MASSIVE FINANCIAL FRAUD CONSIDERED NATIONAL SECURITY THREAT, ECONOMIC TERRORISM
By Gordon Duff STAFF WRITER/Senior Editor
How do I explain short selling? OK, you buy a new car. The salesman puts sugar in the gas tank and slashes the tires. Then you find your warranty is useless. “Short selling” is worse. If you thought your bonds and mutual funds became worthless because of something you did or the economy, you are wrong. When hundreds of billions in investment products were sold by Goldman Sachs, all misrepresented, all nearly worthless, Goldman Sachs took your money and used it to crash the investments they just sold you, making a second profit out of cheating you. In any normal world, this would mean life in prison for all involved.
Nearly every pension fund and 401k, every college fund in America dropped dramatically because of these fraudulent and unethical acts. Millions of Americans will have to work into their 70s and 80s because of Goldman Sachs, work if they can still find jobs. Goldman Sachs helped take those away too. Not just major employers but governments, cities and states, all can no longer pay the pensions they have guaranteed their workers. The money is gone. It was taken, and not without alot of help.
In the era of “Bush deregulation,” stealing from working people is called “free market capitalism” and protecting people from thieves is called “socialism.”
I can’t think of a single difference between Goldman Sachs and someone breaking into your home with a gun other than Goldman Sachs would take the house too. Not only did Republicans legalize investment fraud, they are now trying to keep these crimes legal by preventing our government from restoring the criminal laws that used to send thieves to prison.
As far as financial crimes go, the gang from Goldman Sachs is the most dangerous group to have ever been investigated by Congress. Thus far, only one Republican member of congress, Senator Voinovich from Ohio, is siding with the American people. Why would a company purposefully destroy the financial security of 5 million American families?
They did it with the blessing of hundreds of our elected officials without a word from the mainstream news about any of it, not until it was too late. Was it a conspiracy against America, a conspiracy to financially destabilize our country?
Of course it was and they are trying it again.