Trader on the BBC says Eurozone Market will crash

[chad]

http://www.youtube.com/watch?v=B3ddIJajQ0w

[Glass]

Well I don't think there is much more to add to that. He kind of put a full stop/period on discussions about any market recovery there didn't he. I chuckled about the treasuries safe haven comment. Golds getting a thrashing in the news down here today because it's collapsed as a safe haven and is losing people money and that US Treasuries are and always will be the ULTIMATE safe haven.

I hope he is still working where ever and didn't get a pink slip for that. Personally I would hire that guy to drive my portfolio..... If I had one.

[iOWNme]

"Governments do not rule the world. The world is ruled by Goldmen-Sachs." - He pretty much nailed that one.

[midnight rambler]

Interviewer: What can be done to make people more comfortable coming back into the casino?

further on...

Interviewee: Govts don't rule the world, Goldman Sux rules the world.

Nice.

[Awoke]

tag

[StreetsOfGold]

Treasurys and bonds (Substitute) Gold and silver and he's right on

[gunny highway]

has this guy been suicided yet? a double tap to the back of the head while his hands are tied behind his back? wouldn't surprise me... just saying...

[BillBoard]

He does not give a shit. None of them do anymore, we are all dead men walking and don't know it yet. Lead is cheaper than Gold and soon many people will find out how stupid it was not to go long lead.

[k-os]

If we had a Dead Pool/Death Pool, he would have just shot up to the top of my watch list.

[Canadian-guerilla]

here's the guys Facebook page

http://www.facebook.com/alessiorastani

[Brujo]

Smart money going to the safe havens of the USD and Treasuries?

Say what?

[Horn]

"Governments don't rule the world, Goldman Sachs does"

[Horn]

Smart money going to the safe havens of the USD and Treasuries?

Say what?

Who's gonna bet against the U.S. military?

[Serpo]

http://www.youtube.com/watch?v=aC19fEqR5bA

[Glass]

http://gold-silver.us/forum/showthread.php?54505-check-out-this-trade-being-brutally-honest.-you-never-see-this-on-tv.

[mamboni]

Maybe some of us here, myself included, are guilty of reacting to this 'trader' in the negative way we have complained others have reacted to us when we've warned them about the coming implosion of the system and importance of getting prepared. That said, he is cock sure of what he says and makes some specific points:

1. The US dollar is king (implied)
2. Goldman Sachs cares not what governments do - it rules the world (shades of Rothschild's infamous quote regarding who controls the money system controls the nation?)
3. If you were positioned well during the Great Depression of the 1930s you made money
4. Shorting the market (no surprise here).
5. "millions will lose their life savings."

Some things worth noting:
a. for better or worse the US dollar is king of currencies. He is predicting that the EURO is toast and by inference, foreign currencies are toast too.'
b. During the Great Depression the best investments were US cash/treasuries and Gold Mining Stocks - the latter paid spectacularly
c. When he says "millions will lose their savings" in addition to holders of the EURO he is likely including anyone whose dollars are held by banks (domestic or foreign) with heavy exposure to the European Union meltdown.
d. Goldman Sachs owns the FED; and as the US government is heavily indebted and cash flow constrained it is now at the mercy of the bankers, specifically the FED and thus Goldman Sachs. Understand that GS can order the FED to provide whatever liquidity it needs to protect it from derivative losses and the like.

So, if we synthesize all of this into a rational approach to portfolio design, the ideal portfolio is roughly:
1. US dollars & Treasuries - 50%
2. Gold bullion - 40%
3. Gold mining stocks - 10%

This is a defensive portfolio designed to preserve wealth and avoid a wipe out.

I would love to get some opinions of this interview from the seasoned traders amongst us like Magnes and the like.

[Awoke]

This guy is brutally honest, and it's good IMO, but like others have mentioned, he will probably get suicided or plane crashed. I don't like how he says to invest in T-obds, but I don't know shit about investing, so whatever. All I know is I am from the Economic Academy of Ponce which teaches: Hold Physical.

[Shami-Amourae]

He says to have cash, but also says most peoples' saving will be wiped out. Does that mean hold a lot of cash, but don't keep it in the bank?

