Does Goldman Sachs rule the world? (And, why was GS Mic-Checked by Occupy Princeton?)

Updates and links about Mon Dec 12th actions: here

Three pieces about Goldman Sachs:

(excerpt from) Digital Journal/Op-Ed
The Goldman Sachs project — New world government?
November 18, 2011

“By leading the world’s economies into chaos, Goldman Sachs is creating a situation where they can replace key government leaders with their own people.
It’s a cheap con: scare your victim then move in to offer ‘protection.’

That’s the technique that’s now being used on a global scale to oust world leaders and effectively take over world government…”

The piece at Digital Journal points out that two world leaders, in countries where there are financial crises, have connections to Goldman Sachs:

Greek Prime Minister Lucas Papademos has ties to Goldman Sachs.

The Prime Minister of Italy, Mario Monti, “was an international adviser to Goldman Sachs from 2005 until his nomination to lead the Italian government.”


(excerpt from) The Atlantic Wire
Occupy Princeton Hijacked a Goldman Sachs Recruiting Event
December 9, 2011
(with video)

On Wednesday and Thursday night, Occupy Princeton protesters visited information sessions for J.P. Morgan and Goldman Sachs, respectively. After walking around, shaking some hands and chatting with the recruiters, the protesters chimed in with the now-familiar, banker crushing refrain: “Mic-check!” What follows amounts to a laundry list of offenses committed by the companies’ before and after the financial crisis with a particular emphasis on how the culture at J.P. Morgan and Goldman Sachs defies Princeton’s motto… The Atlantic Wire



(excerpt from) Vancouver Sun
‘Goldman Sachs runs the world’: Trader tells BBC
September 27, 2011

A financial trader in London…[told the BBC,]…”The governments don’t rule the world. Goldman Sachs rules the world. Goldman Sachs does not care about this rescue package, neither does the big funds.”


Link to a website about the decision of Occupy Wall Street to go squidding at Goldman Sachs:

There are problems all over the world. And many corporations, banks, and politicians who helped cause them. Why are we posting about Goldman Sachs today?

First of all, because some people are citing Goldman Sachs as one of the biggest problems. And, when we heard the info about Goldman Sachs connections to leaders in Greece and Italy, it frightened the heck out of us!

But, more importantly…

On Monday, December 12, 2011, Occupy Portland is calling for a coordinated shutdown of West Coast ports. If you are on the west coast, consider pitching in. This week, all around the country, you may expect nonviolent actions against Goldman Sachs from your local occupations. [In NYC, they did a squidding event against Goldman Sachs.] Check in with your local occupy and see what you can do to help battle this giant company who is creating financial havoc around the world.


FAQ and Summary

Why are occupy protesters focusing on Goldman Sachs?
Why Goldman Sachs?
What’s the problem with Goldman Sachs?
What does Goldman Sachs do wrong?

There are three media articles above, and a link to “Let’s Go Squidding”, which answer the question. The short answer is that Goldman Sachs is an American multinational investment banking and securities firm that operates globally.  And, they seem to be in the way of power an awful lot. See the Wikipedia entry for a description of Goldman Sachs: here.

Why is Occupy Wall Street squidding Goldman Sachs?

See above. And, squidding is a reference to a quote by journalist Matt Taibbi: “The first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.”

Why is there a Coordinated West Coast Port Shutdown?

The port shut down is an event to show the power of the people, and the power of the occupation. It is also directed at Goldman Sachs and EGT, two entities that have oppressed labor. And, it was coordinated in response to the fact that police from various cities and counties are conspiring to do coordinated attacks of occupies. If they can coordinate resources against the people, the people will have to unify even more!

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