*promote

Promoting this video and sending it back into the queue for one more try; last queued Monday, September 26th, 2011 1:29pm PDT - promote requested by dotdude.

Due to coked up cunts like that guy, european governments are trying to stop speculators from betting against countries atm.

*promote. he might as well be on coke but at least he's honest about the financial situtation in eu right now

Promoting this video back to the front page; last published Monday, September 26th, 2011 4:43pm PDT - promote requested by kulpims.

>> ^kulpims:

promote. he might as well be on coke but at least he's honest about the financial situtation in eu right now


or creating panic to profit.

SELL! SELL! SELL!

Emphasising that he's a trader didn't really help his attempt to trade on his appearance.

Not sure why the BBC would ask a trader for their opinion of the market in the first place; it will always be self serving bullshit (whether he's right or not).

oh... so the crash is an opportunity for assholes like this to make a buck. He actually said he dreams of another recession. WHAT a HUGE fucking piece of shit. It's horrible people like this asshole who created this mess.

>> ^EMPIRE:

oh... so the crash is an opportunity for assholes like this to make a buck. He actually said he dreams of another recession. WHAT a HUGE fucking piece of shit. It's horrible people like this asshole who created this mess.


Yes this guy should have a bullet in his brain in a back alley but life isn't fair.

"Protect your assets".

If I knew what he meant by that I would be a lot smarter than I am. He mentions that Goldman-Sachs rule the world, I take it this is none other than the same G.-S. who used corrupt accounting to help Greece get into the Eurozone in the first place? (for example)

So when the shit hits the fan, yet again, the bastards who helped create the mess will add a few zeros onto their personal wealth. SSDD.

Um... wow. Damn, that was pretty frank.

So, it's all about making money then? Okay, right, glad we sorted that out.

"I'm a trader. I don't really care about that kind of stuff. If I see an opportunity to make money, I go with that."

If you people would get off your reactionary, self-righteous high horses for a second you would realize he is one of the good guys, relatively speaking. A bit dramatic perhaps, sure.

The subtle, if somewhat awkward manner in which he phrased his position is where you're getting hung up, methinks.

"Personally? It doesn't matter - I'm a trader. I don't really care about that kind of stuff. If I see an opportunity to make money, I go with that."

"Personally?" - Perhaps better read as "Honestly?" instead. He's leading with a qualifier because he knows what he says next is not likely to be corroborated by his peers in the mainstream press- precisely because it would generate the type of reaction seen in this very thread. Where others would "massage" their message to make the profession seem more noble, he doesn't. Its honestly quite baffling to me that there's even a perception problem stemming from the relevant parties acting in their own self-interest. (As an aside, I'm quite aware of the rampant corruption that occurs - indeed, often when that very spirit of self-interest collapses into blind greed. My statements only consider those who are above board.)

Also, don't interpret "Personally?" in a literal sense that he "truly doesn't care about that kind of stuff" in his own, personal moral fiber. In order to illustrate his point, he's speaking from the point of view of "every trader." That certainly includes him, but doesn't speak to his individual conscience. "Not caring" whether the market rebounds doesn't mean he feels no sorrow for those who've lost everything, he means it has no bearing on his bottom line because every trader with a functioning brain hedges their bets. Present company seems to find that idea morally repugnant, but to not do it would outright crazy. In addition, there's no moral implication anyway - the market's gonna do what it does whether there's systemic hedging or not.

I could break down the rest about how you should all calm down over the "dreaming of another recession" comment or the fact traders literally couldn't be the ones to fix things if they tried, but I think y'all get the idea.
He then goes on to give people what sounds to me like sound advice in taking advantage of a down market, and goes so far as to suggest that Goldman Sachs has more influence over the world economy than the governments themselves - which is, of course, completely true. (BTW, I'll take 2:1 that he's found dead from auto-erotic asphyxiation by Halloween.)

tl;dr version: Don't hate the Player. Hate the game.

This just makes me think we need a Hippocratic oath for people in the financial sector.

"Do no harm" not "make money at any cost."

>> ^petpeeved:

This just makes me think we need a Hippocratic oath for people in the financial sector.
"Do no harm" not "make money at any cost."


Oaths don't hold people accountable. Regulation does. Except when it doesn't. Which is often.

You're right though, the single biggest factor in the unsustainability of modern economies is the practice of "profit maximization." It is short-term gain mentality that leads to the game of economic hot potato known as the boom-bust cycle. Shareholders are primarily responsible for this.

Comment hidden because you are ignoring dag.(show it anyway)

Exactly. He's shorting the market and hoping to influence it through this. He's getting good bang for his buck due to the virality of this video too.

Still, when the stock market crashes - I think ooohh, Wallstreet is having a clearance sale! Warren Buffet's axiom holds true: Be afraid when people are greedy. Be greedy when people are afraid.

