In a controversial interview with the BBC Alessio Rastani, and independent trader, stated that banks and not governments rule the world. Devote 4 minutes to watching Kristine Frazao investigate what he said:
Now with markets moving on Italy and other countries with sovereign debts, it’s a good time to contemplate who really decides what happens in the world economy. Is it more important that traders make profit than what happens to, say, the entire population of Italy? Not to mention the whole world with the recession in Europe getting worse, or at least being prolonged. What can governments do to really counteract what speculators are doing?
Do you agree with Rastani that if we wait for governments to sort out the problems in the world economy we will wait a long time? Are the banks controlling what happens? Is he correct when he says that traders welcome a recession because it enables them to make money faster? Do you agree that it’s easier to make money in a downward market? Will the problems in the world economy go on indefinitely if we expect governments to sort things out? Do you agree with Rastani that the world economy will collapse again? Or do you believe governments will manage to make the global economy work and grow again?
Video: RTAmerica – You Tube