Goldman Sachs, Betting On You

We would be remiss if we did not take advantage of still another opportunity to hammer investment firm Goldman Sachs this week. A Newsweek article by Elisa Martinuzzi pretty well condenses GS’s part in the ongoing Greek Affair with regard to helping that country pretty much swindle the entire EU. If Greece’s woes are a bane to everyone in the EU, they are certainly worse for the people of Greece. The line between Lloyd “Blank Check” Blankfein and Alfred Hitchcock gets more and more blurry as time goes on.

The story of Goldman Sach’s role in Greece’s economic nightmare goes something like this. 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. In short, Goldman Sachs operates as if a street sign were knocked down, exceeding the law where it does not apparently exist – running stop signs until someone makes them pull over. As Newsweek’s author puts it; “Goldman designed an off-balance-sheet currency swap deal that delivered a windfall to the Greeks shortly after they entered the euro zone.” Goldman’s activities often remind me of something macabre out of an Alfred Hitchcock presents episode – eerie.

Goldman Sachs was even let off the hook by President Obama the other day, imagine that huh? Our illustrious number one guy had this to say; “I, like most of the American people, don’t begrudge people success or wealth.” Well, another interesting report calls to question just how “business savvy” Goldman execs are. Apparently, when Wall Street started its meltdown, which some say was partially GS’s fault in the first place, to executives at GS panicked and sold off untold millions of GS shares. Their names and transactions discovered in a public file by The New York Times’ William D. Cohan. What Cohan calls a “fire sale” by Goldman execs, is illustrative of the “money for the sake of money” mentality these people possess. If all the dirty dealings of Wall Street were brought into the light, then and only then would manipulating foreign currencies seem pitiful by comparison.

For Greece, and any number of other countries, investors like those at GS actually cause a great instability in the world’s economic markets, but maybe this is the goal? GS and others seem to always profit from instability. Hedge funds and high risk investments are by nature “unstable” – not in line with the long term. Hmm?

For the investor out there, Goldman Sachs is probably the one to follow if you have a get rich quick plan up your sleeve. There appears to be no stopping whatever they come up with to bleed economies dry. For a tip, look at what Goldman Sachs’ chief economist, John O’Neill, had to say about China’s currency the yuan. The inventor of the BRIC theory, O’Neill basically predicts an valuation of the Chinese currency at any time. Whooo! Would you be surprised to see Goldman Sachs trading a ton of this or that tied to the yuan? Not me.

All this Goldman Sachs, George Soros, bought out politician mumbo-jumbo so many are on their soap box about amounts to one thing – the growing power of the mighty to negatively effect the powerless. The whole idea of democracy (hell communism for that matter) was to protect the masses from just such machinations. But every day, every single day you breathe, these supremely powerful people impact your life in ways you cannot imagine. Think about the Greek fisherman unable to plug his way out to fish upon the Aegean because the bottom fell out. For all these bankers care he and his family could starve to death – and then they would make money off of that.

I do not have the answers mind you. Well, at least not any the mainstream would accept. The reason we do these articles is to get people to think a little bit. Maybe make some of these people take a short pause, let their boots off your throat or mine for a minute. Greece now, Spain later, the U.S.A, already done – what is next? Whatever it is, Goldman Sachs will be betting on you – win or lose. Count on it.

Meanwhile, see if you can identify the people and organizations in this photograph.

Hint - Goldman Sachs is there :)