The Commodity Wars Rage
As the MF Global situation intensifies the battle lines are being drawn. Currently it's JP Morgan against EVERYBODY ELSE in the struggle to gain control of MF Global's "assets".
MF Global Clients Accuse JPM of Overreach
http://online.wsj.com/article/SB10001424052970204323904577038204231407324.html
Basically, on the surface JPM is trying to gain control of all MFG assets leaving everyone one else at the back of the line. Behind the scenes the story line is all about covering up fraud in the precious metals markets and covering their silver short position before the position limits rule is implemented.
If you are wondering why gold and silver prices are stuck in a rut you can lay blame on the MF Global situation as longs are being liquidated by the Trustee to facilitate cash settlements and with 150,000 customer accounts frozen the vast array of potential buyers are unable join the feeding frenzy.
This is fraud at it's most basic level but we are more than likely to experience fraud at the JUDICIAL LEVEL when the clients of MF Global get shut out by our corrupt legal system at the bankruptcy hearing this Wednesday.
If you want to experience the corruption of America first hand and you're in the neighborhood the hearing is public and being held:
Wednesday, Nov 16
3:30pm Est
Southern District of New York, Room 501
One Bowling Green, New York, NY 10004
I warned you it will get worse before it gets better but we will keep fighting unitl we...
MELT THE WITCH!
May the Road you choose be the Right Road.
Bix Weir
