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BBC Releases Official Statement On Alessio "The Trader" Rastani: He Is Perfectly Legit And The Interview Was Not A Hoax

Tyler Durden's picture





 

Zero Hedge's post yesterday 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 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.

Full BBC Statement:

Statement on BBC News channel interview with trader Alessio Rastani

 

Date: 27.09.2011

 

The BBC have today issued the following statement regarding an interview with trader Alessio Rastani on the BBC News channel yesterday (Monday 26 September):

 

"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."

 

BBC Press Office

And Statement from the Yes Men:

The Yes Men wish to commend Mr. "Alessio Rastani" for his masterful performance as "trader" on BBC World yesterday. Mr. Rastani's real name is Granwyth Hulatberi; he once appeared on CNBC MarketWrap as a "representative" of the WTO. Well done, Granwyth! You're getting better and better.

 

Just kidding. We've never heard of Rastani. Despite widespread speculation, he isn't a Yes Man. He's a real trader who is, for one reason or another, being more honest than usual. Who in big banking doesn't
bet against the interests of the poor and find themselves massively
recompensed—if not by the market, then by humongous taxpayer bailouts?
Rastani's approach has been completely mainstream for several years now;
we must thank him for putting a human face on it yesterday.

 

If you'd like to see the human face of the human perspective—the perspective of the 99% victimized by our demented and out-of-control financial system—come join the occupation of Wall Street. Michael Moore did so  last night,
and pointed out that in America, it's just 400 people who own as much
as most of the rest of us put together—and that when we decide we really
want to change the rules of the game, those 400 people won't be able to
do squat about it.

 


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Tue, 09/27/2011 - 14:00 | Link to Comment Fips_OnTheSpot
Fips_OnTheSpot's picture

Outstanding!

Tue, 09/27/2011 - 14:02 | Link to Comment BaBaBouy
BaBaBouy's picture

SACKS Runs Da World, Bitchez ...

Tue, 09/27/2011 - 14:04 | Link to Comment Troll Magnet
Troll Magnet's picture

Rogue! Rogue trader, bitchezzz!

Tue, 09/27/2011 - 14:04 | Link to Comment UGrev
UGrev's picture

he's a night elf mohawk!

Tue, 09/27/2011 - 14:07 | Link to Comment phyuckyiu
phyuckyiu's picture

The MSM can't even handly one trader speaking their mind without going on the attack. Desperate much?

Tue, 09/27/2011 - 14:11 | Link to Comment UGrev
UGrev's picture

There is no love, but love of big brother... this video will undergo editing at the ministry of truth..

Tue, 09/27/2011 - 14:14 | Link to Comment redpill
redpill's picture

I hope this guy doesn't like hot tubs...

Tue, 09/27/2011 - 14:18 | Link to Comment redpill
redpill's picture

Maybe we need "I AM ALESSIO RASTANI" t-shirts in the Zerohedge store. 

Tue, 09/27/2011 - 14:29 | Link to Comment Pinto Currency
Pinto Currency's picture

 

Telling everyone we have a collapse coming and with a death defying leap of logic saying everyone should be in bonds (backed by endless money printing) shows this guy's opinion is not legit.

 

And GS are merely front-men.

 

 

 

Tue, 09/27/2011 - 14:56 | Link to Comment Kitler
Kitler's picture

In admitting the system is about to collapse he gains credibility. Directing scared money into bonds at least keeps it out of commodities where it can send out a premature warning signal. He is doing great work in assisting the supression of inflation until the toiletbowl full of treasuries can be flushed.

Tue, 09/27/2011 - 15:15 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

Reminds me of the dog-walkers in my neighborhood.  Someone needs to hold the bags of shit. 

Tue, 09/27/2011 - 22:33 | Link to Comment Pinto Currency
Pinto Currency's picture

 

Dr. Head,

I hear what your are saying.

 

Nuff said.

Tue, 09/27/2011 - 14:46 | Link to Comment bugfixx
bugfixx's picture

His opinion is just as legit as yours is, even if you don't like it.  Maybe he'll get destroyed like most independent traders, or maybe he'll be the next Nassim Taleb.

Tue, 09/27/2011 - 15:49 | Link to Comment Zeilschip
Zeilschip's picture

Iranian dude who pretends to be an Italian, and he recommends buying Treasurys and USD while at the same time warning that people's savings will disappear. Yeah right, he's perfectly legit.

Tue, 09/27/2011 - 16:39 | Link to Comment King_of_simpletons
King_of_simpletons's picture

His accent is neither Italian nor Iranian. So may be there is a voice over conspiracy there too :-p

Tue, 09/27/2011 - 14:58 | Link to Comment Mercury
Mercury's picture

...who work for which group of even smarter and richer men?  The ones in Washington?  Please.

Tue, 09/27/2011 - 15:02 | Link to Comment Au Member
Au Member's picture

Quick sweepstake on how they will punish him for his impudent truthiness:

 

a. Blackfriars Bridge

b. coproxamol ingestion and coronary artery atherosclerosis

c. Hit and Run

d. Weaponized Cancer.

e. Spraying his face with gold paint (My favorite)

 

Tue, 09/27/2011 - 23:21 | Link to Comment supernova
supernova's picture

Pinto he was just saying that you could benefit from a momentum trade. Give the guy a break. He was nervous but at least had the balls to speak his mind.

Wed, 09/28/2011 - 09:45 | Link to Comment Pinto Currency
Pinto Currency's picture

-

It seems to me that if there is a collapse coming, you would want to provide some guidance to people.

How much lower does he think that interest rates are going to go?

The collapse will be in paper and that is the key issue.

The only deflation will be in price of everything measured in gold and silver.

