BBC Speechless As Trader Tells Truth: "The Collapse Is Coming...And Goldman Rules The

[Welshy]

lqN3amj6AcE

While I'm not shocked by what he said, I'm quite surprised that he was so honest about it.

[bricolage]

this guy goes in arrrrrd

[Rusty Shackleford]

Two points.

1: i want to thank him for at least being real about his position and saying that capitalists find ways to profit off of anything.
2: i want to punch him square in the face for being one who finds a way to profit off of any situation.

[Ostrinski]

I admire this guy so much, precisely because of how unapologetic he is. This means striking fear into the hearts of everyone who thinks that capitalism can facilitate reform.

[Mather]

I was more spooked out by they way he came across rather than what he said. His emotionless face and those empty lifeless eyes. The fact that he was like this when talking about how people will suffer under this economic crisis means that he is most likely a sociopath.

But I'll give him credit for being an honest sociopath.

[Ostrinski]

I was more spooked out by they way he came across rather than what he said. His emotionless face and those empty lifeless eyes. The fact that he was like this when talking about how people will suffer under this economic crisis means that he is most likely a sociopath.

But I'll give him credit for being an honest sociopath.I don't know that I'd call him a sociopath, simply a capitalist. What makes him different from any other capitalist, other than the fact that he's willing to be honest about it?

[Dire Helix]

What an awesome dude. I like his honesty - capitalists are out to make money and they won`t stop at anything. He rubbed it straight in the face of all those fools who still think capitalism is a humane system somehow.

[Seth]

Isn't this just what libertarians have been saying forever? Not only the ethics of making money but the collapse.

[ВАЛТЕР]

If it collapses, how will they remain rich?

Also, fuck it, just let it crumble as horribly as possible. Destroy their beliefs in their inhumane system once and for all.

[Hexen]

A minor correction: It's the system itself, Capitalism that rules the world and Goldman Sachs is only apart of it.

[Mather]

I don't know that I'd call him a sociopath, simply a capitalist.

There have been studies showing that CEOs, politicians, businessmen etc have more sociopaths than other professions. Of course not every member of the capitalist class is a sociopath, but given capitalisms sociopathic character it does not suprise me that the ruling class has its fair share of sociopaths.


What makes him different from any other capitalist, other than the fact that he's willing to be honest about it?

It is not what he said but how he said it.

I am not officially diagnosing him as a scoiopath as I am not qualified to do that, just that looking at how he comes across in the video seems to convey (to me at least) that he is a sociopath.

[ckaihatsu]

'Protecting your assets' is not exactly 'an opportunity to make money in a down market'. Kind of a disconnect there....

(Maybe he's suggesting that people value and cling to their crumbs instead of organizing and building up their / our *own* collective political capital...!)

[redtex]

Guys like that, those guys, are the reason I became a communist. Fuck guys like that! I appreciate his honesty, but it doesn't make up for the fact that he doesn't have an ounce of compassion in his heart and only thinks about how he can profit off the suffering of others.

[ckaihatsu]

It's also bourgeois factionalism and marketing in action -- he's the European-type 'expert' who's lending his political support to taking safe haven in U.S. Treasuries and abandoning the Euro.

[Rusty Shackleford]

A minor correction: It's the system itself, Capitalism that rules the world and Goldman Sachs is only apart of it.
well, remember that bourgeois culture leads to labeling individuals or individual institutions as the 'cause' or 'surce' or whatever instead of looking at the whole dynamic. Bourgeois philosophy is mechanical and attempts to isolate things into to its very 'purest' form or 'essence.' To them the protestants are all simply caused by Martin Luther's 99 theses. To them, WWII was caused by Hitler. To them, WWI had all of its roots in the assasination of the arch duke and the blank check given by Austria to Germany to do what it needed.

[tfb]

I can't link to this guy's site because I don't have enough posts here (it's called Leading Trader), but he's selling some kind of training program thing for traders. When he's talking on the BBC about how anyone can do what he does, he's advertising that program. This isn't candour.

Not that what he said isn't true too, though. He just has a bad motive for saying it.

[Delenda Carthago]

political propaganda on the comments is a free gift for a revolutionary.

