Goldman Sachs Video - Rolling Stone - gulp!

Check out this video interview with Matt Taibbi of Rollin Stone Mag.

It's fascinating about 3 big bubbles dot com, housing/credit... but especially the more hidden "commodities bubble" - and Goldman Sach's role re our gas prices etc.

www.rollingstone.com...#

Really worth the look - I think.

This was the video that I found stunning:

Powerful Influence

A lot of this stuff is already known if you have been paying attention on ATS, but it is always refreshing when there is video to go along with the ideas so that the unwashed masses can understand the issues.

Rolling Stone did good by having the guts to bring this story to everyone.

Originally posted by trusername

Check out this video interview with Matt Taibbi of Rollin Stone Mag.

It's fascinating about 3 big bubbles dot com, housing/credit... but especially the more hidden "commodities bubble" - and Goldman Sach's role re our gas prices etc.

www.rollingstone.com...#

Really worth the look - I think.

I love goldman's reply

firing back that Taibbi's piece is "an hysterical compilation of conspiracy theories" and a spokesman adding, "We reject the assertion that we are inflators of bubbles and profiteers in busts, and we are painfully conscious of the importance in being a force for good

now goldman would WANT you to believe that taibbi's talking about little green men plucking everyone from their home at nite and molesting them........or something absurd......but all he is talking about is corruption and banking.......

he lays out all the positions of high influence that goldman executives hold.......anyone who ever passed middle school should be able to see the revolving door between private sector and public office and the Growing conflict of interest this creates which manifests itself in lax regulators .....bankers doing what they are able to ....and bubbles bursting.....but GS takes the time honered line deny deny deny

matt T lays out the next bubble like many here have and he does so by basically it will be the "cap and trade" carbon credits derivatives bubble and says this won't even require goldman to rig because the gov't is gonna rig it for them and the commodity price rise will be gov't mandated.........

can anyone really think this is nonsense anymore .....why would you create a attitude of "nah i don't wanna believe this" when this attitude allows fraud to expand until all the sand blows out from around your head

[edit on 7-7-2009 by cpdaman]

[edit on 7-7-2009 by cpdaman]

On the commodity bubble:

In 1999, Bill Clinton Signed into law the Gramm-Leach-Bliley Act, allowing mega corporations, wielding ungodly sums of money, to merge together and begin speculating in the derivatives and OTC market. It also made the now famous credit default swaps legally impossible to regulate.

Adding to the volatility of the market, oil prices were soaring to never before imagined heights, due mostly to the speculative activities of institutions fomenting higher prices with their 10s of billions of capital and low margin requirements:

world consumption of oil at 87 million bpd was far exceeded by the "paper market" for oil, which equals about 1.36 billion bpd, or more than 15 times the actual market demand.
www.reuters.com...

A study of the oil market by Masters Capital Management was released which claimed that speculation did significantly impact the market. The study stated that over $60 billion was invested in oil during the first 6 months of 2008, helping drive the price per barrel from $95 to $147 per barrel, and that by the beginning of September, $39 billion had been withdrawn by speculators, causing prices to fall.
www.thetimesonline.com...

www.abovetopsecret.com... ead476241/pg1