Showing posts with label Ann Barnhardt. Show all posts
Showing posts with label Ann Barnhardt. Show all posts
Tuesday, September 10, 2013
"Don’t kid yourself. This is all about John Kerry getting laid."
Western Rifle Shooters Association:
ON PSYCHOPATHS WHO MUTILATE THEIR FACES
POSTED BY ANN BARNHARDT – SEPTEMBER 29, AD 2012 11:38 AM MST
ON PSYCHOPATHS WHO MUTILATE THEIR FACES
POSTED BY ANN BARNHARDT – SEPTEMBER 29, AD 2012 11:38 AM MST
Monday, March 18, 2013
Yes, MF Global was the Direct Antecedent to Cyprus
Word is that the initial plan was for a 40% (!!!!) levy confiscation of Cypriot bank accounts. They settled for a MERE 6.75% and 9.9% dual-layered compromise.
Finance: The Cypriot Confiscation is Terrifying
Posted by Ann Barnhardt - March 16, AD 2013 9:27 PM MST
Yes, MF Global was the Direct Antecedent to Cyprus
Posted by Ann Barnhardt - March 17, AD 2013 2:06 PM MST
Cyprus is MF Global on a national, retail banking scale. Corzine absolutely blazed this trail. The particulars are almost exactly the same. Both MF Global/Corzine and Cyprus were failing entities, both took massive, uber-leveraged risks on European sovereign debt, both swept sacrosanct customer money when the house of cards finally collapsed under the weight of its own math.
The indefensible zeroes and ones were instantly swept from the computer servers and customers were locked-out of their accounts.
Interestingly, both were goaded on and enabled by the same people. Corzine was a crony of the Obama regime, which is operationally a Chicago-based phenomenon, as are the regulators of the futures industry, along with the CME group itself.
Cyprus was goaded, overseen, and then "harvested" by the International Monetary Fund, which is chaired by Christine Legarde, who is a Chicago player, and who actually was a partner at Baker & McKenzie before being placed at the IMF by the Obama regime and bankster oligarchy. Cyprus was Christine Legarde's play, and Legarde is in the Chicago oligarch circle.
This will happen here. It already has with MF Global, Cyprus is testing the national, retail banking level, and then it will happen here. They might go straight to bank holidays here, as Warren Pollock has been talking about for over 18 months now, or they may do a levy confiscation like this on retirement accounts.
If you have any money exposed to the financial system, you're just stupid. That's it. Bottom line.
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Tuesday, February 12, 2013
SOMEONE HAS GOT TO BE IN CHARGE
Like everyone, I am certainly taken aback by the Pope's abdication. The confluence of events happening right now is definitely frightening. But, I and many others have seen this coming for years. I knew we were in for big, big trouble with the usurpation by the Obama putsch regime in 2008. So, why be shocked now that it is coming to a head? I guess all of us have a little bit of normalcy bias and denial going on in our heads.
The papal abdication is very grim in my eyes. The precedent being set is horrible - the Pope will almost always be an "old man". If being an "old man" is a disqualifier, then ... who can be Pope? I have heard many conspiracy theories ranging from the slightly plausible to the patently absurd (shape-shifting lizard people, anyone?). Here is the BEST CASE scenario I can come up with - and bear in mind, I have no idea, I'm just saying this is the BEST CASE scenario: The Pope has been diagnosed with something that will eventually turn into dementia or some other form of incapacitation, and having seen John Paul II's descent into incapacitation and the vulnerability therein, B-16 is abdicating because he knows there is no one around him that will protect him in the way that he, as then-Cardinal Ratzinger, was able to effectively protect JPII from the nefarious actors around him - and we KNOW that there are nefarious actors very high up within the Vatican. This is why I keep harping and harping on the INFILTRATION by Communist-homosexualists. It is absolutely FOR REAL.
Again, what I have just laid out is not fact or knowledge on my part. It is simply the best-case scenario in my mind. Ugh.
For those of you who are harping on this as being "the end of the Church", um, you might want to go ahead and walk that back, because you are calling Christ Almighty a liar. What part of "and the gates of hell will not prevail against it" are we struggling to understand? The Church may get right up to the Gates of hell, but hell will never prevail. B-16 himself said a couple of years ago that the Church would become very "compact". I shudder at what he knows - especially after this. As I told someone not too long ago, so long as ONE valid Mass is said somewhere on earth per day, the Church will exist. The person I said that to winced and recoiled in horror. Yup. But remember, we have it coming. God knows we have it coming. Let His Justice be exacted. Whatever it takes to end this culture of child sacrifice and sodomy. This cannot go on.
On a personal note, the Petrine Primacy was the last hurdle I cleared in my conversion, and now it is a keystone in my faith. And do you know who explained it to me? It was my cattle marketing mentor, Bud Williams, who died just recently. Bud was not a religious man, but the Holy Spirit speaks through whomever it pleases Him to speak. Bud was extremely savvy when it came to management of PEOPLE. He was extremely perceptive and knew how to get the best out of people in the work environment. One evening, while sitting in Bud's living room, Bud began talking about feedyard management. I was in the process of converting to Catholicism, but was still not 100% sold, as I was still struggling with the whole papacy thing. As I was sitting there listening to Bud, he said one of the more profound things I ever heard him say (and that is saying something). He said, "When you are running a feedyard - or really trying to do ANYTHING involving a group of people together, SOMEONE HAS GOT TO BE IN CHARGE."
