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BBC Speechless As Trader Tells Truth: "The Collapse Is Coming...And Goldman Rules The World"
In an interview on BBC News this morning that left the hosts gob-smacked (google it... it is the BBC after all), Alessio Rastani outlines in a mere three-and-a-half-minutes what we all know and most ignore. While the whole interview is worth watching, the money shot for us was "This economic crisis is like a cancer, if you just wait and wait hoping it is going to go away, just like a cancer it is going to grow and it will be too late!". While he dreams of recessions, sees Goldman ruling the world, and urges people to prepare, it is hard to disagree with much (or actually anything) of what he says and obviously interventions and machinations means we will have days like this (in Silver for instance), there is only one endgame here and we hope there is less hopeful euphoria (and more preparedness) as we pull back the curtain further and further.
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.
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Stiff upper lip quivered a bit on BBC. Not cricket this type of frank doomsday talk. He would never have been a Spitfire pilot, he would have said its all over, Hitler is Goldman Sachs. Game over.
So....luckily there were those...so few. But then this is another type of war. The baddies are on our side. Damn!
"We the People" DO NOT! care what they do.. the majority doesnt care.. and they NEVER! WILL!!
So who is to blame? the helpless majority of Sheepish Consumers? or the motivated psycho's? who want more just to have more that some other idiot? Quality of life be damned for the majority! the few shall enjoy shit they dont need and would more than likely (if they are healthy human beings and not animals) be happier if they would have went without.
Letting the dumb poor people kill each other off might not be such a bad idea.. they dont care enough to want the truth.. they dont care enough to want a better life..
SO! who's fault is it?
we can blame the Lazy people or the people who we think are more evil.. and even that is a split.. by the awake people. some want austerity against the poor and some want austerity against the working psycho rich.
some think the lazy idiots are more evil than the motivated psycho's with a work ethic??
and some think the motivated psycho's are the bad guys that should be kicked off the planet..
but who are you or i to judge the stupid or psycho's?
or do we do the right thing and get rid of them both?
They are selling us the idea that we matter.. which we dont.. and this is just another form of control.. or as I like to describe it.. entertainment for wall street! LOL!!
do they think there are enough critical thinkers in the United States to be a threat to the system of Lobby Whore Corruption? LOL!!
PLEASE!! have some more Fluoride Water and Prozac! LOL!!
Oh, and then again it could just be another feint. If this guy is talking about money and how to make money, then he is not part of and does not get the bigger game, WHICH, in my book, means that he is just a tool and may be a deluded tool.
Filing it away with all of the opinions.
I would a have said that "people like the people behind Goldman Sachs rule the world". IMO, Goldman is yesterday's news, a has been. They have been discarded as the main policy tool because they have gotten too much negative publicity. Which, makes this guy even less believable because he is playing on the fears of people who heard from their brother-in-law, who read somewhere that Goldman Sachs is evil. While there is no doubt, again in my mind, Goldman is evil that does not mean that they still carry the torch.
this guy obviously doesnt see much more than a crash within the current paradigm. he doesnt see the "end" of the current global system as it now stands. hes telling people to get into treasuries. way too bullish if you ask me. waaaayyy toooo bullish
No he does not plan on making money in treasuries and by "hedging". He just didn't want to say short this pos market to the grave because he lost his nerve. But bravo to this clown for the line about GS--that took a brass set! Hope this clip goes mega-viral...
He also says that anyone can profit from a crisis, not just GS. So, be prepared.
Thought you said things were boring and there would be no crisis?
He did say it. Fifty times, in the same irritating trollish way.
Indeed, but others think.
@looking--according to you, be prepared for what? another yawn??? please elaborate. shirley you cant mean prepare for a collapse, not based on every post of yours that dismisses all of this with a sigh of boredom......
The euro will be saved, to begin with next Thursday in the Bundestag, where the July 21 package will be approved. Market rally and PMs crash will follow. Crisis over, the markets will say. Indeed: yaaaawn.
so then "prepare" for what?
For a crisis, if you believe in.
