Matt Taibbi’s “The Great American Bubble Machine” Demystifies Goldman Sachs

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Matt Taibbi’s latest Rolling Stone article, “The Great American Bubble Machine,” undresses Goldman Sachs–and finds a “giant vampire squid wrapped around the face of humanity.” Not only do former Goldmanites essentially run the world, they help manufacture and burst economic bubbles, harvesting mean profits the entire time. Taibbi details how the bank manipulated investors, starting during the Great Depression.

Zero Hedge scanned the entire article onto Scribd; find it here.

Taibbi’s conclusion: “It’s a gangster state, running on gangster economics, and even prices can’t be trusted anymore; there are hidden taxes in every buck you pay. And maybe we can’t stop it, but at least we know where it’s all going.”

Read it!

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  • Denise Hubbard

    GO MATT!!!!!!! I just read the SEC requested to see a movie about this (see article link) called Stock Shock. Finally!!…taking some proactive action! http://satwaves.com/blog/2009/06/26/sec-investigating-illegal-naked-short-selling/

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  • Cliff Proctor

    What worries me is the $350 Trillion derivetive market outstanding.
    If the market deflates and the default of these debt promises requires payment of the derivitive there will suddenly be a requirement for (est ) $200 T cash which will result in US to print this cash.
    When there is hyper inflation no one returns their cash to the bank – it is used to buy something real and more cash must be printed – like Germany 1922.
    It all happens in weeks. I do not think we cold cope.
    Comments please.