The 'Goldman Conspiracy'

Here's a great article by Paul Farrell on how "Goldman's insatiable greed is so blinding that Goldman has lost the ability to see the long-term consequences of its sad un-American behavior." Well... that and the probability we need to learn Chinese.

[...] Li is not as visually dramatic as Matt Taibbi's Rolling Stone picture of Goldman as a "great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money." But Li's Chinese readers love his "Goldman Sachs knows when to go for your neck" like a "Manchurian tiger."
China's Trump shows no fear

Ren Zhiqiang, chairman of Hua Yuan Property Co. and one of China's most outspoken real estate tycoons, explains why he criticizes the Communist Party and what it takes to attract two million followers to a Chinese microblog.

But is the Goldman Conspiracy really a threat to China? That's a joke, right?

It's the exact opposite. In fact, it should be obvious that China is actually a "great vampire squid wrapped around the face of Goldman, relentlessly jamming its blood funnel into anything that smells like Goldman's capital, talent and connections."

Then, eventually, in a generation, by 2040, China will suck the life out of Goldman. At the same time, back here stateside, China must be quietly cheering as America's "bloodsucking vampire squid" sucks the life out of our capitalism and democracy, as the Goldman Conspiracy's insatiable greed aggressively sabotages America from within.

....

Read this and weep, or get mad as hell: By 2040, in just one generation, 30 years, here's how Fogel sees the rapidly emerging new world order, with China as the world's sole superpower economy and America a distant second, a has-been on the global stage, thanks in part to the Goldman Conspiracy and its influence on so many bad decisions in recent years. Fogel warns:

"In 2040, the Chinese economy will reach $123 trillion, or nearly three times the economic output of the entire globe in 2000. China's per-capita income will hit $85,000, more than double the forecast for the European Union, and also much higher than that of India and Japan. In other words, the average Chinese megacity dweller will be living twice as well as the average Frenchman when China goes from a poor country in 2000 to a superrich country in 2040.

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Read the rest here

Goldman Sachs Becomes Republican?

What a disgrace that large banks like Goldman Sachs can place their bets on candidates for government as easily as they can make a killing in the financial markets! So much money is thrown at those running for office that it is no wonder that all politicians look as though they are bought and paid for and, thus, owe some allegiance to those who have given them the big bucks. How could it be otherwise?

There is a solution: if all those running for office had a cap on the monies they could spend in each election, then all would be playing on a level field and the politicians would be forced to speak with their mouths rather than their pocketbooks. What a fantasy!! It will never happen because politicians are not known for voting against their personal interests and for the interests of the country as a whole. They love their bonuses as much Wall Street loves its bonuses. They are bonuses, right?

Washington and Wall Street don't make strange bedfellows; they are in bed together!

Goldman Sachs Goes Republican
Pro-GOP Tide in Donations Follows Financial Reform Seen as Anti-Wall Street

By RAY SANCHEZ -ABC News

If you needed a reminder that Wall Street and Washington make the strangest of bedfellows, new research shows that Goldman Sachs donated more money to Republicans than Democrats for the first time in decades. The latest data from the Washington D.C.-based Center for Responsive Politics shows that Goldman has doled out roughly $914,000 to Republican candidates compared to about $776,000 to Democrats in this year's election cycle.

"I think that Wall Street and other large donors have become not too much unlike the electorate at large – sort of willing to change," said Jennifer Duffy, senior editor of the Cook Political Report, one of the nation's leading non-partisan political handicappers.

The shift is all the more striking considering that in a 20-year period covering 11 election cycles, Goldman donated nearly $21 million to Democrats, almost double the $12 million it gave Republicans, according to data released by the Center for Responsive Poltics last week.

Read the rest of the article here