Warren bulldog's his own broker by confronting them with critical questions that remain unanswered regarding the risks of Hypothecation and Re-hypothicaion, the validity of money that can never be delivered, the perils of margin account, speculation in shell corporations, assurances of fund segre... More
Added Jan 3, 2012
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Duration 7:23 | views 10773
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Tags mf global brokerage accounts hypothecation rehypothecation fdic sipc insurance trading stocks bonds discussion risk derivatives house of cards wepollock
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Recent Comments (124)
GM5784 Says:
Just like farm-vile, nothing is real.
murraycg69 Says:
Penson Financial and Questrade??? Penson is registered with the CME how is Penson doing on the Warren scale??? Thanks
lowpross11 Says:
Exactly why I got out of Fidelity... "Can't" produce answers, too many questions unanswerable.. Good Video Post. Thank You!
apalm20 Says:
@wepollock GET'EM!!!!
moviematcanada Says:
I pulled all my money out of the banks in Sep 2011, converted absolutely everything into Silver Maple Leafs. If you ain't holding, You don't own it. My friends think I a freaking nut case, planting a garden, guns, ammo, supplies, generators, etc I'm ready for it, if it doesn't come I'm still way more ahead than if I didn't do anything.
bigdad06 Says:
Pull your money out before it is too late! Just pulled mine out of Scottrade last week!
itillbeme Says:
Your way to nice Warren.
sevenmmm Says:
I liquidated all of my accounts more than 3 years ago, including my 401k. The entire pool of American investor money has been leveraged and subject to rehypothecation. Even if you agreement prohibits such action. The top tier financial people have no compulsion to follow the rule of law. Sue all you want, but be forewarned, they own the courts as well. Time to figure out another way to get your stimulation. I have a good idea what that could be.
KevinHarlan Says:
What is Fidelity doing? Is Fidelity not safe?
thegbpackers284 Says:
Perfect. We all know it's coming! Great job as always Warren.
TheSilverWatch Says:
That does not change my position. I stated it Very Clearly. I have no confidence in the Canadian Banking system. I said once and I will say it again. period. When the US Dollar collapses, (and I expect it will at some point during this decade), Canada Will Not come out smelling like a rose and there will be many Canadians burnt by the Banking system. Thats my opinion and I am sticking to it.
wepollock Says:
Canada is protecting customers.. They have done it with MF Global, and also by curtailing exotic income partnerships, they failed to do that with banks in the past when had tiny insurance funds 60K per account. The banks have been following up by adopting US criminal methods; but they are not totally bad because their a a only a few and they are highly regulated.
TheSilverWatch Says:
I just liquidated one of my Canadian Trading Accounts. I have no confidence in the system. In my opinion it is designed to feed people who do not care about how long and hard I worked for my wealth over a 20 year time period. I want to ensure that what rightfully belongs to me stays with me and does not evaporate into thin air. Silver Maple Leafs do it for me.
NarodnieMstiteli Says:
SIPC is lipstick on the pig.......eye make-up on Kim Kardashian. Go beneath it, and there's nothing there.
moomman89 Says:
I know.You should invest in the new and improved Company named Screw Fraud and Dump Inc.
NicosMind Says:
Have you ever been on with Max Keiser, like On the Edge or the Keiser Report? This would be a good subject to talk about.
Garyscott7 Says:
Oh you'll get your money. Captain Jack Sparrow is bringing it on the Black Pearl from Port Royal as we speak.
RoberTastic Says:
Everybody watch "Chris Hedges "Brace Yourself! The American Empire Is Over & The Descent Is Going To Be" it is AMAZING
Romulan112 Says:
This is excellent, pertinent information.
Romulan112 Says:
sorry for going off the topic, could U imagine Ron Paul as President , Peter Schiff as VP, and Warren Pollock as Treasurer
fnd111 Says:
They do not seem to be able to answer his questions. F.N.D.
whiskerchild Says:
Excellent questions!! Now I'm going to sound a bit more intelligent when I talk to any brokerages in the future, and my IRA people.
kileer7 Says:
The killing fields are ready.
jimbobubbadj Says:
It's paper and tied to the dollar, bail out! Pay whatever penalties you must, getting what you can get now is better than nothing later.
jimbobubbadj Says:
The system which includes the financial system is becoming ever increasingly complex. In the end people have to oversee the system. People have limits to what they can read, manage and comprehend. Based on this alone, never mind the mathematical certainly that fiat will collapse, this system must collapse. Anything that is tied to the dollar, all paper financial instruments, will collapse with it. Wall St will say well our agreement was that your account was in dollars. We can't print dollars.