Someone is banking on the collapse only to be followed by the launch of QE III in one form or another. Bernanke is a poker player that nearly went all in back in 2009, his hand was a dud... his only chance of winning, albeit in his mind, is to put all of his chips (credibility) in the middle one last time, to hell with the middle class. This guy maybe hoping for the bottom to fall out in the markets, but only so he can get in before Bernanke goes full tilt.
THis guy is a fuckstick.
"You can make a lot of money from this, hedging strategies is one and...ahhhh, then, buying bonds, investing in treasury bonds..."
Yeah, good luck with that asshat, I'm going to make a lot of money investing in an asset that yields jack fucking shit.
And hedging strategies??
How the fuck do you make a lot of money hedging??
Go balls in fucking short if you believe we are going to crash.
Lets buy some 0% to -% treasuries to 'hedge'...hooray.
Yeah, the only way I see that as being a good idea is if you think money market is going to break the buck, or there's nothing else of value to get long in -- as if we ran out of gold, land, bullets - and a buncha other stuff. If you had a mega crapload of cash to store, maybe? But if you had that, you don't need to listen to TV, I'd suppose -- you're one of the ones making it happen, no need to ask for a prediction.
He may have ment that the 10y will see a yield of 1.5% or less. So in his world buying would work as protection.
Last one...If you don't care about how they might fix the problem (there is more wealth in Europe than any other continent), you are a wankster trader. The real money is made on the swings Mr. Guido Spirelli McPinktie.
ok a classless souless punk trader wtih a good short book, big balls and lots of profits....just shut-up and go buy a round for everybody at the pub....please
In the morning some FED from FOMC commission comment something like "need additional action from FED."
When the guy dropped the hint about savings disappearing overnight, I think we all know what he was telling us to do.
"Golman Sachs rules the world." Yup. He knows the score. How much ya wanna bet the gold and silver being taken off the shelves is by the ruler of the ruler of the world: Llyod "Doing God's Work" Blankfein & Co.
Lest us never forget: Goldman was EXPLICIT in creating the largest housing bubble in U.S. history (thanks Hank!) and then profitted massively on it by going all-in, shorting 40% of sub-prime against their balance sheet, and buying massive amounts of CDS to have Hanky make sure those CDS contracts would get paid by going all-in on the U.S. Taxpayer who had not vote.
Goldman does rule the world. And you can bet they are stacking PM's right now like you've never fucking seen before. Think about it, the margin hikes, the institutions suppsodely selling GLD and SLV because of "liquidation" reasons. It's all bullshit. They are not liquidating SLV and GLD and raising margins for nothing: they f'ing know the paper game is almost over. And they, too, espeically Goldman, will make sure they profit from this too. heck, JPM may make a 100% on the paper shorts while they are furiiosly stacking PM.
It's NOT a liquidation crunch: if it were there is no way in the world financial stocks like BAC and C would be rallying why Gold and Silver get mauled.
It's coming.
All the banks have unlimited 0% credit at the Fed and don't have to report losses. I agree that the chances of liquidation sales are near nil.
They are not liquidating SLV and GLD and raising margins for nothing: they f'ing know the paper game is almost over.
They got the jump on the market there, didn't they.
Clive Maund is predicting more losses to the 20's:
If you think this nascent crash is just some sort of heavy correction that has has almost run its course, you need to open your eyes....Silver longs have already been taken to the shearing shed and royally fleeced over the past few days, just as we expected, and are in a state of shock, smarting from massive unexpected losses, and many are not psychologically disposed to "bite the bullet" and get the hell out before they incur further huge losses. Thus, after already being fleeced they are likely to bleed steadily to death as silver heads lower in the weeks and months ahead
I think he sums up what this rigged game is all about here:
We are not, and never have been, gold or silver bugs. We are here to make money pure and simple, not fool about with dogmas and ideologies, and we are just as happy making it on the way down as on the way up - more so actually as markets drop twice as fast as they go up, and silver drops about 4 times as fast as it goes up. Thus we are perfectly happy with the latest developments.
We are not, and never have been, gold or silver bugs. We are here to make money pure and simple, not fool about with dogmas and ideologies, and we are just as happy making it on the way down as on the way up - more so actually as markets drop twice as fast as they go up, and silver drops about 4 times as fast as it goes up. Thus we are perfectly happy with the latest developments.
