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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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Hang on...honesty in mainstream media?
When did this happen?
It was an ACCIDENT.
well, what I'd like to know is why somebody buys a MILLION+ shares (yes....all in one shot) of TMV at 12:02 pm. paid 16.27, higher than the comps, but now trades at 16.40. Yes, I did take the bait....
Come on guys this was on the BBC of course its true... I'm buying some Greek bonds, I heard they offer some great deals after 1/2 of my money goes to bankers. Come on this was some guy the BBC wished they didn't put on TV, most didnt see, they didnt repeat this interview in the evening news, its now washed under the carpet like most others trying to warn the masses to buy PM.
I'm gonna go get a bite to eat......I expect to see the market close up at least over 3 or 4% today by the time i get back on all the stellar data flow.
Enjoy your lunch.
Remember, the world doesn't need commodities or the companies that explore them.
The world needs banks and bankers.
And traders.
LOL.
The real question should be... what are the plans for Wall Street and the many vacant offices there?
I think just to make the most of it and send a strong message that all is well again in America, the offices and buildings should be occupied by the new revolutionary forces that are taking the country back.
Yes, let's setup shop right there in the heart of Wall Street. Banzai should start designing the banners and flags for the occasion.
always thought the Citibank tower in Queens would make an awesome vertical farm. would also probably use a lot less electricity as one than it does now.
Yo know something is cooking when:
France Bans Cash Sales of Gold/Silver over $600http://www.realnewsreporter.com/?p=8192
the guy was obviously a bit nervous and rambling for a bit and with the pressure on, when he realized he couldn't put together a tv-friendly sentence which would paint his views correctly, he just told exactly what he thought, verbalized his stream-of-consciousness. When he said I dream of another recession so I can make money off it, I doubt it was his intention to be so honest, seeing as he'll be crucified figuratively, if not literally. He said what most of the smart/fast-money investors know but will never say because doing so would accelerate the downfall (and they'll just be blamed later) and ruin their advantage over the slow/dumb money investors (who'll be on the other side of their trades) by mainstreaming the truth of what's to come. I think most central bankers also know what's coming but have to 'toe the party line' because their job is to preserve confidence in the markets, something they're obviously failing at, but imagine what would happen if they all said what they really thought. Bernanke can't come out and say that there's actually nothing he can do because all the world's nukes would be launched an hour later (exaggerating a bit here). To him, a bit of inflation and a few more years of the ponzi (aka the US) is a lot better than the alternative. US is broken beyond repair, politically and financially. US politicians are vain contribution-whores who only care about one thing - extending their stay in office. All of Congress isn't good enough to be a speck of dirt under Ron Paul's fingernails.
Europe is broken. When Europe and US go down, they'll take the rest of the world with them. There's nothing anyone can do about it now other than postpone the inevitable for a bit longer.
And when the inevitable does come, even our friend Alessio's 'hedging strategies' won't help him, nor will his massive holding of US treasuries.
I hate to think about what kind of a world is being left to my kids.
Troo, troo, troo.
He tried to make it clear he wasn't judging or pontificating; he accepted he was a parasite, and was only trying to take advantage of the chaos as is his job.
I think he was surprised that he was allowed to keep talking, and tried to get out the warning that there were going to be an awful lot of victims.
I think the BBC booker has probably been sacked, but if the BBC had any guts, it would invite him back on. They have any number of suits from the big players in the City of London, so a little balance should be encouraged. Give him a chance to articulate a little better what he was really trying to say for the real victims (us)
Would people rather he hadn't been on?
I can only disagree on one point: they will NEVER sack the BBC hooker.
Have you even got a TV licence, Frankie?
You are only a few thousand miles from the BEEB and might be picking up
the condensed horse shit o n your flat screen.
Is that Number 6 in your avitar? he was a difficult chap.
He is right about millions of people about to lose their savings. Sad.
How will they lose their savings? Bank run? Hyperinflation? Forced govt bonds / confiscation? I wish he had elaborated on that point...
@mendigo Exactly... IQ 101 should reread my post more carefully before replying...
Hi Zola, if I owe an apology, then you have it, but I do not know the substance of your complaint.
If i called you full of Poo,earlier, then i will stand by the remark that thou protesteth against too much, me thinks.
"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!"
The Euro problems could have been prevented if investors had had the good sense not to loan lots of money to governments with big debt/GDP ratios. Now the damage is done and there is really no way to undo it. Once cancer has already spread, radiation and chemo only serve to delay the inevitable for a short time. The "treatments" that will be applied to the Euro problem will probably only serve to protect the very people and institutions that are responsible for the problem in the first place.
All this craziness can actually go on for quite awhile longer. There are many, many industries left to nationalize and much wealth and power still to be sucked from the middle class. There never has to actually be a hard crash, just a slow drift into the global gulag.
This guy is being honest, but the "goldman Sacks rules the world" comment is just that....commentary opinion.
