Hedge Broker Shuts Down Firm With Chilling Letter About the Market

[Muzz]

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:


We’ve included the entire letter (originally presented in two parts) below (courtesy of Zero Hedge):

BCM Has Ceased Operations (source)
Posted by Ann Barnhardt – November 17, AD 2011 10:27 AM MST

http://www.theblaze.com/wp-content/uploads/2011/11/ann-barnhardt.jpg
Dear Clients, Industry Colleagues and Friends of Barnhardt Capital Management,

It is with regret and unflinching moral certainty that I announce that Barnhardt Capital Management has ceased operations. After six years of operating as an independent introducing brokerage, and eight years of employment as a broker before that, I found myself, this morning, for the first time since I was 20 years old, watching the futures and options markets open not as a participant, but as a mere spectator.

The reason for my decision to pull the plug was excruciatingly simple: I could no longer tell my clients that their monies and positions were safe in the futures and options markets – because they are not. And this goes not just for my clients, but for every futures and options account in the United States. The entire system has been utterly destroyed by the MF Global collapse. Given this sad reality, I could not in good conscience take one more step as a commodity broker, soliciting trades that I knew were unsafe or holding funds that I knew to be in jeopardy.

The futures markets are very highly-leveraged and thus require an exceptionally firm base upon which to function. That base was the sacrosanct segregation of customer funds from clearing firm capital, with additional emergency financial backing provided by the exchanges themselves. Up until a few weeks ago, that base existed, and had worked flawlessly. Firms came and went, with some imploding in spectacular fashion. Whenever a firm failure happened, the customer funds were intact and the exchanges would step in to backstop everything and keep customers 100% liquid – even as their clearing firm collapsed and was quickly replaced by another firm within the system.

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.

I have learned over the last week that MF Global is almost certainly the mere tip of the iceberg. There is massive industry-wide exposure to European sovereign junk debt. While other firms may not be as heavily leveraged as Corzine had MFG leveraged, and it is now thought that MFG’s leverage may have been in excess of 100:1, they are still suicidally leveraged and will likely stand massive, unmeetable collateral calls in the coming days and weeks as Europe inevitably collapses. I now suspect that the reason the Chicago Mercantile Exchange did not immediately step in to backstop the MFG implosion was because they knew and know that if they backstopped MFG, they would then be expected to backstop all of the other firms in the system when the failures began to cascade – and there simply isn’t that much money in the entire system. In short, the problem is a SYSTEMIC problem, not merely isolated to one firm.

Perhaps the most ominous dynamic that I have yet heard of in regards to this mess is that of the risk of potential CLAWBACK actions. For those who do not know, “clawback” is the process by which a bankruptcy trustee is legally permitted to re-seize assets that left a bankrupt entity in the time period immediately preceding the entity’s collapse. So, using the MF Global customers as an example, any funds that were withdrawn from MFG accounts in the run-up to the collapse, either because of suspicions the customer may have had about MFG from, say, watching the company’s bond yields rise sharply, or from purely organic day-to-day withdrawls, the bankruptcy trustee COULD initiate action to “clawback” those funds. As a hedge broker, this makes my blood run cold. Generally, as the markets move in favor of a hedge position and equity builds in a client’s account, that excess equity is sent back to the customer who then uses that equity to offset cash market transactions OR to pay down a revolving line of credit. Even the possibility that a customer could be penalized and additionally raped AGAIN via a clawback action after already having their customer funds stolen is simply villainous. While there has been no open indication of clawback actions being initiated by the MF Global trustee, I have been told that it is a possibility.

And so, to the very unpleasant crux of the matter. The futures and options markets are no longer viable. It is my recommendation that ALL customers withdraw from all of the markets as soon as possible so that they have the best chance of protecting themselves and their equity. The system is no longer functioning with integrity and is suicidally risk-laden. The rule of law is non-existent, instead replaced with godless, criminal political cronyism.

