Category Investments

Hate Crime: USA Middle Class Elimination

Unfortunately since you guys are locked into retirement vehicles held by these brokerage houses according to the USG your funds are no longer your own…they belong to the broker who has already used them as collateral on losing trades.

The middle class will cease to exist within 48 months. The only way to protect your funds from this new law is to liquidate, pay redemption fees and purchase gold and silver coins. Then place them in a safe in your wall. Soon..if it is written on paper it will be worth the paper it is written on, whether cash, brokerage statement or other.

This is happening now, this is now the law. This came to light with the rehypothecation scandal this summer where farmers lost all their seed money at MF Global. Now it is coming to your street.

Remember, Hitler never broke the law.

Case Study: How to impoverish 150 million people

DNC/RNC Utopia

The USA 2014 will resemble South Africa. It is finished.

Street Name Shares

September 12, 2012, at 6:51 pm by Jim Sinclair

My Dear Friends,

The Sentinel Ruling is now a legal precedent. In bankruptcy of your bank, broker or fund, you can find your assets in the majority of cases are backing the liabilities of the entity in front of yourselves. This is why you must act to protect yourself.

No one in this financial world is going to do it for you, and few will have the courage to recommend you escape Street Name. The Sentinel Ruling is the law and you can wake up one day and find out that your investments are gone.

The insurance programs will function as long as the incidents of bankruptcy are isolated events.

In a systemic collapse the insurance funds are not capitalized to meet the potential obligations. The guarantor you are relying on will have to be bailed out.

For securities there are only three ways to hold them:

1. Street name. 2. Direct registration. 3. Certificate form.

Anyone advising you to stay with the Street Name option is a babbling idiot not interested at all in your welfare.

In street name the inferred ownership is the broker or bank, not you. In Direct Registration and Certificate form, the distinct ownership is you.

In 99.9% of the cases of retirement accounts the answer is you are in Street Name.

How are your securities held? Do you even know? I dare you to ask!

Do you know what your broker’s capital ratio is? Find out as that number is the order of magnitude at which your broker is gambling on with primarily your money. I dare you to ask.

Thistime around those investors that are too lazy to consider protecting themselves will be demolished.

How would you like your gold shares at $3500 gold, outperforming gold, and one morning you wake up to having nothing anymore? It is because of the Sentinel Ruling that you now are behind the back burner in a bankruptcy situation with any fiduciary.

The system and their minions will do everything to keep you trapped in Street Name. Articles will be published trying to put you back to sleep on this issue.

Wake up, please.

Regards, Jim

Sentinel ruling may hurt MF Global clients By Tom Polansek and Ann Saphir CHICAGO | Thu Aug 9, 2012 8:18pm EDT

(Reuters) – A ruling inthe case of failed futures brokerage Sentinel Management Group could make it more difficult for customers to recoup money lost in the much larger collapse of MFGlobal, according to Sentinel’s bankruptcy trustee.

A federal appeals court on Thursday upheld a ruling that puts Bank of New York Mellon ahead of former customers of Sentinel in the line of those seeking the return of money lost in the 2007 failure of the suburban Chicago-based futures broker.

The appeals court affirmed an earlier district court ruling that the bank had a “secured position” on a $312 million loan it gave to Sentinel, which turned out to have been secured by customer money.

Futures brokers are required to keep customers’ funds in dedicated accounts to protect them from being used for anything otherthan client business.

However, Thursday’s ruling suggests that brokerages can use customer funds to pay off other creditors, Sentinel trustee Fred Grede told Reuters.

“I don’t think that’s what the Commodity Futures Trading Commission had in mind” with its requirement that brokers keep customer money separate from their own, he said.

“It does not bode well for the protection of customer funds.”

Worse, Grede said, is that the ruling suggests that a brokerage that allows customer money to be mixed with its own is not necessarily committing fraud.

Gold and Dow Flash the Same Warning Signal

By Greg hunter’s

On Friday, both gold and the Dow flashed the same warning signal—the economy is in deep trouble. The Dow plunged nearly 275 points on the news of a weak jobs report, and gold rocketed higher by $66 on speculation global bankers are going to print money to resuscitate a dying financial system. You do not get this kind of tandem move in opposite directions by coincident. Last week, both the stock and gold markets appeared to stop pretending and acknowledged the vortex of debt and insolvency that could suck us all into a black hole.

Renowned gold expert Jim Sinclair of said Friday, “Those popular gold writers calling for much lower gold prices are simply out of their mind and disconnected from reality.” Sinclair has been calling for “QE to infinity” (money printing) for years now, and he’s been right. Of course, money printing masked the recession/depression since 2008; and now, it looks like more of the same bad medicine is on the way—only a much higher dose. My only question is when does the money printing stop working and turn the currency into confetti? It appears we will find out sooner than later.

I heard one analyst on financial TV say the Dow death dive was overdone and it was “. . . just one bad unemployment report.” I heard another say we’re just going to have to “live with some inflation.” The rich can live just fine “with some inflation.” It’s the folks on the other end of the spectrum I worry about, which is 98% of the rest of us. As far as the unemployment report, there have been so many lousy jobs reports John Williams at has been calling what has been going on since the 2008 meltdown “bottom bouncing.” Looks to me we are hitting bottom, once again. Forget the rise in “official” unemployment to 8.2% from 8.1%. It’s been consistently much worse if you measured unemployment the way the Bureau of Labor Statistics (BLS) did in 1994 or earlier. In his latest report, Williams said, “. . . during the Clinton Administration, “discouraged workers”—those who had given up looking for a job because there were no jobs to be had—were redefined so as to be counted only if they had been “discouraged” for less than a year. This time qualification defined away the long-term discouraged workers. The remaining short-term discouraged workers (less than one year) are included in U.6.” If you add those “long-term discouraged workers” back in to the BLS calculation, Williams says unemployment “rose to 22.7%, from 22.3% in April.”

Take a look at this chart of unemployment from The blue line on top is drawn by using data that includes “long term discouraged workers.” Does it look like unemployment is improving like the government says it’s been doing?