Tag: They are all a bunch of bastards

The End – How Wall Street Did Itself In | Portfolio.com

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ded bull

I just reread this piece and decided to share it. If you were wondering how we got where we are today, this article combined with Matt Taibbi’s “Great Bubble Machine” (next article) will provide you with every thing you need to know.

To this day, the willingness of a Wall Street investment bank to pay me hundreds of thousands of dollars to dispense investment advice to grownups remains a mystery to me. I was 24 years old, with no experience of, or particular interest in, guessing which stocks and bonds would rise and which would fall. The essential function of Wall Street is to allocate capital—to decide who should get it and who should not. Believe me when I tell you that I hadn’t the first clue.

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The Great American Bubble Machine | Rolling Stone

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Same As It Ever Was.
Same As It Ever Was.

Another post on our blog, ‘The End’ by Michael Lewis, is  prologue for this piece. It’s instructive and frightening. Especially when you take in to account the number of individuals setting American financial policy that have come from Goldman Sachs.

The Great American Bubble Machine

From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression – and they’re about to do it again

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Time Magazine’s Justin Fox: “Some Financial Market Conspiracies Are Real” | zero hedge

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If you’ve swallowed the blue pill, this article will be too strong:

Tyler Durden at Zero Hedge blew the whistle on Goldman’s high-frequency trading and other frontrunning activities, and has also been called a conspiracy theorist.

PhD economist, former Assistant Secretary of the Treasury, and former Wall Street Journal editor Paul Craig Roberts says that the government and mainstream media are lying to the American public about how bad the economic situation really is.

PhD economist Dean Baker said in February that the true purpose of the bank rescues is “a massive redistribution of wealth to the bank shareholders and their top executives”.

PhD economist Michael Hudson says that the financial “parasites” have killed the American economy, and they are “sucking as much money out” as they can before “jumping ship”.

PhD economist Michel Chossudovsky says that the giant banks which received the most bailout money also finance a portion of the government’s debt, and are exercising their power as creditors to buy public assets for a song and to impose IMF-style austerity measures on the U.S. government.

If you want to understand so you can make a way for you and your loved ones read this.

Slipping off the Grid, or, How to Start A Revolution Without Even Trying | Peter Mehit

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The sixth person we know personally is about to lose their home. We know a lot of small business owners and they are being crushed out of existence between unmanageable debt and evaporating customers. How far they will go down, since the number of jobs employing their college educated skills is trending to zero, we do not know, but they are no longer property owners. This is bad for all of us.
Continue reading “Slipping off the Grid, or, How to Start A Revolution Without Even Trying | Peter Mehit” →