September 27, 2011
"Goldman Sachs Rules The World"
Live on BBC: "The Governments Don't Rule The World, Goldman-Sachs rules the world."
What's really frightening is that the guy, even if he is a yes man, is right.
Posted by b on September 27, 2011 at 11:45 AM | Permalink
That guy - A. Rastani - has a site called “Leading Trader - Trading with an edge” which is either personal hubris (the site is very lame) or trolling for customers.
He is really only defending his profession, pointing out that any volatile ‘market’ - any ups and downs and changes - afford the oppo for traders to make money. Nothing worse than a stable world, for them. So he dreams that the EURO will crash, or whatever.
Not new. Like, unemployment is good, to squeeze workers and ...etc.
Such candor may be seen as surprising and refreshing. Certainly Kudos for him - the BBC pretending to be appalled, no less, oh the simulated horror! Media exposure...nothing like it! He is a nobody trying for a wedge in the big time, a poor sap.
Goldman Sachs (Banking, finance, not just them) does not rule the world. They are parasites dependent on a certain organisation and elite, and they are dead scared. (I'm in an optimistic mood.)
Posted by: Noirette | Sep 27, 2011 12:17:28 PM | 1
that guy is a complete idiot, all he knows is the screen in front of his nose.
less complete - in English -
when states /capitalism are in crisis the solution is war.
now for normal people, planning for a crisis,
if you can, you buy your own house, buy a hut or at least a tent,
you don't leave your money in the bank, you invest, i.e.
into growing your own food, renting a garden is cheap in this country, renting a field even more,
you buy a few hens and a cow.
old fashioned useful advice. My parents went to the countryside to steal or to sell. The wood is free for everyone. In some situations, farming is best.
Learn a foreign language.
Posted by: somebody | Sep 27, 2011 3:16:53 PM | 3
oh I forgot the gypsy/traveller advice
get this expensive watch, buy gold or diamonds anything that is portable and easily sold
Posted by: somebody | Sep 27, 2011 3:18:42 PM | 4
oh and personal, marry the one you are close to.
Posted by: somebody | Sep 27, 2011 3:20:30 PM | 5
There was a smart trader Rastani
Who insisted on wearing Armani,
'Til the whistle he blewed
That we are all screwed
Now his outfit is prison pajami.
Posted by: Cynthia | Sep 27, 2011 4:27:56 PM | 6
they can only rule you if you choose to be ruled...Take the bombing on Libya: thatd not be possible if the pilots refused to obey orders: ignorance obedience trust faith etc are all used to control people and make them do what their controllers want
Posted by: brian | Sep 27, 2011 5:45:08 PM | 8
Pepe's latest piece is germane to this topic.
Here's how it begins...
Decline and fall of just about everyone
(Pepe Escobar, Asia Times, Sep 26 2011)
More than 10 years ago, before 9/11, Goldman Sachs was predicting that the BRIC countries (Brazil, Russia, India, China) would make the world economy’s top 10, but not until 2040. Skip a decade and the Chinese economy already has the number two spot all to itself, Brazil is number seven, India 10, and even Russia is creeping closer. In purchasing power parity, or PPP, things look even better. There, China is in second place, India is now fourth, Russia sixth, and Brazil seventh. No wonder Jim O’Neill, who coined the neologism BRIC and is now chairman of Goldman Sachs Asset Management, has been stressing that “the world is no longer dependent on the leadership of the US and Europe.” After all, since 2007, China’s economy has grown by 45%, the US economy by less than 1%, figures startling enough to make anyone take back their predictions. American anxiety and puzzlement reached new heights when the latest IMF projections indicated that, at least by certain measurements, the Chinese economy would overtake the US by 2016. Until recently, Goldman Sachs was pointing towards 2050 for that first-place exchange. Within the next 30 years, the top five will, according to Goldman Sachs, likely be China, the US, India, Brazil and Mexico. Western Europe? Bye-bye!
Posted by: Hoarsewhisperer | Sep 28, 2011 1:00:02 AM | 9
@9, so let me get this straight. We're to believe Goldman Sachs about ANYTHING that's public knowledge? I don't think so, and Pepe is foolish to take them at their "on the record" word. Also, there's that little thing called a disclaimer about forward looking statements. They're talking about 2050 here. No one, but no one can predict with any accuracy how things will fall out by 2050. For example, do you think that thirty eight years prior to today anyone would have envisioned the relationship the U.S. now has with China. A select few may have envisioned it, and perhaps that was the purpose of Nixon's visit, but the vast majority, including many "insiders", would never have predicted it. And, that's just one example of many. In my opinion, Goldman Sachs and Pepe can take this piece of shit report and stuff it where the sun don't shine. If you want to stop playing by their script, you have to throw their script in the ash can and create your own script. Fuck you, Goldman Sachs!! I predict that within the decade, many of you will be summarily executed. Ironically, if China was the Top Dog, you already would be, you Sachs (me make funny haha) of Shit. In fact, when you vermin are executed, I don't think I will be shedding any tears. Instead, I think I'll break a bottle of Tito's open and toast the Year One (Won).
Posted by: Morocco Bama | Sep 28, 2011 8:47:38 AM | 11