Sure, why not. Long physical/short paper. Good idea.
No, this is the last one...Bernanke's inkjet is going to melt that dude's face...and his tie...and his margin.
Obviously you don't get the distinction betweent a trader and a dumb-ass set-and-forget buy-and-hold investor. By the time Benanke can get squiddly done, he'll be in and out of 10 or 20 trades, just like I will. While it's nice to know the general trend, a trader doesn't care or worry that much about long term stuff, just how this trade is setting up, and when to close it. Wash rinse repeat.
Note, not all long term traders are dumb-ass buy and holders. Some recognize the trends on a longer timescale and have the balls to make such bets. And it takes more to actually hold things through big red periods, such as those holding their PMs right now. Of course, some of that is post-facto rationalization, they simply got caught down and now are making up a reason they didn't wisely sell, so as to be able to buy YET MORE at or near the bottom.
At some level everyone is a trader. If you buy and never sell, we call that "donating money" - you do have to sell sometime to get the profits before you die. Preferably long before so you can actually use them for fun things and you know, have a life.
Thanks for the advice.
Roll down a bit and look for my post by a poster who has posted his facebook page. You are vindicated and I apologize.
I do not throw out the message though.
Let those who have ears hear. All the rest can spend their time making smart ass comments.
Not so sure about treasuries tho - seems like what happens there depends a lot on what the Chinese decide to do and when they decide to do it.
I'm good, very good, with the silver plan, topped with a little golden fringe.
What did he say that was new? Most of us in this blog know that Euro is crumbling and following it is Dollar ...We are in for a ugly financial meltdown....
Whoa, I just got up and turned on the pornograph and I see this.... How on earth did the censors let this guy get past the guards? And while I am sipping my first cuppa can someone tell me what is going on over at NYSE? Eight hours ago when I crashed the futures were down about 148, I wake and the market is up 160 never having been in the red.
you have got to be kidding, us dollar and treasuries are safe, this guy is a shill. BBC government (rothschild) controlled.
and the BBS tagline is "anyone can make money from a crash"...
totally pissweak...
Refreshing candor and quite brave all things considered. My difficulty with this is my skepticism whether you can actually make meaningful money from the current situation, consistently... will government let you make money? It seems to me that the likely scenario is that government, at least in the west, slowly removes the instruments available that can be used to take advantage of this volatility and make meaningful money... at least on the retail side of things. Furthermore, with the likelihood that volatility between deflationary and inflationary fear will only increase, even investors who are sufficiently prepared could be carried out before the crash/hyperinflation/etc. occurs. Certainly gold should work in both deflationary and inflationary environments thus an attractive solution, and its a free market... at least for now.
That's why I am long GS. It's game over for everybody else. They aren't that dumb. They know how to play this market around Dodd-Frank and will always beat earnings expections.
It's the taxpayers hedge fund. Might as well be a part of it...
I remember a time when there were similar levels of fear in the market. It was at or around early March, 2009.
I think we'll soon see the last desperate push by govts to quell the markets. Seriously, how is the smart money going to top tick the market when all the dumb money is sitting on the sidelines. We need a strong rally for the smart money to sell into before we see a real crash.
Smart money has been selling into the POMO pumped, Fed Juiced, MSM pimped market for 2 quaters at least.
Insider sales have outweighed buys by historicaly high ratios, the Fed and its minions have kept the market aloft by writing puts and crushing Vol - price discovery has been very successfuly stifled.
Sure mutual funds have seen large outflows - but thats because so many mutual fund holders have sold to pay regular livivng expenses.
We are now in stage one of a controlled demolition - sure there will be brutal squeezes along the road that takes us lower, but the big, smart (insider) money is on the short side already.
Due to operational difficulties the London Gold exchange is Permanently closed for business... http://www.londongoldexchange.com/maintenance/
After that interview, how long will it take for him to get "JFK'd"?
"Wooly" indeed. Hahahaha! Mr. Rastani, meet Mr. Taibbi...
