GoldmanSachs666 Message Board

Fraud*
According to the Collins English Dictionary 10th Edition fraud can be defined as: "deceit, trickery, sharp practice, or breach of confidence, perpetrated for profit or to gain some unfair or dishonest advantage".[1] In the broadest sense, a fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation. Defrauding people or entities of money or valuables is a common purpose of fraud, but there have also been fraudulent "discoveries", e.g. in science, to gain prestige rather than immediate monetary gain
*As defined in Wikipedia

Tuesday, June 1, 2010

Goldman and the Multitude of Cons

Why did Jefferson said “banking institutions are more dangerous than standing armies?” This very good article by Damon Vrabel shows why banks (and pretend banks like Goldman Sachs) are dangerous and why our system MUST be changed if we are to survive as a free nation.


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The Ben Bernanke Survey

I’m curious for your opinion about why Ben is doing this. Reply in the comments below with your answer to this multiple choice question: Who is Ben Bernanke?

1. Honest – he actually believes what he says. He’s still a Harvard kid getting gold stars on his homework as he repeats the fraudulent load of crap known as neoclassical economics.
2. Dishonest – he knows he’s just protecting the powers behind the Fed system and furthering their global restructuring plan by threatening the politicians with more boom-busts if they try to serve the people.
3. Insane – he’s not in touch with reality.

Folks like Jim Rogers, Marc Faber, and Peter Schiff promote #1, the idea that he’s a clueless theoretician repeatedly making mistakes. No doubt there was a time when he was just a bright-eyed overachiever being pumped full of theory disconnected from reality. But these guys ignore Ben’s comments in Japan. He makes it clear that he knows exaggerated low interest rate policies cause major problems, i.e. he’s not ignorant, but he engages in them anyway! So again I ask what’s really going on?

Feel free to disagree, but #2 is my answer, which means we need to stop believing Rogers, Faber, and Schiff that he’s a pedantic bureaucrat. That’s pure spin that reinforces the idea there’s no strategic plan behind what the G20, IMF, BIS, and Fed are doing in response to the coordinated actions of Rubin, Summers, Paulson, Geithner, Greenspan, AIG, JP Morgan Chase, Goldman Sachs, etc.

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...the first con of the Fed’s form of central banking—it puts currency control in private hands. Rather than the Fed having power over the banks, its structure actually gives the primary dealer banks (mega firms like JP Morgan Chase, Goldman Sachs, and many foreign banks) significant power to tell it what to do.

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Read the rest here

5 COMMENTS:

Anonymous said...

Why is everyone afraid of her honesty?


Janet Tavakoli & David Fry on Financial Reform & Goldman Lawsuit

“It’s time for tossing some people down the stairs.” Janet Tavakoli

http://tinyurl.com/2e3c6pq

JR said...

I admire the honesty and tenacity with which Janet Tavakoli approaches the financial problems faced by the world today. Too bad our political leaders haven't that same ability.

Anonymous said...

If you listen to Tavakoli interview you wonder how they could even contemplate this..?

Goldman Sachs Spies A Way Out Of Fraud Claims

Goldman Sachs may have found a way to compromise with the Securities and Exchange Commission that will allow both sides to declare victory.

Despite this gap between the SEC and Goldman, a compromise position might not be completely out of reach. A technical legal difference in the fraud sections of the Securities Act and Exchange Act may allow both the SEC and Goldman to walk away happy.
Goldman might accept a settlement if the civil charges requiring fraudulent intent or claiming a scheme that operated as fraud were dropped, a source said.
http://www.cnbc.com/id/37449088

Anonymous said...

Honest – he actually believes what he says. He’s still a Harvard kid getting gold stars on his homework as he repeats the fraudulent load of crap known as neoclassical economics.

The Finance Firm

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mark lopez

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