Goldman Sachs Gears Up To Profit From America’s Coming Financial Collapse

“What’s bad for America is good for Goldman Sachs,” writes Terry Keenan, anchor of “Cashin’ In,” a Fox News Channel show about investing.

The bank makes big money selling and trading federal, state, and local debt and as one of the largest primary dealers in U.S. Treasurys it “has a huge vested interest in the United States digging a deeper and deeper hole.” Goldman forecasts the U.S. will borrow a record $3.25 trillion in the fiscal year ending Sept. 30, which is quadruple the total borrowed last year, Keenan writes in a New York Post op-ed.

Its biggest competitors in the debt world, Lehman Brothers and Bear Stearns, are gone, leaving Goldman as the “major toll collector on Washington’s red-ink railroad,” she writes. “To put it bluntly, Goldman Sachs is a play on the bankrupting of America – the more we borrow, the more they make.”

Matthew Vadum

The author of Subversion Inc.: How Obama’s ACORN Red Shirts are Still Terrorizing and Ripping Off American Taxpayers (WND Books, 2011), Vadum, former senior vice president at CRC, writes and speaks widely…
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