Thursday, March 11, 2010

Hillary's future cattle and carbon hedge-fund fraud

Synopsis: Compare apparent fraud in respect to Hillary's past cattle future contracts on Chicago's Mercantile Exchange in 1979, with future carbon trading contracts on Chicago Climate Exchange.
Memo to friends and members of Hawks CAFE
Most fraudsters like to stick to a game they understand.
Compare apparent frauds in respect to Hillary Clinton's past cattle future contracts through "Red Bone", an insider trader on Chicago's Mercantile Exchange in 1979, with her future carbon trading contracts through "Kyoto Mo", Saddam's $1,000,000 bribee, Maurice Strong, an insider trading on the Chicago Climate Exchange, in Clinton's run up to her 2008 presidential election campaign.

In 1979, Hillary Clinton traded in cattle futures contracts. Her initial $1,000 investment generated $100,000. Clinton bet "on the short side at a time when cattle prices doubled." Marshall Magazine .. found that "Two-thirds of her trades showed a profit by the end of the day she made them and 80 percent were ultimately profitable." Chicago Mercantile Exchange records indicated that $40,000 of her profits came from larger trades initiated by Clinton's lawyer and friend, James Blair, an experienced futures trader and outside counsel to Tyson Foods, Arkansas' largest employer. According to exchange records, Robert L. "Red" Bone, the commodities broker that facilitated the trades on behalf of Ray E. Friedman and Co. (Refco), reportedly because Blair was a good client, allowed Clinton to maintain her positions even though she did not have enough money in her account to cover her activity [i.e. a predatory loan or unlawful debt] . Clinton was allowed to order 10 cattle futures contracts, normally a $12,000 investment, in her first commodity trade in 1978 although she had only $1,000 in her account at the time. Refco was fined for violating Chicago Mercantile Exchange rules governing margin trading.

In the run up to the 2008 presidential election campaign, Hillary Clinton and her Shadow Party friends, including her financial advisor and convicted hedge-fund fraudster George Soros, will be able to exploit short positions in the Kyoto Protocol carbon cap-and-trade frauds. The Clinton campaign team will sell a CO2 emisssion credit at a price of say $50/ton for future delivery. On delivery day, Maurice Strong, an insider director of the Chicago Mercantile Exchange will provide Clinton and her friends with a carbon credit at $5.00/ton i.e. Clinton makes a 1,000% profit!
Fool me once, shame on you; fool me twice shame on me!

David Hawkins

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