[Post-Something]

This is interesting, but I don't really think he is a real trader. A lot of activists play these kinds of subversive games with the media, and I have a feeling he just managed to get himself on the show on a whim. Ill give you an example to show this is common. One of my lecturers at university is called Greg Philo, and he's specializes in media. In the class we have to spend a day trying to see how many letters we can get published in the newspapers that day. He told us a story of how last years groups took it too far and phoned in on a show called the wright stuff and pretended to be bankers, saying stuff like "you voted for capitalism!" blah blah blah. It caused an outrage. I mean, if you can get students to do it that easily, imagine groups that are set up specifically for the reason, and what they can achieve? So yeah, I have a feeling this is just subversion.

[The Jay]

There is no way that you have enough information to label him a sociopath or heartless. If you look at it in terms of profit, he's completely rational. Rationality doesn't mean sociopathy, nor does it mean heartlessness. That said, I think his time and money would be better spent helping society rather than trying to get ahead.

[cb9's_unity]

So this guy is a bourgeois truth teller who see's upsides in massive capitalist collapses while confounding naive Britons? Karl. Marx. Reincarnate.

[Le Socialiste]

Damn...he didn't hold back, did he? :blink:

[piet11111]

There is no way that you have enough information to label him a sociopath or heartless. If you look at it in terms of profit, he's completely rational. Rationality doesn't mean sociopathy, nor does it mean heartlessness. That said, I think his time and money would be better spent helping society rather than trying to get ahead.

Sociopath means lacking moral ethics and social responsibility.
While we can not say this guy is a sociopath it actually does describe the system of capitalism really well as illustrated by the behaviour of the banksters.

[Aspiring Humanist]

uhh guys...I think this guy is one of the Yes Men...you know, the guys who impersonated a DOW Chemical rep and stated that DOW was going to pay the Bhopal victims reparations and made DOW lose like 2 billion dollars...I think this is satire.

LiWlvBro9eI

[Mindtoaster]

This guys a trader, he profits off of market volatility... Volatility which is caused by fear

This guy is probably betting against the market and stands to benefit from causing fear and uncertainty on a public stage... I wouldn't get to excited about the prospect of collapse based on this guy's word. I've seen shit tons of douche bags like this before

[Post-Something]

uhh guys...I think this guy is one of the Yes Men...you know, the guys who impersonated a DOW Chemical rep and stated that DOW was going to pay the Bhopal victims reparations and made DOW lose like 2 billion dollars...I think this is satire.

LiWlvBro9eI

I knew I recognized him from somewhere!!

[Martin Blank]

This isn't one of the Yes Men, as far as I can tell. This guy is one of those "day trading" speculator gurus. He runs a website (www.leadingtrader.com), giving out stock tips and advice. If this was one of the Yes Men, they went all-out to give him a back-story and lots of credibility.

[Rusty Shackleford]

I know of a handful of these types that exist buying adspace all over the internet to hawk their products or whatever.

all of them very doom-oriented.

[Os Cangaceiros]

hahaha that dude went hard for the hood.

He kind of reminds me of Peter Schiff's periodic media appearances: "we're all fuuuuuuucked, buy gold nuckas!"

[The Jay]

Sociopath means lacking moral ethics and social responsibility.
While we can not say this guy is a sociopath it actually does describe the system of capitalism really well as illustrated by the behaviour of the banksters.

No, a sociopath is someone who has a chemically caused lack of empathy, an actual psychological condition. It is not some kind of mindset as you seem to be indicating.

[RadioRaheem84]

I don't know what to think. At first I thought he was Yes Men. I thought BBC was scammed again.

Then when he was being really serious I thought that this guy has to be like a Gerald Celente type of dooms day guy.

But he is a real trader not one of these newsletter hounds telling you to buy gold from a third party.

So I take his word seriously but not that seriously.

[Hexen]

well, remember that bourgeois culture leads to labeling individuals or individual institutions as the 'cause' or 'surce' or whatever instead of looking at the whole dynamic. Bourgeois philosophy is mechanical and attempts to isolate things into to its very 'purest' form or 'essence.' To them the protestants are all simply caused by Martin Luther's 99 theses. To them, WWII was caused by Hitler. To them, WWI had all of its roots in the assasination of the arch duke and the blank check given by Austria to Germany to do what it needed.

