Goldman’s Game of Life
by wjw on October 12, 2011
Does anyone remember The Game of Life? You drove in a little plastic car around the game board, and if you made all the right decisions, you’d end up with a home in the suburbs, a mortgage, and 2.5 children. Which was the game’s definition of happiness, I guess.
Those zany jokers at Goldman have created their own version in a flowchart of Europe’s current fiscal dilemma, with outcomes ranging from Euro Happiness to Euro Misery. The chart seems reasonably comprehensive, except for the box that says, “Buy complex Goldman financial instruments that convince you and everyone else that you’re solvent when in fact you’re not.”
Don’t know why they left that out.
Did you spot this on Zero Hedge? I’ve been checking there once or twice a day – a great mix of solid if obscure information, occasionally incomprehensible jargon, and nut-jobbery. For all that, there are some real, palpable hits on what I suspect history will judge to be the real villains of this piece.
Sorry, “Buy complex Goldman financial instruments that convince you and everyone else that you’re solvent when in fact you’re not.” should have been represented as an asterisk next to ‘Start’. Our apologies.
Lala, just make sure that ends up in Version 2.0! And don’t outsource it, do it yourself!
John, I didn’t get the chart from Zero Hedge, but from another page— but now that I look at that page, I find they swiped it from Zero Hedge.
In fact, now that I google the thing, it seems that =everybody= who used the chart got it from Zero Hedge.
So now I have to ask if it’s a genuine Goldman document, or just something that the folks at Zero Hedge slapped together for their own amusement.
Which would be just fine, I hasten to add. Because you can’t slander Goldman enough, in my view.
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