Home | About Us | Our Advertisers | Contact | Subscribe

RealEconTV

Business news without the bullshit

Our gold is your gold

You paid for it. Are you sure you own it?

 
Subscribe to
RealEconTV
 

Absolutely free
Every time we post a new video,
we'll send you a notice by e-mail.

First Name:
E-mail address:
Enter your first name and e-mail and press subscribe
 

Home   More videos like this

"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.




For more Gold videos, click here

See the complete catalog of
real econ tv videos

About Us | Privacy Policy | Contact

Legal disclaimer

The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.

NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, BONDS OR FUTURES.

The author may have a position in any company or security mentioned herein. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.