Trader: Europe Is Toast and Goldman Rules the World
"I'm pretty confident that this particular rescue plan, it doesn't matter how much they want to put in, it's not going to work, because this problem cannot be solved. I'm fairly confident the euro is going to crash and it's going to fall pretty hard, because markets are ruled right now by fear," said Alessio Rastani. "Investors, the big money, the smart money, the hedge funds, the institutions, they don't buy this rescue plan. They know the market is toast."
Umm, Happy Monday?
While Rastani is not the first to voice his doubts about a European rescue plan, his explanation is a bit more provocative than most.
Governments are not capable of avoiding another financial meltdown because they aren't the ones who "rule the world."
Take a wild guess who does rule the world.
"Listen, I would say this to everybody who is watching this. This economic crisis is like a cancer. If you just wait and wait, thinking this is going to go away, just like a cancer is going to grow and it's going to be too late," Rastani said. "What I would say to everybody is, get prepared. This is not a time to wishful think that the government will 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 does the big funds."
That's right, the vampire squid strikes again.
Pretty ugly news if you ask me, but Rastani's not really worried. In fact, he seems practically giddy.
"Personally, I've been dreaming of this moment for three years. I have a confession, which is I go to bed every night, I dream of another recession."
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