Ah, now that is interesting.

He gave that interview today on the BBC and within minutes, certain websites were carrying the interview all over the world.

His message is essentially that the Eurozone is facing a financial crisis which is imminently about to see the ejection of Greece from the EU. Not a big thing in itself but harbours tremendous problems should the 'cancer' spread into Spain, Ireland and Portugal, themselves already weakened.

If this happens, then the EU will be forced to sink much of the Euro's it has stored away for crises into the Greek economy to prop it up. This diminishes the trading power of the Euro on the international trading stage and strengthens, yes you guessed it, the US dollar as the worlds reserve currency. This at a time when the US economy is about to enter its own secondary shockwave. Its all part of the failure of the gold standard regime which America dumped with other nations prior to the financial catastrophe in 2008, and the declaration of the War on Terror.

So Mr Rastrani is presenting an anti-European agenda under the guise of anti-capitalism in order to help re-float the US economy by propping up the dollar as the worlds reserve currency, at the expense of the EU. The EU has a population of about 501 million to the US's 312 million. The EU is much larger in trading strength than the US. The EU does not, of course, suffer from the same loss of international 'goodwill' that the US suffers from.

As far as Goldman Sachs is concerned, well, much as the anti-capitalist narrative would like to believe, it isn't nearly as powerful as it would have us believe. Don't get me wrong, it is every bit the hateful and spiteful entity it has always been. But its power is largely self-regarding and 'reputational'. For Mr Rastani to make a statement like this, flies in the face of the underlying point he is trying to make.

His logic just does not work.

But it is very intersting...very very interesting.

I think the US just blinked!

this aint anything new. You'd have to be blind to think the eurozone was going to last.
Same as credit crunch time, it took around 12mths for the obvious to happen, and then everyone was up in arms just because they had their heads in the sand. THERE AINT NO MONEY TO BAIL OUT WITH. Its run out. Greece is going to default and leave everyone else screwed.....aka cancer (not Greek people's fault......... just their government)

the annoying thing is, Greece could skip out of europe, devalue its currency and sell some of its assets (im sure turkey would buy those islands).

anyway, the guy lost at around the GS point, but his advice is basically sound.....
PROTECT YOURSELF!

Consider over next 6-12mths..............
1. If you got any private pensions or funds in equities, shift them to something safe.
2. If you got any savings, prepare to be pick pocketed by inflation.

Lowest common denominator is going to kick in.

>> Ah, now that is interesting.
He gave that interview today on the BBC and within minutes, certain websites were carrying the interview all over the world.

I wouldn't say so. Pretty much stating the obvious. Reason that it has been put on websites is that it is a no-bullshit straight talk thing that people love to hear.


>> His message is essentially that the Eurozone is facing a financial crisis which is imminently about to see the ejection of Greece from the EU. Not a big thing in itself but harbours tremendous problems should the 'cancer' spread into Spain, Ireland and Portugal, themselves already weakened.

I would say it is a huge, humongous deal. It basically means that the confidence in the eurozone protect its members has fallen flat on its arse. Basically, investors will be looking at every weak country and saying to themselves "Europe isn't going to necessarily bail them out - I could lose all my money". Consider Iceland years ago, the panic when savers realised that Iceland wouldn't honour its promises of financial compensation. This was instant mass panic and caused on run on the iceland banks that they just had to close them down from access. Imagine that on a country scale.


>> If this happens, then the EU will be forced to sink much of the Euro's it has stored away for crises into the Greek economy to prop it up. This diminishes the trading power of the Euro on the international trading stage and strengthens, yes you guessed it, the US dollar as the worlds reserve currency. This at a time when the US economy is about to enter its own secondary shockwave. Its all part of the failure of the gold standard regime which America dumped with other nations prior to the financial catastrophe in 2008, and the declaration of the War on Terror.

Nope. It means that debt and money owed is going to be a huge issue again.
This time, not on a bank level, but on a country level where countries will have to bail out their financial institutions again + that of poorer countries in the eurozone. Taxpayers wont be happen, hence everyone will either want to leave the eurozone or kick out the debt ridden countries. Hence a collapse.

>> So Mr Rastrani is presenting an anti-European agenda under the guise of anti-capitalism in order to help re-float the US economy by propping up the dollar as the worlds reserve currency, at the expense of the EU. The EU has a population of about 501 million to the US's 312 million. The EU is much larger in trading strength than the US. The EU does not, of course, suffer from the same loss of international 'goodwill' that the US suffers from.

Alessio Rastani doesnt give a monkies about propping anything up. He is cummin in his pants because the markets are looking hugely volatile and predictable. This is a traders wet dream. A once if a lifetime opportunity (like the credit crunch was).... hence the think about dreaming about it at night.

>> As far as Goldman Sachs is concerned, well, much as the anti-capitalist narrative would like to believe, it isn't nearly as powerful as it would have us believe. Don't get me wrong, it is every bit the hateful and spiteful entity it has always been. But its power is largely self-regarding and 'reputational'. For Mr Rastani to make a statement like this, flies in the face of the underlying point he is trying to make.

I've not idea what point he was trying to make here. Sounded like bullshit.
GS is just another investment company.


>> His logic just does not work.
I think it does. Basically, eurozone is going down the pan because of sovereign bailout is looking dead in the water. That means the markets will be hugely volatile, which is great for traders. Gold up, Bonds up, equitites down. Not rocket science.
Means everyone's pension pots are devalued by a market crash, and that difference in money gets into the pockets of people who know what they are doing via short selling etc.

>> But it is very intersting...very very interesting.
Not really, been on the cards for last 12 mths. It aint coming out of the blue. Got another 6-12mths of pundits going on about it yet.

>> I think the US just blinked!
yes the US will be pissed because every market has been looking at the eurozone very closely for last 12 mths.

"Firstly, the crisis has – in my view - crucially underlined the importance of central bank independence as a corner stone of credible and effective monetary policy making. Of course, central bank independence is a precondition of effective monetary policy at all times. It is an important lesson which is not only evidenced by events in the history of central banking, but also by the academic literature, that any blurring of responsibilities can potentially lead to a loss of credibility for the central bank. Such a situation would ultimately undermine the effectiveness of monetary policy. The effectiveness of monetary policy on the basis of institutional and operational independence was, however, fundamental during the crisis. During the turbulent market conditions that we experienced central banks had to implement extraordinary measures, both in terms of reducing policy rates to levels that are unprecedented, and in terms of unconventional liquidity measures. If these measures – untested as they are – are to be expected to exert any impact on economic decisions, they have to be seen by market participants as the result of an autonomous decision by the central bank. They have to be seen as consistent with its overall policy framework, rather than as the result of pressures from fiscal authorities. The reason is simple. If a central bank comes under pressure in times of crisis, and succumbs to that pressure, it is very unlikely to exit from such extraordinary measures in a timely manner. This may unanchor inflation expectations and thus undermine the effectiveness of the measures implemented during the crisis."

There is a theory that this has already happened.

Lets not tiptoe around the inevitable. If you look at the stock market at the moment it is obvious what is about to happen: a massive fuck-off crash. They have been trying to paper over the very sizeable cracks for months and nothing is working. This guy is being honest because he knows he is gonna make a wedge from it anyway. The crash will of course end with extreme sums being transferred to the wealthiest, and it will mean seriously hard times for the rest of us.