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Goldman Sachs is at it Again

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Barroso José Manuel

More than 75,000 people have signed their names to a petition protesting against the appointment of former European Union leader José Manuel Barroso to the investment bank Goldman Sachs. The outrage demonstrates what I have warned about — the peak in public confidence in government and banks is now in place. Goldman Sachs has gone too far. This move is being called “irresponsible” and “morally reprehensible.” This is all about buying influence. NO former politician is worth their weight in peanuts, no less money. Before he joined the commission, Barroso also served as Portugal’s Prime Minister from 2002-2004.

Proprietary Trading 31.4 Years

This all began in 1981 when PHIBRO, the company that made the money from the commodity rally into 1980, took over Wall Street by buying the biggest bond house, Salomon Brothers. By 1991, the first scandal erupted as the commodity boys took over Wall Street and brought their manipulations to the world of finance. Goldman Sachs took over J.Aaron, a commodity house from which Lyod Blankfein began, a few months later. It was 31.4 years from that first step to the demise that required the biggest bailout in history to save their ass. When Salomon Brothers was being shut down for manipulating the Treasury bond market, Goldman Sachs realized that they too could be on the ropes.

Rubin-ROBERTGoldman Sachs bought the Clintons and stuffed in Robert Rubin as the 70th Treasury Secretary from January 11, 1995 – July 2, 1999, just long enough to get Glass-Steagall repealed, and then Rubin left with the ability to sell all his stock tax-free. Next came Hank Paulson who became the 74th US Secretary of Treasury under George Bush from July 10, 2006 – January 20, 2009. Paulson made sure that Bear Stearns and Lehman Brothers collapsed to reduce the competition for Goldman Sachs. Paulson claimed he lacked the authority, but the next day he bailed out an insurance company, AIG, because they would default on Goldman Sachs even though the office writing the insurance was in London, not even the United States.

Goldman Sachs has hired top politicians for influence. They offer nothing from an economic perspective. So this latest hire of Barroso is right in line. What is fascinating is the tide has turned. Goldman Sachs has become the real evil empire. So while people keep talking about Rothschilds and Morgan, these may be deliberate diversions to distract people from the real mover and shaker — Goldman Sachs.