Source: Infowars Nightly News
Date: 11/15/2011
If it can happen to financial and geopolitical trends expert Gerald Celente who has been trading gold (taking physical delivery of futures contracts) since 1978 it can happen to you. Here is what happened. Mr. Celente was trading gold futures in order to take physical delivery on the December contract from his Lind-Waldock account. He did not realize Lind-Waldock had been bought out by the now bankrupt MF Global, headed by ex-New Jersey governor and Goldman Sachs CEO Jon Corzine, until Corzine resigned due to the scandal. MF Global was taken down by bad bets it made in Eurozone investments. The Eurozone is crumbling. Gerald Celente can not get his money (six figures) now. 150,000 people are in a similar situation per Celente. This highlights bankster fraud/theft and the danger of trading in paper derivatives. MF Global was supposed to segregate customer accounts from their own trading accounts which apparently they did not do.
See MF Global Looted Customers’ Accounts Via Internal Bank Run and Euro Gold Outperforming Bunds and Euro Assets / Celente’s MF Global Gold Account ‘Looted’ for further details.
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