Goldman Sachs has played a crucial role in creating every market bubble since the 1920s -- and has profited from not only the bubbles, but from the crash that followed as well, says a new expose in Rolling Stone magazine.
An article in the July 9-23 issue of the magazine, written by Matt Taibbi, lists five asset bubbles that the 140-year-old investment bank helped create -- and one that Taibbi asserts the firm is currently working to make happen.
The five bubbles the article says Goldman was central to creating are the Wall Street stock bubble in the 1920s, which led to the Great Depression; the tech-stock bubble of the late 1990s, which ended in the 2001 recession; the housing bubble of the past decade, which resulted in the current economic crisis; the oil price run-up last summer, when oil shot up to $140 a barrel, likely helping tilt the entire world into recession; and what Taibbi describes as "rigging the bailout," when Goldman Sachs' well-placed alumni inside the U.S. government engineered last fall's bank bailout in such a way that the company profited massively.
Taibbi writes that Goldman Sachs has traditionally been a late arrival to market bubbles, getting in once others have started the trend, but, once in, the company quickly ramps up the bubble, predicts its bursting, and then hedges its bets so as to make money from the bubble crash.
The article, which is not yet officially available online, adds one more bubble to the list: the "global warming bubble," or specifically, the proposed cap-and-trade legislation that would allow companies to trade pollution credits on an open market.
Taibbi's argument suggests the Wall Street bank may well want to turn climate change policy into yet another Wall Street casino game.
Because emissions caps will continually be reduced, Taibbi argues, pollution credits will constantly be growing in value, and Goldman Sachs wants in on the ground floor.
Taibbi writes: "The plan is (1) to get in on the ground floor of paradigm-shifting legislation, (2) make sure that they're the profit-making slice of that paradigm and (3) make sure the slice is -- a big slice. Goldman started pushing hard for cap-and-trade long ago, but things really ramped up last year when the firm spent $3.5 million to lobby climate issues."
On his blog, Taibbi has begun a discussion of the public reaction to his article. Some commenters have suggested that Taibbi's understanding of high finance is limited, accusing him of misreading Goldman Sachs' actions.
UPDATE:
Rolling Stone has now put the article online. Here it is.
-- Daniel Tencer
How is this news? Those of us considered "Fringe" elements who actually research and study history, not just consume what is presented on nightly news, have knows this for years. The politically involved and knowledge hounds that are demonized by Mainsteam Media have been talking about this for a long time. WAKE UP AMERICA!
And Taibbi can provide evidence to back all this up?
And even if Taibbi has the evidence, and were to take it to a court or the SEC, who really thinks that anything would be done. Goldman controls the Congress, the Treasury Department and Obama
This is why we need to reinstate the corporate death penalty. Assuming that this can be backed up, this corporation hs shown that it must be disbanded and it's assets seized. Hell, to me the gas thing from last year would have been enough, but the rest is just proof that the original rules about corporate lifespans (originally 20 years) were wise beyond our knowledge.
Break them up. Break them up now. Break them up and jail their heads. This is completely unacceptable.
matt taibbi has distinguished himself in an interview with David Ray Griffin, published on Alternet about a year ago, to be a complete moron. Why anyone would read him is beyond me. Besides, it should be obvious that this country is ruled by elite insiders, anyone who needs Matt to clarify it for them is whistling in the dark.
damned bloggers, trying to cause trouble.
"This is why we need to reinstate the corporate death penalty." ... exactly WJM.
That and election reform for publicly financed 'representatives' responsible to their electorate is the only way "we the people" and "land of the free" and all the rest of the slogans used against us by our 'betters' will ever have any real meaning.
Fuck you Joe. There are plenty more greedy, frat-brother WASP gentiles screwing America than Jews.
In one year I predict that : The world economy will still be based on the value of a barrel of oil, (demand) and you will need to use more oil this year than you used last year, (supply) in order to have any resemblance of "growth".
This is exactly right. John Kenneth Galbraith's _The Great Crash_, a history of the 1929 crash, is well worth reading in light of recent events. The similarity of the 1929 crash and the 2008/9 crash are remarkable. Chapter Four is entitled "In Goldman Sachs We Trust."
It's amazing these clowns are still in business. Won't someone put them out of our misery?
And the sun is hot. DUH!
Taibbi's take on Goldman's history seems totally accurate. And his theory on Goldman trying to inflate a "climate change" bubble using the "environmentally friendly" cap and trade system now being considered makes complete sense.
Goldman pulled off a major coup getting their boys Geithner and Summers in as leaders of the US Treasury.
Do you think cap and trade is good just because Obama touts it? I think the last 5 months demonstrate clearly that just because Obama advocates something does not mean it's a good thing. You could argue quite the contrary.
Its not just Goldman Sachs. Congressman Charles A. Lindbergh stated in his fight against the creation of the Federal Reserve Bank the following:
</b" When the President signs this act [Federal Reserve Act of 1913], the invisible government by the money power -- proven to exist by the Monetary Trust Investigation -- will be legalized. The new law will create inflation whenever the trusts want inflation. From now on, depressions will be scientifically created."
The Fed creature involved J.P. Morgan via the Rockefeller's, The Warburgs,and the Rothchilds, to name a few. David Rockefeller is a key player in all of this.
Yes Robert #6
He is a classic disinformation agent posing as a liberal.
Taibbi is a lying sack of sh*t.
Like Glen Beck and a few other clowns, their job is to fan the flames of ignorance and hatred as relates to the banking crisis, and to keep people from seeing the big picture.