(not that I have a single red cent directly invested in the stock market, just saying)

>> ^EMPIRE:

oh... so the crash is an opportunity for assholes like this to make a buck. He actually said he dreams of another recession. WHAT a HUGE fucking piece of shit. It's horrible people like this asshole who created this mess.

So in this case it's an individual saying what the big businesses are doing, using the recession/depression to increase earnings AND attempting to influence laws and legislation to continue to do so.

Despite what many of the corporations claim the market is doing to them, their profits have been increasing. And we still have companies cutting benefits, laying off people, and many other things.

In fact some of this doublespeak is going to cause them a lot of headaches in the future, especially in production/manufacturing where many of the companies laid off massive amounts of people and despite needing the majority of them back they tried to hire cheaper labor.

But they are finding, at least in my area, that there is virtually no training programs available for manufacturing because they had problems recruiting people in these dismal times with all the BS the companies spouted, so people went into medical and stuff where they were told there were shortages.

Now they have their previous work forces that they laid off, looking to retire instead of putting up with more of the rollercoaster they created. No trained young people to replace the guys looking to retire, and a whole lot of pissed off people who were laid off and never recalled because the company is trying to make more money using unskilled labor where it can.

One company in particular went on the news and spoke about how they couldn't find any "qualified" workers, despite having laid off the majority of their work force just a year prior and admitting they over-reacted in doing so.

It's backwards of the way it should be, these companies should be telling people what they want on your qualifications. Finding a school or training program that can provide it and giving them a rough estimate of what they would be able to hire locally and possibly globally.

Instead we hear repeatedly about how the colleges/universities are putting out graduates that don't fulfill the needs of companies, but they keep requiring a degree to work at said company.

There's just too much BS to wade through in the job market to get anywhere without contacts, and the companies themselves are to blame for the conditions they've created. They've made it more costly for people to get their foot in the door, and they still aren't even clear about what they actually want from employees. Except for maybe drug rep companies, they want ex-cheerleaders to flirt the doctors into prescribing....of course their job ad will never say anything close to this.

Hundreds of Millions of people are unemployed and losing their homes?

Short-sell the mutherfucker and take shirt of his back!


(Makes me sick!)


P.S. Are you sure this isn't a hoax like YesMen?

This guy's frank honesty reminds me of the several interviews with that News of the World guy who confessed openly to all the tactics used by him and his colleagues, not thinking that anyone would think any less of him.

I pretty much agree with @SpaceOddity; I think it is easy to misinterpret this guy's candor and his phrasing from his perspective as a trader, causing him to appear like a dude cleaning his monocle, waxing his mustache, and evilly laughing as he stomps on Joe Sixpack.

Basically, here's what I took away from his statement instead:
The market moves in short-term cycles on top of long-term cycles. Sometimes you can make a lot of money by shuffling around paper; stocks, foreign currencies, etc. Sometimes that stuff crashes and you will need to concentrate on more real, physical assets to stay ahead of the game; gold, major commodities, land, etc.

He thinks that Europe is approaching that 2nd sort of situation in their long-term cycle. So, his advice is to first nail down your ownership of any physical assets that you have. Your house, land, and other physical property. If/when the crash hits, physical assets can be traded to accumulate more tradable assets in the same way a trader would normally do with stocks and other less tangible assets.


...Either that, or he is just trying to incite some momentary fluctuations in the market that he is in a position to take advantage of. But honestly, I didn't get that read from listening to him.

I think it's obvious what he tries to say with "protect your assets". He wants to say it more directly, but can't because he knows it would then be clear he would LOVE for a real crisis to happen, and is saying this shit just to help it happen.

What he means is: Go to the bank, and withdraw any money you have, and stuff it in your matress.

If everybody "protects their assets" banks will go down in a flash, and his sociopathic dream will come true.

Yeah, you guys are totally over-reacting. Just because he literally dreams of worldwide depression, causing poverty, pain and death to the most vulnerable, as a legitimate way of making money, you guys are just getting on your high horses and judging him!

Shame, people - shame!

Meanwhile, I think she was visibly shaken because she'd just spoken to someone with no soul.

A lot of people on YouTube saying he's a fake by the Yes Men, but he's real:
http://www.guardian.co.uk/business/blog/2011/sep/27/european-debt-crisis-live#block-10

>> ^SpaceOddity:

If you people would get off your reactionary, self-righteous high horses for a second you would realize he is one of the good guys, relatively speaking... Don't hate the Player. Hate the game.


He's just a fairly smart guy who got a very well paid job as one of the camp guards.

"You can be a guard too", he says! "No need to be slave labour, if you're fairly smart you can sell out your brothers and sisters and ride around in a quarter million dollar car and own 10 houses the slaves will have to rent and pay off for you!
Come on guys, what's wrong with you?! I'm trying to help you!"

Soemthing sensible needs to be done quick before the human race defaults to the same solution it has used EVERY TIME this has happened before, i.e. the fall of EVERY EMPIRE till now, and these 'good guys' end up on the guillotine.

