How Goldman Sachs Rules the World

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Hank Paulsen had famous examples: Robert Rubin, Treasury secretary under Bill Clinton, also changed from Goldman Sachs into politics. Europe and the US are firmly in the grip of Goldman Sachs. The state has become the errand boy of the banks (cf. Moyers and Company).

to read "How Goldman Sachs Rules the World" posted 12/29/2011, click on

http://portland.indymedia.org/en/2012/02/414038.shtml

demandside's picture
demandside
Joined:
Jul. 31, 2007 4:01 pm

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to see how banks have ruled the world throughout history click on

http://www.iamthewitness.com/DarylBradfordSmith_Bankers.htm

J DAILEY's picture
J DAILEY
Joined:
Feb. 23, 2012 7:43 am

From the link

Benjamin Franklin is asked by officials of the Bank of England to explain the prosperity of the colonies in America. He replies,

"That is simple. In the Colonies we issue our own money. It is called Colonial Scrip. We issue it in proper proportion to the demands of trade and industry to make the products pass easily from the producers to the consumers. In this manner creating for ourselves our own paper money, we control its purchasing power, and we have no interest to pay no one."

As a result of Franklin's statement, the British Parliament hurriedly passed the Currency Act of 1764. This prohibited colonial officials from issuing their own money and ordered them to pay all future taxes in gold or silver coins. Referring to after this act was passed, Franklin would state the following in his autobiography,

"In one year, the conditions were so reversed that the era of prosperity ended, and a depression set in, to such an extent that the streets of the colonies were filled with the unemployed...The colonies would gladly have borne the little tax on tea and other matters had it not been that England took away from the colonies their money which created unemployment and dissatisfaction.

The viability of the colonists to get power to issue their own money permanently out of the hands of King George III and the international bankers was the prime reason for the revolutionary war."

-

'til a pity we've ignored our own history and now borrow money into existence rather than just issuing it and spending it into existence. as we once did. The sovereign right of nations has been handed over to banking corporations.. In order to put an additional dollal into the money supply, government first has to borrow it. That wasn't always so in this nation, was it?

Retired Monk -"Ideology is a disease"

polycarp2
Joined:
Jul. 31, 2007 4:01 pm

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End. Fracking. Now!

California is already dealing with the worst drought in that state's history. So, the last thing residents needed was to learn that some of their dwindling water supply has been contaminated.

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