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@JakeTran one mistake you made about The National Bank Of Canada. Is that its not Canada Federal Bank. It is just a commercial bank, the name may confuse, but its entirely separate from the Canadian Federal Bank
Seriously Dude!! Are people blind on here? You are doing videos on corruption and greed etc etc yet your promotional adds are funded or have very strong ties to said same Companies 🤦♂️ Titan has very strong ties to Goldman Sachs. You have ex employees from Goldman Sachs!
Jake Tran, ladies and gentlemen, the only man willing to put himself in the hitlists of powerful people to give us these wonderful videos. God Bless this man
@Bandit That's not entirely true, Jake probably hasn't crossed any lines yet, but it's really all about how many ears are listening to the message. Putin, North Korea, China are good enough examples, everybody knows what they're doing and people disappear who start calling out these regimes and powers, while all unconfirmed(I mean who would admit to poisoning people in another country) you still can't deny that bringing attention and crowd is what could get you on a list, knowing things usually doesn't because these powers operate under the impression that anyone would be scared to talk anyway.
Jake how could you forget Mario Draghi (Italy’s Prime Minister, former president of the European Central Bank and Europe’s most powerful man). He worked for Goldman Sachs in the early 2000’s.
@@arabcadabra8863 yes, they would coz they are always trying to see what they can gain, benefit and exploit out of u. By the way, I avoid people with ACCA too, almost everyone I know with ACCA are mean.
The more we learn about GS, the more we realize how much of an organized criminal financial organization they truly are, yet there is still more to learn, we´ve barely touched the tip of the iceberg.
Only way to Heaven is trough the Lord Jesus Christ, believe he died for your sins and rose 3 days later, accept him as your Lord and Saviour, say Jesus Christ I accept you as my Lord and saviour and believe what you did on the cross. God Is The Father, Jesus Christ The Son, The Holy Spirit, Our 3 In 1 God The Holt Trinity, Believe in the Lord Jesus Christ and you will be saved, "For God so loved the world that he gave his one and only Son, that whoever believes in him shall not perish but have eternal life." (John 3:16)
You forgot to mention the time Goldman Sachs convinced & helped the Greek government cook the books, guaranteeing them that there will be no issue with joining the eurozone despite falling short of the economic qualifications. We all know where that led.
@@FijianSouljah1312 Greek debt crisis, European debt crisis, possible Grexit, Austerity measures in Greece, brain drain, breaking of the two-party system and almost daily riots for more than ten years. Still has not recovered.
umm so this confirms, no matter how, but if you're billionaire in US, you're "good guy" in administration.... no matter how dark and grimy ways they used to get there, billionaire club
And Rishi Sunak , UK Prime minister candidate, ex chancellor, Goldman Sachs, No coincidence this company has provided every major economic minister in the last two decades.
Lots of trained lawyers become traders, and that’s what blankfein did. He didn’t practice one day of his career. Facetious to call him a lawyer. Also, he was perhaps the only JD in charge in their history? Paulson, Corzine, Rubin, etc were not JDs.
Neutral Evil in our society does not succeed because it eventually has to be exposed and it loses it's ability to stay hidden/stay trusted. Lawful Evil in our society is very powerful because it can commit evil and convince so many it's the good guy because it just has to manipulate the system and it's information.
If you want to know the common point of almost the biggest CEO, they all went through McKinsey. This consulting cabinet is a CEO factory with some shady consulting missions. You should do a video on it.
These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $109k now to put in the market....
It's not difficult, but you have to learn and handle. Another thing is that if you can't manage your home, maybe you shouldn't invest on your own. If so, you should hire a CFP to help you diversify your assets to include ETFs/index funds/mutual funds and stocks of companies with consistent cash flows, rather than betting on penny stocks.
I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?
I normally don’t comment, but if you could do a video on McKinsey and company’s role within the opioid crisis that would be very beneficial. I watched my mom struggle for years at the hands of the advice that this company spread. All for the sake of them filling their own pockets
@@pamedarix8814 I'm sorry to hear that. I work with people like that every day. I'm not convinced her sundowners has much, if any, relation to sundowners. Most of the elderly I work with are on every kind of drug, definitely including opiods, and plenty of them, and relatively few have sundowners.
You don't understand how the world works my guy, i tell you : They are so powerful that if we insects knows about their doing they laugh, they can't care less.
As always my friend, keep the little man distracted, and disoriented, while you rob them blind. This happen before in history and a war was started but nobody ever wants to talk about what really happened.
Every time I watch these videos I feel more and more helpless as I see how effed up things are in the high echelons of society. Good work Jake, keep it up 👍 Edit: I appreciate your concern, but I assure you I'm fine. I half meant this to be a joke contrasting the Helpless part with the positivity of "Good work Jake, keep it up 👍".
One thing to be hopeful about is that more and more people are becoming aware. The man behind the curtain is getting harder to ignore and is losing control. Two years ago inflation was easy to ignore, everything going up only pennies a year. Now it seems every month groceries are $5 more than last. There is a silent majority that doesn't vote because they know better than to believe the promises of either party. I'm not sure when things will get better, but the fact that these videos and all the others like it are getting millions of views each shows it's not being ignored.
The documentaries of Jake aa re so well written, researched and edited. Its a joy to watch, definitly one of the best quality content on TH-cam. Great work.
Slight correction - “National Bank of Canada” is not the same as “the Canadian National Bank” as saying it this way makes it sound akin to the central bank of our country. National Bank is just its brand name and has no power over the country. It’s actually only the 6th biggest bank in Canada.
To the folks here commenting on his video editing, pay attention to how Jake runs a story in every video. So good. Sooooo good. Keep it up Jake, you are very talented!
One thing I've learned from the mega-rich, drug kingpins and old money is that being a lying low down piece of shit that's willing to break any rule with complete disregard for others is how to get mega-rich. It kind of goes back to the old saying "money is the root of all evil". We live in a culture where sociopaths lead the way. It's literally insane how this whole thing works. This world is a fucked up place.
Bro I love your content, not too big on commenting or anything but if ever you feel discouraged, just know there is someone out there who appreciates what you do. Love from South Africa💯
Remember when TSLA raised $5bn by selling equity a few years or so back? The round was led by Goldman Sachs, who two days before getting the deal raised TSLA's stock to a buy rating.
In general, don’t trust ex bankers or so called financial experts that are from Goldman Sachs at all costs. I’d rather have a friend who actually knows what he is doing than a ex banker to be in charge of government finance.
I know quite a few people who worked at Goldman at some point, and they're all extremely bright, all people who came at or near the top of their class in school and university. It's a shame to see so much talent being wasted on this criminal enterprise.
I wouldn't say the brightest ppl, but primarily the ones who really need the job. Most international students I know worked for goldman for the visa status; they would switch jobs in a hearbeat considering the 60+ hour workweeks.
@Senthuren Sivarupan if what they're after is a visa, they don't need to work at GS. As I said, the typical GS starter will have come near the top of their class, these are people who reject more job offers than most people get. At least that was the case in my university and in my circle.
