Why NO Brokerage Account is Safe - Is Ann Barnhardt Correct?

[GM5784]

Just like farm-vile, nothing is real.

[murraycg69]

Penson Financial and Questrade??? Penson is registered with the CME how is Penson doing on the Warren scale??? Thanks

[lowpross11]

Exactly why I got out of Fidelity...

"Can't" produce answers, too many questions unanswerable..

Good Video Post.

Thank You!

[apalm20]

@wepollock GET'EM!!!!

[moviematcanada]

I pulled all my money out of the banks in Sep 2011, converted absolutely everything into Silver Maple Leafs.

If you ain't holding, You don't own it.

My friends think I a freaking nut case, planting a garden, guns, ammo, supplies, generators, etc I'm ready for it, if it doesn't come I'm still way more ahead than if I didn't do anything.

[bigdad06]

Pull your money out before it is too late! Just pulled mine out of Scottrade last week!

[itillbeme]

Your way to nice Warren.

[sevenmmm]

I liquidated all of my accounts more than 3 years ago, including my 401k. The entire pool of American investor money has been leveraged and subject to rehypothecation.

Even if you agreement prohibits such action. The top tier financial people have no compulsion to follow the rule of law. Sue all you want, but be forewarned, they own the courts as well.

Time to figure out another way to get your stimulation. I have a good idea what that could be.

[TheSilverWatch]

I just liquidated one of my Canadian Trading Accounts. I have no confidence in the system. In my opinion it is designed to feed people who do not care about how long and hard I worked for my wealth over a 20 year time period. I want to ensure that what rightfully belongs to me stays with me and does not evaporate into thin air. Silver Maple Leafs do it for me.

[wepollock]

@TheSilverWatch Canada is protecting customers.. They have done it with MF Global, and also by curtailing exotic income partnerships, they failed to do that with banks in the past when had tiny insurance funds 60K per account. The banks have been following up by adopting US criminal methods; but they are not totally bad because their a a only a few and they are highly regulated.

[TheSilverWatch]

@wepollock That does not change my position. I stated it Very Clearly. I have no confidence in the Canadian Banking system. I said once and I will say it again. period. When the US Dollar collapses, (and I expect it will at some point during this decade), Canada Will Not come out smelling like a rose and there will be many Canadians burnt by the Banking system. Thats my opinion and I am sticking to it.

[NarodnieMstiteli]

SIPC is lipstick on the pig.......eye make-up on Kim Kardashian. Go beneath it, and there's nothing there.

[moomman89]

I know.You should invest in the new and improved Company named Screw Fraud and Dump Inc.

[NicosMind]

Have you ever been on with Max Keiser, like On the Edge or the Keiser Report? This would be a good subject to talk about.

[Garyscott7]

Oh you'll get your money. Captain Jack Sparrow is bringing it on the Black Pearl from Port Royal as we speak.

[RoberTastic]

Everybody watch "Chris Hedges "Brace Yourself! The American Empire Is Over & The Descent Is Going To Be"

it is AMAZING

[Romulan112]

This is excellent, pertinent information.

[Romulan112]

sorry for going off the topic, could U imagine Ron Paul as President , Peter Schiff as VP, and Warren Pollock as Treasurer

[fnd111]

They do not seem to be able to answer his questions. F.N.D.

[whiskerchild]

Excellent questions!! Now I'm going to sound a bit more intelligent when I talk to any brokerages in the future, and my IRA people.

[kileer7]

The killing fields are ready.

[jimbobubbadj]

The system which includes the financial system is becoming ever increasingly complex. In the end people have to oversee the system. People have limits to what they can read, manage and comprehend. Based on this alone, never mind the mathematical certainly that fiat will collapse, this system must collapse. Anything that is tied to the dollar, all paper financial instruments, will collapse with it. Wall St will say well our agreement was that your account was in dollars. We can't print dollars.

[TruthNeverTold]

Save yourself a lot of trouble and buy silver.

[bash186]

why is ANYONE still in the market? Buy tangible gold or silver

[ducatijunker]

Very educational, thanks.

