i think so too. GS has its tendrils everywhere. in a 1932 congressional hearing there was this famous dialogue between Mr. Sachs and a congressman who's name i don't remember, about the GS investment trust issued in '29 at $108 that traded at $1 3/4 in '32. they were always proficient in fleecing the public.
anyway, Rubin came from GS, and so they're really involved in the highest echelons of power. no big wonder that it ia ALWAYS GS that's involved in rescuing the market via the spoos. oh, and Harpo is also a GS based propaganda and brainwashing tool...
needless to say GS is also at the forefront of the gold market manipulation.
it would really be nice to see some of their schemes go awry.
actually their fortunes have turned a little of late anyway. beginning with the dismal performance of their recent IPOs, the scandal surrounding the IPO of that Dutch i-nut, the name escapes me now, and their subsequent getting booted from the NTT offering by the Japanese government.
it's actually refreshing to see the Japanese say "NO" to GS. i think if it were not for Japan's security dependence on the US, they would have long ago stopped supporting the bubble and would be working on establishing a gold backed Asian currency and trading bloc.
actually i think Japan owns a lot more leverage than it realizes. yes, it is dependent on the US in security matters, but the same holds true the other way around, since the US can not really do without Japan in terms of its own security interests in the region.
i think the Japanese are extremely frustrated with Summers and his abrasiveness....he's insulted them time and again. that's not to say that he wasn't right with his comments factually, only that he sorely underestimates what a repeated loss of face means to the Japanese.
one day we could possibly see the more nationalistic elements in Japanese politics gaining the upper hand, and that would be the end of the bubble.
sorry for ranting... |
