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November 18th, 2011 
FAKE NEWS for the Zionist agenda 
Kurt Nimmo
Prison Planet.com
November 17, 2011
Bloomberg reports today that CME, the world’s largest futures exchange, may face liability in the MF Global scam that has bilked customers out of nearly a billion dollars.
Back on October 30, it was reported that CME noticed a shortfall in MF Global’s segregated client funds, but did not immediately report it to the Commodity Futures Trading Commission, the CME Group’s regulator.
CME oversees its futures-broker members such as MF Global under its authority as a self-regulatory organization and is required to report irregularities immediately.
CME’s behavior is especially suspect after $600 million fell in a back hole when it was placed in an account with Wall Street giant JP Morgan following the collapse of MF Global.
As we noted today, it is very suspicious that weeks prior to MF Global’s fall billionaire investors like the Koch brothers had the miraculous foresight to withdraw all their money, prompting accusations that big players got a ‘heads up’ in advance of the firm’s collapse.
CME is now in the process of damage control. Earlier today, the organization issued a press release stating “that it followed CFTC requirements and CME Rules and procedures in reviewing MF Global’s segregated funds statements and coordinating that review with the CFTC” and characterized reports that it was negligent as “inaccuracies.”
Trends forecaster Gerald Celente, who lost gold futures at MF Global in the six figure range, has discovered a video of CME Executive Chairman, Terrence Duffy, holding a press conference last year in which he unequivocally states that no “customer has ever lost a penny as a result of a clearing member default that CME Group.”
Duffy admits that CME is the “guarantor of every transaction that happens in our markets [and] we have to guarantee the performance of each and every one of these contracts.” Obviously, this was not the case with MF Global and its clients.
The CME boss claims in the video that the futures and options markets provide “a place of shelter for the most damaging parts of the economic crisis” and “function flawlessly, providing liquidity, transparency and central counterparty clearing services that continue to work throughout the crisis,” a claim that turns out to be entirely fallacious, as Celente and others discovered after MF Global went belly up.
Duffy proudly admits that CME is “the guarantor of every transaction that happens in our markets” and guarantees “the performance of each and every one of these contracts which means facilitating the transfer of $800 trillion of risk. To do this, we hold more than $100 billion of collateral to support the transactions that are being done on our markets.”
However, as Gerald Celente notes in an email sent to Infowars.com, not “only have customers lost money, they’ve lost their futures positions. Secondly, and more important, CME did not honor its ‘guarantee’” to MF Global’s clients.
“This is big news that nobody has uncovered, and I’d like to break it with Alex,” Celente writes.
It is not certain at this point if CME’s role in the scandal will be highlighted. Authorities are attempting to track down MF Global client money lost in JP Morgan’s black hole and two “aggressive and high-profile federal prosecutors,” according to the Wall Street Journal, are using subpoenas to gather MF Global records.
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17 Responses to “Celente: CME Did Not Guarantee Oversight in MF Global Scandal”
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Oh noes,
“It is not certain at this point if CME’s role in the scandal will be highlighted. Authorities are attempting to track down MF Global client money lost in JP Morgan’s black hole and two “aggressive and high-profile federal prosecutors,” according to the Wall Street Journal, are using subpoenas to gather MF Global records.”
HAHAHAHAHAHAHHAHAHAHAHAHAHAH,
CME, the company that backs “all” investment holds 100b in collateral as proof of “backing” means their word is worth zero point shit!
Not only did they FAIL to do their job in REPORTING this obvious insider-scandle, but they FAIL in their core reason for being as a backstop to the companies they represent!
There are soooooo many laws that have been broken here someone will be offered up as a scapegoat so all the richy-rich scumbags get to keep their ill-gotten gain and escape any kind of punishment for their evil deeds.
It is no wonder any longer that ALL of these money-grubbers will be exicuted 1st thing in the 2nd american revolution followed closly by anyone who worked for the gubbermint.
Goldman Sachs and Freemason’s and Trilateral Commission have taken over Europe :
youtube dot com/watch?v=cpNlnpn0Jvk
They’ve stolen all of the poor people’s money now they are stealing the rich people’s money.
dhsn Reply:
November 17th, 2011 at 1:54 pm
There can be only one!
dncholas Reply:
November 17th, 2011 at 2:01 pm
Yes. They already looted the American people as a whole and mostly the low income class is left with nothing to take except the remaining houses. Now they are going for broke and taking large money grabs. These banker scum know they can’t keep having banker bailouts handed to themselves repeatedly. Now they just gamble with our money until they fail, move all money left and go bankrupt keeping the money.
All of these “heads-up guys” need to EXPLAIN where that public information was procured.
They need to roll-over their source. Otherwise they should lose every dime plus punitive triple damages.
So, LET’S HEAR IT!
Chicago, ah yes, also known for their fine fur-lined cement shoes too ! Yes, they’re wonderful for that oceanic view of the harbor too !
Looks like ol’ Celente got burned in an MF’N paper gold scam.
must not of showed up on his F’N forecaster crystal ball…heh
the expert got played
THIS GROUP OF GANGSTERS SHOULD BE BLINDFOLDED AND FACE A FIREING SQUAD,THIS WOULD STOP THE OTHER BANKSTERS FROM TAKEING WHAT IS NOT THERS
$800 trillion of risk? $800 trillion!!!!???? how long are we going to let banks play with money they dont have and then steal our money to cover their losses?
laughing fucking out loud @ you white folks crying cause other white folks taking your shit(the only time you stand up for injustice is when it happens to you.) welcome to the world of being mexican or black. have we been able to do anything about your greedy asses over the past 100 years? what makes you think you stand a chance? just be glad its your own ppl taking your shit instead of us bitches
reconscoutsniper Reply:
November 17th, 2011 at 3:11 pm
You again? You must relish the thought of having your “racist ass reamed”.
