7gen Bloc

"All that money that you're losing, it's going somewhere, and in both a literal and a figurative sense, Goldman Sachs is where it's going." – recent Rolling Stone article

You’ve probably seen some of the stories that covered news of Goldman Sach’s obscene quarterly profit report.

Even on Wall Street, the land of six- and seven-figure incomes, jaws dropped at the news on Tuesday: After all that federal aid, a resurgent Goldman Sachs is on course to dole out bonuses that could rival the record paydays of the heady bull-market years. – New York Times

This is merely the tip of a gigantic iceberg. In a brilliant article that appears in the current issue of Rolling Stone magazine, "The Great American Bubble Machine" by Matt Taibbi, we can see in all its gory and horrendous detail what is so wrong with "the invisible hand of the marketplace." Capitalism has spun out of control, and if you think that we will arise from the current downturn with a system that is fundamentally different than it was before, I beg to differ.

It seems what Goldman does is legal. Ethical – no, responsible – absolutely not. They have perfected the art of gaming the system, and they consider this the American way.

I encourage you to learn the full story.