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Silver Update: Bob Chapman On MF Global

By: capt_nemo in ROUND | Recommend this post (0)
Sun, 04 Dec 11 6:00 AM | 45 view(s)
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Msg. 36823 of 45651
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By: Chevaux
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Chapman believes Jon Corzine was told to blow up MF Global and was granted immunity. Corzine had 25 years as a bond trader at Goldman Sachs and knew better than to make one sided bets. No excuse for that in an age of Credit Default Swaps (a kind of insurance on commodities and bonds.) He points out that we do not know who was on the winning end of all those bad investments. It could have been an arranged transfer of funds from the customers at subsidiaries of MF Global to a Rothschild or Goldman Sachs affiliate. We will not know until Corzine is arrested.

Of course Ben Bernanke has committed himself to funding all of the bad debts in Europe plus the US deficit and unlimited bad investments of the big New York banks. In short there is a massive inflation coming our way.
http://vidrebel.wordpress.com/2011/12/03/silver-update-bob-chapman-on-mf-global/

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.

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