Put the following phrase in your Internet browser: “Ann Barnhardt: The Economy Is Going To Implode Pt.8 of 8”
She had a firm with many clients and closed it down due to all the corruption in the financial markets. And , yes, her firm was highly successful. She’s makes the rest of us look like a bunch of weenies.
Ann B. makes a great case for investors to consider:
In her analysis of the MF Global debacle, she makes very real the case that assets held in brokers and futures accounts are not safe in a meltdown or bankruptcy. She clarifies that even segregated assets can be re-hypothicated and while being used as collateral for house trading can be confiscated.
I look at MF Global as the dry run (test) for how customer assets will be stolen in the next bank collapse.
Your post makes perfect sense. It is also very interesting how some take it upon themselves to down rate such a post. It often needs to be asked, who are these people that do so? Are they clueless? Or are they part of the cabal that is set on bringing about an economic collapse that they will profit from? These are only rhetorical questions, but bring on the suspicion that the job of righting a capsized ship of state is indeed a VERY difficult job that NO current politician appears to be capable of.
Who in their right mind, since Jon Corzine is still not peering out from a prison cell, thinks that it is A-OK to have segregated funds stolen? Corzine, by the way, has a record of being untrustworthy in his personal life as well. How does that differ from a bank robber presenting a note to a bank teller demanding money, except for the possible gun used in the commission of the crime? Just where does “the buck stop” currently? Is it the pin striped business suit worn by a bankster that gets him/her off the hook for committing the crime of fraud? Of course, we also have to remember that Corzine is BHO’s right hand man.