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When I heard Gerald Celente talk about this the other day, I was shocked but not surprised at the criminal audacty of Corzine and his cronies. These bastards literally stole the monies in private segregated cash accounts of traders like Celente and used the money to gamble with big leverage. If they bet right, they would have pocketed huge profits and quietly returned the monies and the victims would never know of it. It is so outrageous that words cannot express my feelings. Corzine et al. are unconscionable greedy fucking lowlifes and now to add insult to injury they have stolen the monies and effectively told their pricate customers to pound sand. If Corzine doesn't do major prison time for this then no one can deny that the banking and financial system is utterly corrupt and immoral. If they steal your trading account today, they WILL steal your pension, savings and annuities tommorrrow, believe it folks. The only safety for wealth is outside the paper money scam, in physical tangible assets. And of these, the very best are physical gold and silver.
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So Your Safely Invested or Money Only Parked?
http://www.youtube.com/watch?v=dJ6JfCLqRLQ Uploaded by GuildF40 on Nov 11, 2011 "MY LIFE SAVINGS ARE FROZEN AS A CLIENT OF MF GLOBAL. THIS IS MY STORY....MY NAME IS FOTI GEORGIADIS" Follow his Twitter @moneywood1 www.moneywood.com |
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#7 |
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I stopped playing futures 21/2 years ago now realizing that even IF I made some profit in these corrupt markets, and I ignored the moral failure of continuing to participate in Wall Street's criminal and earth and civilization destroying games, the now even ignore the game rules crap like happened to Celente was going to get worse as the criminals running the Wall Street and its ports would stop at nothing to keep taking others wealth.
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#11 |
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I feel for Celente. This reminded me of what I read in Bob Chapman's latest International Forecaster:
We have been in or associated with gold and silver related assets and commodities for well over 50 years and we find we are not convinced that the failure of MF Global was just that, a failure. John Corzine’s background makes us wonder if something else may have been afoot. He had been a former CO-chief operating officer of Goldman Sachs, a high-level, political operator and a Senator and governor from New Jersey. From our viewpoint this is cause for questioning. In 2005 Man acquired Refco, which had failed. That became MF Global. The forced takeover worked out well. This time it worked out differently. There was liquidation only and all MF Global employees were dismissed and prohibited from functioning. This meant clients were frozen in their accounts, something that heretofore had never happened previously. Within this tragic event Mr. Corzine was to receive $12.1 million in severance, which we are told he is going to forego. We find that unusual. That is a lot of money. Could it be that Jon Corzine is a slippery sociopath? Corzine was a professional and a former top person at Goldman Sachs. Was he capable of making such a monstrous error? We do not know for sure, but we don’t think so. He was wired into all the right people in government and within brokerage businesses, particularly at Goldman. Could Corzine have deliberately taken MP down, so Goldman could move in and pick up the pieces for a pittance? Could the buyer be a connection to Goldman? Could it be that Corzine’s mission was to destroy MF Global? This is a connected professional; why would be load up on the junk bonds of Greece, Ireland, Portugal, Italy and Spain? He had a lot more intelligence than we had and we would not have done that. We believe the possibility exists that MF’s failure could have been a giant fraud. We will get a better idea when we see who the buyer is. Then we ask, where was the CFTC? As we have written Mr. Gensler was brought to power at Goldman Sachs by none other than Mr. Corzine. Mr. Gensler is the head of the CFTC. Does that ring any bells? This is the same CFTC that took three years to find out if big banks, such as JPM, HSBB, GS and Citi were rigging the silver market. They come up with nothing and all the evidence was given to them 2 to 3 years ago. We call that criminal and the SEC has done similar things, such as the Madoff affair. We can promise you the CFTC knew exactly what was being done at MF Global and probably covered up for them. We never had much contact with the CFTC but we can speak with authority on the SEC. They almost never go after large firms. They attack small brokers, newsletter writers and firms. Some call these agencies useful idiots – we call them crooks who prey on those who cannot fight back. The agencies are trying to cull small and medium sized firms for years. They want their friends at the biggest firms to have all the business. It could be Corzine was set up at MF Global to destroy it. After this really gets underway we wonder which will be the next firm to go bust. Our corporatist