It looks like what I said yesterday was not accurate. I said that Alessio Rastani was a professional trader. In reality, this so-called trader in the video is much more of a talker than a trader. I and the BBC and probably many other media outlets got hoodwinked on this one. I am sorry for that. (Click here for a link that really explains Rastani’s qualifications.) Now that revision and correction is out of the way, I believe what he says is on target. I think that is why he fooled so many into thinking he is a big time trader. That said, I think the video is still worth listening to. What follows is my original intro to the video.markets? Talk to a trader. Traders are getting ready to harvest some big fast money in the next calamity. When is the next crash going to happen? I don’t know, but traders are setting themselves up for it now. If you are not a professional trader, there is only one thing you can do, and that is follow my number one rule of investing: Do not lose money!!!! Rule number two of my little investing handbook is: See rule #1! According to independent trader (see above revision and correction above) Alessio Rastani, “the savings of millions of people are going to vanish.” Mr. Rastani gave a chilling appraisal of the current economy and where he thinks it is heading. Not everyone is going to lose money; some are going to get fabulously rich from the next downturn. Please take the time to listen to all of this interview that aired recently on the BBC:
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Greg is the producer and creator of USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows.