Galt's Gulch

BBC Speechless as Trader Tells Truth - YouTube

Posted by WebCrafter 11 years, 7 months ago to Economics
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I'm following the shape of things to come re: Global Economy - This is very enlightening report. An eye-opener.

SOURCE URL: http://www.youtube.com/watch?v=uoJthzxpn7A

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  • Posted by khalling 11 years, 7 months ago
    if our government(s) was efficient and small and believed in freedoms, everyone would be creating wealth in a upward moving economy, enjoying amazing technological advances, living longer lives. I dream of that, Mr. Trader
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  • Posted by fivedollargold 11 years, 7 months ago
    It is an exaggeration to say the Goldman Sachs rules the world, but this trader is correct in that "down markets" provide an opportunity to make money. The problem is that it is not always so easy to tell the difference between a temporary market correction and one that steamrolls off the cliff until it is too late.
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    • Posted by WebCrafter 11 years, 7 months ago
      Hi FiveDollarGold and thanks for your response.

      I too felt the comment by trader, Alessio Rastani regarding Goldman Sachs ruling the world could be something of an exaggeration. After all, this was quite a strong statement to make without any supporting evidence.

      So I did a little research and was surprized by my findings. Please check my post entitled, 'List of Goldman Sachs employees in the White House'.

      Trader Rastani's comment that 'Goldman Sachs rules the world' may appear exaggerated but after reading the 'List' perhaps a better choice of words instead of 'rules the world' should have been 'influences the world'. However, a rose by any other name...
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