muses of the moment

November 21, 2012

MF Global Update

Filed under: MF Global bankruptcy — totallygroovygirlfriday @ 1:05 pm

MF Global is not gone. It certainly is not forgotten by groovygirl.

Click here from Jesse.

The most urgent problem facing the US and the Western nations is not a ‘fiscal cliff.’ It is the pernicious corruption in the financial system that has captured the politicians, and distorted the public conversation through influence in the media and directing the opinions and buying the research of ‘experts’ through the power of big money.

This is why you never have more money than you need to trade in your brokerage account. DO NOT hold treasuries, CDs, money market funds, gold/silver, or long-term stock holdings in your broker’s name!!! A brokerage account is NOT a bank account. It is NOT insured. It is NOT in your name. It is NOT protected.

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