Gerald Celente – Trends Journal: URGENT-Special Report: Got Effed By MF Global. Who’s Going To Eff You?

If Nostradamus were alive today, he’d have a hard time keeping up with Gerald Celente.
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There’s not a better trend forecaster than Gerald Celente. The man knows what he’s talking about.
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Prepare for collapse.

Before:

And Now: $1.2 Billion Or More Missing From MF Global Customer Accounts

RED ALERT: ‘The Entire System Has Been Utterly Destroyed By The MF Global Collapse’ – Barnhardt Capital Management, The First MF Global Casualty

$600 Million Missing From MF Global Accounts (Reuters, Nov. 16, 2011) – Gerald Celente Just Got Burned By MF Global Bankruptcy: Gold Future Positions And Account Closed, Money Gone (RT, Nov. 14, 2011 – Video)

The following was sent to me by a reader.


By Gerald Celente (www.TrendsJournal.com):

KINGSTON, NY, 28 November 2011 — The MF Global bankruptcy has more far reaching implications than are currently being acknowledged. Not simply an isolated instance of corporate mismanagement resulting in disastrous and irreparable effects on options and commodity futures markets, the MF bankruptcy – the eighth-largest in US history – is a harbinger of much worse to come.

Don’t be taken in by today’s stock market bounce that’s based on the belief that Europe is coming closer to resolving its debt crisis, and that strong US Black Friday retail sales are a sign recession has been averted.

The European debt crisis is a long term-trend with no quick fixes. And the retail surge is no more than a flash mob spending spree hyped by a corporate media. The more they hype it and the more consumers spend, the more advertising space the media sells to retailers.

The MF meltdown, however, is symptomatic of a global economic system on the verge of collapse. No financial sector will escape unscathed: banks, brokerages, hedge funds, insurance companies, stocks and stock markets are all at risk.

When the evidence is pieced together, it proves how corrupt, bankrupt and dishonest the financial/political cabal that runs America is, and reveals the complicity of the media in covering up their masters’ misdeeds.

How I got Effed by MF Global, And Why it is Important to You I’ve been trading and buying gold since 1978. I am not a “speculator.” I buy coins and bullion as well as futures contracts. My involvement with MF Global went like this:

I made an agreement with the well-respected firm Lind-Waldock (subsequently bought by MF Global) to purchase gold future contracts, with due date for delivery of the gold in December 2011. Holding the gold “contracts” entailed a substantial “margin” requirement … in essence a deposit (similar to a layaway plan at a retail store).

From the time I bought the contracts, I kept building my account so that when it came time to take delivery in December, I would have a substantial amount of money in my account to complete the purchase. But that’s all gone now. My segregated account was raided and emptied, as were tens of thousands of other clients who trusted MF and the entire commodity futures exchange. Indeed, as evidenced in the video link, the CME Group that runs the exchange reneged on its promise as “guarantor of every transaction that happens in our markets.” (Click here for CME Group’s statement of “guarantee”)

I had been Effed through no fault of my own, and I had a lot of company.

I want to make this absolutely clear: Buying gold to take delivery is NOT speculation! And it is delusion to believe that you are immune to the systemic criminality that pervades virtually every aspect of the financial sector. MF Global, Lehman, Merrill Lynch, Washington Mutual, IndyMac Bank, Bear Stearns, Northern Rock, Countrywide, Dexia, Anglo Irish, Wachovia, Goldman Sachs, Citigroup, Bank of America, Wells Fargo, Morgan Stanley, Fidelity, Schwab, Vanguard … do you really know what went on, or is now going on behind the closed doors of these firms?

The Big EFF is Coming Which will be the next crooked insurance company, bank, brokerage, savings and loan, or financial institution to go belly up? If and when it happens, what assurance do you have that you won’t be robbed and victimized? Sure, sure, your savings and checking accounts, up to $250,000, are protected by the FDIC in the event of bank failure. But how long will it take to get your money when banks start falling like dominoes? Sure, sure, under SIPC rules, stock accounts are partially protected when your broker/dealer goes bankrupt. But will you still be alive by the time the legal fight is over?

Trends Journal subscribers have just been sent an “Urgent” Trend Alert. In our 20 years of publishing, we have rarely sent out an Alert that demands such immediate consideration.

In a few weeks, we will be releasing a synopsis of our Top Trends for 2012. Among them will be a warning of a high probability for “economic martial law.”

We are confident we know what will trigger it, what form it will take, and how Trends Journal subscribers can be among the few who will have the tools to escape its consequences.

Do you know where your money is? Will you get it back? Are you prepared?

Remember! The business and mainstream media will do everything in their power keep the “confidence game” going. By the time the general public realizes that “economic martial law” has been declared, it will be too late to act.

Prepare, survive, prevail … renew your subscription now (Click here.) You won’t want to miss the “Urgent” Trend Alert subscribers received today … and you certainly won’t want to miss the Top Trends of 2012 coming soon.

Sincerely,

Gerald Celente

PS: Times are tough and they are going to get a lot worse. If you are unable to pay the full subscription price, fill out this discount request form. We will do our best to provide you with vital trend forecasts at a price you can afford … but cannot afford to be without.
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2 thoughts on “Gerald Celente – Trends Journal: URGENT-Special Report: Got Effed By MF Global. Who’s Going To Eff You?”

  1. gerald i love your articals and forgive the spelling. me and my wife run a small mom and pop security company in the panhandle of florida over the last few years we have watch our busniess go from 150 employees to only 4. i have no money to give and i understand if we cant get your subsription at no cost but we have felt the sting of this econemy and feel your loss. good luck our hearts are with you and god bless.

    Reply

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