George S. May Business Blog

Brazilian president gets to the root of the economic crisis

In an absolute stroke of genius, Brazil’s president, the very wise and insightful President Luis Inacio Lula da Silva, broke through all of the clutter and speculation of why the world is in an economic crisis and laid it out on the line for every economic ‘analyst’ that pretends to know what they aretalking about.

The housing market’s subprime loan crisis?

No.

Negligent management of the S.E.C. by Christopher Cox?

No.

George W. Bush?

No, no. Not even the former United States president, Mr. Dub-ya is to blame according to sensible Silva.

According to Brazil’s president, those to blame for our economic crisis:

“white people with blue eyes”

My goodness, how did I not think of that?

President Silva followed up his brilliant avowal telling the press how upset he was that his country does not have a larger say in molding world policy.

Well, I wonder why. You seem like such a rational, well spoken, individual Mr. Silva.  

Here’s the exact quote:.

“This crisis was caused by the irrational behavior of white people with blue eyes, who thought they knew everything and now show they know nothing.”

He later defended his statements saying that, well, he wasn’t being racist, he just doesn’t know any black bankers.

Seriously, I’m not kidding.

When challenged about his claims, Lula said: “I only record what I see in the press. I am not acquainted with a single black banker,” according the Guardian newspaper, a British publication.

Thank you for clearing that up, Mr. Silva. It all makes sense now.

He then finished up by asking the blue-eyed members of the G20 to back a $100 billion expansion of trade finance to reverse a fall in exports.

BREAKING NEWS: Reports have emerged that upon arriving to his home he called his wife fat. He then asked her to make him some coffee.

Related posts:

1. Doom Loops: Who Said Economic Policy was Dry? There are plenty of people who might refer to regulatory finance as a drier subject matter than most, not very compelling, mostly facts and figures....


2. Mark LaNeve, vice president of General Motors U.S. sales, out! Fritz Henderson, CEO of General Motors, announced Wednesday morning that Mark LaNeve, vice president of U.S. sales, will be leaving. No replacement has been announced,...


3. JPMorgan Chase & Co. to undergo senior management changes JPMorgan Chase & Co. made a huge announcement today, in that, it will be shuffling the senior management duties of its investment banking and asset...


4. Jim Rogers makes bold prediction Financial “experts” make predictions all the time. Heck, it’s their job. Lately, as I’m sure everyone’s noticed, most of them are negative. So, when we hear one...