Quote of the day "Goldman Sachs Rules the World"
NO SHIT
GS struggling (along with BRK) to stay positive:
http://finance.yahoo.com/q?s=gs&ql=1
Of course, with an open bernank window and endless stream of cash, why care, verdad?
GS does not care about its stock price - just as long as it gives them a good oportunity to take themselves private again at a convenient juncture.
http://www.marketoracle.co.uk/Article30641.html
The contagion has spread. Subscribers were warned not once but three times since August, that the end has begun
I love how the graphics keep spreading the extend and pretend schtick while he is basically calling for the collapse of the world economy.
Truthiness...... better than Cramer's Crapfest, though.....
Hey the other significant tell he posed " there are those prepared to make $$$$$ with a CRASH" = GS both sides of the deal.
"I'm a Trader."
Yeah, baby.
http://www.facebook.com/alessiorastani?v=app_4949752878
let's put things in perspective
There is a guy on this thread ranting about his pink tie and his douchieness! I was feeling the homophobia strong there, but this definitely adds a dimension.
Apologies to the pink lightening bolt guy! The douche is douching!
ROTFLMFAO!
Wow, that is another dimension...how did that clown get on BBC?
"how did that clown get on BBC?"
Apparently the BBC randomly went through the L.A. yellowpages under "trader", thought "Alessio" sounded like an everyman name and put him on the air with no pre-screening of his views. uh yeah, sure. It was all too weird. He admits that traders have no souls and would sell out any ideal for a buck then claims that he is only thinking of the good of the viewers when he tells them to put all their money in Treasuries (because he cares).
reminds me of the monty python skit where a residential architect has designed an abbatoir condo...Alessio: "if you'll just step this way onto the conveyor belt we'll show you the inside of a working kill floor..."
As far as currencies the dollar is the last dog, as far as honest money, gold is the last dog standing.
A YouTube comment: how about "man shorts market, encourages people to drive down market"
Can't see him getting a regular gig on 'Auntie Beeb'
He is not alone with predicting CHAPTER AND VERSE about the current THREE FUCKING YEAR OLD FINANCIAL CRISIS. Lots of bloggers have, and I thank God for the web. It's the only way to learn the truth, as the media has sold their soul just like politicians have. It doesn't take a quant outta Wall Street to know that so much money was STOLEN, that there is literally no way to pay it all back because it was levered all to hell. The only questions are: who pays, and how long does the pain get delayed. And the problem doesn't get better with age, but a bunch of derivative booby traps have been laid to prevent a normal debt cleansing process. So YOU, the taxpayer, are going to pay.
Holy... holy... holy... #uck. I never thought that I'd hear the words 'Goldman Sachs rules the world".
Finally, someone in the community has spoken.
Yet again you guys fail at doing anything not to mention gold silver chums ripped to shreds. And you know how you can tell this site is full of cancer is the fact you believe one news agency OWNED by The crown in the UK over other news agency owned again by a few. This site doesnt show anymore info as the other fearmongering agencies. ALL FEAR this shows all of you have been fed frivilous inert data from here, but please be very very scared from it. More and more this site is becoming about as serious as SNL always with the behind the news spoofs.
Everyday now there is something historical. Be prepared folks, I think it's here. Silver, Seeds and Shotguns.
Phil Flynn on the floor of the CME said on Fox Business a few minutes ago that this is the 1st time in history that gold has traded in a $130.00 Up-Down range.
And Wooly too. Thank god it was the BBC and not CNBC. Otherwise he would have been cut off after ten seconds with a break to commercial telling us how the New Bank Of America is helping to rebuild the USA economy.
..some funny comments on Alessio by 'Rambo' (!) and others:
"..And yet... if you take a closer look at this guy, it all starts to seem a little suspect. A Facebook page, a Twitter account, all that doom-mongering... maybe he has something to sell off the back of this? Maybe the Beeb booked a boob? A money-hungry, wanker banker boob?
He's got some seminars "to be announced" on his website. That makes us cock an eyebrow (or two). Hmm. The jury is definitely out on this one -- is he being an arsehole and just telling the truth, or being and arsehole and overblowing the situation for his own personal gain... or both?
