Catherine Austin Fitts had an insightful take on the offering up, at least nominally, of Goldman Sachs. Interesting dynamics to say the least, as some of the Big Boys are learning there simply aren't enough seats at the Big Boy's table to go around.
I'm still not convinced that we're seeing anything more than show trials to for Washington critters to appease the American people, as if to say "we're not bought and paid-for, really" especially at a time when the "Reform" bill is oozing its way through committee. If you're reading this, then I don't have to tell you that the bill would be more appropriately called the Fed Enabling Act as it will increase the powers of the privately-owned Federal Reserve whose stakeholders own the banks they claim to regulate. When oh when will the larger part of the American public catch on to the pattern of being sold that a solution to any crisis is to grant more power to the Mafiosos who caused the crisis?
Meanwhile, no one outside the fringe cares to discuss the even larger market manipulation by JPM.
By Catherine Austin Fitts
It makes sense to pause in the outpouring of news about Goldman Sachs to ponder what has happened and the nature of the game that is afoot.
Goldman is the visible target in a game of economic warfare. Who is on the other side is not clear. For want of a better term, let’s call the other party “Mr. Global.”
Mr. Global has arranged for Goldman to be “swarmed” - attacked or threatened with attack by multiple parties, including government agencies, the media and private players, including competitors. Presumably, Mr. Global has serious private and governmental intelligence capabilities and resources. However, Goldman Sachs does too.
We watched the Chairman and CEO Lloyd Blankfein yesterday confirm intestimonyon the record that reform was needed, which included passing the financial services reform bill put forward in the Senate by Senator Dodd. We can presume that Mr. Global has made it clear to Goldman that unless they get on board with promoting the bill that things will not go well for them. (Read Full Article)
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