This article was written by Jon Rappoport and originally published at No More Fake News.
Editor’s Comment: The trade off doesn’t seem to make sense. People were fed up with being economically shafted and politically misrepresented. With the past several administrations way too cozy with Wall Street and the central banking institutions of the world, not to mention the wealthy private interests that intersect with those institutions, it made sense that people would energetically vote against the establishment.
But while the old familiar political faces were rejected one-by-one until Hillary’s Clinton’s arrogant dynastic bid was rejected, the establishment bankers were not rooted out, voted against, put on trial or sanctioned. And now, they are legion in the Trump Administration. Perhaps the accusations of vampire squid are right after all. Despite overwhelming disdain for the actions of the megabanks after the 2008 economic crash, and the tough 8 years of austerity and financial starvation, the American people are stuck with Goldman Sachs more than ever – and worse, it seems that only a few voices in the wilderness are saying anything about it. Un-freaking-believable that people are not more angry about this banker coup.
What exactly does Goldman Sachs have on Trump? And how badly will it screw over the American people this time around?
What Deal Did Donald Trump Make With Goldman Sachs
by Jon Rappoport
Wall Street On Parade (January 9) details the boggling Goldman Sachs presence on Trump’s team. My comments will follow the list of names.
“Trump nominated Steven Mnuchin, a 17-year veteran of Goldman Sachs to be his Treasury Secretary.”
“Stephen Bannon, another former Goldman Sachs banker, was named by Trump as his Chief Strategist in the White House.”
“The sitting President of Goldman Sachs, Gary Cohn, has been named by Trump as Director of the National Economic Council, which, according to its website, coordinates ‘policy-making for domestic and international economic issues’.”
“…Trump nominated a Goldman Sachs outside lawyer, Jay Clayton of Sullivan & Cromwell, to serve as Wall Street’s top cop as Chairman of the Securities and Exchange Commission.”
“…Clayton’s wife currently works as a Vice President at Goldman Sachs.”
“According to Politico, Goldman Sachs partner, Dina Powell, President of the Goldman Sachs Foundation, is Ivanka’s ‘top adviser on policy and staffing’.”
“Then there is Erin Walsh who had worked at Goldman Sachs since 2010 as an Executive Director and head of its Office of Corporate Engagement for Asia Pacific…Walsh is now part of Trump’s transition landing team for the State Department and is engaged in prepping the just retired CEO of ExxonMobil, Rex Tillerson, for his Senate confirmation hearing this week to become the Secretary of the Department of State, according to Politico.”
“And there is yet another former Goldman Sachs banker, Anthony Scaramucci, who sits on Trump’s transition team.”
The first question is: would a Trump-Goldman deal benefit Trump in a personal way? Wall Street On Parade offers possible clues.
“Now the Dow Jones company, MarketWatch, has reported that Trump’s debt is held by more than 150 Wall Street firms. The New York Times has reported that Goldman Sachs Mortgage Company holds a loan on an office tower at 1290 Avenue of the Americas, a building that is 30 percent owned by Donald Trump.”
“Some of the Trump debt held by Wall Street firms, according to media reports, includes Donald Trump’s personal guarantee in the event of a default. The true owners of other Trump debt are shielded behind secretive Limited Liability Corporations…”
If Trump is in trouble with those loans, if he’s in danger of not being able to make his payments, then that fact could form the basis of a Goldman Sachs deal. Trump gets loan protection, Goldman gets a number of influential (and self-serving) seats at the big table in Trump’s administration.
Beyond this, Goldman Sachs is…I’ll let Matt Taibbi describe them. From his classic 2010 Rolling Stone article:
“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. In fact, the history of the recent financial crisis [2008], which doubles as a history of the rapid decline and fall of the suddenly swindled dry American empire, reads like a Who’s Who of Goldman Sachs graduates.”