Tue, 09/27/2011 - 16:10 | Link to Comment Thisson
Thisson's picture

I want a Hugh Hendry "I recommend you panic" T-shirt, too, please!

Tue, 09/27/2011 - 17:49 | Link to Comment Mauibrad
Mauibrad's picture

You must of seen his travel videos.  The guys seems to be quite a bit of a young Renaissance Man.  Excellent observations here in this video of Alessio Rastani's http://www.youtube.com/watch?v=dmFKPSBWpH4  BBC or some international media outlet ought to hire him as a social reporter.

Tue, 09/27/2011 - 14:17 | Link to Comment Pladizow
Pladizow's picture

I'd like to see CNBS's Steve Lies-man have his credentials questioned and validated.

Shit, throw in MSM's Bitch - Paul Krugman.

Tue, 09/27/2011 - 15:14 | Link to Comment GetZeeGold
GetZeeGold's picture

 

Throw in the Nobel prize committe.

 

Tue, 09/27/2011 - 15:26 | Link to Comment nope-1004
nope-1004's picture

Funny that someone speaking somewhat truthful warrants PR releases.  Yet, when a clown comes out of the woodwork (below) and publicly states a well known lie, no one says boo.

http://www.youtube.com/watch?feature=player_embedded&v=aWyrjwXoIqA

The dumb don't walk among us, they're on TV!!!

 

Tue, 09/27/2011 - 17:27 | Link to Comment Pinto Currency
Pinto Currency's picture

 

The "Nobel Prize in Economics" received by Krugman is actually the Nobel Memorial Prize in Economic Sciences given out not by the Nobel Prize Committee but by the Swedish Central Bank (Sveriges Riksbank).

http://en.wikipedia.org/wiki/Nobel_Memorial_Prize_in_Economic_Sciences

http://en.wikipedia.org/wiki/Sveriges_Riksbank

So, the Swedish Central Bank awards a "Nobel" prize in economics to a money printing advocate.

There.  You now have objective proof that printing more money solves problems.

 

Tue, 09/27/2011 - 20:17 | Link to Comment GetZeeGold
GetZeeGold's picture

 

Well......those guys suck.

 

Tue, 09/27/2011 - 20:53 | Link to Comment GetZeeGold
GetZeeGold's picture

 

Double post......scroll on by.

 

 

Tue, 09/27/2011 - 14:48 | Link to Comment ZeroPoint
ZeroPoint's picture

Just like Sarah Palin! She went rogue! USA! USA! USA!

Tue, 09/27/2011 - 14:06 | Link to Comment Fukushima Sam
Fukushima Sam's picture

And the Bernank has his bollocks in a Twist!

Tue, 09/27/2011 - 14:24 | Link to Comment Libertarians fo...
Libertarians for Prosperity's picture

 

 

The reason Rastani is dead wrong is because everyone - and I mean, EVERYONE! - is already expecting a crash.  From the smartest hedge funds to the dumbest bloggers, everyone is prepared for the armageddon trade.  Just look at treasury yields - everyone is all in. Look at gold.  The big guns like Paulson have already puked up big chunks of their weakest holdings, like Paulson's BAC and C positions.  Or look at how the hedge funds have performed for the year.... as the market has drifted mostly up for the year, hedge funds have barely been able to keep pace with the S&P. Why? Because they're all hedged for a huge downside collapse.  Everyone is on pins and needles.      

Market crashes don't occur when everyone is waiting for it.  Unlike the Lehman event, this Greek default has been so far telegraphed in advance, that when it finally does occur (November), it will be the biggest, anti-climatic dud of this entire crisis.  

The EuroZone certainly has some massive issues to work out, but it won't lead to the armageddon that everyone is drooling over. All the big money is already hedged and waiting.....  and that's why it'll be a dud.  

 

 

 

Tue, 09/27/2011 - 14:26 | Link to Comment john39
john39's picture

there is obviously a point to all the delay tactics and rumors floated...  they are conditioning the market to a controlled default in Greece.  and so far it looks like they might pull it off.

Tue, 09/27/2011 - 14:29 | Link to Comment pods
pods's picture

To my untrained eyes it seems that the only problem left to figure out is how to get 2+2=5.  When they solve that, we are fine.

Oh wait, then we have to figure out how to reconcile required exponential growth in the real world where you cannot print oil.

pods

Tue, 09/27/2011 - 14:43 | Link to Comment bbq on whitehou...
bbq on whitehouse lawn's picture

2+2 does = 5 if your number system starts at 1.

 

Tue, 09/27/2011 - 14:49 | Link to Comment Don Smith
Don Smith's picture

My number system goes to 11.

Tue, 09/27/2011 - 17:54 | Link to Comment Joseph Mother
Tue, 09/27/2011 - 14:56 | Link to Comment NotApplicable
NotApplicable's picture

Why wouldn't it equal six?

Tue, 09/27/2011 - 23:14 | Link to Comment prains
prains's picture

2+2 does = 5 if your number system starts at 1.

 

radiohead figured out this problem years ago

Tue, 09/27/2011 - 16:17 | Link to Comment fyrebird
fyrebird's picture

HAH! I have a patented process to produce oil from PLANTS!! yes simple PLANTS like in anyones garden.

All that is required is a large input of energy, which I get from conventional fuels. But the PLANTS GROW THEMSELVES!! It is simply amazing. and did I mention in is patent pending?

It's just like printing oil. I like your analogy. Yes printing oil WITH SIMPLE PLANTS!! Patents Pending on yo Nancy ass.

Tue, 09/27/2011 - 14:32 | Link to Comment clones2
clones2's picture

Market basically crashed 3 months ago... and has been whipsawing sideways the past 2 months.  Lots of dead space below the recent lows... and lots of resistance above.

