Three To Get Ready

307
Fri, Dec 9, 2011 - 6:12pm

Three important items to review and ponder over the weekend.

First and foremost, if you haven't read this yet, I suggest you drop everything and do so right now:

https://www.zerohedge.com/news/gold-rehypotecation-unwind-begins-hsbc-sues-mf-global-over-disputed-ownership-physical-gold

A lawsuit such as this one could easily bring about the total destruction of the Comex/LBMA-based, fractional bullion banking system. Perhaps someone can reach Andy Maguire and see what he thinks.

Next, a little homework. Knowing what we now know about rehypothecation, please go back and read this:

https://www.zerohedge.com/news/bank-america-forces-depositors-backstop-its-53-trillion-derivative-book-prevent-few-clients-dep

Surely there's a loyal Turdite who has a savings or checking account with BoA. Perhaps someone even has a brokerage account there. If so, please review your account documents to see if you can find anything about rehypothecation of your money market funds or even your general savings. It may not matter much as the Merrill Lynch subsidiary almost certainly has rehypothecation "language" in their account documents. In any event, BoA account holders would be wise to follow very closely the continuing MF global saga.

Lastly, I need a little help. In building out the TurdMart, we added a "preparation store" as a one-stop portal to Amazon for your prepping needs. To begin with, we've added links to all the stuff I could think of.

https://www.tfmetalsreport.com/preparation-store

What have we missed? What are the most important home preparations that you think you can make for the future and why? If you could pick one product that could most help you prepare for the future, what would it be? Any and all suggestions will be considered.

Thanks again for another great week. Get some rest and relaxation. If you think this week was crazy...well, you ain't seen nothing yet. TF

About the Author

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turd [at] tfmetalsreport [dot] com ()

  307 Comments

pheeseas
Dec 9, 2011 - 6:15pm

Incarcerate

Incarcerate Corzine

Share

by Eric Fry, DailyReckoning.com:

If wishes were horses, beggars would ride, according to a 16th century British proverb.

Continuing that logic, if wishes were $1.2 billion of missing client assets at MF Global, the company’s former CEO, Jon Corzine, would not be a criminal. But alas, wishes are neither horses nor missing client funds…so beggars don’t ride and CEO’s that “misplace” $1.2 billion of client funds are criminals.

Does Corzine deserve his day in court? Absolutely. Let’s give him several days in court…after which let’s give him several years in jail.

Perhaps there is a legitimate defense for Corzine’s overtly indefensible act. But we pity the poor defense attorney who has to come up with that one. In the heavily regulated, frequently audited and continuously marked-to-market world of broker-dealer operations, $1.2 billion does not simply “go missing”…and if it does, the CEO absolutely, positively knows about it, if he did not directly authorize it himself.

Read More @ DailyReckoning.com

Dolomite
Dec 9, 2011 - 6:16pm

Thurd?

Thurd?

Bay of Pigs
Dec 9, 2011 - 6:21pm

Here's a great product

Ultimate Meal

https://www.betterlife.com/prod_home_page.asp?prod_id=9025

Stores easily for a couple of years. Mixes well with fruit, water, juice. I highly recommend it.

tpbeta
Dec 9, 2011 - 6:23pm

errrr....first?

Amazing week, and some quality Turd commentary which has been much appreciated. I'm guessing Monday morning the markets will take Europe to the wood shed for a serious whipping. Possible sell-off of the UK to go with it, so lots to look forward to.

https://www.telegraph.co.uk/finance/financialcrisis/8947470/Eurozone-ban...

