YouTube Added: 21.03.2013
Tags: AIG, Bank of England, Banking, Bonds, Collapse, Cyprus, Debt, Derivatives, Derivatives market, ECB, Economy, EU, Europe, Fed, Federal Reserve, Global News, Government, Hillary Clinton, JPMorgan, Lehman Brothers, Max Keiser, MF Global, Obama administration, Politics, Quantitative Easing, Reggie Middleton, Society, U.S.
And again, it makes no difference whether elite puppet Republicans or elite puppet Democrats govern America.
The people get screwed all of the time:
- George Carlin: The Illusion Of Freedom – ‘This Country Finshed!’ (Video)
- George Carlin: The American Dream (Video)
An absolute MUST-SEE!!!, …
- Rep. Ron Paul’s Farewell To Congress (Video)
… especially for all real Americans out there.
- House Republicans Find Corzine Guilty Of MF Global Collapse, Missing Funds; Democrats Refuse To Endorse Findings (ZeroHedge, Nov 14, 2012)
Flashback:
- CNBC’s Rick Santelli Says It All In This Blockbuster Rant (Video)
- Missing $1.6 Billion MF Global Funds: Traced!
- Congressional Investigators: MF Global’s Jon Corzine Ordered Funds Moved To JP Morgan
- CFTC Pulls ‘JPMorgan Whistleblower’ Letter
If Nostradamus were alive today, he’d have a hard time keeping up with Gerald Celente.
– New York PostWhen CNN wants to know about the Top Trends, we ask Gerald Celente.
– CNN Headline NewsThere’s not a better trend forecaster than Gerald Celente. The man knows what he’s talking about.
- CNBCThose who take their predictions seriously … consider the Trends Research Institute.
– The Wall Street JournalA network of 25 experts whose range of specialties would rival many university faculties.
– The Economist
Tags: Banking, Barack Obama, Crime, Economy, Fraud, Global News, Goldman Sachs, Government, Jon Corzine, JPMorgan, MF Global, Obama administration, Politics, U.S.
- One Year Later – Santelli Rips Apart ‘Connected’ Corzine (ZeroHedge, Oct 31, 2012):
There remains more than $1.6 billion of customer funds unaccounted for and whether you believe PwC (as Forbes notes) were duped or not, one year on from MFGlobal, one thing is for sure – there is no more hated character in the pits of Chicago than Jon Corzine. CNBC’s Rick Santelli says it all in this blockbuster rant against the incredible reality that this ‘connected’ individual has got away with monetary murder. Must watch – but beware your blood pressure… as he concludes “we haven’t heard the end of this – Chicago will find the answers!”
Tags: Barack Obama, Economy, Global News, Government, Jon Corzine, JPMorgan, MF Global, Obama administration, Politics, Rick Santelli, U.S.
YouTube Added: 15.09.2012
- Janet Tavakoli: Understanding Derivatives and Their Risks (ZeroHEdge, Sep 15, 2012):
Global financial markets are awash in hundreds of trillions of dollars worth of derivatives. By some estimates, the total amount exceeds one quadrillion.
Derivatives played a central role in the 2008 credit crisis, as they had a brutal multiplying effect on the magnitude of the carnage. As a bad asset was written down, oftentimes there were derivative contracts written against it that resulted in total losses 10x greater than the initial write-down.
But what exactly are derivatives? How do they work?
Tags: Banking, Commodities, Derivatives, Derivatives market, Economy, Food, Global News, Government, Janet Tavakoli, Libor, MF Global, Politics, U.S.
- What To Do When Every Market Is Manipulated (ZeroHedge, Aug 16, 2012):
Hint: cut the strings
If you don’t know who the sucker at the card table is, it’s you.
~ old gambler’s saying
What do the following have in common?
LIBOR, Bernie Madoff, MF Global, Peregrine Financial, zero-percent interest rates, the Social Security and Medicare entitlement funds, many state and municipal pension funds, mark-to-model asset values, quote stuffing and high frequency trading (HFT), and debt-based money?
The answer is that every single thing in that list is an example of market rigging, fraud, or both.
