I read the thread “A Case Of Quant Trading Sabotage About To Destroy Goldman Sachs?”
&flagit=479098, and I decided to post my own thread here in response.
It's funny (in the not so ha-ha way), that what is happening with GS is just further proof that the world economy doesn't really require money.
Rather people who are willing to steal from their own flesh and blood manipulate the markets which never quite fail as long as there is a positive
number influx to their coffers.
Literally, if the federal reserves continue to print money, and people continue to work at fast food franchises et al, this system could limp on for
hundreds of years. What runs this system is the belief in the system. The only reason GS still has customers, is because there are people who are
willing to believe that fortunes can still be made without working for those fortunes.
Our great-great grandfathers in a situation like this would still have mattresses filled with silver dollars and a great contempt for the way industry
and exchange have been manipulated to fill the stomachs and pockets of the grand-children of the visionaries who actually knew their industries inside
Now, CEOs and CFOs (chief financial officers) are mirror images of pre-revolution France, who live the life of luxury yet possess little real working
skills to contribute to the health of the company or economy. They remove the dissenters, and GS (as the primary example) bilks millions of their
customers and shareholders, when there hasn't been real money in years.
That is how the executives maintain their lifestyles, this program simply allows GS to steal and anyone who has this code and the basic resources
(namely middle class individuals who will give you their money) can replicate the effect. Now, however the problem is the faith based monetary system
we now possess is losing the faith of the peasantry (US!). You cannot maintain a feudal system without peasants to grow the crops and build the social
infrastructure, and without people continuing to buy into a debt based society, the truth of what already is (there is no money) becomes threatening
and will only further the progress of the break down of Western society.
All of this is connected and GS can spend 10 trillion in six weeks just like the government does and it means nothing. Yet, if one too many Wall St.
executives feel the fear, all hell breaks loose as they scramble to collect the illusion of wealth that never truly existed. The system isn't broken,
it does exactly what it is supposed to do, bleed us dry in terms of labor and services rendered as a slave force, and the taskmasters don't have to
do a thing and reap the rewards. Pretty simple.
[edit on 6-7-2009 by GideonHM]