Is Your Money Safe?

The world as we once new it or at least we thought we knew it is no longer. Europe's debt has become so huge that not even a combination of China, United States, Canada and Switzerland can bail them out. The Wall Street gangsters are still stealing our monies as can be seen with the collapse of MF Global.

In 2007 I read an analysis of why the bubble was going to burst in the financial markets written by an 80+ year old economist who lived through the Great Depression. In his detailed analysis he showed numerous charts comparing 1929 to 2007. It was an eye opener to say the least. I posted the one main chart on Babypips and received no replies. I liquidated all my holdings and called friends and family to do the same. Only my best friend did and he thanks me all the time. I'm afraid I don't have that report now and could not find it trying to use Google.

The site below provides another take on the subject with some interesting points. I urge all of you to play the tape. I'm no expert but I believe where there's smoke there's fire.

http://www.financialsense.com/financ...lobal-collapse

A couple of interesting things about the collapse of MF Global is that even if you had seen the writing on the wall and closed your account,The Bankruptcy Trustee is still looking to possibly "CLAWBACK" your money.
Another thing that i didn't know is that the trustee is still allowing "MF Global to trade proprieterily for itself,for the company proper."How can they be allowed to do that with $1.5 billion of customers money missing?

Hello DemoForever,

It's all part of the scam. The government and Wall Street are the Gangsters of the 1920's. They always win at our expense. The world has never been a nice place with past Kings, Queens and dictators keeping the population in check with fear. It now has reached an even greater level as the population in general is clueless to the real enemy.

The decisions and laws are made with their interest not ours. If the general public did what our government officials do all the time we'd all be put in jail. We have to follow their laws made only for us and they play under a different set of rules. The more you read history the more you come to the realization that it has always been that way. The difference today is they have gone too far with the joke and we are all going down because of their greed.

Big Money and the Government officials are two different entities although it seems they are one and the same. Big money manipulates just like Al Capone did in the 1920's and 1930's. An individual can be a government official and still not be in the group. I believe President Obama is one of these and hence his being a lame duck President. Big money really doesn't care who's President as they do not wish to do the work of governing anything no more than Al Capone wanted to run the Chicago Police Department.

Their business is to make money and to ensure their members never get taken out. Only the ones who went out on their own like the scum Bernie Madoff get prosecuted or some low manager takes the blame. Nobody above a certain level will ever do time in slammer.

Some of the Congressmen are probably related to the top dogs but are put in a place where their stupidity and ignorance doesn't stand out from the norm. The relatives with a higher level of intelligence are on Wall Street and hence the intelligence disparity.

Hitler was by anybodies standards a nasty man but he knew there were forces in the world that needed to be taken out. This group still exists today and is controlling everything. Get in their way and you'll end up the same as Al Capone's enemies. President Kennedy was taken out along with his brother.

The world's people are being beaten down financially by these thugs and the western world is not going to recover anytime soon. In the mean time they will continue to manipulate the world markets and reap the profits. They get the profits and we get the bill. I'm afraid to think where it all is going to end. We are all viewed as a commodity to provide fuel to their fire. We became a high priced commodity compared to the cheap labor of China. We had to be replaced to allow them more profit and also to lessen the probability of a great war with China. How the western world's people fared was not of great concern as billions of Chinese and thousands of new companies provided new fortunes to be made.

In 1980 a book called Revelations 2000 or something similar. It was written by two individuals that predicted the next twenty years and beyond. Everything they predicted has come true. I see it now as all based on the logic of money. If you would have followed their predictions and invested your money based on their thoughts you would now be a billionaire. Looking back now it was like they had a time machine but they probably just did some population calculations and predicted something had to give eventually.

The American people are the dumbest on earth and believe we are the greatest on earth. They never think about where did America get the money to finance all the railroads, gold mines of California, silver mines of Nevada and building of the electric power plants such as the Niagara Falls the first of it's kind in America. All of these were financed and owned by Europe's big money. After the revolution we were broke. After the Civil War we were broke. After the Great Depression we were broke. After WWI and WWII we were broke. Big money supplied the money at a big cost to future tax payers and we continue to pay through the nose.

Long ago Big Money learned sideways markets don't make for large profits nor do markets that are topped out. Volatile markets are where you make fortunes especially when you can control them. More millions are made in a down trending market than an up trending market.

