The Goldman Sachs Crisis
May 7th, 2010 by Yank Elliott | No Comments | Filed in Politics, Positive AttitudeThe Chicago School crowd that engineered Milton Friedman’s policy of using crises to accomplish political objectives is in total control of the Obama Administration. Nearly everyone in the White House and other bureaucracies controlled by the President is influenced by the Chicago School. This includes many in the wildly corrupt Daley machine that pushed Obama into office. The Chicago School in Washington is using the same crisis tactics on Americans they have used on countless countries around the world for many years, according to The Shock Doctrine, a well-researched book detailing the origin and uses of crisis for political gain. The author says Milton Friedman, chief economist at the Chicago School, developed the idea that major economic change can only take place alongside some drastic occurrence when it is easier to get the public to accept policies they would never agree to in the absence of severe trauma. Because of the necessity of acting quickly, Friedman suggested within six to nine months, there need to be alternative plans already in place so they can be implemented immediately. He further suggests a prime activity of economic planners is to develop and keep alive ideas to use when politically unthinkable actions become reasonable behind a disaster. The actions must be quick and irreversible, so that once in place, they can’t be changed, before the populace gets over the shock they have received and begins to revert to their old ways.
Is this not happening right now in Washington? Since President Obama took office, the major crises I can think of resulted in bailouts of gigantic corporations in the finance and automotive industries. Supposedly, much of the money given to these companies has been repaid; I am not certain this is true, but even if it is the money is not being used to retire the national debt. It has simply created a huge slush fund for the Administration to use as it pleases with little oversight or transparency. I think these bailouts, though distasteful, probably were necessary to bolster the failing economy. However, the Chicago School then used the specter of health care catastrophe, aided by several health insurance companies announcing outrageous rate increases, to cram European style Socialized Health Care down our throats. Over the next weeks I will show how they have plans backed up to further take over and control our lives in the way of a Communist nation like the former Soviet Union.
The next crisis to come along was engineered as a way to take over the finance industry centered on Wall Street. Voters hate Wall Street, so this will be an easier sell than most Obama takeover ideas. The crisis conjured to cram down this takeover is the belated SEC civil fraud suit against Goldman Sachs. I don’t intend to defend Goldman; it appears they may have done nothing illegal, but if they were betting against their own products, as alleged, they should have told their investors in fairness. What is important here is the timing of the SEC suit, at the same time the Obama crowd is selling the idea that Wall Street is a deeply rotten crowd, trying to screw the little guys out of their hard-earned wealth. So here comes the good old Obama government to protect everyone with legislation that will severely regulate the financial industry and complete their planned government takeover. There is no coincidence to the timing of the SEC action. The New York Post and others have also remarked the SEC action was not a coincidence?it was perfectly timed to accomplish a takeover of Wall Street, the ultimate result of which could be a government-run economy in the Communist tradition.
Before going further, some of you will say I have copied Rush Limbaugh with this idea. I have not; I began thinking this way when the Goldman story broke. Further, I never listen to Rush and agree with few of his ideas; I only found out about what he said while researching Google for this blog. What I’m saying here is solely my own opinion; I’m flattered I’m not the only person who believes as I do.
The Goldman crisis does not end with the SEC; now the Justice Department is threatening a criminal indictment of the company. If you follow these things you will note the ultimate demise of very large companies after criminal convictions. The trail of company demise includes E F Hutton in 1985, Drexel Burnham Lambert in 1988, and Arthur Anderson LLP in 2002. It is inconceivable to me that the Democrats will allow one of their largest cash cows, Goldman Sachs, to be convicted and, perhaps, go out of business. In fact, the state-run media, through The Washington Post and others, are already saying how difficult a criminal prosecution might be citing the Bear Stearns case the government lost; this is laying the ground work for what is going to happen in the next few months.
The Chicago School in the Administration has already planned how to use Goldman Sachs to accomplish another objective in addition to taking over the financial industry. The Democrats are facing the possibility of massive Congressional losses in November, so they have a plan to bolster their position. They know voters despise Wall Street, so they plan to keep the idea of bad-to-the-core financial firms in front of everyone, right up until the election. At predetermined intervals the Justice Department will issue press releases about a possible criminal indictment of Goldman, right up to election day. Then the criminal indictment will simply go away, lost in after election turmoil. The Democrats hope their appearing to protect all the little guys will keep them from losing some Congressional seats.
There you have it. Goldman Sachs, probably a willing participant in the scheme, is being used to cram financial takeover down our throats, while, at the same time, it is being used to win political advantage in the upcoming November election. It’s the Chicago School way.
My goal in writing about the use of crisis is to get a few readers interested enough to demand a stop to these cram down tactics. Take note of what is happening and act upon it. You won’t get another chance. Once a cram becomes law it becomes almost impossible to undo it, so start calling your Senators and Representatives right now about everything. This is the positive way to counter a very negative situation.
************************
Take back your life. Our program shows you how!
*************************
Tags: chicago school, communist, crisis, democrats, financial, goldman sachs, google, health care, justice department, milton friedman, november election, obama administration, rush limbaugh, sec, soviet union, takeover, wall street










