Update On Silver, China And Surviving The Sudden End Of The American Government…(Read!)
September 5, 2012
Louise Yamada, one of the most respected Wall Street analysts, is very close to telling her clients to pull the trigger on the NYSE. Small investors and mutual funds are pulling out leaving only High Frequency algorithmic computerized traders and the Plunge Protection Team to buy stocks. There are no real human beings left in the markets. There have been repeated rumors that Morgan Stanley is near bankruptcy and is soon to be gobbled up by J P Morgan. Jamie Dimon has admitted that if his bank were taken over there is another 150 billion dollars in bad assets to get rid of. That means that even after 30 trillion dollars in Bailouts that all of the big banks are bankrupt.
Jim Willie has warned us that because of Glass Steagall’s repeal Morgan Stanley now owns Dean Witter and Smith Barney making them America’s largest broker with 300,000 brokerage accounts and over 17,500 brokers. In the Sentinel case the courts ruled that depositors whose money had been stolen by their broker could not sue the bank where the money was sent because Sentinel had not intended to steal their money. In the MF Global case 1.2 billion dollars vaporized and none of the money was returned. Sibel Edmonds told us that when the FBI did background checks on judicial nominees that honest men and women were turned down and felons were put to the top of the list. That is why we cannot expect justice from ‘their’ courts.
The Gauss computer virus which is similar to the CIA-Mossad Stuxnet computer virus attacks banks is thought to steal money from your account and send it to an account in another and unknown bank. Computer viruses have been attacking European banks and stealing money. This has made it impossible for depositors to have access to their money which is what used to be called a Bank Holiday.