Tuesday, April 12, 2016

BREXIT AND GOLDMAN SACHS

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If you want to know how much elitist, big money is bankrolling the anti-Brexit vote coming up this June in the UK, look no further than Goldman Sachs.

If you want to better understand the threat a Trump presidency poses to the elitist establishment, look no further than Goldman Sachs.

If you're tired of having Goldman Sachs via their long and incestuous relationships with global central bankers toy with your life, look no further than Goldman Sachs.

If you want to know why the Donald received so much push back over his recent "rigged system" comment, look no further than Goldman Sachs.

Though Goldman isn't alone among big bankers who want to defeat Brexit, they're big time players, symbolic at its core of a stacked system.

According to a recent WSJ article, Goldman's net 2015 "revenue from Europe, Middle East and Africa" totaled $8.9 billion.  Goldman is among one of the largest contributors, $700,000, to a firm lobbying against Brexit. It's executives have, the Journal reports, sent "warning letters" to major media.

It's president, Gary Cohn, last January lobbed  a scaremonger theme at that elitist of elite annuals in Davos: "It is imperative for the UK to keep the financial services industry in the UK. I don't know what would replace that industry," he urged. What he apparently conveniently left out is what would replace Goldman's lucrative booty. "The European trading block has been," the Journal notes, "a boon to Goldman Sachs. In 1970, the U.S. investment firm arrived in London with five people."

A rapid expansion followed UK deregulation in the 1980s and Goldman profited greatly expanding across the continent opening several offices in places like Frankfurt and Milan and Paris. With the advent of a single currency, however, the Euro, branches became unnecessary, centralizing its operation in London, helping to cut overhead in the process.

Since then it's been pretty much Katy bar the door with Goldman holding the key. Ninety percent of Goldman's reported 6,000 workers in Europe are London-based. The threat to Goldman is great, but that hardly means the threat to ordinary Brits is. That's the big lie; there won't a meaningful financial industry without Goldman and it's Wall Street brethren if Brexit passes and Goldman is forced to change.

Bernie Sanders, the good Vermont socialist, if you noticed, took a lot of flack from the elitists in the Donkey Party for telling the truth--that Hilary took a lot more Wall Street money than he did. The real truth is: She took a lot more money from Wall Street that he and Trump put together.

The scare tactics unfortunately on worked the Scots. If the people of the UK truly love their sovereignty, their currency and their liberty, they won't be fooled this time around by this elitist ploy.

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