Preparing Financial Collapse Part 8
Join 1000's of Authors at StreetArticles Today!

Preparing Financial Collapse Part 8

by Jonathan M. King.

Regarding the crash of 2008, Goldman Sachs was there again. They put together packages called Collateral Debt Obligations- these were merely bundles of dodgy subprime loans, loans constructed in much the same way as the Greek scenario but with housing mortgages in the States. These CDO’s were sold off to companies around the world for massive amounts backed as stable AAA securities. Goldman knew these were unstable and foreseeing a crash in the mortgage market they bet against their own product using their own cash buying Credit Default Swaps and Insurance against mortgage products. This insurance was taken out with the firm AIG. Upon Collapse of the system Goldman demanded their money as is their right from AIG. This triggered a “bank run” on AIG as others anticipating default began demanding their insurance repayments. AIG simply ran out of cash affecting the bail out in September 2008. Goldman is now milking the tax payers of the entire planet and causing the collapse of pension funds and banks everywhere.

Goldman Sachs was the only bank to benefit from the collapse in 2008. Why did 2008 happen? George. W. Bush put a man named Hank Paulson in charge of treasury of the United States. He was the director of Goldman Sachs, a Wall street man whose first action in power was to release the restraining laws of the banks.

This behavior is viral and can only provide gain for the virus its self until the host dies. This behavior is intelligent, and insane, and suicidal. This is pathological behavior driven by fear.

Borders no longer indicate a change in ownership or dominion by a monarchy, government, republic or even a dictatorship for that matter. Old school imperialism realized this long ago and with the discovery of the new world and the development of free enterprise (whatever that means) came corporatism. Just like imperialism, corporatism expanded rapidly consuming everything in its path with but one goal in sight. More Power. In every element but the highest echelons of corporatism money is the key word but the head of the snake is what counts and it revolves around power. The heads of these massive banks, businesses and governments remain a closed loop entrenched in the old boy system, in fact it is standard that after your time at Goldman you are expected to move into public office and remain loyal to Goldman allowing a more supple lobbying process. It's called the revolting door policy.

Think about the bank collapse scandal of 2008. Goldman Sachs was largely to blame for the collapse, betted against its own dodgy product, and benefitted by it which is clearly insider trading. After being bailed out by the tax payer the heads of all banks involved still picked up massive bonuses and are still doing so today. The money that comes with the title is a given and is merely side effect of power in the society we live in. By the way the bailout was divided by all the major banks so the public would not know which banks were on the edge. This means Goldman also received bail out money.END PART 8


Street Talk

You are right about the 'old boys' club. I believe many Goldman Sach employees have moved on to government jobs.

Reply
  about 7 years ago

European politics and banks are riddled with them, I was going to put it under the microscope in the next article.

Reply
  about 7 years ago
You May Also Like
Advantages Of Giving Up Smoking Cigarettes
If you have already been planning on how to quit smoking cigarettes, there's certainly no better time period to do this than right now. Even though it can be difficult to start with, when you are seeking other ways to prevent smoking, as well as considering different give up smoking…
By: Steve Leo in  Self Improvement  >  Addictions   Aug 22, 2012  
0
  Likes: 0

The Right Drug Treatment Program
People have differences on how bodies react to various substances. That’s why some people don’t get addicted and some can easily develop a substance addiction. The right treatment programs are created based on the individual’s unique needs. Many addiction rehab facilities require their patients to go through a series of…
By: Ronnie Alexander in  Self Improvement  >  Addictions   Mar 31, 2015  
0
  Likes: 0

Virtual Reality Treatment: A Way to Avoid Triggers Of Addiction
The idea of virtual reality therapy is to make addicts crave of their own addiction and then have them decide not to use the addictive substance. Virtual reality therapy is a kind of treatment that utilizes virtual reality technology to simulate real life experiences. It is used to cure phobias…
By: Stanley Price in  Self Improvement  >  Addictions   Mar 20, 2015  
0
  Likes: 0

Hitting the “rock Bottom” Of Addiction
“Hitting the Rock Bottom” is a common phrase, especially to those individuals who got caught with alcohol or drug addiction. Maybe some of those individuals have already experienced that happening, which makes them change their self-destructive behavior. Unfortunately, what many people are not aware of being the exact event that…
By: Carl Patterson in  Self Improvement  >  Addictions   Mar 18, 2015  
0
  Likes: 0

