The following excerpt outlining the “imminent failure and ruin” of Morgan Stanley would be the catalyst of the collapse of the US banking system as well as the means to steal assets from private citizens. The theft of private assets by the government (GM bonds), MF Global, PFG Best and Sentinel Group were the prelude (and test) to what is about to happen. Although this is one source of information, it appears that the collapse of Morgan Stanley is one of the worst kept secrets on Wall Street as verified by any Internet search engine.
Based on the above test cases, the government will not protect your private assets when this occurs. As stated previously in multiple articles, get your money out of the banks and the stock market.
David DeGerolamo
h/t Tom R.
The insider conversation, often called chatter when it become deafening in tone, is that Morgan Stanley faces imminent failure and ruin. Almost two weeks ago, the Jackass provided a tip to Bill Murphy of GATA to post on his popular LeMetropole Cafe that Morgan Stanley fund managers and high ranking employees were preparing for the firm’s implosion. A subscriber to the Hat Trick Letter has a good friend whose father works as a fund manager and provided the story. It was not detailed, and bore no follow-up after my request. The older employees are selling all of their stock, some legacy stock from one or two decades ago. Many workers are making contingency plans for their next positions in another firm. When Lehman Brothers was killed, thousands of employees had to find new jobs, some without success. In the last week, the shock waves are being heard from internal Wall Street sources in an unequivocal manner. The implosion is in progress, like the collapse of several platforms and structural cables. The inside is caving in, and the ranking members recognize it, even talk about it openly. Much discussion swirls about a transition to antiquated software that is greatly disturbing the trading desks, causing tremendous problems at precisely the wrong time. A redux of the Knight disaster could be in progress.
Some like Rick Wiles of TruNews report that MS is heading for the sacrificial altar. Such an event would imply an expected benefit hoped for and beseeched. My view is in parallel but more of a harmful implosion that cannot be prevented, one that the Wall Street titans will face grand challenges to control, one they will not be able to exploit in the hidden corners where they operate. MS is going to the slaughterhouse, not the altar. Its implosion will result from lost control, and the reversion to antiquated systems will only hasten their demise. Wall Street will wish to exploit the failure, like stealing funds, like destroying documents, like concealing derivative positions, like receiving government slush funds for slimy patch projects, their usual Modus Operandi. In criminal parlance, they will create a black hole into which things vanish. They will attempt to add to the confusion, which might itself backfire and deliver more lethal challenges to the entire USDollar & USTreasury complex. This time, the spotlights will shine more brightly to reveal the activity in the shadows and crevices.
The part that many analysts might miss is that Morgan Stanley has perhaps over 300 thousand private stock brokerage accounts, with over 17,500 brokers. In the past two decades, MS merged with Dean Witter and Smith Barney to become the premier stock house with the most private accounts of any US-based stock brokerage firm. The Morgan Stanley failure might feature the first theft of private stock accounts. The critical jump might occur in account thefts from futures brokerage to stock brokerage, which began in November 2011 with MFGlobal, then appeared in July with Peregrine Financial Group (PFG-Best). All private accounts from MFG and PFG have been pilfered, with a blessing of the theft by the courts, seen in the Sentinel Mgmt Group ruling. The federal Appellate court’s August ruling (CLICK HERE) sets precedent for future private segregated account thefts, which were once considered sacred and untouchable. No more in the United States, not in the unfolding of criminality that stretches from USGovt offices to top corporate offices, with blessings sprinkled by the courts. The jump would be a major extension of the Fascist Business Model that nobody talks about. The major financial firms can rely upon this appellate court ruling as precedent, so as to protect their legal right to re-hypothecate client funds in their high risk leveraged positions and loans. It sure would be nice to use my neighbor’s house and car to firm up my casino weekends. Stay tuned to the ongoing Morgan Stanley implosion, which could force the vanishing act of 50 to 100 thousand private stock accounts. The firm is the largest stock brokerage firm in the land. The dreadful impact will be nasty and might awaken the US masses. MFGlobal and PFG-Best surely did not.
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My European banker source indicates that as Morgan Stanley suffers the spectacle of failure, so will both Deutsche Bank in Germany and Credit Agricole in France collapse.The three failures will bring about other failures, like in London, as the entire Western banking system will be brought to its knees. In short, this event could serve as a jump in thefts from segregated futures brokerage to stock brokerage accounts, causing more collapses and certain bank runs. Witness the full glory of the Fascist Business Model. Much discussion has come from corners like Steve Quayle, concerning the potential merger of all surviving Wall Street banks into JPMorgan and Goldman Sachs. That would mean Citigroup and Bank of America would fold under the new twin towers of financial tyranny, as the Jackass prefers to call them. So after eleven years since the well planned and highly coordinated collapse of the Twin Towers to conceal the grandest bank heist in US history, the emergence of the new Twin Towers with deep intricate financial root cellars is being hatched. It will fail.
