 And The Winner
is... Goldman Sachs
Darryl Robert Schoon
Posted Jun 25, 2009
The king to the banker did
say
Tis I who ride you this day
This day it is true the banker did say
But tomorrow tis I who ride you
News of Goldman Sachs'
triumph arrived when Reuter's newswire reported on June 22, 2009:
"Goldman Sachs on pace for record bonuses."
[here] At a time when the US is struggling with the
greatest financial crisis since the 1930s, Goldman Sachs has
triumphantly weathered the crisis. That should be no surprise
for Goldman Sachs created the crisis in the first place.
As capitalism collapses, its
very foundation - the centuries old alliance between private
bankers and public government - is feeling the pressure; and
without the direct and indirect aid of billions of dollars in
public dollars, the private bankers at Goldman Sachs would now
be facing record layoffs instead of a record year of profits
and bonuses.
WASHINGTON DC: WELCOME TO THE WHOREHOUSE
Under the two-party system
that characterizes present-day democracies, the conservatives
represent private interests and the liberals the public interest.
In truth, however, the public interest is often served by private
interests just as private interests are also often served by
the public interest.
Balance between the two polarities
is necessary for a well-functioning society, a balance that does
not presently exist. Today, both political parties are so corrupted
by money and power that in most countries the "democratic
process" is singularly ineffective in solving problems that
confront them.
Because of the vast amounts
of money available, Washington DC is especially ineffective and
corrupt. In the US, the democratic process is but a smokescreen
for powerful governing elites to use the blood, sweat and taxes
of Americans to further their own selfish ends.
Americans no more own America
than the chickens on the Kentucky Colonel's farm own the farm
on which they are slaughtered.
Governing elites have controlled
the Republican and Democratic parties for decades. No matter
what party is in power, the same power brokers operate behind
the scene to pass and deny legislation in accordance with their,
not the nation's, best interests.
This is not to suggest that
the democratic process should be abandoned or that a return to
monarchy should be considered or that a more dictatorial form
of democracy - which is now evolving - is the answer.
The unfortunate inability of
the many to defend themselves against the predacious behavior
of the few is a reoccurring theme throughout human history; and,
the dangerous ability of the few to mobilize the many on their
behalf should also be recognized.
History is not an accident.
It is a perfect reflection of humanity. Until humanity changes,
history will not.
Today, each political polarity
has been manipulated by those in power to see the other as the
enemy while the enemy of both, the governing elites - escape
detection. Divide and conquer has been the tried and true measure
of manipulating the democratic process into a mutually self-destructive
process controlled by the elites.
MODERN DEMOCRACY IS A CONTROLLED DANCE
REQUIRING THE COOPERATION OF TWO PARTIES TO PERFORM
The political icons of the
right and left, Ronald Reagan, Bill Clinton, and now Barack Obama,
have been deftly used by Wall Street elites to divert the attention
of Americans away from what would eventually destroy what was
recently the most powerful economy and free-est nation
in the world.
Whether the US tilts to the
right or left matters little to those who control its actual
direction. However, those in the lower classes cheer loudly whenever
the rightward tilt of the ship corrects towards the left just
as those in the upper classes give a loud cheer when a rightward
tilt is achieved. This is true irrespective of what direction
the US is headed
In the end, however, all will
drown when the US sinks into the seas into which it has been
directed. The real control of the elites over the US government
began in 1913 with the creation of the Federal Reserve Bank,
an institution that legitimized the issuance of the bankers'
debt-based paper money in America.
Since this money was printed
by the Fed and made freely available to politicians to indebt
the nation, those who controlled the money supply controlled
the nation; and the bankers at the Fed have increasingly exerted
more control over the US economy and America ever since.
Changing whoever heads the
Fed will not solve America's problems -- eliminating the Fed
will.
GOLDMAN SUCKS... THE WEALTH
OF AMERICA
The crisis was the coup
de grâce: Given virtually free rein over the economy, these
same insiders first wrecked the financial world, then cunningly
granted themselves nearly unlimited emergency powers to clean
up their own mess... a colossal power grab that threatens to
turn the federal government into a kind of giant Enron - a huge,
impenetrable black box filled with self-dealing insiders whose
scheme is the securing of individual profits at the expense of
an ocean of unwitting involuntary shareholders, previously known
as taxpayers.
- Matt Taibbi
Rolling Stone Magazine, The Big Takeover 3/19/09.
The emergence of Goldman Sachs
in the US pyramid scheme of Ponzi-capitalism is not unexpected.
Of all the Wall Street banks, Goldman Sachs effectively focused
its efforts on influencing the political process in order to
achieve its ends, a focus that has now handsomely paid off.
