Tuesday, November 17, 2009

Goldman Sachs Does God's Will While 49 Million Go Hungry



"The Department of Agriculture reports that 49 million Americans don't have enough food. That's up 13 million over the last year and is highest number ever recorded since the survey began 14 years ago."

And Goldman adds to that obscene statistic by being one of the largest commodity speculators in the world, driving up food costs. Yet, the president and Congress continue to allow that to happen.

The government spent 100 times more on Tarp than it did on food stamps in the past year, even though Tarp was unecessary and could have been completely avoided if the Fed had understood its role to sustain the banking system.

In a country where our leaders believe we are out of money (they don't understand the monetary system), the funds spent on Tarp could have gone for food, health care, basic research and education. Instead it went to save Goldman and other financial intermediaries, allowing them them to continue to engage in speculative activity that adds no value to the economy, but which drives up the cost of food and fuel for everyone.

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