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Goldman Sachs's Griffiths Says 'Inequality Helps All'

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posted on Oct, 21 2009 @ 09:37 AM
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Goldman Sachs's Griffiths Says 'Inequality Helps All'


www.bloomberg.com

Oct. 21 (Bloomberg) -- A Goldman Sachs International adviser defended compensation in the finance industry as his company plans a near-record year for pay, saying the spending will help boost the economy.

“We have to tolerate the inequality as a way to achieve greater prosperity and opportunity for all,” Brian Griffiths, who was a special adviser to former British Prime Minister Margaret Thatcher, said yesterday at a panel discussion hosted by St. Paul’s Cathedral in London. The panel’s discussion topic was, “What is the place of morality in the marketplace?”
(visit the link for the full news article)



[edit on 21-10-2009 by DimensionalDetective]




posted on Oct, 21 2009 @ 09:37 AM
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Oh, sure!

When you're sitting ATOP of that "inequality", and getting to reap the benefits from all of the tax-slaves involuntary contributions to you and all the rest of the slave masters who own the gov, I'm SURE that helps ALL in YOUR little circle!

The arrogance of some of these people is absolutely stunning. They are literally laughing at us and thumbing their nose at us all...

And the robberies just go on and on and on....

www.bloomberg.com
(visit the link for the full news article)



posted on Oct, 21 2009 @ 10:27 AM
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reply to post by DimensionalDetective
 


Ummm...excuse me? Did he just say that?

“We have to tolerate the inequality as a way to achieve greater prosperity and opportunity for all,”

Translation from Bankster jargon:

"There's nothing you can do about it, so just bend over and take it like a man. "

Their arrogance and criminality knows no end.


edit for S&F

[edit on 21-10-2009 by kommunist]



posted on Oct, 21 2009 @ 10:33 AM
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reply to post by DimensionalDetective
 


Can we burn him at the stake like they used to do the witches back in the days, or just put some gun power in their mouths when we are a it?

This arrogant elite pig thinks that the rest of the population are nothing than servants to them, thanks to a corrupted corporate government that act like whores to their pimps and have all of us the citizens and voter paying for the splendor they live in.

The crap that comes out of the mouth of many of this arrogant bastards shows how they stand at the top while stepping over all of us and they show no respect for the people that are forced to support them.

And when we the people get mad and do stupid things against this arrogant bastards we are the terrorist in the nation.

I bet he is surrounded by the best private security money can only buy in the US with tax payer dollars.



posted on Oct, 21 2009 @ 10:36 AM
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Ya know, some of us are better shots than others too.

I swear. Are these people trying to start a class war?...

That's some ballsey crap to say. Their High Frequenct Trading Program accounts for 35% of the total volume of the Dow. They're not manipulating the market.

We give them a bunch of money in the bailout and now it's at 10,000, mostly because the dollar has fallen as much. "You scratch my back I bend you over and then tell you I'm doing you a favor."



posted on Oct, 21 2009 @ 11:10 AM
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Originally posted by wylee
I swear. Are these people trying to start a class war?...


Where the hell have you been throughout the history of mankind?

It's always class warfare. It's always BEEN class warfare and it will always BE class warfare.

We are the slaves. The very same slaves that have toiled throughout time to provide for the rich and the elite.

Economic slavery is still slavery.



posted on Oct, 21 2009 @ 11:33 AM
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reply to post by BaronVonGodzilla
 


Well I'm only 30 so, I missed the rest.

But I was trying to imply that getting us all riled up against the bankers and capitalism would soothe the way for more socialistic policies.

And every revolution is started by a rogue elite, or planned rogue elite, everything else is just a rebellion, which gets crushed and we tend to forget about.



posted on Oct, 21 2009 @ 12:01 PM
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( "WE" have to tolerate the inequality ? ) We . . ?

You can bet your bottom dollar he won't be tolerating a damn thing.

Makes you want to slap the SOB.

Let's see . . compensation in the finance industry . . hmm . . isn't that
when high salaries and extravagant bonuses are given to plant-life
mentalities working on Wall Street incompetently . . . with our money . .
. . and they get paid whether they perform positively or negatively . .
must be nice . . . the scumbags !



posted on Oct, 21 2009 @ 12:06 PM
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Originally posted by marg6043
reply to post by DimensionalDetective
 


Can we burn him at the stake like they used to do the witches back in the days, or just put some gun power in their mouths when we are a it?


I have a great distaste for bankers. But, didn't Hitler already try this (a.k.a. the holocaust)?

Just my 2-cents



posted on Oct, 21 2009 @ 12:08 PM
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He's right though! It's the basis of the American Dream: work hard enough and you can lift yourself up and be just like them. It's all about incentive and hard work. People won't try hard or work hard if they don't have to so. They're actually helping us to help ourselves.

You now those adverts where it says something along the lines of 'if you give a man a fish he can feed himself for a day. But if you teach him how to fish, he can feed himself for ever!' Well, it's exactly like that but the people at Goldman Sachs are in a nearby solid gold yacht drinking champagne egging us all on with a megaphone! "Come on, try harder. You can do it! Just a little bit more!"



In all honesty, I'd have no qualms about killing these people as they slept.

[edit on 21-10-2009 by Merriman Weir]



posted on Oct, 21 2009 @ 01:58 PM
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And some more examples of "Helpfull inequality", courtesy of our (and generations of tax-serfs to come) tax-dollars:


Perks keep rolling at rescued banks

NEW YORK - Even as the nation's biggest financial firms were struggling and the federal government was spending hundreds of billions of dollars to save many of them, the companies as a group were boosting the perks and benefits they pay their chief executives.