Remember, derivatives contracts are NOT NECESSARY in the commodities markets. The cash commodity itself is the underlying reality and is not dependent on the futures or options markets. Many people seem to have gotten that backwards over the past decades. From Abel the animal husbandman up until the year 1964, there were no cattle futures contracts at all, and no options contracts until 1984, and yet the cash cattle markets got along just fine.

Finally, I will not, under any circumstance, consider reforming and re-opening Barnhardt Capital Management, or any other iteration of a brokerage business, until Barack Obama has been removed from office AND the government of the United States has been sufficiently reformed and repopulated so as to engender my total and complete confidence in the government, its adherence to and enforcement of the rule of law, and in its competent and just regulatory oversight of any commodities markets that may reform. So long as the government remains criminal, it would serve no purpose whatsoever to attempt to rebuild the futures industry or my firm, because in a lawless environment, the same thievery and fraud would simply happen again, and the criminals would go unpunished, sheltered by the criminal oligarchy.

To my clients, who literally TO THE MAN agreed with my assessment of the situation, and were relieved to be exiting the markets, and many whom I now suspect stayed in the markets as long as they did only out of personal loyalty to me, I can only say thank you for the honor and pleasure of serving you over these last years, with some of my clients having been with me for over twelve years. I will continue to blog at Barnhardt.biz, which will be subtly re-skinned soon, and will continue my cattle marketing consultation business. I will still be here in the office, answering my phones, with the same phone numbers. Alas, my retirement came a few years earlier than I had anticipated, but there was no possible way to continue given the inevitability of the collapse of the global financial markets, the overthrow of our government, and the resulting collapse in the rule of law.

As for me, I can only echo the words of David:

“This is the Lord’s doing; and it is wonderful in our eyes.”

With Best Regards-
Ann Barnhardt


source (http://www.theblaze.com/stories/going-galt-hedge-broker-shuts-down-firm-with-chilling-letter-about-the-market/)



some background on MF Global (http://projectavalon.net/forum4/showthread.php?33694-Major-financial-derivatives-broker-MF-Global-suspended)

[Corncrake]

Muzz - thanks for posting. An extraordinary and important post from the inside. Someone actually responding honestly for a change. Let's watch closely ...

[ThePythonicCow]

That was one dang fine rant, analysis, and proclamation.

Thanks for posting it.

[Cognitive Dissident]

www.zerohedge.com is a very good source of information - the above was posted there, as well as a lot of other things. Yes, it is all very capitalist, but it is even more strongly anti-authoritarian, and realises very well that the whole system is both corrupt and unstable.

[Bill Ryan]

-------

Wow.

[Carmen]

Wow, two. It's great to read the message of a person a such integrity.

[Fred Steeves]

Excellent find Muzz, thank you!

[eaglespirit]

Posting Ann's blog url...should be interesting to keep tabs on...She declined an interview with CNBC.

http://barnhardt.biz/

[Etherios]

can this be the start of the beast eating it self?

[Muzz]

Thanks for the link eaglespirit

[WhiteFeather]

can this be the start of the beast eating it self?


Or the snake eating its own tail. Thanks for this post. Is the Shyte gonna hit the fan, maybe so. Is this the end of the IMF? I Hope So!


Ouroboros Crop Circle. The snake eating its own tail!

http://www.greatdreams.com/cropcircleouroboroshillbarn2001a.jpg

"Until Barack Obama has been removed from office AND the government of the United States has been sufficiently reformed and repopulated so as to engender my total and complete confidence in the government, its adherence to and enforcement of the rule of law, and in its competent and just regulatory oversight of any commodities markets that may reform. So long as the government remains criminal, it would serve no purpose whatsoever to attempt to rebuild the futures industry or my firm, because in a lawless environment, the same thievery and fraud would simply happen again, and the criminals would go unpunished, sheltered by the criminal oligarchy". WoW Indeed!

