Alessio Rastini is an experienced stockmarket and forex trader in "the City" [London’s financial center]
Maxine Croxall is a BBC television interviewer
BBC Television News, September 29, 2011
Transcript of their conversation:
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Alessio Rastani: ...it's gonna crash and it's gonna fall pretty hard. Because markets are ruled right now by fear. Investors and the big money, the smart money ...I'm talking about the big funds, the hedge funds, the institutions, they don't buy this rescue plan [for the Euro and Greek debt]. They basically know that the market is toast. They know that the stock market is finished, the Euro, as far as they're concerned, they don't really care, they're moving their money away to safer assets like Treasury bonds, 30 year bonds, and the US dollar. So it's not gonna work.
Maxine Croxall: We keep hearing that whatever the politicians are suggesting -- it's all been rather wooly -- isn't right. Can you pin down exactly what would keep investors happy, make them feel more confident?
Alessio Rastani: Ah, that's a tough one. Personally, it doesn't matter. I'm a trader, I don't really care about that kind of stuff. If I see an opportunity to make money, I go with that. So for most traders we don't really care that much how they're going to fix the economy, how they're going to fix the whole situation. Our job is to make money from it and personally I've been dreaming of this moment for three years. Personally, I have a confession to make, I go to bed every night and I dream of another recession. I dream of another moment like this. Why? Because people don't seem to maybe remember, but the '30's depression, the Depression of the '30's wasn't just about a market crash. There were some people who were prepared to make money from that crash and I think anybody can do that. It isn't just for some people in the elite, anybody can actually make money, it's an opportunity. When the market crashes, when the Euro and the big stock markets crash, if you know what to do, if you have the right plan to set up you can make a lot of money from this. For example, hedging strategies is one, then investing in bonds, Treasury bonds that sort of stuff.
Maxine Croxall: If you could see the people around me, jaws have collectively dropped at what you've just said. I mean we appreciate your candor, but it doesn't help the rest of us, does it, or the rest of the Eurozone.
Alessio Rastani: I will say this, listen. I would say this to everybody who's 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 it's gonna grow and it will be too late. What I would say to everybody is get prepared. This is not a time right now to wishful think that the Government is going to 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 does the big funds. So actually, I would actually tell people, I want to help people. People can make money from this, it isn't just traders. What they need to do is learn about how to make money from a downward market. The first thing people should do is protect their assets, protect what they have because in less than 12 months, my prediction is that savings of millions of people is gonna vanish, and this is just the beginning. So I would say, be prepared and act now. The biggest risk people can take right now is not acting.
Maxine Croxall: Alessio Rastani thank you very much for talking with us.
This text and video of the interview are available at:
http://naturalnews.tv/v.asp?v=5EB5AE1587E1511154FCBF8366BD15EC
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Authenticity of Alessio Rastani and his statements is provided by the UK Guardian newspaper in an article that states:
"Rastini is small potatoes, but he's a real trader. And he said nothing that would suggest otherwise; he simply described what he does, more honestly than a true insider would, but quite accurately. "
-- the "Yes Man" column of The Guardian, September 29, 2011
online at : http://www.guardian.co.uk/commentisfree/2011/sep/29/alessio-rastani-no-prank
Maxine Croxall is a BBC television interviewer
BBC Television News, September 29, 2011
Transcript of their conversation:
= = = = = = = = = = = = = = = = = = = = = = = = = =
Alessio Rastani: ...it's gonna crash and it's gonna fall pretty hard. Because markets are ruled right now by fear. Investors and the big money, the smart money ...I'm talking about the big funds, the hedge funds, the institutions, they don't buy this rescue plan [for the Euro and Greek debt]. They basically know that the market is toast. They know that the stock market is finished, the Euro, as far as they're concerned, they don't really care, they're moving their money away to safer assets like Treasury bonds, 30 year bonds, and the US dollar. So it's not gonna work.
Maxine Croxall: We keep hearing that whatever the politicians are suggesting -- it's all been rather wooly -- isn't right. Can you pin down exactly what would keep investors happy, make them feel more confident?
Alessio Rastani: Ah, that's a tough one. Personally, it doesn't matter. I'm a trader, I don't really care about that kind of stuff. If I see an opportunity to make money, I go with that. So for most traders we don't really care that much how they're going to fix the economy, how they're going to fix the whole situation. Our job is to make money from it and personally I've been dreaming of this moment for three years. Personally, I have a confession to make, I go to bed every night and I dream of another recession. I dream of another moment like this. Why? Because people don't seem to maybe remember, but the '30's depression, the Depression of the '30's wasn't just about a market crash. There were some people who were prepared to make money from that crash and I think anybody can do that. It isn't just for some people in the elite, anybody can actually make money, it's an opportunity. When the market crashes, when the Euro and the big stock markets crash, if you know what to do, if you have the right plan to set up you can make a lot of money from this. For example, hedging strategies is one, then investing in bonds, Treasury bonds that sort of stuff.
Maxine Croxall: If you could see the people around me, jaws have collectively dropped at what you've just said. I mean we appreciate your candor, but it doesn't help the rest of us, does it, or the rest of the Eurozone.
Alessio Rastani: I will say this, listen. I would say this to everybody who's 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 it's gonna grow and it will be too late. What I would say to everybody is get prepared. This is not a time right now to wishful think that the Government is going to 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 does the big funds. So actually, I would actually tell people, I want to help people. People can make money from this, it isn't just traders. What they need to do is learn about how to make money from a downward market. The first thing people should do is protect their assets, protect what they have because in less than 12 months, my prediction is that savings of millions of people is gonna vanish, and this is just the beginning. So I would say, be prepared and act now. The biggest risk people can take right now is not acting.
Maxine Croxall: Alessio Rastani thank you very much for talking with us.
This text and video of the interview are available at:
http://naturalnews.tv/v.asp?v=5EB5AE1587E1511154FCBF8366BD15EC
= = = = = = = = = = = = = = = = = = = = = = = = = =
Authenticity of Alessio Rastani and his statements is provided by the UK Guardian newspaper in an article that states:
"Rastini is small potatoes, but he's a real trader. And he said nothing that would suggest otherwise; he simply described what he does, more honestly than a true insider would, but quite accurately. "
-- the "Yes Man" column of The Guardian, September 29, 2011
online at : http://www.guardian.co.uk/commentisfree/2011/sep/29/alessio-rastani-no-prank
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