Mexican or Black? Who is killing Mexicans faster than ever in Mexico…Huh?!! How about blacks killing blacks? Or stealing from each other? HUH?? Whats the matter Niko! Does the truth burn another hole in your sorry ass? LOL!! Aint that just too damn bad! LMAO!!!
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@http://projects.latimes.com/mexico-drug-war/#/its-a-war
@http://latimesblogs.latimes.com/laplaza/2011/06/mexico-war-dead-update-figures-40000.html
@http://www.bbc.co.uk/news/world-latin-america-10681249
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Tell us, “it aint so”, niko baby. LMAO!
DuhhHHHh Nikobozo likes to play the racist. DuhhhHhhhh
Then, we have need of you to explain the actions of all these “white guys” who murdered more of their own than anyone else did.
Heres that list for you to review, shit for brains. This is whats called “black on black violence” niko. LOL!
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Mengistu Haile Mariam, Omar Al-bashir, Idi Amin Dada, Charles Taylor, Robert Mugabe, Issayas Afeworki, Siad Barre, Muammar Al-Gaddafi, Laurent Kabila, Hissene Habre, Jean-Bedel Bokassa, Sekou Toure, Abdul Karim Qassem, Abdul Salam Arif, Ahmed Hassan al-Bakr, Hafez al-Assad, Ruhollah Khomeini, Saddam Hussein, Ayatollah Ali Khamene, Bashar al-Assad , Ayub Khan, Yahya Khan, Maumoon Abdul Gayoom, Muhammad Zia-ul-Haq, Hossain Mohammad Ershad, Tokugawa Ieyasu, Yuan Shikai, Chiang Kai-Shek, Horloogiyn Choybalsan, Kim Il-sung, Ho Chi Minh, Sukarno, Mao Zedong, Ngô Ðình Diệm, Park Chung Hee, Ne Win, Thanom Kittikachorn, Suharto, Lon Nol, Pol Pot, Chun Doo Hwan, Mahathir bin Mohamad, Khamtai Siphandon, Than Shwe, Kim Jong-il, Sonthi Boonyaratglin, Gamal Abdel Nasser, Ahmed Sékou Touré, David Dacko, Modibo Keita, François Tombalbay, Félix Houphouët-Boigny, Milton Obote, Hastings Kamuzu Banda, Kenneth Kaunda, Houari Boumediene, Modibo Keita, Gnassingbé Eyadéma, Omar Bongo, Moussa Traoré, Francisco Macías Nguema, Gaafar Nimeiry, Just to name a few.
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By the way, thios list doesnt even touch all the black on black violence here in the USA. Uh…”brother man”. LOL!!!
Hey “niko freako”, where you at boy? I cant hear you!!!! LOL!!!
Your stupidity is exceeded only by your megalomania. You just needed to vent your racism….right?! LMAO!!!!! OK!
Take that dick out of your mouth and say something, “boy”. Dont like it much….do ya?!! Tough shit!
Huh? Where you hiding at niko? Are you “playing games”, niko baby? LMAO
C’mon boy! “Is you is, or is you aint, a real good “boy”? Yeah..You is! LOL!!! Fuck you.
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You wrote; “just be glad its your own ppl taking your shit instead of us bitches”.
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Why? Were you going to hit us with your pinata or something?! HA ha ha!! Oh…Niko! Damn! if you dont just scare the shit out of every white guy there is! OhHHH you’re just so bad! You bad boy! Hey, how about sucking my “white dick”? Slurpy slurpy! He He he!
Anytime you want to come and try “taking” something from me personally, just you try. I have something to “give” you. Bring your buddies if you wish. The more, the merrier. When you do show up, be sure to bring something to wipe my jizz from your chin. Why? Because, before it over, you are going to suck my dick, bitch…thats why. Come “get me”!! Here I am! C’mon! Nothing between_us but air! Lets Go! LMAO!!!!
“Niko is “sucko” on my cocko”! “Niko”, have some jizzo from my bone-o”!! He he he Haw Haw Haw ho ho ho! Eat shit and die, motherfucker. I hope you do try. Get some!
Bravo2…….out
Vous devez apprendre de vos adversaires. En eux vous trouverez toujours, les Maîtres les plus appropriés.
”We must learn from our enemies. In them always lie the appropriate teachers ”
When the students are ready, the teacher appears! never the other way around.
Vic Reply:
November 17th, 2011 at 3:51 pm
Are the people learning what mainstream media is trying to hide?
Ron Paul is electable but people must not know it right?
The lesson lies in our faces. It is only up to us as individuals to see it and to understand it.
”The enemies, the opposition,the adverses are all those who love you in an uninterrested way!
Never lift a hand on them because if they disappear,you cannot see your reflexion in the mirror that reveils your mistakes. Your enemy has been given to you so you could expulse from your inner you, all the negative and evil energies they express.”
Celente of all people should know better then to trust a company run by a former Goldman and Sachs exec. I don’t feel sorry for him or anyone that would trust Corzine with their money.
DON”T BUY GOLD FUTURES. ONLY TAKE PHYSICAL DELIVERY OF GOLD OR SILVER.
Alex Jones Midas Resources has good prices and there are a couple other good ones too, just don’t use Goldline, they are a rip off.
800 trillion in risk? 100 billion on standby? With this amount of money floating around see how easy it is to “skim a billion or two from the top?”
As Joe Pesci said in the movie Casino, “this fat fuck over here is in the counting room for one reason, to skim the joint dry without anyone upstairs getting wise, the IRS or nobody. You’re in, and your out, pass the jackoff guard who gets an extra C note for watching the door. And who’s gonna notice? Just another fat fuck walking out the casino with a suitcase.”