Posted by Steve Beckow
While this article does detail the big play by Goldman Sachs and itâ€™s interesting to take in how they intended to work the global economy, their plans have no chance of succeeding.
Thom Hartmannâ€™s article does shine the light on the plan but it shouldnâ€™t be taken as grounds for concern. The financial cabal is on its last legs and due to slide under the waves soon. Thanks to Hugh.
Goldman Sachsâ€™ Global Coup Dâ€™etat
Tuesday, 27 November 2012 16:07 ByÂ Thom Hartmann and Sam Sacks, The Daily Take | Op-Ed
When the people of Greece saw their democratically elected Prime Minister George Papandreouforced out of officeÂ in November of 2011 and replaced by an unelected Conservative technocrat, Lucas Papademos, most were unaware of the bigger picture of what was happening all around them.
Similarly, most of us in the United States were equally as ignorant when, in 2008, despite the switchboards at the US Capitol collapsing under the volume of phone calls from constituents urging a â€œnoâ€ vote, our elected representatives voted â€œyesâ€ at the behest of Bushâ€™s Treasury Secretary Henry Paulsen and jammed through the biggest bailout of Wall Street in our nationâ€™s history.
But now, as the Bank of England, a key player in the ongoing Eurozone crisis,Â announces that former investment banker Mark CarneyÂ will be its new chief, we canâ€™t afford to ignore whatâ€™s happening around the world.
Steadily â€“ and stealthily â€“ Goldman Sachs is carrying out a global coup dâ€™etat.
Thereâ€™s one tie that binds Lucas Papademos in Greece, Henry Paulsen in the United States, and Mark Carney in the U.K., and thatâ€™s Goldman Sachs. All were former bankers and executives at the Wall Street giant, all assumed prominent positions of power, and all played a hand after the global financial meltdown of 2007-08, thus making sure Goldman Sachs weathered the storm and made significant profits in the process.
But thatâ€™s just scratching the surface.
As Europe descends into an austerity-induced economic crisis, Goldman Sachsâ€™s people are managing the demise of the continent. As the British newspaperÂ The IndependentÂ reported earlier this year, the Conservative technocrats currently steering or who have steered post-crash fiscal policy in Greece, Germany, Italy, Belgium, France, and now the UK, all hail from Goldman Sachs. In fact, the head of the European Central Bank itself, Mario Draghi, was the former managing director of Goldman Sachs International.
And here in the United States, after Treasury Secretary and former Goldman CEO Henry Paulsen did his job in 2008 securing Goldmanâ€™s multi-billion dollar bailout, he was replaced in the new Obama administration with Tim Geithner who worked very closely with Goldman Sachs as head of the New York Fed and made sure GoldmanÂ received more than $14 billionÂ from the bailout of failed insurance giant AIG.
Whatâ€™s happening here goes back more than a decade.
In 2001, Goldman Sachs secretlyÂ helped Greece hide billions of dollarsÂ through the use of complex financial instruments like credit default swaps. ThisÂ allowed Greece to meet the baseline requirementsÂ to enter the Eurozone in the first place. But it also created a debt bubble that would later explode and bring about the current economic crisis thatâ€™s drowning the entire continent. But, always looking ahead, Goldman protected itself from this debt bubble by betting against Greek bonds, expecting that they would eventually fail.
Ironically,Â the man who headed up the Central Bank of GreeceÂ while this deal was being arranged with Goldman was â€“ drumroll please â€“ Lucas Papademos.
Goldman made similar deals here in the United States, masking the true value of investments, then selling those worthless investments to customers while placing bets that those same investments would eventually fail. The most notorious example was theÂ â€œTimberwolfâ€Â deal, which brought down an Australian hedge fund, and which Goldman SachsÂ banksters emailed each otherabout, bragging, â€œBoy, that Timberwolf was one shitty deal.â€
This sort of behavior by Goldman helped inflate, and then eventually pop, the housing bubble in the United States. The shockwave then ran across the Atlantic, hitting Europe and turning Goldmanâ€™s debt-masking deal with Greece years earlier sour, thus deepening the crisis.
