Multi-Billionaire Hugo Salinas Price – I’ve Seen Many Terrible Financial Collapses In My 86 Years But What Is Coming Will Be Very Nasty
Tuesday, September 11, 2018 at 10:37PM
Gold Prices

Hugo Salinas Price

As trading continues during Fed week, today Multi-billionaire Hugo Salinas Price warned he’s seen many terrible financial collapses in his 86 years but what is coming will be very nasty.

After 86 Years On This Earth, This Is What I Learned


September 11 (King World News) – Multi-billionaire Hugo Salinas Price:  I have had an interesting life, in the course of my retirement from business; my retirement happened somewhat by chance, in the year 1988; one Friday evening I presided a meeting of a group directors of Elektra, a Mexican company the property of my father and myself. We had had some 500 of these meetings in past years; they took place every two weeks. My son Richard was present, having been with the company since 1980. (He had arrived in 1980 from Dallas, Texas, looking for a post at Elektra, after being fired from his job  – he had called his supervisor a fool, if not something worse. He was probably right in his judgment of his superior officer’s decisions, but of course saying what you think is not the best way to get along in business).

Well, having risen to leave from the meeting I mention, suddenly an impulse came upon me and I announced: “This is the last meeting that I shall preside. My son Richard will take over from here. Cancel all my Powers of Attorney and my signatures in bank accounts”. Thus, I fired myself.  Richard really deserved to run the family company, since he is far more able in business, than myself…

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