by Don Washington on 2012/01/03
Goldman Sachs is a cancer on democracy, there I said it and I wasn’t struck by a bolt of lightning but thanks to President Obama signing the NDAA I’ve now just become even more subject to arrest and permanent secret detention. Thanks President Obama if I didn’t KNOW that half the GOP field and the next GOP President is one terrorist incident, which could be anything from using this power I’d not vote for him. But this isn’t about that it’s about Goldman Sachs, the most destructive and evil force on the planet and possibly in this dimension, which is at present taking up residence in Chicago and is an integral part of Mayor Emanuel's new political machine.
Let me start with the absolutely unbiased assertion that there is no curse in English, Elvish, Entish, Dwarven, Klingon or Old Republic Common to encompass the sheer soul-numbing evil that is the on-going criminal conspiracy that is Goldman Sachs. We’re talking causing mass starvation for profit, epic-global fraud that impoverished pension funds, municipalities, cast and is casting millions of Americans in foreclosure. We’re talking about subverting the government to the point where they; in their semi-human incarnations of Rubin and Paulson and demi-human servants Bernanke, Geithner and Summers are IN control of the agencies that should be working to banish this demon back to its home plane. This is an entity that is so evil and has so corrupted every aspect of our financial system that lured people into buying investments that it created to fail to steal their money not once but twice.
So given the harm that Goldman Sachs has proven that they are capable of doing to the global economy it is not surprising that they are operating here in Chicago under an assumed name. That would be the Chicago Microlending Institute. You may have read somewhere that their agent here in the city of Chicago, Mayor Rahm Emanuel, was loudly touting the $25 million dollars that Goldman Sachs is “providing” the city of Chicago to help small businesses get started. Let’s be clear what’s actually happening here. The Mayor is opening a $25 million dollar market for a multi-billion dollar entity that specializes in creating bubbles that leave investors and lenders holding the economic equivalents of flaming bags of fill in your own stuffing.
While we are being clear, wrap your mind around what else is happening here. Goldman Sachs is trying to rehabilitate the accurate perception that the only time they acknowledge someone not worth millions is when they are cleaning them off the bottom of their shoe or windshield as they economically step on them or run them down. And here’s the sad truth about what the deal is here. If they were actually trying to act like a responsible bank and upstanding member of civil society by providing a service business needs that would not be a bad thing but this is Goldman Sachs. So what it really means is that Mayor Emanuel is using the power of the city to vouch for an entity whose credibility ranks up there with a polar bear promising to look after newborn baby seals for you. There is also the business of how micro-lending works in an American context and how it is likely to work in Chicago. If you clicked the link you could not help but get the sense of how high interest rates and fees seem like something that will make someone rich. Guess who it will not be helping… that’s right the borrower.
So what we have here is the Mayor of Chicago opening a lucrative market to a campaign investor with a track record of avarice, fraud that trends toward the long-term. It takes a while to create a bubble and here’s what you need to know about this little micro-lending program of Goldman Sachs. It’s not just here in Chicago, it’s in a lot of cities all across the country and Goldman Sachs is laying out $500 million in seed money in this endeavor. What past practice tells anyone who has been paying any attention to these people is that if they are laying out that kind of money they plan to make not just a healthy profit but likely an unhealthy profit on it. When I say unhealthy profit I am talking about derivative fraud and worse, which is what Goldman Sachs actually does to make its money. The scent of law suit is rising from this column but it’s not me saying it. It might be the SEC I’m just the messenger.
One would think that a responsible guardian to the public trust would not allow these vampiric demon-spawn within a thousand miles of their city or its citizens. After all what assurances do we have that Goldman Sachs is not out doing what it does better than anyone else in the world; creating a destructive financial bubble that will burst with the intensity of a super nova and leave behind an newly impoverished and terrified populace in its wake. From the internet tech bubble to the present housing crash the one thing we can count on is that if Goldman Sachs is setting something in motion the words scam, Ponzi, settlement and admits to no wrong doing cannot be far behind. This time the victims will be small businesses and our Mayor is excited to be part of this plan because this is part his political machine that feeds souls and dreams and spits out money and power.