Goldman Sachs strategist, AJ Cohen, predicts that the recession is over and only "greater optimism among investors is needed." Of course, he is referring only to a laser sharp focus on money, money, and more money. On the other hand, Max Keiser, being more concerned with the whole economy, predicted the scandals, the bubbles and the bad times that are here now. We can expect more trouble to come. The first half of Max's video deals with predictions then and now. The second half re-examines the strategies used by Goldman Sachs to transfer the wealth of pensions, savings and mortgages of ordinary folk to the coffers of Goldman Sachs, wealth that is of Midas proportions and we can only hope that donkey's ears appear soon!!
The video can also be seen here
GoldmanSachs666 Message Board
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". 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