Wednesday, November 28, 2012

The Vampires

Having been bailed out by after a Wall Street-driven financial crash instead of a thank-you, they are showing their appreciation in the form of a coordinated effort to rob Americans of hard-earned retirements, decent medical care and relief for the poorest. Using the excuse of a phony, manufactured crisis known as the “fiscal cliff” the rich are gearing up to pull the wool over the public’s eyes by cutting Social Security, Medicare and Medicaid.

 Lloyd Blankfein, chairman and CEO, GoldmanSachs, infamous for describing his financial activities as “God’s work,” recently explained that “You’re going to have to do something, undoubtedly, to lower people’s expectations of what they’re going to get, the entitlements, and what people think they’re going to get, because you’re not going to get it.”

The Greek prime minister Lucas Papademos, Bush's Treasury Secretary Henry Paulsen in the United States, the head of the European Central Bank, Mario Draghi,and Mark Carney, the nrw Bank of England governor all have one thing in common. All were former executives of Goldman Sachs. All assumed prominent positions of power, and all played a hand after the global financial meltdown of 2007-08.

In 2001, Goldman Sachs secretly helped Greece hide billions of dollars through the use of complex financial instruments like credit default swaps. This allowed Greece to meet the baseline requirements to enter the Eurozone in the first place. But it also created a debt bubble that would later explode and bring about the current economic crisis.  The man who headed up the Central Bank of Greece while this deal was being arranged with Goldman was Lucas Papademos. GoldmanSachs helps a nation hide a problem and sell its debt until the problem blows up and bursts then Goldman Sachs then puts their ‘man’ into a position of power to direct the bailouts so that Goldman gets all its money back and more, while the nation's economy gets looted.

 Why are the working people of Europe and America suffering under austerity and being asked to sacrifice their pensions, their wages, and their jobs? It’s because Goldman Sachs is sucking the last remaining wealth out of those nations to recoup whatever failed investments they made before the Crash. Why have thousands of homeowners in the United States  faced home foreclosure?  It’s because re-writing mortgages would force banks like Goldman Sachs to take a loss. Why have the banksters at Goldman Sachs not been thrown in jail for defrauding customers, manipulating LIBOR interest rates. Goldman Sachs executives, get a slap on the wrist when they steal $50 billion.

Trader Alessio Rastani told the BBC “We don't really care about having a fixed economy, having a fixed situation, our job is to make money from it…Personally, I've been dreaming of this moment for three years. I go to bed every night and I dream of another recession.” Rastani continued, “When the market crashes... if you know what to do, if you have the right plan set up, you can make a lot of money from this.” Rastani bluntly told the BBC, “This is not a time right now for wishful thinking that governments are going to sort things out. The governments don't rule the world, Goldman Sachs rules the world.”

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