Posted on 06/26/2009 11:14:45 AM PDT by shoptalk
Quietly and almost unnoticed by most Americans, the US Federal Government introduced a fourth branch to its political structure in 2006. As you know we already had three branches; they are:
§ The Judicial: the Supreme Court
§ The Executive: the President
§ The Legislative: Congress
This pretty much has us covered in terms of political strategy… but what about financial issues? Everyone knows Congress has no clue how to allocate capital. And the Executive Branch doesn’t exactly have a great track record when it comes to financial matters either (we’ve run a deficit virtually every year since 1970).
Shouldn’t we have a Financial Branch of government? A group of fiscal experts entirely devoted to keeping the US’s fiscal house in order?
Well, we actually do, but instead of installing a branch of smart, genuine financiers interested in benefiting the American people, we installed a bunch of greedy crooks intent on stealing as much of the public’s money as possible with no consequences what so ever.
Ladies and Gentleman, I present to you America’s Financial Branch of the Government: Goldman Sachs.
Trying to detail exactly how integrated Goldman has become to the Federal Government would be like trying to track the peanut butter swirls in Ben and Jerry’s Chocolate Peanut Butter Swirl ice cream. Indeed, with the exception of Ben Bernanke and a few other officials, Goldman Sachs provided all the lead characters for the Tragic Comedy that is our latest Financial Crisis.
Central to the entire mess is Hank “The Hammer” Paulson, our former Public Money Privatizer, or Secretary of the Treasury as he is commonly known. To chronicle the full intricacy of Paulson’s web of cronies and the methods he used to funnel public funds to them and their business during the Crisis would require a book...
(Excerpt) Read more at seekingalpha.com ...
Goldman Sachs: Engineering Every Major Market Manipulation Since The Great Depression
>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Matt Taibbi skewers them in Rolling Stone, leading off with fire, anger and gusto: "The first thing you need to know about Goldman Sachs is that it is 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..."
[[ While watching CNBC this morning the whole cap and tax scheme crystalized in my mind. They had a guest host there from UBS and the he was espousing the Messiah’s economic plans. he went into the whole green jobs thing, and then two Congressmen came on. The one anti tax and kill Congressmam pointed out how ludicrous the UBS bankers arguments about green jobs was. Like the Spanish study just out from their ‘green economy’ showing for every green job created, two regular ones are lost. Also that it took subsidies of 750K per job to create each job. The whole time the UBS guy on split screen just sat there and smiled, his smile getting bigger the longer the Congressman spoke. The UBS guy knows what the MSM and most americans do not, and this came to me like a bolt of lightning as I watched the UBS guy smile. Cap and Trade is the replacement for Subprime and securitized mortgages, 50 to 1 leverage the banks used the last 10 years, etc. Without a housing bubble, the only way the bankers can continue to make money at our expense is cap and trade. Why? BECAUSE THEY WILL BE RUNNING THE MARKET FOR CARBON OFFSETS!!! The UBS’s, Goldman Sachs, etc of the world will game the system the same way they made liar loans, 110% mortgages, etc. Cap and Tax is the bankers next big thing, and the main reason Enron went down and the Jeff Skilling and Andy Fastows of the world were hauled off to jail was cap and tax, not manipulating the energy prices. Kenny Lay, Skilling and company actually met with Clinton in the White House to start this ball rolling. Once the bankers found out about this, they had to stop them by any means necessary to keep the pot of gold for themselves. The smile on the UBS bankers face was like the cat who caught the canary, he can taste the money they will make by selling nothing but air. No cost, 100% profit. To the corrupt bankers, it does not get better than that. 7 posted on Friday, June 26, 2009 12:29:58 PM by milwguy ]] [ http://www.freerepublic.com/focus/bloggers/2280038/posts?page=7#7 ]
[[ While watching CNBC this morning the whole cap and tax scheme crystalized in my mind. They had a guest host there from UBS and the he was espousing the Messiah’s economic plans. he went into the whole green jobs thing, and then two Congressmen came on. The one anti tax and kill Congressmam pointed out how ludicrous the UBS bankers arguments about green jobs was. Like the Spanish study just out from their ‘green economy’ showing for every green job created, two regular ones are lost. Also that it took subsidies of 750K per job to create each job.