“By now, most of us know the major players. As George Bush’s last Treasury secretary, former Goldman CEO Henry Paulson was the architect of the bailout, a suspiciously self-serving plan to funnel trillions of Your Dollars to a handful of his old friends on Wall Street. Robert Rubin, Bill Clinton’s former Treasury secretary, spent 26 years at Goldman before becoming chairman of Citigroup — which in turn got a $300 billion taxpayer bailout from Paulson. There’s John Thain, the asshole chief of Merrill Lynch who bought an $87,000 area rug for his office as his company was imploding; a former Goldman banker, Thain enjoyed a multi-billion-dollar handout from Paulson, who used billions in taxpayer funds to help Bank of America rescue Thain’s sorry company. And Robert Steel, the former Goldmanite head of Wachovia, scored himself and his fellow executives $225 million in golden-parachute payments as his bank was self-destructing. There’s Joshua Bolten, Bush’s chief of staff during the bailout, and Mark Patterson, the current Treasury chief of staff, who was a Goldman lobbyist just a year ago, and Ed Liddy, the former Goldman director whom Paulson put in charge of bailed-out insurance giant AIG, which forked over $13 billion to Goldman after Liddy came on board. The heads of the Canadian and Italian national banks are Goldman alums, as is the head of the World Bank, the head of the New York Stock Exchange, the last two heads of the Federal Reserve Bank of New York — which, incidentally, is now in charge of overseeing Goldman…”
“The bank’s unprecedented reach and power have enabled it to turn all of America into a giant pump-and-dump scam, manipulating whole economic sectors for years at a time, moving the dice game as this or that market collapses, and all the time gorging itself on the unseen costs that are breaking families everywhere — high gas prices, rising consumer credit rates, half-eaten pension funds, mass layoffs, future taxes to pay off bailouts…”
So, Goldman Sachs wants to keep on doing what it has been doing. On the other hand, Trump wants a rising stock market—a symbolic signal that the economy is strong. Understanding that the market is manipulated by insiders, Trump would know where to go to make a deal.
Goldman gives him rising market numbers, and Trump gives them what they want. How much of what they want?
Another area where Goldman could provide help: assembling the funding for a major part of what appears to be an FDR New-Deal project to rebuild America’s infrastructure, putting large numbers of unemployed people back to work. The cost? At least a trillion dollars. Convincing Congress to back this plan—and also support Trump’s tax cuts—could run into a serious roadblock. The money has to come from somewhere.
It might be useful to analyze the ominous levels of public debt accumulated by state governments. The debt is floated on bond issues, and someone has to underwrite and guarantee those issues. Banks like Goldman Sachs are in that business. Trump may have approached Goldman with the premise that, by creating whole swaths of new jobs across the country, the states’ tax revenues will rise, and therefore the payback on Goldman’s investments will become more secure.
It seems certain that Trump is leaning heavily on Goldman to run interference for him. He is walking a risk-laden path.
Partnering with a vampire squid doesn’t inspire confidence.
Since I began writing and speaking about Trump (archive here), I’ve emphasized that his millions of supporters—who actually want more freedom and more of what America should stand for—have to hold his feet to the fire when he takes a direction that spells trouble and runs counter to his announced aims.
He is doing that now.
Here are two final quotes from Wall Street On Parade:
“During the primary campaign, when it emerged that Trump’s opponent Ted Cruz had received a loan from Goldman Sachs, Trump said that Cruz was ‘owned’ by Goldman Sachs.”
“During his political campaign, Donald Trump repeatedly railed against Wall Street with a specific focus on Goldman Sachs. In the final days of his campaign, Trump released an advertisement…that featured his opponent, Hillary Clinton, shaking hands with Goldman Sachs CEO Lloyd Blankfein. As the image flickers on the screen, Trump does a voice over, stating: ‘It’s a global power structure that is responsible for the economic decisions that have robbed our working class, stripped our country of its wealth, and put that money into the pockets of a handful of large corporations and political entities.’ As the ad ends, Trump bares his soul: ‘I’m doing this for the people and for the movement and we will take back this country for you and we will make America great again’.”
Has Trump convinced Goldman Sachs they can still make sky-high money in a genuinely strong American economy, with millions of new jobs? And without fake bubbles and crashes?
Has he decided he must have Goldman on his side, if he’s going to make economic progress—that, because of their power, there is no way around them?