It is established that Sack's BlankshooterFein has retained a lawyer and contention is building between the USguv/FED and Wall streeters.
What is really happening here is important:
It is like two great Apes coming face to face for a final blowout-showdown to see who gets to do all the Effing.
This makes for great, great, great......entertainment.
unless, of course, you're the one being Eff'd.
Any chance his certainty only sounds correct because you share his viewpoint?
For example: http://money.cnn.com/1999/03/15/markets/poll_dow10k/
DUDE! you are so right! the world is going to be fine!
tomorrow's headline in newpapers throughout Europe . . . " Alessio Rastani gunned down outside of the London Stock Exchange today" news at Eleven . . .
check out his website, his interview is word for word from the front page! Plus a few paid advertisements etc. I was Still willing to give him some room until I saw a vid with Rich Dad Poor Dad in there, forget it. I don't disagree with what he said but it seems quite opportunistic. Its all bullshit and soundbites....BBC thinks they get a 'hard hitting' story but they guy just blew up visits to his site, nothing new, nothing really revealing.
Man, this guy is TOTALLY not a team player....
Cue the Goldman Sachs hit squad in 5,4,3,2....
now also on Huggington Post !!! (going mainstream)
now also on Huffington Post !!! (going mainstream)
how fucked up the 'journalism' in our 'democracy' is, one can simply understand by reading this...
"The interviewer said "jaws had dropped" around the BBC newsroom while they listened to his answers."
Yea well this is kind of dumb. The trader also says he's been waiting for this collapse for 3 years and he hopes to make a lot of money from it. So of course it benefits him to go on television and announce that the collapse is coming. Undermine confidence and make people panic = self-fulfilling prophecy.
I can't see how this amounts to truth-telling as much as it does a trader exhibiting psychopathic behavior in his own interest (see Bruce Krasting's recent post).
This dude is about as convincing as Cramer who's trying to sell us his story -right on top of that bull market- that 'this rally cannot be stopped'....
Bullish!!
I agree. This beyond-bearish rhetoric is on every site I go to. The huge majority of posters are certain certain certain. People's insightful rants have led them right to the herd.
This guy just called the market bottom.
Ok, so where is short interest at?
Tyler, the community should know where short interest is at before the meltup and short squeeze comes along.
Pricks like this Alessio dude are herding the money into one direction while profiting from the opposite trade. He probably bought European banks today. Prick.
Maybe that pink tie told a buddy in New York to go long US bonds and equities.
Green tie go short.
just found this book at amazon.com
Money and Power: How Goldman Sachs Came to Rule the World
From the bestselling, prize-winning author of THE LAST TYCOONS and HOUSE OF CARDS, a revelatory history of Goldman Sachs, the most dominant, feared, and controversial investment bank in the world
For much of its storied 142-year history, Goldman Sachs has projected an image of being better than its competitors--smarter, more collegial, more ethical, and far more profitable. The firm--buttressed by the most aggressive and sophisticated p.r. machine in the financial industry--often boasts of "The Goldman Way," a business model predicated on hiring the most talented people, indoctrinating them in a corporate culture where partners stifle their egos for the greater good, and honoring the "14 Principles," the first of which is "Our clients' interests always come first."
But there is another way of viewing Goldman--a secretive money-making machine that has straddled the line between conflict-of-interest and legitimate deal-making for decades; a firm that has exerted undue influence over government since the early part of the 20th century; a company composed of "cyborgs" who are kept in line by an internal "reputational risk department" staffed by former CIA operatives and private investigators; a workplace rife with brutal power struggles; a Wall Street titan whose clever bet against the mortgage market in 2007--a bet not revealed to its clients--may have made the financial ruin of the Great Recession worse.
As William D. Cohan shows in his riveting chronicle of Goldman's rise to the summit of world capitalism, the firm has shown a remarkable ability to weather financial crises, congressional, federal and SEC investigations, and numerous lawsuits, all with its reputation and its enormous profits intact. By reading thousands of pages of government documents, court cases, SEC filings, Freedom of Information Act papers and other sources, and conducting over 100 interviews, including interviews with clients, competitors, regulators, current and former Goldman employees (including the six living men who have run Goldman), Cohan has constructed a vivid narrative that looks behind the veil of secrecy to reveal how Goldman has become so profitable, and so powerful.
Part of the answer is the firm's assiduous cultivation of people in power--dating back to 1913, when Henry Goldman advised the government on how the new Federal Reserve, designed to oversee Wall Street, should be constituted. Sidney Weinberg, who ran the firm for four decades, advised presidents from Roosevelt to Kennedy and was nicknamed "The Politician" for his behind-the-scenes friendships with government officials. Goldman executives ran fundraising efforts for Nixon, Reagan, Clinton and George W. Bush. The firm showered lucrative consulting or speaking fees on figures like Henry Kissinger and Lawrence Summers. Famously, and fatefully, two Goldman leaders-- Robert Rubin and Henry Paulson--became Secretaries of the Treasury, where their actions both before and during the financial crisis of 2008 became the stuff of controversy and conspiracy theories.
