Goldman Sachs Gears Up To Profit From America’s Coming Financial Collapse

“What’s bad for America is good for Goldman Sachs,” writes Terry Keenan, anchor of “Cashin’ In,” a Fox News Channel show about investing.

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The bank makes big money selling and trading federal, state, and local debt and as one of the largest primary dealers in U.S. Treasurys it “has a huge vested interest in the United States digging a deeper and deeper hole.” Goldman forecasts the U.S. will borrow a record $3.25 trillion in the fiscal year ending Sept. 30, which is quadruple the total borrowed last year, Keenan writes in a New York Post op-ed. Its biggest competitors in the debt world, Lehman Brothers and Bear Stearns, are gone, leaving Goldman as the “major toll collector on Washington’s red-ink railroad,” she writes. “To put it bluntly, Goldman Sachs is a play on the bankrupting of America – the more we borrow, the more they make.”

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