GS is rolling out their next scam, a brand new commodities carbon market

Rolling Stone exposes Goldman Sachs and the carbon credit scam

This post has one purpose and one only – to convince you to follow the link below and read a powerful, eye-opening expose. Even Michael Savage spent an hour on it this week. No, the artitcle not in a conservative journal like the National Review. It’s from the left-leaning, anti-establishment “Rolling Stone Magazine.”

However, since I posted this recommendation, it appears that Rolling Stone has forced the linked article off the web.

The Rolling Stone has a history of not posting key articles and features — that’s logical. They want to sell print newspapers, and apparently haven’t learned how to make money with their online posts. So perhaps you might consider supporting tree cutting by buying their current edition on the stands now.

The Stone article is the story about Goldman Sachs and how they have been smack in the middle of every billion and trillion dollar bubble burst in recent memory…. And how Goldman Sachs is about to engineer the next great bubble — the potential trillion dollar carbon cap and credit market (which doesn’t even exist, yet.)

The piece is titled, “The Great American Bubble Machine” with a subtitle of “From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression.”

Here’s a link to a compact summary and critique of the Stone article from “the Atlantic”: http://business.theatlantic.com/2009/06/is_goldman_sachs_the_root_of_all_evil.php

The author is Matt Taibbi who is a “Rolling Stone” contributing editor. His writing style is not in the mode of business chatter. Taibbi writes in rough street talk as he strips Goldman Sachs veneer. Sample of his writing:

The opening paragraph, “the first thing you need to know about Goldman Sachs is that it is everywhere. The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.”

On the housing bubble (No. 3 of six covered by the author): “…[A]t the dawn of a new millennium, they [mortgage dealers] ..started writing mortgages on the backs of napkins to cocktail waitresses and ex-cons carrying five bucks and a Snickers bar. None of that would be possible without investment bankers like Goldman Sachs who created vehicles to package those shitty mortgages and sell them en masse to unsuspecting insurance companies and pension funds.”

And he leaves the best for last. The global warming scam passed by Congress last week. Goldman Sachs is in the middle of it, as usual– a potential trillion dollar sure thing. He also whacks Former Vice President Al Gore who will profit from the cap-and-trade plan through his company, Generation Investment Management,– Gore is joined by three former Goldman Sachs heads in their carbon offsets business.

Strongly recommended. Sit back and get ready for a great read (if you buy the print version now, or view later online.)

Arthur Bruzzone

Read the article here “The Great American Bubble Machine”

I read the original & yes it was as you said very good.I like Matt Taibbi's writing style

Many times I have thought GS was the wizard/man behind the curtain. That article only enforced that belief. But at the same time I am sure there is probably even larger behind them.

Only just realized that carbon credits are scam? It's a rhetorical question.