The Goldman Sachs Conspiracy

[Northern Boy]

here is an interesting article about Goldman Sachs and the steps they have taken to become the dominate holder of power in the U.S and Europe .


http://www.scribd.com/doc/14227076/B...he-Curtain4909

[Steve_A]

Hi Northern Boy,

I was just reading about Goldman Sachs just now about haw they cooked the books to give a first quarter profit this year. They left out December!

"Goldman Sachs reported a profit of $1.8 billion in the first quarter, and plans to sell $5 billion in stock and get out of the government’s clutches, if it can.

How did it do that? One way was to hide a lot of losses in not-so-plain sight.

Goldman’s 2008 fiscal year ended Nov. 30. This year the company is switching to a calendar year. The leaves December as an orphan month, one that will be largely ignored. In Goldman’s earnings statement, and in most of the news reports, the quarter ended March 31 is compared to the quarter last year that ended in February.

The orphan month featured — surprise — lots of write-offs. The pretax loss was $1.3 billion, and the after-tax loss was $780 million.

Would the firm have had a profit if it had stuck to its old calendar, and had to include December and exclude March?"

http://norris.blogs.nytimes.com/2009...missing-month/

Best regards,

Steve

Originally Posted by Northern Boy

here is an interesting article about Goldman Sachs and the steps they have taken to become the dominate holder of power in the U.S and Europe .


http://www.scribd.com/doc/14227076/B...he-Curtain4909

[Northern Boy]

If you read the link I`ve posted nearly every financial institution has at its head a former Goldman Sachs executive and they donated over $880,000 to Obama`s campaign . Many were given Administration Jobs after the inauguration. Yes it seems they had an 11 month year there will the SEC or any other agency investigate ...........Nope .

[orthodoxymoron]

I'm very conflicted! I like laissez faire capitalism...and the constitutional political system in the U.S. But it seems to be very, very corrupt. Campaign contributions are an expression of free speech. But corrupt business people tend to make a lot of money...and then make a lot of campaign contributions. This wins them access and favors which honest business people and 'little' people can't get. If you are rich...you can even get away with murder. Ask OJ. Somehow, there needs to be a much better system of refereeing, and for enforcing the rules. Success in Washington D.C. and in any courtroom in America should not be determined by how much money one has. Every idea and case should be weighed and judged on it's merits...not by how much money is being passed under the table, or contributed to a campaign. Again, the rules need to be refined and sharpened...and the referees need to be placed on steroids. Then...a lot of people need to be fired, voted out of office, sent to prison, etc, etc. I hope someone is taking very careful notes of all the bs that's going on right now. I do know that there are unseen observers who don't miss a thing.
Crime will not pay on judgment day. 2012?

[THE eXchanger]

this is very important information -- thanks for posting it

[Barron]

Yes, Goldman Sachs links to the US Govt run deep! Even Paulson was ext Goldman Sachs.
If you research Bilderberg members nad who controls the planet they keep coming up! In fact the recent a Peter Sutherland of Goldman Sachs Int'l in London is chairman of Goldman Sachs and British Petroleum. And did you know Goldman Sachs set up the I.C.E. (International Commodities Exchange in London to trade their oil contracts??!! Seeing a link yet between Goldman Sachs and oil price manipulation?!

In 2000 Rumsfeld and Sutherland earned a bit of pocket money by serving together on the board of the Swiss Energy Company ABB. Their secret alliance became public knowledge when it was disclosed that ABB sold two light-water nuclear reactors to an active member of the "axis of evil", - North Korea!!!

Goldman Sachs in my opinion are the most corrupt financial institution out there. Followed by JP Morgan and up until recent times i would have thrown Morgan Stanley in there too. Warburg is nasty too.

People interested in the financial mess really should look up:
www.marketoracle.co.uk and www.webofdebt.com and the top book by Ed griffin called The Creature from Jekyll Island. see http://www.realityzone.com/creature.html

Cheers
Barron

[Noela]

This may be slightly off the thread's topic - if so
I apologise.

Snippets from an article in today's "Observer",
Sun.19th April, by Will Hutton.

Will Hutton is a well-known commentator on
political and economic issues and (I.M.O.)
usually makes pretty good sense.

"For this recession is palpably the result of the
collapse of what was, in effect, a gigantic pyramid debt selling scheme. The City's (i.e. London's) rise was feted
by politicians across the political spectrum,.......
confusing Ponzi finance as innovation and creativity.

"The desire to stick to orthodoxy, though, is very
strong, even if it has ended in disaster. What is
striking about the last 20 months is how unwilling bankers, regulators, officials and ministers have been
to accept that the free market of the last 30 years is redundant, intellectually and financially.

"Nor have the bankrs really learnt any lessons.
In the US, Goldman Sachs and JP Morgan Chase
want to pay off the US government's investment
and get back to what they were doing, the state
that created the crisis.So do their British
counterparts.

"We need the state to build a banking system that
supports enterprise and innovation, rather than
making fortunes for its personnel from gigantic
Ponzi schmes.

"THE OLD BUSINESS MODEL IS BUST." (my caps.)

[Humble Janitor]

In other words, the banker fools like this merry-go-round so much, they're not willing to get off of it, even if it means destoying the world.