Until June 1st, 2017, Lloyd Blankfein – the CEO of Goldman Sachs – had only tweeted once in his life.
Here was his first tweet:
Today's decision is a setback for the environment and for the U.S.'s leadership position in the world. #ParisAgreement
— Lloyd Blankfein (@lloydblankfein) June 1, 2017
Surprisingly, rather than look into the deeper meaning of Goldman Sachs supporting the Paris Climate Accord, much of the establishment started praising Blankfein and Goldman Sachs.
And yet, praise was the last thing on people’s minds shortly after the Financial Crisis of 2008. At the time, the bank was heavily attacked for their role in the crisis, and their ability to profit from it. At one point, Goldman Sachs even bet against the securities they sold to clients according to the Guardian. They apparently sold securities they knew were total garbage, then bet that those securities would go down in price. It’s seen by many as one of the most egregious displays of Wall Street arrogance and deception.
In 2010, Matt Taibbi wrote an amazing takedown of Goldman Sachs for Rolling Stone Magazine that summed up the feelings of millions. Here is a memorable quote:
“The first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money. In fact, the history of the recent financial crisis, which doubles as a history of the rapid decline and fall of the suddenly swindled dry American empire, reads like a Who’s Who of Goldman Sachs graduates.”
That’s what many people still justifiably think of Goldman Sachs and all the globalist banks. And until their latest distraction, Goldman Sachs was facing massive condemnation for providing a $2.8 billion lifeline to the ruthless socialist regime in Venezuela.
And yet, despite their past, Goldman Sachs received quite a lot of praise for spouting the “party line” on Paris. It seems that with Goldman Sachs saying the right words, their actions no longer matter.
If Goldman Sachs loves an international deal, we should all be worried
History has shown that if Goldman Sachs is excited about something, we should all watch our wallets. And it’s not just Goldman. At every step of the way, hard working people have been robbed and betrayed by governments and institutions – often dominated by international banks.
The Paris Climate Accord is about redistributing wealth and concentrating power. In the deal, Goldman Sachs saw a chance to make even more money, and gain even more global influence. After all, the more centralized authority becomes, the more Goldman’s massive lobbying efforts can literally pay off for them.
Additionally, globalist banks like Goldman Sachs have a direct interest in seeing the destruction of nationalism and the imposition of “post-national” states. Strong nations can better oppose global financial institutions when they seek to erode sovereignty. But weak nations tied into a global structure are easy pickings for the international banks.
That means any resistance to international agreements is the last thing Goldman Sachs wants to see.
What’s good for the elites isn’t good for the rest of us
Some have tried to use Goldman’s support for the Paris Accord, as well as the support of many of the largest global corporations, as evidence the accord is a good idea. But that’s missing the point entirely.
Big companies often love increased regulations. They love big government. Remember, big corporations – especially corporations with global reach and huge lobbying budgets – can always buy off exemptions from regulations and make deals with politicians. It’s the smaller companies, those trying to grow and compete, that are screwed over by excessive regulations and government restrictions. They don’t have the money to lobby or fight for influence. So they lose, and the established companies win.
Make no mistake. The last thing those in power want is any challenge to that power. What’s good for the elites isn’t good for the rest of us. The Paris Climate Accord is no exception. It’s a terrible deal, and a tweet from Goldman Sachs can’t change that.
Photo – Twitter
The elites want to hide their many failures behind political correctness, deception, and manipulation. We need to push back and spread the truth.
That’s why I write.
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