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199 Comments
- CommonSense2k8, on 07/02/2009, -7/+114Yep, sounds about right.
- Deausx, on 07/03/2009, -3/+104The actual article instead of the rawstory blog post.
http://www.rollingstone.com/politics/story/2881632 ...
He's calling it now folks. Carbon-credits are the next big financial bubble that Goldman Sachs is going to use to ***** over the people of the world for a new money hole.
"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."
"The new carbon-credit market is a virtual repeat of the commodities-market casino that's been kind to Goldman, except it has one delicious new wrinkle: If the plan goes forward as expected, the rise in prices will be government-mandated. Goldman won't even have to rig the game. It will be rigged in advance." - mr5150, on 07/03/2009, -1/+67Thomas Jefferson had warned the American people about such a thing happening. He said:
“If the American people ever allow private banks to control the issue of their private banks to control the issue of their money... the banks and corporations that will grow up around them (the banks) will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered!”
It is conquest through the most gigantic fraud and swindle in the history of mankind. And to think that the key to their power and wealth is simply their legal right to create money out of nothing and to lend it out at interest. If they had not been allowed to do that, they could never have gained secret control of the nation. - brendond, on 07/03/2009, -3/+63Here's the link to the original Rolling Stone article (print friendly)
http://www.rollingstone.com/politics/story/2881632 ... - phreest, on 07/02/2009, -26/+82Goldman Sachs practices trickle up economics. They transfer wealth from the middle and lower classes into their executive's foreign accounts so that the wealth of the nation is gradually liquidated. If you like it, keep voting for the right and pseudo-right!
- phathead, on 07/02/2009, -10/+58new sh!t has come to light man. I guess your not privy to all this ah um new *****. man
- guyinjapan, on 07/03/2009, -2/+39Thank you! I've been waiting for this story to hit the front page for a week... I'm glad it finally did. Here's a link to a blog that has the whole thing written out... don't waste your time with this stupid blog summary, read the real article. It's a long read but absolutely worth it: http://www.correntewire.com/great_american_bubble_ ...
- emmeron, on 07/03/2009, -2/+35@phreest --
that is incredibly ignorant. Historically it has been the left leaning presidents administrations that have led the way while GS was raking in the $.
That said, I see no difference between left and right here. One sets up the blow, the other topples. Both are guilty. - garvallagh, on 07/03/2009, -3/+31You have all seen Fight Club
You know what to do - inactive, on 07/03/2009, -1/+29What. I had a bet with my friend here Billy Ray that he couldn't both crash the market and make a lot of money at the same time... I lost. (Hands Billy Ray a dollar bill)
- mpires, on 07/03/2009, -0/+23I see you're using the parlance of our times.
- KMye, on 07/03/2009, -2/+25Bah, no online version...well, not sure if they mention in the article, but CO2 regulation -specifically cap and trade- seems to be the next cash cow Goldman Sachs is really focusing on now...Regardless on one's stance of underlying scientific need for some sort of action, one should be very interested in how many recently ex-Goldman Sachs execs are working tightly with Al Gore and his green investment funds, to say nothing of Goldman Sachs-proper's ownership stake in both European and American carbon exchanges...
- twomeyw23334, on 07/03/2009, -4/+26No, it's called fascism. In a capitalistic society Goldman's / AIG and such would have gone bankrupt.
- twomeyw23334, on 07/03/2009, -10/+28As apposed to the pseudo-left?
The hard-right promotes free market regulation, in which case AIG and likely Goldman would have gone bankrupt. The hard-left promotes government control or nationalization. The pseudo-right and pseudo-left offer barely any noticeable difference, they promote their own campaign contributions.
Let's not forget the real cause behind most stock market crashes, especially of that during the Great Depression, the FED, had nothing to do with leftists, right....? - JoeParanoid, on 07/02/2009, -11/+28Recessions are designed to repatriate wealth back to the super-rich. But here are some ditry fingerprints to underline the point.
- guyinjapan, on 07/03/2009, -3/+19Not so fast. If you read the actual article, it seems like the government was much more involved with Goldman Sachs during the Clinton and Obama administrations than under Bush, although both are at fault. Obama has certainly done much more for that bank with the bailouts than Bush ever did, for sure. If you take anything away from this, it's that both Republicans and Democrats alike are just two sides of the same coin, and equally as bad when it comes to pursuing their own corrupt agendas.
