By now, most people in the “inner circle” of truth (far from the Madison Avenue propaganda mill) know full well that GOLDMAN SACHS was largely responsible for the global economic crash of 2008. As Janet Tavakoli summarizes::

Goldman’s public disclosures in September 2008 obscured its contribution to AIG’s near bankruptcy and the need to bailout Goldman’s trading partners in AIG related transactions. Goldman’s trading activities played a starring role in the near collapse of the global markets.  

But I would say that she is actually a bit soft on Goldman’s hedging of so called “AAA” CDO’s it originally wrote and sold to international buyers for fees and profit, then marked down to 67.5%. There is fraud here, pure and simple, obfuscated by “complexity”. Goldman shorted its own recommendations, then screwed its customers over risks it helped to hide, while alternately hedging against them. In essence, these bastards invented a new RICOH violation through the use of a new financial product, derivatives, to produce a new criminal scam. 

Furthermore, Goldman exemplifies a “too big to compete fairly” doctrine which countermines “too big to fail” in that primary dealers have the economic market advantage which allows them to unfairly manipulate risk in an increasingly manipulated market. Goldman, JP Morgan and a few other TBTF banks can easily create their own fortunes out of market manipulation. And much of this manipulation is tantamount to fraud, collusion, and the entire litany of traditional RICOH violations.

When the U.S. finally succombs to its own unsustainable debt service in the next few years it will be the unpredicted default event of the millenium, as far as derivative contracts written a few years ago. Who do you think will remain standing to benefit by that default? Who will the US Government turn to? It’s States or the IMF? Actions taking place today will decide that fate, but it will be a very long road to true recovery either way.

Nonetheless, our Government protects their Wall Street cronies as they dole out an average $250,000 bonus for crimes perpetrated against humanity. And this is the policy of the American Government, which it attempts to soften with behaviorist propaganda regarding a recovery fantasy and a short term DOW/401 K spike.

How long before the crushing blow comes to the American psyche that our leadership is tainted with evil intent, moral abandon, corruption and thievery – the very charges that radical Islamists levy against us – and yet We the People, who by and large disagree with both the immoral policies of our leaders and the radical Islamic reaction to it, are powerless to do anything about it. What a shameful embarassment this is for patriotic Americans.

The US Government should learn that “my enemy’s enemy is my friend” puts the American people between a conscientious objection rock, and an outright rebellion hard place. We really need to get some honest people into high places before the next leg down hits.

Meanwhile, our STATE’s are the governance of last recourse, and the only remaining hope of restoring the United States of our American Constitution.

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