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BBC Speechless As Trader Tells Truth: "The Collapse Is Coming. And Goldman Rules The World

This may have been posted previously but i wanted to let everyone get a chance to see this before it disappeared

BBC Speechless As Trader Tells Truth: "The Collapse Is Coming...And Goldman Rules The World

http://www.blacklistednews.com/BBC_Speechless_As_Trader_Tell...



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oops

double post.

Trying to work out what the big deal is

Isn't it common knowledge that all financial crises are simply a transfer of wealth? Obviously one group benefits from another's misfortune. Been that way forever, right? Is it so surprising to see someone who speaks of being on the receiving end? To hear "Goldman Sachs calls all the shots" is standard water cooler fare at most DP office chats when the subject of trading is brought up. Diversify your portfolio to lean on precious metals, bail on FRNs - standard financial advice. What revelation am I missing here? This wasn't a Nancy Grace nip slip for Pete's sake.

Alessio Rastani: Is BBC Market Trader Really Yes Men Founder?

"If it’s too good to be true then it very often is.

A city trader who set jaws dropping on Monday after apparently confessing that he goes “to bed every night and dreams of another recession” has been branded a hoax.

Self-styled trader Alessio Rastani, 34, made world headlines after his bizarre appearance on the BBC."

http://www.huffingtonpost.co.uk/2011/09/27/alessio-rastani-h...

Either he was REALLY nervous

Either he was REALLY nervous or he is a terrible speaker. He sounded like the most amateur trader I've ever heard.

Where did they get this guy...stocktwits???

not nervous

but you could tell that English is not his first language.

Thanks for posting

That was great.

This guy is in big trouble now, for warning the little guys.

The elite use the media to get little guys to buy houses, stocks, bonds and to generally trust them with their money - and then rip them off again and again.

Great to see a guy who is willing to tell about the scam and to see the BBC propaganda media speechless.

Traders like this one piss me off. They speak too generally.

"the biggest mistake is to not 'act'"

And DO WHAT?

The only half specific thing he mentions is the nebulous "protect your assets."

Who are these clowns talking to? Other traders? Someone with a stock or bond portfolio?

No one bothers to say what this means to the average little guy who doesn't buy anyone's paper promises.

How does one "protect their assets" and what does he mean by "assets?"

When he says people must "act" what does that mean? What specifically are people supposed to do?

These kinds of pronouncements sound like warnings to people already in the know on some inside circle. They never sound like advice meant for the average Joe.

He said "learn."

He said you've got to learn how to make money in a down economy. You have to roll up your sleeves and do a little work to find out what to do. It could start with a Google search.

New Hampshire and Ecuador.

I got that part. I wasn't talking about that.

I'm talking about the generality of it all.

None of these guys give any specific examples.

It's like looking for a needle in a stack of needles.

It makes me wonder why I should even look for a needle instead of just going buy another one.

Vague references and euphemisms help no one unless you're speaking a secret language only someone else understands. It's almost as if he was rubbing it in that he didn't want to "let the cat out of the bag" completely.

That, or he really doesn't know, and getting any more specific exposes him to being wrong.

Yes, one can make money in a down economy. Want and need never cease. The trick is learning how buying decisions change and finding ways to end up offering the comparative advantage so consumers will chose you over someone else.

But none of that speaks to people who do not own businesses or who don't have enough disposable cash (after bills and food) to "play" with by "investing" in this or that trade as an experiment.

In short, every time I hear this stuff, the way they speak tells me they are only talking to people making 100k or more per year AND who aren't already in huge debt or spending more than they earn. I've never seen any advice given to people who are stuck living paycheck to paycheck (not because they are wasteful but because they don't get paid much) and trying to avoid going under completely in a collapse.

The only advice I've ever seen that made any sense, came not from financial types, but from survivalists. The idea there is to acclimate yourself to a lower standard of living now, and get used to living in the 18th century, so that when the few creature comforts you have left are gone, it won't be a big loss, you won't freak out, and you will be able to survive, while others starve or resort to a life of crime to eat.

While some may not like it or be inclined to follow it, at least that advice is PRACTICAL and SPECIFIC. (do "this" to grow and store food, etc.)

The way this guy talks, if you don't already know, you aren't going to find out.

His message doesn't seem geared to people who don't know what to do in this case. His message seems geared to those who already know, and it is a warning that "now is the time."

He was just trying to warn

He was just trying to warn you. If you take his advice then you haven't learned anything. We all have to do our own homework.

I've been doing homework for a long time.

I never stopped "doing homework" when I graduated high school many years ago. I never stop researching and learning.

My point was his warning doesn't seem addressed to the average Joe. Such warnings NEVER look like they are.

For once, I'd like one of these traders to talk to the People and not his buddies. It's like these folks live in some sort of bubble and aren't aware there is another world out there.

Is this information even relevant to someone who doesn't have a stock portfolio? If that's the case, then I understand now why his "warnings" seems so vacuous. They are intended for only a very specific and small audience.

What I want to know is when things look bad for this particular audience, what does that mean IN PRACTICAL SPECIFIC terms for everyone else?

As I mentioned, if one is looking for advice on how to survive a currency collapse, one can do that. But only in the context of basic subsistence issues like food, water, shelter, clothing, etc. NOWHERE do I ever see anything else beyond that. At least, it doesn't seem that such people like to talk about it much. Why can't we get specifics like the survivalists dish out from the financial hacks?

And did you mean to say "if I DON'T take his advice?" As stated, your comment seems a bit backwards.

I just meant that as long as

I just meant that as long as we take advice from others we are still basically slaves as we still look to authority to know what is right and wrong, good and bad, beneficial or not etc. etc.

He is sticking his neck out to warn the public about something that is not meant to be said on the propaganda news. To me that is heroic. What it means specifically for us is up to us to find out for ourselves. Why should somebody like him with a six figure income or more say things even more clearly than he did and risk losing his position? I guess I don't understand your criticism.

I'm doing 'God's work'. Meet Mr Goldman Sachs

Don't forget this pearl.

The Brits get the real truth from the power elite.

http://www.timesonline.co.uk/tol/news/world/us_and_americas/...

Dr. Mike Vasovski
South Carolina Campaign Chairman, Ron Paul 2012
The SINGLE vote in the SC delegation for RP, GOP Convention, Tampa, FL
2010 Candidate, US Congress SC-03
Past Chairman, Aiken, SC County Tea Party

thanks

This is very good.

"I send you out as sheep in the midst of wolves, be wise as a serpent and harmless as a dove."

Was it really necessary to distill 3:30 down to :60?

really?