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Thread: Inside The Great American Bubble Machine

  1. #1
    Back to work tester! coldfyre's Avatar
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    Default Inside The Great American Bubble Machine

    I was sent this article by a buddy of mine and while its very long (tl;dr for a lot of you) it's very interesting and I felt like sharing it.

    http://www.rollingstone.com/politics...bubble_machine
    From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression - and they're about to do it again

    A few snippets
    Quote Originally Posted by Page 1
    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 money. In fact, the history of the recent financial crisis, which doubles as a history of the rapid decline and fall of the suddenly swindled dry American empire, reads like a Who's Who of Goldman Sachs graduates.
    Quote Originally Posted by Page 3
    The basic scam in the Internet Age is pretty easy even for the financially illiterate to grasp. Companies that weren't much more than potfueled ideas scrawled on napkins by uptoolate bongsmokers were taken public via IPOs, hyped in the media and sold to the public for mega-millions. It was as if banks like Goldman were wrapping ribbons around watermelons, tossing them out 50-story windows and opening the phones for bids. In this game you were a winner only if you took your money out before the melon hit the pavement.

    And one of my favorites
    Quote Originally Posted by Page 6
    And here's the real punch line. After playing an intimate role in four historic bubble catastrophes, after helping $5 trillion in wealth disappear from the NASDAQ, after pawning off thousands of toxic mortgages on pensioners and cities, after helping to drive the price of gas up to $4 a gallon and to push 100 million people around the world into hunger, after securing tens of billions of taxpayer dollars through a series of bailouts overseen by its former CEO, what did Goldman Sachs give back to the people of the United States in 2008?

    Fourteen million dollars.

    That is what the firm paid in taxes in 2008, an effective tax rate of exactly one, read it, one percent. The bank paid out $10 billion in compensation and benefits that same year and made a profit of more than $2 billion — yet it paid the Treasury less than a third of what it forked over to CEO Lloyd Blankfein, who made $42.9 million last year.

  2. #2
    cowabunga
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    sorry but i do not find this interesting at all

    a corporation devoted to handling money is making money and taking money weee shock enron scandal call the polic

    edit: FEDERAL RESERVE GONNA KILL YOUR DAUGHTGER

  3. #3
    Scito Te Ipsum TheOriginalGrumpySpy's Avatar
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    ZEITGEIST did it first.

    "In spite of everything, I still believe that people are really good at heart." -Anne Frank


    “We are what we think. All that we are arises with our thoughts. With our thoughts, we make the world.” -Buddha

    Identity


  4. #4
    ))) joke, relax ;) coqauvin's Avatar
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    Quote Originally Posted by TheOriginalGrumpySpy View Post
    ZEITGEIST did it first.
    yeah but anyone who takes zeitgeist seriously deserves a punch in the throat or two
    Quote Originally Posted by Nermy2k View Post
    yeah obviously we'd all suck our alternate universe dicks there was never any question about that
    Quote Originally Posted by Atmosfear
    I don't know if Obama did anything to make that happen, but I do know that he didn't do anything to stop me from blaming him.

  5. #5
    Senior Member Beef's Avatar
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    You can trust the goverment- ask any Indian.

  6. #6
    ))) joke, relax ;) coqauvin's Avatar
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    beef shut the fuck up
    Quote Originally Posted by Nermy2k View Post
    yeah obviously we'd all suck our alternate universe dicks there was never any question about that
    Quote Originally Posted by Atmosfear
    I don't know if Obama did anything to make that happen, but I do know that he didn't do anything to stop me from blaming him.

  7. #7
    ))) joke, relax ;) coqauvin's Avatar
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    this has nothing to do with the government you tool
    Quote Originally Posted by Nermy2k View Post
    yeah obviously we'd all suck our alternate universe dicks there was never any question about that
    Quote Originally Posted by Atmosfear
    I don't know if Obama did anything to make that happen, but I do know that he didn't do anything to stop me from blaming him.

  8. #8
    cowabunga
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    it has a little to do with the government

  9. #9
    look, it's a victrola's Avatar
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    Are you saying that Indians don't know what government is?
    quotes from the internet

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    Senior Member Oats's Avatar
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    New world order bullshit.

    "debt runs the system"

    Fuck offf.

  11. #11
    ))) joke, relax ;) coqauvin's Avatar
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    Quote Originally Posted by victrola View Post
    Are you saying that Indians don't know what government is?
    would you like some blankets mon ami?
    Quote Originally Posted by Nermy2k View Post
    yeah obviously we'd all suck our alternate universe dicks there was never any question about that
    Quote Originally Posted by Atmosfear
    I don't know if Obama did anything to make that happen, but I do know that he didn't do anything to stop me from blaming him.

  12. #12
    look, it's a victrola's Avatar
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    Quote Originally Posted by coqauvin View Post
    would you like some blankets mon ami?
    They better be 150 thread or better, or your family will be sent back.
    quotes from the internet

  13. #13
    kiss my sweaty balls benzss's Avatar
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    Quote Originally Posted by coqauvin View Post
    yeah but anyone who takes zeitgeist seriously deserves a punch in the throat or two
    The 2nd Zeitgeist was unlikely to have been a surprise to anyone, though
    well i mean

    Quote Originally Posted by Mang View Post
    I need to see a girl getting penetrated in 4 orifices

  14. #14
    λεγιων ονομα μοι sycld's Avatar
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    Don't worry guys, the laws have apparently magically changed so that this will go on forever!


    OMG WHAT HAPPENED NO ONE COULD HAVE PREDICTED THIS!!!!!!!!!11


    PANDAS
    If you don't like them, then get the fuck out.

    Quote Originally Posted by Think View Post
    Atheists are quite right

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