Hold on to your assets, people!

http://www.guardian.co.uk/commentisfree/2011/sep/18/euro-crisis-recession-europe

The BBC have had to defend the interview after incorrect rumours circled that he was a member of The Yes Men group...

http://www.bbc.co.uk/news/business-15078419

>> ^EMPIRE:
oh... so the crash is an opportunity for assholes like this to make a buck.


What he says is that anyone can make money during a crash; and this is true. The problem is that when markets plummet, people see no end in sight. So they panic sell and then turn paper losses into real losses and further precipitate the downturn. I've seen it happen so many times it boggles my mind.

I think Warren Buffet said it best: people will buy anything on sale except for stocks.

The guy is full of shit. BBC knows what they are doing. And so does this clown.

"Protect your assets, buy government bonds!" 🤦

Here's a well written, well referenced essay on what's going on in the "Eurozone":

What’s Happening In Europe … Does It Impact American Investors and Taxpayers?

This guy has been outed as a bullshitter, with no background in financial trading:
See here.

"He is a business owner, a 99pc shareholder in public speaking venture Santoro Projects. Its most recent accounts show cash in the bank of £985. After four years trading net assets are £10,048 - in the red."

1)Bet on the economy collapsing
2)Tell everybody the economy is going to collapse
3)???
4)Profit

"So he's more of a talker than a trader. A man who doesn't own the house he lives in, but can sum up the financial crisis in just three minutes – a knack that escapes many financial commentators."

He really just epitomizes our culture.

this is a collective problem, not an individual problem.

just fyi: he is not a trader. he is an attention whore (self description by the way) who in fact gives expensive lessons on "how to make money in a downward economy". surprised that someone with this background promotes an economic meltdown? this is nothing but a PR stunt for his stupid courses. the only scandal here is the fact that the BBC provided airtime for him.

Yeah, can we get the title changed to "Bullshitter dupes BBC News TV producers to talk shit and promote self on live TV"?

No? Right - too many characters.

>> ^Trancecoach:

Hundreds of Millions of people are unemployed and losing their homes?
Short-sell the mutherfucker and take shirt of his back!

(Makes me sick!)

P.S. Are you sure this isn't a hoax like YesMen?


And let me guess? The best solution would be to continue to throw money at it, in turn drawing out the inevitable failure of long term fiscal problems. Instead of forcing a collapse and ensuring that they get their fiscal house in order right.

No wonder europe is fucked, along with the US. Throwing money at a problem does not fix it, it only delays the inevitable unless drastic steps are taken.

If thats how you interpreted what I said, then you're pretty far well down the rabbit hole.>> ^Mashiki:

>> ^Trancecoach:
Hundreds of Millions of people are unemployed and losing their homes?
Short-sell the mutherfucker and take shirt of his back!

(Makes me sick!)

P.S. Are you sure this isn't a hoax like YesMen?

And let me guess? The best solution would be to continue to throw money at it, in turn drawing out the inevitable failure of long term fiscal problems. Instead of forcing a collapse and ensuring that they get their fiscal house in order right.
No wonder europe is fucked, along with the US. Throwing money at a problem does not fix it, it only delays the inevitable unless drastic steps are taken.

Panic creates profit. *fear

Adding video to channels (Fear) - requested by blankfist.

Considering what you said is akin to the money throwers. I'd say that you're pretty close to the rabbit hole yourself.

>> ^Trancecoach:


If thats how you interpreted what I said, then you're pretty far well down the rabbit hole.>> ^Mashiki:
>> ^Trancecoach:
Hundreds of Millions of people are unemployed and losing their homes?
Short-sell the mutherfucker and take shirt of his back!

(Makes me sick!)

P.S. Are you sure this isn't a hoax like YesMen?

And let me guess? The best solution would be to continue to throw money at it, in turn drawing out the inevitable failure of long term fiscal problems. Instead of forcing a collapse and ensuring that they get their fiscal house in order right.
No wonder europe is fucked, along with the US. Throwing money at a problem does not fix it, it only delays the inevitable unless drastic steps are taken.

This guy sure didn't say much. Should've watched another dog video instead.

what I said was sarcastic.
What "money throwers" are you referring to and why are you picking a fight?>> ^Mashiki:

Considering what you said is akin to the money throwers. I'd say that you're pretty close to the rabbit hole yourself.
>> ^Trancecoach:

If thats how you interpreted what I said, then you're pretty far well down the rabbit hole.>> ^Mashiki:
>> ^Trancecoach:
Hundreds of Millions of people are unemployed and losing their homes?
Short-sell the mutherfucker and take shirt of his back!

(Makes me sick!)

P.S. Are you sure this isn't a hoax like YesMen?

And let me guess? The best solution would be to continue to throw money at it, in turn drawing out the inevitable failure of long term fiscal problems. Instead of forcing a collapse and ensuring that they get their fiscal house in order right.
No wonder europe is fucked, along with the US. Throwing money at a problem does not fix it, it only delays the inevitable unless drastic steps are taken.