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Will Your Future Get “Corzined” into Dust? Why Not?

Written by Gary North on December 9, 2011

MF Global lost $1.2 billion in customers’ accounts. The clients’ money is gone. Corzine testified under oath to Congress yesterday that he has no idea where it went.

If he doesn’t know, nobody knows. Yet the financial system rests on this: investors think someone in charge knows where all of their money is.

If you are a skeptic, and you think he is lying, then the question remains: Where did the money go?

How will clients get it back? They won’t.

Corzine is not in jail.

All this sends a message. Here is the mesasage: It’s over, folks. The rules have changed. The clearing house did not stand behind the trades.

So, you think you have a retirement fund. You think the accounts are secure. Well, so did everyone who had money at MF Global.

Here is what commodity futures trader Jim Sinclair said yesterday:

How can you have your money anywhere and expect and feel certain that this money will be returned to you when you see the inner workings of finance and Wall Street through the eyes of the collapse of MF (Global)?  Totally shocking.

We are in the midst of a crisis which is so complex that the public generally doesn’t understand it.  This event is so complex that I’m not sure professionals reporting on it or possibly even a good deal of the management of companies operating in it totally understand it.  The derivative is ahead of the client.

So in the Lehman case the banks just took out Main Street.  When MF Global went down, that broke the mechanism.  The sharks will eat the sharks now because in the case of the clearing house, what you are taking out are the traders and investors who had confidence that a clearing house meant their money was safe and segregated from misuse by the management of the clearing house.  You lose confidence in that, how do you settle trades?

Today it’s not a question of will your investment come out correctly.  Today it’s a question of whether the money you put into the investment will ever come back again, regardless of what the quotation is.  The only money I can count on is the gold I own.  Everything else depends on the system.

You have been issued digital IOUs. These used to be legal claims on the clearing house. No longer.

You may be resting all of your retirement hopes on the legal validity of these digital IOUs.

I wish you well.

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6 thoughts on “Will Your Future Get “Corzined” into Dust? Why Not?

  1. o's buddy .. another h scene only financially instead of in lives

  2. Hey, Those funds are in Obamas reelection warchest. And when he is reelected!!!! Money will no longer be important.

    Does anyone see the "HealthCare bill" is nothing but an undercover way of collecting JIZYA for islam?????

  3. Luke 10:18And he said unto them, I beheld Satan as lightning fall from heaven.
    In ancient Hebrew the word for lightning is barack, the word for heaven or the
    heights is bama and to connect the words either an “a” or an “o” is used.

    2 Thessalonians 2:3 (King James Version)
    3Let no man deceive you by any means: for that day shall not come, except there
    come a falling away first, and that man of sin be revealed, the son of perdition;

    Political Correctness a term first seen in Mao’s Little Red Book, a communist engendered abomination that is instituting censorship little by little.

    “If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter.”- George Washington

    Carl Marx, once wrote that, the goal of the Communists was to quote,. “enter into men’s minds and cast God down from his throne.”

    Matthew 12:31Wherefore I say unto you, All manner of sin and blasphemy shall be forgiven unto men: but the blasphemy against the Holy Ghost shall not be forgiven unto men.


    In ancient Babylon their economy was based on usury.
    “If you lend money to one of my people among you who is needy, do not be like a moneylender; charge him no interest. Exodus 22:25
    Hath given forth upon usury, and hath taken increase: shall he then live? he shall not live: he hath done all these abominations; he shall surely die; his blood shall be upon him. Ezekiel 18:13
    Usury is unlawful; expressly prohibited by GOD!
     Article 1 Section 8 of the U.S. Constitution clearly states that only the Congress can print and coin money! 

    The Federal Reserve Act of 1913 was slipped thru congress during the Christmas break with the majority of it’s members absent. 

