Tag Archives: Goldman-Sachs

BlackRock – The super cartel

Canadian government hands over key advisory and decision-making power to super cartel | PETER EWART

The unfolding worldwide pandemic is bringing with it a profound financial crisis. How the crisis will be dealt with is a question on the minds of working people around the world. In Canada, working people face the additional complication that as yet, they do not set the direction of the economy, which is controlled by a financial oligarchy and governments in their service.

A financial crisis is itself nothing new; crises are inherent to the capitalist system espoused by the financial oligarchy. To prop itself up, as the financial oligarchy lurches from crisis to crisis, its instruments and forms of organization mutate and change, like creatures from the Black Lagoon.[1] For example, out of the crises and corruption of the late 19th century came the merging of banking and industrial capital and the giant trusts and monopolies of the Robber Barons. And out of a cabal of leading U.S bankers on Jekyll Island in 1910 rose the Federal Reserve. In the 1990s, came the financial de-regulation of the banking sector and the welding back together, Frankenstein-style, of investment and commercial banking which contributed in a negative way to the sub-prime mortgage crisis and the Great Recession of 2008. And most recently, there is the “warm and fuzzy” statement from the U.S. Business Roundtable that the big corporations are responsible to all stakeholders, rather than the previous Milton Friedman configuration of only being accountable to shareholders. Continue reading

1 Comment

Filed under Canada, United States

North American Energy Summit organized by Goldman Sachs

Strategy for control of energy resources

110129-HamiltonDayofAction-87In June of this year, the major monopoly financier Goldman Sachs organized a North American Energy Summit at their New York City headquarters. According to their webpage, the summit “brought together the most thoughtful and influential public and private sector decision-makers – including leading CEO, public sector officials, and experts from the United States, Canada, and Mexico, as well as key global investors and companies involved in the North American energy sector – to discuss how the region can achieve its energy potential.”

Vice President Joe Biden gave the keynote address. President Pena of Mexico participated, as did Canadian Ministers of Foreign Affairs John Baird, Joseph Oliver of Finance and Greg Rickford of Natural Resources and the Federal Economic Development Initiative for Northern Ontario. Continue reading

Leave a comment

Filed under Canada, United States

The Fischer campaign for the chairmanship of the U.S. Federal Reserve

THERE IS an important “disinformation alert” attaching to this story. The breathtaking biography of Fischer’s past accomplishments nowhere mentions that Stanley Fischer is an alumnus, i.e., former partner, of Goldman-Sachs. His time there was contemporaneous with that of Mark Carney, the departing chairman of the Bank of Canada who is taking up duties as head of the Bank of England in July. To have two of its people at the head of the Bank of England and U.S. Federal Reserve at the same time would represent a considerable coup on Goldman-Sachs’ part, and a major repositioning and consolidation of U.S diktat over what happens in international money markets. Continue reading

Leave a comment

Filed under Uncategorized