Another major strand in the firm's DNA is its eagerness to deal on both sides of a transaction, eliding questions of conflict of interest by the mere assertion of their innate honesty and nobility, a refrain repeated many times in its history, most notoriously by current Goldman CEO Lloyd Blankfein's jesting assertion that he was doing "God's work."
As Michiko Kakutani's New York Times review of HOUSE OF CARDS said, "Cohan writes with an insider's knowledge of the workings of Wall Street, a reporter's investigative instincts and a natural storyteller's narrative command." In MONEY & POWER, Cohan has marshaled all these gifts in a powerful and definitive account of an institution whose public claims of virtue look very much like ruthlessness when exposed to the light of day.
the first thing that strikes me about the guy is that he's got sociopathic tendencies. a rather obvious lack of compassion, not uncommon in his profession. second is that he is being basically honest; i can't claim enough knowledge to say that it's the squid in charge, but it's clearly the banking system (let me create the money and i don't care who makes the laws). it is surprising to this on the BBC, i agree, so who knows what murky and mixed agendas created this...the woman interviewer did appear genuinely dismayed by his candour.
this fellow is definitely a professional. when you get to this level you don't want to waste time reinventing the wheel. you don't waste time second guessing government policy, by reading every book on the subject, and getting your PHD on the subject. (most of our Presidents are C students, they hire PHD's to advise them, just like you and I read Consumer Reports before we buy a car)
From a professional point of view you really only care about whether or not policy is working, and if other people believe it is working. The guy is not an absolute contrarian. because going short when the money is going long, will get you killed. Like running a country, if the Presidential candidate is right and no one believes him, then he has to change his message.
He is hoping that the market crash is an organized event, (some are and some aren't) so that he can follow the order flow. Bear Markets mean simply that overmargined longs get marked to market and the reset level is a lot lower. We are there right now, but the politicians can't very well throw the widows and orphans under the bus, although he is advising you that they will, out of necessity. This guy is in his own parallel universe, so he understands exactly what they are thinking, how they think.
The rest of us try to argue over fundamentals, when that doesn't even enter into their equation. Does that clear it up somewhat?
this line from an MSMBC article says all that needs to be said about todays full on retard dead cat market bounce-
"The market apparently was buoyed by optimism Monday that European finance ministers will take appropriate steps to prop up the region's unstable economies."
PROP UP...that's all one needs to know...
Re this trader: maybe, maybe not.
If the big hedge funds always get it right, how did Paulson get bushwacked on gold? How did so many hedge funds blow up in '08? How did Lehman bow up? These guys are about as plugged in as the next "insider". They all get fucked up, too.
He's taking refuge in bonds???? Look at the TOP the bonds may have just put in. US/Z1 has an island reversal plus an outside reversal on Friday. And here we are nearing the end of a quarter and portfolios are crazy out of balance with stocks/bonds. With all the bulls run out of this market, does anyone want to guess where stocks go for the rest of the week? Buy the hell out of stocks fast and use today's low as your stop.
Much easier and less stressful for me to just wait until it's run up 500 points, then stack puts to the roof. Non sequitur: not to belabor the obvious here but the new rumor/plan for levering up the Efsf is FUCKING BATSHIT INSANE. and the trolls say the people on ZH are out of their minds. Hysterical.
he is mainstream now with Huffington Post carrying the news
http://www.huffingtonpost.com/2011/09/26/trader-to-bbc-goldman-sachs-goldman-sachs-rules-the-world_n_981658.html
Huffing&puffingpost is mainstream ? Har har that's funny. Next thing you'll try to tell us is faux news and the communist news network are serious providers of news.
I have never heard a more brain dead comment.
The typical City of London anti-Euro propaganda has converged with Idaho style doomsayers anonymous.
Zerohedge, you can do better.
surprised at the reactions to this guy, who is simply a trader. Traders serve a market function, or used to, in that they provide liquidity, and this fellow is an independent trader, which is like an independent trucker, not many of them left.
Most traders work a desk in a corporate operation. He freely admits he doesn't know much about economics, (he shares the same view of the world we do, things are screwed up and there is no fix) Remember he doesn't know much about policy and things, just technical analysis, sentiment, and order flow.
The trend is your friend. You are a lot more likely to gain real wealth in a selloff, rather than making money following the crowd in a bull market, that's simple enough as well.
Even if Goldman could put this guy up to it, they wouldn't know how. And they wouldn't know why. Their business is made on confidence, and this guy knocks the legs out from under every investment idea you have. Don't invest, it's almost like stop trading but of course Cramer follows that up with ten buy recommendations, and you only sell to take profits.
The best financial advice of the 1930's was to put your money in your mattress, but you have ever hear anyone say that? Hard to make a commission when your clients are 100% in cash.
Rastina has the ZH perspective in a couple minutes, priceless.