BAM. Like a punch in the face. I sat on that sofa with the word "PETER" pounding in my mind as Bud fleshed out his premise, and I absolutely knew that he was right.
It would have been utterly CRUEL for Our Lord to NOT establish the Petrine Primacy, and leave His Bride with no leadership, and thus total chaos. Not only did Our Lord establish that leadership, but He also sent the Paraclete to safeguard the Pope through the brilliantly subtle negative-protection dynamic of papal infallibility. And we know that it works because there have been six or so truly terrible popes in history, but not one of them ever made a false declaration on faith or morals speaking ex cathedra (that is officially, "from the chair"). The bad popes were too busy fornicating and scheming to ever bother with anything theological. So even the nasties never declared their own sins "licit" - which is utterly miraculous if you think about it, because that is the genesis of all of the heresies and schisms, like Luther wanting to have sex with Katarina von Bora, or Henry VIII wanting to dump whichever wife he was sick of and move on to the next concubine and have everyone applaud him for it.
Yep. I'm with Peter. To the end. Because Peter has the keys because Our Lord gave them to him, and Peter is the Rock because Our Lord said he was, and Peter loves Our Lord, and Our Lord loves Peter. Even if some of Peter's successors don't live up to their dignity. Remember, even Peter himself failed to live up to his dignity. He didn't fully unwind his betrayal of Our Lord until he himself was crucified.
Kyrie, agapo se.
Christe, agapo se.
Kyrie, agapo se.
Posted by Ann Barnhardt - February 12, AD 2013 9:01 AM MST
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Sunday, January 27, 2013
One Simple Question: 5.56 or 7.62?
Posted by Ann Barnhardt - January 25, AD 2013 8:29 PM MST
Click through and read the whole thing.
Click through and read the whole thing.
Here's the money quote:Therefore, the question that is simply asked and objectively answered, without placing any of the SF or CIA operatives at mortal risk is a simple one. You see, the Kalashnikov rifle chambers a 7.62 mm round. The US M-4 rifle chambers a 5.56 mm round. What is widely reported and accepted is that at least two of the TDY Green Berets who were assigned by the CIA as ARSO’s (assistant regional safety officers) were badly wounded and were treated for multiple gunshot wounds after they rescued over 20 civilian CIA workers from the compound.**The Obama regime supplied countless AKs to the Mexican Drug Cartels in Fast and Furious and other similar programs (there were many - almost one for every ATF office, including inland offices supplying guns to Chicago branches of the Mexcian cartels), so a 7.62 round would by no means exonerate the regime. But a 5.56 would be extra-damning. Dollars to doughnuts says it's 5.56.
The single question that needs to be asked is: “Were the rounds taken out of the wounded ARSO’s 7.62 mm or 5.56 mm?” And when the answer comes back “5.56 mm”, it opens the door to the proof that the cover up was meant to hide the fact that the Obama administration had been caught once again arming offshore groups that did not have the interests of our country at heart.
Thursday, January 24, 2013
CHAPLAINS
Starting Wednesday Night Off Right
Posted by Ann Barnhardt - January 23, AD 2013 8:19 PM MST
† Our Father, who art in heaven, hallowed be thy Name. Thy kingdom come. THY WILL BE DONE, on earth as it is in heaven. Give us this day our daily bread. And FORGIVE US OUR TRESPASSES, as we forgive those who trespass against us. And lead us not into temptation, but DELIVER US FROM EVIL.
For Thine is the kingdom and the power and the glory, forever and ever. Amen †
Posted by Ann Barnhardt - January 23, AD 2013 8:19 PM MST
† Our Father, who art in heaven, hallowed be thy Name. Thy kingdom come. THY WILL BE DONE, on earth as it is in heaven. Give us this day our daily bread. And FORGIVE US OUR TRESPASSES, as we forgive those who trespass against us. And lead us not into temptation, but DELIVER US FROM EVIL.
For Thine is the kingdom and the power and the glory, forever and ever. Amen †
Meet St. Martin of Tours. He was a fourth century Roman soldier, and like many, many Roman soldiers was also a convert to Christianity. While he was yet being instructed in the Faith and before his baptism, Martin encountered a homeless man begging in the cold. The beggar was barely clothed in just a few rags. Martin, moved with compassion and pity for the man drew his sword, also known as an ASSAULT WEAPON, and cut his own cape in half, and gave half to the freezing beggar.
**I know this story seems completely unbelievable because everyone knows that people who carry and wield ASSAULT WEAPONS are incapable of anything like COMPASSION or CHARITY, but you'll just have to suspend your disbelief on this one.**
That night, Martin had a dream in which he saw Our Lord wearing the half of his cloak that he had shared with the beggar. In his dream, Our Lord said to the angels, "Here is Martin, the Roman soldier who is not baptized; he has clad Me."
Martin was received into the Church and went on to be a manful bishop who fought the heresy of Arianism.
St. Martin's cloak was kept as a relic and was carried into battle by the French Army. The French would set up a special tent on field of battle to house St. Martin's cloak. The word for cloak in Latin is "cappa". The priests who took care of the cloak were thus referred to as the "cappellani". Eventually, all priests charged with the care of soldiers were called "cappellani". The Latin word "cappellani" became "chapelains" in French, which eventually became "chaplains" in English.
How 'bout them apples?