There is an error: there is a difference between the Bank of Canada (a central bank and Crown corporation), and the National Bank of Canada (Banque Nationale du Canada in French, as most executives are French Canadians), a major private bank, as we can see the logo at 1:21. Mark Carney was director of the Bank of Canada and worked for Goldman Sachs.
frick sakes, its like a college getting to be elite because the alumni are rich , the secret sauce with Goldman seems to not be who is currently there, but who used to be there
@@brayy7 The Paypal Mafia: funders of Donald Trump and Barack Obama, Makers of Mark Zuckerberg and a lot of other Robot Lizards. They all keep a low but highly influential profile (except for Elon Musk).
If Jake makes enemies with everyone, then the assassins will have to compete to kill him. Meaning they will be too busy dealing with each other than killing Jake 400 IQ plays
@@X9523-z3v Nope, the nihilism must be to see that only the logical and information-increasing things are of permanence. Else you'll fall into delusions of emotion.
Watching this made me feel so empty and hopeless inside. Why must we treat each other like this just to get ahead? Examples like this are why our country is in its current state.
@@AimForTheBushes908 I tell you why, cute heart, because the universe is a battlefield of Egos, needs and wants, where practically everyone is trying to dominate others and/or trying to acquire material goods to make existence easier for themselves 🤴🤴🤴 The suffering and exploitation that you see here is the norm really, in a world such as ours, where the civilization is still in the early stages of social and technological evolution. This will change eventually, nothing lasts forever 🤗🤗🤗
The 'new' product that could be the reason of a controversy are SPAC's - You sell a idea not a company dumb retail investors lose their money firms like GS or JPM make Billions
the same can be said of everything lmao, everything is speculative atm, whether its crypto, nft, stocks, indexes, oil, even freaking gold is speculative, and the if you keep digging into these bubbles of the past, you will notice similarities, and the more it feels like we are on an uphill rollercoaster and due for another crash really soon, because almost nothing is grounded in reality anymore.
Reporter: "So Mr.Tran why did you became the most wanted man of every organization in in the world?" 91 year old Jake Tran look into the sky with a nostalgic expression and says: "It all started when I wanted to tell the whole world the truth" and so He began to tell his tale.
I mean it is not like what he says isn't known he has to get the information from somewhere... Which is out there he just collected a few articles and retold the stories.
Clayton Gardner Clay is co-founder and co-CEO of Titan. Prior to Titan, he spent six years as an investor at multi-billion dollar hedge funds and private equity firms including Goldman Sachs and Farallon Capital Management. Lmao
Straight up admitting GS works like the mafia after a parallel to Fight Club is made. Quite amazing i gotta say, and I can totally appreciate both the honesty and the hustle, what I do not appreciate in any way, is the media denying any sort of wrong doing from these giant corporations that literally own them, and the world. We know it, they admit it, let's live with it. It's about time the masses realize we still live in the far west, and the law is neither blind, nor equal for all, the law is purposely made to ease their job. In a civil society there is no need for millions of rules and regolations, if you dig into it you'll find out that burocracy is a self serving machine, only there as a heavily guarded gate for the business world, to funnel and filter entrances, discourage the most, confuse pretty much everyone that isnt a lawyer, and as a legal "shield" for the shit they come up with. Rest assured that if a new business plan turns out to be illegal even in the slightest part, a new law/rule/regulation will be instantly cooked to make sure no legal issues will arise, even if this means poisoning the amazon river or risking any other environmental catastrophy, or in GS case, putting people in the streets by "mugging" them "legally". The system is rigged to the point that no matter how much everyone knows it's rigged, the media machine, "his master's voice", is there to sedate the masses with fairy tales, and the same goes for the government, now just a sock puppet theater manouvered by private corporations, such as GS, with the same amount of balls as a neutered dog, with all respect for the dog of course. Western civilization is a complete hoax, we'll either end up in a tirannical dystopia, or if we're lucky in a post apocalyptic one, once the house of cards crumble under its own weight, and after these last two years of constant propaganda and fear mongering for what, data at hand, amounts to nothing but a never seen before power grab, 1984 is already here, and the wind is already blowing.. In any case I'm fucked, a mix of bad choices, bad luck, and the crumbling economy pretty much hammered the last nail in my koffin, so I'm only sorry for my grandpa that fought both the nazis and the fascists, as he's now turning in his grave as history repeats itself. And for the new generations that will never know what freedom is, and how nice it was for a time, even if it was an illusion.
Hey man at least you are still living better 75% of the people on earth which majority lives in shity 3rd world countries where their money on double or even triple digits equal to only 1 dolar.
The biggest issue is the federal government: getting off the gold standard/sound money and manipulating interest rates. They got off the gold standard and thus rampant and steady price inflation. Before all this, you could just save more than you spent, put it into the back at 5-8% and then retire, but with constant price inflation, retirement funds (people, pensions, whatever) HAVE to put their money into Wall Street in order to get a reasonable rate of return. Couple that with the government artificially keeping near zero interest rates that allow companies and people to gamble on Wall Street and well...here we are....
I've got to say that you are an amazing producer of content and have helped me so much in multiple ways: you've become another one of the few consistent source of news/education/information; you motivate/inspire me as an aspiring novelist to keep working and always tackle different subjects, like economy; and expanding on the previous point, you've helped me better understand when, why, and how shitty mistakes happen within governments and corporations, something that has incredibly improved my ability to create world aspects/government-related plot points that make sense/have happened in the world. Thank you for your amazing, hard work and keep it up.
Hey Jake I want to say that I think your videos are insanely informative and it’s important for people to be able to talk about these things. I feel like people simply are viewed poorly if they want to talk about how the government should be ran and what companies should and shouldn’t be able to do.
Right when me, a naive enthusiast was thinking of maybe aiming to get into Goldman someday. Another career dream hits the ground, oh well 💀The timing is downright scary
If you can get in go for it, you will get the best education in the business. Just remember, the richest people in this World are either Astrologers, or hire the best Astrologers on Earth. You could of course just put all the money you can into Bitcoin, and don't sell this side of three hundred thousand !! (That should be sometime before the end of next year by the way.)
@@Maius26 ah yes, financial youtube advisors that can predict the price of crypto. Praise thee and let me put all my money into BTC when it hits the next all time high, bcause it sure will 4x from then within 5 months.
@@youtubebob2049 they'll hire literally almost anyone. I've spoken to many people who've worked there that came from backgrounds you wouldn't expect to end up at GS
Awesome channel. I came across this from your South African taxi Mafia video which is incredible and makes so much sense having lived there. Guess I have some videos to binge now haha
Just a minor correction here at 1:20, despite its name, the National Bank of Canada is just one of Canada’s commercial banks, the central bank is called the Bank of Canada
I have finallz decided to becomea member of your channel. Outstanding quality and the content, my God, you just don't see anywhere else. Keep it up Jake!
"Do not charge a fellow Israelite interest, whether on money or food or anything else that may earn interest. You may charge a foreigner interest, but not your brother, so that the LORD your God may bless you in everything to which you put your hand in the land that you are entering to possess.…" Deutronomy 23:19 Would love a video of you on the Egibi Family and the Ancient Babylonian Banking System.
