Difference between revisions of "Goldman Sachs"

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Part of the business model of Goldman Sachs, along with countless other investment banks, has been to trade debt obligations for profit.  As part of this strategy, Goldman Sachs purchsed consolidated mortgage loan obligations from lenders and sold the repackaged obligations to other banks and financial institutions at a profit.  As part of the repackaging, low expectations of loan repayment were hidden, encouraging Goldman Sachs' clients to purchase the loan obligations without fully understanding how unlikely it was that mortgage holders would actually pay those loans back.  As more and more mortgage holders defaulted, the companies Goldman Sachs had sold loan obligations to began to lose money, and as these companies were clients of Goldman Sachs, so did Goldman Sachs.
 
Part of the business model of Goldman Sachs, along with countless other investment banks, has been to trade debt obligations for profit.  As part of this strategy, Goldman Sachs purchsed consolidated mortgage loan obligations from lenders and sold the repackaged obligations to other banks and financial institutions at a profit.  As part of the repackaging, low expectations of loan repayment were hidden, encouraging Goldman Sachs' clients to purchase the loan obligations without fully understanding how unlikely it was that mortgage holders would actually pay those loans back.  As more and more mortgage holders defaulted, the companies Goldman Sachs had sold loan obligations to began to lose money, and as these companies were clients of Goldman Sachs, so did Goldman Sachs.
  
 +
==Controversy and Antisemitism==
 +
There is no doubt that actions taken by Goldman Sachs employees had a part in causing the financial crisis of the late 2000s.  Furthermore, actions taken by former Goldman Sachs employees, like [[Henry Paulson]], likely worsened the recession. 
 +
 +
Nevertheless, the media has given an inordinate amount of attention to Goldman Sachs, with strong accusations of economic tampering, criticism of their business practices, and outrage over bonuses paid to executives.  While other companies, which were arguably at least as responsible for the recession as Goldman Sachs ([[AIG]] is a great example), have received some media scrutiny, no company has been as violently attacked as Goldman Sachs.  This has led some to accuse those in the media of [[antisemitism]] against the company, due to its name.<ref>http://www.thedailybeast.com/blogs-and-stories/2009-08-20/goldman-execs-blame-anti-semitism/</ref>
 +
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==Quotes==
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* "Give me control of a nation's [[money]] and I care not who makes the laws." -- [[Mayer Amschel Rothschild]] of the [[Rothschild family]]
 +
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* "The [[Rothschilds]] are the wonders of modern [[banking]] ... we see the descendants of [[Judah]], after a persecution of two thousand years, peering above [[king]]s, rising higher than [[emperor]]s, and holding a whole continent in the hollow of their hands. The Rothschilds govern a [[Christian]] world. Not a cabinet moves without their advice. They stretch their hand, with equal ease, from [[Saint Petersburg|Petersburgh]] to [[Vienna]], from Vienna to [[Paris]], from Paris to [[London]], from London to [[Washington]]. Baron Rothschild, the head of the house, is the true king of Judah, the prince of the captivity, the [[Messiah]] so long looked for by this extraordinary people. He holds the keys of peace or [[war]], blessing or cursing. ... They are the brokers and counselors of the kings of [[Europe]] and of the [[republican]] chiefs of [[America]]. What more can they desire?"<ref>{{cite book|title=Weekly Register|url=http://books.google.com/books?id=wV8UAAAAYAAJ&pg=PA41|year=1836|page=41}}</ref>
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* "This multinational banking family is a byword for wealth, power – and discretion... The [[Rothschilds|Rothschild]] name has become synonymous with [[money]] and power to a degree that perhaps no other family has ever matched."<ref>''[[Daily Telegraph]]'',''The Rothschilds: They prefer to let their money do the talking'', William Langley, Published: 9:59&nbsp;pm BST 25 Oct 2008</ref>
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* "The one aim of these [[Category:Banksters|Banksters]] is [[New World Order|world control]] by the creation of inextinguishable [[debt]]." - [[Henry Ford]]
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* "[[Gold]] is the [[money]] of [[king]]s, [[silver]] is the money of gentlemen, [[barter]] is the money of [[peasant]]s and [[debt]] is the money of [[slave]]s." -- Traditional
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==See Also==
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* [[American economic history]]
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* [[Essay:Invest in tangibles]] - [[:Category:Survivalism|Economic preparedness]]
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* [[Inflation]] versus [[Interest rate]]s / [[Rate of return]]-[[Expected return]]
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* [[Self-directed IRA]] and [[IRA]], [[401(k)]], Roth IRA, [[403(b)]], [[Retirement]], [[Social security]]
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----
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* [[:Category:Banksters|Banksters]]: [[Quantitative easing]] of the [[Federal Reserve Bank]], [[MF Global]], [[Goldman Sachs]], [[AIG]], [[Rothschild family]], [[Bernie Madoff]]
 +
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* [[National debt]]: [[Debt Ceiling]]-[[Deficit spending]] and the [[Federal Reserve System]]'s [[Ponzi scheme]] of [[Quantitative easing]]-[[Debt monetization]] [[devaluation]] of [[Fiat currency]] through [[Money supply]]-[[Treasury bill]]s bought mostly by [[China]] and [[Japan]]
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[[File:Shovelready.jpg|right|250px]]
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* [[Globalization]], [[Globalism]], [[International Monetary Fund]], [[World Bank]]
 +
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* [[John Maynard Keynes]] [[liberal]] [[Keynesian economics]] and [[Fabian Socialism|Fabian Socialist]] influence on [[Barack Obama]]
 +
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* '''[[Big government | Big Government]]''': [[Liberal values|Liberal]] [[ObamaCare]]-[[Common Core]]-[[Social Security]] [[Welfare state]] leads to [[Nanny state]], leads to [[Gun control]], [[Militarization of police]], [[Asset forfeiture]] and Domestic [[mass surveillance]] of law-abiding [[citizen]]s via the '''[[Police state]]''': [[Globalist]]-[[United Nations]]-[[Statist]]-[[Socialist]]-[[National Socialist]]-[[Communist]]
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 +
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'''Contrast with:'''
 +
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* [[Ludwig von Mises]]' [[conservative]] [[libertarian]] [[Austrian economics]] and [[Fiscal conservatism]] -[[Capitalist]] [[Conservative economic policies]] of [[Ron Paul]]
  