[Twisted Titan]

I wonder after the wipeout ....they are going to put this guy back on?


be a serious money maker for the stations

[Sparky]

I have to be critical of this interview. I think the only thing he said that was brutally honest is that GS runs the world.

He gave viewers very little clue about how to protect themselves, or how to make money from the crash. He mentioned U.S. treasuries. Are people supposed to buy treasuries now, at historic highs, and Fed action completely telegraphed for the next 2 years? He didn't say to short the market. He didn't say anything about commodities or metals. He didn't say make sure you have your own food and water. As Shami asked, did he mean cash in your bank account, or cash outside the banks? He made no distinction between a Euro crash and the U.S. markets. Is he saying invest in the U.S. Dollar?

People got rich during the depression by either shorting the market, or having lots of cash to buy the market at the bottom at pennies on the dollar.

[Spectrism]

No. I heard him say to be short the market. Knowing where to be when the market crashes is important. Since the dollar will be devalued, you need to multiply the number of dollars you have.... and convert them into protected assets. A large percentage of the portfolio should be in short positions. But... the market is so manipulated, you need to be nimble and play the moves. The problem with this is that they happen in minutes.

[mamboni]

Part of me believes this guy was put up to this, to herd the unwashed masses into Treasuries before GS bursts the bubble. Part of me suspects that no one gets on the TeeVee on a major network without being screened, rescreened and scripted.

[Bigjon]

If I was short the market what would I do when given the chance to talk to the world?

The guy is selling his book.

[Sparky]

No. I heard him say to be short the market. Knowing where to be when the market crashes is important. Since the dollar will be devalued, you need to multiply the number of dollars you have.... and convert them into protected assets. A large percentage of the portfolio should be in short positions. But... the market is so manipulated, you need to be nimble and play the moves. The problem with this is that they happen in minutes.

I listened to it again. Nowhere does he say to short the market. He doesn't even really imply it. He says: 1) adopt a hedging strategy (which is incredibly vague), and 2) invest in Treasuries. His only implication is dollar strength, not weakness. You don't buy treasuries if you think the dollar is going to be devalued or weak. And like most journalist-whores, they don't even really pin him down on what he's recommending.

And he acted like he was sitting on a snake. He had that "Tim Geithner" look, like the Carl Bruner sleaze character from the movie Ghost. He may well be short the market up to his ass, but I didn't here him telling anyone else to get short. It was almost like he was being very careful to NOT say it.

[mamboni]

I listened to it again. Nowhere does he say to short the market. He doesn't even really imply it. He says: 1) adopt a hedging strategy (which is incredibly vague), and 2) invest in Treasuries. His only implication is dollar strength, not weakness. You don't buy treasuries if you think the dollar is going to be devalued or weak. And like most journalist-whores, they don't even really pin him down on what he's recommending.

And he acted like he was sitting on a snake. He had that "Tim Geithner" look, like the Carl Bruner sleaze character from the movie Ghost. He may well be short the market up to his ass, but I didn't here him telling anyone else to get short. It was almost like he was being very careful to NOT say it.

C'mon Sparky, how can you be so sure? Have you ever sat on a snake? Hm, have you?>:D

[Sparky]

C'mon Sparky, how can you be so sure? Have you ever sat on a snake? Hm, have you?>:D

I didn't say that no pleasure would be derived from it. ;)

[mamboni]

I didn't say that no pleasure would be derived from it. ;)

Touche mon frere!!!

[learn2swim]

Talking down towards Goldman Sachs isn't something new in Europe, so that's no big shock. The guy sounds a bit scripted to me. I do remember Lindsey Williams saying when the Euro goes down, you got 1-2 weeks to get out of the US dollar. He said the Euro would be first followed by the dollar.

[Sparky]

Talking down towards Goldman Sachs isn't something new in Europe, so that's no big shock. The guy sounds a bit scripted to me. I do remember Lindsey Williams saying when the Euro goes down, you got 1-2 weeks to get out of the US dollar. He said the Euro would be first followed by the dollar.

First off, is he saying everyone should trade in their dollars for gold? Was he talking about currency traders, or Average Joe? I don't think the average person has any idea what it means to get out of the US dollar. Even a lot of gold newcomers don't even know that they are getting out of the dollar when the buy gold. They think their action is the equivalent of buying tech stocks in the 1990's, and they want a piece of the action.

