Goldman Sachs, Obama, the Federal Reserve, Al Gore & a Communist Revolutionary Group

Posted on May 03, 2010 in Economic News

Source: Various + Original

The constant Goldman Sachs charade on television has got me thinking…
Here are a few things for YOU to ponder…

• William C. Dudley, President of the Federal Reserve Bank of New York; was a partner and managing director at Goldman
• Gary Gensler, Chairman of the Commodity Futures Trading Commission; spent 18 years at Goldman
• Mark Patterson, Chief of Staff to Tim Geithner; former Goldman lobbyist
• Philip Murphy; nominated for ambassador to Germany; former Goldman executive
• Diana Farrell; Deputy Director of the National Economic Council; formerly with Goldman
• Emil Michael; White House fellow; former investment banker with Goldman

This is an obvious collusion between Barrack Obama, George Soros, Al Gore, Goldman Sachs, Franklin Raines (the super crooked Fannie Mae head), CCX,  Generation Investment Management (co-founded by Al Gore), Timothy Geithner (or his “Chief of Staff” handler telling him what to do), Barney Frank, Ben Bernanke and many more.

Let’s take a closer look at the players involved and see why -

Chicago Climate Exchange (CCX)

CCX is North America’s only voluntary, legally binding greenhouse gas reduction and trading system for emission sources and offset projects.  The companies joining the exchange commit to reducing their aggregate emissions by 6% by 2010. To date, the exchange has more than 350 members ranging from corporations like Ford, DuPont, and Motorola, to state and municipalities such as Oakland and Chicago, to educational institutions such as University of California, San Diego, Tufts University, Michigan State University and University of Minnesota, to farmers and their organizations, such as the National Farmers Union.

CCX is operated by the public company Climate Exchange PLC, which also owns the European Climate Exchange.

CCX is 10% owned by Goldman Sachs and 10% owned by Generation Investment Management (GIM).

The actual mechanism for trading on the exchange was purchased and patented by none other than Franklin Raines, who was CEO of Fannie Mae at the time.

Raines profited handsomely to the tune of some $90 million by buying and bundling bad mortgages that led to the collapse of the American economy. His interest in climate trading is curious until one realizes cap-and-trade would make housing costlier as well.

Amazingly, none of these facts came up at Senate hearings on Goldman Sachs’ activities, which may be nothing more than Ross Perot’s famous “gorilla dust,” meant to distract us from the real issues.

The Joyce Foundation and President Obama

President Barrack Hussein Obama was instrumental in funding the formation of the Chicago Climate Exchange (CCX).  Before becoming a Senator, Obama was a Board Member of the Joyce Foundation, which gave nearly $1.1 million in two separate grants that were “instrumental in developing and launching the privately-owned Chicago Climate Exchange…”

Valerie Jarrett, one of Obama’s top advisors, is still on the board of directors for the Joyce Foundation.

It may be interesting to note that the Chicago Climate Exchange, in spite of its hype, is a veritable rat’s nest of cronyism. The largest shareholder in the Exchange is Goldman Sachs and  Chicago Mayor Richard M. Daley is its honorary chairman.

The Joyce Foundation also funded money for John Ayers’ Chicago School Initiatives.  John Ayers is the brother of William Ayers, who in 1969 co-founded the Weather Underground, a self-described communist revolutionary group that conducted a campaign of bombing public buildings during the 1960s and 1970s, motivated by U.S. involvement in the Vietnam War. He is now a professor in the College of Education at the University of Illinois at Chicago, holding the titles of Distinguished Professor of Education and Senior University Scholar. During the 2008 Presidential campaign, a controversy arose over his contacts with Barack Obama.  William Ayers responded, saying that while they were not close friends, he considered him a “neighbor and family friend.”

Al Gore and GIM – Generation Investment Management

Former U.S. Vice President Al Gore is Chairman of GIM, and David Blood — previously chief executive of Goldman Sachs Asset Management — is CEO.  The pair has given the company its nickname, “Blood and Gore.”  Generation’s long-term thematic research agenda is into global sustainability and renewable energy issues. Past areas of focus have included climate change, poverty and development, ecosystem services and biodiversity, water scarcity, pandemics, demographics and migration, and urbanization.

GIM also owns a 2.98% stake in the Climate Exchange, which in turn owns the Chicago Climate Exchange (and has a larger 10% share in that). This gives Al Gore a financial bias towards promoting global warming control through the trading of carbon credits, one of Obama’s chief agenda items.

Hmmmm…

Are you doing your part in being a good, law-abiding eco-conservative global citizen?

Does this sound more like Obama or Al Gore speaking?  I’m starting to get them confused…

Let’s continue with George Soros and the Federal Reserve’s crew that is in bed with Goldman.

Hayden’s Note:

I hate to not finish an article and research, but I’ve gotten busy at work and 50 million other things going on.  I wanted to at least post this much.  Maybe you can find other articles that get into George Soros and dive deeper into the economic scheme being pulled over our eyes. 

Related Articles:

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  3. Goldman Sachs Halts FaceBook Offering to US Investors
  4. Goldman Sachs Reveals Where Bailout Cash Went Under Threat of Subpoena

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