just read where MF sold mega European securities to Goldman days before SHTF. Funds cleared thru Morgan Chase, Morgan has $1.2 billion revolving credit with MF. MF has not received money for the sales.
But this would not relate to theft of customers accounts.............
@looknatu2 MF wasn't using derivatives. it bought billions of dollars of European debt with borrowed money (in a nutshell -- it bought the bonds from Bank A and then loaned the bonds to Bank B to get cash to pay Bank A for the bonds. This trade makes money by earning the difference between the interest rate on the debt and the interest rate on the loan it received from Bank B). The transactions were cash, no derivatives or credit-default swaps were used.
@matthewleising JP Morgan Jamie is alleged to have threated termination of all family members if Corzine did not raid the accounts. Was Morgan bank A or bank B ? Who was the other involved bank ? (from your account, bank B would have their tit in the wringer; bank A would be a European entity ?)
Can an economist explain why when the Fed prints money from nothing(guise of credit) that for the proportion that they increase the money pool, why I don't receive a similar proportional increase in my monetary worth, you know, in the same way that when a publicly list company does a stock split say 2 for 1 which halves the value of the stock, I am compensated for the dilution of value inherent in the increase of supply?? PLEASE EXPLAIN!!
@veganath For a mathematical analysis of how the Fed inflates the money system, and gains the entire profit via the Treasury auctions using the FRBNY and hides the profit ($1.4 trillion in 2010) that should be legally paid to the government (and violates criminal statutes), go to 3w scribd dot com slash doc slash 49040689 RIP OFF BY FED RESERVE
If occupy wall street could explain their case like this , the rioting would begin. Best Simplest explanation I've seen. I understand how to explain the meltdown now, and I'm an Idiot.
Rogue Traders. Should have used risk management. Thanks 4 taking my money. This can happen to any firm if their government friends let them run wild with their trading. The CFTC passed it off to SPIC. Futures trading is over for me. I am going to have to trade stocks unless commodity accounts are insured. I feel like I am just being pushed out by the whales! Not fair!
so what is the process ? gold and silver goes down as us dollar goes up due to QE in europe...then contagion spreads across the atlantice to US, at which point, dollar gets crushed and gold/silver goes thru the roof ? physical, not paper.
so what is the process ? gold and silver goes down as us dollar goes up due to QE in europe...then contagion spreads across the atlantice to US, at which point, dollar gets crushed and gold/silver goes thru the roof ? physical, not paper.
so what is the process ? gold and silver goes down as us dollar goes up due to QE in europe...then contagion spreads across the atlantice to US, at which point, dollar gets crushed and gold/silver goes thru the roof ? physical, not paper.
Gold and silver coins can also be stolen and/or confiscated as well by sovereign "right" during a crisis. History is quite clear on this matter, for example FDR's confiscation of physical gold in '33.
Your arms are too short to box with God if you catch my drift. The State maintains the monopoly on violence and always has. If a confiscation order comes down, which is consistent with the historical pattern during a time of extreme crisis, then you don't stand a chance against the US government as a private citizen. There will be no distinction made between you and a drug kingpin.
Do not buy through a broker where you become a beneficiary of a DTCC type trust arrangement.
They will spend your money on whatever they like, certainly not the mining shares you wanted. The share price will not rise as no one seems to be buying them, even you. Dividends will be low for that reason.
When it all crashes you will have NO ownership claim on any of the shares you thought you owned.
@fuzzywzhe If you think i'm in the CONUS, you are more than a couple of thousand miles off. I wouldn't live in America for a million a year. Seriously. PS: I'm no fool.
RJ O Brien corrected statement has killed off all the longs, the TRUSTEES must be laughing their asses off. MF Global buying out lind waldock led to cds exposures in the otc markets, gld, slv, comex that shot the first insolvency shells over the bows of confidence. CFTC head ex Goldman Gensler recused himself then rolled over leaving the gold contract account holders as shark bait. And of course the CME who previously stated, "We guarantee all positions", told em to STFU. CronyCapitalism Lives.
Lmao! Great and accurate.
VirtuesXVyses 1 week ago
just read where MF sold mega European securities to Goldman days before SHTF. Funds cleared thru Morgan Chase, Morgan has $1.2 billion revolving credit with MF. MF has not received money for the sales.
But this would not relate to theft of customers accounts.............
There is no honor among thieves.
oldereb38 2 months ago
I had some silver and gold, but I cashed it all in to buy those new, ugly, plastic Air Jordans that the sheep were fighting over. ;-)
pmarie2003 2 months ago
@matthewleising explain more
looknatu2 2 months ago
@looknatu2 MF wasn't using derivatives. it bought billions of dollars of European debt with borrowed money (in a nutshell -- it bought the bonds from Bank A and then loaned the bonds to Bank B to get cash to pay Bank A for the bonds. This trade makes money by earning the difference between the interest rate on the debt and the interest rate on the loan it received from Bank B). The transactions were cash, no derivatives or credit-default swaps were used.
matthewleising 2 months ago
@matthewleising JP Morgan Jamie is alleged to have threated termination of all family members if Corzine did not raid the accounts. Was Morgan bank A or bank B ? Who was the other involved bank ? (from your account, bank B would have their tit in the wringer; bank A would be a European entity ?)
oldereb38 2 months ago
I've got the answer! The entire planet declares bankruptcy!
jx14aby 2 months ago
THE ALAN GREENSPAN
pigeonpsycho 2 months ago
QUESTION!! PLEASE HELP!!
