BBC Speechless as Trader Tells Truth

Stunning admission of truth by a Wall Street trader. Here's the transcript:

Alessio Rastani: ...it's gonna crash and it's gonna fall pretty hard. Because markets are ruled right now by fear. Investors and the big money, the smart money ...I'm talking about the big funds, the hedge funds, the institutions, they don't buy this rescue plan. They basically know that the market is toast. They know that the stock market is finished, the Euro as far as they're concerned they don't really care, they're moving their money away to safer assets like Treasury bonds, 30 year bonds, and the US dollar. So it's not gonna work.

Maxine Croxall: We keep hearing that whatever the politicians are suggesting -- it's all been rather wooly -- isn't right. Can you pin down exactly what would keep investors happy, make them feel more confident?

Alessio Rastani: Ah, that's a tough one. Personally, it doesn't matter. I'm a trader, I don't really care about that kind of stuff. If I see an opportunity to make money, I go with that. So for most traders we don't really care that much how they're going to fix the economy, how they're going to fix the whole situation. Our job is to make money from it and personally I've been dreaming of this moment for three years. Personally, I have a confession to make, I go to bed every night and I dream of another recession. I dream of another moment like this. Why? Because people don't seem to maybe remember, but the '30's depression, the Depression of the '30's wasn't just about a market crash. There were some people who were prepared to make money from that crash and I think anybody can do that. It isn't just for some people in the elite, anybody can actually make money, it's an opportunity. When the market crashes, when the Euro and the big stock markets crash, if you know what to do, if you have the right plan to set up you can make a lot of money from this. For example, hedging strategies is one, then investing in bonds, Treasury bonds that sort of stuff.

Maxine Croxall: If you could see the people around me, jaws have collectively dropped at what you've just said. I mean we appreciate your candor, but it doesn't help the rest of us does it, or the rest of the Eurozone.

Alessio Rastani: I will say this, listen. I would say this to everybody who's watching this, this economic crisis is like a cancer. If you just wait and wait thinking this is going to go away, just like a cancer it's gonna grow and it will be too late. What I would say to everybody is get prepared. This is not a time right now to wishful think that the Government is going to sort things out. The Governments don't rule the world, Goldman Sachs rules the world. Goldman Sachs does not care about this rescue package neither does the big funds. So actually, I would actually tell people, I want to help people. People can make money from this, it isn't just traders. What they need to do is learn about how to make money from a downward market. The first thing people should do is protect their assets, protect what they have because in less than 12 months, my prediction is that savings of millions of people is gonna vanish and this is just the beginning. So I would say, be prepared and act now. The biggest risk people can take right now is not acting.

Maxine Croxall: Alessio Rastani thank you very much for talking with us.

Category:

News & Politics

Tags:

• wall
• street
• economy
• economic
• collapse
• financial
• alessio
• rastani
• assets
• savings
• silver
• gold
• copper
• alex
• jones
• mike
• maloney

[theoferrum]

He says the markets are gonna crash before August...

[D33Lux]

@theoferrum No one knows for sure. The world's economy & politics is a very complex thing, even some of the people who know about economic trends & financing can't pinpoint exactly when, what, when, how thing are going to play out. One things for sure, we live in a finite universe & newton's law is a mathematical certainty & just like Rome & every other civilization it will have its time. Just make sure you've got your food & supplies...etc Be well.

[sscot720]

What I want to know is.. why is no one commenting on the fact that this guy is such a vulture.. he just "prays" for opportunities for recessions and depressions so that He, and his close cohorts can cash in on it..what about all the rest of the people who suffer from the economic crash.. it's disgusting..

[D33Lux]

@sscot720 Have you ever shopped at walmart? Better question do you shop local? You understand that as a consumerist, capitalist you're supporting the exploitation of someone in another country. Chinese workers are paid 25 cents per hour & can't take bathroom breaks so they end up urinating themselves while standing on the assembly line, suicides are high all to bring us all cheap goods. We're all guilty on some level, this guy is just amazingly blunt with his honesty. Dog eat dog world

[jetztisfeierabend]

30 year bonds and us dollar as a save place to be...its true what he sais about goldman sachs but the only safe place to be is gold and silver, and the smart money knows this

[D33Lux]

@jetztisfeierabend Yes gold, silver, platinum, palladium, copper...etc are all better that paper dollars. People forget how much man power, energy, time it takes to get these commodities to our hands, what's even more daunting is how very little there is as we live in a finite universe & supplies will eventually run out. The same could be said about fresh water & oil. Food, medical, toiletries...all these items we take for granted should be stocked up on, same with guns.

[ranchdawg1]

I also don't agree with buying bonds and treasuries, esp. U.S. We're the most indebted nation in all world history, what's that tell ya? Buy gold, silver, anything good for barter (even nuts & bolts, anything people will need), liquor is another good one, people will want to drink, & cigarettes. Of course you should stock food, water, guns & ammo to protect your stuff. Accept the Lord into your life and prepare. What else can you do?

[Richardgwm]

If the captain of that Italian cruise ship had been a Wall Street banker, he would have been paid a $30 million bonus for sinking that ship.

[sebek23b]

@D33Lux remind me where is the rich socialist country where 9 of 10 ppl are rich? In china 30 years ago ppl were eating pig fodder because that was every thing that they could afford. Yes there are factories that exploit ppl like there are con artist. No regulation law can wipe them. (con artist) JUST Don't buy from foxconn... Guy just said truth, some ppl lose some ppl gain there is no mystery behind this if you understand economy. The question is who make this crisis ? A:Government

[RebelRadius]

I don't credit much information from the BBC. Period.

[07084935]

if I would order Silver it normally takes 3 days to receive it. But lately it almost takes 3 months to receive the silver. mine supplier told me it’s getting more difficult to get their hands on silver because the demand is much higher than the offer

the value of silver isn't increasing because banks like JP Morgan and Goldman Sachs are manipulating the silver and gold markets

There is more silver and gold being digitally sold than physically present. this way, the prices are being kept low