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Trader on the BBC says Eurozone Market will crash

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Market is gona crash and it's gona fall pretty hard. Because markets are rulled right now by fear. Investors and the big money, the smart money I'm talking about the big funds, the hedge funds, the institutions they don't buy this "rescue plan". They basically know, that the market is toast. They know the stock market is finished. The Euro as far as they are concerted, they don't really care they are moving their money to safer assets like treasury bonds thirty years bonds and the US dollar, so it's not gona work. We keep hearing, that whatever the politicians are suggesting ... so far isn't right. Can you pin down exactly what would keep investors happy and make them feel more confident. That's a tought one. Personally, it doesn't matter. See, I'm a trader. I don't really care about that kind of stuff. If i see an oportunity to make money, I go with that. So for most traders It's not about ... we don't really care that much how we're gona fix the economy, how we're gona fix the whole situation. Our job is to make money from it. And personally I have been dreaming about this for over three years. I have a confession which is that when I go to bed every night is that I dream about another recession. I dream about another moment like this. Why? Because people don't seem to maybe rememeber, but the thirties depression, the depression in the thirties wasn't just a market crash. There were some people who were prepared to make money from that crash. And I thing that anybody can do that. It isn't just for some people in the elite. Anybody can actually make money. It is an oportunity. When the market crashes, when the Euro and big stocers crash, if you know what to do. If you have the right plan set up, you can make a lot of money from this. For example, hedging strategies is one. Then investing in bond, treasury bonds. That sort of stuff. If you could see the people around me, jaws were collectively dropped from what you've just said. Ok, we aprecieate your candor however but it doesn't help the rest of us, or the rest of the Euro zone. I'm gona say this, listen. I wish everybody was watching this. This economic crysis is like a cancer. If you just wait and wait thinking that this is gona go away. Just like a cancer it's gona grow and it's be too late. What I would say to everybody is: get prepared. It's not a time right now to wishful thinking that the government is gona sort thing up. The governmnets don't rule the world. Goldman Sachs rules the world. Goldman Sachs does not care about this rescue package, neither does the big funds. I want to help people. People can make money from this, it isn't just traders. What they need to do is learn about how to make money from a downward market. The first thing people should do is to protect their assets. Protect what they have. Because in twelve months - my prediction is - the savings of millions of people is gona vanish. A it's just a beginning. So, I would say: be prepared and act now. The bigest risk people can take right now is not acting. ... thank you very much for talking to us. Have you been dreaming about economy? I try not to.

Video Details

Duration: 3 minutes and 29 seconds
Country: United Kingdom
Language: English
Genre: None
Views: 303
Posted by: alesr on Sep 27, 2011

Trader on the BBC says Eurozone Market will crash

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