Happy to hear that youve got your voice back. I have one pointer for the production team. Please take into account that there are people that only listen to this, podcast style. When titles flash on screen without being vocalized we completely miss where the story is going. Also insinuations like who the 'losers' are at 13:30 are missed by the audio only crowd. Keep up the good work, I'm excited to see if you'll cover any financial scandals in the (inter)national covid-aid effort.
What is the “international COVID aid effort? You mean G7 countries hoarding vaccines and “donating” these right before expiry to countries without financial muscle?
Jake could you please make a video of JP Morgan? Recently I have been researching silver and thinking about investing in it. While doing this research I learned that they were fined over $900M dollars because of manipulating precious metal prices and JUST THIS WEEK they were fined $200M for communications failures. It interests me a lot
Another company with similar influence (but is muuuch smaller) is McKinsey. You’re probably aware of how they end up consulting on some of the craziest and nefarious projects in history. But their alumni are almost always top level executives at fortune 500 companies. It’s been called the C-suite factory by some of my friends in the industry
As the good saying goes : *_"If something is too good to be true, it usually is."_* and _"There's no such thing as free money or credit, there's always strings attached ..."_
Hi jake, i just wanted to let you know how much i enjoy and learn from your content. And i wanted to say that i trust you, and without a doubt though, your integrity will be tested many times down the road. I hope i can continue to learn from you in good faith as i honestly feel like much of your content could be shown in something like a high school social studies or buisness class to great effect. Love what you're doing man. Hope you stay dangerous.
While its a free market (or at least it's supposed to be in theory) companies and banks that actively try to crash the system should be banned. You don't do business with trolls.
Rishi Sunak, The chancellor of the Exchequer for the United Kingdom, (the person responsible for all economic and financial matters) worked for… you guessed it.. Goldman Sachs. I always thought it was strange that someone with a combined marital net worth of £3.1 billion ($4.3 billion) would bother working as a chancellor to earn a measly £151k ($200k) per year. 🤔
@@ggdz7469 you jumping to conclusions and your poor comprehension skills are the reason why you seem to be confused here. I’ll ask you again… *what is the relevance?* Before you respond to me again, activate your brain.
@@ggdz7469 you don’t decide to ‘keep it civil’ when you start off being uncivilised. The points that you think youre making are irrelevant to my *original* comment because: 1. I mentioned his *combined marital* net worth and you stated that he married into wealth. Why is you comment relevant if I already said *combined martial* net worth? 2. I did not ‘discredit’ his will to “get to the top of finance or politics” The ‘correlation’ you brought forward is irrelevant to the comment I made.
@@ggdz7469 did you even watch Jake’s video? Let me ask you this.. do you believe that an incredibly wealthy person who is the son in law of the owner of Infosys a contractor to the UK government that won taxpayer-funded contract worth £22m ($30m) is in the job for the £150k a year salary? I’m sure you think it’s a coincidence that Sunak didn’t declare his family connections in ministerial register. Worthless comparison right? 🤔
@@ggdz7469 to say finance ministry requires one to be ‘good at finance’ is an oversimplification of both finance and the role of Chancellor of the Exchequer. Finance is very broad. More importantly, one has to have a great understanding of macroeconomics. That doesn’t mean they would make a great analyst at Goldman Sachs. Philip Hammond, George Osbourne, Alistair Darling and Gordon Brown were all Chancellor of the Exchequer in the past decade and none of them worked at Goldman Sachs or even in finance.
Paulson even got the White House ethics review team to give him an official waiver from any laws regarding him negotiating mergers and bailouts with his career long business partners. He made the argument that if he had to go through review process normally required for each action he took then the results would be much worse than the great depression. Basically it was either give him and his closest friends 2 trillion dollars or 15 trillion dollars will leave the US economy in the next 72 hours. Pick one.
Yes, it's an amazing system, not only do the biggest banks run the central banks (FED) they also get to run the Treasury bailing out themselves when they fail (are caught).
Not really what’s happening, this is just the view of one company remember…. JPMorgan for example also was involved with the bailouts, and they were not acting on any ill intentions. Lehman deserved to go bankrupt as they were the main player with MBSs. In actual capitalism, bad companies are allowed to go bankrupt. Whenever someone says “Goldman Sachs this” or “this company that” its never the whole company. It’s one or two execs who aren’t fit for the job. Not the whole company.
Imposing multi million dollar fines on banks, is the same as fining a wheat farmer multi million grains of wheat. The wheat farmer owns billions of grains of wheat, so the the fine is merely a drop in the ocean. Just the cost of doing business.
I prefer him here. He can say what he wants and is not limited. He also takes suggestions from viewers. Pay 5$ to watch the videos he can’t even post here
What a well researched and detailed video - I opened it expecting another typical superficial TH-cam video with breadcrumb depth, rehashing what is already common knowledge. I was 100% wrong! I never knew the details of exactly how AIG was thrown under the bus in 2008 - Or how many clear conflicts of interest there were in gov bailouts. Goes to show how capitalism needs to keep strict regulation under a watchful eye. Without really solid government oversight, things can get unethical very quickly! Great video Jake! Keep them coming!
Government didnt help thats the problem. More government isnt the answer thwy would be corrupt and give goldman a monopoly. Regulation often stops competition making these companies farmore powerful.
@@dingfeldersmurfalot4560 youve obviously never run a business. The big companies are all for it because it crushes their small business competition and allows them to maintain control.
Jake, your content is usually very on point. But regarding the "loosening of regulation around mortgages", the US government was the one to insure banks that bad mortgages would be insured by the government - that prompted banks to loosen their standards for mortgages and a bubble started to form.
@@dingfeldersmurfalot4560 well, depends on how you look at it. I dont think it matters, government shouldn't be involved in any of this. The narrative is that the bush administration wanted to have a populist goal of everyone being a home owner - they can't just build everyone housing, so they directed Fannie Mae and Freddie Mac to insure banks for mortgages. Sure, they could have been influenced by Goldman Sachs, but that what Jake should have said. Not that deregulation is the cause. Because no law has been passed to allow this - i.e proper deregulation.
@@vod96 That's a misunderstanding of how things work. Government as The Executive doesn't need legislation to influence outcomes. You can be sure that deregulation was only the visible part of the process - the bit of the Iceberg you see. Just like the Titanic, the bit that you see isn't the bit that puts the hole in your ship. Its the much larger and more powerful mass underneath, or behind what you see. The bit that we ignore is the amount of money donated by the Financial Sector to politicians and the network that brings them together in the first place. We are not in that club. We are too busy looking from the outside in at the results of the process, rather than the process itself. You can tell that a more important mass exists beyond government. Just start making the connections and follow them to where they lead: family, education, social connections, and private proclivities, all tie them together. So, there are always two keys to the door. When you don't have influence, you can buy it. So the keys to power are money and influence. That is why almost all legislature that is passed is suggested by people who have both, and not by government or people. For people with influence and money the government is only a tool that allows them to get their way.
@@BigHenFor deregulation can come by either government repealing a law or government changing a policy. Mortgage minimums, credit score checks and income checks are just tools banks and the financial sector created to calculate risk. This is the financial sector regulating itself - if the government made these checks redundant, it didn't "deregulate" anything, it just made risk a non-problem. The problem here is, regardless of who wanted a bubble (and im sure most people in the financial sector didn't think there's gonna be a bubble), but even if they did, the take away should be to reduce government control on the economy - not bankers are shady. They could be, but they can only be successfully shady if the government can be manipulated into forcing its will on the economy. They are forced into honesty, when they have to serve the average consumer.
The reason so many successful people have worked at GS is because GS hires successful people. On the outside looking in it may seem weird but, if you know the industry it’s not surprising. It’s not a normal 9-5 job, they have lower acceptance rates than Ivy Leagues, and if you work in Investment Banking you’ll be working 80-100 hour work weeks. They take the best students from the best schools then have them work their asses off. It’s the NYC of Finance, if you can make it at Goldman, you can make it anywhere.
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Sign up for Titan, the premier investment firm that manages over $750M for 35,000+ clients, and get 3 months free: titan.com/jake
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Really nice videos you should get your own tv show 😂
bro calm down stop uploading youre gonna burn out
Fantastic coverage.
@JakeTran one mistake you made about The National Bank Of Canada. Is that its not Canada Federal Bank. It is just a commercial bank, the name may confuse, but its entirely separate from the Canadian Federal Bank
Seriously Dude!! Are people blind on here? You are doing videos on corruption and greed etc etc yet your promotional adds are funded or have very strong ties to said same Companies 🤦♂️ Titan has very strong ties to Goldman Sachs. You have ex employees from Goldman Sachs!
Just a quick fun fact. I live in Australia 🇦🇺 and our last prime minister (Malcolm Turnbull) was a high up employee at, you guessed it, Goldman Sachs.
My guess was Chick-fil-a.
Wasn’t he a high up at Macquarie group not Goldman? Macquarie is a company that’s just as detrimental to Australia but really only located here.
@@ImZiio that would be Bob Carr. Turnbull was a managing director at GS
Let's go Australia..
Break down tyranny. Prayers for you.
Explains the decline of Australia into a facist dystopia
Jake Tran, ladies and gentlemen, the only man willing to put himself in the hitlists of powerful people to give us these wonderful videos.
God Bless this man
Have you checked any of the so called conspiracy channels?
I know of some that have been doing service for the public by providing information
another dude from Ethiopia wow
@@animation_computer6308 well technically I'm Tigrayan and I'm in America, but you're right
@Bandit yeah it's just a joke we have on this channel
@Bandit That's not entirely true, Jake probably hasn't crossed any lines yet, but it's really all about how many ears are listening to the message.
Putin, North Korea, China are good enough examples, everybody knows what they're doing and people disappear who start calling out these regimes and powers, while all unconfirmed(I mean who would admit to poisoning people in another country) you still can't deny that bringing attention and crowd is what could get you on a list, knowing things usually doesn't because these powers operate under the impression that anyone would be scared to talk anyway.
Jake how could you forget Mario Draghi (Italy’s Prime Minister, former president of the European Central Bank and Europe’s most powerful man). He worked for Goldman Sachs in the early 2000’s.
Yikes 😳
Perhaps his service in GS was not long enough to mention, but he remains relevant in the blatant puppeteering by these lizards
And Timothy geitner.
Same with NJ governor Phil Murphy
Rishi Sunak also
The sheer greed of people in the banks never ceases to astonish me.
I learned to avoid and dislike people working in the financial industry, including central banks.
@@seabreeze667 As if they would hang out with you anyway. No offense.
@@arabcadabra8863 yes, they would coz they are always trying to see what they can gain, benefit and exploit out of u. By the way, I avoid people with ACCA too, almost everyone I know with ACCA are mean.
@@seabreeze667 The Air Conditioning Contractors Association? What the heck are you talking about!?
Finance is one of the career paths preferred by high-functioning psychopaths
The more we learn about GS, the more we realize how much of an organized criminal financial organization they truly are, yet there is still more to learn, we´ve barely touched the tip of the iceberg.
Easily one of the best channels on all of TH-cam
Agreed
yuuuuup
As is yours boss! 🤙
Faxxx
Only way to Heaven is trough the Lord Jesus Christ, believe he died for your sins and rose 3 days later, accept him as your Lord and Saviour, say Jesus Christ I accept you as my Lord and saviour and believe what you did on the cross. God Is The Father, Jesus Christ The Son, The Holy Spirit, Our 3 In 1 God The Holt Trinity, Believe in the Lord Jesus Christ and you will be saved, "For God so loved the world that he gave his one and only Son, that whoever believes in him shall not perish but have eternal life." (John 3:16)
You forgot to mention the time Goldman Sachs convinced & helped the Greek government cook the books, guaranteeing them that there will be no issue with joining the eurozone despite falling short of the economic qualifications. We all know where that led.
Yeah
What happened??
@@FijianSouljah1312 Greek debt crisis, European debt crisis, possible Grexit, Austerity measures in Greece, brain drain, breaking of the two-party system and almost daily riots for more than ten years. Still has not recovered.
Interesting, the plain bagel has a video on that
@@mcds6307 also Goldman profited from that afterwards. the scheme they proposed was fabricated by their CEO himself
This reminds me of that time when high level ex-Monsanto employees ended up in key positions in the US government.
A lot of them are also from Bain consultant
When? Under what administration? 😳
@@eRafaell also Monsanto was involved in the Manhattan Project was also involved in eugenics. You can't make this stuff up.
A bit like now with Pfizer and the FDA
umm so this confirms, no matter how, but if you're billionaire in US, you're "good guy" in administration.... no matter how dark and grimy ways they used to get there, billionaire club
The fact that we get free documentaries on TH-cam by Jake Tran is truly a gift 👍
And Rishi Sunak , UK Prime minister candidate, ex chancellor, Goldman Sachs, No coincidence this company has provided every major economic minister in the last two decades.
And this is why the CEO of Goldman Sachs was a lawyer and not an MBA
David Solomon only has a BA in poli sci...
@@swagistan69420 last ceo had a law degree then
@@SamuelTF ah yeah Blankfein did
Lots of trained lawyers become traders, and that’s what blankfein did. He didn’t practice one day of his career. Facetious to call him a lawyer. Also, he was perhaps the only JD in charge in their history? Paulson, Corzine, Rubin, etc were not JDs.
@@swagistan69420 To be fair, the MBA is a mostly useless degree
There is a reason why the US government is also known as "Government Goldman"
Almost like the financial sector is occupied by a third party
never heard that in my life
@@bradhaines3142 you haven't peeled back enough layers then.
@Mike Rauch shut it down, they're watching.
the real GG
Institutional evil is not depicted in movies or literature. They always pin on individuals, but most effective form of evil is institutional evil
Really? They Live. Zeitgeist. Ciconia no naku koro ni. Sooo much art
Empire, Empire: 20 years after
Freaking Marx, even
@@kvdrr V for Vendetta maybe?
Neutral Evil in our society does not succeed because it eventually has to be exposed and it loses it's ability to stay hidden/stay trusted.
Lawful Evil in our society is very powerful because it can commit evil and convince so many it's the good guy because it just has to manipulate the system and it's information.
