Crime & Justice
Goldman Sachs Created Derivatives as Weapons of Mass Destruction Before 2008 Crash
The Duran
How China Escaped Banker Shock Therapy w/ Cynthia Chung
What was said
"Goldman Sachs was found out through the inside job documentary that they had purposely created derivatives where they would make a profit if their clients lost money. And the more money their clients lost, the bigger the profit they would make."
Cynthia Chung reveals that investment banks, particularly Goldman Sachs, deliberately engineered complex financial derivatives designed to profit from client losses prior to the 2008 financial crisis. She connects this to Goldman Sachs CEO Henry Paulson's transition to U.S. Treasury Secretary (2006-2009), positioning him to oversee both the crisis response and global financial reform while maintaining ties to China through 70+ visits since the 1970s.
Verification status
Attributed speaker claim
Egleze verified who said this and where. The underlying claim has not been independently established by Egleze.
Source and context
Egleze verified who said this and where. The underlying claim has not been independently established by Egleze.
- Programme
- The Duran
- Episode
- How China Escaped Banker Shock Therapy w/ Cynthia Chung
- Clip time
- 11:26
- Original source
- Watch the source segment →
From this episode
The Duran