Tags: Banking, Economy, Fraud, Gold, Goldman Sachs, Government, Libor, MF Global, Oil, Oil Prices, Ponzi schemes, SEC, Society, Standard Chartered, U.S.
See also:
- Gerald Celente On Who Really Creates All These Wars And Why (Video)
YouTube Added: 10.08.2012
Continue reading »
Tags: Banking, Barack Obama, Economy, EU, Europe, Fascism, Gary Gensler, Gerald Celente, Global News, Goldman Sachs, Government, Jon Corzine, Libor, MF Global, Obama administration, Politics, U.S.
- Gary Gensler Explains How CFTC Allowed PFG To Steal $200 MM In Client Funds 8 Months After MF Global (ZeroHedge, July 25, 2012):
Former Goldman appartchik Gary Gensler is about to take the stage (again) and explain why the CFTC should exist at all after allowing not only MF Global but a few weeks ago, Peregrine Financial, to steal hundreds of millions in client money without any regulatory supervision at all. All we can say here is: Free Corzine!
Continue reading »
Tags: CFTC, Gary Gensler, Global News, Government, MF Global, PFG, Politics, U.S.
- The Chronology Of A Collapse: Santelli’s Primer On The PFG Debacle (ZeroHedge, July 12, 2012):
There remains some confusion about the timing of actions around the PFG Best disaster. From withdrawn salary cuts to liquidation-only orders to forced liquidations from Friday to today, CNBC’s Rick Santelli provides a succinct and shocking insight into what real money accounts and brokers have dealt with and continue to try to comprehend. The sad truth about where the money went is summed up by his guest that “we’re just hearing rumors; it could be, on a percentage basis, worse than MF Global.”
Tags: Banking, Economy, Government, MF Global, PFG, Rick Santelli, U.S.
- PFG Is Now MFG(lobal) Part 2 As $220 Million In Segregated Client Money Has Just Vaporized (ZeroHedge, July 9, 2012):
UPDATE 2: Have no fear though since as recently as January 2012, the CFTC did not find any “material breaches of customer funds protection requirements” at FCMs (firms like PFGBest)
UPDATE 1: Account-holders may not be so surprised to find who is the custodian for the PFGBest FX accounts: none other than huge MFGlobal fans, JPMorgan!
Remember when the entire segregated account fiasco was supposedly fixed in the aftermath of the November 2011 MF Global bankruptcy, and where regulators: the CFTC, the SEC, the CME, and anyone you asked, swore up and down this would never happen again? Turns out that 7 months later, the spirit of MFG has struck again, only this time with one letter switched: it is now known as PFG, as we suggested first 3 hours ago when we broke the story. From the just filed affidavit by Lauren Brinati who is working with the National Futures Association, which in turn has just filed notice prohibiting PFGBest from operating further, and freezing all of its accounts: Continue reading »
Tags: Economy, Global News, JPMorgan, MF Global, PFG
- Double or Nothing: How Wall Street is Destroying Itself (ZeroHedge, May 12, 2012)
There’s nothing controversial about the claim— reported on by Slate, Bloomberg and Harvard Magazine — that in the last 20 years Wall Street has moved away from an investment-led model, to a gambling-led model.
This was exemplified by the failure of LTCM which blew up unsuccessfully making huge interest rate bets for tiny profits, or “picking up nickels in front of a streamroller”, and by Jon Corzine’s MF Global doing practically the same thing with European debt (while at the same time stealing from clients).
As Nassim Taleb described in The Black Swan these kinds of trades — betting large amounts for small frequent profits — is extremely fragile because eventually (and probably sooner in the real world than in a model) losses will happen (and of course if you are betting big, losses will be big). If you are running your business on the basis of leverage, this is especially dangerous, because facing a margin call or a downgrade you may be left in a fire sale to raise collateral.
Tags: Banking, Ben Bernanke, Black Swan, Economy, Fed, Federal Reserve, Global News, Jamie Dimon, Jon Corzine, JPMorgan, MF Global, Nassim Taleb, Wall Street
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