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01-06-2012, 04:33 PM #1
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Our gold is your gold You paid for it. Are you sure you own it?
Our gold is your gold
You paid for it. Are you sure you own it?
"You need to have capital to have capitalism"
I'm glad that someone is following this important story, but I'm not sure I agree with Keiser's leap of logic.
This part is undeniable: MF Global stole $1 billion+ from its customers' segregated accounts. The bankruptcy trustee wants to sell everything that's left in order to pay back as much of the missing money has possible - even if some of that "something" belongs to someone else.
That's bad. About as bad as it gets.
But I don't see how this translates into there being a "run on the Comex."
The other point this report makesI agree with entirely: Basic property law, basic rule of law, as it applies to Federal favorites (Citibank, JP Morgan. MF Global), is breaking down in the US.
It's kind of hard to have a free enterprise system under these circumstances.
The steady erosion of basic property
rights in America.
And the case of the missing MF Global gold.
Video:
http://www.realecontv.com/page/6406.html
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