You want to go long below the 50 dma... good luck to you.  Fundamentals are greeeeaaaat by the way... :-)

Tue, 09/27/2011 - 14:44 | Link to Comment Libertarians fo...
Libertarians for Prosperity's picture

 

 

The fundamentals suck, and I have no doubt that the western world will experience a long period of no growth.  But for a true market crash to occur, which is what Rastani is calling for, everyone needs to be on the wrong side of the boat - like what you saw with gold and silver this past week. 

That's not the case with the equity market.  Everyone is hedged and ready.  The weakest links in various portfolios have already been puked up over the summer.  Over the coming 12 months, the market and the economy are going to provide us with a bunch of - in the spirit of Sartre - nothingness. We'll get whipsawed around a bit, but, for the most part, we'll just drift around and end up nowhere.   

Tue, 09/27/2011 - 14:46 | Link to Comment bbq on whitehou...
bbq on whitehouse lawn's picture

All the 401ks and pensions are on the wrong side of the boat.  Government is on the wrong side of the boat. Nations, states all ponzi money is on the wrong side of the boat. The world is on the wrong side of the boat who cares if a few  hundred billion is on the right side of the trade if tens of trillions are on the wrong side.

Tue, 09/27/2011 - 16:44 | Link to Comment Libertarians fo...
Libertarians for Prosperity's picture

 

 

401K's and pensions represent dumb money, and dumb money never reacts until the crash has already occurred.  That money is always pulled near the bottom. 

The remainder of your comment is a non-specific mention of governments, nations and ponzi money. I know all the arguments. I've heard all the gloom and doom. I've got all the images of armageddon in my mind: the house of cards, the multi-trillions in pryramiding derivative debt, the hindenburg omens, etc. etc. etc.  The sky is falling!

So tell me, if the western world is about to implode in a spectacular ponzi fireball, tell me why the strongest, most reliable bull market in the history of Wall Street is that of treasuries. That's a 40+ year trend line you're fighting.  Demand for our debt is stronger than ever.  If the whole western ponzi game is about to end, tell me why we can finance our debt at record low rates.  Tell me why money continues to gravitate toward our Treasury like it's some sort of neutron star. And when you answer, keep in mind, the Fed is not bigger than the bond market.  If you need proof of that, take a look at rates last winter, shortly after QE2 began.  

This game can last longer than you can imagine. This country has endured far worse conditions than the one now. Hell, just 35 years ago, everyone thought the USD was toast, and people waited an entire day for gas. The reason everyone is in armageddon mode now is because this is the first crisis that this generation has been confronted with. We've had it easy for decades.  And now everyone thinks the world is ending.  Bullshit.   

Just wait until the Great Fed Jubilee, and the whole ponzi system is given a fresh breath of life. That would really piss you off, wouldn't it? They'll cut bullshit like Ron Paul's $8M in shrimp research before they allow social security to flame out. But I know that's not what you want to hear.  You want to be vindicated for hoarding your ammo, your hams, and your metal.  You want to prove to your friends and neighbors that your goofiness and paranoia is merited.  You want to put on your camouflage, and play your juvenile G.I. Joe games of urban warfare.  

Or maybe you're just a drama queen. Who knows?  Whatever your reason for wanting to believe the end is near, it'll be proven wrong.  Sorry, but the western world is not ending anytime soon.     

 

Tue, 09/27/2011 - 17:50 | Link to Comment mick
mick's picture

Well written, but you should change the hitler face for some tits.

Wed, 09/28/2011 - 01:45 | Link to Comment ViewfromUnderth...
ViewfromUndertheBridge's picture

So tell me, if the western world is about to implode in a spectacular ponzi fireball, tell me why the strongest, most reliable bull market in the history of Wall Street is that of treasuries. That's a 40+ year trend line you're fighting.  Demand for our debt is stronger than ever.  If the whole western ponzi game is about to end, tell me why we can finance our debt at record low rates.  Tell me why money continues to gravitate toward our Treasury like it's some sort of neutron star. And when you answer, keep in mind, the Fed is not bigger than the bond market.  If you need proof of that, take a look at rates last winter, shortly after QE2 began. 

OK, Adolf...who is buying Treasuries? Apart from Bernanke (who needs to keep rates low or the US blows up), China (who need to keep the Renminbi low or China blows up), Euro banks (who need to convert the dollar swaps to collateral so they can maintain leverage of 40 - 100:1 or Europe blows up), Japan (see China above) and London aka ME potentates with some hidden Chinese buying thrown in...see all of the above. Low interest rates for these reasons are not a good thing...the Treasury Bond bubble is the penultimate bubble...Soros has told us the ultimate bubble (and shown that he understands English better than most) and the only way we are going to see it with our own eyes is to keep thinking like you.

Also, please read "In The Garden of Beasts" and see if you still think your avatar is funny.

Tue, 09/27/2011 - 15:14 | Link to Comment Comay Mierda
Comay Mierda's picture

dumbass if everyone was buying gold you would see all the homeless temps on the sidewalk holding "WE SELL GOLD" signs instead of "WE BUY GOLD". more people may be hedged this time around because the last collapse is a recent memory. but what will happen when the bernank hits the print button to save all the banks and monetize 100% of govt deficit spending?  The dollar will take a shit.  very few are hedged for hyperinflation

Tue, 09/27/2011 - 15:17 | Link to Comment Libertarians fo...
Libertarians for Prosperity's picture

 

 

Hey foolio - let me give you a hot tip.....  the homeless guys holding signs on street corners have absolutely no relevance to the movements in the international gold market.  If homeless guys holding street signs is your metric for supply/demand in the gold market, you're a fucking idiot. 