My effin hero!
Give me a break. Who is this guy anyway? Seems like a perfect candidate to add to the CNBC Fast Money crew (how do those guys supposedly run money anyway when they are on TV all day long either cheerleading or panicking depending on which direction the market is going). Save this guy for the teleconference on down days.
If Goldman Sachs were running the show you'd think that they're stock would be doing a little better no?
His facebook promo and homepage are as boring as his TV comments:
http://www.facebook.com/alessiorastani
http://www.leadingtrader.com/
BUT CAN ANYONE ACTUALLY EXPLAIN WHY THIS WILL HAPPEN AND WHAT IS THE LIKELY CHAIN OF EVENTS,
thanks,
scott
If you want to 'understand' why this will happen, Well that a couple years background reading Scott, Actually, You don't have to, cause
WE'RE LIVING IT
Sites of relevent background knowledge(which everyone could add to, or strike out) for the different spheres of influence on why this year...
Daily read ZH. Natch
www.AutomaticEarth.com Some good primers and bi-daily updates.
www.TheOilDrum.com You need to understand where we are in a historical perspecive in regards to Raw Materials, in particular Petroleum. and in a Serendipitous coincidence, Euan Mearns(trust him) today did an exellent job with...
A Brief Economic Explanation of Peak Oilhttp://www.theoildrum.com/node/8410
With a periodic perusing of the "outliers, frindge, outside the box" that will certainly have an influence.
www.infowars.com
www.globalresearch.ca
Just film it while it happens....
People should start taking pictures.... capture the period, like say 1929, 1941, 1776 kinda all rolled into one big experience...
As Samsara says - your question is pwetty big. Below is just a fraction of the issues that lead up to the current situation, but this is how I see a small part of the answer to your question:
Western world debt is based on compounding interest. All fiat currency is also issued as debt. This implies that the economy must grow to sustain the repayment of both principal and interest. This inherent growth requirement is amplified by the practise of fractional reserve banking. Infinite growth in a finite world is not possible, so the structure is flawed from the outset. One reason we are in trouble now, is that natural growth stagnated at some point. To squeeze the lemon, and get some extra juice to fool around with, in the early 1980ies we were encouraged to not only borrow for house and car, as normal, but to go further and borrow for consumption, quicker replacement of durable goods, and fancier abodes, than we otherwise would have bought if our savings was the primary funding vehicle. To stimulate this behaviour, interest rates were lowered and lending criteria relaxed. At some point interest rates could not be lowered any further, and the lemon could not be sqooshed any further. So monetary/credit growth was persued in client segments that would otherwise not have been perceived as credit worthy. One breaking point was, when the subprime market faltered. The borrowers were less robust, and the consequenses were amplified by the bundling of risky mortgages together with more prime securities, which made the risk assessment less transparent, and the ripple effects of the subprime crisis worse. The subprime defaults led to other segments of real estate to fall in value as well. In 2011 there was a peak in refinancing of mortgages, both residential and commercial. This means that a huge chunk of mortgages needed refinancing in a real estate market that had fallen dramatically in value. When the refinancing is done, it should be done at market value, so a loss is incurred and the collateral value on the bank balance sheets must be reduced. The bundling of securities probably also plays into this still with ripple effect losses. Anyhow, since there are legal requirements related to the reserve ratio in the banks, they need to find reserves elsewhere, when their real estate collateral values shrinks. So they liquidate the good stuff to cover/rebalance for the bad stuff. So far the banks have not been reporting the true market values of their assets, but I think that the refi peak has forced some revaluation this summer.
There are many other issues involved. You can research globalization and US hegemony, Outsourcing of productive capacity to the east, trading deficits and the advantage/moral hazard of having the world reserve currency and commodities traded solely in said currency, OTC derivatives, inflation of the money supply and credit, Bretton Woods, Nixon taking the US of the gold exchange standard in 1971, Mark-to-maturity accounting creativity, Off balance sheet liabilities and interbank lack of trust, Oil crisis 1 and 2 (1972 and 1979). The connection between oil and gold. Quite a few wars and the real motivation behind them. A european union, that abandoned own rules/Maastrich Treaty etc. Lack of groundbreaking new productive innovation as a growth driver.
The sequence of implosion I cannot say for sure, because it depends on the policy response, but I expect that the end game will be implosion of the sovereign bond markets at which point we will have seen all paper "assets" burn due to complete loss of confidence and a rush return to physical gold as store of value, until a credible new monetary system is launched.
www.collapsenet.com bitchez - Mike Ruppert is way out there, but has been on the money for a long time
treasury bonds when they will flood the market with paper to bail every asholl out? Is that safety?
I dunno, maybe what this guy said today was the reason for the melt, er, like a volcano erupt-up that happened today.
Let's give it a test: tell us ow genuine this individual really is.
Course material:
http://www.blifaloo.com/info/lies_eyes.php
or
some common sense...
