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How Goldman Sachs Rules the World

by Ayke Suthoff Friday, Feb. 24, 2012 at 12:43 PM

Hank Paulsen had famous examples: Robert Rubin, Treasury secretary under Bill Clinton, also changed from Goldman Sachs into politics. Europe and the US are firmly in the grip of Goldman Sachs.


By Ayke Suthoff

[This article published 12/29/2011 is translated from the German on the Internet, . Ayke Suthoff is a news.de volunteer.]

It sounds like a conspiracy theory but unfortunately is true. With Lucas Papadomos, Mario Monti and the new head of the European Central Bank Mario Draghi, Europe is controlled by a clique of former Goldman Sachs men. These three are not the only ones.

The BBC interview of Alessio Rastani struck like a flash of lightning. Thanks to YouTube, Facebook and Twitter, the insights of the supposed British stock exchange trader raced around the world at breakneck speed – and caused some commotion. Rastani announced the further collapse of the financial system and a worldwide recession. One of the greatest investment banks of the world would profit from this, he declared. “Goldman Sachs rules the world,” Rastani said. The moderators were speechless.

A little later it was revealed that Rastani was an insignificant hobby-investor and not an important stock exchange trader. But he was serious in everything he said, so serious that he was surprised by the worldwide echo of his interview. “I thought you knew everything,” he told Forbes Magazine.

On principle he was right. Someone from the financial sector has almost never spoken this knowledge so openly. In other crises, the assumption that Goldman Sachs has firm control of the world was very widespread for a long time – among conspiracy theorists. In the English-speaking world, the term “Government Sachs” suggests that Goldman Sachs has long had the American government under its thumb.

The basis for this thesis was the commitment of Henry Paulson as Treasury secretary of the 2006 Bush regime. Henry M. Paulson, better known by his nickname Hank, worked for Goldman Sachs since 1974 and as manager from 1`999 to 2006. In 2005 his annual income including bonuses was million. Altogether Paulson’s assets are estimated at 0 million.


Paulson is a super-rich financial shark. His whole career involved risky investments and bank transactions that were only possible thanks to the deregulation of the American financial sector since the middle of the 1980s. That a liberal investment banker assumed the job of regulator sounds ou89t of place or bizarre but is not unusual.

Hank Paulson had famous models or examples: Robert Rubin, Treasury secretary under Bill Clinton, also changed from Goldman Sachs into politics. Jon Corzine, Goldman Sachs manager until 1999, was later senator and governor of New Jersey. Thus the Goldman Sachs c9onnection also has states in its hand and not only the American Treasury department. Many lobbyists and consultants who seek to influence politics for the mammoth banks are some of the big shots in business.

In the meantime Europe and the US are firmly in the grip of Goldman Sachs. For example, Mario Draghi, the new head of the European Central Bank in Frankfurt since November 1, is one of the most important financial decision-makers of the world. Draghi knows all about finances. He was vice-president of Goldman Sachs in London from 2002 to 2005.

There he had a colleague at least as well-known and important: Mario Monti. Since the middle of November 2011, Monti has been the head of the Italian transitional government. Before that, he was vice-president of the European Central Bank and international advisor of Goldman Sachs.


The third in the alliance is Greece’s new Prime Minister Lucas Papademos. From 1994 to 2002, he was chairperson of the Greek Central Bank and in that function participated actively in the balance-forgery of the country concealed by Goldman Sachs for which they now pay dearly. Goldman Sachs has even more to offer Europe than these three. In Germany, there is Otmar Issing who is also an international advisor of Goldman Sachs. Up to 2006 he sat on the board of directors of the European Central Bank. Before that, he was on the board of directors of the German Central Bank. Besides his activity for Goldman Sachs, he has been an advisor of the German government.

To his retirement in the middle of November 2011, the Portuguese Antonio Borges was European director of the International Monetary Fund (IMF). Before that, he worked as director of Goldman Sachs in London. The late Belgian EU commissioner for competition Karel van Miert also worked for Goldman Sachs as a consultant. Then there is Ire Peter Sutherland, ex-president of Goldman Sachs International, former EU commissioner and one of the tightrope walkers of the Irish bailout umbrella.

Alessio Rastani is right: Goldman Sachs rules the world.



"Final Report of the Inquiry Commission on the Financial Crisis," February 24, 2011, 576 pages


Video: "Final Report of the Inquiry Commission on the Financial Crisis," January 27, 2011, CSpan. 1 hr 10 min


Video: John Kenneth Galbraith, 2008, 52 min


Mosler, Voilkhard, “The Error is in the System,“ January 2012


Rogall, Holger, “The Invisible Hand Doesn’t Help Any More,” December 2011


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