BBC Interview Trader- Governments don't rule the world, Goldman Sachs Rules The World

[momeNt]

http://youtu.be/aC19fEqR5bA

He advises everybody to protect their assets and get ready for the Eurozone crash. Jaws drop around the studio as he says this.

When asked for what would keep investors happy to avoid the crash - he just reinforces that smarter money will go elsewhere basically no matter what and just prepare for the crash.

What are the odds that this interview gets played on the major USA networks?

 

[PokerGuy]

What are the odds that this interview gets played on the major USA networks?

Why should this interview with some kook get played on any network? What gives that kook more credibility than other kooks?

 

[Ausm]

http://youtu.be/aC19fEqR5bA

He advises everybody to protect their assets and get ready for the Eurozone crash. Jaws drop around the studio as he says this.

When asked for what would keep investors happy to avoid the crash - he just reinforces that smarter money will go elsewhere basically no matter what and just prepare for the crash.

What are the odds that this interview gets played on the major USA networks?

Goldman Sachs were selling Credit Default swaps to their customers which they KNEW were worthless in fact they were hedging against them in private. The worse part of this is none of the "actors" who were instrumental in the collapse of our Economy have been brought to Justice. The list is long and you would have to start with some of the idiots who are currently in Congress and then work you way over to Wall Street.

I will watch the video later no sound on this server computer.

 

[momeNt]

Why should this interview with some kook get played on any network? What gives that kook more credibility than other kooks?

Some kook? I hope you don't live in Europe and if you do, you better be protecting your assets bucko.

 

[momeNt]

Goldman Sachs were selling Credit Default swaps to their customers which they KNEW were worthless in fact they were hedging against them in private. The worse part of this is none of the "actors" who were instrumental in the collapse of our Economy have been brought to Justice. The list is long and you would have to start with some of the idiots who are currently in Congress.

I will watch the video later no sound on this server computer.

Problem is, who is going to bring Goldman to justice when they rule the world financially? They've been slapped on the wrist already, nobody can touch them.

 

[Ausm]

Problem is, who is going to bring Goldman to justice when they rule the world financially? They've been slapped on the wrist already, nobody can touch them.

The people who fucked with the Financial markets slowly deregulating them for the last 30 years should be held accountable.

Then I woke up!

 

[Texashiker]

Goldman Sachs were selling Credit Default swaps to their customers which they KNEW were worthless in fact they were hedging against them in private.

Isn't "hedging" just another word for "betting"?

If Goldman Sachs was betting against loans defaulting, why aren't the states where betting is illegal prosecuting people from Goldman Sachs?

 

[Phokus]

Remember, pokerguy was the one who was deriding those occupy wallstreet folks. Unfortunately, there are too many idiots like him in this country and that's why we're fucked and wall street has america by the balls.

 

[Londo_Jowo]

Is this why Goldman Sachs has made many big donations to the Democratic party?

 

[momeNt]

The people who fucked with the Financial markets slowly deregulating them for the last 30 years should be held accountable.

Then I woke up!

Excellent way to attack symptoms as opposed to the root. The government that structured our entire monetary system has only themselves to blame for the power of Goldman Sachs.

If Goldman takes EU back to the stone age hopefully they come back with a proper monetary system and don't just dive back in to the same bullshit that will get them played again.

 

[Craig234]

It's funny watching right-wing/tea party types alarmed (correctly) about Goldman Sachs, while supporting those who support them and fighting progressives who don't.

Now, someone should ask, why am I attacking them when I support Obama 2012 and he's the largest Goldman Sachs money recipient in 2008?

That would be a valid question. The answer is, I think it's disgraceful the Democrats take that money also, and I'd happily support a progressive over corporatist Obama.

The problem is, our system rewards getting that money so much, others pretty much can't win - and between a corporatist Republican and the corporatist Democrat Obama, Obama has some very important things to say it's very important to elect him over the alternatives - look at the Supreme Court issue alone, that's critical.

McCain's 'model justices' were the radical right; Obama's model was Earl Warren.

We need to oppose the corruption, and that includes not having more justices who pass things like 'Citizens v. United'.

 

[momeNt]

It's funny watching right-wing/tea party types alarmed (correctly) about Goldman Sachs, while supporting those who support them and fighting progressives who don't.

Now, someone should ask, why am I attacking them when I support Obama 2012 and he's the largest Goldman Sachs money recipient in 2008?

That would be a valid question. The answer is, I think it's disgraceful the Democrats take that money also, and I'd happily support a progressive over corporatist Obama.

The problem is, our system rewards getting that money so much, others pretty much can't win - and between a corporatist Republican and the corporatist Democrat Obama, Obama has some very important things to say it's very important to elect him over the alternatives - look at the Supreme Court issue alone, that's critical.

McCain's 'model justices' were the radical right; Obama's model was Earl Warren.

We need to oppose the corruption, and that includes not having more justices who pass things like 'Citizens v. United'.

But here you are, not endorsing Ron Paul. Goldman thanks you.

 

[Delita]

Isn't "hedging" just another word for "betting"?

No.

http://en.wikipedia.org/wiki/Hedge_(finance)

 

[Craig234]

But here you are, not endorsing Ron Paul. Goldman thanks you.

