NoWorldSystem

December 8, 2009

Rolling Stone’s author Matt Taibbi wrote an article about Goldman Sachs titled, “The Great American Bubble Machine“, he writes how they are about to engineer the next great bubble — the trillion dollar carbon cap and credit market.

To my surprise, Enron, one of the most corrupt gangsters besides the Goldman Sachs mafia also take part in this new carbon-credit scheme. (pay no mind to the AWG propaganda):

“the first thing you need to know about Goldman Sachs is that it is everywhere. The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.” -Matt Taibbi

Here’s a link to a compact summary and critique of the Stone article from “the Atlantic”:_  Link

The opening paragraph, “the first thing you need to know about Goldman Sachs is that it is everywhere.  The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.”

On the housing bubble (No. 3 of six covered by the author):  “…[A]t the dawn of a new millennium, they [mortgage dealers] ..started writing mortgages on the backs of napkins to cocktail waitresses and ex-cons carrying five bucks and a Snickers bar.  None of that would be possible without investment bankers like Goldman Sachs who created vehicles to package those shitty mortgages and sell them en masse to unsuspecting insurance companies and pension funds.”

And he leaves the best for last.  The global warming scam passed by Congress last week.  Goldman Sachs is in the middle of it, as usual– a potential trillion dollar sure thing.  He also whacks Former Vice President Al Gore who will profit from the cap-and-trade plan through his company, Generation Investment Management,– Gore is joined by three former Goldman Sachs heads in their carbon offsets business.