BFT3K

Very interesting...



https://youtube.com/watch?v=aC19fEqR5bA

DudeRick

He's probably right, you socialists have bankrupt Europe and there is likely to be a crash as a result.

12clicks

And obama wants us to follow suit

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Bill8

clearly you didn't watch the video. not that you care, that really isn't your point.

porno jew

why is this a shock?

obviously banks control the world and people profit from misery.

Bill8

you should watch the video. I'd love to hear your snippet from it that supports your typical oneline snark.

Bill8

I don't recall anyone suggesting it was a shock.

Well, perhaps a shock to see somebody not lying on the news.

porno jew

well how viral this clip is it must be shocking or surprising to a large number of people.

D Ghost

Great video, thanks

VikingMan

Now there is someone on the news who is actually speaking the truth. Not that anyone will actually listen to him.

nation-x

See... here is where the rubber meets the road and the truth of the "conservative" movement shows itself for what it is... corporate domination of the world... that trader said it purely plainly... governments don't rule the world... Goldman Sachs does. The people who keep pushing unregulated free markets are empowering that 100%.

porno jew

you have to keep in mind that the more insecurity and fear out there, the more things decline from that, the more he profits.

not like this guy is an unbiased source with no skin in the game. these guys manipulate the media as part of their investment strategy.

Bill8

True enough. But, in this case he says it more plainly than is typical - he might have just said "blah blah finance blah capitalization blah turmoil blah - DOOM DOOM!" - and acheived the effect the traders want.

I thought it was wildly refreshing to have somebody say it relatively clearly.

Now, it's certainly a cynical move, and he's trying to position himself as a visionary - probably has books in teh works, and hopes to start his own company.

Still refreshing.

porno jew

no he admits his investments profit from economic decline.

Caligari

"I dream about having a recession" - what a fucking douchebag.
Millions will lose their life savings yet many can profit from it! Wow, golly jeepers that's great.
This scumbag and many others including the twats from Goldman Sachs should be tried for treason, or maybe just economic terrorism.
Oh wait, Goldman Sachs would be the judge.

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TheDoc

Remember people... The Tea Party (and many Republicans) ARE pushing for the exact same things that are killing Greece.

Deregulate everything you can, cut taxes as low as you can thinking it will spark job growth and the total other direction happened, make sure the rich have the easiest ride as they create the jobs - which didn't happen, and make the lower incomes pay more because they don't do enough and/or the rich pay less - even though they already do, exactly like here. That's before the Gov & Banks being the actual debt creators, and the people actually out producing the top 3 countries gdp wise, but like here.. they sucked them dry either way.

It's like the right wing in America took the play book directly from Greece... I guess it's true, they would rather see America fail than Obama be President again.

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nation-x

I've come to realize this isn't about Obama... he is the small fish

VikingMan

This is how all traders think. The only people who think the markets are only for investing in stocks are the gullible masses.

porno jew

this goddamn video is everywhere. on the radio right now.

u-Bob

The only way these corporations have been able to do what they do is BECAUSE of the government. The government has always been in bed with those big corporations.

* In a free market you are free to refuse to buy certain products and services.
* In a free market you are free to refuse to use a currency that is being inflated and devalued by big corporations.
* In a free market you wouldn't be forced to bail out big corporations.
* In a free market you wouldn't have the governments spending tax dollars on huge projects that they'll later sell at below-market prices to the same corporations they paid (at above-market prices) to construct those projects and call it neo-liberal privatizations.
* In a free market you wouldn't have big corporations lobby for new laws and regulations that are aimed at protecting the marketshare of those big corporations against innovative new and small companies.
* In a free market the Greek government wouldn't have been able to borrow all of this money (that they now expect all taxpayers from the entire EU to pay back).
* In a free market, the French and other banks that hold most of the Greek debt would be punished for their irresponsible behavior by going bankrupt.
* ...

The great thing about the free market is that it rewards responsible behavior and punishes irresponsible behavior.

Those who develop and sell products and services that people want and are willing to pay for, make money.

Those who invest in projects that people don't want and aren't willing to pay for, lose their money.

