How Many Goldman Sachs Executives Are Enough?

[Silver]

Trump Nominates Another Goldman Banker For Key Treasury Position

Trump supporters are swimming in that river in Egypt.

by Tyler Durden
Mar 15, 2017 9:04 AM

In the latest creeping takeover by Goldman Sachs of the White House, overnight the White House announced that Donald Trump will nominate another Goldman Sachs banker, James Donovan, for a key financial post as deputy Treasury secretary, the White House said on Tuesday, adding another alumnus of the Wall Street investment bank to his administration. Donovan joins his former peers, Treasury Secretary Steven Mnuchin and chief Economic advisor, Gary Cohn, who are also former Goldman executives who occupy senior economic posts within the administration.

Donovan's work at the bank as a managing director has included work on corporate strategy, investment banking and investment management, the White House said in a statement. He is expected to work on the Trump administration's domestic policy agenda at Treasury.

In a note from Capital Alpha's Ian Katz following the announcement, the strategist writes that Donald Trump and his team are "shrugging off" concerns they’ll be accused of turning the administration into a "Goldman Sachs reunion." He adds that with other appointments, including Justin Muzinich, formerly of Morgan Stanley, and former BlackRock exec Craig Phillips as counselors to Treasury Secretary Steven Mnuchin, the Treasury lineup now has "a distinctly financey feel"; that’s good for the finance industry as the team "speaks its language, understands its issues."

Sadly, as history has shown, what's "good for Wall Street" ends up being rather bad for Main Street.

Additionally, Trump also nominated David Malpass - who served as a former economist at Bear Stearns prior to its 2008 collapse and most recently served as an economic adviser to Trump's campaign - as its nominee for Treasury undersecretary for international affairs, a key economic diplomacy post. Malpass is also a former official in the Ronald Reagan and George H.W. Bush administrations.

http://www.zerohedge.com/news/2017-03-1 ... y-position

[Silver]

More artwork by WilliamBanzai7

This is how pathetic the choice for Trump has become:

Goldman Trump.jpg (272.38 KiB) Viewed 681 times

[Silver]

And of course, there's this golden nugget:

Goldman Cruz.jpg (254.84 KiB) Viewed 679 times

[Silver]

So, as I was saying, move along folks, nothing to see here. It's just billionaires takin' care of billionaires.

The fantasy was fun while it lasted. "Save us, Obi Don Trumpobi. You're our only hope."

trump_save us.jpg (42.39 KiB) Viewed 642 times

[Different]

Lol. Yeah I am not expecting too much considering how entrenched the modern gadianton is everywhere.

[Silver]

The numbers are a bit old, but thngs have only gotten better for billionaires and worse for the serfs in America since the data below was collected.

Everything below is from the link.
http://www2.ucsc.edu/whorulesamerica/power/wealth.html

Exactly how rich are the Top 1%?

People often wonder exactly how much income and/or wealth someone needs to have to be included in the Top 1% or the Top 20%; Table 1 below lists some absolute dollar amounts associated with various income and wealth classes, but the important point to keep in mind is that for the most part, it's the relative positions of wealth holders and income earners that we are trying to comprehend in this document.

Wealth or income class Mean household income Mean household net worth Mean household financial (non-home) wealth
Top 1 percent $1,318,200 $16,439,400 $15,171,600
Top 20 percent $226,200 $2,061,600 $1,719,800
60th-80th percentile $72,000 $216,900 $100,700
40th-60th percentile $41,700 $61,000 $12,200
Bottom 40 percent $17,300 -$10,600 -$14,800

The Wealth Distribution
In the United States, wealth is highly concentrated in a relatively few hands. As of 2010, the top 1% of households (the upper class) owned 35.4% of all privately held wealth, and the next 19% (the managerial, professional, and small business stratum) had 53.5%, which means that just 20% of the people owned a remarkable 89%, leaving only 11% of the wealth for the bottom 80% (wage and salary workers). In terms of financial wealth (total net worth minus the value of one's home), the top 1% of households had an even greater share: 42.1%.

[davedan]

America has had disasterous financial and foreign policy for the last 100 years and Trump continued to fill his cabinet with the same Goldman Sachs financial people and CFR Foreign Policy people. Therefore, nothing will change. The US Presidency has long been controlled by its advisors.

[Silver]

America has had disasterous financial and foreign policy for the last 100 years and Trump continued to fill his cabinet with the same Goldman Sachs financial people and CFR Foreign Policy people. Therefore, nothing will change. The US Presidency has long been controlled by its advisors.

Thanks for your comments. I wish others here would recognize the truthfulness of what you wrote. It has become impossible for the Trump supporters to deny the collusion between the new administration and the billionaire-class on Wall Street. It's been at least 100 years, starting with the Woodrow Wilson presidency, since these Gadiantons have been working to overthrow liberty. I'm of the opinion that Teddy Roosevelt, by creating the Progressive Party in 1912 after losing the Republican Party nomination, allowed Wilson to win in 1912. In 1916 Wilson would claim that he kept us out of WW1 while secretly making plans to involve us. Rapidly downhill ever since.

Isn't it interesting though that a Republican would leave the party to be a progressive. That's what Hillary sees herself as. Not a dime's worth of difference between the parties. They may say different things, but their actions of unrighteous domination, are the same.

[Col. Flagg]

Nauseating. And to think I had hope for Trump. :ymblushing: #-o

[Silver]

Nauseating. And to think I had hope for Trump. :ymblushing: #-o

Right. Even though the US president is the puppet and not the master, the office still has an important "image" aspect to it. Patriots have been betrayed by this president as well. Same as it ever was.