 

Tue, 09/27/2011 - 15:33 | Link to Comment SilverDOG
SilverDOG's picture

The difference between a homeless mans sign, and a dead mans face surrounded with numbers... 

belief above ZERO.

All of your rationalization is dollar based. I pity you, FOOL.

Wed, 09/28/2011 - 00:28 | Link to Comment chindit13
chindit13's picture

Good to see you here. ZH Comments Section needs more perspective.  "Gold IS money" gets a little tedious.  Of course so does, "everything will work out for the best."

Regarding PMs, I'm adding a post over on the HF YTD article, so I won't repeat here.  Suffice it to say here, I think many of the PM hoarders haven't considered all the possibilities.

Just about everything that can be said has been said, so we are all just regurgitating.  I might enjoy having Tyler allow a few folks to write competing pieces on different economic scenarios, then allow a vote to see where the majority---at least amongst ZH posters---stands.  The range of articles and opinions would span everything from a Harry Wanger World to Mad Max,  What do you think, Tyler?

Personally, I often wonder what the Mad Max crowd thinks about PMs in a Mad Max world.  My guess is that in such a world, where necessities are in short supply, PMs would be about as valuable as Stevie Cohen's Willem de Kooning collection.  With no disrespect intended, I can imagine some of the PM-Mad Max types preferring a metal detector, rather than a Thompson or an M1, when landing on Omaha Beach on D-Day.  I doubt any rational person was looking for lost change from the Sunday bathers on that horrible day.  Sometimes other things are far more valuable than a ton of gold.

 

 

Wed, 09/28/2011 - 05:16 | Link to Comment Libertarians fo...
Libertarians for Prosperity's picture

 

 

Thanks Chindit. :)

You're one of the ZH classics.  Lots of respect for you, fine Sir.

 

Wed, 09/28/2011 - 01:52 | Link to Comment ViewfromUnderth...
ViewfromUndertheBridge's picture

Not such a hot tip...80% of physical gold is privately owned, so the continuing lack of general public participation (still net sellers, is the point being made) does have a bearing on the gold price.

and why so rude?

Tue, 09/27/2011 - 15:13 | Link to Comment clymer
clymer's picture

Wrong side of the boat? You don't consider 1.5 quadrillion in CDS, derivative and OTC packaged debt that makes up almost the entirety of the banking sector balance sheet "over-leveraged"?

I am certain you didn't load up on physical PM's since Friday to take advantage of this (greatly appreciated) gift from our manipulative friends at the exchanges, but I am equally certain that a day will come when you wish that you did.

Tue, 09/27/2011 - 15:16 | Link to Comment fuu
fuu's picture

He did buy SLV yesterday though.

Tue, 09/27/2011 - 18:13 | Link to Comment Roi
Roi's picture

It doesn't really matter wich side of the boat you're on, when the paper it's made of starts to dissolve.

Tue, 09/27/2011 - 16:49 | Link to Comment Beekn
Beekn's picture

Guy-Please understand that all of MIDDLE AMERICA that buys and holds fits into this category.

They will lose all of their "savings" upon the great crash.  Get it?

Tue, 09/27/2011 - 16:49 | Link to Comment Beekn
Beekn's picture

Guy-Please understand that all of MIDDLE AMERICA that buys and holds fits into this category.

They will lose all of their "savings" upon the great crash.  Get it?

Tue, 09/27/2011 - 14:34 | Link to Comment PivotalTrades
PivotalTrades's picture

If it was just Greece I would agree.

Tue, 09/27/2011 - 14:36 | Link to Comment Quinvarius
Quinvarius's picture

The people in trouble control the printing presses.  Therefore, they will print.

Tue, 09/27/2011 - 14:43 | Link to Comment sabra1
sabra1's picture

wasn't everyone just a couple of months ago calling for dow 14500? maybe that's the reason it didn't happen!

Tue, 09/27/2011 - 15:01 | Link to Comment fuu
fuu's picture

So to sum up your post, "Boring world we live in?"

Tue, 09/27/2011 - 21:20 | Link to Comment Bay of Pigs
Bay of Pigs's picture

And, as usual, very few agree with your analysis while most continue to feel you are completely full of shit.

Tue, 09/27/2011 - 21:36 | Link to Comment Libertarians fo...
Libertarians for Prosperity's picture

 

 

And, as usual, I don't give a shit whether or not a bunch of doomer goons agree with me, or not.  

I happen to know you're one of the self-proclaimed Turdites, so perhaps you could help me with something. Turd keeps deleting his bad calls, and he did it again yesterday night.  When he updated his "White Out" article last night, he removed the chart in which he predicted earlier in the morning that silver would find a bottom near 22-23. 

This is probably the fourth or fifth chart that he's deleted in the past 48 hours, and I was wondering if you find this embarrassing.  You're a Turdite, after all...

 

Tue, 09/27/2011 - 21:49 | Link to Comment Bay of Pigs
Bay of Pigs's picture

No, your wrong. People here are not all "doomers". I hate to break it to you but nobody cares what you say because you have no credibility. Especially on PM's.

My advice is for you to quit posting this nonsense, and go work on your anger and insecurity issues.

Tue, 09/27/2011 - 23:52 | Link to Comment UP Forester
UP Forester's picture

Kind of on topic:  Anybody hear any chatter about massive puts on the S&P, a la airline puts 9/01?

Tue, 09/27/2011 - 14:41 | Link to Comment Cynical Sidney
Cynical Sidney's picture

this trader rastani is telling people the truth about the markets! how dare he! must launch smear campaign and paint him as a rouge trader.

or bbc could bring him back. and rastani should replace shalom bernanke at the fed

ps. he looks like andy bichlbaum who duped bbc on the bhopal compensations. guess it's how the hoax rumors started

Tue, 09/27/2011 - 14:46 | Link to Comment fonestar
fonestar's picture

Who has read the Reuters blog?:

http://blogs.reuters.com/felix-salmon/2011/09/27/is-alessio-rastani-a-ye...

