Seeking Alpha

CLP7713

CLP7713
Send Message
View as an RSS Feed
Latest  |  Highest rated
  • Millions of tons of metal stored in "shadow warehouses" [View news story]
    I got an email from a friend who was referencing the article below as to why this is such an important article. Somebody, please give me any reason to believe it or otherwise.

    WSJ Reveals Where All the Stolen Money From the System Is Sitting
    Posted on December 27, 2013 by Neil Garfield
    FROM SHADOW BANKING TO SHADOW WAREHOUSING
    As I have previously stated, the Banks have literally stolen trillions of dollars from pension funds, municipalities, states, federal agencies, sovereign wealth funds and private investors. Estimates range from $3-$20 Trillion. So where did they put that money? They didn’t keep it in currency (too easy to trace and too easy to claw back). They are keeping it in natural resources which are (a) practically as liquid as cash and (b) likely to go up in value rather than keeping the stolen money in cash. The fact that they have already been fined for committing violations and crimes with the storage and movement of our natural resources is not stopping them any more than the fines and penalties they paid in the great group of mortgage-related settlements now totaling an estimated $200 Billion. Chump change when you have stolen trillions of dollars.
    The foreclosures? That’s just the finishing touch on the last scheme. Now the new one is starting in natural resources. They figure they have pretty much won the mortgage confrontation. Not on my watch!
    Millions of tons of metal stored in “shadow warehouses”

    http://bit.ly/1cKKhNN
    Dec 29, 2013. 12:52 AM | 1 Like Like |Link to Comment
COMMENTS STATS
1 Comment
1 Like