[aceyorba]

what about IRA accounts??

[jimbobubbadj]

@aceyorba It's paper and tied to the dollar, bail out! Pay whatever penalties you must, getting what you can get now is better than nothing later.

[depletedO2]

what about 401k accounts at fidelity?

[wepollock]

@depletedO2 I found a problem in their treatment of cash.. you must call them up and sweep into FDIC insured deposits and then hope. the letter that I have out to them should clarify a few issues.

[thegbpackers284]

P.S. The bank was Wells Fargo and I am in Washington state.

[thegbpackers284]

I ordered forien currency from my local bank along with a small cash amount US (8k) and when I went to pick it up they told me they did not have the funds. No phone call or e-mail to me at all. It is amazing how easy it was for them to cough up 23k when I closed my account at Wells Fargo. However I did have to threaten to call the athorities when they gave me a song and dance about not having enough funds on hand. Now consider this. That was a local bank I keep cash in for day to dayF the banks.

[wepollock]

@thegbpackers284 I am thinking about a bank holiday video..

[thegbpackers284]

@wepollock Perfect. We all know it's coming! Great job as always Warren.

[FloridaFrank2010]

Thanks Warren - I'll be closing my Fidelity accounts due to this video and rolling them either to a credit union, or into 'something I can roll around naked on' - like Ann always says =)

[wepollock]

@FloridaFrank2010 My talk here is illustrative; what Fidelity is doing is industry standard.

[KevinHarlan]

@wepollock What is Fidelity doing? Is Fidelity not safe?

[MrEdwinauer]

The future market is/was also used by farmers and others who need regular commodities.

It isnt always bad if it isnt physical PMs.

NOW however, it seems ALL DIGITAL FUNDS - CAN - be stolen.

[econewpower]

I pulled my accounts out of that same institution in March of 2010 in fear of the banking system's instability and overburden of risk from the many innovative security instruments that are around and the fact that they have been rehypothecated so many times that it is impossible for me or anyone to know the extent of the counter-party risks. Now I have physical segregated and other insured instruments, next might do as you and look at opening abroad accounts in local currencies. Thanks Warren!

[yaahme]

Everything is okay, nothin' to worry about, move along...Vote for O-BomB-er and his cronies where you too can say "yes, We Can" LOL!

[CTOL1]

What bozos disliked this video?

Thanks for asking the hard questions Warren

[vantagepointmoon]

Essentially financial system as it stands is simply a mechanism of wealth extraction (not creation or preservation) via artificially created and sustained overcomplexity and information assymetry covered with layers and layers of leverage. It goes for virtually all institutions and instruments, only a matter of extent. Funny and sad how regulators talk about restoring confidence in markets: once you see the fraud, you cannot unsee it and they were ignoring it for years.

[desertgreek]

In conclusion your money isnt safe anywhere other than physical assets? Fidelity funds are not safe? Because they cannot produce the assets that they are investing your money in?

thanks for taking the time to share your knowledge and experiences with us.

[1x93cm]

OMG this sounds the same as Celente- He just went to get his money out and they were askin him - what are you going to do with it-

short answer back: NONE OF YOUR *@*#$&( BUSINESS BUDDY

[gspotjazz]

Why keep anything in the system? What's the point? Why would anyone not buy physical silver or gold?

[ilovejimrogers]

is Jon Corzine still walking free? 

[slobomotion]

OMG. Uprated and favorited.  Will share.

[reptilespantoso]

why people like you Warren were still playing in the casino, is beyond me. good to see you getting out. NO COUNTERPARTY RISK NO PAPER JUST PHYSICAL

gold, silver, norwegian kroner, land, real estate, and according to some, lead too.

[wepollock]

@reptilespantoso I purchased gold in 2002 way way before most;

[Sojournia]

@wepollock Not good enough. Dollars are votes. Quit legitimizing a fraudulent system by loaning it your credibility. Kudos to you sir for your efforts thus far.

[savgal1211]

Do NOT F With Warren!! : )

[safeinsuburbia]

Funding a broker account.....

Is like loaning money to a crackhead.