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Saturday, November 10, 2012
The coming financial 'transformation'
Things you need to know now:
Breitbart: Seven-new-taxesObamacare: Seven New Taxes On Citizens Earning Less Than $250,000
Tax Foundation: The Fiscal Cliff: A Primer
Ann Barnhardt: The Economy Is Going To Implode...And You Deserve To Understand Why
Breitbart: Seven-new-taxesObamacare: Seven New Taxes On Citizens Earning Less Than $250,000
Tax Foundation: The Fiscal Cliff: A Primer
Ann Barnhardt: The Economy Is Going To Implode...And You Deserve To Understand Why
Saturday, October 27, 2012
BENGHAZI EXPOSED
Benghazi
Posted by Ann Barnhardt - October 26, AD 2012 7:23 PM MST
The Obama regime has been running guns and BIGTIME armaments and munitions, including MANPADS, which are shoulder-launched surface-to-air missiles designed to shoot down commercial jetliners, to the Muslim Brotherhood. This is just Fast-and-Furious except that the people being armed are musloids tasked with reforming the Islamic Caliphate instead of the drug cartels. But it is exactly the same thing. Ghadaffi was overthrown because the Obama regime wanted to use a chaotic, destabilized "wild west" Libya as the doorway to the Caliphate to get the arms in for distribution to Syria, Yemen, Jordan, Egypt and eventually Saudi Arabia. Egypt would have been too risky.
Ambassador Chris Stevens and the CIA were somehow, some way running or heavily involved this armament pipeline.
The Obama regime wanted and "needed" Chris Stevens dead, probably to cover the gun and armament running, so they killed him. Word was sent to the Muslim Brotherhood to attack the Benghazi facility. The Obama regime promised that there would be no retaliation and that a cover story about "slandering the prophet" would be provided. The Muslim Brotherhood wins all around. They get to keep all of the arms and MANPADS supplied by Obama with no whistleblowers AND they get their bullshit sharia law agenda advanced and explicitly ratified by the government of the United States.
Get used to this business of the Oligarch class using the Muslim Brotherhood to do their dirty work for them. This has been the plan all along, and it will only escalate from here.
As I have been saying since 2008, Barack Obama is the explicit enemy of what used to be the First American Republic, and of Western Civilization in general. EXPLICIT ENEMY. As in traitor. As in treason. As in murderer. As in should be arrested as a non-state, non-uniformed enemy belligerent, tried in a military tribunal, and upon conviction be put against a wall and shot by a firing squad, and then have his dead body publicly displayed so that there will be no future doubt or bullshit conspiracy theory crap that the son of a bitch wasn't executed. No shit.
And the same goes for dozens of people in his "administration" right along with him, except that the U.S. citizens, like Hillary Clinton, should be tried for treason. But like Obama, upon conviction (which should take all of five minutes to deliberate) these people should be executed by firing squad without delay. They are traitors and they are murderers.
After almost four years of this shit, you people are still trying to parse these events as if these people are just misguided or inept. These people are the declared enemy of what used to be the United States (they put the last nail in the coffin - the Republic is already dead) and of Western civilization. They are attempting to bring about a global tyrannical oligarchy and are in a close, explicit alliance with islam in order to consolidate control of the oil producing areas of the muslim world and eliminate Israel, and eventually to use the Caliphate as the army which will totally overrun and overthrow Europe.
Clinton, Obama, Panetta, Axelrod and THEIR HANDLERS, all of these people are coming straight out of Communism, which is really nothing more than a push for a global tyrannical oligarchy. It has little to do with any sort of economic theory per se, its only goal is to put a cadre of oligarchs in power, and to enrich them by any means necessary. We should probably stop calling it Communism and just call it neo-Stalinism.
Chris Stevens was tortured, gang ass raped, killed, and his dead body was gang ass raped again because the initial order came from Washington D.C. to kill him. The details really didn't concern the murderers sitting in Washington watching it happen via drone-cam, nor did the collateral damage in the form of the other three men killed. Stevens thought he was "in the club", but the poor fool was just another "stupid faggot" in the eyes of the Obama regime who was used and then killed because he was worth less than nothing to them. But then, all human life is worth less than nothing to these people.
One of the SEALs was on the roof of the building painting a target with a laser expecting a drone or a gunship to engage. What the SEAL failed to understand is that the drone he knew was flying above him was in fact the asset of the very people who ordered the strike, and that they were back in Washington watching via that drone-cam, cooly waiting for him, the ambassador and the other assets there present to die.
You people need to wake the hell up. Prepare for war. These people are killers and will stop at nothing until someone stops them.
This clip isn't about Limbaugh. This is all about the caller who is a SPECOPS guy. Listen to him. The default order is to rescue an ambassador under attack. They only way that DOESN'T happen is if an explicit order to stand down is given, and it must come from Washington from the very, very top.
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Friday, October 05, 2012
Ann Barnhardt joins Glenn Beck in praying for the safety of our president
Those who follow and watch Glenn Beck (as we do) know that he has been worried about the president's safety for quite some time and he's pointed to the unnerving statements of Louis Farrakhan.
Now Glenn has been joined by what might seem, at first glance, to be an unlikely 'bedfellow'-- Ann Barnhardt:
Truly Scary
Posted by Ann Barnhardt - October 3, AD 2012 9:21 PM MST
I didn't watch the debate. I went over to a Friend's house and talked, read some Aquinas, and then talked some more. Then I went to Chick-Fil-A.
