Thanks to loyal reader and follower SeanZ for the following story.
The Goldman Propaganda Machine still spitting out "party line political crap". The following story must make us take a good look at reality and an even harder look at the likes of GS who - in many opinions - was and still remains a major cause of our economic problems and grief.
The "Goldman" must be taken to task for their role in the harm they caused the people of this country and our government must be taken to task for their role in supporting these criminals, encouraging them and then taking more of our money to "pay them off". But pay them off for what? for their continued support of what ever government is in power here? A payoff for perhaps a government cover up of the intentional implementation of the ruin of our middle class?
Read the entire Huffington Post story below (while the Huff Post is still the Huff Post). Some of the many comments are interesting as well.
Thanks SeanZ. Thought I was not listening, huh?
Step back from the ledge, America. Scotch the gloomy talk of a Japan-style Lost Decade in which we sink into decline and marinate morosely there for years. We're back, baby! So says a cheery depiction of these times from the wizards at Goldman Sachs (a firm that, come to think of it, played a starring role in trashing our economic security).
The report from Goldman's Investment Strategy Group, and served up here as evidence of happy times by the credulous folks at Politico's Morning Money, dismisses suggestions that the American economy might yet confront substantial problems. "The U.S. Will Not Face a 'Lost Decade,'" declares a subheading in the report, which later calls the odds of that prospect "very remote indeed." Instead, "America's structural resilience, fortitude and ingenuity will carry the economy and financial markets in 2011 -- and beyond."
Lest this hyperventilating prose fail to provoke the intended response, that last clause sits beneath a picture of George Washington crossing the Delaware. (Hats off to the creative geniuses inside Goldman's public relations machine, who apparently aim to redefine doubts about the economy -- and Goldman's lucrative cheerleading -- as downright un-American.)
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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