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* [[Gold standard]] and [[precious metal]]s
  
−
==Controversy and Antisemitism==
+
* [[Essay:Invest in tangibles|Invest in tangibles]] for [[:Category:Survivalism|Economic preparedness]]
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* '''[[Limited government]]''' implies: [[Conservative values]]/[[Traditional values]] - [[Modern conservatism]] - [[Preparedness | Modern preparedness]] are the original [[American]] [[Patriot]] [[Founding Fathers]]' values
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* [[Modern preparedness]]: "[[if times get tough, or even if then don't]]", [[Debt is financial cancer]], [[Tax is theft]], [[Renewable energy]], [[Financial security]], [[You are in control of your life]]
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** [[Invest in tangibles]] - [[Rural]] [[farm]] [[land]], [[Tools]], [[Food storage]], [[Precious Metals]], [[Ammunition | Copper-jacketed lead]] and [[Firearms]]
  
−
There is no doubt that actions taken by Goldman Sachs employees had a part in causing the financial crisis of the late 2000s.  Furthermore, actions taken by former Goldman Sachs employees, like Henry Paulson, likely worsened the recession. 
+
** [[Agriculture]]-[[Permaculture]]: [[Growing your own food]], [[Food and water storage]]
  
−
Nevertheless, the media has given an inordinate amount of attention to Goldman Sachs, with strong accusations of economic tampering, criticism of their business practices, and outrage over bonuses paid to executives.  While other companies, which were arguably at least as responsible for the recession as Goldman Sachs ([[AIG]] is a great example), have received some media scrutiny, no company has been as violently attacked as Goldman Sachs.  This has led some to accuse those in the media of antisemitism against the company, due to its name.<ref>http://www.thedailybeast.com/blogs-and-stories/2009-08-20/goldman-execs-blame-anti-semitism/</ref>
 
  
 
==References==
 
==References==
−
{{reflist}}
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{{reflist|2}}  
  
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[[Category:Investments]]
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[[Category:Banksters]]
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[[Category:Criminals]]
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[[Category:Banks]]
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[[Category:Finance]]
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[[Category:Economics]]
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[[Category:Corruption]]
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[[Category:Deceit]]
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[[Category:Billionaires]]
 
[[Category:Economics]]
 
[[Category:Economics]]
 
[[Category:Companies]]
 
[[Category:Companies]]

Revision as of 07:56, December 10, 2014

Goldman Sachs logo.png

Goldman Sachs is a banking corporation whose business is investment banking and investment management, along with many other financial services.

Role in the Financial Crisis of 2008

Part of the business model of Goldman Sachs, along with countless other investment banks, has been to trade debt obligations for profit. As part of this strategy, Goldman Sachs purchsed consolidated mortgage loan obligations from lenders and sold the repackaged obligations to other banks and financial institutions at a profit. As part of the repackaging, low expectations of loan repayment were hidden, encouraging Goldman Sachs' clients to purchase the loan obligations without fully understanding how unlikely it was that mortgage holders would actually pay those loans back. As more and more mortgage holders defaulted, the companies Goldman Sachs had sold loan obligations to began to lose money, and as these companies were clients of Goldman Sachs, so did Goldman Sachs.

Controversy and Antisemitism

There is no doubt that actions taken by Goldman Sachs employees had a part in causing the financial crisis of the late 2000s. Furthermore, actions taken by former Goldman Sachs employees, like Henry Paulson, likely worsened the recession.

Nevertheless, the media has given an inordinate amount of attention to Goldman Sachs, with strong accusations of economic tampering, criticism of their business practices, and outrage over bonuses paid to executives. While other companies, which were arguably at least as responsible for the recession as Goldman Sachs (AIG is a great example), have received some media scrutiny, no company has been as violently attacked as Goldman Sachs. This has led some to accuse those in the media of antisemitism against the company, due to its name.[1]

Quotes

  • "The Rothschilds are the wonders of modern banking ... we see the descendants of Judah, after a persecution of two thousand years, peering above kings, rising higher than emperors, and holding a whole continent in the hollow of their hands. The Rothschilds govern a Christian world. Not a cabinet moves without their advice. They stretch their hand, with equal ease, from Petersburgh to Vienna, from Vienna to Paris, from Paris to London, from London to Washington. Baron Rothschild, the head of the house, is the true king of Judah, the prince of the captivity, the Messiah so long looked for by this extraordinary people. He holds the keys of peace or war, blessing or cursing. ... They are the brokers and counselors of the kings of Europe and of the republican chiefs of America. What more can they desire?"[2]
  • "This multinational banking family is a byword for wealth, power – and discretion... The Rothschild name has become synonymous with money and power to a degree that perhaps no other family has ever matched."[3]

See Also

Shovelready.jpg


Contrast with:


References

  1. ↑ http://www.thedailybeast.com/blogs-and-stories/2009-08-20/goldman-execs-blame-anti-semitism/
  2. ↑ (1836) Weekly Register. 
  3. ↑ Daily Telegraph,The Rothschilds: They prefer to let their money do the talking, William Langley, Published: 9:59 pm BST 25 Oct 2008
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