The Phaserl


RED ALERT: It’s Open Season on All Customer Funds

This ruling and precedent will be used by every brokerage, every bank, every insurance company and every pension fund to deny you your money when the financial system finally collapses, be it on Monday, or be it two years from now. DO YOU UNDERSTAND? You have GOT to GET OUT.

by Ann Barnhardt,

The National Futures Association is collusion with the Banksters, government and judiciary and have achieved their goal. The entire concept of “customer segregated funds” is officially, completely, legally dead.

Guys, it is OVER. I know that many of you are still cowering in normalcy bias, unable to deal with reality, unable to face the world as it is, but you have GOT to snap out of it. The marketplace is DESTROYED. You CANNOT be in these markets. All legal protections are now officially gone.

Do you remember how I told you about the Ponzi scheme that imploded in 2007 called “Sentinel Management Group” that stole over $500 million in customer funds? The NFA was the auditing regulator of Sentinel, and the NFA admitted after the Sentinel Ponzi imploded that they signed off on their audits even though the NFA claimed not fully understanding Sentinel’s books or accounting methods. In other words, the NFA didn’t really audit Sentinel at all – they just PRETENDED to audit them, drew up some forms, had some robosigners sign off, and then just hoped that when the shit hit the fan, everyone in the industry would be so terrified of the NFA that no one would hold the NFA accountable for their criminal malfeasance – or even talk about it.

Sentinel took customer segregated money and fraudulently used it as the collateral on a loan from Bank of New York Mellon for $312 million to fund their own in-house proprietary trading operations. When the Sentinel Ponzi collapsed, BNYM sued to go to the front of the line of creditors – ahead of the customers of Sentinel whose money was fraudulently used as collateral, which has now been “linguistically sanitized” into the word “hypothecated”.

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36 comments to RED ALERT: It’s Open Season on All Customer Funds

  • Scott

    Lol SP is so amazing for its social criticisms and making fun of everything (unbiased/undiscriminating).

  • Troy

    I have no $ in the system except $1200 in a checking account. I have all my assets in ZERO debt, silver, guns, cash, food, cars, and misc stuff.

  • Tim

    So what does Ann suggest that people do with their money once they’ve taken it out of financial institutions? I know there’s only one place to put ones money. But I want to know what she thinks.

    • Tim

      From an 8/4/12 blog post:

      “I am dead serious when I say that the safest place for your wealth right now is in gold and silver coins buried in a mayonnaise jar in your back yard.”

      I wasn’t sure what her views were on physical gold and silver.

  • Tom G.

    Already doing that Ann. It’s embarrassing (like today) when I go to put the money in the bank and my balance goes from like $2 to whatever I need to pay my next bills. But I’m OK with it because I explain to the teller why I don’t keep any money in my account because everything is going to implode in 2 or 3 years. One teller is starting to believe me now. (I also got an old-timer and his wife interested in the silver market today also.) That’s all you can do is spread the word. I’ve had 3 people or so take action out of about maybe 800-1000 people I’ve told over the last 4 years or so. Normalcy bias is strong out there. Ignore Crazy-Annie at your own peril.

  • Frank Zak

    Ann Barnhardt is exactly on the money.
    Get the hell out of the system.

  • David Liberty

    The threads of confidence are fraying before our eyes now.

  • Ed_B

    “The federal appeals court ruled yesterday that not only does BNYM stay at the front of the line, but that using customer segregated funds as collateral is NOT a crime, and that co-mingling customer segregated funds with proprietary funds is NOT fraud.”

    I must partly agree with the appeals court. This is not fraud. This is legally sanctioned theft, pure and simple. Also agree that this is THE smoking gun in this issue. If anyone had any doubts about staying with the current paper Ponzi scheme, this should end it.

  • Glitter1

    When confidence breaks, there will be a mad rush into Gold & Silver, but by then it will be too late. There won’t be enough physical, the prices will explode.TPTB will attempt to maintain the illusion as long as posible.

  • john

    Ann,it is a waste of time trying to wake people who are brain dead,they deserve what they get.My own family won’t listen to me,they think I’m brainwashed and nothing will happen in our life time.I’m 100% invested in precious metals and if I didn’t need a bank to pay bills,I would never go near one.

  • Greg

    Its amazing the amount of ignorance about the corruption. Even so called financial advisors. Here in the uk for 8 months I’ve been trying to move my pension fund from a civil service pension to a Self Invested Pension Fund where I can put it where I want and have an option of buying gold bullion with it.

    As Id be giving up my employers contribution and other benefits any financial advisors I’ve spoken to think its too risky and will not set this up for me.

    I’d be of the mind its much riskier leaving it where its at, in a government pension pot which is all too tempting to raid during a crisis for “the greater good”

    They all say its an inflation proof pension, yeah government manipulated inflation proofed. Not much use when real inflation means its £100,000 for a loaf of bread!!

    Thankfully have found one financial advisor who thinks you should be able to put your money where you want and not be treated like a child by the state. He’s gonna help set my SIPP even though there are plenty of hoops to jump through. After a good chat with me he’ll be buying some silver soon too!!