For anyone trying to figure out what the hell is going on with our money supply, here is the best way to learn the basics. American history will never look the same to you again.
http://video.google.ca/videoplay?docid=-515319560256183936
The Fed is the ultimate cancer on our nation and on the world. It is corrupt and far more powerful than most people realize. That link is to a three hour video, so there is some commitment required........but how much time have you spent over the past several months listening to lying scum on corporate TV 'explain' everything to you?
PS The corporate media have always spun lies for the Fed. Do your own research and things will make much more sense. Good luck!
So when are we going into the streets with weapons? I'm tired of this talking bullshit.
Don: Goldman pulled off a major coup getting their boys Geithner and Summers in as leaders of the US Treasury.
Uh, Paulson anyone? Like, duh.
I'm glad this is making news. The more people there are that know this, the better.
That comapny should be torn into a thousand pieces and scattered to the winds. Bloodlines should be checked and all those who are descended from Goldman Sachs employees, who were involved in the previous collapses, should be barred from procreating.
Write "Letters to the Editor" and CHALLENGE the paper to do the same expose, (With Matt T.'s help), and then keep Goldman "SUCKS" until the President can fix not band-aide this, a largest THEFT.
#####CRISESES ARE DRIVEN BY FRAUD - INFORMATION#####
**Wall Street criminals exposed By Marcy K.**
kaptur.house.gov/index.php?option=com_content&task=view&id=289&Itemid=1
youtube.com/watch?v=S27yitK32ds
youtube.com/watch?v=oAADyc6t4nY
**Rep. Alan Grayson asks the FEDERAL RESERVE Inspector General where the money is gone…**
youtube.com/watch?v=PXlxBeAvsB8
HQ version: youtube.com/watch?v=cJqM2tFOxLQ
#####ACTION STEPS TO BEAT THEM#####
Bills to be supported: ‘S 604' and HR 1207 (information and SAMPLE LETTER here)
http://www.ronpaul.com/on-the-issues/audit-the-federal-reserve-hr-1207
&
campaignforliberty.com/campaigns/auditthefed.php
[S 604 IS SLEEPING!] Call your senators to support / co-sponsor this bill:
senate.gov/general/contact_information/senators_cfm.cfm
Watch the movie "The Obama Deception" for education on market crash...
http://www.youtube.com/watch?v=eAaQNACwaLw
Guide to information:
scribd.com/doc/13404412/The-Obama-Deception-Guide
Here's the Matt Taibbi interview with Dr. David Ray Griffin upthread poster Robert Forte refers to -- and anyone in doubt about what kind of journalist Taibbi is should read it:
http://www.alternet.org/story/100688/the_ultimate_9_11_%27truth%27_showdown:_david_ray_griffin_vs._matt_taibbi
...And if you're are going to read the Matt Taibbi interview with Dr. Griffin don't forget to take in the reader commentary. Here's a small sample:
Alternet poster Mister_PsyOps:
What has been established without doubt is that a 9/11 coverup -- that even Kean and Hamilton will no longer defend -- continues to be used and abused as the pretext for ongoing mass murder genocide of a thousand lies at 9/11 "war on terror" for power grabs galore.
There are so many vast holes, gaps and traps in the official 9/11 snow job nobody outside of beltway jesters like Matt Taibbi and an establishment Washington-MSM circus axis could pretend to take it seriously let alone defend it.
But denial is the most powerful drug of all.
And people would apparently rather cling to it than face up to the fact their U.S. “government” is a hollow farce in the Fascist pocket of monopoly parasite Organized Corporate Crime .
Put another way, Anglo-American “leadership” on the world stage is no shepherd but a Fascist wolf with blood money on its face. . . .
-----------------------------------------
Alternet poster Munchhausen:
I am an avid reader of Alternet but when I read Matt Taibbi's Sept. 26 article The Idiocy Behind the '9/11 Truth' Movement I was appalled by his intellectually weak yet vitriolic attack on the millions of intelligent and thoughtful Americans who have serious and highly warranted questions about the event that been the excuse behind two criminal wars (so far!) and the shredding of our Constitutional rights. Taibbi's arguments against the 9/11 truth movement are sophomoric and insulting but I'm grateful to Alternet and even to Matt for doing this feature. Let your readers hear the arguments and decide for themselves. This article with David Ray Griffin is only fair in lieu of Matt Taibbi's original insult to my intelligence and millions like me.
--------------------------------------
Alternet poster PointMan:
Talk about amateur night.
For a sign of these sad Orwellian times it's no accident people like Taibbi are picked out by corporate media to pretend to be agents for progressive justice.
He's in way, way over his head here.
Attention: JOE.
The usual reasons to hate the Jews are so contradictory that they cancel each other out. At the same time, Jews are bankers and communists. They are clannish but internationalists They love other minorities but they hate other minorities. They are not terrifically macho, but they want to date your sister.
In other words, Jew haters don't need a reason. They just hate. And they're usually fairly inferior examples of humankind themselves.
Like you, Joe.
P.S. Paulson and Geithner are not Jewish. Neither was Mark Sanford when he worked there.
Banking organizations are certainly the biggest reason(s) why Jews are hated worldwide. It is their practice of usury. What will Obama do about these criminals and their criminal practice of usury? Nothing! He'll give them more money!