"and you don’t need to spend very much time hanging around the comments section (or even many of the posts) at Zero Hedge to discern a strong nihilistic and even anti-capitalist strain to much of the thinking in that community."

First they claim that there is no way that he could be a "Yes Men" and then conclude that he is both a member AND a trader!  Oh, and apparently it is us (and not the markets) that are nihilist and we are all anti-capitalist here on ZH!

Tue, 09/27/2011 - 15:10 | Link to Comment Demologos
Demologos's picture

It looks like they are mistaking "anti-capitalist" for "anti-parasite" ... any why not?  Every parasite chomps away at its host thinking life is good, until the host dies.

Wed, 09/28/2011 - 08:54 | Link to Comment Double R
Double R's picture

http://companycheck.co.uk/company/06208542

SANTORO PROJECTS LIMITED
Established 11/04/2007

 

Tue, 09/27/2011 - 14:01 | Link to Comment gratefultraveller
gratefultraveller's picture

Thanks for the belly laugh

Tue, 09/27/2011 - 14:02 | Link to Comment Gubbmint Cheese
Gubbmint Cheese's picture

"suck it" MSM.

TD - was the "suck it" a Tosh reference? Holy.. your pop culture references are unreal.

Tue, 09/27/2011 - 14:03 | Link to Comment j0nx
j0nx's picture

They are just following Goebbels' playbook of discredit the messenger, discredit the message. It usually works on the sheep. The informed tell them to go shit in their hat.

Tue, 09/27/2011 - 14:04 | Link to Comment Whalley World
Whalley World's picture

This guy may end up in the deep blue sea next to the body formerly known as Osama

Tue, 09/27/2011 - 14:23 | Link to Comment Steaming_Wookie_Doo
Steaming_Wookie_Doo's picture

Hmm, did Forbes try to go for the Axis of Evil connection since his last name is Rastani (could be a persian surname). And yes, I do think that the "discrediting" types would stoop lower than a pygmy limbo dancer to try and avoid the actual truth of the situation.

Tue, 09/27/2011 - 14:05 | Link to Comment kengland
kengland's picture

This is FREAKING BLOWING UP. Story on ABC radio! LMAO. The fact that this a "breaking news story" says it all. First time folks have heard such a thing

Tue, 09/27/2011 - 14:06 | Link to Comment fyrebird
fyrebird's picture

scroomed

I learn something new every day.

Tue, 09/27/2011 - 14:10 | Link to Comment Pladizow
Pladizow's picture

Screwed 'n' Doomed Bitchez!

Tue, 09/27/2011 - 17:19 | Link to Comment bid the soldier...
bid the soldiers shoot's picture

It happens on Dexter all the time.

Tue, 09/27/2011 - 14:06 | Link to Comment fdisk
fdisk's picture

Poor boy, probably booted already for loses :)))

Tue, 09/27/2011 - 14:06 | Link to Comment Skeptical1
Skeptical1's picture

Everyone loves a Henny Penny (Chicken Little).

Tue, 09/27/2011 - 14:43 | Link to Comment Former Sheeple
Former Sheeple's picture

@Steriod thanks for the link, but the Forbes questions were a bit scary...

FORBES: Where did you grow up?

FORBES: Do you work from an office or home?

FORBES: Where do you live?

FORBES: How old are you?

FORBES: What hours do you work?

FORBES: What do you do when you’re not trading?

He might want to go deep, deep under cover...

Tue, 09/27/2011 - 14:07 | Link to Comment Mutatto
Mutatto's picture

That guys speaking fee is going to be ridiculous in a few months...

He should saving all those clips of the MSM discounting him.

Tue, 09/27/2011 - 14:34 | Link to Comment DosZap
DosZap's picture

Mutatto ,

He is not saying one thing new, that has not been preached from the rooftops already.

Schiff,Paul, Celente,etc,etc.

At least in the US.

Tue, 09/27/2011 - 14:59 | Link to Comment Treason Season
Treason Season's picture

One small detail you're overlooking Zappy, this was on the Blair Broadcasting Corp.

Tue, 09/27/2011 - 14:07 | Link to Comment The Deleuzian
The Deleuzian's picture

His pantomimes (Rastani) were legit (IMO)...I don't think he was lying!!  Maybe just someone who can't keep a secret...You do know that 'secret keeping' is hard on the psyche...

Tue, 09/27/2011 - 14:09 | Link to Comment Fips_OnTheSpot
Fips_OnTheSpot's picture

Is truth now a secret? Gotcha.

Tue, 09/27/2011 - 14:21 | Link to Comment The Deleuzian
The Deleuzian's picture

The only thing he did that bothered me was the looking left...But you need more than one to discredit yourself...It's a little more difficult to judge people on media...Looking left could have been due to looking at himself in a tv or computer moniter present...Aside from that...Rastani at first glance, as unbelievable in today's totally 'full of BS" news, looks like he's telling the truth or at least believes he is...

Tue, 09/27/2011 - 14:42 | Link to Comment Max Hunter
Max Hunter's picture

I don't think he had any intention of his comments catching fire like this.  That's not to say he didn't know the comments would be controversial or overly bearish, I just think he had no idea he would take over Jim Rodgers and Marc Faber with one 3 minute video within 6 hours of it hitting youtube.

