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The first thing you need to know about Goldman Sachs is that it's everywhere.
If you want to understand how we got into this financial crisis,you have to first understand where all the money went- and to understand that,you need to understand what Goldman has already gotten away with.It's exactly five bubbles long-including last year's strange and seemingly inexplicable cable spike in the price of oil.
The formula is relatively simple: Goldman positions itself in the middle of a speculative bubble, selling investments they know are crap. Then they hoover up vast sums from the middle and lower floors of society with the aid of a crippled and corrupt state that allows it to rewrite the rules in exchange for the relative pennies the bank throws at political patronage. Finally, when it all goes bust, leaving millions of ordinary citizens broke and starving, they begin the entire process over again, riding in to rescue us all by lending us back our own money at interest, selling themselves as men above greed, just a bunch of really smart guys keeping the wheels greased. They've been pulling this same stunt over and over since the 1920s — and now they're preparing to do it again, creating what may be the biggest and most audacious bubble yet.