Editor's Note: You may not like this guy or what he has to say. We don't either. But Alessio Rastani is exceptionally candid for a trader and we'd do well to listen to his words. Note that the markets rallied today since they think that there will be some sort of major bailout for Greece and effectively the euro. This could be true BUT.....the inherent weakness of the markets and capitalist system, based on debt, is rallying on the expectation that free money will be thrown at the problem to solve it. You can't solve debt by creating more debt and if austerity is the way ahead, then watch out for a revolution in some European countries starting with Greece. Alessio Rastani advises us to make money from a total economic crash,
"Anybody can do that. It isn't just for some people in the elite. Anybody can actually make money - it's an opportunity. Ah, when the market crashes ... if you know what to do ... you can make a lot of money from this. (Q) I would say this. Listen. I would say to everybody who's watching this, this economic crisis is like a cancer. It's going to grow and grow ... What I would say to everybody is get prepared..."
When making statements like this, Alessio Rastani is obviously not thinking about the 6 billion or so people on earth who have no money to invest, and even less about those who struggle for enough to eat and a place to sleep.
The capitalist system is the cancer, debt is one of it's tumors and a new economic system modeled on socialism is the only cure. That will require a world revolution.
- Axis of Logic
Additional Note: The people who want to discredit Alessio Rastani have spread the rumor that he is a charlatan and that this interview was a hoax. Today, the BBC issued the following statement:
Statement on BBC News channel interview with trader Alessio Rastani
Date: 27.09.2011
The BBC have today issued the following statement regarding an interview with trader Alessio Rastani on the BBC News channel yesterday (Monday 26 September):
"We've carried out detailed investigations and can't find any evidence to suggest that the interview with Alessio Rastani was a hoax. He is an independent market trader and one of a range of voices we've had on air to talk about the recession."