Tue, 09/27/2011 - 15:27 | Link to Comment richard in norway
richard in norway's picture

i he just started winging it, but he paused when he was going to say short the market, you could see his brain suddenly backtracking. he probably realized that if he came right out and told people to go short and the market tanked, then he would be toast

 

 

BTW

 

i sent the link to every one i know, and i think lots of other people did as well

Tue, 09/27/2011 - 14:08 | Link to Comment The Axe
The Axe's picture

Good news.....hes awesome...thanks for the truth...Bad News his short book is choking on so huge loses in the last two days....  sure he still has a few pounds in which to buy a pint

Tue, 09/27/2011 - 14:09 | Link to Comment optionsoptions
optionsoptions's picture

Yes MSM bad!

 

BBC press office good. 

 

Talk about the biggest deflection piece since Clinton. "An independent Market Trader" and they have "no" evidence it was a hoax

 

Translated via google common sense: He has an etrade account and you can't prove we got fooled so nananananana!!!

Tue, 09/27/2011 - 14:13 | Link to Comment the grateful un...
the grateful unemployed's picture

For a long while there the BBC was better than the MSM, but you could see that was over when they started running the same dog and pony features that the MSM ran.

the real news now is Al Jazeera

Tue, 09/27/2011 - 14:25 | Link to Comment The Deleuzian
The Deleuzian's picture

You mean the CIA Radio Tower

Wed, 09/28/2011 - 00:06 | Link to Comment UP Forester
UP Forester's picture

BBC, CIA radio tower?  Nah, they just get the script early:  www.youtube.com/watch?v=6mxFRigYD3s

Never gets old....

Tue, 09/27/2011 - 16:36 | Link to Comment CompassionateFascist
CompassionateFascist's picture

Then try Russia Today...KGB version of the world, and way truthy...at least about the US/EUR mess.  

Tue, 09/27/2011 - 14:09 | Link to Comment I am a Man I am...
I am a Man I am Forty's picture

what the fuck did he say that everyone didn't already know, Taibbi has written stuff much more damaging, Jim Rogers says this type of stuff all the time, hell, Rick Perry said the bernank should be tried for treason

not sure what the big deal is

 

Tue, 09/27/2011 - 14:13 | Link to Comment Arthor Bearing
Arthor Bearing's picture

Regular ZH readers and people who get their news from TV literally live in seperate realities

Tue, 09/27/2011 - 14:21 | Link to Comment I am a Man I am...
I am a Man I am Forty's picture

you're right, it's strange being de-programmed

Tue, 09/27/2011 - 14:33 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

I turn on the TV every now and again to see what is being sold to the people, especially the national evening "news".  My god, the garbage that comes out of these sources is filled with so many lies and half-truthes.  It is evident to me now, but my past self take as gospel.  I would love to go back to myself in former times and kick the shit out of myself.  The ignorance and blind faith of the programmed in the news is worth an ass kicking every now and again.

Tue, 09/27/2011 - 15:34 | Link to Comment richard in norway
richard in norway's picture

what i dont get is how many times i hear on the radio "the FTSE closed up 20 points today" when i know for a fact that it trading lower than yesterdays close. ok so they are not lying but if the market opens 100 points down andmanages to put on 20 points, it still down 80. its misleading

Tue, 09/27/2011 - 16:07 | Link to Comment Blano
Blano's picture

No doubt.  The local news is just the worst.  Each story seems like 1 minute of the story itself and 2-3 minutes of reactions from the people on the street.  I can't even stand the commercials for the new TV shows, they look so pathetic.

Tue, 09/27/2011 - 16:21 | Link to Comment The Deleuzian
The Deleuzian's picture

NPR is getting pretty dumbed-down as well...The whole way each subject is divided into two opposing sides is in itself limiting...This tactic is used throughout Mass Media... It allows the listener/viewer to easily decide even the most complicated/compex issue!!  Pathetic

Tue, 09/27/2011 - 16:33 | Link to Comment clymer
clymer's picture

kind of lonely being awake. I can count the people I know who are on one hand

Wed, 09/28/2011 - 00:15 | Link to Comment UP Forester
UP Forester's picture

I can count the number of people that aren't awake by the bins of junk silver at the local jewelry store.  I guess $25/face is just too much....

Too bad I could only afford FRN250 worth....

Tue, 09/27/2011 - 18:26 | Link to Comment ElvisDog
ElvisDog's picture

Not only is there virtually no news presented by the MSM, but what is presented (IMHO) is intended to upset the viewers. Turning off the MSM news and getting it from independent sources not only makes you better informed but is good for your mental health too.

Tue, 09/27/2011 - 17:33 | Link to Comment Freddie
Freddie's picture

Anyone who watches TV is a serf who enpowers their overlords.  If the public yanked the plug on TV enmasse - they might get some of their freedom back from the evil who control their lives.

They would rather see that fat cow Nancy Grace expose her fat t*t (on dancing with a cow) - so granpa can get wood. Morons.   "Yup granpa got wood thinking about her....""

Tue, 09/27/2011 - 14:10 | Link to Comment the grateful un...
the grateful unemployed's picture

The Summer(s) of Larry is about over

Tue, 09/27/2011 - 14:11 | Link to Comment jdelano
jdelano's picture

This my favorite post of the week.  Laughing my ass off at this excellent batch of Tylerisms and feeling giddy about the new house money puts I am going to stack at 3:55.  Great day. 

Tue, 09/27/2011 - 14:11 | Link to Comment Sudden Debt
Sudden Debt's picture

Never the less, the media has created the next crisis...

so clear!

WE BROADCAST IT SO IT EXISTS!

so many people still believe this... so few realize what's happening... but on the other hand, if everybody was reading ZH the servers would crash every 10 minutes :)

 

Tue, 09/27/2011 - 14:15 | Link to Comment Tsar Pointless
Tsar Pointless's picture

And they don't crash every 10 minutes already?

