The more I listen to guys like Alessio Rastani, the more it becomes clearer. That term wealth transfer is a powerful term, we don't have to suffer like people did in the 30's during the great depression. We have all of the tools and the information to survive and thrive. I myself feel privileged that you are sharing this information with the masses. Thank you.
actuallly when markets crash and the economy crashes the general population, if prepared, can spread the wealth. it is the best time for the peasants to become even. capitalism is the most efficient system. what you're not understanding is our "economy" not the financial "system" is debt based. the two have nothing to do with each other.
what do mean, how can i make myself even when the system goes down!! do you mean short selling stock!!? but that's a huge risk!! imagine that i borrow stocks and try to short and they go up, that a big problem i'll lose my money!! and on the top of that you have to use leverage to short sell!! Or do you mean when things go down if you have money should you buy property!!?
Can anyone please tell me where Alessio Rastani is from? I know he grew up in London, but he speaks with an American accent. Yet from his looks and from his name, he might be ethnically Indian or Iranian. Let me know if someone finds out for sure. Thanks!
This guy has put himself in the firing line among his peers , refreshingly honest for his trade , one flaw though his emphasis is still on money and markets using his obvious insider knowledge 2 out the 1 %
Wow. Gold was very cheap back then, and Alessio was right. The gold price is now $2500 in 2024! I wish I had bought gold instead of silver back then. 😭 In fact, I should have bought Bitcoin. I heard of Bitcoin for the first time around 2012.
@uzernam3 Oh it is frustrating when people refuse to hear thoughts on market timing and trading issues, they assume you are trying to guess the exact price of future trades. It's merely acknowledging the market is irrational and the variable of time value. Many many fundamental calls that were essentially correct in concept and reason end up being unprofitable because the timing was off.
Great 😃👍 interview buddy. But c'mon, always the same flaw, you goldbugs 😂: "GOLD EVENTUALLY TO 4000!” 🤣 It was $1600... like it is now, after 11 looong years! How many times goldbugs need to be proved wrong to give up?! 🤭 Btw, from Alessio to Alessio, always a pleasure hearing you mate. Keep up the good 🤪 work.
3. Selfishness. No one looks after you because it's a competitive environment, so you better take care of your goals because no one will for you. So what can you expect from a capitalistic society with this awesome mix, in which most people have to be that way if they want to pay their bills and have their basic biological needs met. By the way scarcity today is more like a creation, because we produce food for 12 billion people and we are 7, and 1 of those 7 billion have nothing to eat.
Look, I've seen a lot of definitions in wiki, just like competitiveness in an "economic" context. And it was pretty laughable. What competition really means is 2 or more than 2 people fighting to get the same thing. So what does competition do and mean? 1. Scarcity. Not everyone can get what they need, so they have to compete. 2. Greed. If it's about how much you can get for yourself, then what should you expect from goverment, politics and corporations or even people in the labor field.
Call it what you want, the point is that this system does not allow everyone to benefit, even less, does not allow everyone have a decent standard of living. The very foundation of the system its debt and scarcity.
He says "you too can make money out of this situation" but the lie is that no EVERYBODY can do that. The system wont allow that, because its based on scarcity and debt. Bottom line, this capitalism system its not sustainable and eficient to achieve prosperity to humanity.
Theres no system that allows everyone to benefit... thats been used so far...I think if men put their mind and will to something, that can be achieved. Call me utopian, to me utopia is something that hasn't been done yet. If we are men of reason is just enough to look back in history and see what the human race has accomplished to arrive the conclusion that we ( the human race) can design and implement a better system to the current for a more fair society.
of course who controls the markets are goldman and the edger founds and these are getting out or making money with the fall in a coordinated matter the others are just getting hit and most will loose everything
Some truth to this but why the hell would you not buy good companies at a cheap price? If the markets plunge 40% the best thing you can do is dollar cost average so I don’t know what the hell he is talking about. Hedge funds made a killing the year he ranted about this
Traders represent the long arm of the institutional power and money, not the common man and women interest! Alessio Rastani is simply trying to clean up his image after having told tales out of school, which is a good thing! Notice the flattery of the Irish people, " the Irish are good people!" He, and his banking ilk, will pick the pockets of the Irish people on any given day! A Trader is a TRADER!!
Trading is largely gambling, because you don't have full knowledge (or even close!) of all the variables. There are millions of actors in the markets, thus it's been called casino capitalism for a good reason. For those whom trading is not a gamble, have insider information; except insider trading is illegal, yet it's prevalent.
Capitalism is about making more and more money. The people who have the money, have the power to pay off anyone they want. So, is capitalism not corporatism? I would say the seccond one is the consequence of the first one.
This is just a sample of how truly hostile a European audience is towards traders, the fee market, short selling , speculators and anyone whom tells the bleak truth. Much more so then an American audience. It's really going to come back and bite them for not appreciating the services traders have to offer.
if you take a chimpanze and let him trade as oppose to an amateur trader, chances are they will have equal profits/loss it IS gambling, even if you study msc finance which i did and know about derivatives, put or call options, forwards, futurs, different strategies, spotting arbitrage opportunities, at the end of the day the markets are not always rational, i wrote a these on behavioural finance in relation to the Euro zone crisis
Rastani isnt speaking anything new when it comes to "be prepared" and profit from downfalls as well as price climbs. People like Robert kiyosaki has been saying similar things for years. however its the masses of people who choose not to take action or brush it off as BS. when the shit hits the fan, the same people complain that things shouldnt be this bad and everythings a scam.