Second, I respectfully disagree with the premise. The dollar's weakness is that it is fiat. It's strength is that it is the best fiat available. Sad, but true. If the Euro goes down, the US Dollar becomes undisputed champion for quite some time. It's ultimate demise will take a long time via its inevitable loss of purchasing power, and would require a replacement currency. We hold gold and silver to protect against this slow erosion, and the possibility of any violent currency dislocations along the way.

Really, what will replace our fiat system? I mean, in the long run. Even if there is a failure along the way, it will only lead to the development of a new fiat system, right? We hold gold and silver as the trump cards during that transition. But there will be no New Dollar until the old Dollar is no longer beating the snot out of all the other currencies, all the while losing its purchasing power. It's like a paradox.

[learn2swim]

First off, is he saying everyone should trade in their dollars for gold? Was he talking about currency traders, or Average Joe? I don't think the average person has any idea what it means to get out of the US dollar. Even a lot of gold newcomers don't even know that they are getting out of the dollar when the buy gold. They think their action is the equivalent of buying tech stocks in the 1990's, and they want a piece of the action.

Second, I respectfully disagree with the premise. The dollar's weakness is that it is fiat. It's strength is that it is the best fiat available. Sad, but true. If the Euro goes down, the US Dollar becomes undisputed champion for quite some time. It's ultimate demise will take a long time via its inevitable loss of purchasing power, and would require a replacement currency. We hold gold and silver to protect against this slow erosion, and the possibility of any violent currency dislocations along the way.

Really, what will replace our fiat system? I mean, in the long run. Even if there is a failure along the way, it will only lead to the development of a new fiat system, right? We hold gold and silver as the trump cards during that transition. But there will be no New Dollar until the old Dollar is no longer beating the snot out of all the other currencies, all the while losing its purchasing power. It's like a paradox.

I see a couple of problems. The dollar has been used to bail those European banks out (1/3 of the bailouts passed by Congress ended up in European banks), it's not helping. This is well publicized by US and European media, when have they really helped the sheeple in the past? Warning all of Europe of it's currency demise, and then telling them the safe haven is over here, sounds like a set up to me.

[Neuro]

Touche mon frere!!!

How gay to speak in French!

[Horn]

1. The US dollar is king (implied)......I would love to get some opinions of this interview from the seasoned traitors amongst us...

10 cHaRaCtErS

[osoab]

BBC Releases Official Statement On Alessio "The Trader" Rastani: He Is Perfectly Legit And The Interview Was Not A Hoax (http://www.zerohedge.com/news/bbc-releases-official-statement-alessio-trader-rastani-he-perfectly-legit-and-interview-was-not)



Zero Hedge's post yesterday (http://www.zerohedge.com/news/bbc-speechless-trader-tells-truth-collapse-comingand-goldman-rules-world) of a trader telling the BBC how he (and everyone else) really feels about the current cataclysmic situation, went viral, and as of this writing, was about to generate 100,000 hits (legit ones: no slideshows were massacred in the creation of a some CPM abortion). Needless to say, the trader in question, Alessio Rastani, very suddenly and violently entered the public's eye, the most amusing side effect of which was the emergence a fringe group claiming that just because he looks like some other guy, that he is a spoof, and this was immediately used by the conventional media (http://www.zerohedge.com/news/bbc-speechless-trader-tells-truth-collapse-comingand-goldman-rules-world) to attempt to discredit him. And as usually happens, this has backfired. The BBC has just released a statement confirming that Rastani is, indeed, a trader, and that all those (Forbes) who have nothing better to do than to attack the messenger and not the message, may be better advised to taking a Math 101 class and realizing why we are all scroomed, instead of polishing their character assassination skills. To everyone else who attempted to marginalize Rastani, "suck it" is not exactly what we would like to say, but it sure does the job. And to that we would like to add that just because Larry Summers is a spitting image of Jabba the Hut, that does not make him an automatic member of the "Tattoine Men" comedy troupe.

[Awoke]

10 cHaRaCtErS

3 ch

[Horn]

Excellent episode, Traitors to the general populace, asymmetric warfare.

