ROLLING STONE?

Today, I would like to direct everyone to the ROLLING STONE magazine, issue of July 9-23, 2009. Beginning on page 52, Matt Taibbi has written an article titled The Great American Bubble Machine. This is an important article to read if you are a MONEYTHOUGHTS follower or not. Directly under the title are these words: From tech stocks to high gas prices, Goldman Sachs has engineered major market manipulation since the Great Depression - and they're about to do it again.

First let me say, I am surprised to find this article in a magazine I thought wrote about music. But, last week, I got a post card telling me that Conde' Nast would no longer publish Portfolio, the magazine. I find it interesting that a magazine like Portfolio can not make it in this market. If ever there was a time when the public needs to know more about what is going on between Wall Street and Washington, it is now.

Matt Taibbi has researched and written an excellent article, and if only 100 million people would read it, we might have a chance to change some things in Washington. Wall Street has made "marks" of the American people as individuals and as part of larger groups such as pension funds run by the several states. Take a few minutes and go to your local library and read this article if you do not wish to buy the magazine for one article as I did.

But, then we should all make copies of the article and send it to President Obama in THE WHITE HOUSE. If a few million people cut out or sent copies of this article, perhaps our president might get the picture. The article talks about how many former Goldman Sachs people work in government in important positions that regulates the way business is done on Wall Street. Again I urge everyone to read this article, it will open your eyes to what went on, as well as what is going on now in the investment business.

After some of you read this article, I hope you will share your opinions in comments.

Stay tuned.