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Monday
Sep262011

London Trader - "Eurozone Markets Are On The Verge Of Collapse - Banks, Companies And Hedge Funds Are All Pulling Out Their Assets" (BBC Interview)

BBC Video - Trader Alessio Rastani - Sep. 26, 2011

The BBC interviewer seems visibly shaken by Rastani's statements - Runs 3 minutes.

"Listen, I would say this to everybody who is 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 is going to grow and it's going to be too late.  What I would say to everybody is, get prepared. This is not a time to wishful think that the government will 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 do the big funds."

 

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Reader Comments (6)

Similar moment to Greenspan's "that's some scary shit" speech...is this guy saying keep cash and T-bills, but did not mention gold? Hmmmm...

Farmland? check
Guns and ammo? check
vegie garden seeds? check

Luv his GSuchs rules the world comment...
Sep 26, 2011 at 3:31 PM | Unregistered CommenterJosie
Now that was pretty dramatic, to say the least.
Sep 26, 2011 at 5:09 PM | Unregistered CommenterShorebreak
Sep 27, 2011 at 3:12 AM | Unregistered CommenterMorton
smelled fishy coming from the BBC news
Sep 27, 2011 at 7:52 AM | Unregistered CommenterJim
Where have is seen such clinical cynicism before? Ah, here it is...

http://www.youtube.com/watch?v=qwicLgOGJOI
Sep 27, 2011 at 8:44 AM | Unregistered CommenterCheyenne

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