So that's where the entire "Big Bad villains (http://tvtropes.org/pmwiki/pmwiki.php/Main/BigBad)" concept came from that we see again and again in fiction (from many films/books/comics/etc), I think I just had another epiphany including the way most fiction portrays socialism/communism as the "lost of individuality" which represents capitalists fears of "joining the community with everyone else".

So in reality, there is no really no singular Big Bad villain but instead it's the system itself that's the problem which is a completely scientific point of view while bourgeoisie philosophy has a irrational point of view that rather wants to point figures at individuals (as if a child saying "s/he did it!" to avoid getting in trouble...of course it's actually nothing more than the Tu Quoque fallacy (http://en.wikipedia.org/wiki/Tu_quoque) which is also the very same victim blaming tactics that abusers/rapists use against their victims as a attempt to walk free so they can rape/abuse more and more people) instead of analyzing the system that got themselves there in the first place (Of course the bourgeoisie are afraid to do because they benefit from the system and the workers are brainwashed with those views projected at them mainly via conspiracy theories and fiction and such).

[Tim Cornelis]

uhh guys...I think this guy is one of the Yes Men...you know, the guys who impersonated a DOW Chemical rep and stated that DOW was going to pay the Bhopal victims reparations and made DOW lose like 2 billion dollars...I think this is satire.

LiWlvBro9eI

Top comment on the video:

Robert Preston, Biz editor of BBC, just tweeted: "We spoke to the trader again this morning, & as far as we can tell he is a genuine independent trader, not a member of YesMen"

[RedAnarchist]

There's an article on BBC News about the doubts about this guy - http://www.bbc.co.uk/news/business-15078419.

[EvilRedGuy]

No, a sociopath is someone who has a chemically caused lack of empathy, an actual psychological condition. It is not some kind of mindset as you seem to be indicating.


Which is exactly what a capitalist is.


:rolleyes:

[agnixie]

"Ich weiß nicht, was ein Mensch ist. Ich kenne nur seinen Preis."

[Jimmy Haddow (SPS)]

from the British Independent

The trader who lifted the lid on what the City really thinks

One man reveals how economic disaster would let him and his colleagues profit
By Tom Peck
Tuesday, 27 September 2011

The world may be teetering again on the precipice of economic disaster but those with any investment in the popularity of Alessio Rastani, a hitherto unknown "independent trader", had a worse day than most after his memorable appearance on television yesterday morning.

"I have a confession, I go to bed every night and I dream of another recession, I dream of another moment like this," he told dumbstruck BBC News presenter Martine Croxall, when asked if the proposed eurozone bailout would work.
The interviewer thanked the trader for his candour but told him that "jaws had dropped" around the BBC newsroom while they listened to his answers shortly after 11am.
"I'm a trader," he said. "We don't really care whether they're going to fix the economy, our job is to make money from it.
"The 1930s depression wasn't just about a market crash," he added. "There were some people who were prepared to make money from that crash. I think anyone can do that. It's an opportunity."
The three-minute clip quickly spread online, provoking outrage. In the interview, Mr Rastani went on to advise "everyone watching this" that, "This economic crisis is like a cancer, if you just wait and wait hoping it is going to go away, just like a cancer it is going to grow and it will be too late."
He said it was "wishful thinking" to believe that governments could prevent another recession.
On his Twitter profile Mr Rastani describes himself as an "experienced Stock Market and Forex trader" who is "dedicated to helping others succeed".
Some were as quick to praise him as others were to damn him. Comments on his Facebook page included: "Great interview" and "talk about the truth," while others described Mr Rastani as a hero.
The current crisis bears considerable similarity to that which engulfed the world in 2008, though thus far it lacks the talismanic hate figure generously provided in the form of the former RBS chief Sir Fred Goodwin. The slick-haired, pink-tied and American-accented Mr Rastani may yet fill the void.
Quite how much he personally stands to gain should the financial world collapse again is unclear. The profile on his website, Leadingtrader. com, would suggest he is more reliant on "professional speaking" than his wizardry in the money markets to keep in him in hair gel. But after his performance yesterday it may just be that, like the eurozone, that particular sideline is beyond salvation.
"My belief is that anyone who wants to improve their income and achieve success in life, cannot afford to ignore learning how to trade," he says.
"Based on Alessio's sound advice, I pulled my money out of the markets just before the 2008 stock market crash. He saved me a fortune, not to mention my pension!" claims a client named as Maurice E.
Though Twitter users were quick to pick up on Mr Rastani's outburst, his dire forecast went mysteriously unnoticed by the wider financial markets. Shares in French and German banks rose by as much as 10 per cent, as traders analysed a proposed three trillion euro (£2.6 trillion) rescue package for the single currency.