The whole time the UBS guy on split screen just sat there and smiled, his smile getting bigger the longer the Congressman spoke. The UBS guy knows what the MSM and most americans do not, and this came to me like a bolt of lightning as I watched the UBS guy smile.
Cap and Trade is the replacement for Subprime and securitized mortgages, 50 to 1 leverage the banks used the last 10 years, etc. Without a housing bubble, the only way the bankers can continue to make money at our expense is cap and trade. Why? BECAUSE THEY WILL BE RUNNING THE MARKET FOR CARBON OFFSETS!!! The UBS’s, Goldman Sachs, etc of the world will game the system the same way they made liar loans, 110% mortgages, etc.
Cap and Tax is the bankers next big thing, and the main reason Enron went down and the Jeff Skilling and Andy Fastows of the world were hauled off to jail was cap and tax, not manipulating the energy prices.
Kenny Lay, Skilling and company actually met with Clinton in the White House to start this ball rolling. Once the bankers found out about this, they had to stop them by any means necessary to keep the pot of gold for themselves.
The smile on the UBS bankers face was like the cat who caught the canary, he can taste the money they will make by selling nothing but air. No cost, 100% profit. To the corrupt bankers, it does not get better than that.
7 posted on Friday, June 26, 2009 12:29:58 PM by milwguy ]]
[ http://www.freerepublic.com/focus/bloggers/2280038/posts?page=7#7 ]
The fourth branch of government is all of the government sponsored enterprises - Post Office, Federal Reserve, Fannie Mae, Freddie Mac, Medicare, etc.
These institutions wreak havoc with the United States and operate essentially outside of the Constitution.
Who replaces Bernanke? Larry Summers? so the rumor goes...
They’re all just as ‘progressive’ as Hugo Chavez.
And we sold them the rope.
Well, we know from the way Michelle Obama dresses it ain’t Sachs 5th Avenue.
‘he can taste the money they will make by selling nothing but air’
Creating money from thin air...
Why produce anything from manufacturing with all it’s regulations and restraints, when you can produce money for nothing, (and the chicks are free)?
Just sit back and let it roll in because even breathing will be taxed and everyone breathes...
This is spot on and needs to be screamed far and wide.
The cap and trade scam is one of the biggest ripoffs in history, and it's being perpetrated largely because corporations such as GE and GS have been set up nicely by their Washington cronies to make a killing off it should it pass.
These bloated (abeit well-connected) modern robber barons don't have a "post bubble" business plan, so now they're counting on the quisling politicians they've purchased to save their bacon by allowing them to suck massive amounts of wealth out of American families and small businesses.
And the politicians (read the obscene democrap party bosses running the criminal enterprise federal oligarchy) will gain unprecedented control over every aspect of your life with cap and tax! Think what the oligarchs can do with the power to regulate any community over their carbon output ... and whom or how will the serfs challenge them in this new power? We cannot, the federal oligarchs control the courts now, too!
Exactly, but explaining it to refute the Save-The-Planet crowd isn't easily reduced to a sentence or two. That's why it's important to understand the financial (and political) motivations driving it.
So, at what point will Americans begin shooting back in this war? Let the politicians and their buyers hang.
Citibank is too. Both are run mob style.
...instead of installing a branch of smart, genuine financiers interested in benefiting the American people, we installed a bunch of greedy crooks intent on stealing as much of the public's money as possible with no consequences what so ever.Nice of 'em to take the blame for Obama, Pelosi, Waxman, Markey, uh, Gore, Clinton, etc are doing.
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