If you want to know the common point of almost the biggest CEO, they all went through McKinsey.
This consulting cabinet is a CEO factory with some shady consulting missions. You should do a video on it.
These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $109k now to put in the market....
It's not difficult, but you have to learn and handle. Another thing is that if you can't manage your home, maybe you shouldn't invest on your own. If so, you should hire a CFP to help you diversify your assets to include ETFs/index funds/mutual funds and stocks of companies with consistent cash flows, rather than betting on penny stocks.
I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing
Bot 😢
I normally don’t comment, but if you could do a video on McKinsey and company’s role within the opioid crisis that would be very beneficial. I watched my mom struggle for years at the hands of the advice that this company spread. All for the sake of them filling their own pockets
Your telling me a consulting company was involved in the opioid crisis? holy shit this world is messed up.
My mom has been using opiods for arhtirtis for years. Im pretty sure she has begining sundowners....😢
@@ukasxm8245 you didn’t know
@@pamedarix8814 I'm sorry to hear that. I work with people like that every day. I'm not convinced her sundowners has much, if any, relation to sundowners. Most of the elderly I work with are on every kind of drug, definitely including opiods, and plenty of them, and relatively few have sundowners.
Not just a consulting company, its the consulting company. Brightest and most decorated graduates go there.
The man, The Myth, The Megazord Himself!!!
megazord lmfaooooooooo
Jake is creating so many enemies as a strategy: they will fight between them and leave Jake alone.
@@X9523-z3v the rich use media to actually make this happen among the poor so they can pocket even more money lol
You don't understand how the world works my guy, i tell you :
They are so powerful that if we insects knows about their doing they laugh, they can't care less.
Just leave one country alone and you have an exit strategy.
@@MP-ut6eb only when everyone knows it matters although I do agree. A single small insect knowing is useless.
people tend not to care about kids in their parents basement wearing tinfoil hats lol
When you invest, you're buying a day you don't have to work
Bitcoin is the most profitable investment online of only you trade with the help of a professional expert
I recently got into forex trading and im already marveling over the profits I'm making, I'm like " how the hell have i been sleeping on this
I wish I knew about this Bitcoin trading earlier, brace up and get yourself some Bitcoin before it's too late
Obviously trading in bitcoin is very volatile and risky to trade that's the reason most traders trade with a company
Learn and trade under a guide I do same and I hardly make losses in the market
An Austrian painter warned us about the banking mafia 80 years ago...
That’s why they ban all his speeches and only let us learn about it through Hollywood and video games
@@EternalReich88 the two medias the bankers control tightly
What was his name
@@bhagat2774ay-dolph hit-lurr
Adolf?
What I love about Jake’s content is that he references past vids and sets up for new ones all while explaining a banger 🐐
Business! Re-sells the value of his last video, gives you a banger, and markets his new video at the same time.
Yet the people are divided by race, democrat vs republican etc. The true enemy of all of us is hidden in plain sight
Great video as always!
💯
AS long as they keep us divided ant taking sides our eyes won't be on them!
Tbh dumb people will simplified and dumb down reasoning. Then understands he root.
@Omar Mijares nah, government is controlloed by them
As always my friend, keep the little man distracted, and disoriented, while you rob them blind. This happen before in history and a war was started but nobody ever wants to talk about what really happened.
Every time I watch these videos I feel more and more helpless as I see how effed up things are in the high echelons of society. Good work Jake, keep it up 👍
Edit: I appreciate your concern, but I assure you I'm fine. I half meant this to be a joke contrasting the Helpless part with the positivity of "Good work Jake, keep it up 👍".
I first realised it in my early teenage years and all i can say is gnorance is bliss
One thing to be hopeful about is that more and more people are becoming aware. The man behind the curtain is getting harder to ignore and is losing control. Two years ago inflation was easy to ignore, everything going up only pennies a year. Now it seems every month groceries are $5 more than last. There is a silent majority that doesn't vote because they know better than to believe the promises of either party. I'm not sure when things will get better, but the fact that these videos and all the others like it are getting millions of views each shows it's not being ignored.
Covid is the best - the gift that keeps on giving control and the Spoils of Wuhan.
Can you imagine how powerfull people and corporations are going to fight global climate change? We are fucked, all of us
It really makes you want to just split off from society.
The documentaries of Jake aa re so well written, researched and edited. Its a joy to watch, definitly one of the best quality content on TH-cam. Great work.
Unless you actually work in the sector he researches and you realise it's super surface level and largely wrong and bias
Slight correction - “National Bank of Canada” is not the same as “the Canadian National Bank” as saying it this way makes it sound akin to the central bank of our country. National Bank is just its brand name and has no power over the country. It’s actually only the 6th biggest bank in Canada.
To the folks here commenting on his video editing, pay attention to how Jake runs a story in every video. So good. Sooooo good.
Keep it up Jake, you are very talented!
I've seen better.
Popular creators need to start making bids on the fed bank that’s privately owned. The families who own our economy and everything in it..
One thing I've learned from the mega-rich, drug kingpins and old money is that being a lying low down piece of shit that's willing to break any rule with complete disregard for others is how to get mega-rich. It kind of goes back to the old saying "money is the root of all evil". We live in a culture where sociopaths lead the way. It's literally insane how this whole thing works. This world is a fucked up place.
@@AdityaAT. you mean the real lazy muppets
Money itself isn’t the root of all evil. The Love of money is the root of all evil.
@@_Maya_Andrea yeah, it’s annoying how people always misquote that.
It's "THE LOVE of money is the root of all evil"
Cry
Bro I love your content, not too big on commenting or anything but if ever you feel discouraged, just know there is someone out there who appreciates what you do. Love from South Africa💯
Remember when TSLA raised $5bn by selling equity a few years or so back? The round was led by Goldman Sachs, who two days before getting the deal raised TSLA's stock to a buy rating.
In general, don’t trust ex bankers or so called financial experts that are from Goldman Sachs at all costs. I’d rather have a friend who actually knows what he is doing than a ex banker to be in charge of government finance.
I know quite a few people who worked at Goldman at some point, and they're all extremely bright, all people who came at or near the top of their class in school and university. It's a shame to see so much talent being wasted on this criminal enterprise.
I wouldn't say the brightest ppl, but primarily the ones who really need the job. Most international students I know worked for goldman for the visa status; they would switch jobs in a hearbeat considering the 60+ hour workweeks.
@@Senth99 depends, money is very motivating
@Senthuren Sivarupan if what they're after is a visa, they don't need to work at GS. As I said, the typical GS starter will have come near the top of their class, these are people who reject more job offers than most people get. At least that was the case in my university and in my circle.
yip.know a girl in south africa who was a math wiz at school.now working for goldman sachs in johannesburg as a trader.earning a fortune.
@@peterbotha1667 imagine if she used her intelligence for something productive… glad Tesla or Einstein were smarter than that.
bro this man is really putting himself on all these hitlists for us to watch his content god bless this man
God protect this Man
(And in answer to the inevitable question that statement begs.....
ALL OF THEM.)