- ftc08, on 07/03/2009, -1/+17You can't just blow up a bunch of buildings.
- SickMonkey, on 07/03/2009, -0/+15I don't understand the whole "Cap and Trade" system. Why not just tax the polluters instead of creating yet another derivatives market for profiteers like Goldman Sachs to manipulate?
Didn't we learn anything from the Enron debacle? They created a non-existent "energy crisis" out of thin air and stole billions from states and working class families.
Anyone think for a second that this won't happen again once these greedy f***ks take control?
I'm pissed! - bossm4n, on 07/03/2009, -1/+16And take a look at our elected officials with direct ties, emotionally and financially to Goldman Sachs.
- RonPaulNews, on 07/02/2009, -34/+49Goldman is no doubt evil, but it's the bank above them that is the real cause of every bubble. Please wake up to the horror that is the federal reserve. Go to LewRockwell.com Mises.com
- lordshank, on 07/03/2009, -4/+17Not news, but still true.
The sad thing is, these guys will keep going until people realize that our monetary system isn't all it's cracked up to be, the more you have the less it's worth. When you consider inflation, gov't demands and whatnot, you need a *****-ton of cash to earn enough interest to cover taxes and the outgo that occurs through the natural properties of money and it's inherited debt, but when you have that much money, you don't get taxed enough.
Anyway, we always lose. Kill the Fed, banks are for cheats and liars who enjoy shell games. - thecoolestguy, on 07/03/2009, -5/+18The climate bill and global warming hype is pushed by the up tops. People like Krugman of the New York Times are closely connected to these corporations and serve as media bullies who belittle and defame those who disagree with the meme being promoted.
e.g.
http://www.nytimes.com/2009/06/29/opinion/29krugma ...
Betraying the Planet
By PAUL KRUGMAN
Published: June 28, 2009
So the House passed the Waxman-Markey climate-change bill. In political terms, it was a remarkable achievement.
But 212 representatives voted no. A handful of these no votes came from representatives who considered the bill too weak, but most rejected the bill because they rejected the whole notion that we have to do something about greenhouse gases.
And as I watched the deniers make their arguments, I couldn’t help thinking that I was watching a form of treason — treason against the planet.
To fully appreciate the irresponsibility and immorality of climate-change denial, you need to know about the grim turn taken by the latest climate research.
--
They work to create a culture that is totally intolerant towards views opposing the ones they are promoting. They try to make anti-global warming views be seen in the same light as heretics were in the medieval ages. - falser, on 07/03/2009, -1/+14Obama isn't exactly calling to abolish the Fed. He's part of the ponzi scheme too, whether he knows it or not.
- guyinjapan, on 07/03/2009, -1/+13As far as I can tell, that's still not the entire article, but just excerpts put on Taibbi's blog. Here's the real thing in case anyone wants to read more:
Scanned PDF: http://www.scribd.com/doc/16752803/The-Great-Ameri ...
Text version: http://www.correntewire.com/great_american_bubble_ ...
Second text version: http://forums.somethingawful.com/showthread.php?th ... - KMye, on 07/03/2009, -0/+12Absolutly right...aside from the past (and not saying Republicans are any better), GS is all up in the Democratic party right NOW...
For example... http://www.opensecrets.org/pres08/contrib.php?cycl ... - yonoz, on 07/03/2009, -0/+11Quick, everybody invest in GS.
- taskenspiller, on 07/03/2009, -2/+13Would you elaborate on that, Sir?
- Amazetbm, on 07/03/2009, -1/+11In a truly free market governments neither supplement nor bail out any one when they screw up.
- ftc08, on 07/03/2009, -2/+12Watch me
- scamper22, on 07/03/2009, -3/+12Now the question is what do people do with such information?
Do you:
a) realize their main strength is in collusion with government, so the key is to make sure we have limited government so that government doesn't have the power to inact legislation that helps goldman sachs.
b) think the problem is not enough government. so you need to empower government in the grand hope that they use that power in an honest way instead of in the way they have used it for the past 80 years?
Which one do you think is more realistic to history...
here's a hint... power corrupts.... absolute power corrupts absolutely. - TumblingDice777, on 07/03/2009, -0/+9...Meanwhile Goldman is standing in front of the voting senate:
Vote YEA or the economy gets! We'll sell everything and people will blame you. You'll be out your jobs in no time seeeeee.
