Goldman Sachs: Bloodsucking Vampire Aliens?

15 Jul, 2009 | Australian Values, Cultural Values, Democracy, Economic Values, OzPol Values, USPol, Values

Goldman Sachs – covering the face of humanity?

 

Goldman Sachs is furious at what Matt Taibbi has written in Rolling Stone. This is apparently not absolutely fresh news but we heard the magic phrase for the first time this morning.

It’s from Taibbi’s article, “The Great American Bubble Machine”, in Rolling Stone about the place of Goldman Sachs in the modern world.

The memorable line is this description of Goldman Sachs:

“ The first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.

But then there is this, too:

“ Any attempt to construct a narrative around all the former Goldmanites in influential positions quickly becomes an absurd and pointless exercise, like trying to make a list of everything. What you need to know is the big picture: If America is circling the drain, Goldman Sachs has found a way to be that drain — an extremely unfortunate loophole in the system of Western democratic capitalism, which never foresaw that in a society governed passively by free markets and free elections, organized greed always defeats disorganized democracy.

[ … ]

The formula is relatively simple: Goldman positions itself in the middle of a speculative bubble, selling investments they know are crap. Then they hoover up vast sums from the middle and lower floors of society with the aid of a crippled and corrupt state that allows it to rewrite the rules in exchange for the relative pennies the bank throws at political patronage. Finally, when it all goes bust, leaving millions of ordinary citizens broke and starving, they begin the entire process over again, riding in to rescue us all by lending us back our own money at interest, selling themselves as men above greed, just a bunch of really smart guys keeping the wheels greased.

Taibbi also claims that Goldman is at the root of the astronomical oil price rises over the last year or so because oil has been commodified in the Goldman Sachs way so that every barrel of oil was bought and sold 27 times before it ever reached its end user. That’s 27 times a profit has to be made – sort of like compound interest, and your economics teacher told you how good that is at increasing your bank balance.

You might think, as Goldman Sachs has suggested, that his article is “an hysterical compilation of conspiracy theories” and so it might be — unless it is true. Taibbi certainly has filled his piece with checkable facts and figures, such as the astonishing reach of the company and its alumni, including: bailout czar, Paulson; Robert Rubin, Bill Clinton’s former Treasury Secretary and then chairman of Citigroup; John Thain, chief of Merrill Lynch; Robert Steel, head of Wachovia, who “scored himself and his fellow executives $225 million in goldenparachute payments as his bank was selfdestructing”; Joshua Bolten, Bush’s chief of staff during the bailout; Mark Patterson, the current Treasury chief of staff; and Ed Liddy, whom Paulson put in charge of bailedout insurance giant AIG. Etcetera etcetera etcetera…

Not to forget, as it seems Taibbi does, that Malcolm Turnbull is also an alumnus of Goldman Sachs: chair and managing director of Goldman Sachs Australia (1997-2001) and a partner with Goldman Sachs and Co (1998-2001). All we need is another ex-Goldman Sachs partner to become PM of Australia …

Read the full Rolling Stone article

Stark reading, and enough material to keep him writing for 7 (online) pages, including this potentially even more worrying note:

“ They’ve been pulling this same stunt over and over since the 1920s — and now they’re preparing to do it again, creating what may be the biggest and most audacious bubble yet.

According to this, if you want to rule the world, join Goldman Sachs!

 

Thank you for reading this far!  You might think producing a post like this takes a bit of work. 
It does! If you’ve appreciated it you might consider encouraging me. ( We all like validation! )   

Buy Me A Coffee

All posts

Categories

You might also like:

Is Labor Finished?

  "A Realm of Despicably Effortless Incompetence"   ir Roger Migently is not angry. He is over it.According to Friday’s ABC 7.30 Report: The Government is pushing ahead with its demand that dozens of dentists repay...

Drool Britannia

Unemployed Man Weds Fashion Accessory Buyer oday we celebrate the marriage of an unemployed¹ man, the son of a barking madman and a kindergarten teacher, to a fashion accessory buyer, the daughter of a flight attendant and a...

The Ancient Marinara

  He's a Legend, and our friend   e wish he wouldn’t describe himself as “ancient”. That tends to put us at the edge of a category we fiercely resist. Richard Neville, one of the founders of homepagedaily.com, was the infamous, notorious...

Australian Refujesus Exhibition

Minister von Rock Opens Australian Refujesus Exhibition 15 October, 2006 The Australian Minister for Pacific Island Guano Getaways and Internment (PIGGI), Mistress von Rock, has opened a very tasteful photographic exhibition of pathetically grateful boat people to...

Rude Britannia & Australian Values

How Very Dare You!  Yes, we know, the British are the world leaders in "la politesse"  and "cortesia" (ironically*). They will never be impolite to anyone. They would never call a black person a "nig-nog". Not to their face. They would never call an Australian a...

Assessment of Current Australian Politics

  Executive Summary     ir Roger has been absent from his adoring public. He has been busy, of course, and apologises from the bottom of what is left of his heart; from what is left of Australian politics by the Australian politicians who have...

Disaster Capitalism

  In other news… Better the devil you know?   oward’s appeal on 60 Minutes tonight fits right into the well-worn Disaster Strategy.   On the one hand: “you’ve never had it so good” but on the other: “these are savage, uncertain and...

The Next Big “Sorry”

Sorry Bastards   ant a long-range heads-up? The question we should be asking Abbott and Gillard and all of their various immigration spokespeople right now is this:   How do you feel about the inevitability that — possibly in your lifetime — a...

