- With little to no gold available to purchase in anything smaller than 1 kilo ingots (and they are getting harder to come buy) people are getting more and more interested in putting large amounts of money into start up mining operations.
- If GM shuts down from no bailout there will be between 3 & 3.8 million additional jobs lost in the U.S. counting down stream effect into the ancillary sectors.
- With the massive layoffs on Wall Street from CITI group and etc. crime in NYC is going way up, mostly in bank robberies, home invasions, murder and other violence. Now here is the interesting part.....a lot of the perpetrators are laid off executives from the wall street firms that no longer have their very huge salaries!!!
- He said that in NYC the public is NOT handling this economic train wreck very well at all. People are starting to get twitchy (not his exact words) but that is the jest of it.
- He is moving back to Alaska to get away from the inevitable future social unrest.
Friday, November 21, 2008
Off the Record with a NYC Investment Banker
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