http://www.midasletter.com/commentary/100426_James-west-goldman-sachs-and-the-next-american-revolution.php
Allegations of fraud brought last week by the Securities and Exchange Commission is a shocking departure from the culture of collusion among the U.S. government and the nation’s top banks. That despite the position of this publication and myriad others broadly categorized as “fringe” who have consistently and vociferously objected to the two or more standards applied to organizations and individuals by a corrupt legal system.
Throughout the 200 year-or-so history of linked financial markets, the name of J.P. Morgan has almost always been dominant. Goldman Sachs, though newer in terms of participatory history, has quickly risen to join J.P. Morgan at the forefront of the only industry that credibly dictates to government.
To many, the scandal surrounding Goldman Sachs apparent rigging of the craps tables in the house’s favour comes as no surprise. The Gold Antitrust Action Committee has been stridently demanding an investigation into the concentrated short positions that plague the gold and silver markets to no avail. They’ve suffered from an absence of public concern or support for their position because the relationship between gold and silver markets and personal finance is not intellectually accessible for the majority of people. So the press, absent public interest, generally passes up GATA coverage, even though the implications for the citizens of the United States and the world include constitutioality and civil rights.
