A trader speaks... very fankly indeed!

[Tonsko]

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

Refreshingly honest. I think I almost like the guy.

Matches up nicely with a Rolling Stone article from last April that I've only just read this morning:

http://www.rollingstone.com/politics/news/the-grea...

[Shuvi Tupya]

So, where should we put our savings, or better yet...how do we make our savings increas during a crash?

In laymans terms please

[hollydog]

Shuvi Tupya said:

So, where should we put our savings, or better yet...how do we make our savings increas during a crash?

In laymans terms please

Under the bed so the f--kers can,t get us in this mess again .

[Victor McDade]

I liked his punchline:

'Governments don’t rule the world. Goldman Sachs rules the world'

[Edge99]

They're saying he's from a hoax group:

http://www.metro.co.uk/news/876763-is-city-trader-...

[Victor McDade]

Edge99 said:

They're saying he's from a hoax group:

http://www.metro.co.uk/news/876763-is-city-trader-...

Interesting, although the chap who spoke in 2004 looks a lot older, even back then:

http://www.youtube.com/watch?v=LiWlvBro9eI

[KrazyIvan]

Is this the guy on BBC going on about how he's looking forward to a crash as he'll make lots of money from it, but fails to answer any question put to him?

Would not be a great shock if it is some sort of hoax.

[chris watton]

Victor McDade said:

Edge99 said:

They're saying he's from a hoax group:

http://www.metro.co.uk/news/876763-is-city-trader-...

Interesting, although the chap who spoke in 2004 looks a lot older, even back then:

http://www.youtube.com/watch?v=LiWlvBro9eI

I thought exactly the same, the other guy looks too old, and that was 7 years ago!

[RichyBoy]

Government/EU prints money gives it to the banks, the banks then lend it back to the government at a rate of interest and the government's debt goes up to a point where it can no longer make repayments like greece then bank/imf steps in to strip the country of it's assets - is this what is happening?

[Victor McDade]

May well be a hoax but it's definitely not the same guy as 2004:

http://www.facebook.com/alessiorastani

http://www.facebook.com/alessioni

This chap is much younger.

[Tonsko]

Even if he is a member of a hoax group, the message is still there - when the market crashes, someone makes money. Probably a lot of money.

[Frankeh]

Trader who's bet heavily on failing economy touts failing economy. Who woulda thunk it.

[Jasandjules]

Tonsko said:

Even if he is a member of a hoax group, the message is still there - when the market crashes, someone makes money. Probably a lot of money.

It's always been that way. Someone loses money, someone makes money, whether the market rises or falls.

[CT63]

http://www.forbes.com/sites/emilylambert/2011/09/2...

[Frankeh]

That's not the same Yes Man who did the other prank, but it's likely they needed to recruit new guys since that was a pretty high profile prank.

[Tonsko]

Jasandjules said:

It's always been that way. Someone loses money, someone makes money, whether the market rises or falls.

Exactly. So even if it isn't by a actual trader, it's not really a hoax!

[lazystudent]

The only way this guy could be any better is if it emerges he burns poor people to heat his home

[nocarjames]

lazystudent said:

The only way this guy could be any better is if it emerges he burns poor people to heat his home

dont tempt fate, all it take is goldmans to start messing with the oil price again and it may well be cheaper to heat your home via that method

[Otispunkmeyer]

hahah! thats left me with a weird feeling.

On the one hand he's telling me the things we kinda begrudge the traders for... for basically not giving a rats so long as they're kept in the green stuff and that Goldmans runs the roost (look at all ex Goldman employees in positions of power). We know these things, we kinda hate them and kinda envy them at the same time. But on the other hand he's basically saying, on live national TV, what everyone else dare not and for that I kinda like him!

I mean if he just stood there and flipped the bird right up to the camera for 3 minutes saying this is what I think of the people moaning about recession, it would of been just as good a point. But I liked that.

[greygoose]

Otispunkmeyer said:

hahah! thats left me with a weird feeling.

On the one hand he's telling me the things we kinda begrudge the traders for... for basically not giving a rats so long as they're kept in the green stuff and that Goldmans runs the roost (look at all ex Goldman employees in positions of power). We know these things, we kinda hate them and kinda envy them at the same time. But on the other hand he's basically saying, on live national TV, what everyone else dare not and for that I kinda like him!

I mean if he just stood there and flipped the bird right up to the camera for 3 minutes saying this is what I think of the people moaning about recession, it would of been just as good a point. But I liked that.

I know what you mean about the mixed feelings, you have to wonder whether the rest of the financial sector will thank him for putting it so directly though.