Because money controls politicians
and bankers control money, bankers now control entire nations
through their control of the money supply; and, of all the banks,
Goldman Sachs has the most control and influence in the US. Economics
is not rocket science, neither is political science - and neither,
in fact, is a science.
Power in capitalist economies
can best be understood when viewed as a franchise, a franchise
which Goldman Sachs has been granted in America. Just as top
Pentagon officials are routinely hired by US defense contractors
for all the obvious reasons, Goldman Sachs and other Wall Street
firms enjoy a revolving door policy regarding bankers who shuttle
between Wall Street and Washington DC, ensuring that one filthy
hand washes the other - "Hey, look, ma, no soap."
Robert Rubin, Timothy Geithner,
Lawrence Summers, Alan Greenspan, Stephen Friedman, Henry Paulson,
Stephen Rattner, etc. are names that often arise in regards to
the lucrative relationships forged in the sewer, i.e. the corridors
of power, between Washington DC and Wall Street.
Lawrence Summers, now Obama's
top economic advisor, was paid $135,000 by Goldman Sachs for
a one day visit in April 2008. This is how payoffs are made.
Of course, Wall Street and Washington DC are quick to remind
us that such payoffs are legal. Of course they are. All laws
are legal, not matter how egregious the crimes they allow.
WAR PAPER MONEY GOLD AND GOLDMAN SACHS
Even the most powerful
are vulnerable and the powerful know this most of all
The foundation stone of the
ruling elites is their control and issuance of paper money. Over
the years since paper money was substituted for gold and silver,
the power of bankers and government has steadily grown.
Their power, however, is being
threatened by their abuse of that which made their power possible.
The accelerating debasement of paper money by bankers and government
now threatens the power of each; and gold which was eliminated
by public governments at the behest of private bankers now threatens
the franchise of power and wealth of both bankers and government.
The greed of bankers is
equally matched by the greed of government. Only the nature of
the greed distinguishes the two. Bankers crave profits whereas
governments crave power and it was the mutual pursuit of each
that caused their dark alliance over three centuries ago.
King William of England, bankrupted
by his wars with France and wanting more, agreed to allow private
bankers to issue their paper script as England's money in return
for the banker's credit that would allow him to wage more wars,
credit which became debt to be assumed by the people of England
as a national burden.
Nonetheless, as long as gold
was considered to be the basis of money, commerce flourished
during the 18th and 19th centuries even as England exerted control
over much of the world through its ability to raise armies and
navies on credit.
The unraveling of currencies
began, however, when Europe abandoned the gold standard in the
early 20th century as it edged closer and closer to war - wars
are fought much more cheaply with paper money than with gold
- and after two World Wars, all nations were bankrupted by the
considerable cost of war - all nations except the US.
At the end of WW II, the US
owned more gold than any nation previous, even more than England
at the height of its empire. However, this was not enough for
the US. Aspiring to exert global control just as had England
one century before, the US would overspend its entire gold reserves
in less than twenty years.
"You can never get
enough of what you don't really need." -Eric Hoffer
After WW II, because of its
then enormous gold reserves, 21,775 tonnes (metric tons), the
US dollar backed by gold became the world reserve currency. But
in the next 25 years, the US would overspend its gold reserves
by supporting a worldwide military presence in peacetime and
could no longer convert its US dollars to gold by 1971; by so
doing, all currencies of all nations then became but paper currencies
of indeterminate value.
Ever since then, central banks
and especially the US Fed have fought to maintain the advantage
that paper money gives them. But, because the original basis
of paper money, gold, had been squandered by the US government's
insatiable need for power, the paper-based franchise of power
and money began to unravel after the 1970s.
The unraveling has been fought
with all available resources by bankers and government for the
considerable privileges of each are now at risk. Indeed, without
central bank credit and paper money, most bankers and those who
benefit by government largesse would be forced to seek gainful
employment in order to survive.
In the battle to maintain their
considerable franchise of money and power, Goldman Sachs has
been at the forefront in actively supporting the suppression
of the gold price; as any rise in the price of gold belies the
value of the paper money by which governments and bankers are
advantaged.
It is perhaps appropriate that
Lawrence Summers, co-author of Gibson's Paradox and the Gold
Standard (a bizarre paper that fueled central bank efforts to
suppress the price of gold in the 1990s) is now the top economic
advisor to Barack Obama at the very time the US attempts to maintain
its world dominion based on an increasingly unstable US dollar
- a dollar no longer backed by gold.
For an in-depth explanation
of the gold standard, free of the prejudices of those who personally
benefit from the fraud of paper money such as Lawrence Summers,
I suggest the Gold Standard University Live lecture series of
Professor Antal Fekete.
see http://www.goldvid.com/fekete/sales.html.
