Goldman Sachs: Master of the Universe

The status applies to all Wall Street giants, none, however, the equal of Goldman, the Grand Master. Like the fabled comic book Superman hero, it's:
-- faster than its competitors, thanks to its proprietary software ability to front run markets (illegal, but no matter);
-- more powerful than the government it controls; and
-- able to leap past competitors, given its special status.
Founded in 1869, GS calls itself "a leading global investment banking, securities and investment management firm that provides a wide range of services worldwide."
Since going public in 1999, the same year Glass-Steagall ended letting banks, insurers and securities companies combine, GS became a giant hedge fund trading against the advice given clients with the full faith and blessing of Washington - the same thing other Street giants did and profited handsomely.
In his April 17 article headlined, "Goldman Sachs Vampire Squid Gets Handcuffed," L. Randall Wray noted SEC laxity for years, "managing to sleep through every bubble and bust in recent memory," and saying Goldman acts above the law "since it took over Washington during the Clinton years." Their criminal behavior is nothing new. It's their established business model, the reason it's been immersed in nearly all financial scandals since the 19th century.


"When bad men combine, the good must associate; else they will fall one by one, an unpitied sacrifice in a contemptible struggle." ~ 















Any world is an illusion, but within illusion, another world, a better world, seems possible. In the material world, the one we think is real, the divide between the 'left' and 'right' is an artificial one. This divide serves to keep us separate from each other and prevents us from seeing clearly that we in fact have shared interests and a common enemy. A better way to approach economy, politics, culture and society would be to take note of the ways in which our societies are divided horizontally: the interests of the few (the elite) and the many (ordinary people). The elite wants to oppress and exploit the rest of us. In a material sense, they are our enemy. They are working to establish a One World Company, aka a totalitarian New World Order. World government is the last thing ordinary people need. We need free and open communities with equal rights for everyone and a profound respect for the many differences between us. We want freedom rather than security. We want peace, not war. Above all else, we want truth, dignity and justice. ~ The Editor