He does have some words of advice to share with us, mind -- aside from "If you know how, you can make money off a crash!" -- and that advice comes in the form of words: "You need to protect what you have before it is too late!" Oh Alessio, you old sweetie, you know how to make us smile, don't you?
That was undoubtedly one of the most irrational and immature comment made by someone who probably never worked in a Banking sector or a financial trading environment. And what further boggles me the level of conviction you used to convince people with comments like no one cares, stock markets finished, saying banks don't care what happens with public's money, I wanna help people, boy! and best was when you say Goldman Sachs rules the world. I wonder what nightmares must you have had to dream up that one. It sounds of someone typically who always finds a need to blame someone or something else in order to compensate for their lack of knowledge, professionalism and commitment.
'Dar'
'Fuck Off Dar. You just got beef!!
Rambo'
Read more: http://www.asylum.co.uk/2011/09/26/Alessio-Rastani-bbc-news-economy-interview-video/#ixzz1Z4ttScIkLets see what `accident' awaits this fellow......
The Algo's R Fracking up
Outstanding. Love hearing someone speak their mind without political correctness. This guy is awesome
About the only way to survive tis is to get off the treadmill, somehow, someway. The fiat currencies are all worthless long term, but as we've just seen gold alone won't save you. We all need to pursue multiple strategies, hedging our finances but also doing the prepper stuff as well. As short, we all need to be "Going Galt". http://www.futurnamics.com/goinggalt.php
preserve capital, that's good. stock brokers and sell side analysts have been promoting 60 is the new 40 axiom, because it keeps people in stocks much longer. the old rule of thumb for individual investors was to move their stock investments into bonds upon retirement.
as baby boomers wake up and realize they have lost half their savings in the stock market, they are going to bonds for the duration. that leaves a much smaller segment of the investing population to support the stock market. Goldman will see the tipping point eventually and realize they can make more money shorting the market lower than they can make buying and holding.
and to that end the new third political party will be backed by them. (see the two failed candidates in CA last year, both former CEOs, with GS backing, and incidentally GS was all in on Obama in 2008, and will probably be again. Democrats wonder why he doesn't listen to them? What fools these people are.
hell yes Goldman Sachs rules the world. they bought the police in the USA. can you spell B.A.N.A.N.A.R.E.P.U.B.L.I.C. ? good. you'll be entitled to a free dose of ritalin.
http://www.youtube.com/watch?v=Y_7rZbVerlI
WOW, now that is what we need more of...he may be right or wrong but until politicians and talking heads in general start talking about the POSSIBILITY of the dark side, then it will be like the bogeyman under the bed...always there until the light is shined. Enjoyed this..
This guy is a nobody. "independent" trader ie someone who can't even get a job in the industry. Making money by hedging. Treasuries. What a joke.
"who can't even get a job in the industry".
You have a gold pamp as an icon, a screen name "nontaxpayer", yet you're taking as a fault that the gent on the BBC isn't affiliated with a brokerage? Child please...
Who knows: Plastic Bertrand does?
http://www.youtube.com/watch?v=PITnJAnmjqwhttp://www.youtube.com/watch?v=PITnJAnmjqw
Goldman Sucks is the King of Nothing!
Dude obviously is pitching. Interviewer is an idiot.
It's all clear. Jim Paulsen on Blom now says the worst is over and were still headed up. Everythings done well on a relative basis.
keep away from anyone wearing a turban, you hear !?!? Bad for your health.....
Jamie Dimon throws a hissy fit: http://www.cnbc.com/id/44670522
what is that a Demon FanBoy Page?
He might look smart, but he completely underestimated Bernanke. Even Goldman can't beat Bernanke.
You know how when you want to say something really heartfelt and important to someone and you get nervous.
You could see it and feel it in this guy's conjecture.
Unfortunately, he is speaking to the whole world yet very few will see this and fewer will comprehend the implications.
Good luck folks...
A lone voice of truth in the media wilderness
i sent this to all my friends & family. i've been telling them for 2 years now to get the hell out of the stock market & buy silver & gold. they don't believe me . MAYBE, THEY WILL BELIEVE THIS GUY !
...true!