The firms, accounting for more $350 billion in federal bailout funds, increased these perks and benefits 4 percent on average last year, according to an analysis of corporate disclosures filed in recent months.


Full Article:

www.msnbc.msn.com...



posted on Oct, 21 2009 @ 02:13 PM
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Hmmm, ...

Goldman Sachs’s Griffiths Says Inequality Helps All

... spending will help boost the economy.

“We have to tolerate the inequality as a way to achieve greater prosperity and opportunity for all,”


Things have only gotten worse and worse even after all the "bailouts" and "stimulus" packages being dealt out.

The only thing that any of these things have done is to help keep the "elite" in their happy little world of mansions, country clubs, Rolls Royce's and Rolex's!


Goldman Sachs Group Inc., based in New York, set aside $16.7 billion for compensation and benefits in the first nine months of 2009, up 46 percent from a year earlier and enough to pay each worker $527,192 for the period. The amount set aside this year is just shy of the all-time high $16.9 billion allocated in the first three quarters of 2007. Goldman Sachs spokesman Michael DuVally in New York declined to comment.


Paying these people all this money is doing NOTHING to stimulate the economy in my area where the unemployment rate is now 15.2%!

[edit on 10/21/2009 by Keyhole]



posted on Oct, 21 2009 @ 02:24 PM
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reply to post by DimensionalDetective
 


your citing of this man's obscene rhetoric:


''We have to tolerate the inequality as a way to achieve greater prosperity and opportunity for all,” ...



leads me to think,
this sort of out-of-touch reasoning sounds like the Gestapo who worked the 'Ovens'..... saying to themselves; "we have to tolerate a little genocide and polluted air to achieve a greater opportunity for the social order"...


~its a sad place the speaker of the sentence is in~



[edit on 21-10-2009 by St Udio]



posted on Oct, 21 2009 @ 02:32 PM
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reply to post by St Udio
 


That is eerie that you just said that bro---Earlier after I posted this, I was thinking these guys are like the modern day financial Nazi-party.

They are controlling the gov right now, using them as their enforcers to do their bidding, and expecting the rest of the masses to continue to bow to their "superiority" in the midst of continually being raped by them.

I just wonder how long this will continue before something breaks, and people realize that we outnumber these tyrants 10 million to one?



posted on Oct, 21 2009 @ 02:46 PM
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I feel sad for this guy. He has to tolerate the inequality and receive fat bonuses. You know how hard it is while rest of the world has economic problems?
I am sure that he tolerates it only for well being of majority of Humanity that is in better position then him and is getting more and more poor. Being rich is very hard. Very very very hard. Instead of helping him barely tolerating this unjust system you actually criticize him.
What if he would stop tolerating inequality and refuse to accept rediculous bonuses while his firm is loosing money? You would not like it ,trust me. It would block "prosperity and opportunity for all" thingy. Shame on you , eternal shame. He works so hard by tolerating it - and you mock his efforts that are strictly for good of all Humanity and not his own bank account.
Every night he stares in the mirror and says to himself - "i cannot tolerate the thought that while i am that rich, kids in Africa or even homeless in my town suffer that much".
But then little African children and homeless and poor who just survived another day, feel his depression and quietly pray - hold on , tolerate and maintain inequality so that prosperity and opportunity will be available to fewer and fewer.
And he hears their call, and he thinks - " Hey, how about new yacht i wanted to buy last year? Maybe i will maintain inequality a little. For common good.
Just hold on , Brian. Do not let all those enormous sums on paycheck break your heart. We are counting on you!



[edit on 21-10-2009 by ZeroKnowledge]



posted on Oct, 21 2009 @ 03:26 PM
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reply to post by Aggie Man
 


NO, Hitler gas the people, after doing experiments on them, we did the witches burning during our humble beginnings in the nation. then we got the constitution to stop the madness.



posted on Oct, 21 2009 @ 03:53 PM
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Social inequality is directly related to social class structure. If you support class structure then you will have to accept or turn a blind eye to the inequality that is bred because of it.

There are political ideologies that aim towards eradicating the class structure. Of course the reader has already stopped reading. Hence, social inequality.



posted on Oct, 21 2009 @ 04:08 PM
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The wonderfull theory of drip down economics and the myth of the american dream where anyone can be rich and/or famous.

Hey, he's a working class hero - dontcha know that because other people are so rich it benefits everyone?

Frankly, I'd like to take a giant dump on this person (and I lose the term loosely) but I'm afraid he's been wallowing in it so long he wouldn't notice.

But just to make sure, I'm off for a couple of red hot curries and about a dozen pints of guinness, just to make sure I have something to send him in the mail.

Sorry, I know that's pretty gross, but these people really make my blood boil.



posted on Oct, 21 2009 @ 04:11 PM
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What this GS Rep is saying is that those with lots of money know how to put it to work better than those without money.

In other words, because they're rich, they know how to best invest capital.

Theoretically, their investments will improve all of our lives (though magic) with basic economic principles.



posted on Oct, 21 2009 @ 06:13 PM
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The Great Obama has not only freed the weed but now will strike at the heart of the our evil bankster overlords.

Obama to slash senior bank execs’ compensation by 90 percent

"In a sign the Obama administration may finally be reacting to Main Street anger over Wall Street bonuses, the Treasury Department's "pay czar" is planning new limits on compensation for the senior-most executives at seven companies that received large amounts of bailout cash."

rawstory.com...

Problem, Crisis, Solution. Create a complete financial mess, swoop down like a like the mighty eagle to snatch the money we gave them away and give it to the people.

Well except for that last part, we're going to use it to hire more private contracters and make more drones.




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