Tyler, love to hear your thoughts regarding the CFTC's Statement 4 days prior to the beginning of the major raid in silver providing TEMPORARY REPORTING RELIEF for large swaps traders of PHYSICAL COMMODITIES!!
What exactly did the big banks need temporary reporting relief from?
Could it be an imminent massive gold and silver raid???
CFTC is just covering their ass. The Large Dealers never needed the CFTC's permission to break the law before. They could give a shit about the CFTC. The CFTC only screws with small specs, they have never gone after anyone big even when it is blatant.
I don't care... I'm a trader. Tool.
HAR...HAR...HAR!
Beans, Bullets, Bullion...Bitchez.
Suck my Goldman Sachs.
I think what he's basically saying is prepare to own at least some gold and silver even though they're just traditional trivial notions in a Fed Chairman's fiat kinda world. I mean what other 'protection' does J6P have that's even remotely obtainable that kinda sorta acts like money?
So Goldman owns the world now. Ok. But will they own it tomorrow? Btw, I bet this guy gets hired by GS and we never hear from him again. They'll probably make him an offer he can't refuse.
Stay tuned for Act II of this continuing saga to find out.
TBC
I would highly suggest to Mr. Rastani that he become the master of his domain .
Assange - Broken Condom
DSK - BJ from the housekeeper -
Rastani -??? -
Rastani -??? A Broken Condom in DSK while getting a BJ from his housekeeper while Assange looks on?
Who the hell is Rastani, and why does he matter? He says nothing that any of the other people in the gloom & doom business haven't been saying for years.
I ask again, who the fuck is Rastani? I guess we're close to the next phase of the game, I'm guessing--since this numpty is being inflated for no apparent reason? Must be some fatcat directive to begin the great decoupling. Host must be almost wasted by now? I don't know. I'm sure there's plenty more to be had if you're creative enough, or even not so creative.
I'm guessing it's no so much a decoupling as it is a letting the host die and just buying up what's left at an extremely discounted price. The docile dollar-worshipping masses will fellate anyone who can spare a few coins: fatcat heaven is on the way.
Good times indeed.
He is right. Consolidate your cash now, and catch a massive leg down. Ranges are narrowing and to get erratic metups points to a massive correction. In the meantime some tight volatility trades
The doomsday trade is close. You can make money off this.
Hey, can anybody find out who this trader is??? That would be key. Someone must know. That clip on the BBC must have started out by saying who it is...
Watch it again, they give his name.
Really?
Please TD put the math questions back.
don't hate the player, hate the game
everything burns.
What would I rather have, cancer or GS? Tough one.
Six in one hand, half a dozen in the other..
+false choices
Not to worry, before Goldman can rule the world they will have to fight
the Legions of Octavian and Marc Antony.
I watched this video with some crazy ambient music playing on my pandora 'lichen' station. ambient music makes shit sound so epic.
...Supermoon and Elenin alignment and then some http://dutchamazingnewsblog.wordpress.com/2011/09/22/supermoon-on-sept-27th-elenin-alignment/
http://www.swpc.noaa.gov/forecast.html
http://english.cri.cn/6966/2011/09/26/2724s660056.htm
I've been saying that this is an endgame for 3 years. If this were Monopoly, we would say good night, and go home. All of the game pieces would be back in the box, and that would be the end of it. Unfortunately, in the real world, where is home, after the game is over?
http://georgesblogforum.wordpress.com/2011/07/04/photo-finish/
"Collapse is coming... Goldman rules the world... and, yes, it is all their motherfucking fault."
Nervous Wallace & Gromit smile on the one bloke's mug, huh?
"Collapse is coming... Goldman rules the world... and, yes, it is all their motherfucking fault."
this guy seems very young and sounds rather herdish...
When somebody goes on tv hyping fear then telling us to buy treasuries I tend to get a little suspicious. Especially when the governments of Europe need to float an awful lot of debt.
Endgame? But Asia hasn't even started to play yet. This has all just been in the Western fold. I think there's much more, actually.
Ethnocentrism, basically.
People think because it's their relative end, the world must end with them. The western theatre will pale in comparison to the Asian one. I have a feeling the Asians are less-so willing to taking it in the ass by banking oligarchy.
Finally the Truth
When Warren Buffett says “95% of all investors in the stock market shouldn’t be there”, he’s not talking about this trader. He’s talking about the people this trader and others like him prey on for a living.
My momma my momma say dat dah Buffet is dah devil.
"Momma told me not to come. That ain't the way to have fun son." Three Dog Night
That interview was sort of odd. Usually the host is walkin all over the guest, giving them 2 sentences before interrupting. They let him talk until he said what he had to say. If they didn't like where he was going they would have shut him up.
This guy is psy ops. The governments need more direct bidders for their crap bonds. What better way than to send a "trader" on tv to scare the shit out of all the boomers. Notice he didn't say shit about silver and gold.
ah f*ck...that was good. Hahaha.
