BBC Left Speechless: “In Less Than 12 Months The Savings Of Millions Of People Will Vanish … And Goldman Sachs Rules The World”

28 Sep

Presenter: “Jaws have collectively dropped at what you have just said.”

Stunning.

The simple, honest truth is told, by an independent trader, on BBC News.

So stunning is this, it was even shown last night on Australia’s mainstream news (Channel 10).

“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 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 right now to, wishful thinking that the government’s going to sort things out; the governments don’t rule the world … Goldman Sachs rules the world.”

Please share with everyone you know.

Such matter-of-fact truth-telling about markets, finance, and banksters, on mainstream TV … is truly historic.

One would expect that independent trader Alessio Rastani will never get a mainstream TV interview again (h/t ZeroHedge):

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5 Responses to “BBC Left Speechless: “In Less Than 12 Months The Savings Of Millions Of People Will Vanish … And Goldman Sachs Rules The World””

  1. bushbunny September 28, 2011 at 12:54 am #

    So what’s new? I wonder if you can tell me and others where their investments will go?
    I have no investments, other than my house with a pensioner’s reversed mortgage. But if I had money do you honestly believe all investments in reliable shares will vanish. We’d have a complete collapse of all global investments. I don’t believe that completely. Including all countries investments. Anyway, Turnbull as a ex director of Goldman Sachs with investments in carbon trading might lose a few millions and Flannery in clean energy might too. Can’t say I would be sorry for them under the circumstances or anyone into NBN or clean energy, who were in it for the money, not the overall benefit it would make for humanity but for themselves solely. C’est la Vie!

  2. Oliver K. Manuel September 28, 2011 at 11:03 am #

    Looks like the money supply has been manipulated, just like the sciences:

    http://reason.com/blog/2011/09/26/reasontv-manbearpig-climategat#commentform

    http://dl.dropbox.com/u/10640850/20110722_Climategate_Roots.pdf

    http://dl.dropbox.com/u/10640850/Summary_of_Career.pdf

    What a rude awakening!

    With kind regards,
    Oliver K. Manuel
    Former NASA Principal
    Investigator for Apollo
    http://myprofile.cos.com/manuelo09

  3. JMD September 28, 2011 at 11:51 am #

    Be skeptical TBI, whenever you hear this ‘flight to safety’ meme being pushed. UST’s are not safe at all, nor do I believe that ‘safety’ is what drives the US (or any other) government bond market.

    As I was alluding to in my comments yesterday, governments, through their central banking arm, are giving easy profits to speculators in the form of rising government bond prices (falling yields). It’s not a one way street, as evidenced by last night’s action in Europe & the US but the trend is definitely one of a ‘bull market’, since the early 1980’s in fact. You would have been unlucky to have lost ‘money’ if invested in government bonds during this time, almost an entire generation.

    Here are some good articles explaining the situation if you’re interested;

    http://www.goldstandardinstitute.net/2011/08/falling-interest-rates-and-duration-mismatch/

    http://www.goldstandardinstitute.net/2011/09/operation-twist-the-consequences/

    • The Blissful Ignoramus September 28, 2011 at 1:14 pm #

      Agree completely JMD. That’s the one key thing I’d disagree with Alessio Rasanti about. Ok, as a trader (ie, gambler) I can understand the rationale of trading the UST for profit. But as a “safe haven” … I’m fully in agreement with you.

  4. JMD September 28, 2011 at 4:32 pm #

    This is very interesting;

    http://www.bloomberg.com/news/2011-09-27/sales-surge-spurs-worst-yield-gap-since-2008-australia-credit.htm

    When you read it keep in mind that until last week the RBA had not bought outright any significant amount of state debt since the end of June (they are still lending against it).

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