BBC Speechless As Trader Tells Truth The Collapse

cornbread · #1 09/27/11, 08:53 AM

BBC Speechless As Trader Tells Truth The Collapse Is Coming And Goldman Rules The World

http://www.zerohedge.com/news/bbc-sp...an-rules-world

A trader tells the BBC that the stock market is dead, nothing is going to stop it, and all should prepare themselves for that reality. Said people are going to lose their savings in less than 12 months.

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.

D Lynn · #2 09/27/11, 11:30 AM

Why do people always act so stunned and surpised when they hear comments like that?

Like, "Hullo.....!"

7thswan · #3 09/27/11, 12:18 PM

I heard about this on Glen Beck this morning.GB has been saying the same thing for a long time.

mrpink · #4 09/27/11, 02:38 PM

where's the news in this story? if you have money in the market learn how to protect it. learn how to make money when the market is up or down. learn to protect your capital. basically be prepared.

fordy · #5 09/27/11, 03:36 PM

...................He said too invest in US Bonds and the dollar.......So , why would the US monetary system not be subjected too the same financial pressures as the rest of the world ?
...................We've already taken taken a large loss on the housing market , so I'm trying to visualize what it would be like too purchase groceries with either silver or gold , IF , US currency becomes worthless as a medium of financial exchange . , fordy

plowjockey · #6 09/27/11, 06:23 PM

Seemed to me, that the guy was really saying, that you really should be "playing the markets", during the upcoming "crash".

Imagine a commisioned trader, saying such a thing.

Complete rubbish, unless you into hedge fund trading, then he is restating the obvious..

arabian knight · #7 09/27/11, 06:47 PM

And yet just last week Apple's stock hit a All Time High. That high was over $408 a share.
So somebody is buying that is for sure.

YuccaFlatsRanch · #8 09/27/11, 06:50 PM

I'll take silver and gold thank you!!!

tarbe · #9 09/28/11, 08:20 PM

Land and lead.

**Shrek** · #10 09/28/11, 08:59 PM

I don't see anything new about it. Anyone who invests knows that buy low , sell higher is the way to invest and some have a knack for guaging the best times to step in and jump out and the gamblers guts to make the bet, while others are just financialy weak and often greedy fish to be fed off of in the investing pond as they swim in the wrong direction or give off the wrong sgnals to the stronger ones swimming the same waters.

In the 1930s here a fella bought up a load of investments for 10 to 15 cents on the dollar using silver left to him by his father. Over the last few years the mans grandson is doing his own version of the same.

I have known the grandson all my life and without reviewing county property ownership records nobody would ever know he was anything more than any other local redneck and my father and grandfather said the same applied to the man's father, grandfather and great grandfather.

It's always the quiet ones content with living life pretty much as those around them , keeping the wrinkles out their belly while remembering the times of wrinkled bellies who tend to be the most successful.

fishhead · #11 09/29/11, 08:09 AM

The stock market is basically a way for the money skimmers to skim money off the economy without producing anything. They have been encouraging grandma to invest just so they can get some of her money.

Watch "The Crash of 1929". They said that it was common for wealthy stockholders to push the price of stocks up through inside trading and when it got high enough they would cash out taking all the money invested by working class Americans with them.

Businesses can be financed through the banking system.