April 23, 2010
Singapore. A top Asian fund manager said on Wednesday the civil fraud allegations against massive Wall Street bank Goldman Sachs was a smokescreen to divert attention from the financial crisis in the United States.
Goldman is being investigated for fraud by the Securities and Exchange Commission and Britain’s market watchdog.
It has also been learned that banks here in Asia are using the US bank’s woes to get an edge on multimillion-dollar fee-paying deals in the region.
Marc Faber, who runs Hong Kong-based fund manager Marc Faber, described the lawsuit against Goldman Sachs as a hunt for scapegoats amid economic problems faced by the US.
“The target now is Goldman Sachs. You distract the masses with a villain,” he said at the Asian Public Real Estate Association Forum in Singapore. Goldman’s leading role on Wall Street, coupled with massive paychecks to staff and bumper profits, make it an obvious target, Faber said.
An “octopus wrapped around the face of humanity” as one journalist put it; the New World Banking Order has arrived. In 2009 speculative, uncontrolled derivatives were the Worlds largest market at an estimated 600 Trillion. The Worlds total economic output was an estimated 58.07 Trillion and the total World bond market was an estimated 82.2 Trillion. Yet, there is no “crime” that the bankers can be charged with as they bankrupt citizens and Nations into the New World Order?
ReplyDeleteThe appropriate criminal charge should be Treason to the American People and our Democratic Republic and Constitution. The members of the Trilateral Commission and the Bilderberg Group in government and banking who conspired to overthrow our soverenity as an independent nation, who conspired to bankrupt our Treasury with unjust Wars (3) and multinational corporate bailouts, conspired to control mass media “free Press”, conspired and manipulated “financial crisis” for their own gain, conspired to “relocate” American industry and technology, conspired to offshore “American Income Tax”, and who have conspired to enslave American citizens with National debt (about $64,000 per citizen) and personal debt. Deserve the death sentence by firing squad for Treason.
Obama, your New World Order is Totalitarian and we Patriots, American free citizens, will fight for our Democracy, Independence and Freedom.