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When Goldman Writes The New York Fed's Press Releases, Then All Is Lost

Tyler Durden's picture




 

Much has been said about Goldman's control over the most important Federal Reserve of all, that of New York, where the all important Markets Group is located, which does as the name implies, "influences" markets (those who may have missed it are encouraged to read "Goldman "Whistleblower" Sues NY Fed For Wrongful Termination",  "How Goldman Controls The New York Fed: 47.5 Hours Of "The Secret Goldman Sachs Tapes" Explain", "A Quick Look At Goldman's Takeover Of The US Judicial System: NY Fed Edition", and of course "I Am Putting Everything In Goldman Sachs Because These Guys Can Do Whatever The Hell They Want."

And while it is very clear by now that nothing will change under the current corrupt and compromised executive, legislative and judicial system, because at the end of the day, Goldman has indirect control over all three branches of government , here is the one anecdote which, in a non banana republic, would be the straw that finally broke the camel's back.

From the FT:

As the financial crisis raged in September 2008, Goldman Sachs and Morgan Stanley sought sanctuary from the Federal Reserve.

 

The last two big independent broker-dealers were allowed to become bank holding companies, giving them access to government liquidity that could keep them afloat.

 

Goldman drafted its own statement, quoting Lloyd Blankfein, chief executive, as saying: “We believe that Goldman Sachs, under Federal Reserve supervision, will be regarded as an even more secure institution.

 

According to people familiar with the matter, Goldman then drafted another release and sent it to the New York Fed. This one was to be used as the central bank’s own statement.

And while the FT is kind enough to digest that piece of shocking information for the rest of the "stupid voters", the bottom line is simple: the Federal Reserve of Goldman Sachs (in New York and everywhere else), is the bank that not only calls all the shots and makes the rules, but it also writes the words on the Fed's teleprompter (as for Obama's, not even Goldman would bother with that).

 

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Sat, 12/06/2014 - 21:34 | 5524892 Jim in MN
Jim in MN's picture

These disgusting corrupt animals need to be stopped.

Sat, 12/06/2014 - 21:43 | 5524909 joego1
joego1's picture

especially Obolarang

Sat, 12/06/2014 - 22:49 | 5525030 wintermute
wintermute's picture

Goldman has indirect control over all three branches of government

Polite translation:

Vampire Squid has tentacles inserted into all three orifices of government.

Sat, 12/06/2014 - 23:06 | 5525058 ZerOhead
ZerOhead's picture

< This will end economic ruin

< This will never end

Don't give up hope... I am sure the appropriate law enforcement agencies are getting ready to shut this monkeyshow down even as we speak. Once they finish catching all those truly evil dudes selling untaxed single cigarettes that is...

Sat, 12/06/2014 - 23:43 | 5525141 TheReplacement
TheReplacement's picture

Not untaxed.  Not double taxed.

Sun, 12/07/2014 - 14:27 | 5526138 Benevolent Ben
Benevolent Ben's picture

Yeah, of course, it's all O's fault. Always is.  Senator O must have had major pull in the Bush White House! 

Sun, 12/07/2014 - 23:47 | 5527456 hwwesq3
hwwesq3's picture

Only the House of Representatives can initiate a tax bill.  But everywhere I hear "Obama raised taxes!"

Only Congress can pass a budget; only Congress can then fail to pay for the spending.  Buit everywhere I hear "Obama doubled the National Debt!"

Only Congress can tolerate and pay for all the evil things that the Executive Branch does.  But all I hear is "It's Obama's fault!!"

Why then do the crooks pay K Street to lobby Congress???  Don't they know that only Obama runs the government???

Sat, 12/06/2014 - 21:44 | 5524910 wintermute
wintermute's picture

Blankfein = Corzine

Sat, 12/06/2014 - 22:02 | 5524931 Frolf
Frolf's picture

Corzine's earpiece

 

http://y2u.be/tOW5eljyjms

Sat, 12/06/2014 - 22:08 | 5524952 TruthInSunshine
TruthInSunshine's picture

If the buildings, electronic, electrical and other physical infrastructure at Wall Street & Broad were wiped out forever via a devastating burst, I'd not shed a tear.

Wall Street & its puppet, the FRBNY, are literally destroying our Republic.

Sat, 12/06/2014 - 22:35 | 5525012 Peter Pan
Peter Pan's picture

Just keep in mid that they "damaged" the Pentagon to destroy accounting records over missing trillions and do you think they might not "bomb" Wall Street if there was something else they needed to destroy?