[crosby]

it's about time. i'm so glad that there is at least 1 honest person out there in the economical markets...... i would love too see many more follow suit. i truly think that the tipping point is here. thank you Muzz.
regards, corson

[ghostrider]

another company out of business, and more people losing their jobs.... hope and change , yea you hope after Obama is done you have some change left over to fill the parking meter.

[Cognitive Dissident]

Very interesting. This article suggests that MF was brought down deliberately
Makes sense in a crazy way http://t.co/JKD15pyE

[Fred Steeves]

She declined an interview with CNBC.

http://barnhardt.biz/

Good for her, sometimes saying nothing speaks volumes. Thanks for that tidbit eaglespirit, NBC is up to their eyeballs in this.

[Aryslan]

Excellent read, thanks Muzz!

[Unified Serenity]

I am still reading her site. She seems to have a strong desire to be "in your face" regarding her beliefs and hatred of Islam. She is definitely a very right wing catholic and that's fine, she has every right to express her views. I just still wonder if she is an agent provocateur to encourage anarchy in the name of righteousness.

¤=[Post Update]=¤

This blog entry of hers is very interesting:

Nutshelling the MF Global Collapse
Posted by Ann Barnhardt - October 31, AD 2011 11:14 AM MST
Yes, I called it late last week and strongly urged MF customers to make a hasty exit stage right, but I absolutely did not see what happened this morning coming. This is utterly unprecedented. The Chicago Mercantile Exchange issued an email circular this morning (I received mine at 8:39 am MDT) stating that all MF Global positions were limited to LIQUIDATION ONLY and all MF employees and brokers and traders were banned from the floor of the exchange.

1. As I mentioned last week, MF Global came to its present form back in 2005 when the then-biggest clearing firm, Refco, imploded and was bought by EDF Man. The new, huge firm was then renamed MF Global. When Refco imploded in 2005, NOTHING like this happened. It was a relatively smooth transition, trading was not interrupted, and most of the Refco employees were absorbed into the new company. There was absolutely NO interruption of customer access to positions.

2. Shutting off access of customers to their floor brokers and limiting them to liquidation-only is UNPRECEDENTED. If a big account did not have multiple clearing relationships, the risk exposure this morning for those firms is terrifying to ponder. I did not see this coming. The whole industry is pretty much in shock.

3. Let's not forget that a whole lot of people have just lost their jobs. All of the MF clerks, back office staff, everyone who worked for MF on Friday is now unemployed this morning. Those people matter. John Corzine views them as meaningless economic units who exist only to serve him and advance his power and increase his personal wealth, but John Corzine is an evil sociopath who should be permanently removed from society and imprisoned for the rest of his life so that he can do no more damage. Fricking jackal.

4. Speaking of Corzine, more info is coming out in the bankruptcy filings. First, Corzine stands to reap a $12.1 million severance package / golden parachute per the bankruptcy filing. But that isn't the worst. Corzine was hired by MF less than two years ago. He promptly went about loading the company up on European bonds. That in and of itself is damning enough. Remember, Corzine is Goldman Sachs. He knew EXACTLY what was going on in Europe and he knew that European paper was junk. But guess which European countries he loaded up on? Greece, Portugal, Italy and Ireland. The four little PIIGs. Corzine intentionally drove MF into the ground so that someone, and my money is on Goldman Sachs, could come in and buy the remains for 30 cents on the dollar or less. Watch the news. Watch and see who ends up buying the remnants of MF. If it isn't Goldman outright, I'll bet it is a "holding company" that is tied to Goldman. As an astute commenter over at ZeroHedge.com said last night, it looks like Corzine never really stopped working for Goldman. He just moved his office into MF Global's suite.

