Occupy London Stock Exchange

‘I predict a riot … again’ – trader Alessio Rastani speaks at Occupy London’s new Bank of Ideas

Hackney Citizen,

Speaking at the newly-open Bank of Ideas, Alessio Rastani the Bank of Ideas warns of more global protests and riots

Controversial trader Alessio Rastani told Occupy London this weekend that next year will see more riots as the gravity of the global economic crisis hits home.

Rastani became an internet sensation in September when he told BBC News he “dreamed of another recession” and urged people to join him in betting against the market.

Speaking at campaign group Occupy London’s Bank of Ideas on Saturday, Rastani said people would see their money disappear as banks collapsed and widespread disorder would follow.

He said: “My prediction is that in the next twelve months as well we’re going to see protests and riots.

“Not just in London, not just in Wall Street but in every major city in the world.

“Why? Because people will get pissed off when their money vanishes in front of their eyes. They’re going to see the true scale of this crisis.”

He urged people to join Occupy and stand against bankers’ greed and a world hes says is ruled by corporations.

Some may see Rastani’s support for the movement as surprising, but he insisted this is not about being anti-capitalism.

He said: “Let’s put it this way: capitalism only exists if there’s fair competition – where’s the competition?”

Instead, he argues, we have what corporatism or cartelism where global banks control markets and governments.

Rastani appeared during a day of talks as the ‘Bank of Ideas’ opened to the public. Other speakers included political author Nicholas Shaxson and spoken word artist Belinda Zhawi.

Occupy London announced they had entered and secured the UBS-owned building on Sun Street in a press conference on Friday.

Occupy spokespreson Jack Holburn said: “As banks repossess families’ homes, empty bank property needs to be repossessed by the public.

“Whilst over 9,000 families were kicked out of their homes in the last three months for failing to keep up mortgage payments – mostly due to the recession caused by the banks – UBS and others financial giants are sitting on massive abandoned properties.”

He added they hoped this was the first in a wave of ‘public repossessions’ of buildings belonging to companies responsible for the global crash.

The multi-million pound property was empty for several months before Thursday.

Occupy say the offices and meeting rooms will be available for those who have lost nurseries, community centres and youth clubs due to government cuts.

The building’s Hackney location is itself statement. On the edge of the city, the vast UBS building has spilled over into one of London’s most deprived boroughs.

Supporter Ryan Healy, 22, a recent graduate said: “Areas like this at the edge of the city are where the people who caused the recession and some of the people most affected by it meet head-on. I suppose you can see it in those terms.”

NZ Herald editorial: callous trader shows need for fiscal literacy

Interesting editorial in that the writer is very selective in what he/she chooses to hear.  

For instance, the truth that Goldman Sachs, not governments, rules the world - and that the banks and their traders do not care about national economies.

What is the 'fiscal literacy' of the editorial writer?

NZ Herald

1 October, 2011

Desire to cash in on hard times is heartless but logical

Alessio Rastani ruffled more than a few feathers when he was interviewed on BBC television this week.

The self-styled independent trader said he dreamed of another recession because of the money he could make from it.

Cue outrage from those who looked at his comments from the perspective of those who would lose jobs and homes in another global downturn.

Yet if Mr Rastani was culpable, it was surely only to accusations that his outlook was callous.

In effect, he was simply saying that the best time to be in any market is usually when most others are out.

In relation to the stockmarket, the time to be in is not, as an American epithet attests, when hotel bellboys are talking about shares. Money can far more easily be made when they go back to talking about baseball.

And, as Mr Rastani suggested, the 1930s Depression was not a disaster for everybody. For some, it presented that very opportunity.

A version of this leads people to seize the chance to take advantage of sale items offered by struggling retailers during a recession.

Yet when turmoil hits financial markets, people tend to become herd-like in their flight.

Perhaps this is because most have only a slight knowledge of such matters. All the more reason, therefore, to heed the frequent calls for more attention to be paid to cultivating a wider financial literacy.

The furore about the tenor, if not the tone, of Mr Rastani's remarks merely reinforced this.

Step Aside BBC "Trader"

Head Of UniCredit Securities Predicts Imminent End Of The Eurozone And A Global Financial Apocalypse

Zero Hedge. 

28 September 2011

Either the YesMen have infiltrated Italy's biggest, and most undercapitalied, bank, or the stress of constant, repeated lying and prevarication has finally gotten to the very people who know their livelihoods hang by a thread, and the second the great ponzi is unwound their jobs, careers, and entire way of life will be gone. 

Such as the head of UniCredit global securities Attila Szalay-Berzeviczy, and former Chairman of the Hungarian stock exchange, who has written an unbelievable oped in the Hungarian portal Index.hu which, frankly, make Alessio "BBC Trader" Rastani's provocative speech seem like a bedtime story. 

Only this time one can't scapegoat Szalay-Berzeviczy "naivete" on inexperience or the desire to gain public prominence. If someone knows the truth, it is the guy at the top of UniCredit, which we expect to promptly trade limit down once we hit print. 

Among the stunning allegations (stunning in that an actual banker dares to tell the truth) are the following: 

"the euro is “practically dead” and Europe faces a financial earthquake from a Greek default"... “The euro is beyond rescue”... “The only remaining question is how many days the hopeless rearguard action of European governments and the European Central Bank can keep up Greece’s spirits.”...."A Greek default will trigger an immediate “magnitude 10” earthquake across Europe."..."Holders of Greek government bonds will have to write off their entire investment, the southern European nation will stop paying salaries and pensions and automated teller machines in the country will empty “within minutes.”

 In other words: welcome to the Apocalypse...

For article GO HERE

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

Mike Ruppert's comments on this video:

"I'm speechless... I think the guy's on our side. He was completely honest. It's confirmation of everything I've been saying. That means, of course, it is absolutely too late to stop. The next 48-72 hours are going to be critical... Hunker down and get small." -- MCR


He's also totally greedy and amoral!


As of now this guy's video has had  560,487 hits in approximately 24 hours!

Zero Hedge

In an interview on BBC News this morning that left the hosts gob-smacked (google it... it is the BBC after all), Alessio Rastani outlines in a mere three-and-a-half-minutes what we all know and most ignore. While the whole interview is worth watching, the money shot for us was "This economic crisis is like a cancer, if you just wait and wait hoping it is going to go away, just like a cancer it is going to grow and it will be too late!". 

While he dreams of recessions, sees Goldman ruling the world, and urges people to prepare, it is hard to disagree with much (or actually anything) of what he says and obviously interventions and machinations means we will have days like this (in Silver for instance), there is only one endgame here and we hope there is less hopeful euphoria (and more preparedness) as we pull back the curtain further and further.

While we do not know who this trader is, one thing we can be 100% certain of is that he will never appear on CNBC