Or is Goldman playing along and working Trump and outflanking him?
Finally, I wouldn’t bother bringing any of this up if I didn’t think Trump wants to do good things for this country. I have enumerated those intentions of his in other articles. Right out front, he continues his war against major media. He doesn’t let up. This is vital, because those media have been functioning as the prime eyes, ears, and mouths of the nation—and they are falling rapidly from that precipice. Which is a cause for celebration.
Jon Rappoport
This article was written by Jon Rappoport and originally published at No More Fake News.
The author of three explosive collections, THE MATRIX REVEALED, EXIT FROM THE MATRIX, and POWER OUTSIDE THE MATRIX, Jon was a candidate for a US Congressional seat in the 29th District of California. He maintains a consulting practice for private clients, the purpose of which is the expansion of personal creative power. Nominated for a Pulitzer Prize, he has worked as an investigative reporter for 30 years, writing articles on politics, medicine, and health for CBS Healthwatch, LA Weekly, Spin Magazine, Stern, and other newspapers and magazines in the US and Europe. Jon has delivered lectures and seminars on global politics, health, logic, and creative power to audiences around the world. You can sign up for his free emails at NoMoreFakeNews.com or OutsideTheRealityMachine.
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“ASSHOLE & LIAR OF THE DAY”
Trump CIA Pick Pompeo: Russia ‘Doing Nothing to Aid in the Defeat of ISIS’
Chris Menahan
InformationLiberation
Jan. 12, 2017
Rep. Mike Pompeo, a four-term conservative Kansas Republican, spoke at his confirmation hearing before the Senate intelligence committee amid a testy standoff between Trump and the spy community over Russian activities during the president election.
“Russia has reasserted itself aggressively, invading and occupying Ukraine, threatening Europe and doing nothing to aid in the defeat of ISIS,” Pompeo said, referring to Islamic State militants.
Full Story: http://www.informationliberation.com/?id=56103
I’ll bet he never mentioned a word about how ISIS is being funded and armed by the US either.
FTW:
Mike Pompeo is Trumps replacement if Trump tries to bump heads with the “elites”. I am only speculating, but I imagine the “elite J*w real dictators gave him an ultimatum, “take Pompeo as our insurance that you will not step over this line in the sand. If you go too far and cross the line you will be purged, and our man, ‘Pompeo’ will be President. Got it, Trump”. “Yes, sir Mr. Rothschild”.
__
Trump holds all the cards. He can investigate all their wrong doings. Wipe the debt off as fraud, and start jailing ALL the Bankers. All the Bernie Maddoff’s,
Start right here with the PM’s paper manipulation.
Confiscate and seize all the Gold in the Banks Vaults and freeze all their holdings, and place massive fines on them. Break all the Banks up into Thousands of pieces. The CEO’s get zero. If Obama got away with Operation Choke Point, Trump blasting them with SEC Investigations. Get a hit on every dart throw.
I hope Trump is secure with his safety. Lots of PO’d swamp dwelling thieves out there. A New Sherriff is in Town. Stay Tuned.
Mullins was asked whether he believed that violence would be the eventual result of years of corruption, manufactured wars, and theft by the Banksters, he replied, yes, and went on to say that ultimately there will have to be a violent revolt against the power elite, he claimed it would be a brief but bloody revolution, then it would be over, and all these Banksters criminals would be dead.
What do you think will happen eventually? Do you think Mullins is correct? Will there be a bloody revolution? Will the people win over the bankster criminals?
__
BfC
One word. YES!
Sgt.
Sgt Dale,
Agreed!!
Yeah and when the boys left home to fight the blue-bellies they believed they’d be home in time for the fall harvest. Four years later………..
“2ND ASSHOLE & LIAR OF THE DAY”
Gen. Mattis: “Russia Is The Principal Threat To US Security”
by Tyler Durden
Jan 12, 2017 12:07 PM
Zerohedge
Here are some of the key highlights so far:
Russia Is “Principal Threat” To US Security
While much of the hearing has so far been without controveries, in the most striking moment so far, Mattis told the Senate Armed Services Committee that Russia stands as the “principal threat” to the United States’s security. He said this is because of its actions and efforts to “intimidate” other countries.
