I saw Beck's program addressing this. Frightening. On Jul 15, 9:17 pm, Jim Willis <[email protected]> wrote: > To be honest; I had to be dragged, kicking and screaming into this > latest postulation. After all, though I have the aptitude to construct > any literary composition into unqualified brilliance; an intellectual > honesty requires of me passionate fidelity to educated honesty. > > To wit; on the back burner of my slothful and mostly incompetent > staff, “excluding the hard work and diligence of Travis” has slowly > simmered the relationship between the Federal Reserve and Goldman > Sachs. Thankfully Glenn Beck and company jogged my memory with a half- > hearted attempt at explaining this incestuous cabal and prompted the > beating of said staffers into action. > > Yet, make no mistake; there belies a panoply of career risks to the > author. Because, as everyone knows, we evil conservatives are all > protecting of malevolent mega-corporations. And…explaining economics > to the 54% of thumb sucking, Oprah watching, wine cooler drinking, > quiche baking, sushi eating, and tweed jacket twerps that voted for > the Bamster. It’s akin to explaining the shrinkage of space as the > speed of light is approached to monkey eating Mubuti pygmies. > > Still; I try. Most oft misunderstood is the relationship between > Goldman and the Fed. The general thought is that of a symbiotic, > incestuous convergence of like minded money grabbers. Not so Skippy; > Goldman Sachs is the Federal Reserve…and visa versa. > > Let us begin at the most recent history. On September 15th 2008, in > the span of three hours, someone(s) or some financial enmity entity > began, “cashing out” $billions of dollars in the equity markets. {The > market in which shares are issued and traded, either through exchanges > or over-the-counter markets. Also known as the stock market, it is one > of the most vital areas of a market economy because it gives companies > access to capital and investors a slice of ownership in a company with > the potential to realize gains based on its future performance} In > just over three hours over $500 billion dollars was removed from the > markets causing gentle Ben Bernake, “former Goldman executive” and > chairman of the Federal Reserve along with the treasury secretary Hank > Paulson, “former Goldman Sachs CEO” to rush into President Bush’s > office, flushed and panting, hair on fire, well…scalp on fire and > frantically inform the President that the American way of life would > end by the close of that days business unless these two hair club for > men rejects could infuse the capital markets with $trillions of > dollars, jiffy quick. In an unrelated story; the presidential > campaign, on that day, for some odd reason, changed. The most pressing > of issues had been the war in Iraq…yet; now the economy and its > certain demise became most topical and pressing. Advantage Democrat > and one Kenya native…you guessed it, Barry the Bolshevik. > > Most prevalent in the fiduciary school of thought is that a scheme > this enormous had to have been orchestrated by a government. Most > postulated was a Saudi cabal or a Russian conspiracy. Yet…overlooked > was the influence of Goldman and its infinite access to capital via > the Feds discount window. The simplest evidence is that most often > overlooked. On that day, “September 15th, 2008” Goldman executed just > over 46,000,000 trades. In a completely unrelated story a former > Goldman Sachs employee was recently released on bond for stealing > computer code that allowed for such massive trading. Bloomberg news > reported that the prosecutor alleged that were this code to be used by > any corporate interest, “other than Goldman” it could wreak havoc on > the markets and open the possibility of mischief in the markets. > Bloomberg reports, “The bank has raised the possibility that there is > a danger that somebody who knew how to use this program could use it > to manipulate markets in unfair ways,” Facciponti said, “according to > a recording of the hearing made public yesterday”. “The copy in > Germany is still out there, and we at this time do not know who else > has access to it.” Yet, though others, using this software could > manipulate the markets…nah, Goldman wouldn’t think of such > malevolence. Still, they did just post $3billion dollars in profit > during the largest downturn in the American economy since the great > depression… Just a coincidence, to be sure. > > The Flushing of our Economy > > Never mind that the pin-prick in the housing bubble came from Goldman, > and the free money policies of the Fed exacerbated an oligarchy > committed to, “moving on up” the Jefferson’s into homes they could > never afford. The gist of the pseudo-governmental groin kick to Wall > Street was the hands-off, no nonsense approach to capitalism that > allowed Lehman Bros. to fail, Bear Stearns to go belly up and left AIG > in the lurch. In an unrelated story, Lehman and Bear Stearns were the > only competitors of Goldman Sachs and AIG was indebted to Goldman to > the tune of $13 Billion dollars. So…naturally, Lehman and Bear were > allowed to fail; AIG was secretly bailed out with the proviso that > Goldman was to be paid their $13 billion before the ink was dry from > the treasury debit card transaction, via the Fed. > > Strange Bedfellows > > Never mind that the new, “must have, right now” treasury secretary, > little Timmy Geithner, former New York Federal Reserve chief and > former Goldman Sachs executive jumped on the nearest soapbox in a > declarative statement opined that AIG represented a systemic risk, and > must be saved. He then proceeded to tank AIG as insolvent and pursued > the paying of debtors, first and foremost, Goldman Sachs. > > AIG, “American International Group” mostly an insurer of state risks, > credit defaults and chicken thieves was extended $ 113 billion dollars > to basically do what the treasury and the Federal Reserve could not. > That is, infuse their holders of debt with genuine greenbacks. AIG was > never too big to fail; it simply owed money to those who would make > you an offer that you could never refuse. > > The Metamorphosis > > Goldman Sachs, as a company, a corporation; since its inception from a > Jewish-German immigrant founder has been an investment bank… or more > simply put; a speculator of equity markets… has come a long way. They > have entwined themselves so indecently with the Fed as to question > where one ends and the other begins. They have access to economic > data, “via the fed” that allows them to trade in milliseconds and > leave perplexed the Wall Street laggards that exalt them as the second > coming. > > In the United States House of Representatives over 200 elected leeches > have signed on to a bill that would require the Federal Reserve to > open their books and be the transparent governmental sponsored entity > that B. Hussein Bamster’s teleprompter promised we would have. Yet; > the Democrat leadership will not allow a floor vote. Democrats and > Republicans a like have demanded that little Timmy Geithner account > for $Two Trillion dollars that have yet been spent, but unaccounted > for. > > This is a scam; Goldman has taken over the Fed with the acquiescence’s > of the Fed, as they feed at the feet of Goldman Sachs. Not to mention > that all of the players, minus ex-CEO of Goldman Hank Paulson, are > former or current Goldman Sachs employees, of course none of this is > related; only a coincidence. > Conservative Springfield Staff Writer --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum
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