Goldman Sachs has been alleged
by many to be at the center of the central bank conspiracy to
manipulate the gold price. In 1999, when England announced it
would sell the majority of its gold reserves at the very bottom
of the gold market, the rumors were that Goldman Sachs had a
1,000 tonne short position in the market and couldn't cover its
short position if the price of gold moved higher.
In May 1999, Gordon Brown,
the UK Chancellor of the Exchequer, announced the sale of 415
tonnes of gold, 57% of England's gold reserves. This sale forced
the price of gold lower thereby saving Goldman Sachs' large bet
that the price of gold would continue lower, albeit temporarily.
Goldman Sachs' attempts to
suppress the price of gold have not abated nor have the efforts
of European and the US central banks even as gold has
risen from $275 to over $900 in the last ten years. The Swiss
central bank especially has been a large seller of gold whenever
gold prices rise quickly.
Such efforts have not abated
because the on-going credit crises now threatens to become a
full-blown currency crisis; and, the paper money franchise by
which bankers and governments exist is vulnerable as never before
- a meteoric rise in the price of gold would spell the end of
the fabled franchise of wealth and power.
Now in 2009, the US, the UK,
their gold reserves almost depleted, and the world are on the
verge of another Great Depression as the bankers' crisis has
turned into a global nightmare. At the same very time, however,
Goldman Sachs is about to record profits enabling record bonuses
while Gordon Brown is now the Prime Minister of England.
THE RISE AND DECLINE OF NATIONS:
ECONOMIC GROWTH, STAGFLATION, AND SOCIAL RIGIDITIES
By Mancur Olsen
Many have been puzzled by
the mysterious decline or collapse of great empires of civilizations
and by the remarkable rise to wealth, power, or cultural achievement
of previously peripheral or obscure people. Mancur Olsen 1982
Mancur Olsen's thoughts about
empire, economic growth, stagflation and social rigidities bear
special reflection at this time. It is clear that the present
times, while new to us, may not be new to the cycles of history,
cycles which continue whether we are aware of them or not.
Although history happens in
the aggregate, it is experienced personally and each of us has
a different window on what is now transpiring. That the collapse
of the US is unexpected to most is because most took refuge in
denial, willingly believing the lies told them by those in power,
lies that were compatible and acceptable to their unexamined
and carelessly accepted world views.
The following comment should
be considered by all, especially those in the US, who are now
about to have their once well-ordered lives turned upside down
and inside out by forces they do not understand:
... we're a country that,
for the last decade, acquiesced meekly and quietly as our Government
transferred huge amounts of national wealth to a tiny elite;
launched a devastating war based on purely false pretenses; tortured,
spied on us and literally claimed the right to invalidate law
and the Constitution; and turned itself over to the highest bidders.
-Glenn Greenwald, Salon.com, The virtues of public
anger and the need for more 3/21/09
And as long as the credit flowed,
the band played on. The music is now about to stop.
Buy gold, buy silver, have
faith.
Darryl Robert Schoon
email: info@drschoon.com
website: www.drschoon.com
website: www.survivethecrisis.com
Schoon Archive
 About Darryl Robert
Schoon
In college,
I majored in political science with a focus on East Asia (B.A.
University of California at Davis, 1966). My in-depth study of
economics did not occur until much later.
In the 1990s,
I became curious about the Great Depression and in the course
of my study, I realized that most of my preconceptions about money
and the economy were just that - preconceptions. I, like most
others, did not really understand the nature of money and the
economy. Now, I have some insights and answers about these critical
matters.
In October 2005,
Marshall Thurber, a close friend from law school convened The
Positive Deviant Network (the PDN), a group of individuals whom
Marshall believed to be "out-of-the-box" thinkers and
I was asked to join. The PDN became a major catalyst in my writings
on economic issues.
When I discovered
others in the PDN shared my concerns about the US economy, I began
writing down my thoughts. In March 2007 I presented my findings
to the Positive Deviant Network in the form of an in-depth 148-page
analysis, "How to Survive the Crisis
and Prosper In The Process."
The reception
to my presentation, though controversial, generated a significant
amount of interest; and in May 2007, "How To Survive The
Crisis And Prosper In The Process" was made available at
www.survivethecrisis.com and I began writing
articles on economic issues.
The interest
in the book and my writings has been gratifying. During its first
two months, www.survivethecrisis.com was accessed by over 10,000
viewers from 93 countries. Clearly, we had struck a chord and
www.drschoon.com, has been created to
address this interest.
321gold Ltd
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