On Monday, the Bank of England named former Goldman Sachs investment banker Mark Carney as its new chief – adding to the long list of former Goldman Sachs bankers who've seized positions of immense power all around Europe and the rest of the world. As Europe descends into an austerity-induced economic crisis, Goldman Sachs is making sure it gets all of its failed investments back. As the British newspaper The Independent reported earlier this year, the Conservative technocrats steering fiscal policy in the Greece, Germany, Italy, Belgium, France, and now the UK, all hail from Goldman Sachs.
In fact, the head of the European Central Bank itself, Mario Draghi, was the former managing director of Goldman Sachs. It’s widely known that Goldman Sachs made the euro problem worse when it helped Greece hide their debt back in 2002. As the DailyKos describes the scheme Goldman is playing, “The normal scenario usually involves helping a nation hide a problem and sell its debt until the problem blows up into a bubble that bursts in a spectacular way…Goldman Sachs then puts their ‘man’ into a position of power to direct the bailouts so that Goldman gets all its money back and more, while the nation's economy gets gutted.”
The same thing has happened in the United States, as the last two Treasury Secretaries came from Goldman Sachs, and Goldman made out like a bandit in the 2008 Wall Street bailouts. Plain and simple, when a bank the size of Goldman can run the world, democracy is dying.
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