Battle Between JPMorgan vs. Goldman Sachs and the Mythology of the “Free Market”
This is one of the best, most concise, explanations I’ve ever read on how Wall Street banking firms are controlling the economy. Ellen Hodgson Brown describes an ongoing drama between Wall Street and Washington that gets next to zero coverage in the corporate press, and lays lie to the ongoing mythology of the “free market” that continues to intoxicate our nation’s prevailing political orthodoxy.
We are witnessing an epic battle between two banking giants, JPMorgan Chase (Paul Volcker) and Goldman Sachs (Geithner/Rubin). Left strewn on the battleground could be your pension fund and 401K.
The late Libertarian economist Murray Rothbard wrote that US politics since 1900, when William Jennings Bryan narrowly lost the presidency, has been a struggle between two competing banking giants, the Morgans and the Rockefellers. The parties would sometimes change hands, but the puppeteers pulling the strings were always one of these two big-money players. No popular third party candidate had a real chance at winning, because the bankers had the exclusive power to create the national money supply and therefore held the winning cards.
Here’s an additional gem to help drive the point forward…
JPMorgan Chase Aided and Abetted a $250 million Ponzi Scheme
