Ann Barnhardt’s posts are making it all over the Internet — several of them have found their way into my email box from others who have “discovered” her! LOL…
To listen to her latest visit to The ANDREA SHEA KING SHOW, click here.
I was at Ann’s site just now and can tell you that gal has a fabulous sense of humor. Proof?
FIF! FIF! I PLEEEEEEAD . . . DA FIF!
Posted by Ann Barnhardt – December 7, AD 2011 8:41 PM MST
In anticipation of Jonnie Corzine’s appearance tomorrow before the House Ag Committee, I just HAVE to post this. It really is funny.
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But Ann can be as serious and sober as anyone I’ve ever known. Proof? Here’s her latest post:
US Banks and Brokerage Houses Tied to Europe
Posted by Ann Barnhardt – December 8, AD 2011 11:24 PM MST
I didn’t know the exact mechanics as laid out in the ZeroHedge piece linked below, but I had been told a month ago that the entire US banking and brokerage/clearing paradigm was massively and inextricably tied to Europe, and thus the fuse on the whole thing was already lit and burning down quickly, and it was and is just a matter of time until the fuse burns down to detonation. When Europe goes, we go too. This combined with being notified of the risk of clawback actions to clients are the two top reasons why I pulled the plug on BCM. I reiterate, if we make it past Christmas it will be a miracle.
And here is the URL to the Market-Ticker.org piece addressing the same thing:
http://market-ticker.org/akcs-www?post=198790
MF did its shady deals through London because the UK has basically no oversight or regulation on these exotic derivatives, and thus allows infinite layers of derivation and leverage. Lever the lever of the lever of the lever of the lever, etc. Don’t think this is exclusive to MF. It is NOT. I know this for a fact. IT IS NOT LIMITED TO MF.
Here’s the money quote:
virtually unlimited leverage via the shadow banking system, in which there are practically no hard assets backing the infinite layers of debt created above, and which when finally unwound, will create a cataclysmic collapse of all financial institutions, where every bank is daisy-chained to each other courtesy of multiple layers of “hypothecation, and re-hypothecation.”
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And one more from Ann, because… well, just because.
Peter Schweizer Interview on Cronyism and Buffett
Posted by Ann Barnhardt – December 5, AD 2011 5:24 PM MST
Here is a FABULOUS interview from FinancialSense.com with Peter Schweizer. For those of you who think that Warren Buffett is a salt-of-the-earth, kindly old man in Omaha, you really, really need to listen to this.
Take home points:
Why does Buffett favor tax increases? Because he shelters his income and only pays capital gains rates, if that. By shilling for higher income taxes, he comes out hundreds of millions, if not billions of dollars to the better in quid pro quo arrangements with politicians. He shills for higher taxes and then the politicians throw him massive government largesse. Evil.
Why does Buffet favor the death tax? Because he has made FORTUNES off of buying estate assets that the death tax FORCED and COERCED the family and heirs into liquidating against their wishes. EVIL.
