Posted on 04/05/2014 9:55:58 PM PDT by Nachum
Yes. In 2008 the government wrote blank checks to bankers to prop up the system. But there is absolutely no willingness to do that again. No only that, but the SEC is finally starting to punish them for illegal behavior, although so far they are getting fined instead of thrown in prison. These bankers are caught in a trap where what their superiors told them to do was illegal, and instead of getting rewarded for it, they are now seeing that they are the bagholders.
The political right has just as many head in the sand idiots as the political left. If they can’t see it, it can’t hurt them.
Unfortunately they revel in their ignorance.
A year ago ABN AMRO defaulted on gold delivery.
Maybe this guy was going to whistleblow. The gold held by bullion banks in the LBMA system has been estimated to be hypothecated at about 70 to 1. Which means 70 people think they own each oz of gold.
If/when the LBMA system unravels then Gold will surge up to at least $5000/oz and 10 yr treasuries will look like the garbage they are. A massive devaluation of the dollar would be inevitable.
If the ex-CEO was thinking of going public about the true state of the gold market then it would have been well worth arranging a very public hit.
That’s quite a message.
The poo-pooers don’t realize that the bansker’s were behind Obama’s rise to power. It’s John Brennan tying up loose ends...
I think some of them are totally aware of it, and working for the other side.
Look! A bunny!!!
Lots of funny business (no pun intended) going on. Somehow it involves a great deal of people too. The banks, Chinese, Russians, English, our own Wall Streeters. Could be Gold, the Dollar, slimy real estate deals, national sovereignty, and war.
Could be any or all of the above. :(
Perhaps the reason there are so many dead bankers is because there are so many bankers?
Regardless... that is still a staggering number.
Watch one of these videos or just scroll in about 5:35 on the first video and watch details unfolding . . . LOL !
*Ping* ! . . . to my # 34
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.