Be Prepared
Dec 9, 2011 - 6:36pm

Denial of Knowledge

The blood in my ears boiled out of my head when "Don" Corzine actually had the audacity to say that he had no knowledge of how the money from tens of thousands of clients and 1.5 billion in supposedly segrated money just disappeared. Does he think that we are stupid enough to believe that while his firm was collapsing, under their own bad prop desk decisions in the months leading up to their filing, he just stood around in a vacuum blythely doing nothing? He made this decision months before it happened....it was their plan "C"....but he pulled the trigger. Every Accounting System in a big corporation has layers where each decision makers, based upon their approval level, has to sign off. He may try to say that he has a "Denial of Knowledge"....but not one of his client's are buyin it. This lawsuit will go no where and "Don" Corzine will be the Treasury Secretary for OBummer's Second Term....

Stormdancer
Dec 9, 2011 - 6:42pm

Grain Mill - Country Living

https://countrylivinggrainmills.com/

I believe this to be the best, most durable, most versatile grain mill for the prepper who needs flour for family and a few friends. A mildly handy person can quickly rig up a washing machine motor to automate it. Automated, it will grind enough for many people. It grinds exceeding fine on the first pass using fully adjustable, lifetime warranted hardened steel burrs.

Under $500.00

I spent a bit more because I bought 2 full sets of replacement parts and all available accessories. The handle extension is really the only "must have" accessory for those who intend to operate the mill manually. The body is ceramic powder coated aircraft aluminum for both strength and light weight. It's still a hoss :). Sealed ball bearing construction for all moving parts.

I've got 6.8 tonnes of wheat stored in olive barrels in the shed and this thing will grind all of it without wearing out.

One of the few purchases I've made in life with no regrets.

¤
Dec 9, 2011 - 7:09pm

Tactical Bacon!

Just found this at the TFMR store. Go check the store out, you never know what's in there.

Like this Tactical Bacon for instance.

Does Eric O' or Xty know of this?

A home beer making kit or whatever they're called could be vital. Lots of bartering possibilities and possibly just necessary to numb yourself out from whatever lousy situation might necessitate needing provisions in the first place.

A beer sounds pretty good right now.

Mr. Hyde
Dec 9, 2011 - 7:09pm

Like She Saw A Ghost

After all this weeks commentary and reading, Mr. Hyde decided it was time to clean out his small but precious savings/emergency account and convert most of it to physical. It was amazing, I went to my local bank today, sat down with a personal banker, asked her to pull up my accounts, verify what I had in savings, then I asked her if she could go get $9,000 of my savings in hundreds for me because I didn't want to be seen at the front of the line being handed all those hundreds.

She looked like she saw a ghost, after collecting herself, she said is something wrong? Did we do something wrong? I said you didn't do anything wrong darling, but honestly I simply don't trust my hard earned dollars here or any other back at this time, could you please get me my nine grand? She said we only have five grand on hand...our policy. She asked what I was going to do with it, I said I'm buying gold, you should probably consider doing the same, you can imagine the discussion that followed. Eventually she got me my five grand, I asked her to have the other four ready for me to pick up first thing Monday. Another five grand next Friday and so on.

Quite the experience, you should try it, if for no other reason, for a few laughs...except the shits that's gonna hit the fan isn't really that funny.

BTW Turd, thanks for all you do!! You are the man!!

Xeno
Dec 9, 2011 - 7:14pm

I'd round out my shopping

I'd round out my shopping cart with;

batteries, LED flashlights, twine, a KA-Bar knife, duct tape, first aid kits, iodine tablets, masks, lighters or water proof matches, socks (lots of socks), thermal underwear, boots, coats, knit hats, and a partridge in a pear tree.

Not sure if Amazon sells prescription strength whiskey pain killers or not tho.

JackPutter
Dec 9, 2011 - 7:23pm

Another thought;

OK, If governments are finding that they have had all power wrested away from them by the credit default swap card, then;

the getting those damnable things under regulation, plus this hypothecation mess needs to be unwound. We then sacrifice a blokerage (Intended) to trigger the push of the regulations into political viability. Dragging all resistance into the barn kicking and screaming.

To get the constitution back onto decent footing we pass a stupidly obvious and scary law to get the populaces ire up. Not only that we awaken the people to get the personhood of corporations quashed.

Could someone be so tricky as to do that?

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