Can an economist explain why when the Fed prints money from nothing(guise of credit) that for the proportion that they increase the money pool, why I don't receive a similar proportional increase in my monetary worth, you know, in the same way that when a publicly list company does a stock split say 2 for 1 which halves the value of the stock, I am compensated for the dilution of value inherent in the increase of supply?? PLEASE EXPLAIN!!
veganath 2 months ago
@veganath For a mathematical analysis of how the Fed inflates the money system, and gains the entire profit via the Treasury auctions using the FRBNY and hides the profit ($1.4 trillion in 2010) that should be legally paid to the government (and violates criminal statutes), go to 3w scribd dot com slash doc slash 49040689 RIP OFF BY FED RESERVE
oldereb38 2 months ago
Weapon of Mass Financial Terror = Treason
yaahme 2 months ago
See 'The Warning' on PBS Frontline
DavidAKZ 2 months ago
If occupy wall street could explain their case like this , the rioting would begin. Best Simplest explanation I've seen. I understand how to explain the meltdown now, and I'm an Idiot.
42AHOST74INAROW 2 months ago 5
Rogue Traders. Should have used risk management. Thanks 4 taking my money. This can happen to any firm if their government friends let them run wild with their trading. The CFTC passed it off to SPIC. Futures trading is over for me. I am going to have to trade stocks unless commodity accounts are insured. I feel like I am just being pushed out by the whales! Not fair!
jensarmbag 2 months ago
to those who are about to lose all your money to your banker or broker, i salute you.
you must be very brave (or foolish) to leave all your money with your banker or broker.
when you have the money to lose, you lose it.
vincentyeo88 2 months ago
Q. Do you think Henry Paulson had a conflict of interest?
A. It has been alleged....
mrdavidlopan 2 months ago
Comment removed
mrdavidlopan 2 months ago
very well done.....the 2008 bailout - then and now - was a choice - dead now or dead later.
ninesticks 2 months ago 2
Yes....Yes....No.... ha!
exxx247 2 months ago
I have 20,000 subs , many of them are major bailout critics.
NsaneSk8er007 2 months ago
May I reupload with credit?
NsaneSk8er007 2 months ago
This has been flagged as spam show
@mkrttrader
so what is the process ? gold and silver goes down as us dollar goes up due to QE in europe...then contagion spreads across the atlantice to US, at which point, dollar gets crushed and gold/silver goes thru the roof ? physical, not paper.
kvnlgn3008 2 months ago
This has been flagged as spam show
@mkrttrader
so what is the process ? gold and silver goes down as us dollar goes up due to QE in europe...then contagion spreads across the atlantice to US, at which point, dollar gets crushed and gold/silver goes thru the roof ? physical, not paper.
kvnlgn3008 2 months ago
@mkrttrader
so what is the process ? gold and silver goes down as us dollar goes up due to QE in europe...then contagion spreads across the atlantice to US, at which point, dollar gets crushed and gold/silver goes thru the roof ? physical, not paper.
kvnlgn3008 2 months ago
musical financial chairs.
MysticPotato68 2 months ago
600 trillion
MysticPotato68 2 months ago
I'd better get some coffee cans and start digging!
leolookingup 2 months ago
@leolookingup Get glass jars with plastic lids. Seal with melted paraffin and put in heavy, plastic bags.
pmarie2003 2 months ago
Gold shares can be stolen or confiscated also! Gold and silver coins are the only way to protect yourself.
leolookingup 2 months ago 2
@leolookingup
Gold and silver coins can also be stolen and/or confiscated as well by sovereign "right" during a crisis. History is quite clear on this matter, for example FDR's confiscation of physical gold in '33.
dinan5iver 2 months ago
@dinan5iver
should they confiscated my silver, i will give them change in lead.
forestsoft 2 months ago 3
@forestsoft
Your arms are too short to box with God if you catch my drift. The State maintains the monopoly on violence and always has. If a confiscation order comes down, which is consistent with the historical pattern during a time of extreme crisis, then you don't stand a chance against the US government as a private citizen. There will be no distinction made between you and a drug kingpin.
dinan5iver 2 months ago
Dishonest and incompetent people have ABSOLUTELY ZERO PLACE in these companies! The stockholder's money is the STOCKHOLDER'S MONEY, no one else's!
YieldtoRich 3 months ago
(7:40) "Is this a joke, I thought this was the United States of America? No it is not.....a joke."
FABULOUS!
MX3516 3 months ago 16
39x "allegedly" or "alleged".
HansTheAtheist 3 months ago 8
Well done explanation of the OTC derivatives apocalypse. Or at least we'll know what happened, why, and how, after the bomb hits.
BanksterSlayer 3 months ago
Take delivery of share certificates.
Do not buy through a broker where you become a beneficiary of a DTCC type trust arrangement.
They will spend your money on whatever they like, certainly not the mining shares you wanted. The share price will not rise as no one seems to be buying them, even you. Dividends will be low for that reason.
When it all crashes you will have NO ownership claim on any of the shares you thought you owned.
nanciqwerty 3 months ago
worst advice ever. i keep my cash in my mattress. gold isn't going to help shit. your gold will go down with the next credit crisis crash.
mrzack888 3 months ago
@mrzack888 yes i agree.
VICSWEB1 3 months ago
@fuzzywzhe If you think i'm in the CONUS, you are more than a couple of thousand miles off. I wouldn't live in America for a million a year. Seriously. PS: I'm no fool.
baconified 3 months ago
RJ O Brien corrected statement has killed off all the longs, the TRUSTEES must be laughing their asses off. MF Global buying out lind waldock led to cds exposures in the otc markets, gld, slv, comex that shot the first insolvency shells over the bows of confidence. CFTC head ex Goldman Gensler recused himself then rolled over leaving the gold contract account holders as shark bait. And of course the CME who previously stated, "We guarantee all positions", told em to STFU. CronyCapitalism Lives.
baconified 3 months ago