[Zeno1999]

@safeinsuburbia < That's right; they've waiver in the agreement that allows them to change agreement as they deem fit as per stock market scenarios and rain in the "yellow river" over there.

All these panzi schemers were counting on the WWIII so that no one question their looting but Iran, Israel, Russia and China are not giving into this scheme.

Good job as usual Warren.

[sgone0]

@chop96 Don't we wish, thanks for the reply!

[davids11131113]

Of course nowhere is safe, because they can now reach anywhere.

[mikem720]

@davids11131113

That hasn't changed. It is now merely more in the open. But you are absolutely correct sir.

[MattyS54]

SHOW ME THE BALANCE SHEET!

[MattyS54]

awesome video and predictable you would have more questions than could be provided answers! should be highly troubling for most...

we actually have a foreign currency account with HSBC here. funnily enough was thinking of transferring the balance over to a larger brokerage account to negate fees but doesn't seem like a wise idea these days. 'diversifying the hell' out of things seems like the only option - currencies, institutions, hard assets, the lot!

[wepollock]

@MattyS54 The certified letter should clear things up. Notice how JPM canceled James Koutoulas's accounts when he stood up to them.

[pjamesbda]

@MattyS54 - Do not trust HSBC. That's all I'm saying...don't wait to find out for yourself.

[MattyS54]

@pjamesbda i wouldn't trust any financial institution fully, but it's all about diversification. amply and in hard assets to hedge against systemic banking failure. physical cash, etc etc.

[pjamesbda]

@MattyS54 "Since we decided a few weeks ago to adopt the leaf as legal tender, we have, of course, all become immensely rich." Ford stared in disbelief at the crowd who were murmuring appreciatively at this and greedily fingering the wads of leaves with which their track suits were stuffed."

from The Restaurant At The End Of The Universe

by: Douglas Adams

A good story. Worth reading if you have time.

[DigitalSkyline]

Note to future self, All money to be stuffed in mattress.

[wepollock]

@DigitalSkyline yes. that might be construed as being illegal..

[JanRichardus]

@DigitalSkyline A 6 feet deep hole in the ground, gps it, and don't tell anyone. It's also a middle finger to banksters and criminal authority.

[depletedO2]

@DigitalSkyline or swap for precious metals, land, food, gas, etc..

[markreginald]

I once saw that you also have a financial channel? Could you provide the name? Thanks!

[wepollock]

@markreginald wepfinance... its become more of an overflow channel..

[KitemanTV]

Anybody want The Shakes? Just watch Warren a couple of times and you'll have 'em.

[huskerbird1]

Warren, Is my Fidelity account safe? I have a 401k at Fidelity and need to pull it and pay the 10% penalty if what you just said on your vid is true. I don't have a margin acct. obviously, but it sounds to me like your saying the "safest bet" out there isn't really safe. Fidelity? Guess I need to kill my margin acct. at Scottrade? Your the best Warren.

[wepollock]

@huskerbird1The fact that you don't have a margin account is good. With all these balance sheets floating around who can tell. The MF Global bankruptcy will set precedent. Because, You will find the same issues an concerns everywhere! I was going to edit out the broker in question but then I decided to keep the name in. I got a certified letter off today and I will let you know how they respond. Bottom line is this is illustrative of the whole system.

[huskerbird1]

@wepollock Love ya Warren. What the criminals wont let us know, we can find right here on your sight. It's going to be one hell of a year, if your into this kind of excitement. I am not, but have little chance of changing it. Thanks again Warren.

[wepollock]

@huskerbird1 We need UTILITY BANKING where everything is simple stupid. You put your money in a bank and its simple safe. All of the agreements you sign when you open a bank account are overly complex for a reason; to allow people to profit from other peoples money as you take the risk of loss. So what I am talking about extends also to banks including JPM..

[tekmnd]

@huskerbird1 I'll add that 401K accounts (with any institution) are not FDIC insured, so if Fidelity were to blow up, I am pretty sure that you would lose it all.

[huskerbird1]

@tekmnd Yep, its' only my fleeting faith in our institutions and my procrastinating nature that has allowed it to set there this long. Thanks.