Ahem. People the only reason why these wall street losers are able to keep up their artificial economy is because the federal reserve- provides them with all the money to keep their ponzi-scheme going. We can get rid of this whole system by getting rid of the federal reserve and then limiting/eliminating their power to create something out of nothing. This article is disinformation! It only focuses on one bank- and it doesn't talk about how the federal reserve controls interest rates, floods the markets with various bills, or, how the federal reserve manipulates the markets and is what I believe the cause of all of the various crashes we have had. It doesn't talk about how the federal reserve lies about our money supply... come on people wake up! These bankers, this whole wall street system, this whole corrupt scheme really isn't a free market ideal. It's really a socialistic ideal based on central planning via the federal reserve!
I haven't read the article yet but there seems to be one MAJOR error with this description. The "only" institution that "actually has the power" to create a bubble and also to burst it is "the Federal Reserve Bank". No doubt they have Goldman Sachs's interests in mind in their actions as well as other "too big to fail" banks but the Fed is the instrument the banks use to create these bubbles.
I should add that puting all the blame at Goldman Sachs, no doubt they are partly responsible, Matt Taibbi is deflecting the real culprits which is the Federal Reserve. That's like saying Bush is responsible for the Iraq war by himself and there's no need to look at Cheney or Rumsfled or the other war criminals for blame.
kurt thanks for the link. I haven't seen that interview before. Very enlightening article concerning the character of Matt Taibbi.
The Fed is to blame. Please wake up to the horror that is the Federal Reserve.
doctim11:
Behind Gentile fronts, look for jewish control.
Matt Taibbi draws attention to one fact few know: global warming was created by Enron for financial gain. Enron created The Kyoto Protocol in order to benefit financially. Enron made so much money on the sulphur dioxide cap-and-trade in the late 1980s that it looked around for the next thing to profit from. Carbon dioxide was the next greatest financial windfall. Problem was CO2 was not illegal -- in fact, we and plants need CO2 to create oxygen for the planet in order to live -- so it had to make it bad. It enlisted Al Gore at the beginning of the Clinton admin, who has consistently refused to look at the data that calls it into question, and fought hard for the Kyoto agenda. Few knew what was going on, or know now.
Kudos to Matt Taibbi for exposing this. Goldman Sachs has figured out how to profit from the air we breathe....and we stupidly are allowing it because we dont understand what is going on.
Here are some links if you’re too lazy to google for all this.
Enron Sought Global Warming Regulation, Not Free Markets
http://cei.org/gencon/019,02898.cfm
Cap And Trade: A System Made For Fraudsters
http://cei.org/gencon/019,05895.cfm
Cap and trade an Enron inspired scam?
http://amazngdrx.blogharbor.com/blog/_archives/2008/7/28/3813598.html
Investigate Oct 05, The Kyoto Conspiracy, How Enron hyped global warming for profit (the best of the bunch here to explain the issue)
http://www.investigatemagazine.com/archives/2006/03/investigate_oct_5.html
Its been 20 years since I last read it but did Rolling Stone create a business section? The old rules...Playboy / Penthouse for the pictures, National Enquirer for staged events like a faked Michael Jackson funeral publicity stunt, NY Times for last weeks Washington opera but Roling Stone???
Watch out Matt, remember what they did to Spitzer.
Taibbi is off target. The real culprit is not GS, it's the Fed. However, the same "element" that controls GS and the financial world controls the Fed.
[...] Raw Story [...]
One thing that Goldman doesn't control is the renting of Ryder trucks....
"Taibbi's argument suggests the Wall Street bank may well want to turn climate change policy into yet another Wall Street casino game.
Because emissions caps will continually be reduced, Taibbi argues, pollution credits will constantly be growing in value, and Goldman Sachs wants in on the ground floor."
Correct. These things will have a very real monetary value. The system will be gamed and these credits will be counterfeited. Middle men will make a fortune on the buying and selling of these credits.
This is why a simple carbon tax is DOA, but "Cap & Trade" has found wide spread support among people and industries you wouldn't ordinarily expect.
"The real culprit is not GS, it's the Fed. However, the same "element" that controls GS and the financial world controls the Fed."
Gs has undue influence and is a recruiting ground for the Federal Reserve. Collectively, they are the problem.
Goldman Sachs is one of the top leaders of the Feds and have been since the Fed was brought to order - new world order that is - it failed in the early 1900s, this is another attempt. Enjoy being slaves yet, I don't.... We need to show up at these guys homes (or at least one of their many mansions around the world) and set these guys on fire. Watch that money burn! I was an unwitting slave to the Warburg's until I found out what was going on and left. Cause the bubble - make money - break the bubble - people suffer, and then they can buy properties and stocks at a fraction of the cost and still make out better because the American workers will work to get it back up to where it was - win-win for GS and the likes. Lose-lose for us.
who do you all think owns goldman sachs
THE FUCKING ROTHSCHILDS THATS WHO we have to do something about these motherfuckers there killing us
glad to see alot of people are waking up
like the putin in russia has he kicked out all those jew bankers bloodsuckers now there call him anti democratic lol
pete dooly look what there did to JFK when he started printing united states notes executive order 11110 signed in june 1963 5 months later blew his head of
these same rothschils tried to kill president andrew jackson in the 1836 there killed lincoln for printing lincoln green backs, had congress man MC fadden poisened 3 times 3rd time killed him look it up
these folks play for keeps these banksters are diobalical sycopaths
Look, lets get real here. Americans have trusted their government for decades to do the right thing while they go about their daily lives. In the process, groups of interested individuals have found ways to infiltrate the government and never leave.
They get elected to office, then slide into a comfortable position win Goldman, or some other firm that is very tight with the feds. This allows them to remain on the gravy train and affect policy as well.
