Ann Barnhardt Discusses MF Global with Peter Schiff - "There Is No Rule of Law Anymore"

There are some interesting facts brought out in this discussion. I do not necessarily agree with everything she says, and she is obviously outraged.

I do not believe in capital punishment except for the most extreme crimes against humanity, and I also think that boycotts and reforms must be targeted to be effective.

Peter Schiff is promoting his agenda, and this leads to a rather comical exchange between her and Peter towards the end regarding the proposed boycott of paper assets.

The way the government, the Exchange, the Court, the CFTC and a Wall Street Bank treated the MF Global customers after their money was stolen is an absolute disgrace.

But perhaps no more disgraceful than the many settlements without admission of guilt in serial financial frauds, the wristslap fines, the turning of a blind eye to theft, and the stifling of reforms and reports on market manipulation. MF Global is the fruit of moral hazard in the concentrated power of a parternship between the government and corporations.

No one seems to know anything, and yet the theft and the fraud continues.

And in this perhaps is a cautionary tale for the rest of us who might not have been affected directly by this particular episode. Even if you do nothing, say nothing, make no waves, go along to get along, when the law is owned by the lawless, eventually they will come for you and yours as well.

This is the lesson of history that we must never forget.

Ann Barnardt's web site is barnhardt.biz