Quick snippet
Via Jesse’s Café Américain, a NYT snippet:
The Financial Times has chosen Lloyd C. Blankfein, the Goldman Sachs chief, as its person of the year.
What’s his view on his job of f—ing over the American people?
In an interview with the Sunday Times of London, [he asserted] that Goldman was “doing God’s work”.
Ex Nefarious One, Svali, said of these people:
These are NOT nice people and they use and manipulate others viciously. They believe that basically, they are GOOD and doing a good work, even if the means are tough to endure at the time.
When you’re a wrong ‘un, then the only way to psychologically handle that is to construct a scenario where you are actually the good side and those opposing you are either bad or misguided.
Filed under: Politics & economics
I think Lloyd C. B’s God is not your God.
Unhappy New Year, Lloyd C. Bastard.
http://www.marketoracle.co.uk/Article16126.html
Yes, they are doing Gods work! With the Fed blessing and nod, and funding, the objective is to control the world, (that is where god comes in!) mainly for their own (Fed) benefit, and to hide the effect from observation. Chinese companies are NOW refusing to pay GS for derivative losses arising from last years oil price collapse, given that they now understand that GS was party to the upward manipulation of the oil price, which created the demand for those derivatives to hedge oil price increases in the first place.
The Wall Street export of $ trillions of financial fraud, into a global market, goes largely unremarked in MSM, but will be remembered by loss sufferers for decades. The bailouts were designed to perpetuate this ability. Greenscum, et al, realised that these activities and products should remain unregulated, as they were a major profit centre for Wall Street, that had already become so parasitic in its own country that there was damn near nothing left home grown to feed it.
It is a global shame, centred in the West, that regulation remains still-born, political opposition to regulation being funded heavily by the self same parasites.
There are precious few “markets” anymore, only manipulation globally, the public carrying the cost in quality of life and lost personal potential.
China and other nations seek an $ alternative for the global reserve currency. They push SDRs of the IMF. The basket used by IMF SDRs is not representative of the current economic players. 2010 is the year for review of the basket constituent currencies. China insists on keeping its peg to the falling $, in order to hollow-out Europe. It is difficult to see how the Chinese currency can be represented in the basket if the peg is not removed and it be allowed to float freely. Inclusion of other nations (free floating currencies is a requirement) currencies in the basket will in turn open them to Wall Street manipulation, for the benefit of Wall Street. Wall Street must thus be restained as a pre-requisite. The Fed cartel with its captured and paid lobbyists and economists, will absolutely not allow this, the community organiser being incapable of pretty much anything.
The international financial world will thus remain a buggers muddle, as the hurdles that must be covered remain impossible to cover within the timescale of the planned basket revision. This creates fertile protectionism fields.
In the meantime more moves behind the curtain are pretty much guaranteed.