Goldman Sachs is a unique situation that deserves special attention. They are part-owners of the Federal Reserve - which is not a federal government entity, but a private bank; that just happens to control US monetary policy.
Per the latest list I saw, the other owners of the Federal Reserve are:
- Rothschild Bank of London
- Rothschild Bank of Berlin
- Lazard Brothers of Paris
- Israel Moses Seif Banks of Italy
- Warburg Bank of Amsterdam
- Warburg Bank of Hamburg
- Lehman Brothers of New York
- Kuhn Loeb Bank of New York
- Goldman, Sachs of New York
- Chase Manhattan Bank of New York
In all, there are about 300 VERY POWERFUL, partly foreign individuals that owns the FED.
Goldman Sachs executives have had a long history of serving in the Federal Reserve and the Treasury. Goldman Sachs executives regularly meet in chummy private sessions with our financial and political leaders. How would you like advance knowledge of what fiscal policy is going to be? How would you like to have that policy set to benefit you? How would you like to set that policy? Goldman Sachs is so successful because they have a major advantage, which they use ruthlessly. They are robber-barons, and we the voters allow it to be; year after year. How dumb are we?
The Federal Reserve is a huge mistake that we don't correct because most Americans don't understand them or how monetary policy works. They screw the citizens every year. It's time American monetary policy is put back into the hands of America; and not the robber-barons. I wait impatiently for the day when America wakes up and decides they've had enough. It will probably be a long wait.