And that my dear friend would be their ultimate diversion needed to begin a new chapter

Sun, 12/07/2014 - 08:38 | 5525530 Took Red Pill
Took Red Pill's picture

Let's not forget about WTC building #7 came down for the same reason

Sun, 12/07/2014 - 11:50 | 5525764 tvdog
tvdog's picture

And destroyed the two main buildings so they could steal the gold underneath

Sun, 12/07/2014 - 02:16 | 5525339 Yen Cross
Yen Cross's picture

 I've got to come clear " TIS"  your earlier comment pertaining to the EURO, is not accurate.

  I realize you're disillusioned. There's NO WAY the ECB expands it's balance sheet.

   Has anyone heard anything about Fed. balance sheet reduction? I feel like a fucking hippy that studies macro economics.

  Hey , this shit is stupid, Pass the blunt!

Sat, 12/06/2014 - 22:50 | 5525035 Aeternus
Aeternus's picture

When I see pictures of these rich fucks laughing it up (a republican on the left and a democrat on the right) toasting their cognac laden glasses while they plot and scheme to swindle and siphon away wealth from nation to nation, citizen to citizen, through the empty silent central bank conduits of secrecy and subversion..... I don't get upset, I get really fucking angry.

 

We're all gonna die.....and so will they, but not soon enough. The damage they have caused, the theft they have engineered, knows no depths and will reverberate for generations to come.

 

https://www.youtube.com/watch?v=RCtzQRkrj0U

Sun, 12/07/2014 - 05:48 | 5525430 gswifty
gswifty's picture

When the depth of the deception is known to this degree, it's hard not to get emotional. I've seen too many pics of these laughing hyenas that it makes my blood boil. The evil that some men are capable of knows no bounds.

Sat, 12/06/2014 - 23:09 | 5525081 williambanzai7
williambanzai7's picture

Sat, 12/06/2014 - 21:38 | 5524900 Eireann go Brach
Eireann go Brach's picture

Banananomics meets nigganomics= Wall St!

Sat, 12/06/2014 - 23:02 | 5525062 Eirik Magnus Larssen
Eirik Magnus Larssen's picture

Racist carping is not dissent. The main criticism against capitalism is that it is a system which systematically widens the gulf between the haves and the have-nots (and not merely as a consequence of meritocracy, as the rise of crony capitalism cogently illustrates). The kind of institutionalized racism that you represent is to be criticized for the precise same reason as capitalism is. Attempting to mix the two, as you do here, simply erases your credibility.

Sat, 12/06/2014 - 23:20 | 5525104 spqrusa
spqrusa's picture

Non of your ISMs exists other than Fuck-You-Pay-Me-ISM. The rest of them are just talking points for the blow-hards.

Sat, 12/06/2014 - 23:35 | 5525118 Eirik Magnus Larssen
Eirik Magnus Larssen's picture

His kind of right-wing extremism (essentially, the modern-day populist variation also found in for example Marine Le Pen's National Front party) is trying to cast itself as an alternative to capitalism and free market economics, but a closer examination will reveal that it rejects the concept of class struggle and opposes ideas of equality and solidarity. These are no mere talking points, but views that can translate into policies and tangibly impact people's lives for the worse.

Sat, 12/06/2014 - 23:22 | 5525106 Government need...
Government needs you to pay taxes's picture

When racism is institutionalized (your word) into the law and .gov contracting system, the system loses credibility.  Nigganomics is as good a name for it as 'MMT' or 'Keysian theory', or (insert name here).  In fact, it is an accurate functional descriptor.  Plus points, in my book.  Maybe you need another coat of brainwash.

Sun, 12/07/2014 - 10:13 | 5525631 HumanResourceProblem
HumanResourceProblem's picture

Echoing Marxian dogma also lessen credibility.

Sun, 12/07/2014 - 00:51 | 5525247 Larry Dallas
Larry Dallas's picture

+1,000,000 to Eireann go Brach.

Its not politically correct, its honest.

Sun, 12/07/2014 - 11:44 | 5525750 logicalman
logicalman's picture

The war that needs to be fought is between the thieves and the victims

Race, religion etc. are divide and conquer methods used by the thieves to distract their marks so as to make their plunder easier.

 

Sat, 12/06/2014 - 21:41 | 5524902 blown income
blown income's picture

FUCK GOLDMAN.....PRICKS...and the REST of those scum fuckers ...nail guns for all!

Sat, 12/06/2014 - 21:45 | 5524914 Joebloinvestor
Joebloinvestor's picture

The government broke up Ma Bell for a lot less.

Sat, 12/06/2014 - 21:47 | 5524921 VAD
VAD's picture

Ma Bell didn't own the government.

Sat, 12/06/2014 - 21:47 | 5524917 VAD
VAD's picture

Bullish!  amirite?

Sat, 12/06/2014 - 21:47 | 5524918 kchrisc
kchrisc's picture

Its all wealth and luxury until the guillotines show up.

An American, not US subject.

Sat, 12/06/2014 - 22:18 | 5524983 A Lunatic
A Lunatic's picture

Transparency, bitchez.....

