Actual Real Money

I make it a point to keep abreast with ones who tell the truth and are financially educated.  Max Keiser fits both categories but this is an understatement.  He is a true financial truth teller and one with great knowledge on financial markets.  Since he spent a great time earlier in his career as an agent of the financial terrorists I would say he is more than qualified to talk about their practices.

Recently he did a video on his show Keiser Report (a must see if you want the truth) in regards to the MF Global Scandal CME Group and the over all common practice of faulty accounting practices.  He even through some bones to the Occupiers in which he and I agree to have some grounds of anger in frustration even though we don’t agree with their talks for more entitlement and more Government.

To not get to far off topic Max pointed out that the shell game of debt is common practice for most companies.  Many companies don’t report actual or lets say true financials they engage in what Max calls Peekaboo accounting.  You can get a glimpse of our accounts and then Peekaboo you can’t see our debt or real financial actual’s.  Essentially ACCOUNTING FRAUD!

The CME GROUP does not do their job in regulation and cannot be counted on especially with MF Global’s recent billion dollar fraud.  How can you leverage 40-1 and not suspect to get caught financially.  This is what MF Global essentially did.

The most disturbing truth that Max alluded to is you and I buy securities based on company financials. If they are fraudulent then we have more to worry about as the truth will always come to surface.  Risk can only be concealed for so long.