November 26, 2011

In Devastation There Is Opportunity

YouTube video posted by PRostoZDywanu

Interview with Carlton Brown, Commodities Trader, excerpted from the 2003 documentary The Corporation, a film by Mark Achbar, Jennifer Abbott and Joel Bakan.

Carlton Brown: I've got to be honest with you. When the September 11th situation happened, I didn't know that, and I must say, and I wanna say this because I don't want to take it lightly. It's not a light situation. It was a devastating act. It was really a bad thing. It was one of the worst things I've seen in my lifetime, you know. But I will tell you and every trader will tell you, who was not in that building and who was buying gold and who owned gold and silver, that when it happened, the first thing you thought about was, "well, how much is gold up?" The first thing that came to mind was, "my God, gold must be exploding". Fortunately, for us, all our clients were in gold. So when it went up they all doubled their money. Everybody doubled their money. It was a blessing in disguise. Devastating, crushing, heart shattering, but on the financial sense, for my clients that were in the market, they all made money. 

Now, I wasn't looking for this type of help, but it happened. When the U.S. bombed Iraq back in 1991 the price of oil went from $13 to $40 a barrel, for Christ's sake! Now, we couldn't wait for the bombs to start raining down on Saddam Hussein. We were all excited. We wanted Saddam to really create problems. "Do whatever you have to do, set fire to some more oil wells, because the price is going to go higher." Every broker was chanting that. There was not a broker that I know of that wasn't excited about that. This was a disaster. This was something that was, you know, catastrophe happening. Bombing. Wars. In devastation there is opportunity.

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