Big Banks Conspiracy Destroying America

Goldman Sachs Tower 011I’m increasingly wondering if Paul Farrell writes financial meltdown and banks are bad stories for the Wall Street Journal’s MarketWatch as a sort of crazy-man foil for the establishment writers on Mr. Murdoch’s payroll:

Imagine 100 Goldman Sachs banks running America and the world. It’s happening. Forget politicians, Big Banks rule the world.

It was just a few years ago in “The Great American Bubble Machine,” a Rolling Stone feature, that Goldman was indicted by Matt Taibbi: “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.”

Yes, till recently Goldman Sachs was boss, everywhere, the “world’s most powerful bank.” Taibbi: “From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression.” What an indictment.

Today every bank in the world is a Goldman wannabe. That’s capitalism at its peak. All competing to be the world’s most powerful bank. Seriously, look around: Your world really is dominated by this amazing new innovation emerging from capitalism — a bizarre conspiracy of Big Banks, maybe a hundred Goldman wannabes. These new Big Bank capitalists are rewriting the history of the world.

But we’re getting ahead of the story. Let’s review Goldman Sachs role in creating this new Big Banks Conspiracy.

Goldman Sachs, now the role-model for all global Big Banks

In “The Great Bubble Machine,” Taibbi says Goldman was the mastermind behind every great bubble in American history since it was founded in 1869 by Marcus Goldman and his son-in-law Samuel Sachs. Yes, one bank gets blamed for America’s amazing history: Bubble 1: the Great Depression. 2: tech stocks. 3: the housing craze. 4: $4 a gallon gas. 5: rigging the bailout … and now the latest Bubble 6: Global Warming…

[continues at MarketWatch]

majestic

Majestic is gadfly emeritus.

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10 Comments on "Big Banks Conspiracy Destroying America"

  1. Ted Heistman | Aug 7, 2013 at 10:08 am |

    Big Banks rule the World, artificial intelligence rules big banks. The Singularity is here.http://money.cnn.com/2013/07/08/investing/stock-market-citadel/index.html

    • Ted Heistman | Aug 7, 2013 at 10:13 am |

      From the above link:

      “”All the decisions are made by the computers,” Jamil Nazarali, Citadel’s
      head of electronic execution, told CNNMoney during an exclusive
      behind-the-scenes tour. “The people here are not making any decisions
      with respect to whether an order should be filled or at what price it
      should be filled. That’s all done in an automated way.”

    • tsisageya 1 | Aug 8, 2013 at 7:06 pm |

      Big banks rule the world only because we think they do.

      http://www.youtube.com/watch?v=Ll3uipTO-4A

      After all, what is money?

  2. Liam_McGonagle | Aug 7, 2013 at 10:20 am |

    Perhaps it would be closer to the experiential truth to say that the banks “have already destroyed” America.

    Henceforth in these posts, that former geopolitical community shall be referred to as “SHAM-erica”, being a portmanteau of “sham” and “America” and aptly invoking the characteristics of falsity and insubstantiality apertaining to the similarly sounding word “chimera”.

  3. Cortacespedes | Aug 7, 2013 at 10:39 am |

    It would seem that Goldman Sachs is now wanting to jam its “blood funnel” into preschoolers. http://dealbook.nytimes.com/2013/06/12/goldman-to-invest-in-utah-preschool-program/?_r=0
    Maybe that will lift them above “second stringer” status.

    • tsisageya 1 | Aug 8, 2013 at 7:19 pm |

      It’s too bad that we really have no power. What a shame.<—sarcasm, irony, whatever the proper word is.

      WE'RE SO HELPLESS!!! Whatever shall we do?

  4. emperorreagan | Aug 7, 2013 at 12:29 pm |

    Goldman Sachs rules everything around me, GSREAM?

    • tsisageya 1 | Aug 8, 2013 at 7:13 pm |

      Who rules us? And why do they? I’m so curious about the motherfucking human condition. Pardon my French.

  5. tsisageya 1 | Aug 8, 2013 at 7:02 pm |

    I can’t even read beyond the headline. There is no BIG BANKS CONSPIRACY. There is only BEND OVER, WE WILL FUCK YOU NOW. There is no conspiracy. Sorry if I misunderstand.

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