SUBHEAD: Goldman Sachs rules the world and the Euro zone is poised to crash, according to trader Alessio Rastani.
By Staff on 26 September 2011 for Huffington Post -
(http://www.huffingtonpost.com/2011/09/26/trader-to-bbc-goldman-sachs-goldman-sachs-rules-the-world_n_981658.html)
Image above: Cover of book "Power and Money: How Goldman Sachs came to rule the world" by William D. Cohan. From (http://www.waterstones.com/waterstonesweb/products/william+d-+cohan/money+and+power+28ebook29/8598299/).
"This is not a time right now for wishful thinking that governments are going to sort things out," trader Alessio Rastani said on an interview with BBC on Monday morning. "The governments don't rule the world, Goldman Sachs rules the world."
The statement came towards the end of an almost three and a half minute interview in which Rastani warned viewers to "get prepared" for the inevitable: "The savings of millions of people are going to vanish" in less than a year, he said.
"This economic crisis is like a cancer, if you just wait and wait thinking this will go away, just like a cancer it's going to grow and it's going to be too late," he continued.'
Fear over the fragility of the European economy has become pronounced in recent weeks. Prompted in part by concerns that the region could enter recession and affect the global economy, stocks composing the Dow Jones Industrial Average suffered their worst week since 2008 last week, according to Reuters.
In spite of statements like Rastani's, Euro policymakers continue to press ahead with possible reforms. Currently, they are working to bolster their 440 billion-euro rescue fund, after being criticized by leaders from both China and the U.S. for letting Greece's debt crisis already wreak havoc on global stocks, according to Reuters.
But the crash will be good news for traders, Rastani told the stunned BBC anchors.
"For most traders we don't really care about having a fixed economy, having a fixed situation, our job is to make money from it," he said. "Personally, I've been dreaming of this moment for three years. I go to bed every night and I dream of another recession."
Rastani said traders aren't the only ones who can benefit from the crisis.
Video above: Alessio Rastani speaks to BBC about world economy. From (http://youtu.be/aC19fEqR5bA).
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By Staff on 26 September 2011 for Huffington Post -
(http://www.huffingtonpost.com/2011/09/26/trader-to-bbc-goldman-sachs-goldman-sachs-rules-the-world_n_981658.html)
Image above: Cover of book "Power and Money: How Goldman Sachs came to rule the world" by William D. Cohan. From (http://www.waterstones.com/waterstonesweb/products/william+d-+cohan/money+and+power+28ebook29/8598299/).
"This is not a time right now for wishful thinking that governments are going to sort things out," trader Alessio Rastani said on an interview with BBC on Monday morning. "The governments don't rule the world, Goldman Sachs rules the world."
The statement came towards the end of an almost three and a half minute interview in which Rastani warned viewers to "get prepared" for the inevitable: "The savings of millions of people are going to vanish" in less than a year, he said.
"This economic crisis is like a cancer, if you just wait and wait thinking this will go away, just like a cancer it's going to grow and it's going to be too late," he continued.'
Fear over the fragility of the European economy has become pronounced in recent weeks. Prompted in part by concerns that the region could enter recession and affect the global economy, stocks composing the Dow Jones Industrial Average suffered their worst week since 2008 last week, according to Reuters.
In spite of statements like Rastani's, Euro policymakers continue to press ahead with possible reforms. Currently, they are working to bolster their 440 billion-euro rescue fund, after being criticized by leaders from both China and the U.S. for letting Greece's debt crisis already wreak havoc on global stocks, according to Reuters.
But the crash will be good news for traders, Rastani told the stunned BBC anchors.
"For most traders we don't really care about having a fixed economy, having a fixed situation, our job is to make money from it," he said. "Personally, I've been dreaming of this moment for three years. I go to bed every night and I dream of another recession."
Rastani said traders aren't the only ones who can benefit from the crisis.
"When the market crashes... if you know what to do, if you have the right plan set up, you can make a lot of money from this."
Video above: Alessio Rastani speaks to BBC about world economy. From (http://youtu.be/aC19fEqR5bA).
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Truth to Power!
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