Economic Crisis Blamed on "White People with Blue Eyes" by Lula da Silva

Michael Santo's picture

Speaking in Brasília at a joint press conference with U.K. prime minister Gordon Brown, Brazil's president Luiz Inacio Lula da Silva blamed the global economic crisis on white people.

Specifically, he blamed the crisis on "white people with blue eyes." In reality, he was probably wanted to point the blame of this crisis on wealthy Americans and Europeans (probably more toward Americans). Lula da Silva said:

“This crisis was caused by the irrational behaviour of white people with blue eyes, who before the crisis appeared to know everything and now demonstrate that they know nothing. I do not know any black or indigenous bankers so I can only say [it is wrong] that this part of mankind which is victimized more than any other should pay for the crisis."

I'm sure Gordon Brown blanched at that comment. His response:

“I’m not going to attribute blame to any individuals."

Lula da Silva also spoke against protectionism as a response to the global economic crisis.

“I compare protectionism to a drug. Why do people use drugs? Because they are in crisis and they think the drug will help them. But its effects pass quickly.”

What is sad that the executives get rich off crisis that they helped to create.

See how this financial crisis was created and possible concequences.