"The governments don't rule the world. Goldman Sachs rules the world," claimed a shockingly outspoken trader, Alessio Rastani, on the BBC two months ago. "The savings of millions of people are going to vanish," he said, warning viewers they should "get prepared" because "economic crisis is like a cancer, if you just wait and wait thinking this will go away, just like a cancer it's going to grow and it's going to be too late."
What was interesting about the media response to this was that, rather than focus on the substance of what the trader was saying, it instead went on a wild goose chase trying to decide whether or not he was a hoaxer belonging to a group called the "Yes Men". But on one point at least Rastani was absolutely right: Goldman Sachs – aka the Vampire Squid – really have the world squeezed tighter and tighter right now within its blood-sucking tentacles.
Consider the three biggest new EU appointments:
The new president of the European Central Bank, Mario Draghi, Italy’s new prime minister, Mario Monti, and the new Greek prime minister Lucas Papademos all reportedly have the US investment bank as a common denominator.