How Alcohol Abuse And Alcoholism Differs?
Any substance that is being abused may cause damage to our health. Results may not show automatically, but in a long run it will surely harm us. This article tackles sign and symptoms about abusing alcohol and the possible effects it might take in the future. Over consumption of any…
By: Glen Cox in  Self Improvement  >  Addictions   Mar 31, 2015  
0
  Likes: 0

Is it Safe to Withdraw From Addictive Substances at Home?
We all know that the first step in any recovery program is to rid our bodies of all drugs including alcohol. In other words it means to become clean and sober. It is often a huge decision for a drug addict/alcoholic. First and foremost you must have reached a place…
By: Cate Carpenter in  Self Improvement  >  Addictions   Mar 14, 2011  
0
  Likes: 5

Things To Help You Stop Smoking
As the title of this article suggests, there are things to help you stop smoking. But since the term "things" is a little ambiguous, let me be a little more specific. Everyone is different. We all have different likes and dislikes. We were all raised different. Some of us have…
By: Cliff Ruder in  Self Improvement  >  Addictions   Aug 16, 2011  
0
  Likes: 0

Why the Stigma About Being in Recovery From Addictions?
I have experience it firsthand. Returning home from a thirty day treatment program I was thankfully greeted by loving and supportive family members. Feeling like a totally new person I faced my friends who are not addicts with the same excitement only to find them either lost for words or…
By: Cate Carpenter in  Self Improvement  >  Addictions   Jun 01, 2011  
0
  Likes: 2

The Harmful Effects Of Second Hand Smoke
In this article I want to talk about the harmful effects of not only the mainstream smoke that a smoker takes in while enjoying his cigarette, but the adverse effects that second hand smoke has on someone standing nearby. Most smokers don't take into consideration what is happening while exposing…
By: Jason Roque in  Self Improvement  >  Addictions   May 10, 2011  
0
  Likes: 0

The Best Way to Quit Smoking
Just how many ways are there to quit smoking? One popular method is the NRT (Nicotine Replacement Therapy) approach, where you get your nicotine from an alternate supply, such as nicotine gum, nicotine patches, nicotine nasal spray, nicotine lozenges or a nicotine inhaler. These products ease the withdrawal symptoms by…
By: Layne McGarrett in  Self Improvement  >  Addictions   May 26, 2011  
1
  Likes: 1

Appropriate Treatment Options for Cocaine Users to Kick the Habit
No one treatment option is suitable for all cocaine users. Often it takes a combination of several options for some, and yet some can kick the habit with only one way. Any chemical dependence is a complex problem unique to each user. The reasons why anyone starts, is as many…
By: J. Ward in  Self Improvement  >  Addictions   Feb 06, 2011  
0
  Likes: 4

Rebuilding Trust After the Recovery
When you were in your days of addiction, all you think about is your next take of the substance and the feeling of pleasure that you get from it. While you are busy with your addiction, you’re hurting the people around you without even knowing it. However, it is now…
By: Randall Richards in  Self Improvement  >  Addictions   Mar 30, 2015  
0
  Likes: 0

Rehab Treatment Centers Care for You
Mostly, people are getting ashamed of being a substance dependent. Friends and other family members sometimes tend to hide their issues with their abusive using of illegal substances from the outside world. This is a common response because of the fear that what might happen to them if the people…
By: Phillip Ryan in  Self Improvement  >  Addictions   Aug 18, 2014  
0
  Likes: 1

Facebook Addiction Symptoms And Help (for People That Have to Much Fun)
There is a significant amount of reason why anyone would be addicted to Facebook. If you’re like me than Facebook is just another business module used to marketing yourself or brand. In other words, if you’re not using Facebook for business and you have any of these symptoms, then you…
By: saytue sayewhat in  Self Improvement  >  Addictions   Feb 23, 2012  
10
  Likes: 6

What Is An Electric Cigarette?
As the name implies, this is basically just an artificial cigarette that runs on electricity. At the time of this writing there is a lot of controversy surrounding these handy little devices and I will address this in a little more detail later. To answer the question, "What is an…
By: Cliff Ruder in  Self Improvement  >  Addictions   Aug 16, 2011  
0
  Likes: 0

Article Views: 1008    Report this Article