MF Global Was a "911 Event"
As JPM and friends continue to loot the 150,000 accounts held by MF Global there are war stories leaking out all over. Case in point, a guy who really should have known better, Gerald Celente, is the latest casualty to come forward with stories of his gold being absconded by the Bad Guys (...he should have stayed on the Road to Roota!)
There is also word that inventories at the London Metal Exchange are being liquidated as MFG had a very large presence in the UK trading pits. What is going on behind the scenes is a "911" type of orchestrated terrorist event that will have repercussions throughout the financial markets for decades to come.
Note: Surely the Bad Guys will try to attack silver again before option expiration on Nov 22nd as there are very few silver traders with access to their trading accounts.
As predicted all of this comes directly from the "Time Line" article (Private Road). Here's part of what I wrote about this time period back in July...
Late 2011
There is talk of closing most major exchanges including the LME, NYMEX and NYSE until the "problems" can be solved. Holders of gold and silver bars at the NYMEX and LME warehouses are informed there is NO METAL in the warehouses...regulators announce all gold and silver transactions will have to settle in cash but most counter parties are now bankrupt.
The rest can be found here:
//www.roadtoroota.com/members/327.cfm
My friends. It is all happening right now and it will get worse...MUCH WORSE!
I hope by now you have taken my advice and REMOVED yourself from the electronic financial system as there is not much time left and the closures will continue at blinding speed.
In the end all electronic assets will be destroyed and we will be KICKING ourselves for believing that electronic blips at a bank, brokerage house or credit union represented something more than a flimsy IOU in a corrupt and bankrupt system. Those crazy Dutch tulip worshipers will look like "brain surgeons" compared to us when our electronic asset based monetary system crashes....at least they ended up with nice gardens!
May the Road you choose be the Right Road.
Bix Weir
