With growing concerns about the safety of the US financial system, today King World News interviewed internationally followed Martin Armstrong, Founder and Former Head of Princeton Economics International, Ltd.. At one point Armstrong’s firm rose to be perhaps the largest multinational corporate advisor in the world.
Armstrong had this to say about about corruption in the system, “Given the corruption in the legal system, the regulators...The SEC, the CFTC, they’ve never prevented a single thing, nothing. Madoff, MF Global, you name it they haven’t done it. So I don’t know what we are paying these people for. Corzine, I know from (an) inside source at the SEC, there were going to be rules to prevent them from doing exactly what they are doing.”
Martin Armstrong continues:
“Corzine went down (to the SEC), met with Mary Schapiro, she personally revoked it. That’s information I have from inside the SEC. So the whole thing is a joke. When I speak to people on the (Capitol) Hill, they even say the SEC is bought and paid for. If they (Congress) ask them (the SEC) for documentation, they resist. Just like the Fed resisted opening the books to Ron Paul. Source/full story