Of course they don't have to tell this to every lawmaker because some of them are actually dumb enough to believe they're solving climate change with this legislation. - n00854180t, on 07/03/2009, -0/+8Keep voting for either of the parties, because they all collude with Goldman and their ilk. None of the current politicians in office right now can be said to be free of their influence. Right, left, Republican, Democrat, it doesn't matter, they're ALL screwing us.
- guyinjapan, on 07/03/2009, -0/+8Here's the real article.
Scanned PDF: http://www.scribd.com/doc/16752803/The-Great-Ameri ...
Text version: http://www.correntewire.com/great_american_bubble_ ...
Second text version: http://forums.somethingawful.com/showthread.php?th ... - inactive, on 07/03/2009, -1/+9yes, Bankers rule the world. hello, where have you been? who has the money makes the rules.
- BedPost, on 07/03/2009, -1/+8I wanna digg you so hard... but why the ***** exclamation point man? Agh!!! I'm torn!
- taskenspiller, on 07/03/2009, -1/+8Interview with Taibbi
http://watch.bnn.ca/the-close/july-2009/the-close- ...
Warning: 30 sec Blackberry/U2 ad - mcsenget, on 07/03/2009, -0/+7END THE FED!
- RonPaulNews, on 07/03/2009, -6/+13You are sooooooooo wrong. He has writers of every race and creed. He loves humanity. SO please please please stop spreading lies. Don't you care at all about the truth?
- guyinjapan, on 07/03/2009, -1/+8Yeah but I've read the whole damn thing, and it does tell the truth with ample evidence. Search for it and you'll find it. This blog ***** is stupid. Don't be stupid, read the real thing people. Here are three links I have:
Scanned PDF: http://www.scribd.com/doc/16752803/The-Great-Ameri ...
Text version: http://www.correntewire.com/great_american_bubble_ ...
Second text version: http://forums.somethingawful.com/showthread.php?th ... - CodeCobalt, on 07/03/2009, -2/+8what on earth are you smoking? The republicans were largely opposed to the bail-outs, including AIG and Sachs. Obama is the one who filled his financial cabinet with a bunch of ceo's and fools from fannie mae and the like. Obama is also the one who likes to speak before he knows what the hell he is talking about, contrary to what he has said in the past, http://www.youtube.com/watch?v=cfOFhrMdMd8
Well Obama, you sure didn't wait to announce the closing of gitmo, when you admitted you had no plan, or ideas on what would happen to the people being held there, "I don't know whats going to happen to the prisoners, I'm giving them a year though, so they'll figure something out." Brilliant. - huskiefan06, on 07/03/2009, -1/+7Actually its called crony capitalism, not a free market. In a free market, there wouldn't be cap and trade. Goldman is planning on making money BECAUSE of legislation in which big brother INTERVENES and CREATES an artificial market. Lets remember, Goldman also LOBBIED for it. Al Gore also likes crony capitalism, lets look at how much his carbon credit trading company stands to make BECAUSE of big brother further intervening with 'environmental' policy. Gore also lobbied Congress for this legislation as well.
- inactive, on 07/03/2009, -6/+12That's because you are a sociopath.
- BillE3, on 07/03/2009, -0/+6It is a long list and very telling of backroom control and influence by GS. To think Obama has no handlers is being blinded by MSM.
- epicwinsauce, on 07/03/2009, -0/+6Vote for anyone, it doesnt matter whos in office, Goldman is everywhere. Obama will do nothing. Nothing. The only thing he'll change is how the government lies to you.
Wake up and smell the ashes. - yasij, on 07/03/2009, -1/+7Bastards. Genius. BASTARDS. Genius.
- spriggig, on 07/03/2009, -1/+7It doesn't really matter who we elect.
- sooperdooper, on 07/03/2009, -0/+5But... you don't even have a point! You're just paraphrasing Bill Hicks! Gawd, THAT's why I'm digging you down.
- AmnesiacJack, on 07/03/2009, -0/+5And yet nothing will be done because the American people have been lulled into obedience and ignorance.
- inactive, on 07/03/2009, -1/+6You're.
/ grammar nazi - inactive, on 07/03/2009, -0/+5Its Corporatism!
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