There are no hit lists, all the people in the world no longer have the power to stop capitalism
There is an error: there is a difference between the Bank of Canada (a central bank and Crown corporation), and the National Bank of Canada (Banque Nationale du Canada in French, as most executives are French Canadians), a major private bank, as we can see the logo at 1:21.
Mark Carney was director of the Bank of Canada and worked for Goldman Sachs.
Came here to say this!
Ohhhhh
Thank you!
Also he was the gov bank of England 🇬🇧
frick sakes, its like a college getting to be elite because the alumni are rich , the secret sauce with Goldman seems to not be who is currently there, but who used to be there
Prime minister of the United Kingdom, also a former Goldman sachs employee.
Jake, you should talk about the banana wars started by United Fruit Company in Latin America and how the US military was the company's enforcer.
That's definitely something America does not want to talk about. Why do you think Central and South America looks like a dump hole.
Johnny Harris made a video about it watch it it’s really good
Paypal : *"Nothing more evil than us"*
Goldman Sachs : *"Haha, wait you're serious? Let me laugh harder"*
Paypal was evil?
I don't know about paypal being evil lol, their ventures aren't that shady
Who is saying that Paypal is evil? lol
Paypal evil?👀👀
@@brayy7 The Paypal Mafia: funders of Donald Trump and Barack Obama, Makers of Mark Zuckerberg and a lot of other Robot Lizards. They all keep a low but highly influential profile (except for Elon Musk).
I worked at Goldmans... THIS AND SO MUCH MORE.
you forgot Mario Draghi, former ECB president and now Italian prime minister
Yet another great TH-cam channel that doesn’t allow to select the notification bell. Means he’s doing right.
What's amazing is that nobody was punished for what they did!
Not really. These psychopaths control the world...
They got rewarded for their greed.
@PAYPAL manipulates nr with help of bank, im not surprised. Thanks for sharing this!
Don't worry, if no one can punish them, God will give them karma
@@thundageon5962, i always pray and offer them to God! i love karma!
If Jake makes enemies with everyone, then the assassins will have to compete to kill him. Meaning they will be too busy dealing with each other than killing Jake
400 IQ plays
jake tran will then post a video.. "The profitable business of hitmens and assassins"
Sounds like a variant of Three Stooges Syndrome.
free market at work, boys!
Or they'll all cooperate to pool money for a hitman
The killing period has elapsed.since 2000 they have advanced so well they want the public to know about their success.
Jake is slowly lowering me into turn nihilism, with one numbingly horrible scandal after another
@@X9523-z3v Well said.
@@X9523-z3v Nope, the nihilism must be to see that only the logical and information-increasing things are of permanence.
Else you'll fall into delusions of emotion.
@@X9523-z3v that's wholesome! I appreciate that
Or: How I learned to stop worrying and love the bomb
@Whats Up don't find out, ignorance is bliss...
Watching this made me feel so empty and hopeless inside. Why must we treat each other like this just to get ahead? Examples like this are why our country is in its current state.
country? think world.
@@prone1548 right you are!
@@AimForTheBushes908
I tell you why, cute heart, because the universe is a battlefield of Egos, needs and wants, where practically everyone is trying to dominate others and/or trying to acquire material goods to make existence easier for themselves 🤴🤴🤴
The suffering and exploitation that you see here is the norm really, in a world such as ours, where the civilization is still in the early stages of social and technological evolution.
This will change eventually, nothing lasts forever 🤗🤗🤗
Welcome to reality. But I do agree.
Life is not a nice game of chess like some would have you think.
Life is a mad, breathless struggle for a knife in the mud
Jake, I can promise you that GS manages WAY more than $750M. My team alone manages more than $750M.
Oops, I misread - that was for your Titan ad...
Literally the best business/educational youtuber out there.
I've seen better.
He's literally over a year behind on every topic he brings up, they were all viral hits in the past, with other talented people covering them better
@@marw9541 which channels about business history do you recommend mate?
That was a smooth transition for the ad 😂😂 Didn't realise it was a ad until half way 😂😂😂😂
🤭😅😂😂
Me too. He and other tubers are doing this a lot. Very Matrix like.
The 'new' product that could be the reason of a controversy are SPAC's - You sell a idea not a company dumb retail investors lose their money firms like GS or JPM make Billions
the same can be said of everything lmao, everything is speculative atm, whether its crypto, nft, stocks, indexes, oil, even freaking gold is speculative, and the if you keep digging into these bubbles of the past, you will notice similarities, and the more it feels like we are on an uphill rollercoaster and due for another crash really soon, because almost nothing is grounded in reality anymore.
I just got to say that you're one of the best channels on TH-cam you might be one of the best documentarians currently on the market or in history
Goldman Sachs also discriminates against disabled employees
Reporter: "So Mr.Tran why did you became the most wanted man of every organization in in the world?"
91 year old Jake Tran look into the sky with a nostalgic expression and says: "It all started when I wanted to tell the whole world the truth" and so He began to tell his tale.
I mean it is not like what he says isn't known he has to get the information from somewhere... Which is out there he just collected a few articles and retold the stories.
@@NB-lx6gz yep
91 and still alive while being most wanted...
That makes Jake more dangerous than these mafias he exposes. 😁😂
Þþþtþþ
He's not living that long if he starts exposing truly hidden stuff lol
Clayton Gardner
Clay is co-founder and co-CEO of Titan. Prior to Titan, he spent six years as an investor at multi-billion dollar hedge funds and private equity firms including Goldman Sachs and Farallon Capital Management.
Lmao
Ur joking loool
Bruh moment
LMAO
I was going to comment on the fuckin blatant ass irony of that promo but alas
Straight up admitting GS works like the mafia after a parallel to Fight Club is made. Quite amazing i gotta say, and I can totally appreciate both the honesty and the hustle, what I do not appreciate in any way, is the media denying any sort of wrong doing from these giant corporations that literally own them, and the world. We know it, they admit it, let's live with it. It's about time the masses realize we still live in the far west, and the law is neither blind, nor equal for all, the law is purposely made to ease their job. In a civil society there is no need for millions of rules and regolations, if you dig into it you'll find out that burocracy is a self serving machine, only there as a heavily guarded gate for the business world, to funnel and filter entrances, discourage the most, confuse pretty much everyone that isnt a lawyer, and as a legal "shield" for the shit they come up with. Rest assured that if a new business plan turns out to be illegal even in the slightest part, a new law/rule/regulation will be instantly cooked to make sure no legal issues will arise, even if this means poisoning the amazon river or risking any other environmental catastrophy, or in GS case, putting people in the streets by "mugging" them "legally". The system is rigged to the point that no matter how much everyone knows it's rigged, the media machine, "his master's voice", is there to sedate the masses with fairy tales, and the same goes for the government, now just a sock puppet theater manouvered by private corporations, such as GS, with the same amount of balls as a neutered dog, with all respect for the dog of course. Western civilization is a complete hoax, we'll either end up in a tirannical dystopia, or if we're lucky in a post apocalyptic one, once the house of cards crumble under its own weight, and after these last two years of constant propaganda and fear mongering for what, data at hand, amounts to nothing but a never seen before power grab, 1984 is already here, and the wind is already blowing.. In any case I'm fucked, a mix of bad choices, bad luck, and the crumbling economy pretty much hammered the last nail in my koffin, so I'm only sorry for my grandpa that fought both the nazis and the fascists, as he's now turning in his grave as history repeats itself. And for the new generations that will never know what freedom is, and how nice it was for a time, even if it was an illusion.