5. And now, ONE MORE TIME regarding the financial industry regulators in this country. Guys, they are evil, corrupt and incompetent. The regulatory bodies are run by evil, evil people at the top who are complicit in these goings-on. There is NO POSSIBLE WAY that MF Global could have passed any honest audit with the amount of exposure it was carrying in the European bond market. By the way, MF Global's audit would have fallen under the jurisdiction and oversight of the Chicago Mercantile Exchange itself AND the Commodity Futures Trading Commission on the Federal level. It is just impossible that the CME and the CFTC didn't know MF's position and risk exposure all along. The second tier in these regulatory agencies are a combination of evil, greedy and incompetent bureaucrats who could very well be classified as "useful idiots" who will do anything, say anything, or overlook anything just so long as their salary check clears the bank every month. The third tier are full-blown useful idiots - and by that I mean totally, completely and astoundingly unqualified and incompetent "foot soldiers", many of whom are affirmative action hires. When things like this happen (and there are other examples of massive ponzi schemes being ignored in recent history, like the Sentinel Management Group fiasco) what these regulatory bodies do is lay the blame for "missing" the red flags at the foot of the affirmative action hires who are the on-site auditors and who are made to sign off on the audits. Do you see this? Do you see the evil we are dealing with here?

6. And now here is a paragraph that everyone in the financial industry, but most particularly the futures industry, should send viral. Every Introducing Broker and Futures Commission Merchant in the world is being targeted for extinction by the megabanks. They want you GONE. Goldman, Citi, JP Morgan, etc. They are working with and through the financial regulatory bodies and with the Federal Government via such legislation as Dodd-Frank to force out of business every FCM and fold all of that business into the megabanks. IBs like me are also a target, but we IBs are meaningless guppies compared to whale-sized FCMs.

Corzine was SENT into MF Global with the objective of collapsing it and rolling the remains into Goldman (presumably). And he was paid eight figures to do it, AND promised SEC TREAS after Geithner. If you had said six months ago that the largest FCM in the U.S. would be taken down, everyone would have laughed in your face, but here we sit. The only question is, who is next? How long will an FCM like ADM last before looking at Dodd-Frank and saying, "Screw this. We're selling our clearing operations and we'll just go back to straight-up product merchandizing." Why shouldn't they? If the FCM profit center is made impossible by the government and the corrupt regulatory bodies, why would they continue to operate an FCM? Why not sell to Goldman or one of the other megabank entites and then do their exchange-traded hedge business through them as a customer? When will the old Chicago boutique firms be similarly forced out, either through regulation that makes their business impossible, or through outright sabotage as with Corzine and MF? None of you FCMs are safe. THEY WILL COME AFTER YOU AT SOME POINT. You have been targeted for extermination. Either you wake up to this fact and expose these regulatory bodies, megabanks and the Federal Government and fight them, or you are going to end up like MF, being bought by Goldman or one of the other fascist government-connected megabanks for pennies on the dollar. You have been warned.

7. This MF Global collapse is a small-scale (yes, that's right, SMALL-SCALE) foretaste of what is going to happen to the entire system. When I say get your money out of the market, out of paper instruments, and turn it into something real that is physically located on your property, that you can then stand in front of with an assault rifle and physically defend, I'M NOT KIDDING.

**Just for the sake of clarity, I clear exclusively through Penson right now. I have previously cleared RCG, and worked in an RJO branch office which RJO purchased from LFG in 2000, before starting my IB in 2006. That is the extent of my FCM relationship history.

[aranuk]

I really admire all you who posted above. I do not understand the stockbroker lingo at all. I read the OP and have absolutely no idea what she said. Are you all investers in the stock market? Do you all buy dirivitives and hedge funds what ever these means? I only worked for a living for 50 years and was not interested in having anything to do with these spivs. Sorry. My heart bleeds for all who lose money on the stock market. Not.

Stan

[Aurelius]

Quite a feisty lass (Ann Barnhardt), watch this:

http://www.youtube.com/watch?v=riSJcZC89Hc

and maybe this one as well:

http://www.youtube.com/watch?v=hHBz5mlde3E

[DNA]

I am still reading her site. She seems to have a strong desire to be "in your face" regarding her beliefs and hatred of Islam. She is definitely a very right wing catholic and that's fine, she has every right to express her views. I just still wonder if she is an agent provocateur to encourage anarchy in the name of righteousness.

