For your consideration: trading that does not produce goods and services is a euphemism for gambling.(quote main article)
“The rich ruleth over the poor, and the borrower is servant to the lender” — Proverbs 22:7
“The whole profit of the issuance of money has provided the capital of the great banking business as it exists today. Starting with nothing whatever of their own, they have got the whole world into their debt irredeemably, by a trick.
“This money comes into existence every time the banks ‘lend’ and disappears every time the debt is repaid to them. So that if industry tries to repay, the money of the nation disappears. This is what makes prosperity so ‘dangerous’ as it destroys money just when it is most needed and precipitates a slump.
“There is nothing left now for us but to get ever deeper and deeper into debt to the banking system in order to provide the increasing amounts of money the nation requires for its expansion and growth. An honest money system is the only alternative.” — Frederick Soddy, M.A., F.R.S., Nobel Prize Winner, 1921.
You’ve got to give it to these guys. They are totally awesome in their arrogance.
Bank executives are cashing-in with bonuses from stock options at record rates (again), with the chair and CEO of Goldman Sachs literally claiming that they are doing God’s work (yes, really). Goldman Sachs makes money through “trading.” For analogy, I suggest reviewing the history of another record-setting company for profits that “traded”: Enron. In the two-minute trailer to the documentary, “The smartest guys in the room,” CEO Jeffrey Skilling also says, “We are the good guys. We are on the side of angels.”