All of these antics should have brought about the demise of Goldman as well, but with their alumni in key policy positions on both sides of the Atlantic, Goldman not only survived, it flourished.
As theÂ DailyKos sums up, â€œThe normal scenario usually involves helping a nation hide a problem and sell its debt until the problem blows up into a bubble that bursts in a spectacular wayâ€¦Goldman Sachs then puts their â€˜manâ€™ into a position of power to direct the bailouts so that Goldman gets all its money back and more, while the nationâ€™s economy gets gutted.â€
For years, tinfoil hat crazies whoâ€™ve bookmarked Glenn Beckâ€™s websites and often appear as â€œexpertsâ€ on Fox so-called News have warned us about a one-world government (here,Â here, andhere). The latest threat, according to them, isÂ Agenda 21Â and the creation of a Soviet-style world authority that will confiscate private party everywhere, redistribute wealth to developing nations, and force us all to live by new global laws that sacrifice our national sovereignty. Itâ€™s totalitarian governments and not transnational corporations that we should be afraid of, they warn.
But when the tinfoil hat is removed, you can see that a sort of one-world government has already been established in a far more subtle form, through the rise of Goldman Sachs and their colleagues in the Wall Street elite.
A million questions arise when looking at whatâ€™s happening around the world. But many of these questions can be answered, once itâ€™s acknowledged that Goldman Sachs alumni have executed a global coup dâ€™etat.
Why are the working people of Greece, Portugal, Spain, and Italy suffering under austerity and being asked to sacrifice their pensions, their wages, and their jobs when, after five years, itâ€™s clear these policies are only making these nationsâ€™ debts even harder to pay off?
Itâ€™s because Goldman Sachs is sucking the last remaining wealth out of those nations to recoup whatever failed investments they made before the Crash.
Why have thousands of homeowners in the United States turned to suicide, domestic violence, and even mass murder when faced with home foreclosure, when a simple solution like re-writing mortgages, whichÂ FDR did successfullyÂ during the Great Depression, could put an end to the bloodshed and misery?
Itâ€™s because re-writing mortgages would force banks like Goldman Sachs to take a hit. And thanks to the game theyâ€™ve created, they actuallyÂ make more moneyÂ when a home they own is foreclosed on.
Why, despite mountains of evidence, have banksters at Goldman Sachs and other Wall Street institutions not been thrown in jail for defrauding customers, manipulating LIBOR interest rates, and throwing thousands of Americans out of their homes illegally in a massive robo-signing scandal?
Itâ€™s because we have a two-tiered justice system in which those in power, like Goldman Sachs executives, get a slap on the wrist when they steal $50 billion, but people like you and me go to jail for stealing a 7-11 Slurpee.
Now does it make sense why Wall Street was bailed out and Main Street was sold out?
In this post-crash world, where agents of Goldman Sachs have infiltrated key positions of power all around the world, we must all fundamentally re-understand how we view the global economy and just how much effect our democratic institutions have on this economy.
We no longer have an economy geared to benefit working people around the world; we have an economy thatâ€™s geared to exploit working people for Goldman Sachsâ€™ profits. Trader Alessio RastaniÂ told the BBCÂ in September before Goldmanâ€™s Lucas Papademos was installed as Greeceâ€™s Prime Minister, â€œWe donâ€™t really care about having a fixed economy, having a fixed situation, our job is to make money from itâ€¦Personally, Iâ€™ve been dreaming of this moment for three years. I go to bed every night and I dream of another recession.â€ Rastani continued, â€œWhen the market crashesâ€¦ if you know what to do, if you have the right plan set up, you can make a lot of money from this.â€
And as weâ€™ve seen over the last decade, Goldman Sachs knows exactly what to do. Theyâ€™ve had the right plan set-up, and itâ€™s nothing short of a global coup dâ€™etat.
As Rastani bluntly told the BBC, â€œThis is not a time right now for wishful thinking that governments are going to sort things out. The governments donâ€™t rule the world, Goldman Sachs rules the world.â€