That was my feel as well. You could tell she is still very much invested in the system, and that includes the shell game known as politics.
I appreciate your taking the time to break this down US. :)

[Unified Serenity]

I really admire all you who posted above. I do not understand the stockbroker lingo at all. I read the OP and have absolutely no idea what she said. Are you all investers in the stock market? Do you all buy dirivitives and hedge funds what ever these means? I only worked for a living for 50 years and was not interested in having anything to do with these spivs. Sorry. My heart bleeds for all who lose money on the stock market. Not.

Stan


Hey Stan,

Are you really saying that you don't understand that what MF Global did is steal it's investors money through chicanery? That BoA has moved it's very risky derivatives over to it's deposit side of the books leaving the American People on the hook for 75 TRILLION dollars and if they win and are correct about their hedge bets then they keep the profit, but if they lose then they are not going to lose any money, but we will bail them out. Hey, that's a fun deal, and I think I want in on it. I play a pretty good game of Texas Hold em and I think I should be able to take out a loan against my house and go to vegas and bet it all in a little tourney over there and if I win then I keep the profits but if I lose I think America should bail me out and I shouldn't lose my house.

These lying stealing bastards need to be taken down Now. They need to be dismantled and never be allowed to handle our money or have influence in government again. I am not saying violent revolution. I am saying all of us target their businesses, their homes, their associates and speak out as one denouncing them and their usurious systems. We need to take the FED and IMF apart NOW. We need to end usury. We need a debt holiday and reset switch.

[Lord Sidious]

I really admire all you who posted above. I do not understand the stockbroker lingo at all. I read the OP and have absolutely no idea what she said. Are you all investers in the stock market? Do you all buy dirivitives and hedge funds what ever these means? I only worked for a living for 50 years and was not interested in having anything to do with these spivs. Sorry. My heart bleeds for all who lose money on the stock market. Not.

Stan


Hey Stan,

Are you really saying that you don't understand that what MF Global did is steal it's investors money through chicanery? That BoA has moved it's very risky derivatives over to it's deposit side of the books leaving the American People on the hook for 75 TRILLION dollars and if they win and are correct about their hedge bets then they keep the profit, but if they lose then they are not going to lose any money, but we will bail them out. Hey, that's a fun deal, and I think I want in on it. I play a pretty good game of Texas Hold em and I think I should be able to take out a loan against my house and go to vegas and bet it all in a little tourney over there and if I win then I keep the profits but if I lose I think America should bail me out and I shouldn't lose my house.

These lying stealing bastards need to be taken down Now. They need to be dismantled and never be allowed to handle our money or have influence in government again. I am not saying violent revolution. I am saying all of us target their businesses, their homes, their associates and speak out as one denouncing them and their usurious systems. We need to take the FED and IMF apart NOW. We need to end usury. We need a debt holiday and reset switch.

I think all the theft is excellent.
One of the only things keeping people in the system is fear of loss, but if they lose their ''money'' then what?

[Aryslan]

As Gerald Celente is fond of saying, "when people lose everything, they lose it." Or something along those lines.

Edit: Perhaps everyone will have no choice but to grow spiritually, wouldn't that be nice!

[Brodie75]

Quite a feisty lass (Ann Barnhardt), watch this:

http://www.youtube.com/watch?v=riSJcZC89Hc

and maybe this one as well:

http://www.youtube.com/watch?v=hHBz5mlde3E

She seems like she has a lot of anger issues. Her so called honesty may just be political grandstanding.
More to do with her ambitions then her integrity i think

[eaglespirit]

One of the only things keeping people in the system is fear of loss, but if they lose their ''money'' then what?

...then they have to help one another, unconditionally! ...what a concept

[Seikou-Kishi]

The majority in her business, as in most businesses, are surely good people. Good for her.

[Cartomancer]

This woman is a hero. Bravo.

[sygh]

-------

Wow.

Yeah, and I'll spell it backwards woW!

