World economy talk

[uls]

this video has gone viral

[ame]www.youtube.com/watch?v=lqN3amj6AcE[/ame]

[Ry_Tower]

^ haha. GS rules the world! Same theme with the documentary film by Michael Moore, Capitalism: A Love Story

[Monseratto]

Let me bet that those negative comments came from jewish businessmen and critics...

After his interview with BBC television went viral, independent trader Alessio Rastani has been called immoral, satanic, and a charlatan.

But he has also been called something else: sensible.

"People should not see me as an enemy, they should see me as a friend," Mr Rastani, 34, told smh.com.au from his South London home today.

"I am happy to point them in the right direction, so they can learn how to actually profit from a market crash."

And he said emphatically that his comments, which have gone viral on the internet since an interview with the BBC, are not a hoax.

Mr Rastani declined to say how much money he earned in his most successful year - "that's between me and the tax man" - but said he was not raking in millions.

His most successful year as an independent trader was 2008 and early 2009 - "that was a great market, and that's why I am looking forward to another".

He said he studied law at the University of Wales, before working for a financial institution he would not name.

Five years ago, he started trading for himself because of the "freedom" it afforded.

"I sat down and followed what [experienced traders] did, and learned a lot from them.

"I've never been the kind of guy who works for anybody. What I really wanted to do was be independent.

"Some people say that it is a negative that I don't work for a financial institution - I think it is a positive. Financial institutions are making bankers unemployed right now. In this climate it is safer to be trading for yourself," he said.

He was also strident in stressing he is not part of an elaborate hoax - "I am a trader and I am a public speaker. But people can say whatever they want, it is a free country."

UK newspapers last night suggested he was part of the satirical duo - the Yes Men, who create hoaxes to embarrass large institutions.

Mr Rastani denies this, and the Yes Men duo claim they do not know him.

"We've never heard of Rastani. Despite widespread speculation, he isn't a Yes Man. He's a real trader who is, for one reason or another, being more honest than usual."

In his interview with the BBC, he said that world leaders could not fix the eurozone debt crisis, and that the investment bank Goldman Sachs ruled the world.

Most provocatively, he said he dreamed of the money he would make from a recession.

"For most traders, we don't really care that much how they're going to fix the economy, how they're going to fix the whole situation, our job is to make money from it," he told the BBC.

"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."

But Mr Rastani urged people to learn from his comments, and seek out ways to make money from a crashing market.

"People who have been more critical of me are saying that I am enjoying, that I am smacking my lips, and making money from other people's misery. That's not true at all, that is not me as a human being," Mr Rastani told smh.com.au

"What I would say, is if you are sitting around waiting for the government to sort out this financial mess - be prepared to wait a long time.

"During that time, there will be people like me, in the trading business who are going to make a killing in this climate. If you don't get yourself educated, and learn how to make money in this market, then you could be left with nothing."

He said he was merely voicing the opinions of many traders, and rejected the idea he was heartless.

"I never said I was looking forward to people losing their jobs, I just said if you are going to wait for the government to help – you are going to lose everything. The government doesn't care, the banks don't care

Read more: Who is Alessio Rastani?

[eld]

Ah...my favorite people, the Land Grabber Reptiles from the Subaru star system. Always hiding behind that bullcrap "Anti-Semitism".

BTW, possible market blood bath starting 4th monday of October which coincidentally (or not) is Jewnited Nations Day.

[uls]

the price of which metal is the most accurate gauge of the global economy?

gold?

silver?

nope

it's copper

[Monseratto]

Another brilliant plan from the one-termer president...

Obama wants jobless to sue

The millions of unemployed Americans might be able to file discrimination suits against would-be employers under a provision in President Barack Obama’s American Jobs Act.

Most unemployed Americans remains jobless for an average of 40 weeks as of late, the longest duration since the Eisenhower administration. If the current president’s proposed plan is approved, however, those that feel that they are discriminated against for their employment status can take legal action.

The exact wording of the proposal suggests that should a business with 15 or more employees neglect to hire an applicant on basis of “the individual’s status as unemployed,” it would be deemed “an unlawful employment practice” under the American Jobs Act. Should rejected applicants chose to seek legal action, they are capable of suing in the same way that applicants can currently peruse claims for discrimination based on race, *** and religion.

Under the provision, jobs-seeking applicants and employment agencies would be barred from advertising positions in which they specifically suggest that the unemployed aren’t eligible for hire. Earlier in 2011, New Jersey approved a legislation that outlawed the same practices in the Garden State. That law is the first state bill of its kind to pass. Obama’s proposal is unique, however, in that it allows workers to file claims for damages if they feel that they would wrongly discriminated against based on job status.
Texas Representative Louie Gohmert, a Republican, tells The New York Times that it could change the whole way applicant go about the job process. "If you're unemployed and you go to apply for a job, and you're not hired for that job, see a lawyer. You may be able to file a claim because you got discriminated against because you were unemployed,” says Gohmert.

Some say that the legislation could be a great step in helping lower the unemployment level, but others warn that it could be a slippery slope. "This is a troubling aspect of the AJA, allowing a person to sue," says labor attorney Daniel Saperstein to Human Resource Executive Online. "Would that make it enough for a person to say, 'I saw your ad' and filed a lawsuit? The New Jersey law does not allow a private right of action, and that makes more sense."

Should Congress approve the American Jobs Act, President Obama hopes it can bring the unemployment level back below 9 percent where it has been for months now. Currently around 14 million Americans are officially unemployed, nearly half of whom have been jobless for six months or longer.

