Here Martin first states no grand conspiracy theory but then goes on to describe in great detail his own dealings with the “club.” While I agree with Martin that many who just can’t understand what’s happening have to put a label on it, like “conspiracy,” I also see that all the manipulations add up and do get out of control. Goldman, while maybe not intentionally setting out to indebt the world, or JPM not setting out to be the world’s largest holder of derivatives have, in fact done so. They now permeate the world with their debt and toxic derivatives. Conspiracy or accidental idiots, the end result is the same.
The bottom line from my perspective is who and when do reasonable men step in to place limits on their activities?