Donald Trump is conniving with Goldman Sachs, the “bank of mafiosa”

"I need to get ready to suck the blood of every decent American again. Oh, brother."
“I need to get ready to suck the blood of every decent American again. Oh, brother.”

…by Jonas E. Alexis


If you have read Matt Taibi’s assessment of Goldman Sachs, then you know that it is one of the most corrupt companies in the world. Goldman Sachs was partly responsible for the crash market in 2008. Taibi’s cogent statement is apropos here:

“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.”[1]

Taibi supported his assertion with a mountain of evidence.[2] But if you think he was smoking something weird when he penned those words, then consider Greg Smith, former Goldman Sachs executive director and head of the firm’s United States equity derivatives business in Europe, the Middle East and Africa.

Smith, who is Jewish, said that he left the company in 2012 because the oligarchs in the company don’t give a flip about their customers. They only care about “making money.”[3]

“Today,” Smith said, “if you make enough money for the firm (and are not currently an ax murderer) you will be promoted into a position of influence.” Well, how do you go about making money for the company? Do executives really abide by moral principles? Well, let’s see:

“What are three quick ways to become a leader? a) Execute on the firm’s “axes,” which is Goldman-speak for persuading your clients to invest in the stocks or other products that we are trying to get rid of because they are not seen as having a lot of potential profit. b) ‘Hunt Elephants.’

“In English: get your clients — some of whom are sophisticated, and some of whom aren’t — to trade whatever will bring the biggest profit to Goldman.

“Today, many of these leaders display a Goldman Sachs culture quotient of exactly zero percent. I attend derivatives sales meetings where not one single minute is spent asking questions about how we can help clients.

“It’s purely about how we can make the most possible money off of them. If you were an alien from Mars and sat in on one of these meetings, you would believe that a client’s success or progress was not part of the thought process at all.”[4]

Smith was just warming up: “I have seen five different managing directors refer to their own clients as ‘muppets,’ sometimes over internal e-mail. Even after the S.E.C., Fabulous Fab, Abacus, God’s work, Carl Levin, Vampire Squids?”[5]

There is obviously more to Goldman Sachs than meets the eye and ear. Whenever there is a huge scandal related to banking and profit, you can be sure that Goldman Sachs will be there. Economist Robert B. Reich argued that Goldman Sachs even profited from the Greek debt crisis by lending at exorbitant rate.[6]

"Brother Cohn, you're going to be fine in the White House. Remember me when you get there."
“Brother Cohn, you’re going to be just fine in the White House. Remember me when you get there.”

It was also reported that “Goldman Sachs bankers paid for prostitutes, private jets and five-star hotels and held business meetings on yachts to win business from a Libyan investment fund set up under Gaddafi regime.”[7] One Libyan official finally saw that Goldman Sachs was another criminal organization that should never have set foot in the country. He called Goldman Sachs the “bank of mafiosa.”[8]

Well, the “bank of mafiosa” will be spreading its wings in the White House. Donald Trump has announced that the new head of his White House National Economic Council will be a Goldman Sachs executive who goes by the name of Gary D. Cohn. Cohn has been with Goldman Sachs since 1990.

This means that “that economic policy under the president-elect, Donald J. Trump, will be shaped chiefly by veterans of the Wall Street firm,”[9] the very same people who helped ruin the economy and who keep advancing rapacious capitalism and usury. Cohn’s annual salary as a Goldman Sachs execustive was…$22 million a year.[10]

Keep also in mind that Trump attacked Goldman Sachs throughout the political campaign. He said then that there is “a global power structure that is responsible for the economic decisions that have robbed our working class, stripped our country of its wealth and put that money into the pockets of a handful of large corporations and political entities. I know the guys at Goldman Sachs. They have total, total control.”[11]

Now Trump is reinstituting the elite and the oligarchs in his cabinet. They are part of the “global power structure” that has ruined economic progress in America.

“Since his election, however, Mr. Trump has stocked his future cabinet with a number of Goldman alumni, including Mr. Mnuchin, a HEDGE FUNDmanager and a former Goldman trader, and Stephen K. Bannon, a former Goldman banker who is now Mr. Trump’s chief strategist.”[12]

What we have witnessed over the past few years is that Goldman Sachs executives and Wall Street financiers have completely destroyed the economy and the national growth through rapacious capitalism. They give the masses and the unsophisticated the illusion that capitalism is just economic exchange and freedom, when in fact it is inexorably the opposite. As E. Michael Jones points out in his recent magnum opus Barren Metal: A History of Capitalism as the Conflict Between Labor and Usury:

“Capitalism is wrong because it falsifies the economy by claiming that if the economy functions in the interest of the rich, everyone will benefit. This zombie idea is known as trickle-down economics.

“Self-interest needs to be subordinated to the interest of the national economy, and the national economy needs to serve, not the interest of the rich, but the interests of every man, woman and child who makes up that nation.”[13]

In short, the elite and the oligarchs are like Dracula. In order for them to survive, they have to plunder the poor and the needy and even the entire economic structure in America and elsewhere under the umbrella of capitalism.

If Trump intends to put those monsters and zombie economists in the White House, then you can be sure that there will be a form of Hep-Hep riot or Occupy Wall Street across America.

[1] Matt Taibi, “The Great American Bubble Machine,” Rolling Stone, April 5, 2010.

[2] See also Matt Taibi, “The People vs. Goldman Sachs,” Rolling Stone, May 11, 2011.

[3] Greg Smith, “Why I Am Leaving Goldman Sachs,” NY Times, Marh 14, 2012.

[4] Ibid.

[5] Ibid.

[6] Robert B. Reich, “How Goldman Sachs Profited From the Greek Debt Crisis,” The Nation, July 16, 2015; for similar reports, see Jim Armitage, “Greek debt crisis: Meet the Goldman Sachs banker who got rich getting Greece into the euro,” Independent, July 11, 2015; Ben Chu, “Greek debt crisis: Goldman Sachs could be sued for helping hide debts when it joined euro,” Independent, July 11, 2015.

[7] Jill Treanor, “Goldman Sachs hired prostitutes to win Libyan business, court told,” Guardian, June 13, 2016.

[8] Ibid.

[9] Michael J. de la Merced, and Maggie Haberman, “Goldman Sachs to Extend Its Reach in Trump Administration,” NY Times, December 9, 2016.

[10] William D. Cohan, “Wall Street Executives from the Financial Crisis of 2008: Where Are They Now?,” Vanity Fair, March 29, 2015.

[11] Michael J. de la Merced, and Maggie Haberman, “Goldman Sachs to Extend Its Reach in Trump Administration,” NY Times, December 9, 2016.

[12] Ibid.

[13] E. Michael Jones, Barren Metal: A History of Capitalism as the Conflict Between Labor and Usury (South Bend: Fidelity Press, 2014), 31.


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