Reply #28: If someone would write what each manipulation translates into in people's lives

[lunatica]

then people would start to understand what's going on. To say they created the bubbles so they could get the highest profits possible is too dry. If someone says that but adds what it means in everyday lives then people would pay attention.

Just one example is the housing bubble which translates into a real domino effect in real life. From super-inflated prices to impossible to pay mortgages which result in foreclosures and homelessness. That's the power of Goldman Sachs. In their cavalier manipulation of the markets they affect real people in real and very painful ways. Even though the first victims are people who couldn't afford to buy houses, the prices of houses take a nosedive and contractors and the companies they purchase their equipment and materials from in order to build or maintain properties go out of business which in turn causes more homelessness and more pain. The domino effect is on. The more people become unemployed the more companies who depend on consumers to buy their products will close which creates more unemployment.

Meanwhile Goldman Sachs profits hugely. The more we hurt the richer they get. If the housing market isn't making them money anymore they move on to artificially inflating the price of gas. We hear the oil companies make their largest profits ever while in real life people are literally losing their jobs and literally dying for lack of health care which is just beyond their reach. There isn't a shortage of health care availability. There's plenty for everyone except that the insurance companies must make a profit first. If people's illnesses cut into that profit then they are refused service. They die. So when anyone writes all that abstract stuff using economist lingo few people understand what is being said, much less that it is something that affects their lives in a very personal and up close way. People die when Goldman Sachs makes a profit. People in everyday life and people in wars.