by SGT:
I just finished listening to the most gripping, honest and frightening interview that I’ve heard in years. With credit to James Puplava at FinancialSense.com, I’ll share some of it with you here.
It was with this shockingly candid letter to her clients and colleagues “The Entire System Has Been Utterly Destroyed By The MF Global Collapse” that Ann Barnhardt closed down her commodity brokerage firm Barnhardt Capital Management two weeks ago. Citing what she calls the “unprecedented, unfathomable and completely and totally intolerable actions of the CFTC, SEC and the CME following the MF Global collapse”, Barnhardt now lays it all out for those with the ears to hear.
If Pastor Lindsey William’s many warnings about the dangers of holding paper assets hasn’t convinced you of the risks, this probably will. Barnhardt pulls no punches referring to Jon Corzine as “one of these criminal Oligarchs”. In this lucid, articulate and dramatic rant, Ann Barnhardt carefully outlines the now absolutley dire state of affairs in the United States:
“You have to understand, people like Jon Corzine, these are evil, evil people. You have to stop thinking that these people are just misguided, or there’s some sort of difference of opinion on economic theory. These people are nefariously trying to destroy everything in this country. It’s called the Cloward-Piven strategy. Go in and destory and collapse the entire economy, everything. And then re-build a new Marxist Socialist Fascist State out of the burning rubble of this destruction. This is not a function of incompetence. It’s a function of malice of forethought and conscientious theft and destruction.”
At 25 minutes into this exceptional interview, acting as an honorable Watchman at the Tower warning her fellow Americans, Barnhardt warns:
“Get the hell out. Get out of all paper… This is going to cascade through everything. It’s going to get into the equities, it’s going to get into 401K’s and IRA’s, it’s going to get into pension plans. Total systematic collapse. Get out. I don’t know how I can be any more plain about this.”
http://www.financialsense.com/financial-sense-newshour/guest-expert/2011/12/01/ann-barnhardt/entire-futures-options-market-destroyed-by-mf-global-collapse
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Normalcy bias
From Wikipedia, the free encyclopedia
The normalcy bias, or normality bias, refers to a mental
state people enter when facing a disaster. It causes people to
underestimate both the possibility of a disaster occurring and
its possible effects. This often results in situations where
people fail to adequately prepare for a disaster, and on a
larger scale, the failure of the government to include the
populace in its disaster preparations. The assumption that is
made in the case of the normalcy bias is that since a disaster
never has occurred then it never will occur. It also results in
the inability of people to cope with a disaster once it occurs.
People with a normalcy bias have difficulties reacting to
something they have not experienced before. People also tend
to interpret warnings in the most optimistic way possible,
seizing on any ambiguities to infer a less serious situation.
. . . .
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