GOLDMAN GOVERNMENT

Goldman Sachs should really be Goldman Government.

The list of central bankers and others with Goldman connections serving or having served in high government financial positions around the globe is long and lush--Carney, Draghi, Paulson, Rubin, Geithner, to name but a few.

So here's an idea from a recent Wall Street Journal article, "After Crisis, Goldman Goes It  Alone," and "Regulation Is Good For Goldman" in same issue. Read both from a backdoor perspective as a conservative way to play a rebound in commodities.

If this seems like a paradox here you're getting warm.

And for that matter a bit of government backscratching for Goldman. To play pretend for a second, suppose deflation, a current meme that's just about as overdone in MSM as overdone gets, unexpectedly fizzles out and all that global fiat money printing leads to more inflation than central bankers want?

Oil isn't the only commodity down. Copper, iron ore and many others. Trading commodities is a big part of Goldman business. Now that many of the big banks have left the scene, what does Goldman know that others don't?

After all, we've had declining energy prices, a euro that recently hit a 10-year low and interest rates that if they get much lower they'll have to stand tippy-toe on the bottom just to try to touch the top.

Morgan Stanley is trimming the business, Goldman's stock is up 16% in last year, Morgan Stanley's up 23%. As the article noted commodity trading for Goldman brings in more revenue per employee than any of it's other activities.

At another point Goldman CEO Lloyd Blankfein stated with all of its competitors essentially either cutting back or abandoning their commodity trading desks, Goldman is now alone. Make of that what you want.

Here is a piece about Blankfein from celebritynetworth.com

Lloyd Blankfein net worth and salary: Lloyd Blankfein is an American finance executive who has a net worth of $500 million. Lloyd Blankfein is most known for being the chairman and CEO of Goldman Sachs. Prior to his career at Goldman, Lloyd Blankfein worked as a corporate tax lawyer for Donovan, Leisure, Newton and Irvine. Blankfein is one of the highest paid executives on Wall Street and regularly earns over $50 million per year in salary and bonuses alone. He also owns a significant number of Goldman equity.

Blankfein and Goldman Sachs employees have been major contributors for Democratic candidates, such as, Hillary Clinton and Barack Obama. With almost a million dollar contribution from Goldman Sachs employees and Blankfein, their company helped to raise more money than any other entity during the 2008 campaign for Obama. Lloyd Blankfein made a statement, during an interview, that he was doing God's work. He later explained that it was merely a joke and it just came out the wrong way.

http://www.celebritynetworth.com/richest-businessmen/ceos/lloyd-blankfein-net-worth