Sat, 12/06/2014 - 23:00 | 5525057 Aeternus
Aeternus's picture

Goldman drafted its own statement, quoting Lloyd Blankfein, chief executive, as saying: “We believe that Goldman Sachs, under Federal Reserve supervision, will be regarded as an even more secure institution.

 

This is a syndicate mob, plain and simple. It's akin to the bootleggers working in cahoots with the temperance movement to create a bubble to profit from before it pops, they do it over and over again, squeeze out every last penny from the poor, dumb and destitute and flee. Except today, they don't have to flee anywhere, they are protected by government while they work in conjuction together, FASCISM.

https://www.youtube.com/watch?v=RCtzQRkrj0U 

 

Sat, 12/06/2014 - 23:07 | 5525068 JR
JR's picture

This is a milestone article, Tyler. With the truth of the takeover of our government by Goldman Sachs, as patriots, we must dedicate ourselves to whatever means we can to wrest this control away from them if we are to survive as free men.

Per a recent interview with film producer Patrick S.J. Carmack who produced the 1995 documentary entitled “The Money Masters,” those who long ago assumed control over the U.S. economy – the Fed, the IMF and the BIS – “seek world power, and care nothing about the human suffering that will result as they manipulate economies to consolidate it. Those few who have any qualms about it console themselves with the thought that in the end, control of the world by them will be more benevolent and will end wars, and so on. Of course, the opposite will be the reality—wars will be endless.”

As to this ever-increasing consolidation of banking power over the American economy and political structure, Carmack says that “the number of banks in the U.S. has declined from a high of over 18,000 to just under 7,000 now. Over 10,000 U.S. banks have closed since 1984.”

And the CEOs of the top five banks, including Goldman's Blankfein, control close to 60% of all banking assets and deposits in the U.S.; the other 7,000 banks control about 40%.

Sat, 12/06/2014 - 23:46 | 5525143 Yen Cross
Yen Cross's picture

J.R I always think about you this time of year.

We first had a conversation in 2009 about this time of the year. The euro was caving in from the November , December highs.

 The stories we could tell in (6) short years. I'm not sure what library you're tenured to. I sure enjoy and respect your wisdom.

Sun, 12/07/2014 - 00:55 | 5525253 JR
JR's picture

Thanks, Yen, for those kind words.  What a nice piece of nostalgia as we look back through the years. Your humor has kept me buoyed and I have great respect for the currency and market contributions you’ve made to the ZH roundtable.

Whenever I see your posts I see you as a friend.

Sun, 12/07/2014 - 01:48 | 5525298 Yen Cross
Yen Cross's picture

  Some of the best "statisticians" never solved their problems until the end/ 

   The prospect of Death has an unique way of divulging facts. I met my "prospect of death"  under a wall of water at age 16 .

 I'll never forget the size of the waves. We , all4 of us went out at 6:30 in the morning.

 Glass, and beautiful shoulders. We were timing the sets. Tide coming in/  Thankfully it ended in scratches.

Sat, 12/06/2014 - 23:09 | 5525078 yogibear
yogibear's picture

Goldman Sachs doing Satan's work.

Sat, 12/06/2014 - 23:23 | 5525108 Government need...
Government needs you to pay taxes's picture

I wonder how Goldman Sachs managing director tastes.

Sat, 12/06/2014 - 23:29 | 5525119 jmaloy5365
jmaloy5365's picture

No one knows or cares.

Only way to stop it is to take up arms, which is not going to happen, and will only get worse as long its allowed.

you are taking a dick in the ass by your rapist and taking it......

Sun, 12/07/2014 - 01:55 | 5525321 bunnyswanson
bunnyswanson's picture

Goldman Sachs is the Rothschilds.  They will never be able to take a bite of food without thinking for a second that one of the billions of people who despise them has gotten to it before they have.

Sat, 12/06/2014 - 23:33 | 5525125 Yen Cross
Yen Cross's picture

  lol

Goldman drafted its own statement, quoting Lloyd Blankfein, chief executive, as saying: “We believe that Goldman Sachs, under Federal Reserve supervision, will be regarded as an even more secure institution.

  Long steamed rope! Bitchez

Sun, 12/07/2014 - 11:48 | 5525758 logicalman
logicalman's picture

The whole bunch of greedy bastards should be put in a secure institution.

The gates locked.

The key thrown away.

They could then feed on each other, instead of the rest of humanity.

Sun, 12/07/2014 - 00:22 | 5525208 Clowns on Acid
Clowns on Acid's picture

I think that is just about the time that Blankfein told everyone that he was "doing God's work". What CEO in feckin history has ever said that about corporation?

Y'know...other than a Pope. Why didn't Lloyd's statement make it to Saturday Night Live and Jon Stewart (Stuart Leibowitz) Show?

