Speaking on the BBC news this morning, stock market trader Alessio Rastani left the studio open mouthed as he laid out his version of the world’s current economic crisis to the watching public. A view that many would wholeheartedly agree with.
It was at this stage that you got the feeling that he was going to give out a bit more information than the BBC was prepared for.
He then said that those major players also do not care about the state of the European or world’s economies, they were moving their money into the safe havens of all denominations of US Treasuries and the dollar.
When asked to pin down the things that would keep investors happy in today’s economic climate Alessio just said very candidly that he was a trader and, like most traders, didn’t care as long as he made money. In fact he said that he had always dreamt of a recession because of the money making opportunities that recessions offer.
You could almost hear the researcher who had recommended Alessio to the news team chewing his/her knuckles as the transmission went out.
He also said that anyone could make money in this environment and pointed to hedging strategies and buying Treasuries. ‘I go to bed every night, I dream of another recession,’ he said
He then said that it wasn’t governments that rule the world, ‘Goldman Sachs rules the world’ he said. And Goldman Sachs doesn’t care, he added.
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Tags: alessio rastani, bbc, bbc news, goldman sachs, investments, News, the markets
Do you have an opinion Jeff or are you just reporting the event?
Do you agree or disagree with what he said?
Why does The Economic Voice exist if not to wake people up to what is coming?
Lets face it, like it or not this guy Alessio is speaking the truth and a truth that a lot of us know, its just that no-one has talked about it so candidly in the public media.
[...] [1] Jeff Taylor, “Alessio Rastani gives the BBC more than they bargained for” The Economic Voice (26 September 2011). http://www.economicvoice.com/alessio-rastani-gives-the-bbc-more-than-they-bargained-for/50024060#axz…. [...]
Hi Phil, good questions.
He is right, the world’s economy is set for a crash …soon! And the banks do run the world, just look at what is happening around us.
A Goldman (aka CIA) spokesman telling everyone to “move into US treasuries”….
What a clown!
What will a US treasury be worth when the United States collapses, Alaska goes independent, and Texas secedes?
Rastani makes me laugh out loud. And most people are so naive; they’re actually taken in by this guy.
OMG, Obaama must be really desperate!!!
(Vote Ron Paul!)
It’s about time a news outlet had someone on who is not afraid to tell it like it is. A much needed wakeup call for many. At least this one gave some hope to people by telling them that they, just like millionaire traders, can also come out of this alright.
I don’t have a lot of money, but I do know about “buy low sell high”, and that markets run in cycles (what goes up must come down and vice versa). When markets crash, that’s when I put my money in, because 20 years down the line, I will make a profit from my investment, so I don’t need to have sleepless nights when markets go down like this in a relatively short window. For those who have much shorter investment horizons (near retirees) he also provides advice on keeping assets safe and protected through this.
I hope they invite him on again sometime!
It is this lot that is actually destroying our economy, completely unfit to play with our money.
hahaha these are the guys that give a bad name to all the Banking industry. buying US treasury bonds??? This guy is a joke…anyway, don’t listen to a guy that was only acting on the view of capitalising his shorts…that is why he dreams of a recesion where most of the people would suffer and where he would capitilaze from that suffering.
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