You were joking right?
UK isn't the USA. Interviewers aren't perpetually talking over the top of their guests to show themseles off.
Worse than Psychopaths,,,
http://economicsnewspaper.com/policy/german/worse-than-psychopaths-study...
It's a trader's market, bitchez
He said within 12 mos
Give him some time.
In this game of perpetual musical chairs someone is going to get caught out and it wont be me.
Like he says just be prepared .
12 mos. will give us a little time to learn to love Big Brother. And attend some meetings of the Junior Anti-Sex League.
The USD index is important to be watching. It seems to be the key driver of the Markets. Price action has been consolidating before a possible push higher. http://bit.ly/nj95ot
Governments world wide should declare all vampire squid big and small Persona non grata. A plague on humanity.
....because the world Governments ARE PART OF the vampire squids......and they can't declare themselves Personae non grata.
OK so that means the CFTC were well aware before hand that there was going to massive manipulation of silver. So they can say 'didn't see a thing'. No surprises here, everybody is aware the CFTC is systemically corrupt and has as its purpose the aiding of banks in the corruption of markets.
But one day when everything breaks down, corrupt regulators will be bought to account. They think their bankster and politician mentors will protect them. Bad news CFTC, you will be handy scapegoats in hottubs.
Kina - thanks for the post. Tried to give you the green-arrow and ... it don't work.
HELLO - ZH - WHAT IS WRONG WITH THE UP/DOWN ARROW IMPLIMENTATION? WHY IS IT SO "ERRATIC"?
Thanks.
I don't think you can green arrow when the commenter started with italics.
Gotta hand it to the guy, that was pretty rough.
We called for a pair trade on this inverted head and shoulder, short gold long SPX, man that worked good, and should still be working up until the measured move target
http://oahutrading.blogspot.com/
ehh what ever this guys say.........right now im short USD looking to wednesday
TZA! SKF! SDS! sell all the rallies (like I did today at 3:58)
I commented on this at another site. I think the elite are telling us they are about to pull the plug. For one, how many times have any of you seen a person on a financial network titled just Independent Trader. Usually they get someone from Goldman or some other financial house or institution that they trade for to do interviews. For them just to say he's independent tells me that they are making sure they warn us and also that they aren't responsible when it happens. The reason why the elite warns people before they do the action is because in their belief system they must warn or tell us what is about to happen or what they are about to do in order to show how much smarter they are compared to the rest. In their opinion they think of everybody else as useless eaters.
For the BBC to have this guy out saying this tells me that they are about to pull the plug.
Can you say "Talking your book" ?
Except that the guy was so jacked about being on TV that he couldn't get his brain and mouth working at the same time to every 'talk his book.' The opportunity of a lifetime he says and all I heard was a Bill Gross pitch to buy Treasuries.
Is the 17Trillion Fed Boondoogle just a conspiracy theory or not?
No it isn't. Here are the cold hard facts, from the governments own report.
check page 216 for starters
http://oahutrading.blogspot.com/2011/09/17-trillion-dollar-fed-story-is-...
http://info.publicintelligence.net/GAO-FedAudit.pdf
The rally being staged today in all major world markets may make him appear like a ...
Treasury bonds? BS! They have negative interest rates when you consider inflation so you lose money holding those suckers. But they probably sell them as quickly as possible to the next chump and collect the fees.
Government Bonds http://www.bloomberg.com/markets/rates-bonds/government-bonds/us/
10-Year 2.125
30-Year 3.750
Inflation Indexed Treasury (Yeah, according to their fixed bogus Inflation index)
10-Year 0.625
30-Year 2.125
U.S. 30-Year Bond Yields Tumble Most Over Two Days Since 2008 http://www.businessweek.com/news/2011-09-22/u-s-30-year-bond-yields-tumble-most-over-two-days-since-2008.html
U.S. consumer prices jump 0.4% in August – ‘Core’ rate of inflation hits highest 12-month level since late 2008 15 September 2011, by Jeffry Bartash – Washington (MarketWatch) http://www.marketwatch.com/story/us-consumer-prices-jump-04-in-august-2011-09-15-851480
Beef prices will be up 8% to 9% in 2011, up from a previous forecast of a 7% to 8% increase http://www.marketwatch.com/story/usda-raises-price-view-for-beef-eggs-2011-09-23
Smart money. US Dollar and Treasuries? did he use all that in once sentence? DBAG!
this trader also on BBC radio:
http://leadingtrader.com/audio/BBC_Radio_Interview_Stock_Market_Crash.mp3
Ball to the Wall?
However, there is no safe heaven for ordinaries. All safe places are crowded with bankers and politicians.
the guy has balls...I mean he is waiting for a major sell, and we are kinda not there yet. Ranges are tight, the market (equities) don't look that bearish - US markets are holding on supports.
in calling Goldman 'rulers of the world' I wouldn't go as far as saying that. I mean the US taxpayer backstopped the jokers once the re-capitalised. They're not that smart, just rich
The smart money buying USD and UST's...f*ck yeah, very liquid, hence the commodity sell off.
