And that would be my suggestion for all of those who perpetrated and profited in this theft.
May those who engineered – and are exacerbating -- the trashing of the economy and caused all this misery meet the same fate – and SOON!
Posted on 11/12/2009 9:48:02 AM PST by Dick Bachert
IF THIS DOESN'T HACK YOU OFF, NOTHING WILL!!!
Take your blood pressure meds, a Prozac and click on the link.
It was described thus by an earlier critic of the madness we're now living through:
“By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method, they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many (THAT'D BE MOST OF US), it actually enriches some.” (THAT'D BE GOLDDMAN-SACHS!) John Maynard Keynes, The Economic Consequences of The Peace, 1920
Obozo and Bawney Fwank are proposing a new financial regulatory bureaucracy. Wanna bet none of it will come down on their buds at places like Goldman-Sachs??
Sounds like time for tar and feathers to me.
Good advice. You may wish to add some lithium too.
In general, politicians, specifically liberal Democrat Congressmen/ Senators, are nothing but pathological liars and thieves.
Dick, if inflation leaves our money worthless, doesn’t that leave Goldman-Sachs’ money worthless?
NOT IF THEY WERE THE FIRST IN LINE TO CONVERT IT INTO TANGIBLES LIKE REAL ESTATE BEFORE IT HIT THE SYSTEM AND DILUTED THE VALUE OF THE STUFF THEN IN CIRCULATION.
The folks at the bottom of the food chain (that’s us) take the biggest hit in the process.
And that would be my suggestion for all of those who perpetrated and profited in this theft.
May those who engineered – and are exacerbating -- the trashing of the economy and caused all this misery meet the same fate – and SOON!
goldman s bump
Dick, have you noted what the value of property has done over the last year? Business property has taken a severe hit. Vacancy rates are alarming in many areas. And what are those properties worth if when you sell them, you take payment in “DOLLARS”? There’s no real way out of this for your argument to work, unless you’re claiming Goldman-Sachs is going to convert their holdings to some magic foreign currency that itself isn’t being deflated as we speak.
Your bottom line comment about the little guy taking the biggest hit is true. None the less, if firms like Goldman-Sachs take a hit, more little guys will feel it.
Our futures are not completely disassociated one from the other.
No problem. Take care bud.
Currently, deflation, not inflation, is a the greater risk. That’s why the prices of assets are dropping.
Goldman Sachs is a criminal enterprise.
While I agree with some of your rebuttal that we’re all linked, remember that outfits like Goldman are big into the currency trading business and can — and do — move those paper denominators around to maximize profits. Then there’s gold, silver and other tangible commodities as a means to — at a minimum — keep pace with the destruction of those fiat currencies and — in the best case — profit there as well.
Then there’s the matter of the increased power and influence — political and otherwise — that those huge influxes of that currency can purchase for them, allowing beneficial (to them) changes in the rules and regulations by which they are SUPPOSED to operate their businesses (the tilting of the proverbial “level playing field.”) And the rest of us won’t find out about any of that for decades, by which time they will have undertaken even MORE looting of the rest of us.
While still not impossible, that process would be far more difficult if we had HONEST, STABLE MONEY.
Stuff like this that triggered the Communist movements.
MSNBC has just realized that Goldman-Sachs is organized scum. This should be breaking news . . .
(I wonder if they will make any mention of the political party in which so many Goldman - Sachs executives seem to belong.)
I agree that stable money is a must. I also agree that there are problems with the major Wall Street players.
What does occur to me though, is that these Wall Street players are being blamed for the mess we’re in. To the extent they took advantage of laws that enabled them, I find it very problematic. I do however recognize the root of that problem, and it lays at the feet of people like Barney Frank.
How that man and his fellow travelers can sit there on Capital Hill (or the White House) and blame big Wall Street players is beyond me. Didn’t they set up the rules that allowed these firms to operate? Didn’t they set up the rules that not only allowed, but actually forced major lending firms to extend non-repayable loans? Didn’t they make rules that allowed the bundling of worthless paper?
When the collapse that was inevitable did occur, didn’t they bail out the Wall Street firms? And then didn’t they blame those Wall Street players for playing inside the rules they set up?
A thriving economy needs capital. It needs a “Wall Street”. What we have seen is a concerted effort to destroy our Wall Street. That effort is ongoing, because a lot of the bailed out mortgages are being bailed out for people who don’t have the slightest ability to service them. The next wave will come... and it’s not going to be Goldman-Sachs that caused it.
To my way of thinking, we are biting the bait of the leftists when we trash organizations like Goldman-Sachs. They don’t want a free market economy, and they are doing their best to destroy the reputation of that free market economy. If Barney Frank and his fellow travelers didn’t like what Goldman-Sachs was doing, they could have prevented it. Did they?
When Fanny Mae and Freddie Mac were buying up bad loans, did these brain-trusts step in to make sure sound fiscal policy was returned to? Hell no. They fought Bush when he expressed an interest in fixing things. I don’t think he tried very hard either, but lets get real. Wall Street didn’t break rules to do what they did.
That being the case, why are we marching on Wall Street when we should be marching on Congress?
Who is it that is destroying the value of our money? It sure isn’t Goldman-Sachs.
All Bush had to do was make it clear that there would be no bailouts, that no one was too big to fail.
TARP was the template for everything Obama has done to the economy since he was sworn in.
And, please check my tag line.
While I agree with you, the demise of companies like Goldman-Sachs would not have been impact free.
My complaints with Bush are these. He didn’t make a massive stink out of what was taking place long before the crash. He did implement TARP.
I will say that by the time TARP was initiated, it was too late for the nation. It was screwed no matter what.
You know, I detest what the Democrats facilitated by choice, but I am furious with the Republicans who controlled Congress for eight years, and did nothing to avoid the calamity.
We’ve been screwed blued and tattooed by both parties.
“While I agree with you, the demise of companies like Goldman-Sachs would not have been impact free.
My complaints with Bush are these. He didn’t make a massive stink out of what was taking place long before the crash. He did implement TARP.
I will say that by the time TARP was initiated, it was too late for the nation. It was screwed no matter what.
You know, I detest what the Democrats facilitated by choice, but I am furious with the Republicans who controlled Congress for eight years, and did nothing to avoid the calamity.
We’ve been screwed blued and tattooed by both parties.”
_____
Elephants and Asses, screwing the masses....:<)
Elephants and Asses, screwing the masses! The Tea Party reulted from this revelation. 2010 will be a bloodbath for Ds & Rs!
So true, and kudos to you. ;-)
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