Posted on 08/10/2012 11:13:07 PM PDT by STARWISE
..Zing!
WTH! OMG! I need to get a bigger mattress.
BFL
Glad I’ve been rolling over into gold and other assets.
Frankly, I thought this lesson was learned long, long ago. My dear old Dad got robbed out of his pension when the bank he worked at for decades was bought, stripped, and resold. That was in the ‘80s.
Will try to Bump it tomorrow.
Is that physical gold or paper gold? Gold in a financial instrument is no better than the funds in the article.
...the means by which ALL the money in pensions funds/IRA’s/401K’s will be subsumed into the monster derivative sinkhole the major banks have tied the Federal Treasury to...
LOL!
No, dude. I buy the gold I can roll around in my hands, just like G. Gordon Liddy.
This is one of the most important posts in quite some time. Thanks so much for finding it. I was watching CNBC and Fox Biz most of the morning, listened to Limbaugh 12 to 3 and heard not a word about this.
Thanks .. the world is collapsing around us, truly.
God help us ..the barbarians are inside the gate,
and there are no stops or sheriffs in town, it
appears.
Knight
Peregine
MF Global
etc
etc
etc
and no one at Goldman Sachs gets jailed for their
travesties, they just have to pay $500M in fines, etc.
http://www.theroot.com/buzz/goldman-sachs-settles-fcc-500-million
~ ~ ~
CME Considers Clearinghouses as Investor Confidence Wanes
By Matt Egan
Published July 23, 2012
FOXBusiness
Excerpt:
Read more: http://www.foxbusiness.com/investing/2012/07/23/cme-considers-clearinghouses-as-investor-confidence-wanes/#ixzz23DWDBgfg
Alarmed by recent transgressions in the futures industry, the CME Group (CME: 53.59, +0.08, +0.15%) told customers on Monday it’s exploring the idea of deploying clearinghouses to hold all customer segregated funds.
Such a move would be aimed at restoring some of the trust in the industry, which has been roiled by the collapse of MF Global last year and the July 10 bankruptcy filing by Peregine Financial Group, or PFG.
“CME Group is appalled by the recent misuse of segregated funds by two firms, MF Global Inc. and PFG, particularly since there has never been anything like it in the history of the futures industry,” Executive Chairman Terry Duffy and CEO Phupinder Gill wrote in a letter released on Monday.
Under the current system in place, futures brokerages hold onto customer funds but are supposed to keep this money segregated to protect it.
CME said not protecting customer funds “is such a fundamental breach of trust” that the current system certainly needs to be “reevaluated.”
~ ~ ~
Who is protecting the citizens???
Is this author credible? I’ve just recently stumbled upon some of her posts and videos and don’t know anything about her.
I don’t personally care for her style of writing but the factual information is correct.
BTTT....scary stuff.
I’m not in the investing or financial field, and I’ve been reading her for months. In addition to being a fervent Catholic warrior, she definitely doesn’t mince words and throws out the raw and painful truth as she, a former commodities trading firm owner, sees it.
This is her letter to her clients explaining why she was closing up shop:
You can go to her site and scroll down for all her posts.
I’m sure you’ve seen Michael Voris’ latest .. it is appalling, is it not?
Yes, Dr. Kopp, she is not only credible, she is a Roman Catholic who could easily be St.Joan of Arc. This woman has all the fine attributes of a Crusader!
She operates Cornerstone Cattle Marketing, and advises cattlemen on how to market cattle.
I’ve met her. She walks the walk.
It sure is, BG ... holymoly.
“This ruling and precedent will be used by every brokerage, every bank, every insurance company and every pension fund to deny you your money when the financial system finally collapses, be it on Monday, or be it two years from now.”
Where have you been Ann? that’s the essence of the 08 bailout and follow-up Extortion-Care 2014 Plan. Moral Hazzard breached. And the backing behind HillaryRomneyExtortionCare.
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