    The Federal Reserve is self serving and privately owned in violation to the Constitution, charging interest on illegally printed money. Money printed from nothing!
    In America On June 4, 1963, a virtually unknown Presidential decree, Executive Order 11110, was signed with the authority to basically strip the Federal Reserve Bank of its power to loan money to the United States Federal Government at interest. With the stroke of a pen, President Kennedy declared that the privately owned Federal Reserve Bank would soon be out of business. Five months later A UNITED STATES PRESIDENT, PRESIDENT JOHN F. KENNEDY was MURDERED BY COMMUNIST!
    “If you lend money to one of my people among you who is needy, do not be like a moneylender; charge him no interest. Exodus 22:25
    Hath given forth upon usury, and hath taken increase: shall he then live? he shall not live: he hath done all these abominations; he shall surely die; his blood shall be upon him. Ezekiel 18:13
    Usury is unlawful; expressly prohibited by GOD!
    In ancient Babylon their priest sacrificed babies to their gods baal, and molech.  
    In America the communist under their socialist programs have sacrificed over 50 million American babies to their god satan!
    Leviticus 20:2-5
    2Again, thou shalt say to the children of Israel , Whosoever he be of the children of Israel , or of the strangers that sojourn in Israel , that giveth any of his seed unto Molech; he shall surely be put to death: the people of the land shall stone him with stones.
    3And I will set my face against that man, and will cut him off from among his people; because he hath given of his seed unto Molech, to defile my sanctuary, and to profane my holy name.
    4And if the people of the land do any ways hide their eyes from the man, when he giveth of his seed unto Molech, and kill him not:
    5Then I will set my face against that man, and against his family, and will cut him off, and all that go a whoring after him, to commit whoredom with Molech, from among their people.
    Luke 22:35-36 Then Jesus asked them, “When I sent you without purse, bag or sandals, did you lack anything?” “Nothing,” they answered. 36 He said to them, “But now if you have a purse, take it, and also a bag; and if you don’t have a sword, sell your cloak and buy one.
    Jeremiah 50:16Cut off the sower from Babylon, and him that handleth the SICKLE in the time of harvest: for fear of the oppressing sword they shall turn every one to his people, and they shall flee every one to his own land.
    Jeremiah 50:23How is the HAMMER OF THE WHOLE EARTH CUT ASUNDER AND BROKEN! how is Babylon become a desolation among the nations!
    Jeremiah 50:14 “ Put yourselves in array against Babylon all around, All you who bend the bow; Shoot at her, spare no arrows, For she has sinned against the LORD.

    All nations compassed me about: but in the name of the LORD will I destroy them. Psalm 118:10


    “The thing that separates the American Christian from every other person on earth is the fact that he would rather die on his feet, than live on his knees!”. George Washington



  4. Why is this individual not in Prison along side Bernie Maddoff. Who is behind the corruption and the stealing of the Investors money. Someone knows where the money is. Follow the money trail. If the President can loan the Banks 7.2 Trillion Dollars and didnt tell Congress? We have much bigger problems than this. The criminal activity is just beyond anything I have seen before. No checks and balances from even the Justice Dept or Supreme Court. No one gives a dam anymore. America’s Greedy bastards have control and taken over. When we dump American Heros remain and body parts in a landfill we are in all gone. Someone needs to be fired and prosecuted..

  5. President Obama needs to understand that this is what Happens when his Government of Cronies like MF Global Corzine being called by Obama and Biden the Smartest Guy in the Room then tells Congress he Simply does not Know what Happened to the MF Global Money and bankruptcy . They are just Bleeding the private sector dry !!

    Biden says Corzine put together Obamas Recovery act stimulus bills , the Shovel Ready Jobs Act of 2009 , that produced not as many Shovel ready Jobs as Obama thought it would , BUT That Money Went somewhere in to someone's Pockets and I bet Corzine Doesn't Know where that Money Went Either ??

    This Kind of manipulation of Capitalism is why it Doesn't work for the Majority !!!!

    We’re in excess of $100 trillion to bail out Europe


    World needs $100 trillion more credit, says World Economic Forum http://www.telegraph.co.uk/finance/financetopics/
    20 Things You Should Know About the Bill That Could Ruin America


  6. Where did the money go ? has anyone checked off shore accounts ? Do any have Corzines name on them ? Or his girlfriends ? He gave her a lot of New Jersey Money as I recall when he was govenor there .