April 3 PPEC: Monthly Meeting (with Ann Barnhardt)
Apr 03, 2012
from 06:30 PM to 08:30 PM
|Where||The Vanguard School Library, 1605 D South Corona Ave., Colorado Springs, CO 80905|
|Contact Name||Ann Barnhardt|
|Contact Phone||(888) 799-4577|
|Add event to calendar||
We hold our meetings on the 1st Tuesday of each month at the Vanguard School Library (1605D South Corona Ave., Colorado Springs, CO 80905). .
|6:30-7:00pm||Meet & Greet
|8:00-8:30pm||Questions & Answers
Most of our events are hosted in Colorado Springs but we try to make them accessible to the world at large too. To aid in that goal we have created a web page that enables our Internet users to view the event over a live video stream and to join in the discussion via an Internet chat room. If you are not close to Colorado Springs and would still like to participate then please visit us at our.
The April 3, 2012, monthly meeting will be preceded by brief presentations by invited candidates for elective office.
"Going Galt: Hedge Broker Shuts Down firm With Chilling Letter About the Market"
Ann Barnhardt describes herself as a an “an old-school commercial hedge broker specializing in CATTLE and GRAIN.” And she just shut down her business by delivering a passionate and chilling open letter posted on her website.
“I could no longer tell my clients that their monies and positions were safe in the futures and options markets – because they are not,” she writes. And then she unloads:
Everything changed just a few short weeks ago. A firm, led by a crony of the Obama regime, stole all of the non-margined cash held by customers of his firm. Let’s not sugar-coat this or make this crime seem “complex” and “abstract” by drowning ourselves in six-dollar words and uber-technical jargon. Jon Corzine STOLE the customer cash at MF Global. Knowing Jon Corzine, and knowing the abject lawlessness and contempt for humanity of the Marxist Obama regime and its cronies, this is not really a surprise. What was a surprise was the reaction of the exchanges and regulators. Their reaction has been to take a bad situation and make it orders of magnitude worse. Specifically, they froze customers out of their accounts WHILE THE MARKETS CONTINUED TO TRADE, refusing to even allow them to liquidate. This is unfathomable. The risk exposure precedent that has been set is completely intolerable and has destroyed the entire industry paradigm. No informed person can continue to engage these markets, and no moral person can continue to broker or facilitate customer engagement in what is now a massive game of Russian Roulette. [Emphasis added]
Ann's writings can also be found at The American Thinker.