I find myself with an intense feeling of dread after reading the wrap-up comments.
Obama got his ass kicked, or to be more precise, kicked his own ass. From what people are saying, it seems clear that Obama did not prepare in any way, shape or form. More on point, Valerie Jarrett, Michelle Obama and David Axelrod did not force Obama to prepare. At all.
This implies two things. First, the "less-bad" implication:
No preparation was done because they know that the elections will be fixed and none of them care, least of all Barry who is a drug-addled imbecile and doesn't care about much beyond his next gram of coke and male fellation.
What really, really is bothering me and has me genuinely scared (yes, I do feel fear) is the fact that it can now no longer be denied that Barack Obama is worth more to his neo-Stalinist handlers dead than alive.
Someone has to say it. It might as well be me.
There has been buzz of a false-flag assassination attempt contingency plan among the Valerie Jarrett gang, but after this, I am genuinely scared that the false-flag assassination may no longer be a mere attempt, but a full-on JFK scenario.
Obama the man is now a liability to the putsch. These people are evil on a scale that most people cannot fathom, and Barry has only ever been a puppet and a tool to them.
Join me in praying for the safety of Barack Obama or whatever the hell his name is. He needs to be removed, arrested, tried and convicted for what he has done in the calmest, most orderly way possible. If his own handlers false-flag assassinate him, the entire world will fall into tyranny almost overnight, and my fear is that is exactly what they want, and they may be audacious and desperate enough to do it - especially after tonight. [Emphasis mine.]
Stay frosty. Pray hard.
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Saturday, September 15, 2012
Ann Barnhardt: "This government is working consciously and overtly against fundamental human freedom, and has thus forfeited its legitimacy."
Repost: Rendering Unto Caesar (1 of 3)
Posted by Ann Barnhardt - September 11, AD 2012 12:11 PM MST
This was originally penned and posted on November 6, AD 2011. This is interesting because this was the Sunday after MF Global happened. It was still thought at this time that Corzine had stolen *only* a few hundred million dollars - not $1.6 billion, nor had it yet occurred to anyone that NO ONE would be held accountable for any of this. PFG Best hadn't yet happened. The Sentinel Ruling hadn't happened. The ObamaCare abortion and contraception mandates had not yet happened. And this was 10 days before I shut down Barnhardt Capital Management.And now, ladies and gentlemen, is the hour in which the full and hideous scope of the horror that dares call itself “modern, Western Christianity” is revealed. After announcing my Federal tax strike, I have been overrun with sickening, nauseating email after email telling me that for me to enjoin a tax strike is “immoral”, “unchristian”, “contrary to scripture”, “pointless”, “a waste” and all the rest. To everyone who has sent such an email, and you know who you are, there are not words to express the depth of my disgust. I am ashamed – yes ASHAMED – of every single one of you. Your cowardice, your failure to grasp even the most rudimentary concepts of Christianity, starting first and foremost with the First Commandment, but most especially the shallowness of your discernment, is repellant to behold. Super-fun Rockband church and Pastor Jason, and the Marxist-homosexualist infiltrated Novus Ordo Catholic parishes with Father Liza-Judy and their bee-ess six-minute sermons about ABSOLUTELY NOTHING have cleared the battlefield for satan in a war of attrition that would make William Tecumseh Sherman blush with shame.
My decision has been confirmed as correct so many times over that there is no longer any question associated with it.
And let's not forget that other tool of satan which has sent every other clergyman pecker-down in the dirt to lick the hooves, wet with the liquid manure of political correctness and the running blood of the unborn, of the federal government in utter submission: the 501(c) exemption.
Here's your catechetics and civics lesson for the week.
“Render unto Caesar that which is Caesar's” is NOT a release from the First Commandment.
I had one guy email me and tell me that Jesus will not hold any of us responsible for any of the abortions in this country because we JUST HAVE to pay taxes and we have absolutely no choice in the matter. Bullshit. First, what the hell do you think is happening right now? Boys and girls, you are going to be held to account for sitting by and subsidizing the holocaust of the preborn. This country is being brought down as punishment for the genocide that every one of us is partially responsible for.
Secondly, apparently you all have been brainwashed into believing that the I.R. fricking-S is the most powerful entity in the universe, and that being condemned by the IRS is the worst and most permanent fate in the universe and in the realm of humanity. In other words, YOU IDIOTS WORSHIP THE I.R.S. ABOVE GOD. YOU FEAR THE I.R.S., BUT DO NOT FEAR GOD, HIS JUDGEMENT OR HIS WRATH IN THE SLIGHTEST. And you call yourselves Christian? Really?
Now let's think logically. The words, “Render unto Caesar that which is Caesar's; and render unto the Lord that which is the Lord's” have as a direct corollary the asking of a question. What is that question? Come on. Think. You can do this.
The question is, what rightfully belongs to Caesar and what rightfully belongs to God? The God part is easy. EVERYTHING belongs to God. Uh-oh. Now we have a mathematical conundrum, don't we? If we believe in God, and we believe in the First Commandment, then “Caesar” is truly OWED nothing. We can CONSENT to pay taxes in a spirit of truth, justice, solidarity and freedom, but only if those four specific ends are served by our taxes.
