Friday, October 10, 2008

US Goldman Sachs ex CEO Henry Paulson, as Treasury Secretary, is not stupid.

Behind the Panic: Financial Warfare over Future of Global Bank Power

Using panic to centralize power There is serious ground to believe that US Goldman Sachs ex CEO Henry Paulson, as Treasury Secretary, is not stupid. There is also serious ground to believe that he is actually moving according to a well-thought-out long-term strategy. Events as they are now unfolding in the EU tend to confirm that. What's clear from the behavior of European financial markets over the past two weeks is that the dramatic stories of financial meltdown and panic are deliberately being used by certain influential factions in and outside the EU to shape the future face of global banking in the wake of the US sub-prime and Asset-Backed Security (ABS) debacle.

Posted by malct @ 11:18 AM (684 views)
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11 thoughts on “US Goldman Sachs ex CEO Henry Paulson, as Treasury Secretary, is not stupid.

  • maybe? Bit paranoid though, it’s a high risk strategy. Any anyway what’s wrong with a global policy, a world bank, a world government. I never understand the horror here?

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  • Paulson expected this debacle.

    Many of the HPC bloggers predicted it. I’m guessing Paulson is brighter and more devious than we are.

    Out of this will come changes in the way banks operate. That’s for sure.

    Maybe this is a “softening up” of the doubters. I’m not a conspiracy theorist, but its eminently possible.

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  • Cybervigilantes says:

    I think many are waking up to the fact that governments DO NOT have the peoples best interests at heart.

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  • Peterfromcambridge says:

    Now that economic situation has become so bad that Robert Peston’s voice is only audible by dogs it is perhaps time to consider alternatives to the ‘Brown global bail out plan’ and think about picking up the pieces after the crash.

    So here is plan 2010,

    Reassess the role of Goldman Sachs in the 1929 crash and determine the extent to which the banks disastrous pyramid share sales contributed to that financial crisis. Then ask the bank to provide the research used to back up its claim that oil would rise to $100, then $200, per barrel. Also to provide details of trades Goldman Sachs commodities division was making at the time the bank was predicting oil price rises.

    Charging Alan Greenspan, Gordon Brown, Hank Paulson, Ben Bernanke, – and possibly a significant section of the Icelandic population – with criminal neglect and, for a decade, being complicit with a complex network of other like minded people to put into place a plan that threatened the security of Western Democracy. While it is envisaged sentences will be light it would be prudent to keep the parties in a secure unit until all the evidence against them is assembled. They should also be kept dressed in Orange boiler suits so that they are easily identifiable should they escape.

    The amalgamation of Goldman Sachs, JP Morgan and other failing banks into a single organisation. Interviewing all members of staff to assess whether they could be more gainfully employed in science, engineering or the service sector. Only retaining members of staff who are incapable of doing anything more complex than flipping a burger on a hotplate. Barring all members of staff, whether they are retained or not, from ever wearing a suit or using a Backberry again. Re-branding the combined organisation to reflect its core skills and the public perception of the bank while retaining the sophisticated European feel of its predecessor’s names – suggestions include ‘Klauns & Phuchwitz’

    All members of the financial services sector should wear a lapel badge, or item of clothing, displaying the name of the new organisation.

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  • Ketha said…….anyway what’s wrong with a global policy, a world bank, a world government. I never understand the horror here?

    What’s wrong is that, given the motives and behavior already demonstrated, these few people who are obviously terribly inept and/or outright criminals will be in control of all monies and commodities, and therefore, in control of all of us. Their version of life and it’s purpose isn’t mine. Is it yours?

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  • And having said that to Ketha, it is also obvious that a global currency and market is inevitable, but it can’t survive with this type of ethic we’re seeing now, because the future marketplace will only be healthy if based in belief in the common good, trust and a strong ethic. Everyone on the planet [more or less] has seen the outcome of mere money-lending based on price gouging and what happens with the moneychangers in charge. We’ve seen the sneers on their faces as they gobble all. And the stockmarkets continue to fall. What we’re witnessing today is based on greed and powermongering by ruthless barbarians. They can’t have an economic system by themselves, which they stupidly don’t seem to realise. This will pass away, and the new day will come that replaces these people.

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  • george monsoon says:

    couldn’t resist!!

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  • I accept that a world government could be a bad thing but i still think that the human race is sophisticated enough to demand the best… without nationalism I can’t imagine what ‘tricks’ they powerful would use to keep the people down. If we can’t rise up and demand justice we don’t deserve anything less. I don’t see how something as large as a world government is going to oppress it’s people as well as national governments.

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  • planning4acrash says:

    [email protected] Check out alex jone’s Endgame film on google. The global government will be run by the bankers who just caused this crisis, who caused the great depression and funded both sides of 2world wars. They are predatary, & we have no voting rights.

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  • planning4acrash says:

    You have been so conditioned that loss of liberty is fine if its from a suit or government. If it wears a badge, that you’ll accept the greatest tyranny ever. Imagine paying global carbon tax to counter fake global warming to fund a global dictatorship.

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  • george monsoon says:

    imagine nothing .. I am well aware of globalisation..

    check out facebook and look for a group called “bring back common sense” .. deliberately named to avoid direct attention..

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