Restoring Your Financial Health
Thursday, December 8, 2011
MUST READ/LISTEN interview- Jim Willie IS BURNING!
We had a COMEX system failure in November. COMEX was ready to
default on gold and silver in November. Rather than honor delivery
demands in gold and silver- JP Morgan simply stole the money in the
accounts that were going to stand for delivery. They had their pockets
picked while they were standing in line at the delivery window.
Notices of delivery were replaced at stolen accounts!
JP Morgan averted both a COMEX default and a European sovereign debt implosion, and notice
that JP Morgan increased the amount of silver in their registered
vaults by precisely the amount that was supposed to be delivered!
This is just another financial 9/11, and THERE WILL BE MORE.
If JP Morgan can steal 140,000 futures accounts, what's to stop 250,000 MUTUAL FUND ACCOUNTS FROM BEING STOLEN!?!
The Fed was staring at 20 Lehmans in Europe!! 20 Lehmans almost happened, and the fed rushed in, lowered interest rates for banks.
If there is another big implosion and there is another string of
contagion and big banks are dead in the morning, don't expect there to
be any money in the accounts in the morning.
I think we're going to see SEVERAL MILLION PRIVATE ACCOUNTS VANISH!
Pension funds, mutual funds- they're all at risk , and people I talk to HAVE NO CLUE. Put your money in GOLD AND SILVER!
Jim Willie interview with Bull Market Thinking:
We are at the verge of a very widespread, colossal theft of private accounts. It's getting really, really dangerous.
Quantitative Easing never ended. It just increased in deception.
It increased while the deception got worse. TAKE A LOOK AT THE DATA!
IT NEVER STOPPED! Hyper-monetary inflation is the new normal.
We have big European banks selling boatloads of sovereign bonds. The
foreign creditors of the US are big sellers of Treasury Bonds. Operation
Twist is QE3! Quantitative Easing is now the policy, its gone global!
What they're trying to do is not talk about it, because talking about it
hurts the dollar. They're just not talking about it! There's been a
huge spurt in the past few months of derivatives- $9 Trillion in the
past quarter alone from Morgan Stanley! Can you say $9 Trillion in
interest rate swaps in order to create the impression that money is
flowing into treasury bonds!?! This is getting incredibly dangerous!
This just continues to make it worse!
No policy is working towards a solution. We don't have any insolvent banks being liquidated. We don't have any policy towards bringing back jobs from China. The deception and bad economic policy is hiding perpetual RUIN!
The two pillars of US economic policy are 1. Give money to the banks in
the hopes they increase lending (but they only give more bonuses) 2. and
panhandle consumers.
I think we need to give jobs to people so they can earn the money- increase industry!
Unless the housing market recovers, the banks face systemic failure!
I believe we saw two major failures with MF Global. I think it will end up being up to $5-$10 Billion dollars in stolen client accounts.
I have one contact who they confiscated his entire account- I think he
had over $100,000- it's missing. He made a complaint a few days ago that
the receipts that prove his account- they were just seized by the
receivership committee! They confiscated the evidence of his account!
We have JP Morgan trying to sit on the board making decisions on stolen
money, when they did the stealing!
We had a COMEX system failure in November. COMEX was ready to
default on gold and silver in November. Rather than honor delivery
demands in gold and silver- JP Morgan simply stole the money in the
accounts that were going to stand for delivery. They had their pockets
picked while they were standing in line at the delivery window. Notices
of delivery were replaced at stolen accounts!
JP Morgan underwrites a lot of credit default swaps. JP Morgan makes a
lot of money in this unregulated insurance. How are the sovereign bonds
doing? They're doing lousy. In order to stay neutral, its always a
good idea to buy the underlying asset. I think MF Global was set up to
fail a long time ago to go down in flames- to steal clients' accounts
when the inevitable finally happens. We were on the verge of the
sovereign debt in Europe imploding. We saw a near event of an implosion
in some of these sovereign bonds markets.
JP Morgan covered their butts by letting MF Global fail, and in the process stealing 140,000 accounts. Its not just MF Global accounts, its stealing many accounts that used MF Global for their clearing!
The FBI is investigating this, but they havent talked to Corzine yet. WHY!?! Because this is a cover-up, JUST LIKE MADOFF!
JP Morgan averted both a COMEX default and a European sovereign debt implosion, and notice
that JP Morgan increased the amount of silver in their registered
vaults by precisely the amount that was supposed to be delivered.
This is just another financial 9/11, and THERE WILL BE MORE.
If JP Morgan can steal 140,000 futures accounts, what's to stop 250,000 MUTUAL FUND ACCOUNTS FROM BEING STOLEN!?!
The Fed was staring at 20 Lehmans in Europe!! 20 Lehmans almost
happened, and the fed rushed in, lowered interest rates. If there is
another big implosion and there is another string of contagion and big
banks are dead in the morning, don't expect there to be any money in the
accounts in the morning.
I think we're going to see SEVERAL MILLION PRIVATE ACCOUNTS VANISH!
Pension funds, mutual funds- they're all at risk, and people I talk to HAVE NO CLUE.
Put your money in GOLD AND SILVER!
Click here to listen to Jim Willie's entire rant
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