Anyone who follows my thoughts on the matter know I’m on board with this guy. But listen to what Horowitz says on the DH Unplugged above. Hint: not good.
Anyone who follows my thoughts on the matter know I’m on board with this guy. But listen to what Horowitz says on the DH Unplugged above. Hint: not good.
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#24 Abeon – Isn’t the UK a member of the EU, but not of the Eurozone?
#26 rgoff31 – He’s neither a trader nor a hoaxer but a talker. (I think a lot of commentators in print and electronic media are very similar to Mr. Rastani.)
This is a BBC version of the Rick Santelli rant from CNBC or the Dylan Ratigan rant, http://www.youtube.com/watch?v=gIcqb9hHQ3E , from MSNBC.
Forgive my ignorance if any but what is the difference between the situation in Iceland from a few years ago and the Greek situation now?
There will be austerity measures, inflation, etc., but how does this effect the values of Euros in Germany, for instance?
#30 Miguel – What about an account in Swiss Francs? In Switzerland.
Better yet, an account that can hold multiple currencies within it. That is available in Switzerland as well. USDs, Swiss Francs, Chinese Yuan, Brazilian Reals.
The guy on the video is a real piece of work. Watch him carefully, people, he is one of the very people that ran the U.S. economy into the ground in 2008. Probably buying and selling home mortgages in the deregulated banking markets with their credit default swaps, etc. Senator Gramm (R-TX)’s bill to allow gambling on home mortgages brought this all about, and it almost brought down the U.S. economy and the economy of the entire planet.
Oh well, it’s no big deal, when the economy does go down the tube, we just need to lower this guy’s taxes and all will be well. I’m sure he’s one of the billionaires that profited from the economic meltdown.
#33 I’ve thought about Swiss francs, just don’t know how to open an account there without actually having to drive there with a few thou euros inside the tires 🙂 Still investigating. Still doubtful whether the Real will hold, Brazil is still, imho, a volatile country. It’s booming right now, but there’s a lot of corruption in there, I’m afraid this boom will last only a few years, like all their previous booms… As for yuans… Really dunno… An economy based in ultra low wages and citizenry with no rights, social or heath care… They’re big now, will they be big for the next 20 / 30 years? Also thought about British Pounds. They’re out of the Euro mess. And have all the potential to become big again…
mMguel, I would recommend that you do not invest in the Swiss franc as it now has a ceiling of 1.2francs to the Euro, meaning that if the Euro falls, it would take the franc down with it. Probabally. (depends on the swiss banks reaction, as of now they are doing whatever it takes to not let the franc rise too much as it would be bad for the swis economy).
The Chinese are making an effort to devaluate their own currency to boost exports, so also not really safe.
If I were to put my own money in a currency I would put it in Canadian dollars, or simply in Gold which is fairly cheap right now, if/when there is a crash I would then move into american stock indexs, as I think a lot of people would be moving their money to them at first, leading to a rebound in the stock market. Buying after a crash and selling on a high should be any rational individuals target, so a crash offers more oppotunity than most people believe. Gold could become a bubble, you know when it is one when Gold production rises to meet demand without damaging the price, in which case the price could crash.
But this is me just writing ideas out of boredom, these are just ideas, to you I’m just a random person on the internet, so I do not recommend you to blindly follow any idea without looking into it yourself 🙂
P.S: Do not hire an investment consultant from a regular bank, if they had any idea about investing, they wouldn’t be working as an investment consultant
I for one, look to this report as an opportunity to get back into the market.
check this out on this guy:
http://telegraph.co.uk/finance/economics/8792829/BBC-financial-expert-Alessio-Rastani-Im-an-attention-seeker-not-a-trader.html
Two issues with the above article 🙂
– what if the guy is legit, just blew the cover on something major, and is being discredited right now, prior to a cover up. How could we tell? 🙂
– what if he already got some death threats and now is only trying to dodge a bullet with his name? 😀
In Portugal we have a saying: ‘Quem semeia ventos colhe tempestades’ – if you plant winds you harvest storms. Maybe this guy went waaay over his head?
stasuofr,
That’s simply an ignorant, stupid hit piece.
Full of innuendo, saying nothing.
This is a MUCH better report.
http://forbes.com/sites/emilylambert/2011/09/27/trader-or-prankster-we-called-alessio-rastani-and-asked/
Would someone please just go ahead and crash the damn thing?
When you have a bunch of greedy pricks in suits creating wealth out of thin air or by leaching onto other people’s money rather than actually produce something themselves (translation: work vs. no work), the whole damned system needs to just crash and burn. And don’t even tell me that Wall Street or even bankers know what real work is either. The whole damned financial industry is just rife with greed and corruption which are really just evil values. Unfortunately, a lot of good people will also have to go down with any coming collapse – just like every other war. (Oh! Did you happen to forget about what else is going on in the world?)
If our leaders did their jobs right then there would be a lot more dead CEO’s and imprisoned board members for the shenanigans that many of them have perpetrated on innocent people. Seems to me that a pretty good argument against the Bernie Madoff’s of the world could also be made as them having committed capitol crimes by giving aid to the enemy too. But I’m not holding my breath since many of our elected leaders seem to be either in conspiracy with these disgusting individuals or actually are them.
Remember: “The tree of liberty has to occasionally be quenched with the blood of tyrants and (unfortunately many more) patriots.” I, for one, hope it doesn’t come to that but it’s also a good idea to be prepared too. And converting your wealth to something a little more weather proof like gold/silver isn’t exactly a bad idea either – at least until the financial storm has passed.