Goldman Sachs - Ruler of the World

Goldman Sachs has been in the news quite a bit in the past few days. First, they are suing a blogger for blogging about them. The blogger in question, Mike Morgan, whose blog you can find at GoldmanSachs666.com, is a registered investment advisor that is apparently just fed up.

Just to have my chance to chime in, I agree with everything that Mr. Morgan is saying about Goldman Sachs. I think it’s awfully suspicious how certain people seem to float into government from Goldman Sachs. Henry Paulson was an ex Goldman CEO, and there are many more examples.

Goldman Sachs just posted a quarterly profit of 1.8 billion and the markets cheered and the carry trades rallied. However there are two important points that no one seems to be addressing here. The first one being that GS just changed their fiscal year. It used to run from December to the end of November. It was just changed to run with calendar quarters. What happened to December? It is conveniently left out of the recent “profits” that have the market rallying. The second thing, GS was a huge beneficiary of the AIG bailout. They received payouts from failed investments at 100 percent of face value. Should we really rejoice at a declaration of profit that was only possible because of a cash grab from taxpayers?

I just ask the questions here, you have to decide on the answers for yourself. This affects all of the markets. People are being fooled into thinking that things are better than they are. Even the carry trading currencies showed strength because of this news. I think it’s time to take a close look at how the US economy is being run. It seems to me that a change is in order.