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Jim Rogers: Bankers and stock brokers will be driving taxis

StinkiePeasants

Alfrescian
Loyal
Good luck to those who are currently working in large financial institutions at Shenton Way, Raffles Place, and CBD area.

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StinkiePeasants

Alfrescian
Loyal
Many of the chio ones are in money market, oil sales.

Doesn't matter if they are in money market and oil sales. Both sub sectors are traded in the futures market which is still part of the financial system. I expect major layoffs in the financial industry when the SHTF. The global financial system itself is all about digits written on papers and computer screens which doesn't create any tangible value to the real economy. It is based on legalized fraud and deception which is unsustainable.
 
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babuSingh

Alfrescian
Loyal
To work in a Bank you must always be mentally prepared for layoff or other measures to reduce headcount...
 

Agoraphobic

Alfrescian
Loyal
I really don't care about Futures traders. They don't do anything that produce real wealth other than drawing high salaries and contributing to inflation in the final value of goods. The ones I give credit to are the farmers, fishermen, packers, transporters, storage people. And yet for the most part, these people are at the mercy of weather, supply/demand, competition, even legislature from various white collared fuckheads.

Cheers!
 

Bigfuck

Alfrescian (Inf)
Asset
Doesn't matter if they are in money market and oil sales. Both sub sectors are traded in the futures market which is still part of the financial system. I expect major layoffs in the financial industry when the SHTF. The global financial system itself is all about digits written on papers and computer screens which doesn't create any tangible value to the real economy. It is based on legalized fraud and deception which is unsustainable.
Global MLM lah. Finance market learned from 1978 case of Amway. Now all big corporations operate the MLM way and do not be shocked that Amway Cosway and company are getting their stocks from large corporations under the name of direct marketing and membership discounts.
 

LumparChee

Alfrescian
Loyal
Good luck to those who are currently working in large financial institutions at Shenton Way, Raffles Place, and CBD area.

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Thank you for posting this. Simply excellent.
 

StinkiePeasants

Alfrescian
Loyal
To work in a Bank you must always be mentally prepared for layoff or other measures to reduce headcount...

To work in a bank you must also be mentally prepared to mislead the unsuspecting clients like the Minibond holders of Lehman Brothers, and the uncle & aunties who can barely read and understand English.
 
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