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http://lewrockwell.com/celente/celente101.htmlCelente lost money in the MF Global bankruptcy and says the lesson learned is “You don’t own your money unless you have it in your possession.”
http://lewrockwell.com/celente/celente101.htmlCelente lost money in the MF Global bankruptcy and says the lesson learned is “You don’t own your money unless you have it in your possession.”
BabushkaLady (10th July 2012)
I've heard the same variant from a handful of other people too, I just like the way Ponce says it best, it has a certain flow to it, you know?
"Liberty is so creative, and the government is so stupid, that I’m very optimistic about the future"
- Lew Rockwell
BabushkaLady (10th July 2012)
What exactly did Celente entrust MF Global with?? Was it in fact 'money'??
"A man is to be held accountable for the thoughts he chooses to entertain." --Richard Alan Miller
"If both the past and the external world exist only in the mind, and if the mind itself is controllable-what then?" --George Orwell
"It's not a matter of what is true (reality) that counts but a matter of what is perceived to be true (reality)." --Henry Kissinger
That would be a yes AND a no, midnight rambler.
He trusted them with eDigits, which is equivalent "no."
Not only did "they" confiscate his MF account eDIgits balance, and issue margin call, "they"--the bankruptcy trustee also clawed back prior profitable closed out long ago futures contracts which had settled in physical gold metal awaiting his re-delivery instructions against which he was paying "storage and interest" in a COMEX insured warehouse.
beefsteak
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