Here's a pretty remarkable interview with independent stock and forex trader Alessio Rastani on the BBC this morning, in which he's either being perfectly candid about how traders are viewing the Eurozone crisis, or he's just trolling. Anyway, he's a sociopath.
He says that the euro's collapse is inevitable and that the "savings of millions of people are going to vanish," within the next year, and there's not much that governments can do about it — not that he cares one way or the other:
"For most traders we don't really care about having a fixed economy, having a fixed situation, our job is to make money from it," he said. "Personally, I've been dreaming of this moment for three years. I go to bed every night and I dream of another recession."
And in case that's not already enough to guarantee paranoid circulation of this clip for years to come, he also notes, "The governments don't rule the world, Goldman Sachs rules the world."
But there's an upside, says the trolling trader: You can bet against the Eurozone too!
Rastani said traders aren't the only ones who can benefit from the crisis.
"When the market crashes... if you know what to do, if you have the right plan set up, you can make a lot of money from this."
This is probably an easier task, though, if you're a highly trained professional trader in the global financial markets.
[via E.D. Kain/Forbes]