Schmidt: One of the weakest points in the global economy is that there is no control of the behavior of financial managers. You can divide mankind into three categories. In the first category are normal people like you and me. We may have once stolen an apple from a neighbor’s trees when we were boys, or we may have taken a bar of chocolate from a supermarket without paying for it. But otherwise we are dependable, normal human beings. Then secondly you have a small category of people with a criminal character. And thirdly you have investment bankers. That includes all the dealers and the deal makers. They all sail under different names, but they’re all the same.
I love this interview. After saying there is no leader in Europe strong enough to counter American influence he commits a sleight on America by saying:
...But I would say that, in general, Europe lacks leaders. It lacks people in high positions in the national states or in the European institutions with sufficient overview of domestic and international questions and sufficient power of judgment. There are a few exceptions such as [Prime Minister Jean-Claude] Juncker of Luxembourg, but Luxembourg is a bit too small to play a substantial role...
...If there was a president in Washington and he wanted to drop the atomic bomb on Tehran, the Europeans would be strong enough to say: “We are not part of it.” Right now, no one is strong enough in Europe to be in that position...
You get it? "If there was a president..." Yea you get it, he puts Obama in the same category with other European leaders, leaders without full understanding of the emergence of global money folks, "investment bankers", if you will. I prefer to call them parasites, unregulated, global parasites. He is more gentle with his language.
Gotta love this stuff.
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