Anatomy of the bankster state

By Peter Hodges

According to Bloomberg more than 150,000 customer accounts worth $5.45 billion have been looted of some $600 million by bankster Jon Corzine and MF Global. Such money market accounts are considered “safer than bank deposits and just as accessable.” Customer accounts are required to be kept and managed separately from the firms market-gambling operations. But Jon Corzine has been gambling with his customers money, and MF Global is now bankrupt. No one knows where depositors cash went.

MF Global had just passed audit by the self-regulating Chicago Merchantile Exchange and CBOT, confirming their accounts were in order. Investors were also led to believe that deposits in their segregated customer accounts were covered by the SIPC, a privately owned but government funded insurance company for money market accounts. Despite the week-old audit and the supposed SIPC insurance, clients have no access to their money.

Markets have been shaken by reductions in liquidity as large numbers of traders are frozen out of their accounts.  These traders are the foot soldiers of the financial mafia. However, facing such blatant theft, traders “have lost faith in the retail brokerages and regulatory system” and are pulling their accounts. Bill Gross, manager of the world’s largest bond fund, said, “Investors may be more concerned about the return of their money than the return on their money.”

Ironically, just as MF Global was going bankrupt, traders at the CBOT were taunting Occupy Chicago protesters with “WE ARE THE 1%” signs while leafleting McDonald’s applications out the windows. How many of those traders have had their cash stolen by bankster Corzine, and might now be needing a job?

Jon Corzine is former CEO of Goldman Sachs, former Senator, and former New Jersey Governor. While at Goldman, he chaired the Treasury’s borrowing committee under Bill Clinton. He is Obama’s prime fundraiser on Wall Street. His successor at Goldman went on to become Secretary of the Treasury. Another Goldman associate managed TARP (the Troubled Asset Relief Program).

Corzine reportedly used his political connections to build MF Global into another Goldman Sachs, intimidating regulators, and even somehow getting the firm access to the Fed discount window. Free money from the Fed was not enough as Corzine gambled big with his customers private assets, leveraging as much as 36 to 1 while betting against European sovereign debt.He used money stolen from his customers to drive up the cost of borrowing in Europe.

Corzine, however, is unlikely to ever see the inside of a courtroom as long as he is hosting $36,000 a plate fundraisers for Barack Obama. Bizarrely enough, just a few months ago MF Global issued securities promising to pay an extra 1% upon Corzine’s appointment and confirmation to a top federal job. Word on the street was Corzine was in line for Geithner’s job at the Treasury.

MF Global and Jon Corzine reveal the financial mafia at the heart of the corporate-state. Our government is run by a criminal class for their own interests. They are above the law, because the financial industry owns the politicians and writes the laws. They control the Federal Reserve and the Treasury. It is a bankster state performing the largest transfer of wealth in the history of world. Theft, in other words.

Peter Hodges lives in June Lake and comments on national news when his blood reaches a certain boiling point. 

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