Let's go through each of the four:
TRUTH:
Barack Obama is a usurper. He is constitutionally ineligible to hold the office of the presidency, and he knows this, the entire Congress knows this, the entire upper-echelon of the military knows this, the entire intelligence community knows this, and the SCOTUS knows this. Barack Obama is an enemy of the United States, who is in a state of open, declared war upon it, its constitution and its people. This is the absence of truth. We are being “led” by a human lie, backed by an entire government of oath-breaking liars. Therefore, the government is illegitimate and has forfeited its licitness.
JUSTICE:
The Rule of Law is effectively dead. From the presence of Obama himself in the White House, to the lawless Department of Justice, to Fast & Furious, to Solyndra, to the unconstitutional “czars” and “executive orders”, to the Federal Reserve, this is a society ruled by a government of men, not laws. When government is ruled by men and not laws, the determining criterion of how government relates to people becomes brute force of arms and violent coercion, and not transcendent truth. We are utterly deprived of justice by the government itself, and thus the federal government has forfeited its legitimacy. (Note: Remember that when this was originally written, the full knowledge and scope of the financial market lawlessness was not yet known. MF Global had happened only six days earlier.)
SOLIDARITY:
The government is inciting both race-centered, age- centered and class-based antagonism and violence. In declaring pre-born children non-human, a genocide has been legally sanctioned that has cost 50 million lives AND COUNTING. ObamaCare is poised to exterminate the elderly by determining that their lives are not worth living. The government is consciously and expressly trying to break down solidarity amongst citizens along race and class lines, and in that action it forfeits its legitimacy.
FREEDOM:
From ObamaCare, to the TSA, to the forced acceptance of sexual perversions, to forced “political correctness”, to the overt support of Sharia law and muslim sedition, to the destruction of the Free Exercise and Equal Protection clauses, this government is working consciously and overtly against fundamental human freedom, and has thus forfeited its legitimacy.
Friday, August 10, 2012
It's now legal in the US for any financial institution to steal customer funds...and the customers have ZERO CLAIM TO THEIR OWN FUNDS once they are in the custody of the financial institution!
RED ALERT: It's Open Season on All Customer Funds
The NFA is collusion with the Banksters, government and judiciary have achieved their goal. The entire concept of "customer segregated funds" is officially, completely, legally dead.
Guys, it is OVER. I know that many of you are still cowering in normalcy bias, unable to deal with reality, unable to face the world as it is, but you have GOT to snap out of it. The marketplace is DESTROYED. You CANNOT be in these markets. All legal protections are now officially gone.
Do you remember how I told you about the Ponzi scheme that imploded in 2007 called "Sentinel Management Group" that stole over $500 million in customer funds? The NFA was the auditing regulator of Sentinel, and the NFA admitted after the Sentinel Ponzi imploded that they signed off on their audits even though the NFA claimed not fully understanding Sentinel's books or accounting methods. In other words, the NFA didn't really audit Sentinel at all - they just PRETENDED to audit them, drew up some forms, had some robosigners sign off, and then just hoped that when the shit hit the fan, everyone in the industry would be so terrified of the NFA that no one would hold the NFA accountable for their criminal malfeasance - or even talk about it.
Sentinel took customer segregated money and fraudulently used it as the collateral on a loan from Bank of New York Mellon for $312 million to fund their own in-house proprietary trading operations. When the Sentinel Ponzi collapsed, BNYM sued to go to the front of the line of creditors - ahead of the customers of Sentinel whose money was fraudulently used as collateral, which has now been "linguistically sanitized" into the word "hypothecated".
The federal appeals court ruled yesterday that not only does BNYM stay at the front of the line, but that using customer segregated funds as collateral is NOT a crime, and that co-mingling customer segregated funds with proprietary funds is NOT fraud.
Here is the Reuters piece.
Read this quote from the ruling, which is, in essence, the entire financial market paradigm being guillotined:
That Sentinel failed to keep client funds properly segregated is not, on its own, sufficient to rule as a matter of law that Sentinel acted ‘with actual intent to hinder, delay, or defraud' its customers.
U.S. Circuit Judge John D. TinderWhat this means is that even if Jon Corzine is somehow dragged into court by private citizens, because you know damn good and well that the Justice Department will never, ever touch him, Corzine now has a legal precedent, likely from a bribed or otherwise coerced Federal Appeals Court, explicitly stating that an FCM can use customer deposits to pay its debts, and that the customers themselves are subjugated and have basically no legal right to their own monies, no matter what the law says, or what legal assurances, claims or guarantees are made to that customer about their funds held with an FCM or any other brokerage or depository institution. The "secured" party at the front of the line will always be the mega-bank who made the fraudulent loan using the stolen customer funds as collateral.
In other words, all customer funds in the United States are now the legal property of JP Morgan, Goldman Sachs, BNYM, or whichever megabank is the counterparty on the loans the FCM or depository institution takes out in order to fund its mega-levered proprietary in-house trading desks.
For the love of God, I don't know what more there could possibly be to say to snap you people out of your normalcy bias trance. You have GOT to get ALL MONIES out of the financial system NOW. This ruling sets precedence for every depository institution, not just futures brokerages. It is now legal in the United States for any financial institution to steal customer funds, borrow money against those funds for the uber-levered proprietary trading use of the financial institution, and the customers have ZERO CLAIM TO THEIR OWN FUNDS once they are in the custody of the financial institution.