[carp1844]

The more I become educated the more I realize that Warren is bad to the bone. I would hate to be on the other end defending a corrupt institution. I would lose sleep that night.

[wepollock]

@carp1844 I am generally misunderstood, underestimated, and when I show with buldog-fangs disliked.

[93or97]

If what I wrote above is true, by what law can the investment world be civilly responsible to return the lost MF Global funds? Further, should not the persons who lost their funds take the 80% already offered them? I totally sympathize with Warren's rhetorical question: "Why was your money not in an insolvent bank?" Truly, the current ZIRP seems completely insane.

[JanRichardus]

@93or97 Never mind why this why that, never mind ethics or detail crunching, these criminal psychopaths stole the fucking money and ran. Zoom out and wake up!

[93or97]

@JanRichardus Please, more nuance. I believe these bankster whores belong in a cold dark prison cell for life. If the contract fine print states the brokerage is only bound by the national laws where they invest, then that defines the contract. Maybe people with money just need to loan it out to friends and family they trust. I don't know what they should do with it. Clearly this system is completely broken.

[JanRichardus]

@93or97 Your right, contractual fine print is being construed to their benefit anyway they please, the masters of deception. written in legal word play, words on paper, a social construct (invented by man) an abstract believe system like "paper money". So top down the looting and the frauds continues, at least until the music stops. Cheers

[carp1844]

I had to go to Wikipedia 9 times just to get through this video. With that said, keep up the good work. I now know more than I did before I watched this vid. And after all, isn't that what it's all about? Iron sharpens Iron. RON PAUL 2012

[sgone0]

Oh crap! Loans are their way out local or foreign. It seems because of the derivative market frauds that Dodd-Frank would have given us a leg of protection.

[chop98]

@sgone0 That's interesting. Could one look at Federal Reserve Notes as foreign currency although recognized as the chief trading unit here in the United States? After all, we all know they're not held publicly (as if anything is) and are backed by nothing except our patronage. Whereas the U.S. Dollar is backed by gold, silver, and copper. Makes me think. :)

[robert4you]

This video is very instructive and shows in a really good way what this is about. They admit they do not have the money. It has all become a large pyramid selling scheme... a fraud beyond words. We seem to be living in an ocean of quick-sand. Thanks Warren.

[grassytroll]

awesome



[93or97]

Zero Hedge uncovered the following fine print in the brokerage account agreement. To paraphrase: if you deposit money into the account, you agree to abide by the rules of the country wherein the brokerage invests the funds. IOW, if/when the brokerage deposits money into a London account, the funds are under London law. London allows endless re-hypothecation (just another fancy bankster term for our Western fractional banking system).

[JanRichardus]

I hate the new You Tube format

[FreedomAtRisk]

lol, the demands!

[carp1844]

Wepollock is a master at using one-word-phrases to encapsulate entire ideas. I have to watch his videos 3 times just to keep up. With that said all power to you bro. I'll try to keep up.

[NowisEvollovetion]

Systemic, Legalised, Fraud.

Play it safe Warren.

[ILLct]

Warren this is amazing and genuine research. Thanks. I've moved half my IRA into Perth due to their proximity and access to gold mines, and much of the rest into Sprott physical. Need a portion to be physical and abroad in some way.

[StandUp555]

Thanks Warren .. was interesting.

I guess many people are thinking like you right now.

Diversification is the sensible route .

[GuildF40]

TODAY I shall be re subbing to you.

Watching you 'TRY" to understand what is going on with your own money leaves me in no doubt at all that I am getting my funds OUT of the global house of cards and into physical things. Yes those physical lumps we can't eat or collect div's on. Keep chipping away the cracks soon appears. Good luck.

Cheers

[LucasB1976]

It goes to show that when people say that "confidence" is what rules our economics they really mean it. I laugh because it's supposed to be GAAP, Honesty, and morality. Instead we have these corrupt business's and corporations rooting for a confidence system to get away with fraud. How about we just look at the financials and use honesty to see who survives the upcoming economic bloodbath.