Greece is gone, there is NO WAY Germany will agree to a 40%+ to maybe 50% on the bailout fund. Just not going to happen - and then the fund has to leverage. The IMF/EU are living in fantasy land. Once Greece gets completely booted out of the EU then gold/silver will rally. And that could be soon.
eveyone knows this whole thing is going to collapse...
...not to forget the Copper price. China.
Eventually, what you are going to have to see in this regard is something I was surprised did not happen in Iceland: A full takeover of the country by its creditors.
What you will get if you don't is a function that the entirety of the poorer nations in southern Europe will collapse like a string of dominoes after one is tipped, leaving the entirety of that region in near chaos. (Think ALL of the PIIGS here.)
If Greece is gone, so are Spain, Portugal, and Italy.
At that point, poof goes the currency, and all Hell breaks loose on the continent.
You have very few options left if you truly wish to be prepared.
First and foremost, for whatever plan you wish to take, you have to be armed and willing to kill. I understand how much that turns people off, but the facts are that the "unprepared" (put in quotes because the worst of it is the kind of people who will wish to be the "tribal overlords" when the entire system comes crashing down) will come, and will come armed (because they have abjectly zero to lose -- I believe that most in power hope and pray that the "unfit" will simply do their duty, roll over, assume the fetal position, and die.) and will kill you unless you kill them first.
Second, any plan basically has to take into account the end of the present infrastructure. Do not depend on constant electricity, oil, or, really, anything else.
Third, understand that you are probably going to have to survive a die-off of at least 20-40% of the population of the First World. That's not only going to nail you physically, but especially psychologically.
The only question now is how long we have left. If I had to guess, maximum about 15 months.
what i don't buy about the mass power outages, is that if the globe really does experience such outages, guess what? you really think in the midst of all this turmoil you are swearing is going to happen, someone is going to maintain all of those reactors?!
if some or all of the 442 currently active nuclear reactors go offline, lose the ability/manpower to cool, many will melt down and humans are looking at an extinction event within the generation, if not sooner.
so if the world really does digress to this new medium you're pushing, what the hell good is it to survive? you will inevitably die a more horriffic death... along with the entire human race.
whatever his true intentions, my man is going mad viral. i'm getting 'you gotta watch this' emails from friends not normally into this stuff. he's most definitely struck a nerve (which might be precisely the point).
Not a chance this guy's right. won't happen, no way. the S&P can't even get below 1100 after 10 tries. something or some entity always stops the momentum dead in its tracks and reverses it on every attempt. look at the action since yesterday: S&P up 50 handles, gold $150 from lows, silver up $5, crude up $5, dollar down 100p, euro up 200p and most all via powerful momo killing V reversals. I wonder who has the power to do that?
Beware sinking too much into the doomsday scenario. Iceland defaulted, they are doing fine.
U.S. may have a lot of problems, but the country is protected by two massive oceans, tons of natural resources, and some of the most fertile earth on the planet. And I would rank many American institutions near or at the top worldwide, including our court system and federalist system of government.
So yes we have problems. We may default on the debt. But the "zombieland" case is grossly overstated. One, two and five years from now, people will still purchase water, food, and power, seek medical attention, and generally do what people do. If and/or when we see the Dow at 7,000 or below, this is where you should invest. It is the time when fortunes are made.
i'm impressed. you could probably look on the bright side of the plague.
Well, I won't comment on his message (because, frankly, the Chicken Little thing is becoming tiresome and stale) but that's ONE HELL OF A WAY to burn through your 15 minutes of fame. Going out in a blaze of glory.
This is hardly some insider betraying his people. This rather inarticulate guy is a trader in the same sense that the majority of people on this site are traders. He takes positions with his own money. He doesn't work for anybody, so he is not doing any sort of tell-all having seen it from the inside. He isn't even Michael Lewis.
He's just a guy with an opinion, who happens to fancy himself a trader, though the industry has not bestowed that honor (sic) on him. It is a self-claimed title. It is the equivalent of the average ZH poster taking the stage on BBC and rattling off a few personal opinions. It carries zero weight. The only difference between him and posters on Zerohedge is that this guy is trying to elicit investors for his "system".
All the posters who think this guy might get "deaded" are way off base. This guy could post his daily schedule on his Facebook page and stencil his name in bold letters on the back all his suits, and only risk the random chance of violence any of us face daily, nothing more. The industry couldn't care less this guy exists. He has demonstrated a certain degree of marketing skill, however, as he landed himself this three minute gig on the BBC.
As many are wont to say in ZH threads, nothing to see here.
I agree. Just a kid with a few minutes of fame that he hopes he can parlay into some "clients."
He is also kind of douchie. In his defense, meterosexuals are douchie in general so nothing special there, either.
