Flashback 1994: Billionaire Sir James Goldsmith Predicts Future Economic Chaos
Posted on: December 5, 2009
Posted in: All, Government, Money
In this 1994 interview with Charlie Rose, late billionaire Sir James Goldsmith – the real-life inspiration behind the character of British financier Sir Laurence Wildman in Oliver Stone’s classic film, “Wall Street” – predicts the economic turmoil that has stricken industrialized countries since the passage of GATT. It’s probably safe to say that the representative from Clinton’s economic council who debated him during this interview would not accept an offer to reengage with him on this issue again 15 years later, were Goldsmith still alive.
Goldsmith also briefly mentions the huge derivatives problem, noting that the world GDP was $30 trillion while the total market for derivatives was $90 trillion. RIP, Sir James Goldsmith. Respect.
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December 6th, 2009 at 7:11 pm
Damn dude, this guy was on the ball! If only he was alive today…