What others have said about Alessio Rastani:
“Based on Alessio’s sound advice, I pulled my money out of the markets just before the 2008 stock market crasho.... He saved me a fortuna! Not to mention my pensione!”
(La mamma)
On Topic:
Jamie Dimon Critcizes Carney Over Bank Reform
Financial Post
http://business.financialpost.com/2011/09/26/jpmorgan-chief-lashes-out-a...
Sent from my iPhone
Project: Put a list together of where ex-Goldmanites hold key positions around the world.
objective - determine reach of the squid's tentacles
I'll start;
Mark Carney - Governor of Bank of Canada
his name is Alessio Rastani!
he had no name in life, but in death he does.
his name is Alessio Rastani!
his name is Alessio Rastani!
I love the text right below the video:
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Like I enjoyed this one. Oh yea, I did.
He looks like he has some of that "Something about Mary" hair gel in his hair.
I accept his intent on the market collapse, but Treasuries... sorry you lose me there. Why would anyone buy that trash?
He won't be on the BBC again.
What an extreme absurd bearish sentiment with paranoid schizophrenic delusions.
Yet another example of how nowadays exuberantly bearish the traders are (and why the stocks are at current low levels and poised to go parabolic on any positive news) – the sentiment is at extreme irrationally "end-of-the-world market will crash and there is no upside risk" bearish levels.
This UK trader has been having wet dreams about a recession every night for the last three years, he is convinced Goldman Sachs controls the world, the stock market will crash, and all other governments (I guess including Bernanke and Trichet) are irrelevant.
This was aired on BBC this morning. Wow!
The "Dumb" Money Indicator looks for extremes in the data from 4 different groups of investors who historically have been wrong on the market:
1. Investors Intelligence
2. MarketVane
3. American Association of Individual Investors
4. Put Call Ratio
As of today (the latest available data) this indicator shows extreme bearish sentiment, and this is a bull signal.
http://chart.ly/uploads/large_ijtdm8t.png
Rydex Total Bull v. Total Bear (weekly)
Currently, the value of the indicator is 46.87%. Values less than 50% are associated with market bottoms.
http://chart.ly/uploads/large_on39t4c.png
What are you smoking, crack?
Sorry, but I do not smoke (and have never ever even tried/experimented with controlled substances, not even Cannabis).
I think you should,it might help.
I say that sincerely,before my awesome creator.
The word Isreal means, strive/wrestle with God,
I think he is an artist disappointed with his own work.
As a player with paint , I can understand the POV.
All in this garden is yours!
I think our creator likes a bit of fight.
David was a man after his own heart,but David was no boyscout.
will someone please tell this yoyo to shut the fuck up.......
signed
the squid.......
The roof, the roof, the roof is on fire!
The roof, the roof, the roof is on fire!
The roof, the roof, the roof is on fire!
We don't no water, let the motherfucker burn!
Burn motherfucker burn!
http://www.youtube.com/watch?v=sKhN0gh0kjY
Glass-Steagall crashes the crap, while everything real is managable.
In other words everything will drop (or be hyperinflated), but only Glass-Steagall lets only the crap go to 0, and also ends any thought of hyperinflation.
But we can't do what's necessary...wipe out the fraud...reorganized the other debt until it is payable. No, we need to keep going down this road, because...because...well..that's the spirit of monetarism fucking with us.
It's not an opportunity, because it is avoidable. Now if we can't avoid it, then it is. But this is the sort of 'opportunity' which really isn't, because the fix is out there, and we need to take it before it crashes everything. I'm sure there will still be 'opportunity' there, even with Glass-Steagall.
We don't need to crash everything for there to be 'opportunity'.
Glass-Steagall
If a rising tide lifts all ships does an outgoing tide lower all of them?
The guys at Phoenix Capital Research feel this guy stole their thunder. See boys: if you don't put a sales pitch at the end of your articles with a pithy title to your note, people accept the message better.
Carry-on
I certainly like his honesty. Good call Alessio.
Guy's juvenile asshole.
He's working for the other side.
explain please.
TPTB point to the "speculators" as the source of the problem.
He is supporting thier argument.
The comments were also impertinent - very amateurish IMO.