For those of you who were following the story of the NYPD who maced the occupywallst protesters, the cop who sprayed the mace is already under investigation for another violation: http://www.guardian.co.uk/world/2011/sep/27/occupy-wall-street-anthony-b...
TYLER !!! You, sir, are not the PT Barnum I think you are (and I say that respectfully) if you don't get in touch with this guy RIGHT NOW and have him write an article about how we can all profit like he said we all could in the event he is right and we start seeing dogs live with cats, real rath of God type stuff. Don't waste time regurgitating about how the world is going to hell and Goldman is the evil Satan (we can read replies to posts to get enough of that). 100% strategy and why.
(P.S. I pray it isn't as simple as "buy gold". That story's a bit long in the tooth)
if you're seriously here for investment advice, you're beyond help.
*(ok downrating response edit)
it's true, ZH showed me the light in terms of what really has value. i have invested and will continue to invest in PMs, food and lead. the inevitable crash will and is coming. what that would really look like is anyone's guess, as the last 72 trading hours have evidenced. but seriously, people. don't hang your hat on what this guys says, nor what TD or any of us have to say. you need to realize that your cheese is on the move, and it's up to you to make the best decision possible!
Personally I don't need help, thanks anyway. But no one's here for investment advice, jomama. Like I said, think PT Barnum (respectfully - Brnum was a genius). This is the circus, baby!! Entertainment with a capital "E"!!
As far as "the inevitable crash..." You and the gentleman on this video (name already escapes me) seem to be on the same page. I would think you would WANT to hear more of his rants (about what he's inested in, the evil Glodman, etc.)??
You know TPTB have won when everybody thinks everything is a conspiracy. FFS this just a plain straight out interview. No psy ops, no double trickiness. TPTB have got everybody here paranoid. I guess it is easier to play with your mind when they get you thinking that way.
The guy spoke his mind, nothing much we didn't know and wouldn't have said ourselves. The only persons surprised would have been mums and dads at home who following nothing but the football.
Looking at Asia's markets...thin. Crappy rally
I'm speechless... I think the guy's on our side. He was completely honest. It's confirmation of everything I've been saying. That means, of course, it is absolutely too late to stop. The next 48-72 hours are going to be critical... Hunker down and get small. -- Michael C. Ruppert
http://www.collapsenet.com/154.html
geez, i'm getting tired of all these ad hominem, vulgar and generally preadolescent screeds. The most nasty and vicious one are clearly from paid disinformation types, but the rest of you, please try to stick to facts and reasoned opinions instead of using the thread to vent your moronic emotional reactions. have a nice day.
btw, collapsenet is one of the best sites on the internet (up there with zerohedge)
tyler-why is there not more coverage on the current wall st. protest; you made sure the greek soap-opera was well dramatized?
BTW, anybody got the story on this guy? Why would he feel so compelled to state the obvious on international TV?
So this is how Tyler looks like!
No, Goldman Sachs don't rule the world! We at Zero Hedge rule the world!
doesn't anyone think it's curious that right after this guy's end of the world video started going viral all the asset markets have moved dramatically in the opposite direction of his prediction? gold, silver, crude, grains, indices, euro all big up. bonds, dollar all big down. imho, he has mud on his face and won't likely be appearing on bbc again any time soon.
What a moron. Managed to nail the low in the Dow with this ridiculous tv performance. Fcking pikey! " Goldman sachs rules the world" hahaha - amateur. I wouldn't put this slick haired snake in a cheese cabinet let alone a trading desk.
ZH mentioned at Reuters:
http://blogs.reuters.com/felix-salmon/2011/09/27/is-alessio-rastani-a-ye...
The hell! CNBS posts this story today...
"Greek Parliament Approves Unpopular Property Tax"
But nowhere in the story does it say what the tax is, is it a new tax where none existed before? Is it an increase on an old property tax? How much will it raise? Who will it hit and how hard? So typical of MSM reporting, give the impression something is being done but then NO details in a full page story.
London Telegraph posted this headline regarding our friend in the BBC interview:
BBC financial expert Alessio Rastani: 'I'm an attention seeker not a trader'
http://www.telegraph.co.uk/finance/economics/8792829/BBC-financial-expert-Alessio-Rastani-Im-an-attention-seeker-not-a-trader.html
A breath of fresh air. I'd worry about my safety.
Without being a sycophant, hats of to Tyler and crew
for a great site and service.
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Looking for Tyler's post, a flowchart of Goldman Sachs former employees in top positions in Europe, to send to a friend.
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Pretty much agree, but how could he not mention gold and silver? And other thing: owning bonds is a very very bad idea. If you own any bond, get rid of it. In fact, a superb speculation is to short bonds from now to 2015. Fortunes can be made shorting the bonds bubble.
Bt the way, those of you who think Goldman Sachs -or Lemman Brothers for that matter- don't own the world think again. All new techocrat unelected european goberments are run by Goldman Sachs ex-employees, and so is the new economy minister in Spain.
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