MF Global, tip of iceberg?

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MF Global, tip of iceberg? - 11/17/2011 3:52:51 PM

seekerofslut

Posts: 215
Joined: 9/7/2011
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It's non-partisan economics. Things are getting much much worse.

The futures and options markets are no longer viable. It is my recommendation that ALL customers withdraw from all of the markets as soon as possible so that they have the best chance of protecting themselves and their equity. The system is no longer functioning with integrity and is suicidally risk-laden. The rule of law is non-existent, instead replaced with godless, criminal political cronyism.

It's in the EU too.

Just FYI for those interested.

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RE: MF Global, tip of iceberg? - 11/21/2011 12:01:19 AM

thenihilistpet

Posts: 1
Joined: 7/31/2011
Status: offline

Re: MF Global

$869mm [$600mm liquid] in commodities accounts (futures, etc...) are "missing" according to the WSJ and the CFTC (Commodities Futures Trading Commission). Corzine and Flowers et al. attempted to transfer client funds (now frozen) into the fund to cover losses in the days prior to insolvency to cover the numerous margin calls by the CME to no avail. Those few clients who are able to access their accounts are receiving roughly $0.60 on each dollar invested.

This is no different than LTMC (Long Term Management Capital).

Expect a 'real' upswing increase in commodities futures prices (energy/ag/etc...) [eg. oil is now above $102/bbl mitigated by the Cushing pipeline inventory] that will translate into higher retail consumer prices in the near short-term.

Conclusion: contact your State Representatives/Senators and demand that "The Dodd-Frank Act" be enacted in its entirety or contact the CFTC directly.

The EU and ECB (European Central Bank) crisis is a entirely separate economic situation based on 1) a common currency (the Euro) devalued regionally, 2) individual country specific debt levels/ratios, and 3) specific country double-digit (15%+) unemployment and negative to nil GDP growth (Spain, Greece, Italy...) combined with proposed or enacted institutional "scarcity" fiscal, monetary, and social reductionist policies.

-thenihilistpet

(in reply to seekerofslut)

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RE: MF Global, tip of iceberg? - 11/21/2011 1:50:12 AM

Termyn8or

Posts: 18681
Joined: 11/12/2005
Status: offline

1. What the fuck slows this site down, this window should be up in 240 millseconds.
2. Why should I read a fucking textbook on what I already know ?

Anyone who thinks they are going to make any monry in the markets these days is so fucking stoopid I want to let them lose their fucking money. The only ones making any money now are insiders, and yes it is perfectly legal now. They remade the movie Wall Street but really, none of those people would have been given a second look today and we know it.

And they know we know it and they also know that we know that they know that we know it. Hey, things like this are what makes revolutions a big pain in the ass. They still work but it just might be a bit harder, the longer you wait.

See I am not going to participate. Twenty years ago I would be one hell of an asset. You wouldn't fucking believe. I was wild and rich, no respect for anyone or anything, no regard for human life or anyhting that resembled it. The planet could go fuck itself.

I would poison a town's water table for giving me a traffic ticket. Yes, I would have been quite the asset, if you would have me. Totally nasty to anyone not in my clan or whatever.

But only when it came up. I came goddamn close to agreeing to take X amount of toxic waste and almost got paid for taking out revenge. I stopped short, it was just too much. But understand that I have NO moral stops. Like you "can't" do something, well I won't, but I can. I could shoot my whole family without hesitation or losing a minute's sleep over it, I simply do not have that particular component in my brain.

But you know I won't even squish a bug.

We are underground, we are not known, and we like it that way.

When OWS comes to us, you will see some shit happen. Fuck tinfoil hats, we got tinfoil guns, and they WORK ! We are going to show all you MFs what a fucking class war is all about and how the undervolk win it. We are going to show you how, but your prerequisitte schooling isn't quite finished yet. You need to learn more FROM THEM. Let THEM run things for a bit longer so it will sink into your fucking mind just how they are.

You will find us with gray pony tails and torn flared out jeans. Beads and funny glasses. You wil find us with old piece of shit cars, with fifty gallons of deisel in the basement, and solar cells and batteries that haven't even been used yet before the shit hits the fans. You will find us under bridges with Walmart coupons and in the basements of the neighborhoods with zip guns equipped with silencers.

You will find us all over the place, making a hundred grand a year cash - tax fucking free, talking to Arabs and every other enemy of this fucking ZIONIST OCCUPATIONAL GOVERNMENT. Yes I said it. Goddammait, you think it's fucking OK for another country to hold the reigns of the most powerful lobbying organisation in this country ? If so maybe you should go to that country. Allah help you if US aid gets cut off though....

Motherfuck this whole planet and how it operates.

Talk to me.

T^t

(in reply to seekerofslut)

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RE: MF Global, tip of iceberg? - 11/21/2011 9:08:13 AM

willbeurdaddy

Posts: 11894
Joined: 4/8/2006
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quote:

ORIGINAL: Termyn8or

1Anyone who thinks they are going to make any monry in the markets these days is so fucking stoopid I want to let them lose their fucking money.

Anyone who doesnt know how to make "monry" in this market is so fucking "stoopid" they deserve to stay poor.

_____________________________

Hear the lark
and harken
to the barking of the dogfox,
gone to ground.

(in reply to Termyn8or)

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