Americans are asleep at the wheel. They believe ABC, NBC, CBS, and CNN. They don't realize that somewhere along the way, their government was taken over by a white collar gang.
Keep in mind, I am ultra pro business and strongly supportive of limited government. Even in the past 3 decades, neither liberalism, nor conservatism has done a thing to stop this take-over.
All this proves is that we need DECENT human beings in GOVERNMENT making REGULATIONS that BLOCK these companies from doing this.
You can't blame a rabid dog for biting you, but you can put it in a cage or shoot it in the head.
That GS basically buys legislation that it can then use to make PROFITS is the ROOT of the problem (which, as some have noted, is the SAME problem we have with the PRIVATELY OWNED Federal Reserve Bank).
Corrupted business types buy corrupted politicians and abuse us. It started full tilt [again] under RayGun, it seems... though, we've never been without an ample supply of crooked bosses. But defunding education and passing laws that let companies abuse us more easily HELPS THEM ABUSE US.
There is ONE major thing EVERYONE here needs to get through their heads. REPUBLICANS are PRO-BUSINESS, which means they are ANTI-HUMANS.. what's good for business is NOT good for the average Joe, period!
If you want to "fix things", you must start voting WAY left (much more left than the current crop of corporate Democrats). Think of it as we're on a coach flying at full speed to the right, where a giant cliff is.. and the only way to avoid death is to pull HARD on the reigns in the opposite direction to get the horses to stop.
And, FYI.. you can be right on most things and still be wrong on something else.. that doesn't make you an "idiot" or "moron", it makes you mistaken. If Taibbi is on the "wrong side" of the "Sept. 11, 2001 truth movement", it doesn't make him a moron, it makes him someone that is afflicted with a psychological trauma that he isn't going to get over without support, without help.. and he might never get over it until the TRUTH is _already_ out (even then, you'll have people so entrenched with cognitive dissonance that they will never believe their lying eyes).
The banks have been behind EVERY boom/bust we've had, and the "big banks" have always eventually profited MASSIVELY from them. This is not news (to those of us paying attention, as noted in post 2)
The take away here is, humans must use logic and reason and apply rules and regulations on our fabricated systems. Money and business are fabricated systems, and we have an obligation to control them.
Oh, and just because "cap and trade" is a scam does NOT mean climate disruption is.. it means the "bad people" have found a way to trick the public into letting them make more money; a new way to abuse us.
hard caps and regulation are required to fix climate disruption, there is NO WAY to make money from it, so any time you see someone finding ways to "get rich by helping fix it", they are likely lying to you and trying to scam you.
There is a revolving door between Wall Street firms like Goldman Sachs, The US Treasury and the privately owned Federal Reserve. They are a team. To say that Goldman Sachs alone is the culprit is a LIMITED HANGOUT. The Fed is the main problem, enabled by the Treasury to issue fiat currency at their will and Goldman Sachs et al are in the loop as the insiders who trade on the actions of the Fed which they likely learn in advance. It is a truly rigged game that has been fucking Americans since 1913. There are a whole lot of greedy scum bags in this game and they come up winners every time.
ay why is it only fox news that is talking about the federal reserve not MSnbc mind u i dont like fox at all but i like what there doing even the murdoch owned ny post is writing about the goldman sachs where are the damm liberal blogs at on this topic
No Savanster, Pulling on the reins isn't the only, or the most sure way to stop run away horses. The surest and most certain way is to simply shoot the horses. That way you know for sure that team will never run away again.
The "jew" comment is uncalled for and stupid!
This is a good article, and could also include Morgan Stanley, and JPM Morgan.
The bottom line is, this is more than insider trading, it is complete manipulation of both government and the markets in a way that these firms can't be wrong on there investments. It's cook ahead of time!
[...] Rolling Stone expose: Goldman Sachs behind every market crash since 1920s By codheadiom Goldman Sachs has played a crucial role in creating every market bubble since the 1920s — and has ... [...]
Taibbi is totally full of shit about 9/11. He doesn't comprehend the data as many non-scientific people do not.
But I think he's spot on with his critique of Goldman. And I don't know why people are thinking that he is somehow supportive of the Fed. Maybe he's written other articles that state that, but this article didn't even come close.
No shit the Fed is the major problem. And Goldman is a big part of the Fed. The Fed is controlled by a tight inner circle of the Plutocracy that runs this place.
These people are basically the "house" at their own casino. They make their own luck.
Wall Street
Art students
9/11 snow job
Chicken hawks
Moving company
Propaganda media
DNC stealth neocons
Anti-semitism accusers
The chosen the superior
2-3% of the US population
Extortion blackmail bribery
By deception ye shall wage war
AIPAC's Israel-first dual-nationals
For profit NotFederal NoReserve scam
Words are plentiful deeds are precious!
[...] Cashing In on Climate Change [...]
They say that knowing is only half the battle.
Should Goldman Sachs be investigated?
http://www.youpolls.com/details.asp?pid=5657
.
But, natty, shooting the horses also means not moving the coach anymore. Not a good idea, right? You don't have to blow something up to change it, you CAN do it in non destructive ways. That's why we have these big brains, so we can ponder various ways to do things.
But, technically, you're right.. it's not the "only" way.. I should have said the only "reasonable" way
I watched Matt Taibbi when he was working for a local news outlet in NYC and I respect his observations. Reading between the lines, the relationship between government and the corporate world has become far too cozy/corrupt/committed.
Proof positive to me was when the stimulus package for the financial companies was hastily signed. No overview, no time for that we were told.
