DID THE CLOCK STRIKE MIDNIGHT FOR THE ECONOMY?

George Offerman

The internet has been abuzz with loads of information and speculation concerning this MF Global failure (Now we know what the MF stands for) and what it portends for the future.  This is juxtaposed to the MSM which is downplaying this event, and making it sound like Jon Corzine was just a disinterested CEO looking on with little to no responsibility for what occurred at his firm.  Based upon the reactions from many differing factions, it would appear that this ‘event’ may very well be the tipping point that is going to start the roller coaster on its wild ride.

The more I read and the more I think about what has happened over the past two weeks, it is seemingly clearer that we are in major trouble.  There are many who have rightfully claimed the markets have been corrupt for some time.  There are others who have proven beyond a doubt the Comex has been manipulated, at least concerning the precious metals for at least 20 + years.   However, I cannot recollect at any time, where there has been a breach in trust, in which individual customer accounts were raided to pay off bad derivative bets and at least some regulatory body coming forth and making the injured customer whole again.

This is unprecedented, and beyond a doubt, is having a very chilling effect on the market.  It is with little exaggeration that everyone who has accounts in any forms in any of these companies has now been given a warning sign in neon lights: get out of the market!  NOW!!!  It is so crystal clear that if one is in the elite group, he can expect to be bailed out, pronto by the Federal Reserve on the taxpayer’s dime, but for the rest of the 99%, we are clearly on our own.  This system as it is run currently is so brazenly corrupt that it is no longer done in the dark, but in the light of day, and with little to no consequences for the perpetrators.

So, the question is, how long can an openly corrupt system operate, when it is crystal clear the average Joe cannot trust whether he can safely grow his money in the system as it is?  If the average Joe cannot grow his money in a system that he has been told is honest and right, then where does he go to grow his money?  And what becomes of this system once the majority of the ‘Joes’ gets it and decides to abandon it?  Well, this seems to be where we are at this moment in time.  Will (or can, or should) the system survive?  There seem to be many compelling reasons to think we are seeing the ending of the current economic system as we know it.

The whole reason for why the average person participates in any of these markets is to increase his net worth in order to something that is seemingly becoming more out of reach: having a better life for himself and those he loves.  When it dawns on enough people that this whole system is rigged against them, they will decide to not play anymore, and will demand that justice be done for those who stole their money from them.  Since our government has clearly not prosecuted any of these thugs, and it is looking less likely they will go after the Obama crony Corzine, the only option left for most people is to take all their money out of this corrupt system and put it in something safe, that will offer a fair and honest return on their sweat equity.

So, we very well may have hit midnight on the economy clock, as it is very apparent we are on our own to make our own future.  The new paradigm will involve being productive and will be a cash and carry system based on real and honest money.  It is now the responsibility of the individual investor to make up their minds and to act.  Time is of the premium now, and action must commence, or it very well may result in many people’s untimely demise.

HOW MUCH MORE BRAZEN WILL IT GET?

George Offerman

I have been a long time reader of Gerald Celente, and have been rather stunned at his accuracy in calling many of the trends and ‘headlines’ that have occurred over the years.  Mr. Celente is very well respected in the economic circles and is often sought out to comment on the current events, and normally does so with great clarity.  So, it really stunned me to see that Mr. Celente’s gold was stolen from him in the MF Global debacle, and it goes to show how brazen these people are when it comes to playing with other people’s money, and taking their money when these @$$holes lose their bets.

For those who think this is a bunch of conspiracy theory hooey, this event ought to be a huge wake up call and a warning that the powers that be do not give a donkey’s rear end about you or your well being.  It has been totally about them and their unquenching thirst for money and power.  MF Global has basically violated all lawful and moral standards, in which through their bankruptcy, froze supposed ‘segregated’ customer accounts while the markets were still open.  It disallowed for customers to access their money or holdings of COMEX receipts (supposedly good as gold) and are mixing the funds of these accounts with that of the firm itself, which is illegal.

The amount of money in dispute comes to about $2.2 billion.  Although not a small amount, it pales in comparison to the $2.1 TRILLION given to domestic and foreign banks by the Federal Reserve over the past two years, which in essence, covered bad derivative bets by the ‘too big to fail’ banks.  While the government and its crony regulatory bodies have no problems putting taxpayer monies on the line for their fellow cronies, these same criminals will allow the gross violation of the law by not paying back these individual customers, but most likely will not even follow through and file criminal charges against these thieves.

I have run into two very relevant postings by two people I am greatly inspired by that cover these points much better and clearer than I will ever be able to do.  I will link both articles to this posting and I highly encourage you to read both of them.  The first is from Ted Butler, the worlds foremost silver guru and first man to uncover the precious metals manipulation on the CRIMEX nearly two decades ago.  Mr. Butler discusses how this MF Global scandal is really a historical moment in time, but currently unrecognized as such.  The ramifications are huge, and have yet to be played out on the world’s stage, but it seems this criminal activity is a game changer and may end the system as we know it in short order.

  http://news.silverseek.com/SilverSeek/1321022610.php   

The second is from Ann Barnhardt CEO of the Barnhardt Capital Management, Inc.  In short, Ms. Barnhardt closed her business due to the breakdown of law and order, and succinctly points out that the cornerstone of all markets is integrity, honesty and trust.  The MF Global fiasco has proven beyond a doubt that the market is now rigged for the money powers, and there is absolutely no safety or assurance anyone will get their money or commodities out of this market.  Ms. Barnhardt goes further, and recommends that ALL CUSTOMERS get out of this market and to not reenter until the cronies in the White House and in government are replaced with people of integrity.  This is a very powerful letter, and should be required reading for everyone in this country.

http://barnhardt.biz/     refer to BCM has ceased operations, part I and II.


It is beyond imagination that the thievery has come to the level and magnitude it is now at.  The brazen thievery and subsequent cover-ups are stories that Al Capone couldn’t even have dreamed up.  Yet, here it is, and it seems like so many don’t care and don’t see the connections between our collapsing economy and the liars and thieves that run the asylum.  The dots will soon be connected, and there will be no mistaking the cause of the misery soon to befall us.  It seems the worst case scenario is going to play itself out, and the lack of preparation by the common man is going to devastate countless numbers that ought not to have to go through this engineered crash.