In fact, as I think this through, the short-selling argument Mr. S tries to dispel with mechanical pedantry, in fact, would support the view that the AP/bullion bank is using short-sold shares to further implement the fractional bullion scheme, naked or not naked. If you think about it, the original buyer of GLD shares "thinks" he owns his shares. The short-seller then transfers those shares to a new buyer. So now you two end-buyers who think that they own GLD shares. If there only two shareholders, one with 100,000 shares that was going to be converted to bullion and delivered, and a 2nd owner who bought the borrowed shares with the same intent, if they both converted at the same time, then legally, of course, the original buyer would not be entitled to the shares. His shares have been legally hypothecated. BUT, if this situation were allowed to stand without making both end-buyers of the GLD shares whole on their bullion, it would likely trigger a collapse of the brokerage business because no one in their right mind would ever buy stocks that could be hypothecated and re-sold.

I wonder when Chinese New Year arrives and these GMS people still see no sign of their money, will they be as supportive and defensive of the directors ?

Well, Dee Casey seems to be putting a lot of emphasis on the 90-day limit. Supposedly, there's a law which states the police have to charge you within 90 days after they have seized your assets or it has to be returned. Maybe that might be true but I am not sure if it applies to BNM as this is not exactly a clear-cut criminal case.

Quite a lot of noise being made about either charging Genneva or unfreezing them. I figure a lot of support will pull out of GMS the moment court charges are laid, leaving only the most hardcore supporters behind who will keep crying about conspiracies and stuff.

These CONsultants are very worried they get sued because they orally promised buy back guarantee even though the paperwork did not say so. So they have 2 things to worry about - loss of income and getting sued.

In Christianity, our God has warned us that money is the root of all kinds of evil. I pray that they will start reflecting on what the Bible states about money instead of getting deeper and deeper into this scam.

That's one of the reasons I eventually stopped going to church

Simply put - is the result of the self affirmation effect in crowds. Compare what happens in a nightclub versus what happens in mass rallies and then what happens in a religious setting. Spending a little time afterwards with readups on crowd behavior opened my eyes for answers that have been staring at me in the face for years.

Strange things happen when large groups of people converge and be merry is the best summary I could provide. Where does God come into the equation? No idea for now - but one thing I am for sure, what I'm looking at thus far is no work of the divine.

https://minus.com/lLlp89JcqNdDp
Church pastor having fun with gen-suckers money

They have also accused banks of being unsustainable for the same bullshit reasons.

they can, just that their operations will be smaller, interest rates higher, and that only the safest borrowers will be given money.