No names of those responsible were ever raked over the coals by the press, the public. And if they were, ask anyone on the street if they knew who the players were at Merrill Lynch, Goldman Sachs, Lehman Brothers, Countrywide, etc.
We got to pay the tab, but I like knowing who owes me a blow job for dinner.
Actually, it's the Federal Reserve that causes it.
Every president who's been assassinated was assassinated because they opposed a central banking scheme. Who'da guessed it, bankers have money.
Two of the assassins escaped back to England. The other two were executed before they could stand trial, releasing what they knew of their co-conspirators. (Booth, Oswald)
Fractional reserve = Loaning out money you can't back up.
The argument for passing the federal reserve back in after the Great Depression was that it would prevent recessions, depressions.
Bankers getting richer. Look how our own government just willed like 872 BILLION dollars into the economy. THAT should have caused massive inflation, yet it didn't.
Of course there are plenty of bad people in high places who are not Jewish, but given the small proportion of Jews in the population overall, the "Chosen People" are well represented, very well-represented, in the banking elites.
And while Goldman Sachs was, like most of the other big investment houses, founded largely by Jews, the Bad Guys of the Bad Guys, the war- and disaster-fomenting string-pulling occultist scumbags par excellence are of course the Rothschilds.
Who d'ya think issues the orders, discreetly and through intermediaries of course, to Bernanke and to Obama? Who fricking was behind the creation of the Federal Reserve? Who has had a hand in just about every depression, recession, and major war over the past couple of centuries?
Either we rout out this "den of vipers," as Andrew Jackson rightly called them, SOON, as in THIS MONTH OR NEXT MONTH, or there will be nothing left of the American middle class. The "New World Order" is the international bankers and the Freemasons and those that they control. Yeah, yammer about how I'm a conspiracy theorist and an anti-Semite . . . and keep yammering all the way to the soup line. It's them or us, and it's not looking too good for "us."
#3, Hmmmm - Evidence?
Yeah, THE EVIDENCE IS ALL AROUND YOU!!!
You're swimming in a failed economy built on lies and pump & dumps with Goldman, Sachs square in the center of it all.
i agree with you Richard waid we have to start going after these crooks like vladimir putin in russia has he killed one of the rothschild agents with plutonium to make a point that he is not fucking around with them and to stay the fuck out of russia
\the russian have been fighting these crooks since the czars i think that is why stalin had all the purges
to make my point in 1863 czar nicholas sent war ships to nyc and san francisco during the civil war to stop the british and french from invading the united states on the side of the confederates
Let's not beat around the bush about who's responsible for all of these massive swindles. it is NOT 'Goldman Sachs' that is behind this. It is the JEWS that are behind Goldman Sachs.
There is only ONE solution to this problem and that solution is EXTERMINATION. It's time to round them up again, but this time the deathcamps should be REAL.
Matt Taibbi has not been great to 911 truth (he should re-investigate and consider the new evidence of NANOTHERMITE found in the dust...everyone should) but it is interesting how Goldman got rid of Lehman, their competitor. This is their weakness in stating that none of this is true. It's the smoking gun.
This seems like classic media manipulation. This puts the focus on Goldman sachs as the bad guy. Clearly, some of the people involved with the criminal activities that cause our economic downfall, are involved with Goldman. But its way too simple to point fingers at a single corporation. its a conglomeration of soulless and greedy men who can never get enough of our money.
ay mengle lets not get carried away man easy with the death camp shit we dont have to go there man i am just as angry as you are all that need to happen is to put a few of those crooks in jail for long time there get the message
it would be nice to also run a story on the fact that Obama was born in Kenya and he is using $1M to legally squash any group from surfacing his birth certificate- because he has no genuine US BC. Shadow banks, shadow President. I take it people wise enough to consider this story might have watched Zeitgeist by now? It tells the truth about the entire FED RESERVE. We are all sheep.
http://www.zeitgeistmovie.com/
YOU KNOW WHAT'S WEIRD? Ever since actual EVIDENCE about Nanothermite in the WTC explosions all across Manhattan was discovered and can be tested by anyone willing, no one talks about 911 anymore. It's like it was a great conspiracy theory....fun to speculate on but a bad reality. Yet American's do nothing. No Media. Alex Jones scarcely mentions it...maybe cause he didn't discover it. Nothing. Nada. Even Raw seems scrubbed of any reference to it, like a mutual decision. We just won't mention it. Strange. Yet all of it is related. The economy. The wars. The trashing of our civil liberties. The ongoing corruption. Can we really AFFORD to ignore it?
It's always fun to see what matters to Americans the most, money.
To: Panskeptic, Richard & Joe:
My husband is Jewish. He's an artist and a wonderful, generous caring man. Many of my friends are Jewish - and they don't control the world.
Perhaps you should actually meet and become friends with one. You may be surprised at how wonderful they are, how ignorant you are, and how nasty it is to spread hate toward an entire group of people (MOST of whom are innocent of the charges.)
Don't blame Jews for everything. There were more than plenty of WASPs who participated in plundering the country. In fact, a substantial majority of the plunderers throughout American history were good old White Anglo-Saxon Protestants.
So, get off the Jew hating propaganda.
Hey Joe,
Maybe that's why schmoe rhymns with Joe. And maybe you're just a fool, which rhymns with tool, which is what Joe the Plummer uses (metaphorically speaking) to plunge toilets stuffed with what occupies the space between your ears.
"There is only ONE solution to this problem and that solution is EXTERMINATION."
What? Like in Gaza?
>So, get off the Jew hating propaganda.
