Benjamin Rothschild: The United States is finished!
Here’s a quote from a recent interview with Baron Benjamin de Rothschild published on the haaretz.com website today.
What stage of the crisis are we now in – the beginning, the end, the middle?
“I don’t have a clue in hell. You tell me. Anyone who answers that question is either a genius or a fraud. The American economy is still in the grip of a serious crisis; they have an employment problem that is going to get worse. One of the strengths of the United States lay in people’s ability to move from one job to another. That has now come to a halt. They can’t relocate because they can’t sell their home. The United States is finished, at least for the moment. There will be more oversight, but people will always come up with new financial products that are not amenable to oversight. What’s happening is that the firefighters keep arriving after the fire.”