Just my 2 cents.

Hello JohnnyBSmart

I remember back in the 70s when Margaret Thatcher came to power in britain,my father(god rest his soul)told me"this woman will bring the country to its knee's".My old man was a left wing union man who would turn in his grave if he knew i was making money stealing off others.Anyway the country is down on one knee waiting for the knock out blow !The old man was right and i feel guilty for making a few quid off some poor sod.Jon Corzine i'm not!

To me it's very simple:

The MF Global debacle was brought on by one man named Jon Corzine. Back when he worked at Goldman Sachs Mr. Corzine was known for taking risky bond trades and to "double down" on losing trades. Fortunately for him at the time the PA on his losing bond trades reverted back into his favor and he came out ahead. The simple truth is when your bets win, you get promoted. When your bets lose...you become a scoundrel!

Mr. Corzine made a super-risky leveraged bet on European soverign debt comprising many times MF Global's market cap where there was only about 2% maneuvering room for the price to go against the trade before having to resort to desperate measures (ie. putting up customer funds as collateral or sell parts of the company to stave off bankruptcy).

MF Global was simply an isolated case of a man with a large ego to protect and Mr. Corzine was potentially willing to take any measure to turn a bad group of trades into a good one when his back was against the wall. Until Mr. Corzine took the helm MF Global was never known for taking undue risks with proprietary trading (except for poor risk controls stemming from the Evan Dooley incident in 2008).

Timevalue

So theirs no other large ego's to protect on Wall Street?

Demo:

I'm sure there are more "egos" on Wall Street to protect, yes. There could be more brokerage failures in the future. For a trader to protect oneself from rapacious proprietary trading necessitates rigid due diligence into the brokerage's internal finances on the retail trader's part. My only suggestion is to listen carefully to any publicly-traded brokerage's conference calls and at least give their quarterly earnings reports a good skimming over for any suspicious problems. Regularly checking a brokerage's balance sheet is also prudent.

Even I might have been thrown completely off-guard by Mr. Corzine's activities, for his solid public reputation blinded a lot of people before MF's bankruptcy. I don't trade commodities directly, so I'm thankful I dodged this bullet.

That is the whole point "dodging the bullet".Trading is hard enough,without worrying if the carpet is going to be pulled.Forget about a bucket shop broker going under,the big Wall Street Banks are right in the firing line.Do we know exactly what these traders at these banks are up too?Even the Ceo's of banks didn't know what their traders were up too in 2008 so what makes today any different?

This is all fine and dandy Timevalue. But let's be realistic what percentage of retail traders will do what your saying. And if they did trying to decipher balance sheets...Not likely.

I hear what your saying but believe it's unrealistic.

As well you don't have to trade commodities to have been stung by MFG. Alot of fx traders were stung, me included. Silly me I thought they would be the safest after the Refco debacle.(got me on that one too)

But then again I am a simple man. Just a dog after a few bones you might say.

bluesteele:

Yes, I sould have been a bit clearer in what I meant by MFG's trading products available. I still have the old stereotype of certain brokerages specializing in various fields. For instance, I have an odd dormant TD Ameritrade account which can be used for fx trading, but I will always view it as a US equities specialist even though this is a bit outmoded in thinking on my end.

In the same vein, I always viewed MFG as a commodities specialist even though a broader range of products were actually available.

Sorry to hear about your getting caught up in the MFG scandal. As far as I'm aware, I don't think the SIPC can step in on this matter for you, but at least it appears people are hard at work trying to get some of your money back.

The suggestions I made about a regular review of a brokerage's finances still stand, though. It only takes 1-2 hours per quarter for a decent review of a broker's financial situation and to see which direction the executives are steering. If most traders don't want to pursue this action, it's fine with me but obviously the risk of ruin grows when walking blind.

The big story for this year along those lines was the UBS trader, Kweku Adoboli, burning the bank for $2 billion betting indirectly on a stronger Swissy when EUR/CHF spiked in September. Even in this scenario the customers' accounts were still segregated properly. It wouldn't surprise me at all to see more rogue trader stories come out of woodwork like this, but I won't lose sleep over it as long as I keep a minimal level of diligence. (Although I do find it hilarious that UBS took this massive hit based on the Swiss central bank's own devaluation. It actually restores my faith in some ways because UBS had no clue it was coming, either.)

