Sachs - first learn, then earn and serve
What makes Goldman Sachs alumni at the center of international
finance? Is it pure talent and business acumen, or is there more to the equation, then grooming the best and the brightest?
The answer lies in the indisputable perquisite that places Goldman Sachs Above the Law. How did this banking concern become the most powerful political influence
in government policies? Well, central banking certainly is at the core of their economic clout. The ‘TC’ essay
Federal Reserve is a Cache of Stolen
Assets goes into methods that results in the financial slavery. But what makes
Goldman Sachs central to their dominance of nations and so many governments?
A pursuit for answers and an explanation needs to investigate internal
workings and crucial critiques that demonstrate patterns of global dominance. Former GS operative Greg Smith wrote in the
New York Times, Why I Am Leaving Goldman
"It might sound surprising to a skeptical public, but culture was always a vital part
of Goldman Sachs’s success. It revolved around teamwork, integrity, a spirit of humility, and always doing right by
our clients. The culture was the secret sauce that made this place great and allowed us to earn our clients’ trust for
143 years. It wasn’t just about making money; this alone will not sustain a firm for so long. It had something to do
with pride and belief in the organization. I am sad to say that I look around today and see virtually no trace of the culture
that made me love working for this firm for many years. I no longer have the pride, or the belief."
Goldman Sachs reached the pinnacle of investment banking because it served the fiscal needs
of its clients. When businesses profited from the relationship, all was well for the masters of the universe. The focus upon
providing value to substantial businesses, that actually provided constructive products and services, was a formula that has
merit and meaningful purpose. Now, essential ethic standards, has become subordinated to the practice of exerting primary
political control. Designing exotic deceptive products intent upon usurious returns, betrays the very foundations of raising
capital to finance legitimate business development. The excellent analysis
from The Economic Collapse site provides a list of compelling arguments in 11 Reasons Why America
Would Be A Better Place Without Goldman Sachs. #9 illustrates the real aim behind the curtain. The Wizard of Oz has a Goldman address.
Moreover, the tentacles of
international reach have extended well beyond the former bastion of American capitalism. Goldman Sachs takes over
America and now Europe is all part of "gods work" . . . Since this year old arrangement
was adopted the faltering EU economy intensifies, while the consolidation of political union under the GS model of financial
Sachs has way too much influence over the federal government. There is a reason why it is commonly referred to as "Government
Sachs". No matter who is the White House, people that used to work for Goldman and other big Wall Street banks always
seem to be crawling around."
If you think, the UK escaped this round
of exploitation, ready yourself for Mark Carney: Bank governor's
journey from wilderness to heart of the City. "The earning years were – naturally – at Goldman Sachs,
where he was marked out as one of the very highest flyers while working in London, Tokyo and New York. The switch to public
service – and the public profile that brings – came with a move into central banking, first as deputy and then
as governor of the Bank of Canada, in a spell that included the global financial collapse."
"Now, the EU has given
Goldman Sachs and Co. an unlimited free hand to fleece taxpayers – through the European Stability Mechanism (ESM). It
is a permanent facility to replace the temporary Financial Stability Facility and the European Financial Stabilisation Mechanism
once Member States, representing 90% of capital commitments have ratified, probably in July 2012.
ESM is a contract of debt. . . . The authorized share capital must be 700bn €. (to be increased)
9]: "… ESM members commit themselves irrevocably and unconditionally to pay on demand any capital that is demanded
of them … within 7 days of receipt of the request.".
10]: "The Council of Governors may decide to change the authorized capital and Article 8.
27, lines 2-3]: "[Article 27, line 4]: "The property, funding and assets of the ESM shall . . . be immune from every
form of legal proceedings – as shall ESM property and assets, governors, deputy governors, directors and officials.
The ESM is an intergovernmental organization, not subject to laws – and not subject
Scott Brison, economic spokesman for
the Canadian Liberal party – known as "finance critic" – and, a personal friend of Carney's, provides
"Mark has the economic background;
but also he has personal understanding of the industry. He has peer-to-peer credibility with some of the top bankers in the
world. There's a language; there's a cadence."
learn, then earn and serve translates into protecting the domination goals of Goldman Sachs. The new code, The Goldman Sachs Business
Principles, "Our clients’ interests always come first.", actually means
that the ultimate patrons of Goldman Sachs are the owners of the international central banking system. The public show of
faction dissent among banksters is simply posturing. GS only services one nefarious master.
his international role, as chairman of the G20's Financial Stability Board, he has not only been a strong advocate of tighter
regulation, but notched up a furious shouting match with JP Morgan boss Jamie Dimon. Perhaps not surprisingly, given how fast
he has risen, Carney has a steely side: several people remembered being warned off disagreeing with him. And he had that life-plan
from a relatively early age. "I have heard him say 'learn, earn, serve,'" says Brison. "He is someone who chooses
public service: he is not a materialistic guy."
James Hall – June 19, 2013
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