What price the new democracy? Goldman Sachs conquers Europe - Business Analysis & Features - Business. This is the most remarkable thing of all: a giant leap forward for, or perhaps even the successful culmination of, the Goldman Sachs Project.
It is not just Mr Monti. The European Central Bank, another crucial player in the sovereign debt drama, is under ex-Goldman management, and the investment bank's alumni hold sway in the corridors of power in almost every European nation, as they have done in the US throughout the financial crisis. Until Wednesday, the International Monetary Fund's European division was also run by a Goldman man, Antonio Borges, who just resigned for personal reasons.
Even before the upheaval in Italy, there was no sign of Goldman Sachs living down its nickname as "the Vampire Squid", and now that its tentacles reach to the top of the eurozone, sceptical voices are raising questions over its influence. This is The Goldman Sachs Project. BBC Speechless As Trader Tells Truth: "The Collapse Is Coming...And Goldman Rules The World" Trader Or Prankster? We Called Alessio Rastani And Asked. Alessio Rastani sur Twitter. UK trader becomes an Internet sensation. Alessio Rastani said he went to "bed every night dreaming of a recession"His remarks made him an Internet sensationRastani is an amateur trader who says he uses his own money and has clientsHe believes people want to stop him talking about a coming financial storm London (CNN) -- Alessio Rastani went on a UK news channel on Monday to discuss where stock markets were heading.
By Tuesday he was an Internet sensation. Was it that he said, as someone who bets against markets rising, that he "goes to bed every night dreaming of a recession? " Was it that he said investment bank Goldman Sachs ruled the world and not governments? Or was it that bloggers started to ask if he was just a "fake trader" who duped the media? Reality Struck: BBC's 'Goldman Sachs Rules' eye opener. Leading Strategies For Trading.
Sorry, but this trader's banking confession was no prank. Trader Alessio Rastani shocked BBC viewers when said he ‘dreams of another recession'.
Photograph: None/pixel8000 This week, an insignificant market trader and self-proclaimed financial self-help guru, Alessio Rastani, rocketed to stardom after speaking frankly on the BBC about the collapsing market and his plans to make money from it. We Yes Men heard about it right away, because soon after the broadcast, people started emailing from all over the world to congratulate us on another prank well done.
They couldn't imagine that a real trader could possibly speak so candidly about the market, so they assumed Rastani was one of our posturings. He wasn't. Well, duh. Lately, it hasn't been working so well. As Michael Moore pointed out to those occupying Liberty Plaza near Wall Street, in America it's just 400 people who own as much as most of the rest of us put together. Alessio Rastani Is Not Exactly Saying Anything All That Radical - MarketBeat. By Mark Gongloff The Internets are ablaze with amazement over some fella named Alessio Rastani, who left jaws agape on both sides of the Atlantic by going on the teevee and saying scary things.
But what he said was really not all that shocking. There was initially a lot of debate about whether Mr. Rastani, identified during his BBC interview as an “independent trader,” was for real or a prankster. He is clearly unpolished in the BBC interview, in which he admits to going to bed every night dreaming about a recession and the rich money-making opportunities it will bring, but he appears not to be a hoax. So what’s he saying that’s so mind-blowing? Rastani says:1) “Markets are ruled by fear.” Mr. Is our mainstream media so used to bullish talking heads – mutual fund managers talking their books and their careers – that anytime someone injects a dose of reality into a conversation, it becomes newsworthy? Does Goldman Sachs really rule the world? - Views. Updated: Thu, Sep 29 2011. 01 15 PM IST In a BBC interview that has gone viral thanks to You Tube, a financial trader named Allesio Rastani made a stunning claim: “The governments don’t rule the world.
Goldman Sachs rules the world. Trader's Goldman Sachs comments spark BBC hoax claims. He caused outrage with his comments on the global economic meltdown claiming "governments don't rule the world, Goldman Sachs rules the world".
But is independent stock market trader Alessio Rastani, interviewed on the BBC News channel on Monday, all he appears to be? Twitter was alive with suggestions that Rastani was in fact one of the "Yes Men", a band of "identity correction" artists who pass themselves off as the corporations you love to hate.
When asked by the Guardian, via email, to respond to the allegation that he a member of the prank group, Rastani chose his words carefully. But the BBC's own investigation has concluded that Rastani is authentic. The BBC has previously fallen victim to the hoaxers who, according to their website, "impersonate big-time criminals in order to publicly humiliate them". The price of getting the 'predators' off our backs. Sometimes it's hard to tell the predators from the producers.
Alessio Rastani seemed like a major predator when he appeared on the BBC, proclaiming: "For most traders, we don't really care that much how they're going to fix the economy, how they're going to fix the whole situation. Our job is to make money from it. " Of course that's true. If that wasn't true, it would be traders, not politicians, who were deep in negotiations and struggling to hold the eurozone together.
Instead, traders just wait for announcements and promises from frazzled heads of state, then, if pressed, offer gnomic statements about whether those announcements and promises are likely to be pleasing to the markets. Yet Rastani isn't a predator. But here's the funny thing. Britain's government is in exactly this situation. Sure, they like "growth" more, but they're survivors – they'll work with what they have got. Sure, a future government can offer tax incentives for mutuals and co-ops. Alessio Rastani Gets the Taiwanese Animation Treatment - MarketBeat. 'Trader from Hell' goes viral on the BBC. IMF advisor says we face a Worldwide Banking Meltdown.
Is Alessio Rastani a Yes Man? If you look at his blog, his Twitter account, and his interview with Forbes, not to mention his notorious BBC interview, it’s pretty clear that Alessio Rastani is, at least in part, who he says he is.
The Yes Men do set up elaborate hoaxes, but they do so with respect to large institutions: they wouldn’t put this much effort into inventing “Alessio Rastani” out of whole cloth. Mostly because there are lots of genuine traders like Alessio Rastani floating around the internet already. They trade their own money, they sometimes win and they sometimes lose, and they aspire to getting famous on the internet and selling their own trading advice. That said, however, the resemblance to “Jude Finisterra” from the Yes Men is startling.
Rastani is not in Liberty Plaza. A genuine independent trader ? Alessio Rastini And The Yes Men’s Five Greatest Hoaxes. Was the Alessio Rastani Goldman Sachs speech another hoax by the Yes Men?
There has so far been no concrete proof but judging by some of their other pranks we wouldn't be surprised... Rastani is not in Liberty Plaza (#occupywallstreet) Press Office -