BBC Speechless As Trader Tells Truth: "The Collapse Is Coming...And Goldman Rules The Worl

[Khun Jean]

http://www.youtube.com/watch?v=lqN3amj6AcE

[idiom]

Its a great piece.

[messana]

I'm amazed it's getting as much views as it is for preaching the obvious.

[GopBlackList]

so how do you protect your assests?

[Dark_Horse_Rider]

Yahoo has article on front page with a title insinuating that this is a hoax

typical media manipulation

[BFranklin]

I'm gonna start looking into how people made money during the depression by shorting and betting on things going down. Anyone else ahead of me and know anything about it?

[bamafanmco]

Interviewee:"The worst thing you can do is wishfully think the government can solve this and not be prepared. You need to prepare yourself. Be prepared and act now."

Interviewer2:"Do you think about the economy at night?"
Interviewer1:"I try not to."

[angelatc]

Why does the US dollar get to be ranked as a safe haven? I don't get that?

[AuH20]

Why does the US dollar get to be ranked as a safe haven? I don't get that?

Might makes right.

http://www.americandigest.org/mt-archives/freeplay-thumb.jpg

[Sjmfury]

So how do we make the money? (Hedge Funds, Treasury Bonds?)

[BFranklin]

I'm sure if we pulled together here we could figure something out.

[specsaregood]

Why does the US dollar get to be ranked as a safe haven? I don't get that?

have you read dr. paul's piece on the dollar hegemony? most of these fools can't see its sure collapse, until then it will be "safe"

[wgadget]

I'm gonna start looking into how people made money during the depression by shorting and betting on things going down. Anyone else ahead of me and know anything about it?

My old 1971 Harry Browne book called "How to Profit from the Coming Devaluation" mentioned shorting stocks as a way to "profit." Back in those days, it probably took a little more than going online and pushing a few buttons. I'll have to look it up.

[BFranklin]

My old 1971 Harry Browne book called "How to Profit from the Coming Devaluation" mentioned shorting stocks as a way to "profit." Back in those days, it probably took a little more than going online and pushing a few buttons. I'll have to look it up.


Let me know what you discover.

[mojobo]

I think most people already know how to prepare to make money off of this, or at least protect themselves. If you haven't read it already go out and get Crash Proof- How to Profit From the Coming Economic Crash by Peter Schiff, or the Little Book of Bull Moves in a Bear Market. If you don't want to read the whole book, find Peter Schiffs youtube videos. If you are having a hard time coming up with an investment strategy on your own from his videos call his company EuroPacific Capital.

[anaconda]

so how do you protect your assests?

Get out of cash. And probably stocks. Buy commodities, real estate, etc.

[anaconda]

I'm gonna start looking into how people made money during the depression by shorting and betting on things going down. Anyone else ahead of me and know anything about it?

People do it all the time. It's called a short sale. You essentially agree to deliver X amount of shares of such and such a stock at some specific future date at a certain price. Let's say IBM is trading at $100 per share. Ron thinks it's going to drop considerably over the next 90 days, to say, perhaps $80 per share. Rand thinks it's going to increase in price, to perhaps $120 in 90 days. So Ron agrees to sell Rand 100 shares of IBM in 90 days at $100 dollars per share. Ron thinks it's a great deal because he gets $100 per share from Rand and thinks he will be able to procure the shares in the open market for a mere $80 per share, making a $20 per share profit. Rand is happy to enter into the deal because he believes he will have to shell out only $100 per share for a stock that he expects to be trading at $120. Which he would be able to immediately turn around and sell for a $20 per share profit. The one to profit is the one who guesses correctly whether the stock will go up or down.

[-C-]

Buy Cheap farmland above sea level. Haha. For serious.

[emazur]

Although he's probably mostly right, don't use this guy as a legitimate source of info:

http://www.telegraph.co.uk/finance/economics/8792829/BBC-financial-expert-Alessio-Rastani-Im-an-attention-seeker-not-a-trader.html

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.

How a man who has never been authorised by the Financial Services Authority and has no discernible history working for a City institution ended up being interviewed by the BBC remains a mystery.

...

Mr Rastani was a little more forthcoming.

"They approached me," he told The Telegraph. "I'm an attention seeker. That is the main reason I speak. That is the reason I agreed to go on the BBC. Trading is a like a hobby. It is not a business. I am a talker. I talk a lot. I love the whole idea of public speaking."

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.

"I agreed to go on because I'm attention seeker," he said on Tuesday. "But I meant every word I said."