We Came For Peace

“We came for peace,” said the commando, one of the first Israeli soldiers to board the Mavi Marmara. ”They came for war.” ow you can tell "we came for peace" is that we came in the dark of night in warships and armed rigid-hulled inflatable boats,...

The Old Tart Vanishes

  Levers and pulleys of a flimsy fantasy machine   t’s all about perception, as they say, and in politics perception is truth. But, as MacDonalds say, for a limited time only. We were struck over the last few days by the sudden...

Spelling It Out

  Okay, no surprise… The Bush White House lied to the American people. …Except that one of the people who knew it at the time, a US Senator, has dropped a “Bombshell on the Senate Floor”. o here it is at last. Not the smoking gun we had before...

Sorry

    t is a pop-psych fallacy, particularly perpetrated by John Howard, to insist on “putting the past behind us”. The past that is not dealt with eats away at us in our (collective) subconscious and paralyses us for action. The past that...

Australian Refujesus Exhibition

Minister von Rock Opens Australian Refujesus Exhibition 15 October, 2006 The Australian Minister for Pacific Island Guano Getaways and Internment (PIGGI), Mistress von Rock, has opened a very tasteful photographic exhibition of pathetically grateful boat people to...

The Whoredom of Philip Ruddock

An Unfinished Canvas hey had, as it seemed, unending life, yet life became unendurable to them… Between rim and robe naught was there to see, save only a deadly gleam of eyes… And they became forever invisible and they entered...

Review of recent DIC Waving

  A slightly different audience ...   ome time ago, Bob Correll, the Deputy Secretary of DIC¹ , contacted us to complain that the Values Australia website “may seriously damage Australia’s reputation overseas” before going on to threaten...

Sack Keelty

  Sack the Bastard   …and DIC Senior Management, particularly the Deputy Secretary in charge of borders, compliance, and detention, the avowed expert in the use of the visa as a tool for enforcing (at the time) Liberal Party policy. Yes, it’s our old friend,...

Migently Mountain Manifesto: 3

11.   Science is not a set of facts. Science is a process. The process is to — a) observe, b) speculate, c) propose an explanation (or “theory”), d) devise an experiment which i) can be repeated (“replicable”) and ii) can prove the theory false (“falsifiable”) e)...

Hell, Pell

Cardinal Pell after Bacon   To Hell, Pell-Mell   C ardinal Pell has claimed on PM today that Global Warming is not happening. He has “studied the science”, he says, and come to the rational conclusion that there is no evidence for global warming. In fact, he...

‘this pathetic bleating for shelter from skepticism’

Atheists need a little woman to calm them down   es, we know it is a bit late in the day to be discovering Pharyngula but we did and there is nothing to be done but fall down and worship. No, we mean sit down and learn. PZ Myers is a prolific,...

Rentier Socialists

  Not Gough in his heyday    J ust (sorry) Sir Roger thinks IT’S TIME to refer back to the recent squabble about certain t-shirts and heap some shit on those who assert ownership of the commonly used English phrase “It’s time”. Universities once — in all the...

Where Do They Get These Ideas?

Dang Me If Its Not From Richard Perle!   alues Australia provides the following information to help Australians understand some of their Australian values, especially to understand where our values come from in relation to Middle East policy...

Black Breath of the Nazgûl

AKA Phillip Ruddock  AKA 'Dock Vader How dare ordinary 'people' have "views!"    sked on Southern Cross radio whether the case was a mess, he replied: "No, what I think has happened is that people who have views about the nature of the law are...

For the Record

Eating Air   ir Roger wrote to several Labor pollies recently complaining about Labor’s (really Rudd’s) lack of stance on the Haneef matter. The first response, to his credit, was from on behalf of Kevin Rudd. Dear [….you...

Israel’s Bogus Claims

  [About Article 67(a)]   sraeli spokespeople are cheerfully quoting the “San Remo Agreement” or the “San Remo Accord” as if it gives their recent action legitimacy; that Article 67(a) confers on them the special right to board civilian...

Not 2007 – But the Excitement Lingers

  Like a Well-Fermented Fart   Preamble to  "A Moron in a Hurry" —  Sir Roger v Gough's Gouls trangely enough this title could be, but isn’t, about the next election. It’s about Labor Icon Gruff Wiblam and his pale irritation Steel Rod....

Happy Saturnalia

  Absolute relaxation and unrestrained merriment     his time of year is a traditional celebration of the birth of an extraordinary man – a long-haired mystic who revealed the secrets of the universe and forever changed the way we see the...

Migently Mountain Manifesto: 4

  16. Nobody knows what the fuck is “really” going on. Anyone who claims to know is either deluded, a liar, or a charlatan who is after your money, or your body, or naked power. The people who are most likely to claim they do are priests, fools and politicians...

Government Gets ‘F’ on Values

'F' is for Effed   e are devastated to have to report that the Government - which instituted the Australian Values campaign - has failed its own test. A Government website, Values Education, has provided a list of the nine most important...

Rights of Man

Magna Carta 15 June 1215 e know where we stand on a Bill of Rights and we could argue for it but we don’t think we need to any more. John Howard has argued against it and that’s just about enough for us. The little shit has been so wrong about...

Jefferson Says – Reboot

President Kennedy told a gathering of Nobel Prize winners at the White House, "I think this is the most extraordinary collection of talent, of human knowledge, that has ever been gathered together at the White House, with the possible exception of when Thomas...

0 Comments