“Indications are that the imminent bankruptcy of Banco Santander, the lead bank of the British Crown’s Inter-Alpha Group, and the largest bank in Europe, is now at the center of the crisis” LaRouchePAC
“Spain will be sacrificed on the altar of high finance.” Daniel Estulin
Did bankers use the MF Global bankruptcy to suppress gold and silver prices and create the panicked appearance of collapsing precious metals to give themselves additional precious time to delay the crash of the Euro and the US Dollar? As crazy as this sounds, a closer investigation of some key data seems to imply this possibility. Continue reading →
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Jefferson County, Alabama: Another Victim of Derivatives
by John Hoefle
Jefferson County Alabama Courthouse / Wiki Commons *
LAROUCHEPAC
November 14, 2011
Jefferson County, Alabama, filed for Chapter 9 bankruptcy on Oct. 9, in the largest municipal bankruptcy filing in U.S. history. The county–which contains Birmingham, the state’s largest city–is but the latest in a series of municipal governments destroyed by derivatives. How much of this destruction are we going to tolerate before we reign in the criminality of the financial markets?
“MF Global, which filed for bankruptcy protection on Monday, is the biggest U.S. casualty of Europe’s debt crisis, and the seventh-largest bankruptcy by assets in U.S. history.” Reuters
“the panic behind the scene is palpable” Tyler Durden, ZeroHedge
“Early this morning we were greeted with the news that MF Global went into bankruptcy a fact that I highlighted to you on Thursday and Saturday. I indicated that this would be a “biggy”!!“Harvey Organ