BBC Speechless As Trader Tells Truth: Market Is Toast

His views on gold and silver

[youtube]http://www.youtube.com/watch?v=cQhW_K0CUJo[/youtube]
 
auspm said:
I have absolutely no sympathy for those who are about to burn.

None.
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I don't mean to be rude, or pick a fight but I think that's a pretty brutal thing to say. You aren't worried about retirees who will be forced back to work, parents who will be forced to work harder and spend less time with their children? What about the next generation who will be forced to come of age through all of this?

God forbid we see a currency or banking crisis.. The middle class will be destroyed..

We've all been lucky enough to see it ahead of time, and we all had our 'aha!' moment. However, having that moment was mostly luck for most of us (me at least)...
 
auspm said:
It's reality.

I have absolutely no sympathy for those who are about to burn.

None.
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Especially if they are the most vocal critics of the few who are preparing for the worst. :)
 
auspm said:
mickjohn said:
Interesting follow up.
Is the trader from hell actually a hoax.....
http://www.news.com.au/business/get...arns-bbc-viewers/story-e6frfm1i-1226148440353
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He certainly could be a shonk, but that doesn't mean his message is wrong. But if you can attack the credibility of the source, you can denounce the credibility of the information.

THAT is the real agenda of this article.
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Psyops 101........ damage the credibility of a messenger in order to subvert the message (irrespective of the veracity of the message content).
 
Guy isn't fake, people just can't handle the fact that there are people like that out there (a lot of them).

I dislike what he said but unfortunately that's also the truth...
 
luckylukeonline said:
auspm said:
mickjohn said:
Interesting follow up.
Is the trader from hell actually a hoax.....
http://www.news.com.au/business/get...arns-bbc-viewers/story-e6frfm1i-1226148440353
Click to expand...

He certainly could be a shonk, but that doesn't mean his message is wrong. But if you can attack the credibility of the source, you can denounce the credibility of the information.

THAT is the real agenda of this article.
Click to expand...
Psyops 101........ damage the credibility of a messenger in order to subvert the message (irrespective of the veracity of the message content).
Click to expand...

Personally loved the interview! just posting the link out of interest.
TBH i couldnt care less if he is legitimate or not.

edit: I just re-watched the clip. Yeah.... something isnt right here.
 
Posted here on SMH as well :

http://www.smh.com.au/business/worl...rules-the-world-uk-trader-20110928-1kvv4.html

Interesting to note that some articles SMH posts they allow reader feedback/comments

But on others where they want to have the only say on a message, they don't allow it.

Usually reserved for smear campaigns like this and RE spruiking 'news articles'.

The Australian media is very insidious with it's subtle propaganda like this. Give people the right to contest openly only on the articles they don't give a damn about... block the rest.

Gives the illusion of being open and unbias, when really controlling the information flow.

Interesting psychology behind it if you are interested in that sort of thing.
 
auspm said:
Posted here on SMH as well :

http://www.smh.com.au/business/worl...rules-the-world-uk-trader-20110928-1kvv4.html

Interesting to note that some articles SMH posts they allow reader feedback/comments

But on others where they want to have the only say on a message, they don't allow it.

Usually reserved for smear campaigns like this and RE spruiking 'news articles'.

The Australian media is very insidious with it's subtle propaganda like this. Give people the right to contest openly only on the articles they don't give a damn about... block the rest.

Gives the illusion of being open and unbias, when really controlling the information flow.

Interesting psychology behind it if you are interested in that sort of thing.
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+ 1
 
I must admit, I was surprised to hear the guy say "I go to bed dreaming of another recession" on free-to-air TV.

Usually you have to pay $600 to hear a respected business coach say that.
 
systematic said:
it was interesting that he was recommending people to protect their savings
wish he had spoken more on that
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He also talks about investing in treasury bonds, he can have that, but his youtube video on gold linked to on the previous page was useful if you're into trying to time your purchases.
 
What the heck? Is that guy on video implying that people should be buying 30 year bond to protect their wealth????? Because 30 year bond is "safer" asset?
 
chimpanchu said:
What the heck? Is that guy on video implying that people should be buying 30 year bond to protect their wealth????? Because 30 year bond is "safer" asset?
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temporarily safer asset I think, or best of the worst, or place to store ammo for future
 
thatguy said:
chimpanchu said:
What the heck? Is that guy on video implying that people should be buying 30 year bond to protect their wealth????? Because 30 year bond is "safer" asset?
Click to expand...
temporarily safer asset I think, or best of the worst, or place to store ammo for future
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Pretty much a temporary thing, at least if you believe in the collapse of the USD.

Bonds might be 30 years but you don't hold them till the maturity of 30 years, at least usually.

Bonds are liquid (for now) and generally traded easily at market prices which are almost stagnant, they are low risk.
 
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