[Arklatex]

Someone I know invests in

BEARX

and

RYURX

Both of these funds go up when the markets go down. These are must haves as hedges to your mining equities.

[sluggo]

His website has that "LET ME SELL YOU SOMETHING" look.

Not sure why this guy has gotten so much attention. I could name a dozen other notable investors who have publicly stated the same thing.

[Acala]

Get out of cash. And probably stocks. Buy commodities, real estate, etc.

I agree. Although I read that Germans who held solid stocks through the hyperinflation ended up doing okay in the end.

The guy in the video is a fool if he thinks dollar-denominated paper is going to be safe.

[Fermli]

lol this guy advocates 30 year bonds. that's one of the worst places to put your money.

[Arklatex]

I agree with something he says tho, the governments don't own the world - Goldman Sachs does.

He says be hedged and I agree. This financial system is toast, there is already another in place from what I am hearing. Though I think a lot here are not spiritually prepared for it.

If we have a system based on greed it is being replaced by one based on love. Debt forgiveness will take place. Many will defend the old and if so you'll go down with it. It's the dividing of the Way. I understand precious metals have already started filling the deposits for the new system, there are going to be interim governments. Things will be distributed more fairly but I can already hear the cry of socialism from this forum!

I have spoken!

[TonySutton]

I liked the way he referred to a bubble as cancer. Instead of deflating a bubble, you need to cut the cancer out. Failure to do so only allows the cancer to grow and the lengthens your recovery.

[anaconda]

I agree. Although I read that Germans who held solid stocks through the hyperinflation ended up doing okay in the end.

The guy in the video is a fool if he thinks dollar-denominated paper is going to be safe.

My girlfriend is buying inexpensive rental homes that were foreclosures in out of state markets. Amazing find. Nothing down. Instant equity and positive cash flow. Amazing hedge against inflation. She's in CA and just bought two homes in Jackson, MS. Screw the stock and gold markets. I can't imagine a better investment at the moment than what she's doing.

[Acala]

My girlfriend is buying inexpensive rental homes that were foreclosures in out of state markets. Amazing find. Nothing down. Instant equity and positive cash flow. Amazing hedge against inflation. She's in CA and just bought two homes in Jackson, MS. Screw the stock and gold markets. I can't imagine a better investment at the moment than what she's doing.

I'm toying with the idea of agricultural property. Maybe a small cow-calf operation on irrigated pasture. Property tax is scary though.

[anaconda]

I'm toying with the idea of agricultural property. Maybe a small cow-calf operation on irrigated pasture. Property tax is scary though.

I can send you a PDF with the info on what my girlfriend is investing in. I can't see any way to attach a file to a forum personal message. If you wanna pm me your email I can attach the file for you.

[TCE]

I can send you a PDF with the info on what my girlfriend is investing in. I can't see any way to attach a file to a forum personal message. If you wanna pm me your email I can attach the file for you.

Would really like to see the PDF if it's not too much trouble. PMing you my Email.

[anaconda]

Would really like to see the PDF if it's not too much trouble. PMing you my Email.

See PM.

[Seraphim]

Can you send it to me too?


See PM.

[ForLiberty2012]

Bear Market Funds are how you protect yourself in a crash (you actually make money when the stock market goes down). However, they say not to invest based on speculation. It's very risky to do because if the stock market goes up, you actually lose more than if it were to go down. If history has anything to say about these things, your best option is gold and silver.

[anaconda]

Can you send it to me too?

Need an email to attach the PDF. You can PM it to me.

[eduardo89]

Why does the US dollar get to be ranked as a safe haven? I don't get that?Because it's the €uro that's going to crash much sooner and much quicker.

The dollar is still the worlds reserve currency and China, Japan and other big creditors still blindly lend to the Treasury. The Euro's problems are internal and there's no one to bail them out the way the US gets bailed out.

[libertybrewcity]

given that I don't have much money to invest in these kinds of things anymore, I'm just going to ride it out and hope I can stay in school during the hard times.

[devil21]

This video is now starting to make the rounds among the non-economic interested minds.

[Kylie]

This video is now starting to make the rounds among the non-economic interested minds.

http://ts2.mm.bing.net/images/thumbnail.aspx?q=1222271379841&id=f105f43dd673009527f7a9ef5a1f0b38&url=http%3a%2f%2fwww.beyondblackwhite.com%2fwp-content%2fuploads%2f2011%2f02%2fAustin_Powers_Mike _Myers_as_Dr_Evil.jpg