Hey, Fuck you.
Zionist Jews are nothing but racist, murderous filth. Who needs propaganda? They'll admit it themselves.
By their own definition, they're the original Master Race. In fact, and in many ways, they make Hitler look like a rank amateur by way of comparison.
So perhaps you should drop your completely undeserved, self righteous indignation instead?
The entire world isn't as blind and stupid as you seem to believe.
Actually Joe is right on the money, please pardon the pun. And he's not a racist for saying the truth. It's actually the opposite, anyone who can look you in the eyes and say that our economic problems are not the result of a majority of jews is either jewish or a racist.
all i want to know is do you have to be jewish to be chaiman of goldman sachs or federal reserve bank can someone please answer that question
ay the truth is the truth sorry
Good job Taibi. Now if you could get a clue about 911 being an inside job maybe you could report with some real insight of the bigger picture.
[...] RawStory.com [...]
Gotta ask,
How much $$ does the Bush/Cheney clan and the Carlyle Group have invested in Goldman?
You are all fucking slaves and you are just waking up and thinking but it's toooooooo late morons
comment 77 F*#k the Banksters -
Not only do you have to be Jewish but you also have to have a germanic surname!
Seig f*#kin Heil!!!!
Robert Forte - you must not read well, or at all, because Matt Taibbi has been providing some of the most incisive, accurate and informative journalism for the past several years.
One question: Robert Forte - is that a pseudonym for Fred Hiatt?
Wow you all make me want to puke! Talk Talk & more talk. Do these forums actually make a difference? Have your words been listened to? I think not "sheeple' So, BOHICA (bend over here it comes again) all politicians, bankers, jews, and news agenices are fucking leeches & vultures
All the lather about Taibbi somehow neglecting to put the Fed in the middle of this catastrophe fails to mention / understand that he does, in fact, repeatedly point out that many of the key players at the Fed are former GS alumni. Just exactly how much more plain does he have to make it? I mean...this ain't exactly brain surgery.
[...] http://rawstory.com/blog/2009/07/rolling-stone-expose-goldman-sachs-behind-every-market-crash-since-... [...]
Goldman Sachs = SCREWING THE WORLD
OUT OF ITS MONEY --WHILE YOU SLEEP...
that's opportunism.
A great American Tradition: TAKE THE MONEY & RUN.
To answer Hmmm's statement read Assistant Professor of Political Economy at the University of Washington's book of 2005 titled 'Conjuring Hitler : How Britain and America Made The Third Reich'. All of his footnotes will answer your question of can you back up with evidence that Goldman Sachs was in involved with manipulating the financial markets.
[...] July 3, 2009 Source: Raw Story [...]
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popurls.com // popular today...
story has entered the popular today section on popurls.com...
FIRST: who believe in a gossip magazine like Rolling Stones?
SECOND: If that was the case everyone would be buying their papers.
THIRD: If they do so good why they still not reached the U$150 mark?
It's a paid article by them dumm people.
jewish banks profiting off of human misery, i dont believe it!
dont you guys remember the holocuast? the jews have the
eternal victim game down perfect, they steal land from palestinians
and money from everyone and they are just defending themselves.
next thing you know rolling stone is going to start picking on poor
ol larry silverstein who bought the towers months before the
controlled demolition (oooops) i meant before the planes crashed
into them. lucky larry insured them up the ying yang with terrorism
insurance that turned a 14 million dollar investment into a cool 7 billion.
DONT WORRY FOLKS, even though this country is smack dab in the
middle of the 2nd depression we continue to finance israHELLs
evil military........................................FUCK ISRAEL!
I've seen snippets of it, looks like a great article. Thanks for the link to the author's blog ... should be an interesting discussion there.
What most people are too stupid or scared to realize is that YOUR GOVERNMENT DOES NOT CARE ABOUT YOU!
9/11, Pearl Harbor, Gulf of Tonkin, Reichstag Fire, Lusitania....all of these events were false-flag operations engineered to drum up public support for illegal wars, and to rob Americans of the few civil liberties we have left.
If you can't believe that our own government is capable of the attacks, you are probably a religious person...blindly accepting stories no matter how absurd, just to avoid having to question the status-quo.
The Global Elite (Rockefellers, Rothchilds, Council on Foreign Relations, Tri-lateral Commission, etc...) have a plan...and that plan is a one-world government.
This one-world government will enslave the underprivileged, rape and plunder the earth of its natural resources, and ultimately lead to the destruction of freedom as we know it.
If you don't know who Alex Jones is-- visit his website http://www.infowars.com - he may be the only true patriotic journalist left... he has been saying this for years but has been labeled an 'extremist' or 'radical'.... of course the MSM will label someone trying to expose them as a lunatic....but the truth is out there. There's a war out for your mind, and most Americans will gladly give up their freedoms for an illusion of security... as long as you have your iPods, America Idol, fast food, The Hills, MTV, and other mindless entertainment, the populace is happy.
America LITERALLY meets the definition of a Fascist state now....corporations being bailed out / seized by the government. Lobbyists / corporations drafting legislation, giving it to lawmakers, and getting it passed. It's only a matter of time before we have a 'Gestapo' of our own in America. WAKE UP PEOPLE. FREEDOM IS A CHOICE NOW...NOT A RIGHT.
All tyranny needs to gain a foothold is for people of good conscience to remain silent - Thomas Jefferson
[...] the bubbles, but from the crash that followed as well, says a new expose in Rolling Stone magazine. full story Share and [...]
I can't wait to read this article.
