This is the title of a must-read article by Matt Taibbi in the current Rolling Stone magazine on the newstands. The Great American Bubble Machine reveals how Goldman Sachs has engineered every major market manipulation since the Great Depression.
While the online issue of Rolling Stone provides a considerable part of Taibbi’s research and findings for free EE Online recommends that to get the complete picture to purchase the magazine and to read the article with care. An informed and educated public may possibly prevent future manipulation of taxpayers money by financial institutions.
Following is the introductory paragraph from Rolling Stone.com
“In Rolling Stone Issue 1082-83, Matt Taibbi takes on "the Wall Street Bubble Mafia" — investment bank Goldman Sachs. The piece has generated controversy, with Goldman Sachs firing back that Taibbi's piece is "an hysterical compilation of conspiracy theories" and a spokesman adding, "We reject the assertion that we are inflators of bubbles and profiteers in busts, and we are painfully conscious of the importance in being a force for good." Taibbi shot back: "Goldman has its alumni pushing its views from the pulpit of the U.S. Treasury, the NYSE, the World Bank, and numerous other important posts; it also has former players fronting major TV shows. They have the ear of the president if they want it.”
Read the online excerpts and see a telling video at Rolling Stone.com:
http://www.rollingstone.com/po...
The Great American Bubble Machine (4)
Archived Articles | 08 Jul 2009 | EWR
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And when you have finished this expose of greedy profiteers, inside trading and scamming those gullible taxpayers read Ronald Wright's "What is America? A Short History of the New World Order." The delusions of endless growth and denial of natural limits have taken their most virulent form in the United States with bankers like Goldman Sachs leading the way. The economy has become a tyranny and the supposed "rights" of capital trump those of sovereignty, ecology and future generations. Globalization is a feeding frenzy and that is exactly what the greedy banksters want, ignoring social harmony and thinking short term. The doctrine of financial imperialism has long replaced the idealistic principles of democratic nationalism.
Wright also addresses the propaganda of terrorism which became a self-fulfilling prophecy. The "excuse" of 9/11 provided Cheney et all with the reasons to go to war with Iraq, creating a terrorist threat in a country that had not been one. The Saudis should have been bombed to smithereens under Cheney's logic. But that is grist for another mill...
Wright also addresses the propaganda of terrorism which became a self-fulfilling prophecy. The "excuse" of 9/11 provided Cheney et all with the reasons to go to war with Iraq, creating a terrorist threat in a country that had not been one. The Saudis should have been bombed to smithereens under Cheney's logic. But that is grist for another mill...
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