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Gold/Mining/Energy : New Gold, Inc. (NGLD-Nasdaq bb)

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From: canucklehead8011/9/2011 7:29:49 PM
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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.”

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