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    “It is with regret and unflinching moral certainty …”

    “It is with regret and unflinching moral certainty …”

    that Ann Barnhardt issued the following statement (emphasis in original)(h/t reader Charles):

    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….

    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.

     

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    […] all of this.There’s more at the link, including Part II of the letter.H/T Charles B and Legal Insurrectiongoogle_ad_client = "ca-pub-1395656889568144"; /* 300×250, created 8/11/08 */ google_ad_slot = […]

    Ms. Barnhardt is on target and I give her alot of credit for refusing to play a grift that is our current markets have become. We are literally cornered on all fronts and almost completely illegitimate

    Yowza. Hope her will’s made out.

    Don’t go anywhere near Ft. Marcy park, Ann. Just sayin’.


     
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    Juba Doobai! | November 18, 2011 at 7:46 pm

    Finally! Someone in whom honor is not a rotten corpse!

    So, calling Obama a Marxist, believing in God, quoting Scripture, accurately stating we have become a nation of rule by man, securing the best interests of her customers, having the courage of her convictions and publicly asserting them via web posts, and analyzing outside the box make her a nut?

    All nuts should be like her. If only the sane Congress-critters were like her!

    Gold, silver, steel and lead. Problem solved.


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