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The Grove > The Grove > Media, Video/Audio Clips, Reviews > How Goldman Sachs Made Its Money


How Goldman Sachs Made Its Money
 Moderated by: Roy  

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Roy
Quasi-Infallible Egocentric Tyrant


Joined: Mon Apr 4th, 2005
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Mana: 
 Posted: Tue Oct 20th, 2009 05:52 pm

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"The force and degree of a man's inner benevolence evokes in others a proportionate degree of ill-will" - Gurdjieff

"In a time of universal deceit, telling the truth is a revolutionary act." — George Orwell
*Phil*
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Mana: 
 Posted: Wed Oct 21st, 2009 01:41 am

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This year is the occasion of John Calvin's 500th birthday.  He is considered by some to be the Father of Capitalism.  :dude:

Capitalism and wealth is not improper per se.  It is the values and ethics of the capitalist and the wealthy that guide if its application will be good or not.  Capitalism without Godly values can be very destructive.  Which is why over the centuries laws have been made to supress these bad and destructive behaviors.

Where are the laws to prevent these greedy, corrupt, Goldman Sachs and US Government elites from stealing from us?




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Galactic Signature: Blue Self-Existing Monkey
Roy
Quasi-Infallible Egocentric Tyrant


Joined: Mon Apr 4th, 2005
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Mana: 
 Posted: Wed Oct 21st, 2009 05:23 am

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Even when the laws exist, someone has to enforce them.

The elite don't go after the eilte except when it is "McCoy" elite vs "Hatfield elite. Then you get some action, but for Wall St, no action, not no how, not never!



____________________
"The force and degree of a man's inner benevolence evokes in others a proportionate degree of ill-will" - Gurdjieff

"In a time of universal deceit, telling the truth is a revolutionary act." — George Orwell
*Phil*
Opinionated Interventionist


Joined: Thu Apr 21st, 2005
Location: North Carolina USA
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Mana: 
 Posted: Thu Oct 22nd, 2009 12:39 am

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Pretty salient article over at

http://www.marketwatch.com/story/story/print?guid=47729BA0-933E-4299-92CC-EB41EEE671D2

Here is the introduction...

Death of 'Soul of Capitalism:' Bogle, Faber, Moore
20 reasons America has lost its soul and collapse is inevitable

That's why a man like Hong Kong's contrarian economist Marc Faber warns in his Doom, Boom & Gloom Report: "The future will be a total disaster, with a collapse of our capitalistic system as we know it today." No, not just another meltdown, another bear market recession like the one recently triggered by Wall Street's "too-greedy-to-fail" banks. Faber is warning that the entire system of capitalism will collapse. Get it? The engine driving the great "American Economic Empire" for 233 years will collapse, a total disaster, a destiny we created. OK, deny it. But I'll bet you have a nagging feeling maybe he's right, the end may be near. I have for a long time: I wrote a column back in 1997: "Battling for the Soul of Wall Street." My interest in "The Soul" -- what Jung called the "collective unconscious" -- dates back to my Ph.D. dissertation: "Modern Man in Search of His Soul," a title borrowed from Jung's 1933 book, "Modern Man in Search of a Soul." This battle has been on my mind since my days at Morgan Stanley 30 years ago, witnessing the decline. Has capitalism lost its soul? Guys like Bogle and Faber sense it. Read more about the soul in physicist Gary Zukav's "The Seat of the Soul," Thomas Moore's "Care of the Soul" and sacred texts. But for Wall Street and American capitalism, use your gut. You know something's very wrong: A year ago "too-greedy-to-fail" banks were insolvent, in a near-death experience. Now, magically they're back to business as usual, arrogant, pocketing outrageous bonuses while Main Street sacrifices, and unemployment and foreclosures continue rising as tight credit, inflation and skyrocketing Federal debt are killing taxpayers. Yes, Wall Street has lost its moral compass. They created the mess, now, like vultures, they're capitalizing on the carcass. They have lost all sense of fiduciary duty, ethical responsibility and public obligation. Here are the Top 20 reasons American capitalism has lost its soul:

follow the link to read the rest.



____________________
Pecca fortiter, sed fortius fide et gaude in Christo!
Galactic Signature: Blue Self-Existing Monkey
Roy
Quasi-Infallible Egocentric Tyrant


Joined: Mon Apr 4th, 2005
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Mana: 
 Posted: Thu Oct 22nd, 2009 08:45 pm

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The  Abstract and the Concrete, the Esoteric and the Rational support and complement each other, and, here comes the "cornball" part, Eros is at the basis of responsibility, the taking on of the burden of "the Christ", the subordination of any activity of life to the service of life.

Why Graves said that nowadays there is no "Zeus" on the throne- Just Mercury, Pluto and Apollo: trade, riches and knowledge serving themselves narcissisticly!



____________________
"The force and degree of a man's inner benevolence evokes in others a proportionate degree of ill-will" - Gurdjieff

"In a time of universal deceit, telling the truth is a revolutionary act." — George Orwell
*Phil*
Opinionated Interventionist


Joined: Thu Apr 21st, 2005
Location: North Carolina USA
Posts: 3490
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Mana: 
 Posted: Fri Oct 23rd, 2009 03:03 pm

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Ah yes but the Olympus story needs a title and an ending! 

"The Fall of Olympus"

The Olympeans grew so weak in their self-absorbing depravity that a very hungry giant snake came and ate them all!  But afterward snake was still hungry so he began eating all the mortal humans.  Zeus, returning from his long hunting trip and now the only god left,  wondering were all the other gods went saw the enormously fat snake gobbling up humanity. He anointed a brave mortal named Saint George.  Saint George chopped the snake into tiny bits and the people trampled them underfoot until they became ashes and dust.



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Pecca fortiter, sed fortius fide et gaude in Christo!
Galactic Signature: Blue Self-Existing Monkey

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