muses of the moment

July 26, 2012

Jim Sinclair’s Warning

Filed under: ETF, Gold and Silver Investing, MF Global bankruptcy, Precious metals, The Banking Crisis — totallygroovygirlfriday @ 1:14 am

Click here for a very clear and important warning from Jim Sinclair to the investment community.

How anyone can put any money in a securities/commodities clearinghouse is beyond me. You risk your financial life to win trading then end up with practically nothing whatsoever.

The system is totally broken. Governments are busted. The securities insurance programs are wildly over extended by the fact that their capitalization cannot guarantee what they are supposed to be guaranteeing.

The system is broken.

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