Right on all accounts....except.....
.....dont give up :/ its what they want.
I might know the fight is already lost but that won't stop me from going down swinging
Most passionate and alas truthful comment of the year. Keep the faith and hang in there.
Hey man at least you are still living better 75% of the people on earth which majority lives in shity 3rd world countries where their money on double or even triple digits equal to only 1 dolar.
@@noobguy9973 that’s because they do nothing to fight tyranny.
The biggest issue is the federal government: getting off the gold standard/sound money and manipulating interest rates.
They got off the gold standard and thus rampant and steady price inflation. Before all this, you could just save more than you spent, put it into the back at 5-8% and then retire, but with constant price inflation, retirement funds (people, pensions, whatever) HAVE to put their money into Wall Street in order to get a reasonable rate of return. Couple that with the government artificially keeping near zero interest rates that allow companies and people to gamble on Wall Street and well...here we are....
I just love it. " I cannot endorsed your characterisation".
I've got to say that you are an amazing producer of content and have helped me so much in multiple ways: you've become another one of the few consistent source of news/education/information; you motivate/inspire me as an aspiring novelist to keep working and always tackle different subjects, like economy; and expanding on the previous point, you've helped me better understand when, why, and how shitty mistakes happen within governments and corporations, something that has incredibly improved my ability to create world aspects/government-related plot points that make sense/have happened in the world.
Thank you for your amazing, hard work and keep it up.
Hey Jake I want to say that I think your videos are insanely informative and it’s important for people to be able to talk about these things. I feel like people simply are viewed poorly if they want to talk about how the government should be ran and what companies should and shouldn’t be able to do.
Right when me, a naive enthusiast was thinking of maybe aiming to get into Goldman someday. Another career dream hits the ground, oh well 💀The timing is downright scary
If you can get in go for it, you will get the best education in the business.
Just remember, the richest people in this World are either Astrologers, or hire the best Astrologers on Earth.
You could of course just put all the money you can into Bitcoin, and don't sell this side of three hundred thousand !! (That should be sometime before the end of next year by the way.)
You wouldn't be good enough anyway
@@Maius26 ah yes, financial youtube advisors that can predict the price of crypto. Praise thee and let me put all my money into BTC when it hits the next all time high, bcause it sure will 4x from then within 5 months.
@@youtubebob2049 they'll hire literally almost anyone. I've spoken to many people who've worked there that came from backgrounds you wouldn't expect to end up at GS
at least you have the capacity to think this way. congratulations on being a real human being
Surely I'm not the only one that loves the frequent uploads
Awesome channel. I came across this from your South African taxi Mafia video which is incredible and makes so much sense having lived there. Guess I have some videos to binge now haha
Just a minor correction here at 1:20, despite its name, the National Bank of Canada is just one of Canada’s commercial banks, the central bank is called the Bank of Canada
National bank is smaller than big 5. Canadas private sector banking is very fragmented.
Jake should make a video on fast fashion and how it is slowly destroying the world.
I have finallz decided to becomea member of your channel. Outstanding quality and the content, my God, you just don't see anywhere else. Keep it up Jake!
11:45 “when the bubble bursted” niiiooooce
"Do not charge a fellow Israelite interest, whether on money or food or anything else that may earn interest. You may charge a foreigner interest, but not your brother, so that the LORD your God may bless you in everything to which you put your hand in the land that you are entering to possess.…" Deutronomy 23:19
Would love a video of you on the Egibi Family and the Ancient Babylonian Banking System.
interesting how you call it "financial alchemy" because it really is just that. Literally.
Happy to hear that youve got your voice back. I have one pointer for the production team. Please take into account that there are people that only listen to this, podcast style. When titles flash on screen without being vocalized we completely miss where the story is going. Also insinuations like who the 'losers' are at 13:30 are missed by the audio only crowd.
Keep up the good work, I'm excited to see if you'll cover any financial scandals in the (inter)national covid-aid effort.
Just watch the videos bro
it isnt a podcast though. Watch the video
Sometimes I watch, sure, but its mostly news footage and movie segments, audio also suffices.
@@llttrr its a good point for blind people too, I don't think TH-cam makes many accommodations for them, but everyone needs to hear all of it.
What is the “international COVID aid effort? You mean G7 countries hoarding vaccines and “donating” these right before expiry to countries without financial muscle?
Jake could you please make a video of JP Morgan? Recently I have been researching silver and thinking about investing in it. While doing this research I learned that they were fined over $900M dollars because of manipulating precious metal prices and JUST THIS WEEK they were fined $200M for communications failures. It interests me a lot
Another company with similar influence (but is muuuch smaller) is McKinsey. You’re probably aware of how they end up consulting on some of the craziest and nefarious projects in history. But their alumni are almost always top level executives at fortune 500 companies. It’s been called the C-suite factory by some of my friends in the industry
Yow man Jake keep this up you've gained yourself a fan
Doing Gods work on this channel man
Most underrated channel on TH-cam. Love the videos Jake.
As the good saying goes : *_"If something is too good to be true, it usually is."_*
and _"There's no such thing as free money or credit, there's always strings attached ..."_
Your videos allow your followers to know more about the real world than the rest of the population. Hope you keep growing
Quality video as always! I especially love your smooth transition to your sponsor. Totally worth sitting through lol
A bank is an umbrella who works the opposite : on sunny days, you can open it , on rainy days , you can't.
Bro how are you still alive? You've been exposing the entire establishment lately, good work.
Love the videos man! This stuff people really need to know about, and someone is bringing it too light, thank you!
Hi jake, i just wanted to let you know how much i enjoy and learn from your content. And i wanted to say that i trust you, and without a doubt though, your integrity will be tested many times down the road. I hope i can continue to learn from you in good faith as i honestly feel like much of your content could be shown in something like a high school social studies or buisness class to great effect. Love what you're doing man. Hope you stay dangerous.
I couldn’t agree more with you on this statement, well done! He inspires me so much with my channel!
This aged like a fine wine 🤣🤣
Jake Tran dropping banger after banger this year 🔥🔥
Closer. You’re almost there….
While its a free market (or at least it's supposed to be in theory) companies and banks that actively try to crash the system should be banned. You don't do business with trolls.
It's not a free market.
Feudalism is not a free market.
They make all the rules . . Their enterprise is fool proof ( we are the suckers that always lose )
Rishi Sunak, The chancellor of the Exchequer for the United Kingdom, (the person responsible for all economic and financial matters) worked for… you guessed it.. Goldman Sachs.
I always thought it was strange that someone with a combined marital net worth of £3.1 billion ($4.3 billion) would bother working as a chancellor to earn a measly £151k ($200k) per year. 🤔
@@ggdz7469 and your comment is relevant because???