He has a Facebook page ... http://www.facebook.com/alessiorastani
Perhaps you assumed more quilt than exist. Honesty can sometimes seen amateurish.
Repeat please.
http://www.youtube.com/watch?v=yXf1bhEEXd0
so now we see why there is so much downward pressure on gold and silver. because soon, they will take off again and there is no stopping them....
Peter Cooper:
"What we have does look very much like a case of history repeating itself all over again with the autumn of 2008 back once more. Then silver dropped by almost 60 per cent from its high and that is happening again."
seems to be happening rather quicker, this time around. i thought we might see 1500, we got down to around 1530, is the correction over already? 100 bucks up already? or will silver be in the teens by this time tomorrow? lol to those trying to trade this shit, i just buy metal whenever i have any money to do so.
uranian,
BE very careful on Silver, it has been castrated, the tech damage done to it is insane.
Look for a serious pullback to the mid 20's.............
Keep this video archived ZH. This should be required viewing for new ZH members as well as sheeple who still have their head buried in the sands of denial and non reality.
i agree. the tylers should keep this video at the top of the page so that mish shedlockski can see it anytime his silly ass can see it....doncha think...
His one suggestion is to panic? The only wrong thing is to not act?
So the suggestion is to trade, no matter what. Trade, if you have 1000 shares of TGT or 100 oz of gold. Buy something if all you have is cash, sell something if all you have is XOM.
Sounds like this trader wants to get volume up so he can make some pennies on the suckers trades.
He might be honest about believing the doom-gloom scenario, but his suggestion to just trade more doesn't seem helpful.
Wow, I'd like to know this trader's name so I could watch the obituaries and send flowers. Breaking the omerta of trading circles is not something GS is gonna take lightly.
Video to be taken down from youtube in T-minus 10, 9, 8...
This guy a bluff, if he thinks Market will collapse, Euro will collapse
and treasuries and bonds going to do just fine.. Absurd..
YOUTUBE IS MANIPULATING THIS VIDEO'S WATCH HITS :
YouTube shows only 300 watch hits, whereas there's already over 500 TWEETS on this blog alone.
Nothing to see there, and no news, ZH talking about same scenario few decades
since 1930 :)))) And yet, Markets are up 140 points..
that is pure bullshit. anyone with half a brain knows damn well that there has been many more than a lousy 300 views...good grief...
It's also on YT about 5-6 times, same clip, different titles...
He maybe a weasel or something much slimier but I think he told the truth, unvarnished, as he sees it.
I agree. Shades of lavendar and grey, all of this. No one is clean.
i agree. he has that animal spirit and he has been chasing the golden fleece for too long to lie about it because he just doesn't give a damn...whether i agree with him or not, it doesn't matter. what i appreciate is his clarity.....it is all we can ask for......
Are CBs loading up on more Gold?
Any official confirmations on amounts?
5+
For those of you interested, BlackRock was touring the repo offices of EFG Eurobank in Athens today. Perhaps the bank will have a new owner soon???
Get prepared with the USD and Treasuries? Like they are not part of the Cancer?
Of course, the 'full faith and credit' of the US Government is rock solid. During the time the US Congress spent debating funding for FEMA disaster that amounted to 3 or 4 Billion the National Debt increased to 12 Billion.
Yeah - but remember that he is a trader. He will run from one burning building to the next better than most people. I can see short term moves that could yield really good profits for those who play it right. Dangerous game though.
Two things. First, it did not leave the interviewer "speechless." She clearly said "that dosen't much help the rest of us then does it?" This implies that in her conception of things all members of society have some social obligation to other members of society a concept which seems to have escaped the trader at issue. Second, if the trader is correct and he and a class of people profit off the misery of the vast majority of the population then the remedy will not be a series of gentile laws designed to ensure that those who profited take a haircut - people will be looking for scalps at that point. Which is another concept which escapes our anti-social personality disorder (formerly psychopath) friend.
The history on the concept is crystal clear. If a nation state or a whole class of people suffer anything short of complete annihilation, when they are alowed to regroup they always, always, go after the group(s) that harmed them. Always. This is the primary reason the Third Reich was so big on annihilating the conquered. They understood this as it was what they were engaged in themselves. Oh and we already know who was on their hit list of people who had participated in past injustices. What makes these people think that this time human nature will be fundamentally different?
