From the pages of Barnhardt.biz
Warren Pollock & Ann in Conversation
Posted by Ann Barnhardt – January 5, AD 2012 2:47 PM MS
This is a little more technical and “wonkish”, but I think both Warren & I did a good job of explaining things and keeping it accessible for the Average Joe. I would also encourage those who have the ability to mirror this YouTube to go ahead and do so, as we get into some pretty hard-core territory that “the powers that be” definitely don’t want people to be aware of much less understand.
Ann Barnhardt and I (Warren Pollock) have an open conversation organized to provide background to this crisis, the setting of legal precedent, netting, settlement, and future trends including a potential bank holiday. We talk about MF Global as it applies to savings and commercial banking, brokerage, insurance, and commodities. We talk about numeric impossibility of solving the problem, incest between government and finance, having the victim of the crisis pay rather than the fraudster. We explain how the MF Global bankruptcy process will define how customer funds will be treated in a bank holiday. We talk about the idea of having an honest bank holiday to root out fraud vs an economic crisis which plays to looting and criminal activity of vested interest.