[cpswyl2]

Ive just cut and run from Interactive Brokers. I hated the thought of 'having' money in the US.

[gibbo675]

It is looking as though all of the accounts of these various banks, brokers and financial companies are even more bare than old Mother Hubbard's cupboard!

[zalida100]

@gibbo675 You better believe it.

[Lebangyourhead]

Warren, thanks so much for sharing......I hope you get everything straightened out..... 

[GreatDepressionTwo]

It really scares me when I see the people that we look to for advice, not fully understanding the advise they are giving; Advice is not worth the paper that money is printed on..;Having knowledge and understanding Then you'll really be scare.

[wepollock]

@GreatDepressionTwo I understand everything quite well.. I have had gold and silver since early 2002 at rock bottom prices. We are getting perilously close to the time where we will have accounts go poof in the night. Its a matter of timing.

[WCNYBC]

You tellem Warren, We took the 30% hit on my wifes 401k and in two years we made it back with PM's and DRIPS. Feels good to have full control of our money. I'm looking to transfer my 401 to PM's since I cant cash out because im still at the job.

[Durchbrechen]

I live in Italy and I've sent my money at my austrian bank. However austrian banks are heavily exposed to east european countries. Hence I was thinking to send the money to Interactive Brokers' UK when this thing of hypothecation came out. And with Soros out of gold I don't feel safe in gold either. I don't know what to do.

[wepollock]

@Durchbrechen Ask the same questions of Interactive brokers as I am here and you will get the same answer; "house of cards"

[zalida100]

@Durchbrechen 0FYMcwFaJ4s

That should reassure you about gold.

[breakinmedia]

Whoa, that doesnt sound good. Are you going to put it into PM's?

[wepollock]

@breakinmedia I have PM's from early on.. You are correct; this does not sound good.. Simply ask a question or two and you will find a time bomb.

[JanRichardus]

I saran wrapped (years ago) my accumulated $50's and $100's, hid right alongside my spare guns, ammo, silver bullion stash and other "supplies".

[wepollock]

@JanRichardus The game is rigged. Should an authority find your stash you will have to defend yourself as a "law breaker" or perhaps you will be shuttled away in secret per the NDAA. Why was your money not in an insolvent bank?

[JanRichardus]

@wepollock I know its rigged big time. A hole in the ground somewhere, nobody knows but me, let them try come get it, I am ready. Fucking bastards!

[greenskeeper59]

@JanRichardus You could be deemed an enemy of the state. Prepare your bugout bag.

[JanRichardus]

@greenskeeper59 Oh really? Since spineless traitor Obama signed the NDAA, on NewYears eve, all citizens are "deemed an enemy of the state", that includes pussies like you.

[greenskeeper59]

@JanRichardus Seems to be a little confusion. My comment was sarcasm at the predicament we face in this country. Actually I have plenty weapons, bugout bag, etc. Way ahead of you perhaps but that doesn't matter. When Obama was elected we started the process of protecting ourselves. Saw this coming along time ago.My comment was meant to be sarcastic. I apologize for the mix-up. No doubt the government already has a spot reserved for me in a FEMA facility.

[JanRichardus]

@greenskeeper59 Ditto, red you a bit wrong, seems we're on the same side. Don't react with fear to Gov FeMa camps etc. intimidating is their only weapon. Folks are waking up, dropping their and picking up courage. Fuck the criminal banksters, Fuck Obama (I voted for) and Fuck the psychotic war criminals. Life long and fight!

[greenskeeper59]

@JanRichardus Also I might ad it was the Republican controlled house of traitors that passed this bill, and Republican Senators. They are all traitors. However, to the victor goes the spoils.

[JanRichardus]

@greenskeeper59 Yep, a one fascist party system with two heads.

[carp1844]

@JanRichardus I've got a lot of catching up to do.

[JanRichardus]

@carp1844 Get with it, read, research, learn, prepare, take action and stay awake. (others are a lot smarter than you are,..don't believe that). You took the red pill, no turning back now. Good luck

[TruthOverFacts]

Gold and Silver brother.