"The system does not collapse but evaporate" - Trace Meyer
Or as Engels might have put it: 'the system withers away.'
By the way when markets are ruled by fear, that is not exaclty a positive for the bears...thats the point. If you don't understand that than you don't.
Welcome to Fight Club.
Question #1: Why would GOLD be dropping, if EUR going to collapse and Markets
implodes? I'm not buying "Credit write downs" BS. Greek not yet defaulted
to begin with. Need event first, to write down loses against.
Well, perhaps certain institutions might be "pawning their jewels" in order to raise liquidity. It's hard to tell exactly what is going on. But I really wonder who underwrote all those euro-debt CDS, because whoever it is would need to fork over a lot of cash if/when Greece or some other sovereign formally defaults.
In the subprime crisis, AIG was ultimately bailed out. Many people suspect that this was because Goldman had huge CDS holdings, in many cases betting against products it had agressively sold to its clients. And the Treasury secretary at that time just happened to be a former Goldman exec. But in the current crisis, things might not play out that way.
Me too. Have been posting this question for 2 weeks in a row. Could be any of them, really.
If Greece goes kapputt, the blood will flow on Wall Street.
It was really interesting when ZH posted an article saying that MS had a really big exposure to French banks. And then several other banks quickly came out with analyst statements saying: "No problem. MS exposure is hedged. Everything is fine."
Why were those other banks so quick to come to the defense of MS? Could it be that they have a big exposure to MS as a counterparty? So that if MS went down, they would end up with a lot of unhedged debt and be in big trouble?
When the music stops, who will be left without a chair?
Pancho, when this shit hits the fan there will be no chairs left. Too many broken legs.
My advise? I have no advise. Everyone do what their gut instinct tells them to do. There's a bit of a squirrel and a tiger in everyone of us.
Answer #1: margin hikes.
Answer #2: wait what was the second question?
This trader was hired by Goldman gang to scrare investors out of Europe into US.
It is simple - right now US is on fire and tries to save itself by scaring investors out of EU into US and they are feeling that they lose the speed of money flow from EU into US hence the scaremongering
yeap, DOW UP 190..
a wet dream spills over into reality. the man is absolutely correct. wishful thinking will turn any semblance of a hard-on vaginal at best.
so without further ado:
FUCK YOU GS
The guy is a prick. Common selfish prick. His arrogant "plan" to protect "wealth" and to come out ahead is going to fail. Guess what, I don't care if he gets hung at the next lamp post trying to preserve his "wealth". Could care less. He matters not.
Here's what matters. Did you all catch the latest Russian twist?
Putin has been declared ruler for life. Someone tell that trader prick that no matter how smart he thinks he is, someone else is going to be smarter and is preparing better.
Right now, I would challenge anyone and any nation to compete with Russia in terms of political preparedness. Putin will do what Putin does best. The son of Stalin will rule that nation with an iron hand.
Rest of Europe is depending heavily on Russian resources, foremost oil & gas. Russia and China have been pretty cozy all along.
It seems too calm for my liking. Almost as if we're seeing a calm before the storm. But maybe that's just me.
No, its not just you. There is enough cause for unease anywhere you look. The geopolitical landscape just got dimmer.
Where is a link to that ruler for life thing with Putin? All I can gather is that he's running for president in 2012.
http://www.voanews.com/english/news/europe/Putin-Medvedev-Job-Swap-Plan-...
So... Are you buying RUB & GZPFY???
Yes. RSX
Putin goes hunting, Obama goes golfing.
Speaks volumes about a nation's leadership.
a couple days ago i showed they are making the same movement os sep,2008......so, they just take market up until about 50 of RSI (Relative Strenght Index), 14 periods......the same movment.........RSI 14 reach about 50 and they put down market........maybe they will do it 3 or 4 times before freefall...........take a lokk here : http://pracompraroupravender.blogspot.com/2011/09/dow-jones-2008-e-2011-o-mesmo-quadro.html