    Sean this site is a fantastic source of info to direct people too, really appreciate the work you and other truth tellers are doing to help people

  • Troy

    Imagine having a few hundred thousand dollars in the bank, and finding out it is gone. The amount of time and thousands of hours of work to accumulate that kind of money and find out its gone! Do you think there will be some VERY VERY angry people? I get cash for all my paychecks and I buy “things” with it. I usually buy around $300 worth of silver every payday. I’m done buying guns…have too many already. Ammo stock is ok. I also buy food, but I have so damn much food, I have eased off. I guess I’ll just buy more silver….I don’t know of anything else to buy.

    • David Liberty

      … “Imagine having a few hundred thousand dollars in the bank, and finding out it is gone.”

      Hi Troy … this is why there is “too big to fail”. Most of the peoples wealth and savings should have already vaporized. They system knows there would be a revolution. This whole financial con=game should have collapsed years ago.

      So the bail outs keep us from entering civil breakdown. But we, and future generations, are paying as slaves now. We are going to get to this revolution one way or another. History shows the likely pathway going forward. Stay safe bro.

    • Zeroexperience

      “I don’t know of anything else to buy”


      if you ever have to move, it’s way easier to transport a few ounces than pounds of silver…

  • curt

    ok i get it, the banks are corrupt and broke. ive removed all funds from my td bank accounts, from rrsps, stock market etc.

    transferred pension to credential direct into silver bullion fund, eric sprott allocated silver funds, cash in safe, precious metals in safety deposit box in local credit union and some cash in that local credit union.

    1. is my cash in conexus credit union checking account susceptible to disappear electronically?
    2. is my safety deposit box susceptible to confiscation?

    • SGT

      I personally think you are a bit safer in Canada where the national debt levels are far lower and the fiscal outlook for the country far stronger than in the US. However, to answer your questions, in the event of a worldwide economic collapse: yes and yes. The international banking system is completely corrupt. Yes, even in Canada.

      re: Bank of Nova Scotia

      Scotiabank Puts Woman Through Hell To Get Her Physical SILVER

      PAPER PONZI: Bank of Nova Scotia’s EMPTY VAULT & the 9/11 Connection – MUST Watch.

    • Terry

      1. is my cash in conexus credit union checking account susceptible to disappear electronically?
      2. is my safety deposit box susceptible to confiscation?

      YES and YES.
      If you do not have physical PM’s in your immediate possession, as with cash, the CU’s are still insured by the same FDIC insolvency fund.
      And do you think the CU’s SD Boxes will be safe?.
      Dream on………………invest in a expensive safe,and alarm systems, and be your own master.

  • curt

    forgot to mention im in canada

  • curt

    should probly mention we in alberta and saskatchewan were barely touched by last banking/housing crisis in 2008 at all. ontario canada and vancouver BC both suffered lost jobs and less housing starts and houseprices tanked but we walked away unscathed.
    probly wont be that lucky next time , right?

  • Wendy

    Ann Barnhardt for President!

  • Jeff H.f

    Ann is spot on. I have been accumulating some Silver for the first time just recently but I think I need to step it up, and include some Gold as well. I’ve found Scottsdale Silver to have good pricing and top service and resale value. Seriously people, the system isn’t falling apart, it already has but the window dressing is fading. TIME TO MOVE QUICK!

  • Good things

    There are times when PM’s do not work very well if at all.
    To listen to such a real life experience discussion, Google “selco”.

  • RajM

    What to do with 401K, less than 59 years old and employer no longer contributes?

    • SGT

      Raj, It’s up to each individual, I drained much of mine $10-20K at a time over multiple years, and the taxes were brutal. We can’t give investment advice, but the fact that you’re thinking about your options is good news. Good luck.

    • Keith


      401(k) can be rolled into a self-directed IRA trust fund that can invest in just about anything. It is particularly good for real-estate. Google real-estate IRA and you can find folks who provide the service of setting up the trust for a reasonable fee. We’re closing on our first deal in a few weeks to purchase rental properties. One will be rented right away and provide cash to re-build the next so the rent money won’t just be put back into the bank. It is tough to invest in PMs using IRA or 401(k) funds, because the physical metals must be held by a registered depository. I looked into it and decided that was too risky for me.

  • Johnny See

    Hello Ann,
    Thank you for your integrity, ethics, and honesty. I remember well what you told your clients after MF Global went bye bye. I am grateful that there are people like you still around. I have the utmost respect for those that conduct business in this manner, as I have built my own business based on these tenets. I do not know nor do I wish to pry into your personal affairs, but if you should ever find yourself lonely and bored, I would gladly provide the wine and fine dine as a prelude to what I am most sure would be a fascinating evening of conversation. Please accept my best wishes to you and yours in the meantime.

  • R Stack

    I have an uncle who decided that his money was not safe in the bank. He emptied out all his bank accounts (his life savings). He took the money home.
    Now he happened to do volunteer work at a homeless shelter. He told everyone what he had done and why. Some of the homeless guys paid him a visit that night, tided him up and stole everything! A word to the wise.

  • aliencaffeine

    Interesting threads. But how can the system be totally broken? I pull money out whenever I need it and buy stuff/pay bills whenever I wish? So as Bill C says/ Wazzup?

  • enid

    Doesn’t the FDIC offer some protection if a brokerage firm fails?

  • betty

    What a challenge this is. What next?

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