Even some traders are starting to tell the truth.

[GliderGuider]

BBC Speechless As Trader Tells Truth: "The Collapse is coming; Goldman Sachs rules the world; the Eurozone is toast; the guys who matter don't give a shit as long as they can make money; the developing situation is like a cancer - ignore it and it will kill you (and the implication is that even if you pay attention it will kill you anyway); your savings have 12 months to live."

http://www.youtube.com/watch?v=lqN3amj6AcE&feature=player_embedded

[HereSince1628]

1. Some traders may sometimes tell the truth

but we have no way of knowing which ones.

[GliderGuider]

2. Oh, but we do.

It's just that those of us whose money is still on the table don't like the answer we're hearing.

[HereSince1628]

6. Sure you do. Just deal the cards again...

:rofl:

[geckosfeet]

3. My guess is, that if they are saying 12 months, it's more like 4 to 6.

[Sanity Claws]

7. Just before the 2012 election

so my guess is they want chaos and they want to be able to blame on Obama. If they are able to control the timing of the crash, the crash will be somewhere between August and mid-October.

Sometimes they can't time it perfectly. I think the 2008 crash occurred two or three months earlier than planned.

[geckosfeet]

10. Hmm. Interesting thought. 12 months puts us just a 6 weeks or so before the election.

4 to 6 months puts us far enough out so the RW bastards can campaign on an economic crash.

[no_hypocrisy]

4. It's *never* a lie when they say it's for the money.

[yodermon]

5. i saw this yesterday.. would love for it to go viral. nt

[nashville_brook]

8. this is the first video i've shared on FB in ages...I think the last one was a cute dog

[rsmith6621]

9. And Let Me Guess....Obama Doesnt Know...

....anything about this.

[KurtNYC]

11. He is talking about the collapse of the Euro -- NOT the US dollar

he even says that the dollar is a relative safe haven. When he says the "saving of millions will be wiped out" he is talking about those who have savings in Euros and in Eurozone based markets.

He is selling himself in this clip. Basically he says 'you should be scared' + ' you should look to me for guidance'. That is the same formula that religion and other doomsday prophets have cashed in on. That said, the collapse of the Eurozone is a given (Germany looks good though).

[GliderGuider]

13. When a rock that big gets dumped in the pool, everybody nearby gets wet.

I fully expect a critical-path failure cascade to ripple through the global economy at some point in the relatively near future. The signs have been there since 2005 or before, but the trigger mechanism has not been clear. The problem with a system that's as big and interwoven as the one we currently have is that there are so many possible starting points for a tear in the fabric - only some of which are obvious.

I don't think the this trader is just trying to pump the market. I think he's telling the truth as he sees it. It's just one data point of course, but on the other hand, if anybody with their retirement riding on the markets right now isn't just a touch nervous, they're in serious denial.

[jberryhill]

12. Man About Whom I Know Nothing Says World To End On Thursday /nt

[GliderGuider]

14. You never know when one of these guys one doesn't know might be telling the truth for a change.

His story is certainly different from the ones were hearing from the Obama/Goldfman economic cabal. Since I don't trust them any further than I could throw their Cadillacs, I'm inclined not to throw this baby out with their bath water just yet.

[ellenfl]

15. but what is safe? he didn't say how to protect ourselves.

name a financial instrument that will survive whatever is coming. how can anyone know what will be safe? maybe i'll invest in penguins. that's about as foolproof as any other investment and they're damn cute. :eyes:

ellen fl

[GliderGuider]

16. He's talking about trading, not investing.

There are no safe financial investments, as far as I can tell. I'm inclined to move towards land, tools and knowledge as safe investments with longer horizons.

[ellenfl]

17. i forgot about real estate. now is a good time to buy too. eom