Your Brokerage Acct Can Now Be Raided

Have an account with a stock broker (brick-and-mortar or online)? Jim Willie, editor of The Hat Trick Letter (an investment newsletter) has discovered a nasty RAID clause buried in the government’s bailout funding package for AIG.

The conglomerate financial firms are permitted at this point to use private individual brokerage account funds to relieve their own liquidity pressures. This represents unauthorized loans of your stock account assets.

So next, if the conglomerate fails, your stock account is part of the bankruptcy process. Finally the corrupt USGovt and corrupt Wall Street houses are desperate enough to put into policy, stated by the US Federal Reserve, outlining the authorized raid of your money.

Beware.

A good route would be to remove your money […and…] purchase physical gold or preferably silver. That cannot be taken from you, and will rise 5x for gold and 10x for silver in the next two to three years. The actual evidence for legalized stock account raids by the financial firms can be found in recent articles in Financial Times and Wall Street Journal. So this is not a wild claim. The September 14th article on the Wall Street Journal entitled “Wall Street Crisis Hits Stocks” was the first exposure.

The runs on US banks are in progress. See Washington Mutual, where private email messages have been shared by WaMu bank officers. WaMu alone could deplete the entire Federal Deposit Insurance Corp fund for bank deposit coverage. Eventually the FDIC will compete for USGovt federal money for bailouts and nationalizations. Eventually, bank deposits will not receive 100 cents per dollar, in a compromise. Next the bank runs will push banks into failure, at a time when stock accounts are under raids, without broad public knowledge.

Regarding the gov’t bailout of the world’s largest insurer, AIG, Jim had this observation:

As simple citizens, people should be concerned that the US Federal Reserve and US Dept of Treasury have begun to take actions far outside their own legal powers. The bailout of AIG was made illegally. The USFed cannot act to aid non-bank entities.
Senator Jim Bunning has drafted Congressional legislation to limit the USFed action outside the banking realm. The system is losing control, especially with the law.

The crooks in Washington are scrambling to buy themselves enough time to get their money out before the meltdown. You get left holding the bag.

◊◊◊◊ Now: Gold @ $873.40, Silver @ $12.63, USDX @ 77.74◊◊◊◊
◊◊◊◊ Now: DJIA 11,388.44

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