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Dave Spart

Max Keiser Neatly Sums Up The Reason For The Crisis.

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Go to this site and watch the videos down the right hand side for some wonderfully eloquent analysis.

In the first video Max Keiser explains that essentially Goldman Sachs has turned gambler and gets bailed out by the Fed with tax payer money when it loses its bets, but keeps the money when it wins - in other words Goldman Sachs has learned that until fiat currency is abolished it is free to extort the taxpayer over and over again.

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Edited by Dave Spart

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The employees deserve a big bonus - they done their job technically.

And because theres no mass revolt, it's a bonus too. <_<

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Was just about to post that one myself, only just finished watching it.

He was 100% right about Iceland, suspect he is 100% right about this situation.

The banking thieves have taken over the US economy, how can you possibly make an investment in the US under such circumstances - you can't. Game over.

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Goldman Sachs IS the US government, in so much as it matters.

It's their game - they set the rules, own the players, and control the ball. Everything else is just window dressing.

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...until fiat currency is abolished it is free to extort the taxpayer over and over again.

Link

i think govt. attitudes to such institutions has more to do with it than a fiat money system. I'm not expert to critique the rolling stone piece posted on another thread, but it rings true that the problem has been the repeal of key regulatory rules.

It's not so much a case of more regulation, but that regulation exists for a purpose and not to take down these walls at the behest of vested interest lobbying.

Regulators and politicians take their eyes off the ball and/or companies like goldman sachs are one step ahead, to take advantage of the laissez faire attitude that is loathe to or too lazy to bring the 'wealth creators' down a peg or two.

What would brown do without the rise of financial services and the prominence of the city ? even more public sector expansion ? as a result of the importance the city and big financial firms have, plus the resources at their disposal it's inevitable that they be allowed to do what they do best [make disproportionate amounts of money] thanks to agreeable policy makers. I'm not whining about it, just no reason to throw the baby out of the water with ridiculous ideas about anything but a fiat system.

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Link from one of the posters........

http://www.counterpunch.org/whitney06262009.html

What the Big Banks Have Won

I like the line "The Fed's lavish gift amounts to a taxpayer-funded insurance policy for which no premium is paid."

A few weeks ago I was banging on about banks in futur having to pay for insurance to share the burden of negative equity on a mortgages property but no-one picked up on it.

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"The real owners are the big wealthy business interests that control things and make all the important decisions. Forget the politicians, they're an irrelevancy. The politicians are put there to give you the idea that you have freedom of choice. You don't. You have no choice. You have owners. They own you. They own everything. They own all the important land. They own and control the corporations. They've long since bought and paid for the Senate, the Congress, the statehouses, the city halls. They've got the judges in their back pockets. And they own all the big media companies, so that they control just about all of the news and information you hear. They've got you by the balls. They spend billions of dollars every year lobbying – lobbying to get what they want. Well, we know what they want; they want more for themselves and less for everybody else.

"But I'll tell you what they don't want, they don't want a population of citizens capable of critical thinking. They don't want well-informed, well-educated people capable of critical thinking. They're not interested in that. That doesn't help them. That's against their interests. They don't want people who are smart enough to sit around the kitchen table and figure out how badly they're getting f'cked by a system that threw them overboard 30 f'cking years ago. You know what they want? Obedient workers – people who are just smart enough to run the machines and do the paperwork but just dumb enough to passively accept all these increasingly shittier jobs with the lower pay, the longer hours, reduced benefits, the end of overtime and the vanishing pension that disappears the minute you go to collect it. And, now, they're coming for your Social Security. They want your f'cking retirement money. They want it back, so they can give it to their criminal friends on Wall Street. And you know something? They'll get it. They'll get it all, sooner or later, because they own this f'cking place. It's a big club, and you ain't in it. You and I are not in the big club."

George Carlin.

His words are more powerful when heard. >

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Seydel, thanks for posting that. Carlin summed up very well the real state of the world.

You've only got to look at the primitive nature of our democratic system and how its put on a pedestal to realise the plutocrats want the people repressed as slaves to feed their machines.

Democracy? Demockery more like.

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