The Great American Bubble Machine by Matt Taibi

Posted July 2nd, 2009 by Bob Smith 1234

Although this isn't the most objective article, it certainly does shed light on who is behind the fake market that accounts for a lot of speculation.

Download in easy to read format here:
http://rapidshare.com/fil...

Download actual article here (scanned from magazine):
http://rapidshare.com/fil...

Excerpt:
"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. In fact, the history of the recent financial crisis, which doubles as a history of the rapid decline and fall of the suddenly swindled-dry American empire, reads like a Who's Who of Goldman Sachs graduates."

output

Nice article but...

On July 4th, 2009 theaustrianswer... says:

if he continues to ignore the Fed's role in the booms and busts and the relationship of the Fed to these Wall Street banks, he may come to the wrong conclusion, i.e., the government needs more power to regulate.

Goldman Sachs isn't the heart of the problem. But again...it was a nice to see more attention on these Wall Street giants that are in bed with the government.

www.theaustrianswereright...

Ron Paul please read this

On July 3rd, 2009 SirThinksAlot says:

Exerpt from the posted article;

"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 biggest flaw I see in Dr. Paul's politics his is unwavering attachment to open, unregulated free market economic theory. While in principle an admirable idealism in the same vein of freedom, liberty, and small government, current events proves beyond a shadow of a doubt deregulation and a sleeping government watchdog opens the door to market exploitation, the increasing concentration of wealth and political power within the hands of a few, and eventually the death of representative democracy.

Regulations are only as

On July 4th, 2009 vincebodie says:

Regulations are only as effective as:

1. the people writing them
2. the people enforcing them

When #1 and #2 are the same, and they are in bed with #3 (big business) and #4 (big media), you get the current mess we are in.

I think the term "free markets" has to go. It carries implications of lawless activities where the biggest kid on the block always wins. Perhaps "fair markets" is better. In any case, a "regulated" economy has no better prospects of succeeding for the masses than an "unregulated" one. What's really needed is for good people with balls to stand up for what's right.

************
Are you a person?

Do you really control your own affairs?

Regulations are only as

On July 4th, 2009 SirThinksAlot says:

Regulations are only as effective as:

1. the people writing them
2. the people enforcing them

When #1 and #2 are the same, and they are in bed with #3 (big business) and #4 (big media), you get the current mess we are in.

Absolutely right. But we have got to stand with politicians who dare face up to the challenge. Look what happened to Elliot Spitzer. Granted he placed himself into a compromising position, but how is it the FBI is capable of investigating a politician's personal life while the crimes of Wall Street and DC politics slip under the radar?

I'll like to see 1/10th the investigative talent and resources used in the War on Drugs reallocated to a War on Private/Public Corruption.

"What's really needed is for good people with balls to stand up for what's right."

Agree 100%

Comments?

On July 3rd, 2009 SirThinksAlot says:

I've been a member of this forum for two days and what I've found isn't exactly what I expected. I expected vigorous discussions with politically courageous folks willing to challenge the status quo. Instead this is the most politically insecure forum I've ever run across. Cowardly even.

What looked like the Continental Army from afar ended up being nothing more than a marching band. My mistake.

give yourself a little more than two days...

On July 3rd, 2009 ecorob says:

and you'll see how we play here!

cowardly?
what the hell are your credentials, bonzo?

"I expected vigorous discussions with politically courageous folks willing to challenge the status quo."...in two days you've surmised that we don't do that?

O Captain, My Captain, rise up and hear the bells!

Expedient...

On July 3rd, 2009 SimpleSam says:

I'm only politically correct when I want to be.

For now, I'll say all Zionist Globalists (and they know who they are) are living on borrowed time and should head back to that big bank of theirs in the peruvian sky......

apology

On July 3rd, 2009 SirThinksAlot says:

I want to apologize to Ron Paul supporters for the comment made last night, it was poorly worded and rude.

"For now, I'll say all Zionist Globalists (and they know who they are) are living on borrowed time and should head back to that big bank of theirs in the peruvian sky......"

The big delimena is unless we as a people collectively grow on an intellectual level and break the instinctual chains that bind us we will remain slaves to the puppet master for the duration.

Truly it's hard....

On July 4th, 2009 SimpleSam says:

It's hard to admit that Israel is behind a lot of it, really it is.

Because you always want to think people like them or Somalia are victims, when they're not, they are one of the principal forces in the New World Order.....

I hold back only when I feel like it. Israel and the military industrial complex are the New World Order, it's as simple as that.

I blame them both equally, not as though they were separate...