Op-Ed: The Goldman Sachs project — New world government?

Posted Nov 18, 2011 by Daniel Lick
By leading the world's economies into chaos, Goldman Sachs is creating a situation where they can replace key government leaders with their own people.
It's a cheap con: scare your victim then move in to offer “protection.”
That’s the technique that’s now being used on a global scale to oust world leaders and effectively take over world government.
Goldman Sachs is a global bank that specializes in mergers and acquisitions, asset management and prime brokerage. It provides financial advice to corporations and governments around the world. Its executives can be found in all key levels of government - Mark Carney, head of the Bank of Canada, Stephen Friedman, Chairman of the Federal Reserve Bank of New York, Mario Draghi, President of the European Central Bank and Henry Paulson, former Treasury Secretary (USA) and Otmar Issing, a one-time board member of the Bundesbank and ex-chief economist of the European Central Bank.
Goldman Sachs are the world's foremost experts on taking over large institutions and running them. Their people - current and former Goldman Sachs executives - have been quietly advising world leaders on economic policy for years. No one is in a better position to take over and manage the world, for their own profit.
Goldman Sach's plan is simple: run the economy into the ground and step in to save the day.
Look at the results so far. In two European countries, elected leaders have been removed and replaced with executives with sweeping powers. What's not apparent from news reports is that the new leaders of Italy and Greece are closely connected with Goldman Sachs.
Lucas Papademos, named new Greek Prime Minister was former head of Greece's Central Bank, where he worked closely with Goldman Sachs to help the Greek government mask the true extent of its deficit.
Mario Monti was an international adviser to Goldman Sachs from 2005 until his nomination to lead the Italian government. He also worked closely with Goldman Sachs to reduce the apparent size of Italian government debt.
Stephen Foley from The Independent described the situation in Italy:
The ascension of Mario Monti to the Italian prime ministership is remarkable for more reasons than it is possible to count. By replacing the scandal-surfing Silvio Berlusconi, Italy has dislodged the undislodgeable. By imposing rule by unelected technocrats, it has suspended the normal rules of democracy, and maybe democracy itself. And by putting a senior adviser at Goldman Sachs in charge of a Western nation, it has taken to new heights the political power of an investment bank that you might have thought was prohibitively politically toxic.
These may not be the first occasions Goldman Sachs has deliberately run economies into the ground. In what may have been a trial run of the Goldman Sachs Project, the Russian Financial Crisis of 1998 demonstrated the effectiveness of the technique.
Mark Carney, working for Goldman Sachs at the time, was advising the Russian government on economic policy. These policies ended in a severe economic collapse, which just happened to profit Goldman Sachs tens of millions of dollars. In spite of their involvement in a 1.25 billion dollar bail-out of the Russian government, Goldman Sachs appears to have been betting against success. Mark Carney went on from there to head up the Bank of Canada, and then on to the Financial Stability Board – the new global watchdog on the world's biggest banks - placing him in an ideal position to repeat the process on a larger scale.
The 2007 sub prime mortgage crisis in America was a similar situation. In spite of the turmoil in the markets, Goldman Sachs again seemed to anticipate the crisis, managing to make an initial profit of 4 billion dollars. They then profited from the bail-outs by borrowing 782 billion dollars from the government between 2008 and 2009. Not difficult to do when your own people are creating government policy.
Look at the headlines. In spite of the apparent financial chaos we are going through, banks are making record profits:
HSBC, Europe's biggest bank, has reported pre-tax profits of $19bn (£11.8bn) for 2010, more than double the $7.1bn figure for 2009.
Bank profits soared to their highest level in two years as near-zero interest rates and lower reserves for future losses allowed U.S. banks to book an $18 billion quarterly profit in the midst of a prolonged economic downturn.
... so far this year, the firm (Goldman Sachs)has socked away $16.7 billion to compensate its young masters of the universe, and analysts believe that before the year is over Goldman will skim $23 billion off the top to keep its employees preposterously rich.
Taking control of the world's governments is, in fact, the ultimate way to ensure profits. But profits are not the only goal. This is something new. A true world government. A government you cannot see and cannot appeal to because it doesn't openly exist. A government responsible only to its real citizens – the corporate elite.