America hates explanations that take longer than 30 seconds. Or at least our current Corporate Media and our current Politicians hide behind the excuse that Americans can’t sit through explanations that take longer than 30 seconds. So the majority of what we are offered in the media and in politics are sound-bite and bumper-sticker worthy slogans that are easily consumed, like junk food, even if the long term effects are chronic life-threatening problems. Arrgh!!!
Yet we keep wanting to believe that we are informed citizens in a healthy democracy, because, as Matt Taibbi puts it, “like an amputee, you can still sort of feel things that are no longer there.” Matt’s latest article “The Great American Bubble Machine” in the new Rolling Stone should be required reading for all citizens. He lays out an incredible outline of all the Wall Street bubbles and crashes of the last hundred years and the common elements in all of those catastrophes: Goldman Sachs. Unfortunately, Matt’s explanations take longer than 30 seconds to recount. So I won’t rehash them all here, and I am sure most Americans won’t read the whole 12 page article. But you should.
Investment Trusts, Tech Stocks, IPOs, Mortgage based Securities, Credit Default Swaps, Commodities Futures, TARP are all bubbles that have been created and inflated by Goldman Sachs while luring dollars into the system from ordinary people, siphoning off billions of dollars, and then running for cover before the bubbles burst, and then putting the cost of the clean up on the taxpayer.. And next, Goldman Sachs wants to do the same to Carbon Credits. It is astounding the list of current and ex Goldman employees who “run” the agencies that set policy for these issues and the list of politicians they contribute to, including President Obama whose cabinet is loaded with these guys.
Read the Rolling Stone Article. http://zerohedge.blogspot.com/2009/06/goldman-sachs-engineering-every-major.html Matt has put together a compelling narrative. I have always found his research to be compelling and he is seldom off base.
I’m getting a little bit tired of being told I live in the greatest democracy on earth and yet finding out that the facts don’t match the advertising. I’m sick of being a democratic amputee with phantom pains of accountability and participation. We are human beings after all. Our ancestors built the pyramids, went to the moon, discovered music and dance. We invented the concept of civilization. And I for one think it is time to do some hardcore triage and identify the diseases that have infected our institutions our bodies and our psyches and then DO SOMETHING ABOUT IT!
Let’s cut the crap. Fool me once Goldman Sachs, shame on you. Fool me twice, no eight, no ten times, shame on me. Fraud is not a good business model. Debt is not a good investment. Rebranding does not change the product. And real commodities and real people are not there for your gambling pleasure. I don’t think you ought to be able to buy and sell a barrel of oil an average of 27 times (driving the price up each time) before I am allowed to purchase my gas. And you should definitely not be allowed to do that with our food supplies. Nor should you be allowed to run the government agencies that are supposed to keep you honest. This Goldman Sachs Mafia needs to get dragged into the light, that place where vampires never like to be.
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