The court has ruled that once your money passes out of your PHYSICAL POSSESSION, and I mean PHYSICAL possession, it is no longer yours, and you have no legal claim or legal recourse to it when it is stolen. This includes BANK ACCOUNTS. Money in a bank is in the possession of the BANK, not you. Do you comprehend this? The entire system is utterly devoid of any integrity or genuine security and is breaking down catastophically before our very eyes. You HAVE to comprehend that your money sitting in an account is no longer legally yours. You have to force your brain to process and comprehend this, no matter how incomprehensible it may seem. IT IS OVER. This is Marxist hell. We have arrived.
This ruling and precedent will be used by every brokerage, every bank, every insurance company and every pension fund to deny you your money when the financial system finally collapses, be it on Monday, or be it two years from now.
DO YOU UNDERSTAND?
You have GOT to GET OUT.
And all of this goes straight back to the criminal mafia that is the National Futures Association, and the fact that they have not actually been auditing those firms who were in the "cosa nostra", and allowing Ponzi schemes to operate with full bureaucratic protection for decades. Sentinel. PFG Best. The legal precedent enabling this protection racket and blatant fraud and thievery is fully in force, and what Corzine did at MF Global is now legally PROTECTED.
This is ecomonic treason.
Treason is a capital offense, meaning that the death penalty is fully justified, warranted and on the table, should the day ever come when a Second American Republic is established, and with it the re-establishment of the rule of law and justice in this land.
UPDATE: Yes, the South Park "And . . . It's Gone" clip is now 100% factual. Here it is. It is clean. No dirty language, just the cold, hard reality of our dead civilization.
Friday, August 03, 2012
If an asset is not FULLY liquid and available to you, then it isn't really yours at all
On 401ks
401k plan of attack:
1. STOP MAKING CONTRIBUTIONS if you haven't already.
2. Liquidate it. Pay the "penalty". Would you rather pay a penalty or have it all stolen? Or possibly replaced with a "government savings account" comprised of Treasury paper which will probably default or be confiscated long before you are ever allowed to "tap it", and will NOT be able to be passed to your heirs should you croak, but will instead be resorbed back into the collective? Oh, and don't bother whining to me about the "tax consequences". Paying income taxes to this satanic baby-killing Christ-hating government is now, absolutely MORTAL SIN. Why, why, why would you pay taxes?
3. If you can't liquidate it, take out a loan on the balance. Take out the maximum possible loan, and then set up the repayment schedule on the longest possible term.
Now, let's talk about all of you out there who are not permitted by your employer to liquidate your 401k. That decision rests with the PLAN ADMINISTRATOR, who is your employer, be it an individual or a board.
What kind soulless, psychopathic monster would refuse to let their own employees have access to their own money? What POSSIBLE reason could there be for a business owner or a board to refuse to fill out a few forms, sign at a few documents and just let people have their own money?
If your employer will not let you out of your 401k, you need to sit down and think long and hard about who you are working for, and why you are working for them, because they are, by definition, bad people.
Finally, what lesson can we learn from this? How about this: If you don't have access to something, if you cannot take physical possession of it, if all you have is someone telling you that they are taking care of your money, which you cannot touch or have access to - THEN IT ISN'T YOUR MONEY, AND IT NEVER WAS. In short, you have been conned.
If your employer won't let you liquidate your 401k, that means that your employer has CONNED YOU by telling you that they were paying you a wage of X, when in reality it was less than X by the amount of your 401k contribution amount. Go sit down and figure it out. Back out your 401K contributions off the top of your pay as if they never existed. THAT is your actual wage, if your employer refuses to let you out. Would you have ever agreed to work for that wage?
For those of you who come out on the other side of this collapse and war, you must always remember that if an asset is not FULLY liquid and available to you, then it isn't really yours at all, and you have to assume that all such arrangements are nefarious and must be rejected.
Posted by Ann Barnhardt - August 3, AD 2012 7:26 PM MST
1. STOP MAKING CONTRIBUTIONS if you haven't already.
2. Liquidate it. Pay the "penalty". Would you rather pay a penalty or have it all stolen? Or possibly replaced with a "government savings account" comprised of Treasury paper which will probably default or be confiscated long before you are ever allowed to "tap it", and will NOT be able to be passed to your heirs should you croak, but will instead be resorbed back into the collective? Oh, and don't bother whining to me about the "tax consequences". Paying income taxes to this satanic baby-killing Christ-hating government is now, absolutely MORTAL SIN. Why, why, why would you pay taxes?
3. If you can't liquidate it, take out a loan on the balance. Take out the maximum possible loan, and then set up the repayment schedule on the longest possible term.
Now, let's talk about all of you out there who are not permitted by your employer to liquidate your 401k. That decision rests with the PLAN ADMINISTRATOR, who is your employer, be it an individual or a board.
What kind soulless, psychopathic monster would refuse to let their own employees have access to their own money? What POSSIBLE reason could there be for a business owner or a board to refuse to fill out a few forms, sign at a few documents and just let people have their own money?
If your employer will not let you out of your 401k, you need to sit down and think long and hard about who you are working for, and why you are working for them, because they are, by definition, bad people.
Finally, what lesson can we learn from this? How about this: If you don't have access to something, if you cannot take physical possession of it, if all you have is someone telling you that they are taking care of your money, which you cannot touch or have access to - THEN IT ISN'T YOUR MONEY, AND IT NEVER WAS. In short, you have been conned.
