Help From Goldman Sachs

Back in 2012 and 2013 I started seeing ads on TV where Goldman Sachs was explaining how much they were doing to make things in America better. At the time, I new little about Goldman, except that they were a bank involved in the 2008 melt-down, and they got taxpayer money in the bailout.

It turns out that in October 2011 when Greece's prime minister, George Papandreou, started talking about letting the Greek people vote on whether they wanted to participate in the Eurozone's Austerity bail-out, he was replaced by the former vice president of the European Central Bank, Lucas Papademos, and the Greeks got an Austerity plan. How did they get into the mess?

Well, when Greece wanted to enter the Eurozone back in 2001, they had a lot of government debt. More debt than the Eurozone allowed. Guess what global banking company helped them hide it? Yup, Goldman Sachs. So when Greece got into trouble, the forced out the democratically elected prime minister, and put in a banker. And Papademos, well Papademos, like Henry Paulson, the US Treasury Secretary during the US bail-out, both from Goldman Sachs. It turns out that the technocrats that are currently or who have steered the post-2008 fiscal policies in Greece, Germany, Italy, Belgium, France, and the UK, all hail from Goldman Sachs. The head of the European Central Bank itself, Mario Draghi, was the former managing director of Goldman Sachs International. As the Daily Koos summed it up in November 2012, "The normal scenario usually involved 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 gets gutted."

First it was the S&L's, then Enron and energy, then the entire banking system. Now they are going after entire nations. I see a pattern here.But what's left?