The announcement today that the Securities and Exchange Commission sued Fabrice Tourre, a Goldman Sachs vice president for fraud should not surprise you. I have warned the readers of this blog and elsewhere for years about the fraud and corruption in our financial markets and how the international banksters have been stealing your money.
Greg Gordon, a reporter for McClatchy Newspapers, talked with Alex Jones last year about Goldman Sachs Group peddling more than $40 billion in securities backed by at least 200,000 risky home mortgages and never telling the buyers it was secretly betting that a sharp drop in U.S. housing prices would send the value of those securities plummeting.
Read How Goldman Secretly Bet on the U.S. House Crash.
Goldman Sachs, J.P. Morgan Bank, Bank of America, CitiBank, and others are all the same corrupt players that brought America to her knees with their manufactured financial crisis over the past few years. This latest revelation is nothing new… only more visible now.
Bloomberg has reported that Paul Miller, a former bank examiner for the Federal Reserve Bank of Philadelphia said, “People are wondering whether Goldman was the only company that had a senior vice president lying and misrepresenting a security.”
That shouldn’t be difficult to answer. Of course there are others. In fact, Fabrice Tourre is probably only a lower level fall guy taking the rap for his superiors. The alternative media have been reporting for years on many inconsistencies and unscrupulous practices by all the major banking players. Plus, they have reported on many of the politicians in Washington who are bought and paid for by Goldman Sachs, J.P. Morgan, and others, to protect their schemes and make $Billions off the taxpayer.
Bob O’Brien writes in his book, Symphony of Greed – Financial Terrorism and Super-Crime on Wall Street, “The integrity of our markets is flawed, bad guys are breaking the rules with impunity, and there are no meaningful penalties being exacted to serve as a disincentive. Some of those bad guys are associated with the criminals and terrorists that are sworn adversaries of our nation, and it’s likely not accidental that the abuses being propagated could have long term negative consequences for our country.”
Don’t expect any high level Goldman Sachs criminals to be punished because they have too many friends in high places to protect them. Senator Chris Dodd (D-CT) and Representative Barnie Frank (D-MA) are both bought and paid for by international banking interests and will do everything they can to divert attention away from the truth and obstruct justice. The Obama administration is filled with ex-Goldman Sachs criminals including Robert Rubin, Lawrence Summers, and Timothy Geithner’s Chief of Staff Mark Patterson who will work hard to cover up any wrongdoing by their crony buddies.
I have warned, as have many other leading financial experts of the impending collapse of this international banking ponzi scheme and how these banksters are using worthless paper instruments to manipulate the markets to transfer your wealth into their pockets.
That’s exactly what Goldman Sachs did here… Goldman Sachs created and sold CDOs tied to subprime mortgages in early 2007, as the U.S. housing market faltered, without disclosing that hedge fund Paulson & Co. helped pick the underlying securities and bet against them, the SEC said in a statement today. The government’s civil suit claims investors in the CDO lost more than $1 billion.
Goldman client Paulson & Co., a hedge fund, paid Goldman around $15 million in 2007 to come up with an investment tied to mortgage-related securities that the hedge fund expected to fail. Paulson took out an insurance policy that allowed it to make a huge profit when the value of those securities went cascading down a black hole.
Of course Goldman Sachs denies any wrongdoing. H ave you ever he ard a criminal acknowledge their crime? Not very often. Most all of them claim innocence. But, I challenge you to open your eyes and look at their record over the years… look at their “fruit,” if you will, and I’m confident you’ll see the same corruption many others of us see.
Don’t take me wrong here… I’m not saying that Goldman Sachs is alone in this conspiratorial corruption. It is a systemic problem running throughout our entire financial markets right down to your local banker and financial adviser. It has been going on for years and is all part of the incremental plans of the New World Order to enslave you.
According to Goldman apologist, Jim Cramer, it is business as usual. “Goldman does not sell washing machines. They do not sell vacuum cleaners. They sell pieces of paper that are fully disclosed, and you can go long or short them based on the info. There is no guarantee. There never has been,” writes the carnival barker for the world’s largest sucker casino.
In what perhaps may prove to be the largest fraud in history uncovered at J.P. Morgan, trader turned whistleblower Andrew Maguire demonstrates how they are manipulating the gold and silver market with more of their complicated paper instruments. I’ll bet you haven’t heard much about it reported in the mainstream media or by the CNBC funny guy and corporate shill, Jim Cramer.
C. Austin Burrell writes in his blog, “Today, the National Inflation Association made the momentous announcement of the US having passed a critical “Tipping Point”, that being the level at which if 100% of all income were taxed from payers, it would not cover the expenditures of the US Government. If you can’t understand what this means, then as a citizen, you damned well better learn. We have gone over the edge of a precipice that can’t be easily recovered. The futures of our currency and of the currencies of the World are in acute jeopardy that would predict the probability of an unprecedented collapse of our global economy. This collapse comes at a time when, as never before in American history, our national system of government and laws are imploding.”
Wake up before it’s too late… the time is short. You had better learn how to take responsibility for yourself and your family soon or you’ll wake up one day to discover those international banksters own it all and you have nothing.
Thomas Jefferson said, “I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”