What the governments have been doing is reward their irresponsible friends by letting the taxpayer pay the debts of those irresponsible corporations. And the majority of the people fail to see it and fall for the lies of the politicians: "we had to save that bank or people would have lost their savings" or "we had to bailout that company because it was too big to fail" or "you need to pay extra taxes and show some solidarity with the people of Greece". LOL, solidarity,... This isn't about the Greek people. It's about politicians bailing out the banks that hold the Greek debt.

Caligari

Yes, for which they should be tried and imprisoned or executed.

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TheDoc

The free market idea is killed by greed every single time. Without regulation, greed fully takes over - every single time. Once the greedy have the ability to influence the people, it is not possible to reverse the take over.

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porno jew

yeah look at this blog http://www.leadingtrader.com/ he's pushing the same shit. looks like he does some kind of investment seminars as well.

Bill8

I'm not sure I'm getting your point. I want something like, "well, duuuuh".

And, still refreshing.

In a few days we will know, will this guy be a poster boy or a whipping boy?

Both, I think.

porno jew

go look at this facebook wall.

u-Bob

and politicians, members of government, bureaucrats, those making and enforcing the 'regulations',... are immune to 'being taken over by greed'?

TheDoc

Greed is greed... at that level the greedy are able to influence the people, making the problem worse.

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Bill8

Some time ago we moved from a civilizational economy based on primary wealth, like extracted metals fuels and food, or secondary wealth like manufactured items, to tertiary wealth based on symbolic manipulation of money, ownership, information and unequal access to information, that kind of thing.

In an economy based on symbolic manipulation rather than natural wealth or manufacturing, this kind of manipulation by the investing and trading class is how the economy works.

It's essentially a cyclical harvest of the wealth of the general population by the small percentage licensed to be the harvesters.

This is the world we live in. It's quite new tho - only a few hundred years old - who knows if it's a rugged enough complex system to last long.

Bill8

seen it. checking again. still pretty much the same kind of thing.

http://www.facebook.com/alessiorastani

u-Bob

so how would letting greedy people make regulations fix the problem?

Every time politicians "fix a problem' they create new problems and create opportunities for their big business friends to make more money at the expense of everybody else.

dpatt

there are videos on youtube with every point of view though tbh.

DudeRick

I did listen to the the video, I pickup on the financial crisis being caused by the socialist European society's that are bankrupt and are going to cause a global market crash. You hear a line about Goldman Sachs ruling the world to whine about capitalism because you want to be taken care of by mommy!

Bill8

Sorry man, whatever you are writing is not making any sense to me.

I didn't hear anything about socialism or mommy in that video.

I suspect you got a hardon for the op and you are telling yourself a story in your head, but whatever that story is, I can't get how you are connecting it to the video.

You can try to buttfuck the op as much as you like, aint my concern or interest.

Internet Guy

Individuals like this trader are part of the "cancer" he is referring to.

12clicks

Ok, dopey. Here you go.
He says basically that no one of any intelligence thinks the bailout of Greece will work. That's fairly obvious to me and most other intelligent people.
It's simply throwing good money after bad in an effort to put off, not solve, the inevitable.
This "bailout will merely weaken the stronger countries and take down more of the weaker ones. Having WASTED all of their money on Greece, they'll have no bullets left to fire in their own defense. They'll all fall like dominos.
But I say BUY euros! They'll be a collectors item for your grand children.
Did you bother to read what the Greek austerity measures were?
What they call austerity, I call not having a second helping of dessert.
And how did the Greek rabble respond? With protests and strikes (of course the idiots are unionized) that shut down the government. The idiots run the asylum in Europe. The government promised people way more than they can deliver and spent solid assets to deliver a false reality.
And now we have Obama and the left demanding that we spend our way into the same hole as Greece.
Brilliant!
And lastly there's the GFY rabble explaining how corporations rule the world. Grasping at the reason of their failure that sounds best to them, they have no understanding of how all of this melt down will effect said corporations.
This is the same type of idiot that explains how 9/11 was an inside job. As long as there is some unbeatable boogie man out there, they never have to admit that they failed simply because they weren't bright enough to do anything but fail.