If your employer won't let you liquidate your 401k, that means that your employer has CONNED YOU by telling you that they were paying you a wage of X, when in reality it was less than X by the amount of your 401k contribution amount. Go sit down and figure it out. Back out your 401K contributions off the top of your pay as if they never existed. THAT is your actual wage, if your employer refuses to let you out. Would you have ever agreed to work for that wage?
For those of you who come out on the other side of this collapse and war, you must always remember that if an asset is not FULLY liquid and available to you, then it isn't really yours at all, and you have to assume that all such arrangements are nefarious and must be rejected.
Wednesday, July 04, 2012
On July 4, 2012 what are we really celebrating? - UPDATES
In the Age of Obama We are celebrating what was....not what really is.
UPDATES:
Gateway Pundit wonders: Will This Be America’s Last Independence Day?
And from Ann Barnhardt:I will not be celebrating Independence Day tomorrow, because to do so would be utterly hypocritical and a lie. The First Republic is dead, and to pretend that it isn’t only feeds and enables the usurpers and tyrants who are desecrating its corpse in order to give themselves the appearance of legitimacy. If I live to see the establishment of the Second American Republic, THAT date will I observe. The Black American Flag, flown in distress, is my flag now.
Labels:
Ann Barnhardt,
Gateway Pundit,
July 4th,
Neville Awards
Wednesday, May 02, 2012
Break a leg
Jesus Will Break Your Leg If He Has To
Posted by Ann Barnhardt - April 30, AD 2012 5:59 PM MST
Oh, how fortuitous. After our discussions about how Marxist-homosexualists have attempted to drain all of the masculinity out of the Church, and also out of Christ Himself, today I find the most wonderful thing via Fr. Z. at Fr. Ray Blake's blog.
The context of Fr. Blake's original piece is about heresy in the Church, but it applies not only to full-blown heretics, but really everyone, because every sin is, in a sense, a heresy.
Fr. Blake's piece here.
Long story short: When a shepherd would go out and search for a lost sheep that had wandered off, when he found the lost lamb, he would BREAK OR DISLOCATE ITS LEG, and then carry it back to the flock on his shoulders. This husbandry technique is called "hobbling." We have all seen that image. Yeah. He wasn't carrying it because it was fun. He was carrying the lamb because he had intentionally crippled it.
Why? Why break the animal's leg? First, to keep it from wandering off again. Second, in order to train it to stay with the flock. While the leg was mending, the lamb would NOT wander off and learned to stay with the fold. This was done not just to protect the straying lamb, but also to protect the rest of the flock. Sheep are very gregarious. If one is heady and heads off on some tangent, the rest of the flock might go after it instead of staying with the shepherd.
You know, KINDA LIKE PEOPLE.
In terms of the actual breaking of the leg, you might be thinking that a broken leg would kill an animal or be massively cruel. You would be wrong. The folks who taught me the cattle business used to herd and drive wild animals like elk and reindeer up on the tundras of Canada. One time they came across a large herd of elk and one of the animals had a totally fractured hind leg. The bone was totally severed and the leg was flopping completely free as the animal ran with the herd on three legs. When they came back to that herd a few weeks later, they spotted the animal, and its leg was almost fully healed. It had a slight deformity, but it was running on the broken leg. The point is that animals have a massive pain tolerance such that their perception of pain is fundamentally different than that of human pain. Additionally, they have a capacity for physical healing that humans likewise do not have. A untreated compound fracture in a human leg would kill the human. But animals are different, so the shepherding technique of breaking or dislocating the leg of a straying lamb would have been standard operating procedure.
I looked this up, and sure enough, up until just within the last century, people understood the symbolism of the Good Shepherd fairly widely, as many people were still involved in animal agriculture on roughly the same technological level as that of 2000 years ago. The Church, and thus the people understood that if God gently guides you back to the fold, but you keep persistently wandering off and being disobedient to God's perfect will, endangering not only yourself but the rest of the flock as well, JESUS WILL PROVERBIALLY BREAK YOUR LEG, hoist you on His shoulders and haul you back to the flock. The alternative would be to let you get eaten by the wolves, and entice the wolves to attack the rest of the flock.
When Jesus says, "I am the Good Shepherd," He MEANS IT. CRACK!
Finally, this also illuminates the prophecy in Numbers 9:12 that the Passover Lamb shall not have any of its bones broken:
Again, this symbolism would have been obvious to previous generations. It is only today that it has been lost. Beware of any clergy today who try to paint Jesus as utterly benign, effette and passive. He is anything but. Jesus will BREAK OUR LEG if that is what is required to get us safely to heaven and save us from the wolves. Priests and bishops would do very, very well to heed this example. The fact that there have been no excommunications in the wake of the pro-abort culture in government, especially now among such "c"atholics as Kathleen Sebilius, Nancy Pelosi, John Kerry, Joe Biden and every member of the Kennedy clan is a testimony to the utterly piss-poor job of shepherding that today's episcopacy is doing. UTTERLY. PISS. POOR.
For the love of God, and in the name of Christ the Good Shepherd, BREAK SOME LEGS! CRACK!
(Isn't this image incredibly moving now that we know the full story and context?)
Posted by Ann Barnhardt - April 30, AD 2012 5:59 PM MST
Oh, how fortuitous. After our discussions about how Marxist-homosexualists have attempted to drain all of the masculinity out of the Church, and also out of Christ Himself, today I find the most wonderful thing via Fr. Z. at Fr. Ray Blake's blog.
