The Survival Podcast Forum

Finance and Economics => The Money Board => Economic News, the Global Economy and all Things Monetary => Topic started by: Carnwaj on September 26, 2011, 10:19:05 AM

Title: "The governments don't rule the world, Goldman Sachs rules the world."
Post by: Carnwaj on September 26, 2011, 10:19:05 AM
http://youtu.be/aC19fEqR5bA
 (http://youtu.be/aC19fEqR5bA)

From the BBC today! Holy wotsit!

Title: 'Anyone can make money from a crash', says market trader
Post by: Johnnyboy41 on September 27, 2011, 07:53:00 AM
http://www.bbc.co.uk/news/business-15059135

Help Ministers from the world's richest nations are reportedly on the way to agreeing a deal for troubled eurozone countries.

Following the IMF meeting in Washington, the BBC understands that three elements have been discussed.

They include a so-called "haircut" of Greece's sovereign debt, meaning institutions holding Greek debt would have to write off half of what they were owed.

The plan also envisages an increase in the size of the European Union bailout fund to two trillion euros.

European governments hope to have the plan in place in five to six weeks.

But one independent market trader - Alessio Rastani - told the BBC the plan "won't work" and that people should be trying to make money from a market crash.
Title: "The governments don't rule the world, Goldman Sachs rules the world."
Post by: Don in Cleveland on September 27, 2011, 08:53:32 AM
http://www.huffingtonpost.com/2011/09/26/trader-to-bbc-goldman-sachs-goldman-sachs-rules-the-world_n_981658.html?ref=tw

Goldman Sachs rules the world and the Euro zone is poised to crash, according to trader Alessio Rastani.

"This is not a time right now for wishful thinking that governments are going to sort things out," Rastani said on an interview with BBC on Monday morning. "The governments don't rule the world, Goldman Sachs rules the world."

The statement came towards the end of an almost three and a half minute interview in which Rastani warned viewers to "get prepared" for the inevitable: "The savings of millions of people are going to vanish" in less than a year, he said.

"This economic crisis is like a cancer, if you just wait and wait thinking this will go away, just like a cancer it's going to grow and it's going to be too late," he continued.'

(more in link)

Thoughts? 

Title: Re: "The governments don't rule the world, Goldman Sachs rules the world."
Post by: Veritas on September 28, 2011, 09:22:28 AM
This is a video of a trader being interviewed who speaks frankly about what he believes is about to happen to the economy. Seems to scare the interviewer.

http://www.blacklistednews.com/BBC_Speechless_As_Trader_Tells_Truth%3A_%22The_Collapse_Is_Coming...And_Goldman_Rules_The_World%22/15876/0/0/0/Y/M.html
Title: Re: "The governments don't rule the world, Goldman Sachs rules the world."
Post by: Mr. Bill on September 29, 2011, 12:20:50 PM
BBC financial expert Alessio Rastani: 'I'm an attention seeker not a trader' (http://www.telegraph.co.uk/finance/economics/8792829/BBC-financial-expert-Alessio-Rastani-Im-an-attention-seeker-not-a-trader.html)

Quote
...on Tuesday night the BBC was left facing questions about just how qualified Mr Rastani is to speak about the markets.

In the interview Mr Rastani described himself as an independent trader. Elsewhere he claims he's an "investment speaker". Instead of operating from a plush office in Canary Wharf Mr Rastani works and lives with his partner Anita Eader in a £200,000 semi in Bexleyheath, south London. The house, complete with a mortgage from Royal Bank of Scotland, belongs to her not him.

He is a business owner, a 99pc shareholder in public speaking venture Santoro Projects. Its most recent accounts show cash in the bank of £985. After four years trading net assets are £10,048 - in the red.

How a man who has never been authorised by the Financial Services Authority and has no discernible history working for a City institution ended up being interviewed by the BBC remains a mystery. ...

Good job, BBC.  I, too, am available for an interview if you wish. 8)
Title: Re: "The governments don't rule the world, Goldman Sachs rules the world."
Post by: endurance on October 01, 2011, 09:27:03 AM
BBC financial expert Alessio Rastani: 'I'm an attention seeker not a trader' (http://www.telegraph.co.uk/finance/economics/8792829/BBC-financial-expert-Alessio-Rastani-Im-an-attention-seeker-not-a-trader.html)

Good job, BBC.  I, too, am available for an interview if you wish. 8)
+1 Bill.

The reason this went viral is because people want confirmation, one way or the other, that the bail out of Greece will work and the markets will return to normal.  The fact is, nobody knows and this guy of all people doesn't know.  Thanks for setting the record straight on at least that piece.

While I believe that Greece is unsalvageable and when it defaults, banks around the world will suffer, which will in turn lead to more government bail outs and more individuals suffering, I'm no expert and willfully admit that.