O/T Shocking interview on the BBC on global finances

Hate to start doom and gloom on a Sunday morning but check out this BBC interview with a Trader who can only be described as a horrible b*stard!

http://www.youtube.com/watch?v=aC19fEqR5bA

Hate to start doom and gloom on a Sunday morning but check out this BBC interview with a Trader who can only be described as a horrible b*stard!

http://www.youtube.com/watch?v=aC19fEqR5bA

He could.

Unless you look at the evidence as to who he really was with an open mind.

This does not surprise me at all.

I've lived in too many countries where I have seen those pulling the strings basically looking after themselves and preparing for such things. The people they represent they basically dont care as this guy said.

Will we have a "French Revolution" scenario when this scare is reversible, who knows? That is will the people react in an aggressive way that those who have stocked their assets will live in fear? Did not the French top dogs end up running away and losing everything?

I would not call this Trader a horrible b*stard. If he was he would have not given that interview and forewarned everyone. A horrible b*stard would see what is coming, look after his own interests, climb the ladder and shit on those below. Then the horrible b*stard would tell everyone when it is too late.


Personally I feel we have been allowing this to happen for the last 30 or 40 years with the Governments we have elected. The days of a Government coming in with the idea of a NHS for the people have been replaced by the look after number one with their broken promises.

The old Conservative party were perhaps very much like that but basically controlled the level of discernment. That is they kept a tight control on those of us at the bottom of the ladder. The old Labour party represented the bottom of the ladder but saw that it did not work for them so therefore stole middle ground Tory policies. This has resulted in bringing more people into the bottom ruin instead of pulling those there up the ladder of security. It has gone to far to reverse this tide of greed and a French revolution episode is about to be written again. When this will happen is anyones guess, could be next year or 5 years time. Whenever this time comes it is going to happen.

http://www.guardian.co.uk/media/2011/se ... sfeed=true

http://www.finextra.com/News/Fullstory. ... emid=23005

http://www.dailymail.co.uk/news/article ... -FAKE.html

http://menmedia.co.uk/manchesterevening ... c-disaster

http://www.telegraph.co.uk/finance/econ ... rader.html

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It's not even questionable. It was a hoax - BBC being stung yet again.

I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.
Thomas Jefferson, (Attributed)
3rd president of US (1743 - 1826)

he's probably stuck in some short positions

There is a lot of money to be made in a falling market. George Soros made a billion dollars by speculating against the £ in 1992 during the European Exchage Rate Mechanism crisis on what became known as Black Wednesday.

It is common knowledge that millions of dollars were made by traders who shorted Lehman Brothers stock during the 2008 market crash.

To me it seems bonkers that it is possible to make money out of failure? This kind of trading encourages the targeting of companies or even countries in an effort to make them fail so that these parasites can then pick the bones and line their pockets.