Author Archives: hogniharaldsson

Eisenhower on the Military Industrial Complex

President Eisenhower, in his farewell address to the American people in 1961, expressed his concerns that the military industrial complex were getting to powerful in Washington. He was right and the U.S. have taken military actions in about one country per year ever since. Some private military contractors (e.g. Blackwater, Halliburton, KBR and Dyncorp) have got enormous contracts from the government to provide security services, war supplies or rebuild what they have destroyed (the money is usually used to make oil pipelines but not roads for the locals like they promised). They all have one thing in common and that is their ties to politicians. Even worse is how politicians have made profits through investment firms, like Carlyle Group, that specialize in defence. The owners of Carlyle Group are close to 800 families including the Bush family, Bin Laden family, Donald Rumsfeld and John Major.

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Follow up on Goldman´s history

It looks like Goldman Sachs has been making a lot of money, for years, by playing the rest of us for suckers. Paul Krugman wrote an article about Goldman in New York Times and did not hold back his anger toward this controversial bank. Krugman claims that Goldman has repeatedly created a hype, which they do not belive in themselves, and got out in time to profit enormously. That is exactly what Goldman did when they famously made a lot of money selling securities backed by subprime mortgages — then made a lot more money by selling mortgage-backed securities short, just before their value crashed. Do the bankers of Goldman Sachs know the meaning of the word moral?

Here is a link to Krugman´s article: http://www.nytimes.com/2009/07/17/opinion/17krugman.html?_r=3&ref=global

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Interesting facts and theories about Goldman Sachs

Attached is a very interesting clip about Goldman´s history from Cenk at the young turks.

Could it be that Goldman have created artificial bubbles again and again to profit from them? Rising price of crude oil in 2007 and 2008 and Goldman´s gains from it have led some to believe that they had something to do with it. Cenk also wonders if the bankers at Goldman are looting their own shop because of their recent enormous bonuses.

Here is a link to the article Cenk is referring to: http://www.rollingstone.com/politics/story/28816321/the_great_american_bubble_machine/print

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