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

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