fascist government loves monopolies and that is where the stock and commodities brokerage business is headed. It will be of great interest to see how this turns out. Crime usually pays at the top level of the financial sector. MF Global is last, but unbeknownst to others the euro and the EU are in a similar position. They are in the middle of a totally corrupt system. Banks were overexposed 70 to 1. At the beginning of the credit crisis and they are still leveraged by 30 to 1. Worse yet, they lie about their quality of assets. We are looking at a Ponzi scheme of gigantic proportions, which is aided and abetted by the CFTC and the SEC. We started writing about these conditions in 1967 and in the intervening years we have brought on the wrath of government, the SEC and Wall Street for calling them the crooks that they are. We have done this to alert the people to the truth. In years past we worked with Gary Allen, Alan Stang, G. Edward Griffith, Stan Monteith and Anthony Hilder to this end. One sure sign we are being effective is that getting delivery of silver and gold is at times as difficult as it has been in past years. The message is reaching the public worldwide. It could be that the elitists’ plans are being upset and we are very happy about that. What we see is a stage show that even includes bogus statistics. This is the greatest monetary debasement in history. As usual Chapman sniffs in the direction of corruption. Hatha |
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#15 |
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Seems SIPC pays out insurance to cover clients losses and Corzine and company move onto another victim. I would follow the money trail, chances are it leads right to the typical players and adds to their balance sheets. Insurance companies will get back-stopped by the gov't/taxpayer...greatest theft in history !!
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#16 |
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When I heard Gerald Celente talk about this the other day, I was shocked but not surprised at the criminal audacty of Corzine and his cronies. These bastards literally stole the monies in private segregated cash accounts of traders like Celente and used the money to gamble with big leverage. If they bet right, they would have pocketed huge profits and quietly returned the monies and the victims would never know of it. It is so outrageous that words cannot express my feelings. Corzine et al. are unconscionable greedy fucking lowlifes and now to add insult to injury they have stolen the monies and effectively told their pricate customers to pound sand. If Corzine doesn't do major prison time for this then no one can deny that the banking and financial system is utterly corrupt and immoral. If they steal your trading account today, they WILL steal your pension, savings and annuities tommorrrow, believe it folks. The only safety for wealth is outside the paper money scam, in physical tangible assets. And of these, the very best are physical gold and silver. Corzine may have been a criminal his whole life, or maybe he threw in the towel and decided to join them after seeing all the corruption, which is possible, who would notice after all, he is so smart and this can't fail, lol . Corzine was pushed out of Goldman Sachs in a coupe by Paulson. Then he became governor. Then he went back to making big bucks or stealing them. The guy knows where some bodies are buried going way back. Fed Partner, he knows it all, all the scams, gold , FRN, debt, etc . |
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#17 |
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I don't understand how they cleaned out his account when he himself
states a different firm and most of it was cash ? WTF ? Just going by his own account, CME and Trustee decide that a Lind Waldock account needs to be confiscated . Edit add, So I a looking into this. This is still wrong, funds are supposed to be segregated, no ? Your funds are not allowed to be used for proprietary trading, what happened to basic agency rules, etc . From my understanding LW is a full service broker with lots of rules governing them. Someone may indeed go to jail over this, they may have burned some big dog insiders. True justice still won't be meted out no matter what happens. A minor slap. Some insiders may even get their money back. lind waldock http://www.google.com/search?q=lind+...1390l1.6.2l9l0 http://en.wikipedia.org/wiki/Lind-Waldock " Lind-Waldock operated as a division of this spin-off, MF Global Inc. until August 2011. On August 1, 2011, MF Global retired the name Lind-Waldock[4], integrating the division more fully within the MF Global brand. The former Lind-Waldock now operates as part of the individual futures trading division at MF Global. Products and services in MF Global's individual futures trading division include self-directed trading, broker-assisted trading, and managed futures. " |
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#18 |
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#19 |
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I will never know what a margin call is because I only deal in physical |
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