Obama wants jobless to sue — RT

[Ry_Tower]

Another brilliant plan from the one-termer president...



Obama wants jobless to sue — RT

Stupid move, juts giving hope when there is none.

[uls]

^^

the negative effect is -- fear of getting sued will discourage businesses from hiring

one of Obama's job creation ideas

amazing

[tidus1203]

Yep I have said before, Obama is a one term President except if the Republicans can't get a bankable bet. Pero kung si Romney or Perry yan, wala na si Obama... If for some odd reason some other nominee wins like Herman Cain or Michelle Bachman medyo may chance pa si Obama.

Obama is justo too anti-business for the economy to grow. He is too left wing, too pro-labor...

[eld]

Although in non-crisis times mas malaki ang growth pag Democrat ang president.

[uls]

Kodak

[tidus1203]

Kodak

Rumors of bankruptcy... Yan ang tinatawag na the WEAK WILL PERISH. They were not able to quickly transform their business into the digital age.

[uls]

Q3 ends

US 10 yr treasury yield

[uls]

probable 75% haircut for Greece bondholders

E per le banche salvare Atene costa ancora più caro | Linkiesta.it

30 settembre 2011 - 18:00

La ristrutturazione del debito greco potrebbe subire una brusca accelerazione. Durante il Consiglio europeo del 21 luglio si è deciso il secondo piano di salvataggio di Atene, circa 109 miliardi di euro, di cui 37 sulle spalle dei creditori di Atene. E proprio quest’ultimo accordo sarebbe in fase di revisione, data l’insufficienza dell’impatto all’interno del programma di consolidamento fiscale greco. A confermarlo a Linkiesta, in via confidenziale, sono fonti della Banca centrale europea (Bce). «Sul tavolo del prossimo Eurogruppo (lunedì 3 ottobre, ndr) ci sarà probabilmente anche questo tema, anche se in via non ufficiale», spiega un alto funzionario dell’Eurotower. Il progetto attualmente al vaglio della troika composta da Fondo monetario internazionale (Fmi), Commissione Ue e Banca centrale europea (Bce) prevede perdite del 75% sul valore nominale dei bond ellenici detenuti in portafoglio dai creditori privati e non il 21% inizialmente previsto. Due le conseguenze: ingenti perdite per le banche europee e uno scenario simile a quello dell’Argentina per Atene. Anche dall’Italia arrivano conferme informali. Un alto funzionario dell’Associazione bancaria italiana (Abi) spiega a Linkiesta che «qualcosa si sta muovendo».

translated:

September 30, 2011 - 18:00
Debt restructuring greek could suffer a sharp acceleration. At the European Council of 21 July it was decided the second bailout of Athens, about 109 billion euros, including 37 on the shoulders of the Athens creditors . And this agreement would be under review, given the failure of the impact of fiscal consolidation program in greek. A Linkiesta to confirm, in confidence, are sources of the European Central Bank (ECB). "On the table next Eurogroup (Monday, October 3, ed) there will probably also this issue, though unofficially," said a senior official Eurotower. The project is currently under review by the Troika consists of the International Monetary Fund (IMF), EU Commission and European Central Bank (ECB) expected loss of 75% on the nominal value of bonds held in portfolio by the Hellenic private creditors and not the 21% originally planned. There are two consequences: huge losses for European banks and a scenario similar to that of Argentina in Athens. Even informal confirmations come from Italy. A senior Italian Banking Association (ABI) Linkiesta explains that "something is moving."

[Monseratto]

Wouldn't be suprised if a mass movement would come out of this... Michael Moore for President.

BBC News - Hundreds of Occupy Wall Street protesters arrested

More than 700 people from the Occupy Wall Street protest movement have been arrested on New York's City's Brooklyn Bridge, police say.

They were part of a larger group crossing the bridge from Manhattan, where they have been camped out near Wall Street for two weeks.

Some entered the bridge's roadway and were met by a large police presence and detained, most for disorderly conduct.

The loosely-organised group is protesting against corporate greed.

They say they are defending 99% of the US population against the wealthiest 1%.

Occupy Wall Street called for 20,000 people to "flood into lower Manhattan" on 17 September and remain there for "a few months".

Several hundred remain camped at Zuccotti Park, a privately owned area of land not far from Wall Street.

"This was not a protest against the NYPD. This was a protest of the 99% against the disproportionate power of the 1%," protester Robert Cammiso told the BBC.

"We are not anarchists. We are not hooligans. I am a 48-year-old man. The top 1% control 50% of the wealth in the USA."

Another protester, Henry-James Ferry, said: "It is not fair that our government supports large corporations rather than the people.

"I only heard about the protest on day one when I came across it. I then decided to go back every day," he told the BBC.

On Friday, about 2,000 people marched under the Occupy Wall Street banner to New York's police headquarters to protest against arrests and police behaviour.

Some 80 people were arrested during a march on 25 September, mostly for disorderly conduct and blocking traffic, but one person was charged with assaulting a police officer.

A series of other small-scale protests have also sprung up in other US cities in sympathy with the aims of Occupy Wall Street.

[tidus1203]

If Obama is making it worst for the economy by being too LEFT... Micheal Moore would destroy America and make American business go elsewhere for sure hahaha

[uls]

NY Post cover Oct 2 2011

[uls]

watch this bank

[uls]

hang seng

[Monseratto]

NYMEX Crude