Senator John McCain questioned Mattis to get his opinion on how much of a threat Russia represents. Mattis response was that “the world order is “under biggest attacks since WW2, from Russia, terrorist groups, and China’s actions in the South China Sea,”, agreeing with the neocon senator that Russia is trying to break up NATO.
“I’m all for engagement” with Russia, “but we also have to recognize the reality of what Russia is up to,” Mattis told Senator Jack Reed (D-Rhode Island).
Senator Martin Heinrich (D-New Mexico) questioned if Mattis would stand up to generals, citing the Cuban missile crisis and bringing up the general’s moniker of ‘Mad Dog.’ “That nickname was given to me by the press,” Mattis said, adding his approach would be “Peace through strength” established by the first US president, George Washington – and often invoked by Trump.
Asked by Heinrich to list the principal threats to the US, Mattis said he “would start with Russia,” and continue with aggressive states and terrorist groups.
Full Story: http://www.zerohedge.com/news/2017-01-12/gen-mattis-russia-principal-threat-us-security
The Massive National Debt is the Greatest Enemy Threat to the United States. Propping up a Worthless fiat dollar at the point of Gun, just creates more debt with an out of control spy agencies and a massive Army, getting us into perpetual war is self defeating.
Obama’s entire 8 year Administration was in a perpetual world war every day. Mr Nobel Peace Prize Award Winner. Yeeehaaaaaaa..
As I wash down radioactive tuna,
with aspartame laced soda…
While sitting under the blue sky – hazy with recently sprayed sodium bromide and aluminum products.
I. think. to. myself: “what a wonderful world…”
Goldman Suchs, the Vampire Squid, is arguably THE most evil corporation to have ever existed.
And fake news? Newt Gingrich said today “There’s a huge gap between the world as reported by the news media and the world as it really exists,”
No duh. The real fake news is the lying, leftist lamestream media, a la Pulitzer winner Walter Duranty of the NY Slimes telling us no one was starving in Stalin’s Ukraining Holodomor (2.5 to 7.5 mm died in that socialist workers’ paradise), famed reporter Lincoln Steffens telling us “I have seen the future and it works” in Stalin’s USSR in the same era, or more recently fiction writer extraordinaire Jayson Blair of NYT (google him if you have forgotten who he is), Dan “I found a memo on Bush” Rather, the whole media adulation re. outed faked Nobel Prize winner Rigoberta Menchu (originally she was accidentally exposed by a fellow leftist), or my fav, Mikey Mann’s fake global warming hockey stick dealing with the whole BIG GREEN MONEY fraud, which Dr. Richard Lindzen, prof. of atmospheric science at MIT, Dr. William Gray, the #1 hurricane forecaster in the world (and we are at historic hurricane lows not seen since the Civil War) and John Coleman, founder of the Weather Channel (go to YouTube and search for JohnColeman+global warming) have all called – and I quote ipsissima verba “a *SCAM.* (Even Mr. Warmer himself, Kevin Trenberth, wrote back in 2009 – and as outed in the ClimateGate revelations the media also “forgot” to tell you about – “[W]here the heck is global warming? The fact is that we can’t account for the lack of warming at the moment, and it is a travesty that we can’t.”
I will listen to Streep or any of the other Hollywierd Learjet leftists the first time just ONE of them just opens up just ONE room in just ONE of their zillion room mansions to just ONE indigent person or illegal immigrant for just ONE night. Thankfully, with the complete hypocrisy of these limousine liberals, I am safe. Google George Clooney mansions, Michael Moore mansion, or head of SPLC Morris Dees+House Beautiful (his digs are so fantastic he was dumb enough to have them featured in House Beautiful).
Michael Snyder recently posted an article that people that suddenly people had stopped prepping as if a nuclear bomb had been dropped because of the election.
Shoot, with the folks coming in, I still in high gear.
You can’t drain the swamp when your having intercourse with the biggest aligators in the freakin’ place. Worse still, nothing will change because the central banks are still calling the shots.
Time to water the tree folks ’cause we are flat out of options.