The next big bang on Wall Street.

MINI-LECTURE – PAUL RUX, PH.D.

Last night a radio broadcast discussed the proposed $50 billion purchase of Facebook by Goldman Sachs, the Wall Street powerhouse. Why would Goldman Sachs want to own Facebook? According to the broadcast, it intends to use Facebook to create its own electronic money! John Naisbitt, a world-class trend forecaster, predicted this use of the Internet in his last book Revolutionary Wealth (2007).

According to the radio panel, Goldman Sachs will create a new “credit bubble” by issuing its own credit outside the standard banking world, which is now out of credit because of its dependence on the dollar. Goldman Sachs will no longer be hostage to the value of the dollar, which will soon have the value of Kleenex tissue, to create credit. Facebook is a superb marketing, sales channel to millions. Here we go!