just say “down with x” or espouse blind revolution. Let’s utilize the most potent force for change- the dissemination of ideas. Let’s do the most daring thing of all and not just elect representatives in our system, but actually change the system itself. Which of you reading this is a Rousseau or a Jefferson? Who of you will rise as a hero and change history?
    Let’s use crowdsourcing as well as the scientific method to discover what works based on a value system of rationality and the General Will. Both have proven effective in bringing change to technology and academia but have never been applied to governance and economics.
    Capitalism brought us great prosperity by empowering individual entrepreneurs to utilize their hard work and creativity to create solutions to needs, creating jobs and progressing technology. While these positive traits allow the fulfillment of entrepreneurs and incentive system for effective production, this ideology in pure, blind form has no impetus to treat people as human beings but merely as commodities. Completely unfettered, the impetus for few to enrich their power disproportionately lead to a highly stratified society of a rich upper-elite and the working masses with the exponential function of money begetting more money, as eventually all wealth is funneled upwards.
    The counter-point- Communism- was devised by Marx as an ideology directly concerned with addressing these issues and providing the so-called remedy. The outrageous fallacy in this ideology is that by denouncing it outright society would rise to higher fulfillment of humanity’s potential. Reversing the aspects of capitalism that are negative is absolutely necessary, but by denouncing it utterly, the positive parts become casualties- the freedom of entrepreneurs to empower themselves to invent, produce, create, and trade. Consequently, communism is plagued by cronyism and a stagnancy, eventually succumbing to the arbitrary whim of tyrants and an almost religious zealotry toward the State, (which is in the same category as monarchies, aristocracies, oligarchies and oppressive religion as enemies of freedom)
    Therefore, we see in history dialectic. Thesis-Antitheses. The answer lies not in nuanced changes in either, but in an entirely new model outright- a Synthesis. The best, most effectively run and legitimate government is a government of Meritocracy. Cronyism, nepotism, faux-elections are all enemies of legitimate government.
    The markets consist of businesses and individuals providing goods and services that fill a need in society. When the economy itself is hijacked by money manipulators under the guise of “Free-Markets” we are being none other than psychologically manipulated by language. It is an Orwellian attempt to induce a masochistic support of this system by the 99% who suffer from it. There is nothing “free” about allowing an elite minority of selfish individuals to wield the power of the economic well being of an entire society. What do these money-managers create? What are their innovations? How have they improved society? Their only creations and innovations are craftier and craftier techniques to move money around (into their own hands). Invariably, the consequence is a systematic transfer of wealth upwards. In the most blatant example of double-speak- trickle-up economics,was labeled as “trickle-down.” The implicit feeling that something isn’t right with these people and this system is ripe in all of us. But what many of us have thus-far failed to do is diagnose the disease; all we have done is address the symptoms.
    In our collective unconscious, in our culture, we have a pernicious construct: That money in and of itself is the outright measure of success and it is directly correlated to it- the richer you are, the more successful you necessarily are. It is this ingrained culture that empowers the oligarchs and banksters of Washington and Wall St to control society. When we subscribe to the mainstream-media endorsed precept that an overpaid money-manipulator on Wall St. making $20 million is somehow more successful than a Scientist that makes a breakthrough discovery, yet earns a “modest” $150,000 a year, we subscribe to a game rigged against society for the welfare of the elite few. Let’s change our culture, let’s change our standards, let’s change our minds.
    In 2008, a dilemma was faced- and the choice was to bail out the perpetrators of the collapse under the auspices that if they were left to fail then our system as a whole would fail. Does this not indicate in a painstakingly obvious way that the system itself is doomed in due time? A truly legitimate system would never need a bailout to maintain its perpetuity. Are we going to wait for the biggest economic crash in history before we take realization to this?
    Just as the scientific revolution and philosophy of the Enlightenment broke the shambles of religious persecution and monarchic control, it is time for a similar process of discarding what doesn’t work while perpetuating and devising what does, to our governance and to our society.
    Do not merely nod your head if you agree. Write your own pamphlet. Create your own philosophical idea. Disseminate the message. Debate. Get inspired by the brave revolutionaries of past.
    The Occupy movement is completing its first phase. Now, the phase of leaders, ideas, vision, and true change will come. We will either die in oblivion, and the history of mankind will be told as a triumph of tyranny over enlightenment, or we will continue to fight teeth and nail to begin what is nothing short of a revolution. Don’t be a bystander, don’t be a follower who claims to be inspired by their heros. BE a hero yourself, inspire others, and write history.
    Let us explode with intellectual energy, a Jacobin club of the 21st century where ideas that completely overhaul the status quo take precedence in our actions and our consciousness, a second American Revolution- A second Enlightenment.
    -What is YOUR idea to eliminate the monetary system that enslaves you?
    -What is YOUR idea to disseminate the message?
    -What is YOUR idea on how we can create a new government system?
    -What is YOUR revised economic theory that espouses the betterment of humankind?
    -What is YOUR idea for a future system that has never been implemented, but represents the pinnacle of what humanity can ever achieve?

    Disseminate this message, add to it, improve it. Perfect it.
    The Movement

  • manoftruth

    gary2, you are an amazing retard

  • Joe

    THE TRUTH is that the New World Order (NWO) elites have been planning this for decades, slowly destroying America and other countries from within (they called it gradualism). Our government has been infiltrated by communists at all levels, so that the prediction of former communist Soviet Premier
    Nikita Khruschev is coming true when he said back in the 1960′s, “We will bury you from within”.

    Their end goal is a one-world government and one-world currency, completely eliminating all countries sovereignty.

    The Arab Spring as they called it showed them using infiltrators to depose dictators from Egypt, Libya and now Syria, etc. Europe will soon fall for the same reason and finally the USA will see this worldwide economic collapse hit our shores.

    This is no accident, it has all been carefully planned and executed for years. The Federal Reserve banks, which are not federal at all and cannot be audited by our government, are a big part of this plan.

    They will make things so bad within the next year or so that the public will cry out for help of any kind. That is when they will offer the “opportunity” to address this world problem and the public will jump on the bandwagon to create a one-world government, hoping to find some relief. They will only become slaves to the NWO.

    There is one thing that can prevent this but I cannot and will not discuss it publicly…just be aware of what is happening to America and PREPARE….PREPARE….PREPARE….
    You know what to do and probably already have a head start. FREEDOM WILL WIN OUT IN THE END !!!

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