Friday, April 29, 2011

Goldman Sacked

How Goldman Sachs Created the Food Crisis

  It took the brilliant minds of Goldman Sachs to realize the simple truth that nothing is more valuable than our daily bread. And where there's value, there's money to be made.

Golden Sacked

In 1991, Goldman bankers, led by their prescient president Gary Cohn, came up with a new kind of investment product, a derivative that tracked 24 raw materials, from precious metals and energy to coffee, cocoa, cattle, corn, hogs, soy, and wheat. They weighted the investment value of each element, blended and commingled the parts into sums, then reduced what had been a complicated collection of real things into a mathematical formula that could be expressed as a single manifestation, to be known henceforth as the Goldman Sachs Commodity Index (GSCI). (Food Crisis continued)
The larger question has always been, did Bill Clinton sell the Democrat Party to Goldman Sachs, or was it Goldman Sachs who sold them Clinton?  In either event, their fun continues. Ours, not so much.

1 comment:

munch said...

If anyone ownes USG it is GS. Its so blatent. Can;t we just stop it?

If we were all living in Bridge Over the River Kuai, we wold be in a prison of war camp and whatever the people who ran it decided, well we would have to live with and adjust to. Maybe we could subvert it alittle with our intellect. But we are not in a POW camp and we can do pretty much whatever we want. The great instruments of government that have been so basterdized strike out at citizens at random. It has not yet been ordered into a political pogrom.

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