Tue, 09/27/2011 - 14:11 | Link to Comment PY-129-20
PY-129-20's picture

I enjoyed watching that clip. You may not agree with him (I do on most points) like Econmatters, but to discredit him is just weak and shows how desperate some of the MSM in their constant propaganda efforts are. I mean, they could've just ignored the guy - one opinion and every... has one stuff.

Another thing:

I think the El Hierro volcano is in a bubble. A magma bubble that will be burst. BTFLD...

Accumulated energy chart (Very bullish):
http://www.02.ign.es/ign/resources/volcanologia/energia_HIERRO.jpg

Tue, 09/27/2011 - 14:56 | Link to Comment fishface
fishface's picture

They attacked him because they thought he's week

Forbes did this 4 page interview and the last thing they say is you're a fake, thats low

http://www.forbes.com/sites/emilylambert/2011/09/27/trader-or-prankster-...

 

+1 for the BBC to back him up

Tue, 09/27/2011 - 14:11 | Link to Comment Gringo Viejo
Gringo Viejo's picture

Still calling it a.............recession.     lmao

Wed, 09/28/2011 - 00:18 | Link to Comment UP Forester
UP Forester's picture

Nuh, ahh!  The recession ended June of '09.  The TV told me so.

 

Don't you watch the elegantly dressed bald guys and pin-up wannabes?

Tue, 09/27/2011 - 14:14 | Link to Comment King_of_simpletons
King_of_simpletons's picture

So there are people still living in caves that are in disbelief.  For me Rastani sounded legit and routinely normal. I need to know from CNBC if their analysts and panel of experts are hoaxes, which I know is most definitely the case.

Tue, 09/27/2011 - 14:14 | Link to Comment RazorForex
RazorForex's picture

Read between the lines people.

This story was released yesterday, today euro is up.

Tue, 09/27/2011 - 14:14 | Link to Comment Smithovsky
Smithovsky's picture

too legit to quit

Tue, 09/27/2011 - 14:15 | Link to Comment monopoly
monopoly's picture

I am sure now that it has been proven real Diane Sawyer will air it tonight along with Brian Williams. They always let the truth be told. lol

Tue, 09/27/2011 - 14:17 | Link to Comment Stoploss
Stoploss's picture

The big deal is they thought this was a joke. He would never have been allowed on the show if they knew what he was going to say up front before interview.

The video is all over the place, and looks like it might go viral. Too late, the cats out of the bag.

Tue, 09/27/2011 - 14:20 | Link to Comment mayhem_korner
mayhem_korner's picture

 

Let's see, what is more comical here:

...that the BBC issued a statement clarifying the veracity of a story.

...or that the BBC "extensively" investigated this guy AFTER the interview.

By this exception, we can conclude that the MSM will put on any bloke that spews forth a combination of syllables acceptable to the goal of misdirecting the public.

Tue, 09/27/2011 - 14:21 | Link to Comment Mongo
Mongo's picture

Forbes is fake

Tue, 09/27/2011 - 14:25 | Link to Comment JW n FL
JW n FL's picture

 

 

LIES!!!

ALL!! LIES!!!!

 

My paper Money still folds easier in my wallet than silver or gold AND!!! I can eat it!!

$5 bucks to dig it out of the ground!!

Europe will be fine when the $3 trillion in new debt gets pumped into the system! http://marketplace.publicradio.org/display/web/2011/09/26/am-possible-euro-debt-solution-partial-greek-default-3-trillion-bailout/

$3 trillion in new debt will help ppay for the old debt and then the Tax Payers will better be able to pay for the old debt becuase of the new debt, see?

Tue, 09/27/2011 - 14:37 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

Clear as mud. I better go buy me some US bonds right away.

I know it was stated here before, but his "flight to safety" run was my area of conern.  Really?  US Ponzi debt?  Truth about economic downfall, but lie about where to safe-haven?  Oh well. 

Tue, 09/27/2011 - 16:46 | Link to Comment Hapte
Hapte's picture

You're the man Jaydub.

Tue, 09/27/2011 - 14:25 | Link to Comment DosZap
DosZap's picture

Outside the MSM (Gov't bought Clowns), it's obvious to anyone w/half a brain he was dead on in his assertions.

Bottom line, no one WANTS to believe him. And those that know he is correct, do not want the sheeple spooked.

Tue, 09/27/2011 - 14:25 | Link to Comment Schmuck Raker
Schmuck Raker's picture

The fact the BBC found it necessary to release such a statement is a sad commentary on the current state of the world in which we live:

-the truth is unrecognizable for what it is

-the BBC is assumed to be untrustworthy

Tue, 09/27/2011 - 15:11 | Link to Comment falak pema
falak pema's picture

its called bureaucratic knee jerk : cover your ass with TPTB.

"We were doing our job, boss!..We didn't know this guy would pull the plug on good british understated, subtle analysis by going "overboard" in pure dago style..." 

Now the establishment promotes the buzz... he is a scam...it's less embarrassing than admitting they didn't vet him beforehand!

Tue, 09/27/2011 - 14:27 | Link to Comment RobotTrader
RobotTrader's picture

FAZ and TZA holders getting utterly destroyed

Tue, 09/27/2011 - 14:37 | Link to Comment Shirley Wilfahrt
Shirley Wilfahrt's picture

Winter is coming....plastic works much better than tinfoil when insulating basement windows....

Tue, 09/27/2011 - 14:41 | Link to Comment somethingisrotten
somethingisrotten's picture

Don't think so MomoTrader, I just bought them both two minutes ago.

 

How's that NFLX treating ya?

Tue, 09/27/2011 - 15:07 | Link to Comment The Axe
The Axe's picture

you always cherry pick.....how about the longs on IOC.......ouch    AAPl  acting like shit on a crazy up tape...amzn and nflx   getting ass fucked to.....

