July 19, 2009

I've never liked Goldman Sachs

A few days ago I found this entertaining and enlightening review of the current and former Goldman Sachs employees who have high-level advisory positions in the current administration. Granted, a few of these are holdovers from the Bush days, but not all of them.

And then today I find this: Good for Goldman, bad for America

A particularly juicy quote:
To put it bluntly, Goldman Sachs is a play on the bankrupting of America -- the more we borrow, the more they make.

What this means for all of us is that the one remaining company (beyond the Federal Reserve Bank itself) that stands to make the most profit by bankrupting America is, in fact, in charge of America debt management. This is a classic case of using foxes to guard your chickens.

This is one of the main reasons why I can confidently proclaim the current economic crisis is not even close to being over. I look at all the people from Goldman who are "advising" the president and, well, it strikes me that Goldman Sachs has managed to take over the country without firing a shot or running for office. They did not even have to stuff ballot boxes with names of dead voters. They simply manipulated the system to use taxpayer money to bankrupt the competition, then leveraged their "unparalleled success in a difficult market" into high-paying seats of power directly responsible for our national fiscal planning.

We are no longer the United States of America. We have now become a subsidiary of Goldman Sachs.