
Who's
that in the
picture? If you're
eating your breakfast,
don't read on, because that's you.
And me, and our friends and families.
It's our financial past, present, and future,
and that of this nation's -- and in fact, the world's --
economies. While it isn't immediately apparent
from the photograph that someone is
making money off what is
happening to us,
they are.
That
someone
is Goldman Sachs.
as far from being a dupe or an idiot
or a knucklehead as one can be, has written
a brilliant piece for Rolling Stone called The Great
American Bubble Machine. And you oughta read
it. But not while you're eating, because it
tastes awful and will turn your
stomach. Here's just a
scent:
"The
first thing
you need to know
about Goldman Sachs is
that it's 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
attempt to
construct a narrative
around all the former Goldmanites
in influential positions quickly becomes
an absurd and pointless exercise, like trying
to make a list of everything. What you need to know
is the big picture: If America is circling the drain, Goldman
Sachs has found a way to be that drain — an extremely
unfortunate loophole in the system of Western
democratic capitalism, which never foresaw
that in a society governed passively by
free markets and free elections,
organized greed always
defeats disorganized
achieve this
using the same
playbook over and
over again. The formula
is relatively simple: Goldman
positions itself in the middle of a
speculative bubble, selling investments
they know are crap. Then they hoover up vast
sums from the middle and lower floors of society
with the aid of a crippled and corrupt state that allows
it to rewrite the rules in exchange for the relative pennies
the bank throws at political patronage. Finally, when it all goes
bust, leaving millions of ordinary citizens broke and starving, they
begin the entire process over again, riding in to rescue us all by
lending us back our own money at interest, selling themselves
as men above greed, just a bunch of really smart guys
keeping the wheels greased. They've been pulling
this same stunt over and over since the 1920s —
and now they're preparing to do it again,
creating what may be the biggest
and most audacious
bubble
yet."

On
the off
chance that you're
still laboring under the
vague hope that Barry Magic
has any intention or desire to save
us from this sort of thing, smoke this. glasses with the pretty smile might well
ought to be stood up against a wall,
given his last cigarette or baby's
heart to eat, and then well
ventilated. But Barack
Obama has got
his back.
In a big
way.