"Goldman Sachs. The Vampire Squid".
What is Goldman Sachs? The Goldman Sachs Group, Inc. is a global investment banking and securities firm which engages in investment banking, securities services, investment management and other financial services primarily with institutional clients. Goldman Sachs also provides mergers and acquisitions advice, underwriting services, asset management, and securities services to its clients, which include corporations, governments and high net worth individuals around the world. Did you notice the word "Governments' in that last statement?
Bear in mind, the institution is but one of hundreds of financial banks around the world. And this banking group (Goldman Sachs) has more than eight tentacles. It does dealing with every major finance corporation on this planet. The investment firm through a series cleverly orchestrate "packages" and scrupulous interwoven mazes has been able to make billions in profits and bonuses all the while helping to collapse or bankrupt financial institutions, markets and even countries. Yes. Countries. It was announced today, (April 16, 2010), that Goldman Sachs is being accused by the SEC (Security Exchange Commission) in the United States for securities fraud.
The current world's financial bubble has only just started to implode. And you thought the financial crisis was almost over? Think again. The tip of the iceberg has only been exposed. Like all great enterprises that excel in making money and profit, they become a vortex similar to a "black Hole". They can't stop all of which predicts their demise. And Goldman Sachs is just the first of these mega-banking institutions to eventually collapse and destroy another million or so investors. Let's take a look at what Goldman Sachs has done behind closed doors.
The investment firm basically hid Greece’s actual situation in a series of complicated currency transaction, which though they were legal at the time, still call to question the firm’s scruples if not honesty period. All this goes back to the late 1990's. (And before I forget, Mr. Henry "Hank" Paulson now serving as President Obama's United States Secretary of the Treasury was Goldman Sachs CEO from 1999 to 2006. Paulson's compensation package, according to reports, was US $37 million in 2005, and US $16.4 million projected for 2006. His net worth has been estimated at over US $700 million.) Back to Greece's problems. Goldman designed an off-balance-sheet currency swap deal that delivered a windfall to the Greeks shortly after they entered the euro zone. I think this is the goal of major banking institutions. To cause a great instability in the world’s economic markets. For Greece, and any number of other countries, investors like those at Goldman Sachs, are manipulative leeches.
I'm quoting Phil Butler: " The growing power of the mighty to negatively effect the powerless. The whole idea of democracy was to protect the masses from just such machinations. But every day, these supremely powerful people (Goldman Sachs etc. et. al.)impact your life in ways you cannot imagine. For all these bankers care (you and I and our family) could starve to death – and then they would make money off of that."
I'm not going to go into specifics here, but just to let you know who was in power in Italy in 2007. Have you guessed? You're not even close. Prime Minister Romano Prodi is an ex-Goldman Sachs man, as were the central bank president, Mario Draghi, and the deputy treasury chief, Massimo Tononi. Huh???? It's 2010 and why do you think Italy is in a financial crisis? Correct. Now you are getting the picture. The price paid for having so many friends in court is that the elite bank inevitably becomes entangled in the financial scandals that so often swirl around the Italian political class. According to Ambrose Evans-Pritchard, I quote: "Prosecutors in Bolzano, in Northern Italy, claim to have unearthed a Siemens payment of 10 million Deutsche Marks to a Goldman Sachs account in Frankfurt in July 1997. From there it ricocheted around the world, going to London and Tokyo before returning to Germany in yen." This was a legitimate transaction according to Goldman Sachs. Yah, right. Wall Street tactics are akin to the ones that fostered sub prime mortgages in America and have worsen the financial crisis shaking Greece and undermining the euro by enabling European governments to hide their mounting debts. As worries over Greece rattle world markets, records and interviews show that with Wall Street’s help, the nation engaged in a decade-long effort to skirt European debt limits. One deal created by Goldman Sachs helped obscure billions in debt from the budget overseers in Brussels. Now Belgium is in serious trouble. What will be the next country to fail?
As I wrote previously, the world financial bubble is gradually getting smaller. And when it gets small enough, it will become what will be termed the "Second Big Bang". Thank you Goldman Sachs, J.P. Morgan, Citibank, A.I.G., Wells Fargo for allowing the human race to eventually witness the creation of the universe and "right here on earth."