I look at it in terms of the cumulative outrage factor. If enough brokerages and banks went under the hue and cry of the collective traders' voices would grow great enough to prompt real, meaningful reforms over the long run if necessary. If that belief is a fantasy, all that's left is continuous reviews of who you're dealing with or quit trading altogether?

How long ago would someone have to have closed their account to avoid a Clawback? It's so absurd, how can any bankruptcy judge or similar even seriously consider it?

I think the conspiracy is around 30% of what you describe. There's too much backroom dealing and bribery, and without question there's a lot of conspiring to make the world beneficial for Goldman, Exxon, ADM, etc., but the world's a big place and very random, and I don't think the people in power are quite as smart, nor are the people not in power quite as dumb, as you're suggesting.

Johnny, I believe our money is most definitely not safe. This link is to an interview with Anne Barnhardt, who closed her commodity brokerage following the MFG debacle. If this can happen in an allegedly government-regulated and -protected trading environment, how safe can we be in the Wild West of Forex trading?

http://thevictoryreport.org/2011/12/...ity-brokerage/

Hello Rob,

If things were all just random and nothing was manipulated we wouldn't be in this mess. You are thinking in terms of population and land mass and I'm talking about wealth and power. I'm afraid you and most of the world's citizens are very naive. The western world is not that much different from Russia or China in what we are told. At any given time on any given subject the powers to be can and will censor what we see on the news or read in the newspaper.

We are talking about a group that it's members don't believe in anything but filling their pockets and none have any remorse for their actions. It's all about them making money and if we stand in their way we lose. This group long ago realized that the way you control the world was to control the world's wealth. If you control the wealth then you can control it's governments. Their interests is not in governing or taking over the world but in attaining wealth.

How would you explain C.E.O. Angelo Mozilo of Countrywide receiving no jail time and a fine of only 22 million which is only 5% of his earnings from 2000 to 2008. This is a slap on the wrist and is akin to the mobsters paying 5% to the cops to turn their heads while they rob the bank.

How do you explain MF Global still trading while their customer's are locked out of their accounts? Please hold on bank customers while the thief cleans out our bank and your accounts.

How do explain the fact that not one CEO or CFO has been prosecuted in the world's worst financial meltdown? If nobody did anything wrong than what happened? Why were securities sold as AAA when the actual rating was far less. Sounds like fraud to me. What would happen to us if we tried that game?

How do you explain the members of Congress and the Senate coming into office with six figures of wealth and now they have eight figures of wealth? Are they that good with their money yet so bad with ours? Have you listened to these idiots? The only way these people could attain such wealth is illegally or at the very least illegal for the rest of us.

AIG was bailed out and nobody lost their job and still they received huge bonuses. When is the general population going to realize the world's governments and financial markets are run by a gangs of thieves. The dumb thieves, the smart thieves and the smarter thieves. The dummies go to Washington and their smart counter parts go to Wall Street. The smarter thieves are the elite and they encompass the Globe. They are in every major country starting with the old money of Britain, France, Germany, Denmark, India and Saudi Arabia.

World War II scared the hell out of them as Hitler came way too close too winning the war. He was invited I understand to join their club but he declined. I guess he was thinking why have just a small piece of the pie when you can have it all.

The Korean and Vietnam wars were not so much for their citizens Democracy as it was for a foot hold in Southeast Asia and to protect their financial interests. In Russia and China this group was nonexistent for decades as the old guard was slaughtered by the communist.

The new money of Japan, Russia, Brazil and others have been included into the club. It is a one way club membership as once you're in you stay in or you are taken out. Countries such as Iran and North Korea are a problem not only for them but for all. This will soon come to a head as the group pressures governments to deal with it. They are actually the world's greatest strength in trying to keep world peace. Free trade and robust economies feed their bank accounts as they manipulate the markets. They would like nothing more then to see the whole world a democracy and every citizen's standard of living raised. Well fed slaves are happy slaves as long as it doesn't interfere with there money making.

This group has supreme control and will steal your inventions. Complain and they will arrange for your death. Nothing is negotiated with them. No government can or will protect you.

