2011-09-27 Market trader on BBC: "I go to bed every night and I dream of another recession"

Yesterday, market trader Alessio Rastani gave the BBC a eerily candid analysis of where we stand: “the euro market is gonna crash, and it’s gonna crash pretty hard. [Investors] know the market is toast; they know the stock market is finished; the euro, as far as they’re concerned, they don’t really care, they’re moving their money to safer assets.”

Rastani then goes on to frankly admit that he’s actually excited about this prospect. “If I see an opportunity to make money, I go with that … Personally, I’ve been dreaming of this moment for three years. I have a confession, which is, I go to bed every night and I dream of another recession, I dream of another moment like this.”

After the BBC anchorwoman tells him that the jaws of those in the studio have collectively dropped to the floor, Rastani, with a smirk on his face, decides to push their jaws down just a little further:

“This economic crisis is like a cancer … what I’d say to everybody is: get prepared … this is not a time right now [for] wishful thinking that government is gonna sort things out. The governments don’t rule the world. Goldman Sachs rules the world. Goldman Sachs does not care about this rescue package, neither [do] the big funds.”

Rastani ‘kindly’ concludes by saying he wants to help. “Prepare,” he says. “The first thing people should do is protect their assets, protect what they have. Because in less than twelve months, my prediction is the savings of millions of people [are] gonna vanish. And this is just the beginning. So I would say, be prepared and act now. The biggest risk people can take right now is not acting.”