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Audio: In A Broken System, You Must Be Your Own Central Bank, Sinclair Tells King World News
kingworldnews.com ^ | December 9, 2011 | Jim Sinclair Interviewed at KWN

Posted on 12/09/2011 3:58:22 PM PST by Razzz42

Entire Audio interview of Jim Sinclair. (No transcript as of yet)


TOPICS: Business/Economy; Government; Politics
KEYWORDS: banking; centralbanks; debt; jimsinclair
Link for interview click here. If couldn't find it at the website.
1 posted on 12/09/2011 3:58:28 PM PST by Razzz42
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To: Razzz42

Key point: derivatives and other layered, highly, highly leveraged debt instruments now TAKE PRIORITY in bankruptcy over customer accounts in brokerage and clearinghouse accounts.

You just THINK you own those securities on your monthly statements!


2 posted on 12/09/2011 4:11:19 PM PST by JustTheTruth
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To: Razzz42

*


3 posted on 12/09/2011 4:33:05 PM PST by PMAS
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To: JustTheTruth

You can ‘take delivery’ of those shares you own especially if you don’t trade them and are just sit waiting for a rainy day to cash them in. Better to get them in your name electronically or sent to you in a paper certificate form and keep in a safety deposit box.

Right now your broker owns your shares in ‘street name’ and can use them as collateral when you are not looking.


4 posted on 12/09/2011 5:45:56 PM PST by Razzz42
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