Tue, 09/27/2011 - 15:07 | Link to Comment The Axe
The Axe's picture

you always cherry pick.....how about the longs on IOC.......ouch    AAPl  acting like shit on a crazy up tape...amzn and nflx   getting ass fucked to.....

Tue, 09/27/2011 - 15:47 | Link to Comment Placerville
Placerville's picture

It all depends on your timing!

Tue, 09/27/2011 - 15:51 | Link to Comment firstdivision
firstdivision's picture

Care to elaborate on this ill-timed statement?  For the record though, I did say 3pm would be plunge time.  But hey, even a broken clock is right twice a day.

Tue, 09/27/2011 - 14:30 | Link to Comment Edward Fiatski
Edward Fiatski's picture

Manufactured reality - the peasants don't know what is real anymore; anything outside the projected perceptions is deemed a 'hoax', a 'nut', 'insane'.

It will be quite easy to send them marching off to war with China.

Tue, 09/27/2011 - 14:41 | Link to Comment bid the soldier...
bid the soldiers shoot's picture

It was like watching Ming the Merciless in a pink tie on a flat screen tv.

The facelift was fabulous and so were the plugs.

Tue, 09/27/2011 - 14:39 | Link to Comment Internet Tough Guy
Internet Tough Guy's picture

Skeezy, arrogant NYer with slicked back hair, a pink tie, a total disregard for right and wrong, all-consuming obsession with wringing the last buck from a dying system even though it will be worthless, would screw his mother over on a trade, worships pigmen. Yep, he's a trader.

I think he's Robotrader.

 

Tue, 09/27/2011 - 14:35 | Link to Comment Segestan
Segestan's picture

I think the BBC statement is fair and true, although BBC is crap news. That Rastani told it like he sees it , that he was correct on most points. However I don't like his advice..... Got Gold?

Tue, 09/27/2011 - 14:35 | Link to Comment Tom_333
Tom_333's picture

WilliamBanzai needs to take this on. You can´t make this up. Someone who really speaks the truth as he sees it - on business MSM!

Tue, 09/27/2011 - 14:36 | Link to Comment fyrebird
fyrebird's picture

Having an opinion on things cannot be a hoax.

If he went on the BBC and said all that and then said "and I'm Paul Krugman so blow me", that would be a hoax.

But any of us could have gone on the BBC and said what that guy said, claimed to be traders (well I do and just did 5 minutes ago and many here are) and it would not have been a hoax in any sense at all.

See? This is meme-casting -- polluting how people think about things -- in which case ZH is a hoax, I'm a hoax, and everyone reading this is a hoax ... whatever the actual fuck that means. In a practical sense, it means nothing at all.

Tue, 09/27/2011 - 20:39 | Link to Comment tip e. canoe
tip e. canoe's picture

"This is meme-casting"   indeed it is -- nice catch.

Tue, 09/27/2011 - 14:39 | Link to Comment Hook Line and S...
Hook Line and Sphincter's picture

Alessio is not who or what he seems. He may not even know it.

Limited hangout tool.

Admits he does not have the wool wearing one's best interest, and then says he does.

Add heavy truths to enhance the ego, tell your targeted 'victim' you are going after them so you can rationalize your misbehavior...

'I told her I was going to sodomize her if she dressed that way, she put on her daisy dukes anyways. Then, I made it clear to her family that if they left the door unlocked I'd come in a steal their lazyboy recliner and defecate on the carpet. F'n idiots, they knew. It's their fault.'

Tue, 09/27/2011 - 15:06 | Link to Comment falak pema
falak pema's picture

you wanna read a novel on medieval times ?

Here it is! 

http://www.falakpema.com/buythebook.html

the e-book is availabe on amazon and barnes& noble.

Just saying...

Tue, 09/27/2011 - 15:59 | Link to Comment Hook Line and S...
Hook Line and Sphincter's picture

I shall pick one up, later today. Thanks for the reminder.

Tue, 09/27/2011 - 14:40 | Link to Comment buzzsaw99
buzzsaw99's picture

Drop by zh anytime Alessio. Or perhap he is already, oh, that's just crazy talk...

Tue, 09/27/2011 - 14:41 | Link to Comment hampsterwheel
hampsterwheel's picture

Here someone that caught up with him after the fact - I love it when he referred to his GS comment "I thought everyone knew this" ---- see what happens when you don't get out much - the sheeple don't know - they think its still all GW's fault --- http://abcnews.go.com/Business/trader-prankster-alessio-rastanis-claims-...

Tue, 09/27/2011 - 14:41 | Link to Comment reader2010
reader2010's picture

Do you really think you can get truth from TV? Get grip.

Tue, 09/27/2011 - 14:40 | Link to Comment bania
bania's picture

Pulitzer prize intro, nice work whichever version of Tyler.

Tue, 09/27/2011 - 14:44 | Link to Comment Piranhanoia
Piranhanoia's picture

Imagine that happening here?  No producer in the US would even allow such a guest live.  I am betting that less and less supposed live interviews are just pre recorded these days.  There are only a few people that know who's boss that are allowed to participate in any live news program.  You never see Paul or Kucinich, because they would say unexpected truths and ruin a nice sunday anti anxiety/anti depression compendium designed to work with the medication your doctor is told by your country to give you should you encounter a sudden dose of reality.

 

Tue, 09/27/2011 - 14:46 | Link to Comment Wakanda
Wakanda's picture

What's wrong with "suck it"?

Works for me.

Tue, 09/27/2011 - 14:47 | Link to Comment jjsilver
jjsilver's picture

We don't need some mainstream shill to inform what most people already know that the world is in a mess. What people should focus on is that he believes the dollar and treasury paper are safe havens.

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