BBC left speechless when trader tells the truth @ the coming worldwide economic collapse

[Are_grits_groceries]

http://www.youtube.com/watch?v=hXFAaECcmqs

I am sure this trader also has an agenda. However, his comment that Goldman Sachs rules is spot on IMHO. I would amend it to add more companies.

I would like to know what kind of investments our 'concerned' Congresscritters have invested in. I'll bet a lot of them have some way to profit on the market crash. The Teabooers are playing right into their hands. By pushing for cuts, their reps can piously make the claim that they are only representing their peeps. All the while, they know they are making the situation worse. Some of the new reps may even be too stupid to see how they are being played.

It's a sad mad sad mad world!

[PCIntern]

1. Whoa Nellie!

He was quite convincing...I'm speechless.

[salin]

2. Gov'ts don't rule the world, Goldman Sach's does... says he.

Frightening world view.

[Dover]

7. Well, if you had watched the movie Network it might have softened the blow.

It laid it out pretty convincingly...

[blindpig]

11. Hardly a new one...

Finance is the big dog of Capital in these late days of capitalist development, it is as Marx had said.

[KurtNYC]

8. He's talking about the Euro and Eurozone

says the US dollar is safe.

Traders are very good at making themselves look good. They basically get paid to handle your money and part of getting your money is scaring you out of handling your own money.

[Are_grits_groceries]

12. Why do you assume the US

will be immune from a major problem in Europe? Yes, I heard him say they are buying American Dollars. That is not a guarantee when this system begins to shake. We are already vulnerable to the peoblems in Greece.

I would still like to know who in Congress would benefit from an economic collapse. He is right that if you know where to put your money, you can make a fortune in a disaster. That is one of the scariest parts of what he said. The people who are 'in charge' may be leading the country into a huge hole for their own benefit.

[KurtNYC]

13. Hedge funds, short selling, etc are the obvious plays on Eurozone

Germany may come out of this in much better shape than they are now. They are the #2 exporting country in the world (China, Germany, USA) and they just opened a rail line to China.

[Pale Blue Dot]

3. Kick nt

[trumad]

4. He was on the radio the other day debating a real economist.

the economist said he was full of shit and I agree.

[Are_grits_groceries]

5. Economists are not real high on my

list of reliable people these days. As I said, this trader probably has an agenda. However, I don't put much more stock in what economists say either. They all have pet theories and systems they ascribe to. We are in very uncharted waters with the speed at which changes move these days. I don't think many older models are that reliable.

[Harmony Blue]

9. I don't buy it

he flat out is saying his goal is to make money as a trader, which is the goal of capitalism. Maybe he is playing up the fear, so he can make more money, but what he says about people making money off of the Great Depression is historically accurate.

[Nictuku]

14. Alessio Rastani: Is BBC Market Trader Really Yes Men Founder Andy Bichlbaum?

http://www.huffingtonpost.co.uk/2011/09/27/alessio-rastani-hoax-on-bbc_n_983156.html

[nashville_brook]

6. "governments don't rule the world, Goldman Sachs rules the world."

holy shit.

[CanonRay]

10. Well, isn't the truth shocking

when you finally actually hear it.

[CoffeeCat]

16. Yes, this guy spoke the truth...

...and what he is saying is reflected in what is happening all around us.

People are attempting to discredit this trader. Yes, he makes his living off
of the markets--and he attempts to capitalize on the ups and downs. You can
have an opinion on whether or not that is good/bad or moral/immoral.

HOwever, this guy spelled out what we have been witnessing. "Goldman Sachs rules
the world, not the government."

It was Goldman Sachs who profited from the mortgage crisis. Are we actually going
to discredit this guy because we find it hard to believe that Goldman calls the shots?

Oh come on. According to the Washington Examiner, Rahm Emanuel received $80,000 in cash from Goldman Sachs
while in Congress. Former Goldman Sachs lobbyist Mark Patterson serves as Geithner's top deputy. He oversaw the
TARP bailout, including $10 billion that went to Goldman Sachs. Robert Rubin, former Treasury Secretary is
a former co-chairman of Goldman Sachs. And the list goes on.

We only have to look at the mortgage crisis, the implosion of the financial markets and the TARP bailouts
to understand that the banksters get whatever they want. They own our government.

This guy revealed the truth--and arguing about whether he's nice or a bad guy, or a liar--only deflects
from the fact that our democracy has been replaced by greedy, corrupt corporate power.

[donheld]

15. This needs a hard kick

[woo me with science]

17. K @R

[woo me with science]

18. Kick. nt