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Tuesday, September 27, 2011

"In less than 12 months... the savings of millions of people is going to vanish."

This is a video in which the BBC interviewers are visibly shaken by a market trader's assessment of the economy's dire state.

Money quote:

"This economic crisis is like a cancer, if you just wait and wait thinking that this is going to go away, just like a cancer it is going to grow and it's going to be too late! What I would say to everybody is: Get prepared. This is not a time right now to-- wishful thinking-- the government is going to sort things out. The governments don't rule the world. Goldman-Sachs rules the world."

Hat tip: Zero Hedge

Wes Messamore,
Editor in Chief, THL
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