BBC Speechless as Trader Tells Truth

First off, let me start by saying, this was uploaded to Youtube in 2011, so it may have already been posted. I did use the search function, but couldn't find it.

A friend of mine posted this to his Facebook wall, I had never seen it, and to be honest, it has left me as stunned as the BBC interviewer.

I don't really know what to say at the moment, I have just woke up and have to get ready to go to work, I am going to think about what this guy just said during the day and get back to this thread when I get home.

If it has been posted, if someone could link to the original thread so I can contribute there and the mods can lock this one, thanks.

This is 2 years old at least.

Information is all still relevant tho.

Brave man...

"The way you approach a recession,
is,
as a human being,
is different as you would as a trader."
Rastani nods head grimly.

Interviewer: "So traders aren't human beings."

Rastani: nervous laugh. "The jury's out on that one. Right?"

...

"A recession can be horrible. Yes. It's a tough time.

...
As a human being you don't want it.
As a trader you think differently.
As a trader you think 'ok. you're gonna have one of the most volitile and possibly trending conditions to make money in that market."

Interviewer: You're a Rastani, You're an Italian Iranian.

Host: He does seem to have a divided opinion.

"The savings of milion people will be gone in next 12 months"
Oct 3, 2011

Another doom porn broker.

reply to post by xavi1000


Will be interesting to see if it does happen once the debt ceiling date comes around. How many times can it be breached before it all hits the fan. Where will the money to pay it off come from? More borrowing? Where will the money to pay the new borrowing come from? Bail In and skim off the top off peoples' savings like Cyprus? Why the freezes on international transfers? Even if the US pulls through and past the 17th, what happens when the next ceiling comes around - because it will.

From his youtube channel,
last week.

Apparently the contractor building the bunkers for the royal family in the UK went broke so they had to bring in someone else. This has put things back a couple of years. All good now though, cue financial collapse in 10, 9, 8, 7 .....

xavi1000
"The savings of milion people will be gone in next 12 months"
Oct 3, 2011

Another doom porn broker.

Eh, what about many in Cyprus? And probably others elsewhere in Europe? That small quote of yours is not predicting the end of the world.

reply to post by woogleuk


sounds a lot like gerald celente.
we could buy gold and silver but i think it would be wiser to learn how to live off the land. get to know your neighbors because we will need each other to survive a real bad recession. buy camping supplies.

even if the worst doesn't happen, you can still go camping.

I think he was basically right but he wasn't aware of the lengths they would go to prop up the markets. His quote about Goldman Sachs running the world I thought was particularly spot on. Do what they do and you'll probably make money if you hold out long enough.
Protecting your assets still makes sense. The bank can't repo your home if your loan is paid off. Better to use that money in the bank to do that or pay off your car than risk losing it to government confiscation or inflation.

reply to post by woogleuk

This was predicted 2000 years ago.