Its only a war if someone shoots back...




infamous BBC guest, now viral Youtube sensation and famous tweeter, Alessio Rastani, said that was so upsetting to the powers that be. In the second half of the show Max talks to Nomi Prins, author of Black Tuesday, about all the manic meetings happening around the world to save the global financial system facade when it is the system itself rotting from within that is the problem. Nomi Prins also compares the current financial crisis to the first Great Depression.http://rt.com/programs/keiser-report/central-bank-finance-crisis/

[Glass]

He has given another interview with CNN

http://edition.cnn.com/video/#/video/business/2011/09/28/seg-boulden-amateur-trader.cnn

Sourced from Zerohedge (http://www.zerohedge.com/news/alessio-rastani-makes-us-prime-time-tv-circuit)

[Awoke]

Yes men?

[PatColo]

Step Aside BBC "Trader": Head Of UniCredit Securities Predicts Imminent End Of The Eurozone And A Global Financial Apocalypse (http://www.zerohedge.com/news/step-aside-bbc-trader-head-unicredit-securities-predicts-imminent-end-eurozone-and-global-finan)


..."the euro is “practically dead” and Europe faces a financial earthquake from a Greek default"... “The euro is beyond rescue”... “The only remaining question is how many days the hopeless rearguard action of European governments and the European Central Bank can keep up Greece’s spirits.”...."A Greek default will trigger an immediate “magnitude 10” earthquake across Europe."..."Holders of Greek government bonds will have to write off their entire investment, the southern European nation will stop paying salaries and pensions and automated teller machines in the country will empty “within minutes.”

Road Map to Orderly Default Keeping Greece in Euro (http://www.bloomberg.com/news/2011-09-28/road-map-to-prepackaged-orderly-default-that-keeps-greece-in-euro-view.html)

We've gone beyond worrying about death to focusing on minimizing the mess. - Jenna Orkin


Couple that announcement with this: US a Bigger Mess Than Europe: Investor Jim Rogers (http://www.cnbc.com/id/44681050) - Jenna Orkin
"It's just going to make the eventual collapse even worse, because they're not dealing with the problems," he said. "The solution for too much debt is not more debt - although that's what they seem to think it is."

[Shami-Amourae]

Apparently Alessio Rastani has a YouTube like EndlessMountain:

http://www.youtube.com/watch?v=cQhW_K0CUJo

http://www.youtube.com/watch?v=nG4WtnuhX5c

His predictions on Gold/Silver in the first money happened almost exactly as he predicted. Pretty smart guy.

[Steal]

Late night vid Rastani did with Brendon O'conner

http://www.youtube.com/watch?v=Hyw7LqJXkSI

[agnut]

Gas For $1.75 A Gallon and Depression Level Unemployment: The USA After A Euro Collapse
By Daniel Amerman, CFA

http://www.safehaven.com/article/22789/gas-for-175-a-gallon-and-depression-level-unemployment-the-usa-after-a-euro-collapse

Second half of article :

http://danielamerman.com/articles/2011/BrokenB.html

Best wishes,

agnut

[osoab]

Late night vid Rastani did with Brendon O'conner

http://www.youtube.com/watch?v=Hyw7LqJXkSI


Seemed like a wishy washy political interview. There really wasn't much there overall.

He seemed off on his Goldman take imho, at least the blatant stuff the sheep might be able to figure out. Paulson didn't dole out a lot to Goldman explicitly especially when compared to Citi.

"Irish are good people. They will pull out of this recession." What the hell kind of comment is that? Trying to get off the stage alive?

"Buy gold in the rising trend. 2000 on the way to 4000, no timeline."

[Horn]

Gas For $1.75 A Gallon and Depression Level Unemployment: The USA After A Euro Collapse
By Daniel Amerman, CFA

http://www.safehaven.com/article/22789/gas-for-175-a-gallon-and-depression-level-unemployment-the-usa-after-a-euro-collapse

Second half of article :

http://danielamerman.com/articles/2011/BrokenB.html

Best wishes,

agnut

Gas For $1.75 A Gallon and Depression Level Unemployment: The USA After A Euro Collapse



Who's going to break the cartel?