This One Has Gone Viral

Steve williams

Site Founder, Site Owner, Administrator
This is a must watch.

We should try to limit comments as to whether this guy is for real or the BBC was duped rather than whether he is right or wrong.

From Yahoo......


Governments don't rule the world, Goldman Sachs rules the world."
That's what a purported London-based independent trader named Alessio Rastani told the BBC on Monday in a jaw-dropping interview that quickly went viral.
But just as quickly, rumors swirled that Rastani was actually a member of the Yes Men, a loose-knit group of merry pranksters and imposters that attempt to manipulate the media with the goal of exposing the dubious conduct of big corporations.
The Yes Men publicly denied that Rastani is a member. And the BBC said in a statement that it doesn't think he is, either: "We've carried out detailed investigations and can't find any evidence to suggest that the interview with Alessio Rastani was a hoax. He is an independent market trader and one of a range of voices we've had on air to talk about the recession."
"We've never heard of Rastani," the group said in a statement of its own. "He isn't a Yes Man. He's a real trader who is, for one reason or another, being more honest than usual."
Rastani has an active Twitter feed, Facebook account and blog--all consistently updated. And Rastani gave an extensive interview to Forbes insisting he is who he says he is--an independent trader who works from his South London home.
Felix Salmon of Reuters has another theory: that Rastani, who bears a striking resemblance to a member of the Yes Men, is both a trader and member of the troupe.
"Independent traders are, well, independent," Salmon noted. "You don't need to spend very much time hanging around the comments section at Zero Hedge to discern a strong nihilistic and even anti-capitalist strain to much of the thinking in that community. Independent traders are often men in their 20s and 30s who inherited a substantial sum of money and who for whatever reason don't have a more attractive opportunity in the regular workforce. They work from home, they tend to have a strong contrarian streak, and they have a lot of time on their hands.
"All of which is entirely consistent with the profile of the kind of people who might join or become the Yes Men," Salmon added.

 
Nothing new here for those that have followed the "managed economy" for years. The end result will be a new monetary system. How much longer can the Govs of the world continue their charade? Until people say "enough" of the fraud and corruption.

Franz Pick always pointed out that a floating rate monetary system was doomed to fail,he was right, just 40 years too early and still counting.
 
Well, regardless of whether or not this was a hoax on the part of the trader in question, shame on the BBC for putting this hack on the air. He is an "independent trader", IOW just some Joe Blow off the street who happens to have some money to invest. A lot of people who have no business being on television fit that description, including myself.

The most telling aspect of his rant is that he provides no supporting evidence of any kind for any of his assertions. It's fine to say you think the market is getting ready for a repeat of the 2008 crash, but to be taken seriously, it's necessary to present some data to support your argument. He does no such thing.

I've noticed a lot of conspiracy theorist types picking up on this. For example, a guy posting on this site says "While we do not know who this trader is, one thing we can be 100% certain of is that he will never appear on CNBC." Well, I just went to the MSNBC financial web site (MSN Money) and there is a story about this very event. So much for that conspiracy theory.

Don't get me wrong, I don't think things are all roses - far from it. Things are a mess right now. But if you have some prediction of how things are going to go in the markets, be prepared to support it with evidence, preferably trying to fit the view in with the economy and political climate as a whole. The BBC screwed up big time for not vetting this guy.
 
Read the associated blog, it is hilarious, one citing an article on how the majority of independent traders display sociopathic tendencies. I guess this was his fifteen minutes of fame to attempt to manipulate the market in his favor with his own conspiracy theories, purely apocryphal.
 
The UK newspaper The Telegraph did an article on him yesterday, they think he is a fraud.
http://www.telegraph.co.uk/finance/...tani-Im-an-attention-seeker-not-a-trader.html

BBC these days is a bit of a joke with its left wing and political correctness bias, even respected BBC news anchor-journalists have been outspoken about the way it has gone.
Says something when Sky News is more balanced :)
Still, this is another embarrassment on the BBC.

Cheers
Orb
 
Step Aside BBC "Trader": Head Of UniCredit Securities Predicts Imminent End Of The Eurozone And A Global Financial Apocalypse


"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.” In other words: welcome to the Apocalypse...

http://www.zerohedge.com/news/step-...edicts-imminent-end-eurozone-and-global-finan
 
They'll wake up to find the money is gone but everything else is physically still there. Now how exactly does that work out?
 
This is the stone cold reality and it is being mirrored across the U.S. and Europe. The "FED",ECB,and Govs are in panic mode. How long can this continue? 5 dollars for a gallon of milk,maybe $10 and 10 percent unemployment(gov lies). All to protect the stakeholders for their fraudulent schemes.

fredgraph1.png
 
Here is a realist take on what our attention seeking trader is saying in a nutshell. If you do the mathematics it figures out to be a 1 for 3,one new dollar,pound,euro for three old currency. That's what the price of gold has been projecting. May we live in interesting times......

"The facts which state that between household, corporate and government debt, the developed world has $20 trillion in debt over and above the sustainable threshold by the definition of "stable" debt to GDP of 180%. The facts according to which all attempts to eliminate the excess debt have failed, and for now even the Fed's relentless pursuit of inflating our way out this insurmountable debt load have been for nothing. The facts which state that the only way to resolve the massive debt load is through a global coordinated debt restructuring (which would, among other things, push all global banks into bankruptcy) which, when all is said and done, will have to be funded by the world's financial asset holders: the middle-and upper-class, which, if BCS is right, have a ~30% one-time tax on all their assets to look forward to as the great mean reversion finally arrives and the world is set back on a viable path."

http://www.zerohedge.com/news/muddl...ays-there-may-be-only-painful-ways-out-crisis
 

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