Or at least the front page of the NYT? Or reported anywhere in NYT.

 

Sun, 12/07/2014 - 00:28 | 5525217 litemine
litemine's picture

seriously, what do you expect.

The NY FED. is owned by Bankers. It has ben stated that it is unlawful to publish the ownership of the Fed due to National Security. Sorry but is been leaked.....

The few who control the system are bankrupting it, already plans are in place for a new system.....Same Owners.

Got Gold?......the true storage of wealth.

Sun, 12/07/2014 - 00:43 | 5525239 enloe creek
enloe creek's picture

Just exactly what difference does it make.  They are only reflecting our society generally. Lots of folks are on the take out there. Making little pay offs and deals to get a leg up. It's not who you know it's who you blow .  get over it . or go to a web site where tears and whining are appreciated. In this world the strong take all and the strong are in wall street .

 

Sun, 12/07/2014 - 11:51 | 5525765 logicalman
logicalman's picture

These guys aren't strong - they hide behind paid thugs.

Sun, 12/07/2014 - 00:45 | 5525244 geekz_rule
geekz_rule's picture

the end game always was.. Monopoly. this is being accomplished by banksters. what else could it be.. when you have a select group with the printing presses, duh, of course they will own it all. including your flesh. w va coal mines, gang.

P < P + I

Sun, 12/07/2014 - 01:25 | 5525279 Shitgum Suicide
Shitgum Suicide's picture

This is why the bankers bribe senators because the both feel the same way about you.

https://m.youtube.com/watch?v=rYqF_BtIwAU

Sun, 12/07/2014 - 01:44 | 5525302 ebworthen
ebworthen's picture

Fuck Goldman and Wall Street to HELL.

Sun, 12/07/2014 - 01:51 | 5525310 Yen Cross
Yen Cross's picture

 It's coming ebby. Stay sharp.

 Massive China Macro Sunday. I'm long Asia.

Sun, 12/07/2014 - 02:17 | 5525335 Kina
Kina's picture

So the truth of the matter is that Goldman Sachs is anathama to peace on earth.

 

Goldman Sachs is the ultimate Mafia outfit.

Sun, 12/07/2014 - 10:02 | 5525616 shovelhead
shovelhead's picture

Holy Cow.

Wait until the Miss America Pagent contestants learn about that...

"...and I wish to destroy Goldman Sachs so we can have peace on Earth."

Sun, 12/07/2014 - 07:29 | 5525436 NuYawkFrankie
NuYawkFrankie's picture

re Goldman Writes NY Fed's Press REleases

Ahhemmm...cough... cough... Goldman IS the NY Fed

Sun, 12/07/2014 - 06:58 | 5525468 Rigger
Rigger's picture

The implication that the U.S is a banana republic is an insult to banana republics all over the world.

 

The U.S is a paper republic…

Sun, 12/07/2014 - 11:33 | 5525730 JR
JR's picture

Priceless!

Sun, 12/07/2014 - 07:00 | 5525472 Dien Bien Poo
Dien Bien Poo's picture

I hope Wankstain chokes on his xmas dinner. Oligarchy in the USA.

Sun, 12/07/2014 - 08:34 | 5525525 Ban KKiller
Ban KKiller's picture

Beware the fbi trolls lurking for Muppets.

Sun, 12/07/2014 - 08:54 | 5525540 SoDamnMad
SoDamnMad's picture

I graduated with honors from snow plow school and secured assignments at a number of NYC area and NJ airports. 

Been practicing and I have my timing down perfect.  Also got a shotgun in case there are surviv...

Wishin you all a Merry Christmas

Sun, 12/07/2014 - 10:13 | 5525630 shovelhead
shovelhead's picture

Remember:

No snowplow drivers kit is complete without a couple of fifths of Early Times Bourbon under the seat.

Go with the cheap stuff because sometimes you'll drop the bottle when you bounce off a parking berm.

...or car ...lampost...etc.

Sun, 12/07/2014 - 11:02 | 5525693 Son of Captain Nemo
Son of Captain Nemo's picture

Why not have Lloyd and Jamie pass "H Res 758" on behalf of Congress and the President and when the appropriate threshold has been reached in the markets up-to-and-including a "false flag" w/narrative declaring unilaterally a war on Russia at the start of the "New Year"?!!!

A milestone unequalled in the realm of fraud and abuse by the banks.  Sure wish the folks protesting in NYC, Chicago, St. Louis and Oakland included this in their "choke hold" repertoire!

Think ZH should keep this one at the top for the remainder of next week to show us how far down the toilet we've gone!

Sun, 12/07/2014 - 12:52 | 5525891 assistedliving
assistedliving's picture

that great financial rag the NY POST since '08 been dead on.  read John Crudele's columns

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