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UBS report warns of dictatorship, "civil war" if Euro falls

Discussions about the economic and financial ramifications of PEAK OIL

Re: UBS report warns of dictatorship, "civil war" if Euro fa

Unread postby Loki » Sat 17 Sep 2011, 15:07:54

$this->bbcode_second_pass_quote('Keith_McClary', 'I')n other UBS news:
Rogue trader suspected in $2 billion loss at UBS
$this->bbcode_second_pass_quote('', 'O')ne man armed with only a computer terminal humbled a venerable banking institution yet again. This time it was Swiss powerhouse UBS, which said Thursday that it had lost roughly $2 billion because of a renegade trader.
...

If this guy had made UBS $2b he would have been hailed as a hero and promoted. But because he lost $2b he's a "rogue." But in the end it's all gambling, a parasitic financial class rolling the dice and transferring the world's wealth upwards. They lost this bet, but won't stop them from giving the dice another roll.
A garden will make your rations go further.
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