If this guy is right, you've been warned. Go prepare to take advantage of it. You won't because making good choices is not what failures do, they just find someone to blame

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TheDoc

Not everyone is filled with greed just like every regulation doesn't make things worse. As well, ignoring problems does not mean the free market will simply solve the problem.

It requires a balance.

As an example, I'm kinda like nuclear fusion is a highly regulated market.... Really, I don't want our issues worked out 'after' my neighbor learns through trial and error how to make it work.

It's not a one way door of total destruction.

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12clicks

Not bad. While I agree that the free market allows things to find their own proper level, and if left alone, will. Corporations are merely taking advantage of what's available to them. The truly intelligent people are the successful. Politicians are somewhat further down the list. Plus a politician looks at a 2, 4, or 6 year horizon. Hell, I know affiliates with a longer view than that.

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TheDoc

Outside of bankers and politicians, I haven't heard anyone (for sure here) claim the bailout would work.

Nice rant though, it shows how very little you know about the entire Greece situation.

Greece is the result of bad banking business and massive deregulation, which removed some good and working social programs, and taxes - most of which benefited only the ultra rich classes, ie: America / Republican / TeaParty policy - which has 100% failed. At that, the "people" aren't much in the hole, it is the corps/banks and gov... the people protested because they're country was being ripped out from under them, the wealth stolen, some of which included the top corps in the country, 10,000's of business owners, and other rabble.

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Bill8

Congrats on writing more than one line.

Technically, he doesn't say any of that, altho I would agree that there is an unstated subtext which is that Greece will default, followed by at least a few of the other mediterreanean countries.

I personally woudl say the guy is right, and we have been warned - by many, not just this guy.

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Now, the question is, should I bother to debate with you the editorial stuff you added? You probably wont actually debate, you rarely have in the past.

Lets pick one item.

With money as cheap as it is right now, why shouldn't the government borrow as much as they can, and spend it? In a cheap money environment, borrowing money makes sense, not borrowing it (and spending it) makes less sense.

The private sector is not spending money inside the country. The private sector is not building new infrastucture inside the country. The private sector relies (and has relied in the past) on government spending for infrstructure, and government assumption of infrastructure costs.

So, why shouldn't the government borrow more of teh cheapest money any of us has ever seen in our lifetime to build infrastructure that the private sector can then use "for free"?

But - more to the point - what's your plan to get the private sector re-investing in america again? Why should it?

Lucy - CSC

What the Greeks were actually pissed off about was that the people who were actually responsible for the crash of their economy, The Walls Street Bankers Goldman Sachs inparticular, are now the owners of the Greek State assets which had keep unemployment levels low, energy prices low etc. With the assetts now being run for profit which will line the pockets of Goldman Sachs it isnt fair.

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12clicks

Incorrect

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12clicks

LoL at a guy moving to Canada for the handouts explaining
Anything to anyone about money or an economy

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Lucy - CSC

Thing that I dont understand about conservatives is how they love socialism to pay off the bills when their profits fail.

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Dear USA, Your 9/11 is our 24/7, Sincerely Palestine xx

12clicks

Do a search on my plan. I spelled it out sometime this week.
As far as "why doesn't the government borrow as much as they can" question goes, we already have.
Anything else?

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12clicks

gm???????

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TheDoc

Cool, I had no idea I was moving back to Canada.

Still doesn't change the fact that you have no idea what happened with Greece's economy.

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TheDoc

Lucy is correct.. a quick Google search easily proves you wrong, as usual.

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12clicks

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Bill8

Like I thought, you won't even try to debate.

We haven't borrowed as much as we can - so your point invalidates itself. You are replacing the facts on the ground with your emotional opinion. We could easily borrow more of the cheapest money anyone has ever seen. In fact, at this moment there is a flight back to the dollar and treasuries, so there has rarely been a better time for us to sell more treasuries.

As I said, you are confusing your opinion and emotions and beliefs with reality. The reality is, we can easily borrow trillions more, if we like, at excellent terms.

I wouldn't mind looking at your plan - especially if it's actually your plan, and not some copy and paste from someone else. But, without keywords to search - and with gfy's usally not working search - I wouldn't have any idea where to look.

TheDoc

You're happy over your willingness to make yourself look uneducated? Odd, but whatever..

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