End the Federal Reserve! Restore the constitution!
we have to stop looking at the pawns and rooks and start looking at the king which is the ROTHSCHILD BANK OF LONDON there own goldman sachs
if u want to kill a snake cut of its head THE ROTHSCHILDS
Hitler knew this, and thats why he hastly and feverishly gassed and burned the JEWS !!!
Think of how easy any company could profit from a cap and trade market...the prices are based on supply and demand...how easy is it to spew enormous amounts of carbon emissions into the atmosphere? This thing will be like a gold mine to those diabolical enough to capitalize on it. Americans will be left with the expenses, passed onto us by emission producing companies on the bad end of this deal. On the bright side, this will provide incentive not to produce carbon emissions into the atmosphere.
It has long struck me as strange that the public permits Wall Street "advisors" to steer the fate of company's stock with their "advice". They not only make a profit on the investment side in the form of comissions, they make a profit when the stock moves in the direction they wanted it to in the first place through their own investments. Wake up America! You're losing the game of life when you do exactly what these sharks planned for you to do in the first place!!!
The question to ask, in all this is 'cui bono' or 'to whose benefit'
The Fed may create the bubbles but since GS seems to be the main beneficiary they are to be the most suspect. Matt’s article does an excellent job pointing out how GS benefited and how they wielded their undue influence to achieve it.
[...] Taibbi gets my nomination for Most Ballsy Newsie of the year with his Rolling Stone exposé of Goldman-Sachs; the money game is a killer deserving of lethal injection. The last article in [...]
It' time to call Goldman Sachs what they are -Terrorists. Maybe it's time the rest of the world declares them a terrorist threat to their own economies and declares war on them and calls on the USA to stop harboring the terrorists.
The consumer financial market has been tapped out and left in ruins - time for the financial elite to move on to greener pastures.
Read our book all about this:
http://www.scribd.com/doc/16864582/The-Great-Recession-Conspiracy
When reading these comments I get the impression that Americans believe their government is going to do something to control the 'problem'. Please realise that YOU are the 'problem. As a populace, you are not powerful enough to make the requisite 'fixes', and you are not strong enough as a group tobe able to make any change. Your attitudes, thoughts, emotions, and choices are controlled by a main steam media that is owned by the very people who control Goldman Sachs and the other vultures who would feed upon you from the cradle to the grave. You pay homage every day by continuing to buy gasoline and other commodities at prices 'fixed' by a 'futures market' controlled by the very same people. You vote for candidates on both sides who have been vetted and approved by the same 'controlling interests'. You are sheeple, being fed poisonous additives like fluoride, aspartime, and alloxin - designed into your foods and added to your water for the very purpose of creating a sick and pliant populace that will work unerringly to enrich those who already enslave you. You believe your leaders are honest and work in your best interests, when the exact opposite is clearly visible by anyone looking at past and current history. Your children are forfeit to wars and famines created for the benefit of those who would enslave you and a foreign nation that is not your friend. Your pitiful bellyaching is laughable. You allowed the one honest and viable candidate for freedom who could have saved you by formenting and consolidating revolution against the chains that bind you to be trashed and marginalised by the main stream media that control your thoughts and actions. You were arguing 'partaisanship' that does not exist.
'Helicopter Ben' Bernanke openly admitted that the Federal Reserve Bank created 'The Great Depression' for the enrichment of its shareholders. Today's depression is no different. The only winners in this 'game' are Goldman Sachs' shareholders and management (past and present) who you have allowed to openly spend your treasure and the future of your great country for their own enrichment.
Sounds like a bunch of anti-semetic B.S. to me. Goldman simply is not that big. And AIG is connected to Goldman how?
1ST) STOP JEW BASHING AND FOCUS ON THE CRIMINALS (ALL OF THEM).
2ND) STOP CODLING WHITE COLLAR CRIMINALS AND START IMPOSING DEATH PENALTIES FOR FRAUD RESULTING IN, MANY TIMES, HUNDREDS OF AMERICANS RETIREMENTS -- IF NOT DEATH PENALTY THEN TAKE BACK EVERY LAST PENNY THESE SUCKERS HAVE EVER SAVED OR GIVEN AWAY TO THEIR "INNOCENT" RELATIVES -- THIS WILL TEACH THOSE MF'S TO BEHAVE.
3RD) STOP GIVING A YEARLY 4 BILLION DOLLAR HANDOUT TO A NUCLEAR ARMED TERRORIST BULLY, AKA ISRAEL.
the federal reserve runs the governments....goldman owns a part of the fed
This is good business sense. Good for them. They may speed up the process but they didn't cause it. That would be the government which you will say is controlled by Goldman and I would say by voters who want this they vote for it every time.
[...] Source:http://rawstory.com/blog/2009/07/rolling-stone-expose-goldman-sachs-behind-every-market-crash-since-... [...]
[...] asset prices were going up -- by hedging their bets, they made money on the way down, too.Source:http://rawstory.com/blog/2009/07/rolling-stone-expose-goldman-sachs-behind-every-market-crash-since-... Publicado por Aaron en [...]
[...] asset prices were going up -- by hedging their bets, they made money on the way down, too.Source:http://rawstory.com/blog/2009/07/rolling-stone-expose-goldman-sachs-behind-every-market-crash-since-... Posted by Andy B at [...]
[...] Source:http://rawstory.com/blog/2009/07/rolling-stone-expose-goldman-sachs-behind-every-market-crash-since-... [...]
After reading all the posts, I can see why there is a Jewish country. It's because of lowlife scum such as Richard Waid, Jhoffa_, Easterling and others. Ignorant idiots who made blaming other people for their misfortune an art.
