The stock market is toast?!
Have you seen this guy on the BBC news site? Alessio Rastani is a very candid Forex and Share trader who spilled some beans on a BBC interview that really needed to be said. Basically, he's saying that the current financial and trading systems are screwed. There is too much debt in the western world, and Quantitative easing isn't going to resolve it. I've been very worried about the way the American and Euro economies have been going for the last few years. It's been nuts that banks have been bailed out with tax payers money, when we are supposed to be living in a free trade, competitive capitalist market. Any company that fails to keep good books, or uses shady trading tactics needs to be allowed to go under. It's the law of natural selection, that we have always been told our business platform is based on.
So, get with it guys - make a bucket load of cash if you can, but for gods sake don't just keep it in the bank. Buy land - buy physical metal (Gold, Silver, Copper, whatever), but don't allow your savings to disappear in a cloud of super inflationary bank sodomy over the next couple of years.
This guy is not a hoaxer. If you read between the lines here, this guy is saying - don't bother saving money, cause it will soon be worthless. If all the nobs with huge savings started spending instead of selfishly hoarding, this recession could be over in no time. Perhaps it's time that the western markets were given a reboot - we would all lose everything, but at least the hoarding, money grabbing and non spending classes would all end up in the same mess - allowing us to start again with new technological methods in mind, and financial transparency in government. meh.
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