The implications are staggering, aren't they? No suprise but staggering -none the less. I can be no more prepared than I am, which isn't saying much of anything. But then, I have nothing to lose, so... I wonder what the spin will be on this?

I hope all Avalonians, and their families are prepared. Further, I'm glad you are in S.A., Bill.

[sygh]

Wait a minute, I watched these videos, and yes, she has the flag behind her but does she ever pack a punch. Listen to what she says. This is heavy stuff. She is firm, that's putting it mildly, but she has read what others have not.

She has gone where others fear to trod.

[jp11]

I appreciate this information, quite informative. BUT in my attempt to watch the videos of the feisty lass I couldn't watch them. I tried the first one last night and stopped. I tried the second one just a bit ago and again stopped. I have no use for the likes of such negativity and hypocrisy. Christianity my @$$! :mmph:

How in the hell can she know what is in anyones mind when they say or do whatever? I'm not into politics per se, and may not be as informed as others, but I do know anger, superiority, divisiveness when I see it.

I just love it when someone takes something out of context to make a point. Pick a point of view no matter what it is and you can always pick and choose what suits you to prove your point. :wink:

That's how all this began IMO, my god is better than your god. BS back then and still BS. If we can't allow another their point of view and to live their life differently, with the intent to do no harm to another, then there is no hope for this mess to ever change. Again my opinion. I believe there is much we can learn if we lay down our anger and are willing to listen to others...who also want a world of peace and allowing.

There is no reason we cannot live in harmony if we truly want to. The controllers have done a great job setting us up again and again, so we believe the enemy has to die for this world to be a better world. Like I said :bs:

And I do appreciate the different points of view and information provided. Great group this forum is and glad to have access to it.

:nod: :wub:

[sygh]

jp11,

I hear what you're saying. It's tough to have this sort of coversation. Did you see the video about the Koran? I'm mentioning it because this is also what she has spoken of, she has been introduced here, and now it is in our face, so to speak. This comes from the same woman who wrote the letter of conviction closing her doors of business, and calling the futures market corrupt and destroyed, etc...

What a blow!

She is in the system, yes but we are all in the system to one degree or another, aren't we? IMO, to say one isn't in the system is a lie one tells one's self, in order to set one's self apart from the crowd, out of ignorance... not stupidity, just plain old innocent blocking. That is one of the many moments of the process of awakening. The system is faulty and not sustainable so, who must change?

And this is the same woman who confronts pedophilia, abuse of girls and women, and abuse of boys and men. She has confronted same-sex relationships, and believes being gay is a state of mind, stating sexual perference is taught straight out or, through acts that would bring a person to accept and perpetuate the same act. She has openly confronted laws that rule nations (be they religious laws, or governmental laws) as based on her Christian beliefs which stem from her own understanding of the Christian bible. She is also warning others to liquidate holdings, purchase essentials, and obtain a means to guard them (in other words -get a weapon and be prepared for desparation, and social depravement).

If the economy falls apart, will there be acts of violence? Will there be social unrest and depravement? Will there be desparation? Fear? I don't want that at all but unless we can change it by being prepared to barter, etc... I think there will be. Finite resources brings out the beast in man. So, what is acceptable behavior, and what isn't? Not what will he or she be willing to do but ... what will you be willing to do, or not to do? What lines should never be crossed? What rudder steers this vessel? Who is at the helm?

We speak peace, we want peace, we want a better world, we shape our world, we are shaping it right now. We are finding out who we were, who we are, and who we have the capacity to become. And we become very moment of our lives, and more...

This is tough worldly stuff. She speaks her truth. Avalonians speak their truths. Most Avalonians are now here to assist change in the world, based on a vast, love. Yet, many have paniced. Many Avalonians look for a place to be when the you know what - hits the you know where too. Others have come to accept the idea of being where one is, and making it a better place. Either one is perfectly perfect, isn't it? Calling. Calling. Many know that time isn't real but the experience is from the spirit, to the mental, to the material, and vice versa. And many of us have stood in her shoes, and not that many years ago. Many have rifles. Many don't.

