Goldman-Sachs...The Great American Bubble Machine and You

[TM7]

Goldman-Sachs and partner FED have been involved with every economic down turn since the 1920's. Investigative reporter Mike Tiabbi writes a scathing how, who, when, and where 5 part article outlining their grip on the economy, government, and you.....Interesting now that they think they are the US Treasury (or want to buy it)...fyi...TM7

"The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money."

http://www.rollingstone.com/politics/story/28816321/inside_the_great_american_bubble_machine

[skarke]

Super Mega conglomerate dittos TM7.

Interstate banking practices caused the first great depression ,and our leveraged economy (economy built on borrowed money) is what is killing us today.

When banks loan money to people who probably cannot repay the loan, only so they have the ability to drive borrower's indebtedness up by exhorbitant interest after they default (enslaving them to creditors), you get what we've got.

By its very nature, excessive leverage exacerbates economic cycle extremes.

Just wait until we see the Brazillian/Mexican style inflation that is coming, resulting from the CBO estimates of 23 trillion added federal debt under the Obama administration watch, the result of the "bailout".  Though it has been the current administration that has committed the vast majority of these funds, the next 25 democrat presidents will cut their teeth on "it's all Bush's fault".

[Oldshooter]

Just wait until we see the Brazillian/Mexican style inflation that is coming, resulting from the CBO estimates of 23 trillion added federal debt under the Obama administration watch, the result of the "bailout".  Though it has been the current administration that has committed the vast majority of these funds, the next 25 democrat presidents will cut their teeth on "it's all Bush's fault".

Well it seems the head of the cbo was called into the white house for an attitude adjustment since the cbo bad mouthed the prez's HC plan and said it was gonna cost too much.

God save us from 25 more democrat presidents..............thats a prayer not a statement!