@@ggdz7469 you jumping to conclusions and your poor comprehension skills are the reason why you seem to be confused here. I’ll ask you again… *what is the relevance?*
Before you respond to me again, activate your brain.
@@ggdz7469 you don’t decide to ‘keep it civil’ when you start off being uncivilised. The points that you think youre making are irrelevant to my *original* comment because:
1. I mentioned his *combined marital* net worth and you stated that he married into wealth. Why is you comment relevant if I already said *combined martial* net worth?
2. I did not ‘discredit’ his will to “get to the top of finance or politics”
The ‘correlation’ you brought forward is irrelevant to the comment I made.
@@ggdz7469 did you even watch Jake’s video?
Let me ask you this.. do you believe that an incredibly wealthy person who is the son in law of the owner of Infosys a contractor to the UK government that won taxpayer-funded contract worth £22m ($30m) is in the job for the £150k a year salary?
I’m sure you think it’s a coincidence that Sunak didn’t declare his family connections in ministerial register.
Worthless comparison right? 🤔
@@ggdz7469 to say finance ministry requires one to be ‘good at finance’ is an oversimplification of both finance and the role of Chancellor of the Exchequer. Finance is very broad. More importantly, one has to have a great understanding of macroeconomics. That doesn’t mean they would make a great analyst at Goldman Sachs. Philip Hammond, George Osbourne, Alistair Darling and Gordon Brown were all Chancellor of the Exchequer in the past decade and none of them worked at Goldman Sachs or even in finance.
Paulson even got the White House ethics review team to give him an official waiver from any laws regarding him negotiating mergers and bailouts with his career long business partners. He made the argument that if he had to go through review process normally required for each action he took then the results would be much worse than the great depression.
Basically it was either give him and his closest friends 2 trillion dollars or 15 trillion dollars will leave the US economy in the next 72 hours. Pick one.
Hey siri, bring up the early life section on Wikipedia of every man mentioned in this video
Juice
Jake Tran’s content is second to none. Informative, entertaining and precise. Bravo.
Chill dude!! you are posting documentaries faster than I can watch
As a business major I dreamt of working for Goldman Sachs. But I’d much rather be a client of them
Yes, it's an amazing system, not only do the biggest banks run the central banks (FED) they also get to run the Treasury bailing out themselves when they fail (are caught).
🤣🤣
Wow you literally just simplified the whole video
Not really what’s happening, this is just the view of one company remember…. JPMorgan for example also was involved with the bailouts, and they were not acting on any ill intentions. Lehman deserved to go bankrupt as they were the main player with MBSs. In actual capitalism, bad companies are allowed to go bankrupt. Whenever someone says “Goldman Sachs this” or “this company that” its never the whole company. It’s one or two execs who aren’t fit for the job. Not the whole company.
Smash that early life: the video
Thank you for my in, I now know which path to take
Jake’s transition to the sponsor is so smooth.
A lot of these “evils” are just ignorant, greedy investors getting their reward.
Imposing multi million dollar fines on banks, is the same as fining a wheat farmer multi million grains of wheat. The wheat farmer owns billions of grains of wheat, so the the fine is merely a drop in the ocean. Just the cost of doing business.
Jake keeps raising the bar.
I’ve been binge watching a lot of jake’s videos and from I can tell. The world is being exploited by some very powerful people in high places.
Dude , Jake is gonna have his own netflix show one day , 🤩 these videos are amazing 👏👏👏
I've seen better.
@@mattolivier1835 where? because Jake is really good and id love to see more.
I prefer him here. He can say what he wants and is not limited. He also takes suggestions from viewers. Pay 5$ to watch the videos he can’t even post here
@@Funstun-yk7oo That's your opinion. Why would any of us care about your opinion? Jake is overrated. Blah.
@@John_shepard Nah, his videos are not too impressive.
What a well researched and detailed video - I opened it expecting another typical superficial TH-cam video with breadcrumb depth, rehashing what is already common knowledge. I was 100% wrong!
I never knew the details of exactly how AIG was thrown under the bus in 2008 - Or how many clear conflicts of interest there were in gov bailouts. Goes to show how capitalism needs to keep strict regulation under a watchful eye. Without really solid government oversight, things can get unethical very quickly!
Great video Jake! Keep them coming!
Which is why regulation is always sold to the public as evil.
Government didnt help thats the problem. More government isnt the answer thwy would be corrupt and give goldman a monopoly. Regulation often stops competition making these companies farmore powerful.
@@dingfeldersmurfalot4560 youve obviously never run a business. The big companies are all for it because it crushes their small business competition and allows them to maintain control.
Jake, your content is usually very on point. But regarding the "loosening of regulation around mortgages", the US government was the one to insure banks that bad mortgages would be insured by the government - that prompted banks to loosen their standards for mortgages and a bubble started to form.
At whose prompting and in pursuit of what interests?
@@dingfeldersmurfalot4560 well, depends on how you look at it. I dont think it matters, government shouldn't be involved in any of this.
The narrative is that the bush administration wanted to have a populist goal of everyone being a home owner - they can't just build everyone housing, so they directed Fannie Mae and Freddie Mac to insure banks for mortgages.
Sure, they could have been influenced by Goldman Sachs, but that what Jake should have said. Not that deregulation is the cause. Because no law has been passed to allow this - i.e proper deregulation.
@@vod96 That's a misunderstanding of how things work. Government as The Executive doesn't need legislation to influence outcomes. You can be sure that deregulation was only the visible part of the process - the bit of the Iceberg you see. Just like the Titanic, the bit that you see isn't the bit that puts the hole in your ship. Its the much larger and more powerful mass underneath, or behind what you see. The bit that we ignore is the amount of money donated by the Financial Sector to politicians and the network that brings them together in the first place. We are not in that club. We are too busy looking from the outside in at the results of the process, rather than the process itself. You can tell that a more important mass exists beyond government. Just start making the connections and follow them to where they lead: family, education, social connections, and private proclivities, all tie them together. So, there are always two keys to the door. When you don't have influence, you can buy it. So the keys to power are money and influence. That is why almost all legislature that is passed is suggested by people who have both, and not by government or people. For people with influence and money the government is only a tool that allows them to get their way.
@@BigHenFor deregulation can come by either government repealing a law or government changing a policy. Mortgage minimums, credit score checks and income checks are just tools banks and the financial sector created to calculate risk. This is the financial sector regulating itself - if the government made these checks redundant, it didn't "deregulate" anything, it just made risk a non-problem.
The problem here is, regardless of who wanted a bubble (and im sure most people in the financial sector didn't think there's gonna be a bubble), but even if they did, the take away should be to reduce government control on the economy - not bankers are shady. They could be, but they can only be successfully shady if the government can be manipulated into forcing its will on the economy. They are forced into honesty, when they have to serve the average consumer.
The reason so many successful people have worked at GS is because GS hires successful people. On the outside looking in it may seem weird but, if you know the industry it’s not surprising.
It’s not a normal 9-5 job, they have lower acceptance rates than Ivy Leagues, and if you work in Investment Banking you’ll be working 80-100 hour work weeks. They take the best students from the best schools then have them work their asses off. It’s the NYC of Finance, if you can make it at Goldman, you can make it anywhere.