By Jamie Douglas
Woke up, Got out bed, had no need to drag a comb across my head (lack of substantial mass), but I opened my mail and went to my usual sites, and I’ll be damned, there was a banker at Goldman Sachs and Co. who has a conscience! His name is Greg Smith and he was the executive director of Goldman Sachs’ US equity derivatives business in Europe, the Middle East, and Africa.
Greg has been with the firm for many years, having started there as an unpaid intern over 12 years ago. One could safely surmise that Mr. Smith has some insights into how these evil greedy firms work. While the US Supreme Court ruled in Citizens United v. Federal Election Commission that corporations are people, a decision that will forever taint the legacy of the Roberts Court, corporations are people without a conscience, without allegiance to anyone except the mighty buck.
In that realm we experienced the energy manipulation conducted by Enron energy traders, who while sitting on their asses in air conditioned towers, and were laughing said asses off loudly and on tape about senior citizens not being able to survive the heat wave when their electricity was cut or rationed and how they brought the entire state of California to its knees by not allocating sufficient amounts of energy, even though it was available. There was no shortage, it was all a high stakes fraud perpetrated by USA Inc. against its citizens.
They certainly made a good point for nationalization of the energy grid. Lesson not learned. Every day that goes by, Goldman Sachs and their cohorts are busy squeezing the life out of the planet’s working class. While the working classes are sleeping, traders from the evil empire are busy buying and selling energy contracts in the Far East’s vast unregulated markets. Then, having manipulated the markets there, the secret trades in Ireland come awake, hours before London trading officially starts, and then the whole operation moves across the Atlantic to New York and Chicago.
The opportunist traders at Goldman Sachs are the ones who are responsible for the high gas prices now. It is not Obama or any world leader. It is the free enterprise system, which allows the traders of all these financial products to fleece what they call “the Muppets,” for millions if not billions every day. It has nothing to do with Iran, even though the big news networks like Fox and CNN would have you believe that WWIII will start any moment.
It will, if Israel is arrogant enough to attack Iran again, like they have before. But this time there will be consequences. There is Turkey, Russia, China, Brazil, and let us not forget Saudi Arabia. Israel may have 400 nuclear weapons at their disposal, but should they use them, it will be the end of the Jewish State. Regardless of what side you are on, using nuclear weapons is a clear no no!
The US has been busy making huge profits from arms sales to every nation in the region, and the House of Saud is so saturated with F-16s and all kinds of munitions and war materiel that Israel would be suicidal to attempt to start a war in the region, even with the help of Goldman Sachs, which finances many a transaction for weapons by means of sovereign bonds. Who cares if the nations get destroyed? The bonds are immediately bundled with others and sold to the Muppets!
I am certain that a lot you will not appreciate my corporate bashing, but I urge you to read Greg Smith’s resignation letter. It is a sign of capitalism gone wild. There are no more rules. Nobody has a conscience anymore. It makes me nauseous to read stuff like that.
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