Personally, I believe some people were born more female, or male, in the opposite body, but not all; IMO, for some it is taught, while for others, it is a mental choice. We go through what we go through for a reason, and it is not my place to stop anyone's spiritual growth; nor, would I want to.

However, I will never understand pedophilia as a natural act; therefore, I cannot accept it as a natural act of anything other than animalistic depravity. IMO, pedophilia is not love in any way, shape, or form.
This woman speaks about all of these things. At least she is speaking out. And she makes sense. I don't think she has a political agenda, I think she has a spiritual agenda based on the bible. While the bible we have read has been rewritten, the spirit still comes out of it's pages.

[Humble Janitor]

I was with her until she went into her marxist Obama bull**** mode and then I completely tuned it out.

Why?

Because the financial crisis existed long before Obama was elected. We all know that and we all know that the cabal as a whole is responsible. I'm talking about Bush, Rumsfeld, Obama, Clinton, Blair, etc.

[jp11]

sygh,

I hesitate to respond to your questions about Ann Barnhardt because it then becomes off topic. Yes, I did begin to watch the video about the Koran, I was able to watch maybe 4-5 minutes...but as I said I stopped. And I do understand it is the same women. That's why I attempted to watch.

I ascribe to the thinking that in our life everything equates back to either love or fear. Although I've never done the Course in Miracles, I've been exposed to it here and there and that thinking makes sense to me.

On a personal level I have a violent, explosive temper...I'm one of the angriest people I know. However, I have not expressed that part of myself in over 20 years. So I can spot anger a mile away. You might say I'm on the lookout for it. I had to work long and hard to understand its source (lots of victim stories), accept it, make peace with it, and the biggest part, choose to change my behavior. I acknowledge that is part of who I am, therefore giving me compassion for others. And that doesn't mean I condone it when it is hurtful to oneself or others.

When I experience someone who expresses their self which such anger and hostility I choose to walk away. I feel Ann has major anger issues and anything she might say of value is colored with her rage and anger...and for me distorts the message. I also feel she is full of self-important ego. That she is willingly challenging someone, anyone to come her way and if pressed will take them out! Ego, ego, ego! Where is the Christianity in that?

Fighting against something only creates more of the same...fighting cancer, fighting against drunk drivers, fighting against whatever...

If she and I were to have a face to face perhaps that would be different. But on the surface anything she has to relate goes away and all I see is this rage filled person. The written info about the Hedge fund/financial situation was informative to a degree because she has first hand knowledge which I do not, and I've read/seen others that I respect expressing similar info.


And this is the same woman who confronts pedophilia, abuse of girls and women, and abuse of boys and men. She has confronted same-sex relationships, and believes being gay is a state of mind, stating sexual perference is taught straight out or, through acts that would bring a person to accept and perpetuate the same act. She has openly confronted laws that rule nations (be they religious laws, or governmental laws) as based on her Christian beliefs which stem from her own understanding of the Christian bible. She is also warning others to liquidate holdings, purchase essentials, and obtain a means to guard them (in other words -get a weapon and be prepared for desparation, and social depravement).

She's entitled to express herself, but I don't have to listen. I object to negative, hostile, aggressive communication. I also object to "Christian beliefs" being force on me. I have a different idea of what Christian beliefs are.

From the bigger picture I believe that there are no victims. We all go through what we do because we have called it forth, albeit usually unconsciously. Who am I to say what is in the best interest or expansion of the wholeness of the person who experiences these circumstance, either as the receiver or the sender.

Fortunately I have never been the receiver or personally known anyone who has. But I do believe I have been in both roles in previously existences. And I also believe that I would do something to stopped it if I were aware of it happening. I also don't feel I have to call that energy into my life to prove it to me or anyone.


