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I am
EXTRAORDINARILY busy today, between my morning and afternoon RANTS, our
Webinar, numerous conference calls, and even my HOA Board meeting tonight
(I’m the President). Thus, I have little time to write my RANT topic
this afternoon.
Thankfully,
the topic requires little introduction – or commentary – stating
the EXACT viewpoint I have given for the past year. In a nutshell, it
features Ann Barnhardt – fellow Coloradan and
passionate writer – well-known for her “RANTS”
against the financial system, in the wake of last year’s MF Global bankruptcy
and client fund theft. Ann was a commodities broker for many years,
and consequently understands the futures markets as well as anyone on the
planet. As I did when I left the corruption of Wall Street in 2005, she returned
her clients’ funds and left the commodities business for good following
the MF Global fiasco; in the process, becoming a crusader AGAINST the evils
she saw, as I do each day.
The title
of today’s piece regards the rhetorical question she posed in the below
20-minute interview with “the Doc,” of www.silverdoctors.com – one of
the finest PM-related websites. Based on her in-depth description of the
risks involved, Ann states that anyone keeping their money in PAPER markets
such as stocks, bonds, and commodity futures – particularly with
“TBTF” banks and heavily leveraged brokers – must either be
“stupid” or “on drugs”…
Ann
Barnhardt – If you’re still in these
Markets, you’re either STUPID or ON DRUGS
It is not
100% certain that ALL financial institutions will be swept up in the inevitable
wave of bankruptcies caused by crashing economies and currencies.
However, many will, and those most heavily levered will go first. As for the
securities themselves, long-time readers know I am 100% out of the PAPER
markets – likely FOREVER – and heavily recommend
liquidating ANY and ALL securities in lieu of ITEMS OF INTRINSIC VALUE, such
as PHYSICAL gold and silver.
In a world
fraught with risk – increasing EXPONENTIALLY each day –
one should be thinking as defensively as possible. In other words, the
goal should NOT be to increase the value of your wealth, but PROTECT it from
collapse. It’s all about “relative wealth,” and when
everything else is crashing, you’ll feel like you’re at an
“oasis in the desert” holding REAL ITEMS OF VALUE – especially
inflation hedges in a hyperinflationary world.
PROTECT YOURSELF,
and do it NOW!
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