[ckaihatsu]

uhh guys...I think this guy is one of the Yes Men...you know, the guys who impersonated a DOW Chemical rep and stated that DOW was going to pay the Bhopal victims reparations and made DOW lose like 2 billion dollars...I think this is satire.

[YOUTUBE]








Though Twitter users were quick to pick up on Mr Rastani's outburst, his dire forecast went mysteriously unnoticed by the wider financial markets. Shares in French and German banks rose by as much as 10 per cent, as traders analysed a proposed three trillion euro (£2.6 trillion) rescue package for the single currency.


He's, um... he's *auditioning* to be a socialist (and/or Yes Man activist)...!

(!!!)


x D

[Obs]

Shit, I'd believe this guy on the apocalypse sooner than I'd believe Charles Taze Russel.

[KurtFF8]

The Yes Men have denied he is with them at least:
http://news.yahoo.com/blogs/cutline/bbc-victim-hoax-no-yes-men-154724196.html;_ylt=AtGwZ0wzu1hRsGXjs46JbJCs0NUE;_ ylu=X3oDMTNqZ3JyaTJlBGNjb2RlA2N0LmMEcGtnAzUwODI1MD gxLTU3NjEtM2UyOC1hMTQ3LTNiMWUxNmY0ZTg2MgRwb3MDNgRz ZWMDbW9zdF9wb3B1bGFyBHZlcgNlMjI0Y2NmYi1lOTIxLTExZT AtYjZmZC1mMzA4ZDdhNjEyZTA-;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRw c3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

[Zostrianos]

Unfortunately, it seems he's a fraud:
http://www.telegraph.co.uk/finance/economics/8792829/BBC-financial-expert-Alessio-Rastani-Im-an-attention-seeker-not-a-trader.html

[Ligeia]

Here's another interview (http://www.forbes.com/sites/emilylambert/2011/09/27/trader-or-prankster-we-called-alessio-rastani-and-asked/).

[citizen of industry]

You should see the bourgeoisie media now. They're trying to claim he was in a hoax group (the yes men) and that the whole thing was a prank: http://news.yahoo.com/blogs/cutline/bbc-victim-hoax-no-yes-men-154724196.html

Something he himself denies, the yes men deny, and the media admits they couldn't find any evidence for. But, it must be a prank, because capitalism surely can't be bad! So let's make some shit up. WTF!

[Lanky Wanker]

Just had this emailed to me in a petition thing. I was also quite surprised at his honesty instead of trying to bullshit people.

[human strike]

I think he's an arrogant attention-seeking prick.

Oh and in fairness he does look like that guy from the Yes Men and that is what I thought it was at first - but it isn't, this guy does talks and shit professionally, apparently.

[Catma]

The thing is this guy is still trying to bullshit people. Hes using the "tell it like it is" image, with an increasingly popular anti-trader, anti-wall street meme. His target audience is the arrogant, stupid money that agrees with him: "yeah, I don't care, I just want to make money, and I can because I'm better than everyone else." And then they listen to his dumb advice designed to benefit his own portfolio,bor buy his book or whatever.

[RadioRaheem84]

He's an attention seeking wannabe big time independent trader who got lucky enough to appear on BBC.

He is just a day trader like every other workforce dropout in their late 20s early 30s. They're trying to vamp up enough attention for themselves in order to sell a scam-ish newsletter.

But what he said was honestly what a lot of independent traders think. That's the key.

Establishment was just ticked off by his arrogance and now they're doing damage control.