If the economy falls apart, will there be acts of violence? Will there be social unrest and depravement? Will there be desparation? Fear? I don't want that at all but unless we can change it by being prepared to barter, etc... I think there will be. Finite resources brings out the beast in man. So, what is acceptable behavior, and what isn't? Not what will he or she be willing to do but ... what will you be willing to do, or not to do? What lines should never be crossed? What rudder steers this vessel? Who is at the helm?

I don't know if this is a generic question to "you" or to me personally. I do not have a weapon nor do I believe I should. I do my best to hold an energetic space of peace and love and send the same to others when I deem it would be helpful, knowing they can either receive it or not. And there is that word "fear." All I can do is use what tools I have to dissipate any fear that may come up and trust I will be protected. If something comes my way, so be it. And at that time I will respond however I do, to the highest level I can in the moment.

To ponder what ifs to me is a waste of time that can be better spent.


This woman speaks about all of these things. At least she is speaking out. And she makes sense. I don't think she has a political agenda, I think she has a spiritual agenda based on the bible. While the bible we have read has been rewritten, the spirit still comes out of it's pages.

This is a free country (yeah right) and she has the right to express herself. Again my idea of what is spiritual doesn't sink with how I see her expressing. She is certainly on the track, as I am and you, etc. but until something changes I choose to take another route and listen to someone whose communication style is more in harmony with peaceful resistance...as I want to be.

Thank you for your input sygh.

:wave:

[sygh]

jp11, I so appreciate what you had to say. She is violent in a confronting sort of way, it is obvious she is fearful. She is zealous. I don't like any religion thrown in my face either. I do however appreciate her letter.

I'm glad you responded in conversation, jp11; thank you for taking the time. I truely believe we would all be better off going with peaceful resistance. Personally, I work toward sustainable energy, solar passive architecture, and with what I am learning here, I am working on adding food foresting into the equation. I express myself in art and music. And I really am a very small part of the whole. Working toward becoming in tune and at peace with mother nature and transitioning on to a higher plain of existence.

I was feeling a bit stressed, as Sid put it, more over sad, today but between the wash, rince and repeat cycles, it all comes out. Maybe watching her videos riled me, along with a few other things involving political forked tongues. Not worth it, is it.

[jp11]

Hello again sygh.

One thing I want to state, please don't misconstrue my words...I am by no means a paragon of virtue. :laugh: I too have my moments of feeling a little off and I also make myself laugh at times because I do get very upset with some situations in our world...I end of screaming at the computer or the tv because I've read or seen something that is so outrageous! :yell: :director: And after I've had my little fit...I sometimes wonder what those that are watching must be thinking, those of the unseen, etc. :lol:

Because I live alone I can get away with that behavior. In public I would never behave in such an over the top manor.


Personally, I work toward sustainable energy, solar passive architecture, and with what I am learning here, I am working on adding food foresting into the equation. I express myself in art and music. And I really am a very small part of the whole. Working toward becoming in tune and at peace with mother nature and transitioning on to a higher plain of existence.

Impressive, and please don't sale yourself short...as in a very small part. I can assure you what you give is certainly not small. You are and contribute great value in the grand scheme of things. :yes4:

[eric charles]

so here we have it folks , a person on the inside telling us to withdraw from the system , not a bad idea imo

[eaglespirit]

Ann on the Andrea Shea King Show
Posted by Ann Barnhardt - November 21, AD 2011 9:16 PM MST

http://barnhardt.biz/

...current talk at link

[Ba-ba-Ra]

While it's interesting to analyze Ann Barnhardt's character and reasons for shutting down her firm, LET US NOT LOSE SIGHT OF THE IMPORTANT ISSUE HERE.

It is now estimated that M.F. Global has "lost" 1.2 billion of it's clients funds and yet, to date they have not been accused of any wrong doing. I love it when regulators say it's just sloppy accounting. Is that supposed to make me feel better ~ like they're not crooks, they're just sloppy accountants.


http://dealbook.nytimes.com/2011/11/21/mf-global-trustee-estimates-shortfall-could-be-more-than-1-2-billion/?ref=business