Yes, Ron Paul is an absolute disaster. The saying is, everyone agrees with Libertarians on something, and no one but nuts agree with them on everything.

I hate to tell you, Goldman Sachs would thrive with the new freedom to exploit people more under a Ron Paul, not to mention all the other disastrous effects.

 

[Craig234]

Isn't "hedging" just another word for "betting"?

If Goldman Sachs was betting against loans defaulting, why aren't the states where betting is illegal prosecuting people from Goldman Sachs?

A limited futures market in commodities is useful. An excessive one, where too much money put in distorts prices heavily and extracts wealth, is harmful.

FDR understood this and we had a useful, limited futures market for decades. Then came deregulation and the creation of exploitave derivates and other policy changes incenting massive amounts of money to be poured into commodities, guided by parasitical interests, who have made a lot of money abusing them.

 

[dawp]

Isn't "hedging" just another word for "betting"?

If Goldman Sachs was betting against loans defaulting, why aren't the states where betting is illegal prosecuting people from Goldman Sachs?

"Betting" would indicate a certain level of risk. GS had no risk, they knew exactly what they were selling was worthless and stacked the deck in their favor. It's more like out and out fraud.

 

[momeNt]

Yes, Ron Paul is an absolute disaster. The saying is, everyone agrees with Libertarians on something, and no one but nuts agree with them on everything.

I hate to tell you, Goldman Sachs would thrive with the new freedom to exploit people more under a Ron Paul, not to mention all the other disastrous effects.

You're probably right. Ron Paul alone couldn't change anything other than allowing gold to be legal money and to compete with the USD, and he probably couldn't even do that.

The only way to get out of the influence of the large banks and governments controlling our currency is a collapse like what this trader predicts for Europe. If the right people come to influence they could put in place a monetary system based on full reserve banking of commodity backed currencies and free themselves of the control of banks and governments controlling money. Even then a collapse like that people may still revert to the old ways.

 

[bfdd]

Goldman Sachs were selling Credit Default swaps to their customers which they KNEW were worthless in fact they were hedging against them in private. The worse part of this is none of the "actors" who were instrumental in the collapse of our Economy have been brought to Justice. The list is long and you would have to start with some of the idiots who are currently in Congress and then work you way over to Wall Street.

I will watch the video later no sound on this server computer.

Does anyone even know all of their names? Of course not lols. We, the public, have no clue who is really responsible. Just people hiding behind corporate names.

 

[Craig234]

You're probably right. Ron Paul alone couldn't change anything other than allowing gold to be legal money and to compete with the USD, and he probably couldn't even do that.

The only way to get out of the influence of the large banks and governments controlling our currency is a collapse like what this trader predicts for Europe. If the right people come to influence they could put in place a monetary system based on full reserve banking of commodity backed currencies and free themselves of the control of banks and governments controlling money. Even then a collapse like that people may still revert to the old ways.

We need better than post-apocalyptic plans, that would be even worse than this. It's not that complicated, getting money out of politics is perhaps the best single issue.

When politicians work for the rich against the people because they have to get elected, we can't fix things.

The question is, can we fix that before the rich interests destroy the very power of government and/-or democracy? We have enough people who hate government already.

 

[bfdd]

Craig, you endorse Obama. A buddy of GS. You endorse progressives, most of which get huge endorsements from wall street. Shut up Craig, you're a fucking idiot.

 

[momeNt]

We need better than post-apocalyptic plans, that would be even worse than this. It's not that complicated, getting money out of politics is perhaps the best single issue.

When politicians work for the rich against the people because they have to get elected, we can't fix things.

The question is, can we fix that before the rich interests destroy the very power of government and/-or democracy? We have enough people who hate government already.

Nobody would go for dismantling the federal reserve and giving control of currency back to the market, and laws stating that lending what you do not have is fraud and stealing. So the best I can hope for is a post-apocalypse reform because banks and government will never relinquish that power.

 

[yllus]

Oh, come on now - that was silly. He didn't say anything that isn't common knowledge, and he's making certain actors (GS) out to be something they're not.

Will Goldman Sachs try to profit off of a currency collapse if it happens? Yes, just like any other investor will. Anyone who's read even the minimum about investing knows that one of the best times to invest is when the market is imploding. Do they know more than the average investor because of their money and familiarity with the corridors of power of the world? Definitely.

But that doesn't get them some supernatural power over the presidents and prime ministers of the world - nor do they want the world to end (there's no money to be made in the post-apocalypse). At the end of the day it's still the failings of politicians, systems and voters that have led to this.

 

[Jaskalas]

Problem is, who is going to bring Goldman to justice when they rule the world financially? They've been slapped on the wrist already, nobody can touch them.

Conservatives, opposed to bailouts, would have 'touched' them by watching them fail.

 

[yllus]

Conservatives, opposed to bailouts, would have 'touched' them by watching them fail.

Hank Paulson, the Republican Secretary of Finance under President Bush, practically single-handedly saved Goldman Sachs from collapse in 2008. He tried his best to make sure Lehman Brothers, Bears Stearns, Merill Lynch and Morgan Stanley were also saved. He had the full backing of that entire Republican administration.

 

[Zebo]

I thought more interesting part was "Savings Of Millions Of People Are Going To Vanish" who don't prepare. GS et.al. ruling the world is nothing new.