With many thanks to Kaboom, this (relatively old) article puts the global financial crisis and Turnbull’s support of an emissions trading scheme into disturbing context. Remember, Turnbull made his money at Goldman Sachs.
Not that making money is a bad thing… in principle.
Yet, some players bet on the Internet bubble, the housing, er, bust, the huge rise in oil prices (despite lower demand and greater supply), and now?
Thin air. Taxing thin air. Regulating thin air.
It’s called Cap n’ Trade.
But who are they? They made a lot whilst most lost a lot. It would be good to know since they’ve made a lot of money so far and are poised to make a lot more.
They, allegedly, are Goldman Sachs, and as the article shows, “they” are everywhere… but now we know where, kk (that’s Korean for LOL).
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. In fact, the history of the recent financial crisis, which doubles as a history of the rapid decline and fall of the suddenly swindled dry American empire, reads like a Who’s Who of Goldman Sachs graduates.
The bank’s unprecedented reach and power have enabled it to turn all of America into a giant pumpanddump scam, manipulating whole economic sectors for years at a time, moving the dice game as this or that market collapses, and all the time gorging itself on the unseen costs that are breaking families everywhere — high gas prices, rising consumercredit rates, halfeaten pension funds, mass layoffs, future taxes to pay off bailouts. All that money that you’re losing, it’s going somewhere, and in both a literal and a figurative sense, Goldman Sachs is where it’s going: The bank is a huge, highly sophisticated engine for converting the useful, deployed wealth of society into the least useful, most wasteful and insoluble substance on Earth — pure profit for rich individuals.
And here’s the real punch line. After playing an intimate role in four historic bubble catastrophes, after helping $5 trillion in wealth disappear from the NASDAQ, after pawning off thousands of toxic mortgages on pensioners and cities, after helping to drive the price of gas up to $4 a gallon and to push 100 million people around the world into hunger, after securing tens of billions of taxpayer dollars through a series of bailouts overseen by its former CEO, what did Goldman Sachs give back to the people of the United States in 2008?
Fourteen million dollars.
But here’s the catch. The last century saw unprecedented advancements in technology and the average standard of living. That’s bing’s opinion, anyway.
Hmmm. But historically, we’ve witnessed societies decline. Continually robbing people could perhaps help facilitate that. Not that anyone is accusing Goldman Sachs of that – I invest myself – but perhaps it would be wise – long term wise – for Goldman Sachs to reiterate their “long term greed” strategy, and exactly what it means, and to clarify if or if not this is their current strategy… and why or why not…
Right, Left, or wrong, there are a lot of people out there concerned that the West is in decline. Not really a huge stretch of the imagination, especially for those who studied history in high school. This concern is not being adequately addressed.
Anyone who who knows anything about history would know making short term gains for long term pain is fucked. Perhaps not for certain individuals, but certainly for society and most likely for thus that said individual’s descendants.
Sure, we have increased technology, but what about the principles behind it?
(Isn’t it ironic how capitalism and socialism mix sometimes?)
Anyway, I think this is part of what we’re talking about when we talk about the decline of the West.
The linked article ties in directly to the money and power page on this blog.
That Malcolm Turnbull is an ex Goldman Sachs employee, and a major one at that, and that he’ co-opting Australia’s ETS aka CPRS, and that, it if nothing else will help bankers ($$$) at firms such as Goldman Sachs… IT JUST REEKS.
IT IS FETID.
And please, do take the time to read the original article.
No one at Tizona’s is against money, or capitalism. But we are against being conned by an ETS scheme, that Turnbull agreed to, that could directly benefit his ex-workmates who, according to the linked article, were allegedly implicit in implementing.
And please prove me wrong – with argument, not lawsuits – that Malcolm Turnbull is trashing the alternative voice.
What next? The moon? Done. Mars? Hmm, getting there. Europa (not to be confused wit the EU).
It’s gangsta stuff that makes Capone look like an amateur.
Just one thing… The entire century Goldman Sachs was allegedly doing this kind of stuff, the standard of living skyrocketed, pardon the pun.
Kabs can go shove it. 😉 It’s actually been Colin who’s, exasperatedly, been alerting us to this for months. Sorry, Colin.