SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : New Gold, Inc. (NGLD-Nasdaq bb)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: canucklehead8011/9/2011 7:29:49 PM
   of 46
 
Auguries-The Unspeakable Truth

September 29, 2011

By Kevin Michael Grace


Until this week, one was only dimly aware of what a “viral video” is. Apparently, these Internet sensations that so captivate the kiddies always seemed to involve cats eating spaghetti, Hitler ranting about some current controversy or cats that look like Hitler. On Monday, however, a TV interview involving global finance, of all things, went viral within minutes, and within days had shocked, angered and frightened millions.

BBC News presenter Martine Croxall had asked trader Alessio Rastani about the prospects for the Euro bailout. Instead of dispensing the usual soothing balm, Rastani lowered the boom. The bailout was dead, he said. Why? “The economic crisis is like a cancer. If you just wait and wait, thinking this is going to go away, just like a cancer it’s going to grow, and it’s going to be too late.” It got better—or worse. As Croxall gaped in horror, Rastani declared, “The market is toast.” When asked for a solution, he replied that he didn’t care, as averting disaster was not his job: “Our job is to make money from it.” In any event, “This is not a time for wishful thinking that the governments are going to sort things out. Governments don’t rule the world; Goldman Sachs rules the world.”

Read the rest of this article.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext