Goldman Sachs Contributes to the Military/Corporate/Financial Complex

Oliver Stone recently appeared on CBC describing his new ten-hour series called Oliver Stone's Untold History of the United States. It will be an interesting series to watch. In the interview, he described the US as three "countries" each vying for its own space:--the first, is the USA population of the country within its continental borders; the second, is the huge military component of the economy and, third, the financial system. Each has its own objective but the military and financial objectives include power that does not recognize the public purpose for which the government was originally created.

Eisenhower warned the people of the United States about power being aggregated in any one sector including the military and the industrial components.
"In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military/industrial complex. The potential for the disastrous rise of misplaced power exists and will persist." (Eisenhower's speech, 1961)
However, he did not foresee that the industrial part of the economy would be decimated by outsourcing in the search for cheap labor and he may not have envisaged the power of the banks in the 21st Century. So the thing to beware of is the "military, corporate and financial complex" which we now suffer within.

Through what means does the financial system, for example, achieve such power and political influence? See the following article which shows how those creating the rules and regulations for a better financial system easily move from making laws to working for those for whom the laws are being created! What a full-blown conflict of interest is brought about which will in no way resolve any of the financial problems brought to us by the banks.

Goldman Sachs is a leader in these revolving door relationships between government rule-making and banking fraud.

The CFTC is chaired by a former Goldman Sachs guy, Gary Gensler, who is attempting to make new rules under Dodd-Frank.



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