With the invention of the nuclear bomb it brought with it a fear of total destruction. It was first thought of as a good thing to keep the human race from ever having WWIII. Making money was more fun then making war as can be seen with the build up of China's economy and subsequent wealth. If countries trade with each other then they are less likely to go to war. The problem is that China grew too big too fast and did it at the cost of the Western Countries. The West lost their tax basis and are now floundering in unsustainable debt.

Big money got what they were looking for in higher profits for existing western companies. Higher commodity prices such as oil and gold as well as lower labor costs. Every thing worked accordingly to plan except one key ingredient is missing in China and that is a government full of dummies that can be bought.

China has its' own agenda and that is to become self sufficient so they became very aggressive in buying up foreign companies in Australia, Europe and America. They became partners in Brazil's iron ore mining and built their own fleet of shipping vessels to control shipping costs. They now even have there own steel mills outside of China. They have a unique advantage of a very efficient government that controls everything with an iron fist. They don't tolerate bribes from their officials and hang them in the town square. They makes decisions in minutes not in years of battle with two opposing parties. Democracy may work for the people on a local level but certainly fails in running a country efficiently. China has reached the top in less than ten years where it took us 200. So this experiment was successful to a point but it is also is proving to be a deadly mistake as China zigged instead of zagging.

It reminds me of Alan Greenspan the past Chairman of the Federal Reserve of the United States and past Treasury Secretary Henry "Hank" Paulson both said they "never saw it coming" referring to the mortgage blow up and the housing bubble bursting. It proves anybody can make a mistake even people with big degrees. The difference between America and China is we give out awards to these people and China just hangs them.

Understand this, the group has been in existence for centuries and way before America was a colony. America ended up an experiment and the experiment was a huge success for the members of this group. No taxes were paid until the 1900's so accumulating wealth was a lot easier back then. Compound those profits and you get huge sums of money invested all over the world. Religion does not enter into the equation as many members are from different cultures and religions. The existence of money in your family doesn't get you into the group. It's more of a birth right of old families which did not exist here in the US.

Were they involved in orchestrating the Great Depression? It is not likely but it is very likely they learned from it as billions were made after they bought up stock on the cheap as well as land and companies. Imagine being filthy rich right after the Great depression. Huge mansions and prime land could be had for a song. A thousand acres could be bought for a fifty dollar bill in Colorado after the crash. Twenty men would chase a mule deer for miles until it died of exhaustion just to have something other than jack rabbit to eat. Drop me back in time with a few thousand dollars to invest and I'd be richer than ten Bill Gates today. They have had the time to build fortunes for centuries. Think what Warren Buffets fortune could be worth four to five centuries from now just with a few percentage points above inflation. His family could buy their own country. If you do some researching you will find an approximation of what some of the rich families of the past few centuries were netting a year or their estimated net worth. The amounts are staggering and would make Bill Gates and Warren Buffet jealous.

The world is not so helter skelter as you may think. Money begets money and enough money controls the world markets. Yes, there are things that are beyond the control of Big Money such as the happenings in countries in the Middle East right now. They are profiting from the rise in the price of oil as a result of this turmoil I'm sure but I'm also sure that they all wish it would settle back down so the world economies can recover.

Have a great day,

Johnny

In the current financial and economic condition we can say that our money is not safe. Some expert are prediction about second largest recession.

Hello Timevalue,

The only problem is and has been is that balance sheets are only as honest as the company behind them. Bernie Madoff and Enron come to mind. There are all different sizes of thieves. Birds of a feather flock together so buying an accounting firm to write false reports doesn't seem to difficult these days. I got caught in two of these and lost all of my investment. Nobody went to jail and they only received slaps on the wrist. There is no justice in this country for corporate thieves. I did my due diligence in both cases but the numbers were all smoke and mirrors.

Johnny

There's something uncomfortable in your need to convince people. Not sure I take kindly to being called, "naive," and not sure you actually read my post.

As I said, I think your paranoid conspiracy mindset is about 30% correct, not 0%. Yes, people are conspiring, there's favoritism, nepotism, briberyism, back room dealingism, wink-wink nod-nodism...

But, at the risk of sounding beyond naive, I'm not looking over my shoulder for the black helicopters.

With all the respect i'm sure he deserves, your old man was talking rubbish, please don't take that the wrong way.

