Gerald Celente: MF Global Looted Customers' Accounts Via Internal Bank Run 2/4

Big players got warning ahead of time that financial broker was set to collapse

Paul Joseph Watson
http://www.infowars.com/
http://www.prisonplanet.tv/
Wednesday, November 16, 2011

Days before the doomed financial broker filed for bankruptcy, MF Global conducted "unexplained wire transfers" that led to a $900 million shortfall in client funds, leading customers like Gerald Celente to learn that their accounts had been looted and setting the precedent for internal bank runs as more big firms go bust.


According to Bloomberg, "Examiners from CME Group Inc., the world's largest futures exchange, found unexplained wire transfers at MF Global Inc. and a $900 million shortfall in client funds during the weekend the failing broker was talking with possible buyers, a person briefed on the matter said."

CME noticed the missing funds on October 30, but MF Global didn't inform the Commodity Futures Trading Commission until the day after, suggesting that the transfers were made, "in a manner that may have been designed to avoid detection," according to CME.

The suspicious cash movements are now being probed by the U.S. Justice Department.

MF Global trustee James Giddens said in a court filing yesterday that customers would get back 60 per cent of their account funds, prompting fury amongst clients, many of whom used their accounts for business collateral and living expenses.

Although individuals were burned by the broker's downfall, larger clients were protected from the fallout because they had the miraculous fortune of withdrawing all their funds just weeks before the collapse.

"Both the Commodity Futures Trading Commission and the Chicago Mercantile Exchange were charged with overseeing MF Global, their clearing member. If we are to believe them, they had no idea of any difficulties within the firm before customer accounts went missing just a few days before the collapse. But someone clearly knew of the cratering positions and imminent collapse of MF Global, as billions of dollars of accounts were "coincidentally" withdrawn," writes Huffington Post's Daniel Dicker, noting how funds in accounts owned by the billionaire Koch brothers were withdrawn just in time, clearly suggesting that big players got a "heads up" that MF Global was going down.

Although the collapse of MF Global was assured when it came to light that the broker was heavily exposed to the European debt crisis, causing the broker's stock price to plummet, Fox Business reports that numerous circumstances indicate the downfall was in the works weeks before, drawing attention to the fact that employees didn't receive commissions for the third quarter and were fired two weeks before the firm filed for bankruptcy.

http://www.infowars.com/mf-global-looted-customers-accounts-via-internal-bank...

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[JoeJacari]

My question is, if they can rape Celente in broad daylight and tell him to take a hike, they can rape you and me... We are so screwed! I thought Celente may have been playing fast and loose, but he wasn't. He was playing by the rules and still got bent over with no lube.  We are in deep shit. The elite are just going on an orgy of rape and pillage...WTF is going on? This is an orgy of pillage, rape and Wall St./Washington incest! Time to stock up on provisions! It's getting close!

[nathuwjohn]

Why isn't the main stream media covering this?

[SuperKahones]

@jabe55 Reamed a new asshole! Right on!

[SuperKahones]

That's why the Goldman Sach crooks are in The Black House aka The White House!

[SuperKahones]

@nathuwjohn Because they have their orders to hold on to their pittance of a job, THEIR BOSSES ARE THE POWER BROKERS!

[allthings509]

@chrismarcinko Jewish mafia Goldman Sachs are the untouchables, they will ROB EVERYONE

[allthings509]

Goldman Sachs = Jewish mafia has control of much of the world

[chrismarcinko]

If I were Gerald Celente I would try to find fellow people who got their money robbed and seriously mob lynch Corzine. Max Kieser said this is what they did to a banker in china. It will show a message to these criminals who think they're untouchable. If someone stole 300K+ of my money I worked hard for. I would be out for blood.

[vishesfishes]

@nathuwjohn ng unless there told what to say

[t4705mb6]

Celente is pissed. He's going to be even MORE pissed. The Rothschilds horde most of the world's gold (including what USED to be in Fort Knox and the World Trade Center) and administer the entire world's gold market. They decide the market value of precious metals daily. In the end, think that they're going to let you KEEP your gold?

1933.