Bankers Prepare for Open Revolution

Bloomberg has an article today on what may be the most interesting story of the year. The invertebrate vampire-squids of Goldman Sachs have been quietly seeking gun permits to protect themselves from the restless mobs and death-mail sending public. How is it that the proletarians could want to liquidate the robber-Barron's of the 21st Century? Surely, the masses know that Lloyd Blankfein, Goldman Sachs' CEO, and the squids are as Blanky said, "Doing God's work!"

The article reveals that Blanky and Company were fortifying their residences a year prior to the meltdown, by placing enhanced security fences and armed guards around their lavish estates, in excess to the norm. More importantly though, it blows the whistle on what the bailout was really about: saving the greedheads of casino-capitalism. As you see, this bullshit about efficient markets, innovative investing, and all that other gibberish spouted by the dunces on CNBC and virtually every financial bobble-head network, is just meant as high-fructose Kool-Aid for the cult-members as the real thieves take your money. Consider the following excerpt from the same Bloomberg article:

Henry Paulson, U.S. Treasury secretary during the bailout and a former Goldman Sachs CEO, let it slip during testimony to Congress last summer when he explained why it was so critical to bail out Goldman Sachs, and -- oh yes -- the other banks. People “were unhappy with the big discrepancies in wealth, but they at least believed in the system and in some form of market-driven capitalism. But if we had a complete meltdown, it could lead to people questioning the basis of the system.”

There you have it. The bailout was meant to keep the curtain drawn on the way the rich make money, not from the free market, but from the lack of one. Goldman Sachs blew its cover when the firm’s revenue from trading reached a record $27 billion in the first nine months of this year, and a public that was writhing in financial agony caught on that the profits earned on taxpayer capital were going to pay employee bonuses.

I have long said, if the people want to live free of the incompetent rule of plutocrats and their moneyed trolls, then they need to have the guillotine brought out in public and let the heads roll. Its all happened before and will happen again. We only have to remember the New Testament to know the solution:

Jesus entered the temple area and drove out all who were buying and selling there. He overturned the tables of the money changers and the benches of those selling doves. (Matthew 21:12)