I am EXTRAORDINARILY busy today, between my morning and afternoon RANTS, our Webinar, numerous conference calls, and even my HOA Board meeting tonight (I’m the President). Thus, I have little time to write my RANT topic this afternoon.
Thankfully, the topic requires little introduction – or commentary – stating the EXACT viewpoint I have given for the past year. In a nutshell, it features Ann Barnhardt – fellow Coloradan and passionate writer – well-known for her “RANTS” against the financial system, in the wake of last year’s MF Global bankruptcy and client fund theft. Ann was a commodities broker for many years, and consequently understands the futures markets as well as anyone on the planet. As I did when I left the corruption of Wall Street in 2005, she returned her clients’ funds and left the commodities business for good following the MF Global fiasco; in the process, becoming a crusader AGAINST the evils she saw, as I do each day.
The title of today’s piece regards the rhetorical question she posed in the below 20-minute interview with “the Doc,” of www.silverdoctors.com – one of the finest PM-related websites. Based on her in-depth description of the risks involved, Ann states that anyone keeping their money in PAPER markets such as stocks, bonds, and commodity futures – particularly with “TBTF” banks and heavily leveraged brokers – must either be “stupid” or “on drugs”…
Ann Barnhardt – If you’re still in these Markets, you’re either STUPID or ON DRUGS
It is not 100% certain that ALL financial institutions will be swept up in the inevitable wave of bankruptcies caused by crashing economies and currencies. However, many will, and those most heavily levered will go first. As for the securities themselves, long-time readers know I am 100% out of the PAPER markets – likely FOREVER – and heavily recommend liquidating ANY and ALL securities in lieu of ITEMS OF INTRINSIC VALUE, such as PHYSICAL gold and silver.
In a world fraught with risk – increasing EXPONENTIALLY each day – one should be thinking as defensively as possible. In other words, the goal should NOT be to increase the value of your wealth, but PROTECT it from collapse. It’s all about “relative wealth,” and when everything else is crashing, you’ll feel like you’re at an “oasis in the desert” holding REAL ITEMS OF VALUE – especially inflation hedges in a hyperinflationary world.
PROTECT YOURSELF, and do it NOW!
Call Miles Franklin at 800-822-8080, and talk to one of our brokers. Through industry-leading customer service and competitive pricing, we aim to EARN your business.
Andy, you guys are fantastic.
I think I kind of understand how TBTF banks screw the common man in a systematic way. 4 easy steps to obtain real assets via fraud. Simply follow these steps…
Create currency out of thin air (paper fiat money)
Draw the suckers in by peppering the environment with lies like…
Property value always goes up
Home ownership is you best investment
The American dream is home ownership
Make loans to people who are likely to default…
people who have poor credit scores
people who may have good credit scores but live paycheck to paycheck
Foreclose on them
Banks get free property and real assets for worthless Federal Reserve Notes. Fractional Reserve Lending is simply another name for fraud.
Bonus: The Fallout – IRS, State and Municipal governments gets to repossess assets of those behind in their bills and can’t pay their taxes.
Andy, you guys are fantastic at MF.
From a view here on the ground, things appear kind of like this…
4 easy steps to obtain real assets via fraud
Simply follow these steps…
1. Create currency out of thin air (paper fiat money)
2. Draw the suckers in by peppering the environment with lies like…
– Property value always goes up
– Home ownership is you best investment
– The American dream is home ownership
3. Make loans to people who are likely to default…
– people who have poor credit scores
– people who may have good credit scores but live paycheck to paycheck
4. Foreclose on them
Banks get free property and real assets for worthless Federal Reserve Notes. Fractional Reserve Lending is simply another name for fraud.
Bonus: The Fallout – IRS, State and Municipal governments gets to repossess assets of those behind in their bills and can’t pay their taxes.
Fantastic system we have. I think I will pop over to the Russian Embassy and ask them to add silver to their Gold purchases.
William,
Perfect, you are now ready for your own blog!
Andy