50 Thousand Accounts MF’d

Not just F’d.  There are reports now that fifty thousand accounts yes 50,000 accounts are now frozen and the owners of the accounts have no access.

I wonder if people feel they should trust more in what they are being told these days or less.

The one thing I like about paper money is the reminder to “Trust in God.”  This prevents issues that occur when man places so much in the hands of another man.  Look what these people are doing now.

Gerald Celente is a world renown columist who has been documenting the financial fiasco.  He was in the process of taking delivery of a gold purchase and was stiffed or should I say MF’d by MF Global.

Check out Ben Bernake’s reaction.  He actually says “They (IM Global) declined quickly on a small number of large bets.”  So he refers to the “Invesments” that IM Global bought  as bets.  Like a cab driver at a dog track or something.  Are these guys serious? How much money do you have exposed to this type of management?

Very sad happenings.  Silver is still up 500%+ since 2000.

 

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