Thatcher had an effect on this country and in some quarters it was initially very painful indeed. Then over time, the pain ebbed and her vision was proven to be well advised. She dragged the country off it's knees, dusted it down and gave it hope and self-confidence. To continue to attribute today's troubles to a woman who lost power 20 years ago, is madness. Do you see how silly that sounds?

What about Blair and Brown? Your old man must have voted for them, what was their part in it?

Actually, not all that much. Nobody could have forecast this but even now, it doesn't mean that free market capitalism has failed. It's taken a heavy old blow but until I see this country return to the turmoil and poverty of the 1970s, I will not accept that the approach has been the wrong one. This is it's big test, we need to wait and see how we come out of the other end of it.

But do you think the UK is worse off than the states? Than Italy, France, Greece, Spain, Portugal, Ireland....in fact the majority of the industrialised world? We're fucked but not half as fucked as many other countries.

But, blaming Thatcher for this? Get real. You want to point a finger, maybe Brown should have regulated and not de-regulated whilst he was busy putting an end to boom and bust.

And that's why the revolution will NOT be televised.

Hello Rob,

I'm not paranoid just realistic. Sorry it makes you uncomfortable but this whole mess makes me very uncomfortable. I received similar comments back in 2007 when I told people to get out of the markets. You may not be in the naive group as I truly do not know you so please accept my apology. If you don't believe groups of men conspire to attain wealth then I will retract the apology for you are incorrect. The word better suited may be the unknowing or the unwilling to believe for which most people would fit into one or the other category. It really makes little difference as we are all in the same leaky boat.

I did indeed read your post and it wasn't long or confusing. Please don't take my word for it and please do your own research. I can tell you things that would make your hair stand on end but I'm only trying to convey to the readers the scope of the problem and not scare the daylights out of them.

If you believe the old money mongers of Europe and Britain have long lost their fortunes or at least divided it so many times amongst their heirs that it means nothing today you'd be greatly mistaken. Hidden from public view? Most definitely yes, but still in existence today and growing stronger. The Vanderbilts, Rothschilds, Plantagenets, Habsburgs, Capetian are just a few old country powerful families that go back for centuries. Are they members of this elite club? Who knows as no lists exist but the families and their wealth is still in existence.

In the US we have the Carnegie, Rockefeller, Kennedy and Ford families which I doubt are members as they are fairly recent. New money you see, which would be a subgroup.

In any event the group is playing a game and as I write this the game is a very serious one and one that only they can pull off and claim victory for mankind. The governments of the world are locked in talks as talking is what they do best. Disagreement and stalemate will be their undoing as well as ours. If their efforts are less than spectacular then G_d help us all and that my friend is what's needed from both groups.

Are you aware of what China has done and is going to continually do in the future? Do you believe they have the Western countries best interests in mind. If China can do all of this in a very short period of time then why not the very rich old families of the world that have been accumulating wealth for five centuries. China is manufacturing their own fighter jets, passenger jets, automobiles, electronics, appliances and countless other products. They basically have the western worlds technology and will now improve upon it. What do we have to trade now? Corn, wheat, Lumber and not much else. They just have to buy up the Midwest grain farms and the Northwest timber and put their own labor force working these and we end up with zero while our government does nothing and we line up in the bread lines.

Have a great day and keep an eye out for those black helicopters. Just kidding.

Johnny

con·spir·a·cy

   [kuhhttp://sp.dictionary.com/dictstatic/...una/thinsp.pngn-spir-uh-see] http://sp.dictionary.com/dictstatic/...on_default.gif Show IPA
noun, plural -cies. 1. the act of conspiring.

2. an evil, unlawful, treacherous, or surreptitious plan formulated in secret by two or more persons; plot.

3. a combination of persons for a secret, unlawful, or evil purpose: He joined the conspiracy to overthrow the government.

4. Law . an agreement by two or more persons to commit a crime, fraud, or other wrongful act.

5. any concurrence in action; combination in bringing about a given result.



I believe in this particular case it's NUMBER FIVE.

This reminds me of the Hunt Brothers of Texas who conspired to corner the silver market along with a few wealthy Arabs back in 1973. They managed to actually do it and held half the deliverable supply but then the Federal Reserve stepped in and they went bankrupt. They moved the price from $1.95 to $54. You'd have thought they would have taken profit way before that but their need for greed was extreme. It did prove one thing and that is it could be done and to a lesser extent is done by big money today.