Thursday, November 17, 2011

Ann Barnhardt- Short and to the Point

I realize many out there are very busy. I also realize many out there like pictures and television more than words. I also know people know more about J Lo, the Situation and Kim Kardashian than they do about the Fed, mark to market, and Jon Corzine. That being said Ann Barnhardt's letter I posted in my last post is long. So I thought I would share the most salient quote from it, just in case you wanted to skip it cause I know the Jets and Broncos are on tonight. Ann states;

"And so, to the very unpleasant crux of the matter. The futures and options markets are no longer viable. It is my recommendation that ALL customers withdraw from all of the markets as soon as possible so that they have the best chance of protecting themselves and their equity. The system is no longer functioning with integrity and is suicidally risk-laden. The rule of law is non-existent, instead replaced with godless, criminal political cronyism."

Hang on a little more. Ann finishes with this:

Finally, I will not, under any circumstance, consider reforming and re-opening Barnhardt Capital Management, or any other iteration of a brokerage business, until Barack Obama has been removed from office AND the government of the United States has been sufficiently reformed and repopulated so as to engender my total and complete confidence in the government, its adherence to and enforcement of the rule of law, and in its competent and just regulatory oversight of any commodities markets that may reform. So long as the government remains criminal, it would serve no purpose whatsoever to attempt to rebuild the futures industry or my firm, because in a lawless environment, the same thievery and fraud would simply happen again, and the criminals would go unpunished, sheltered by the criminal oligarchy.

The only thing Ann omittted is that the Bush administration was just as criminal as this one.

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