Instead of looking in the mirror, they will blame the Jews/government/black people/their neighbors. How comfortable ah? That way you can always feel good about yourself.
There are racists and extrimists in any country, but they are being treated properly. I feel so sad that in the United States your number has grown so much. But I hope all of you scumbags will get what you deserve -jail, or if it was my call -6 feet under.
Read Israeli Guy's comment.
He's got a point.
To the hate filled Isralie: I'm sorry you want Americans dead. We are your only supporters on this earth, but if you want us dead, maybe we should stop risking our lives for you and sending over the support we give you.
I am 100 percent supportive of Israel and its right to exist. I love Israel, but if we Americans are hated by you and your country, we didn't realize.\\\
[...] behind every market crash since 1920s Posted on July 6, 2009 by Boulderdash Daniel Tencer Raw Story Thursday, July 2, [...]
It's run by a bunch of Jews, what do you expect!
gathers no moss
Yes, the Federal Reserve, by law, it's stock is owned by commercial banks which are Fed members.
The Fed does not answer to Congress, nor the President. I did not believe that until I heard Greenspan --- incidentally, he's a hero of Conservatives and Libertarians for his pro Ayn Rand cheerleading ---- tell Jim Lehrer (or another news guy) that the Fed has no relationship with the President or Congress. YouTube that.
GS was an Investment bank, not a Fed member, but it's definition was changed to let it retroactively become a commercial bank and Fed member, to benefit from Fed and FDIC bailouts.
Whereas the FedGov has kicked in a couple trillion so far, the Fed has silently kicked in at least 15 trillion by buying toxic mortgage securities in it's "Open Market Operations", per several Bloomberg articles.
"AIG is connected to Goldman how?" That was in the news. FedGov Bailouts to AIG went straight to Goldman to restore them 100% at the time when autoworkers and retirees were asked to accept reductions. AIG "insured" Goldman's securities and made them valuable to trade, but AIG had no capital underlying Credit Default Swaps (insurance) it wrote. AIG opened up in London to avoid US regulators.
Some persons and-or corporations own Goldman stock. Who? Does the Rothschild family actually own a majority or even a controlling minority of Goldman stock? Or is that just a couple Jewish names. As for Citigroup stock, 10% or so is owned by Saudis. But I think Bush or Kissinger leaned on them to buy that stock.
Anyhow, it's kinda weird, kinda fun, kinda scary to be sitting here as a penniless broke-ass Jew and 9-11 exposer and neo-con hater and anti-Zionist (freegaza.org) reading about my upcoming extermination by well-meaning paranoid yee-haws. Here's a toast to you and a wish that this stays on blogs where it belongs. I hope I don't need to fend you guys off like some zombie horde. I also know some unselfish half-Ir-Cath and half-Jewish kids who really dig Sponge Bob and don't deserve to be exterminated for one of their parents bloodlines aka ancestry. [roll eyes]
[...] Us for 90 Years | | AlterNet Raw Story
[...] Goldman Sachs has played a crucial role in creating every market bubble since the 1920s — and ... [...]
Decimal Place Trading caused the recession of 2008
This recession was caused by the manipulation of stock prices on Wall Street through naked short-selling, flash trading, high-frequency trading, secret software, super-fast computers and what I feel was the main cause of this corruption: “Decimal Place Trading.” As I write this article today, much of this corruption is now slowly coming out through social media outlets such as Twitter and Facebook, along with bloggers on the internet, Yahoo bulletin boards, and the movie Stock Shock. The news media is also to blame for what has taken place in this country -- including the near-collapse of Wall Street and the banking industry.
There are many things to point fingers at or place the blame on, and I can think of a few off-hand that I would like to cover -- the first being Wall Street’s regulation changes. I am no expert -- I am not even a writer -- but decided to tell this story since the business news media was not telling it. These Wall Street regulation changes contributed to the aforementioned problems in many ways, with the first being the removal of fractions in stock pricing. On January 29, 2001, the New York Stock Exchange, or NYSE, went to four-decimal-place trading. On March 12, 2001, the National Association of Securities Dealers Automated Quotation, or NASDAQ, followed suit. This new rule had the best of intentions as we headed toward the computer and digital world, but over time it was manipulated and companies like Goldman Sachs figured out how to take advantage of the new system. I am not sure how it happened, whether it was lobbied for years or what -- but along came the biggest mistake of all with the elimination of the uptick rule in July of 2007. This rule had been implemented after the great depression, and had been in place since 1938. How could the Securities and Exchange Commission, or SEC, abolish a rule that had been in place for close to 70 years, and had worked? Put these two changes together, and you get a simple equation: greed plus corruption equals recession.
Reports have been released on the web that Goldman Sachs made over 100 million dollars per day in 46 out of 64 trading days in Fiscal Year 2009, second quarter (April, May and June). Let me say that again. They made over 100 million dollars per day, and are still doing it as I write this letter today. But the question remains, how did they do it? There has been no report of this by any of the news media. How can this be? This corruption is 100 times the gravity of the Bernie Madoff story, and yet there has been no coverage by CNBC or Bloomberg News. Why? Goldman Sachs, upon Wall Street transitioning to fractions and the abolishment of the uptick rule, designed secret software and used this software to gain an advantage on every potential investor. Basically, Goldman Sachs became a Las Vegas poker dealer in New York City on Wall Street, turning profits on investors every trade with their super-fast computers and software.
Richard Keane August 26th, 2009 Revised version
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