The context of Fr. Blake's original piece is about heresy in the Church, but it applies not only to full-blown heretics, but really everyone, because every sin is, in a sense, a heresy.
Fr. Blake's piece here.
Long story short: When a shepherd would go out and search for a lost sheep that had wandered off, when he found the lost lamb, he would BREAK OR DISLOCATE ITS LEG, and then carry it back to the flock on his shoulders. This husbandry technique is called "hobbling." We have all seen that image. Yeah. He wasn't carrying it because it was fun. He was carrying the lamb because he had intentionally crippled it.
Why? Why break the animal's leg? First, to keep it from wandering off again. Second, in order to train it to stay with the flock. While the leg was mending, the lamb would NOT wander off and learned to stay with the fold. This was done not just to protect the straying lamb, but also to protect the rest of the flock. Sheep are very gregarious. If one is heady and heads off on some tangent, the rest of the flock might go after it instead of staying with the shepherd.
You know, KINDA LIKE PEOPLE.
In terms of the actual breaking of the leg, you might be thinking that a broken leg would kill an animal or be massively cruel. You would be wrong. The folks who taught me the cattle business used to herd and drive wild animals like elk and reindeer up on the tundras of Canada. One time they came across a large herd of elk and one of the animals had a totally fractured hind leg. The bone was totally severed and the leg was flopping completely free as the animal ran with the herd on three legs. When they came back to that herd a few weeks later, they spotted the animal, and its leg was almost fully healed. It had a slight deformity, but it was running on the broken leg. The point is that animals have a massive pain tolerance such that their perception of pain is fundamentally different than that of human pain. Additionally, they have a capacity for physical healing that humans likewise do not have. A untreated compound fracture in a human leg would kill the human. But animals are different, so the shepherding technique of breaking or dislocating the leg of a straying lamb would have been standard operating procedure.
I looked this up, and sure enough, up until just within the last century, people understood the symbolism of the Good Shepherd fairly widely, as many people were still involved in animal agriculture on roughly the same technological level as that of 2000 years ago. The Church, and thus the people understood that if God gently guides you back to the fold, but you keep persistently wandering off and being disobedient to God's perfect will, endangering not only yourself but the rest of the flock as well, JESUS WILL PROVERBIALLY BREAK YOUR LEG, hoist you on His shoulders and haul you back to the flock. The alternative would be to let you get eaten by the wolves, and entice the wolves to attack the rest of the flock.
When Jesus says, "I am the Good Shepherd," He MEANS IT. CRACK!
Finally, this also illuminates the prophecy in Numbers 9:12 that the Passover Lamb shall not have any of its bones broken:
They shall not leave any thing thereof until morning, a nor break a bone thereof, they shall observe all the ceremonies of the phase. --Numbers 9:12This was specifically emphasized by John in his Gospel:
For these things were done, that the scripture might be fulfilled: You shall not break a bone of Him. --John 19:36Jesus is the Lamb of God (Agnus Dei), slain for the sins of the world (Qui tollis peccata mundi). He was slain without any of His bones being broken because He is the prefect [sic] Lamb, in perfect union with the Will of the Father, Who never, ever strayed, and thus His bones, in particular His legs, were not broken. If you remember the narrative from Calvary, when Jesus had died on the Cross, the Romans, spurred by an earthquake and the desire to get the three crucified Jews off of Golgotha before the beginning of the Passover (also prophesied in Numbers 9:12 - "They shall not leave any thing thereof until morning"), were ordered to break the legs of the three men in order to hasten death. If their legs were broken, they couldn't hold themselves up on their crosses to breathe, and would thus asphyxiate in a matter of minutes. The two thieves had their legs broken with a cudgel by the Romans. When the Roman came to Christ, he saw that Our Lord was already dead. In order to make sure that Jesus was dead, the Roman, Longinus, took a spear and stabbed Jesus in His side, through to His Heart. This pierced the pericardial sac of water that had formed around His Heart as He went into shock and asphyxiated. Out of Jesus' side poured first water (Baptism) followed by Blood (The Eucharist). So, while the good thief and the bad thief both had their legs broken, Jesus' legs were NOT broken at the last second because He is the perfectly submissive Lamb to the Will of the Father.
Again, this symbolism would have been obvious to previous generations. It is only today that it has been lost. Beware of any clergy today who try to paint Jesus as utterly benign, effette and passive. He is anything but. Jesus will BREAK OUR LEG if that is what is required to get us safely to heaven and save us from the wolves. Priests and bishops would do very, very well to heed this example. The fact that there have been no excommunications in the wake of the pro-abort culture in government, especially now among such "c"atholics as Kathleen Sebilius, Nancy Pelosi, John Kerry, Joe Biden and every member of the Kennedy clan is a testimony to the utterly piss-poor job of shepherding that today's episcopacy is doing. UTTERLY. PISS. POOR.
For the love of God, and in the name of Christ the Good Shepherd, BREAK SOME LEGS! CRACK!
(Isn't this image incredibly moving now that we know the full story and context?)
Wednesday, April 18, 2012
1/10/63: Congressman Albert S. Herlong Jr. of Florida read a list of 45 Communist goals into the Congressional Record
Communism's 45 Goals
Posted by Ann Barnhardt - April 17, AD 2012 7:05 PM MST
Posted without comment. NONE IS NEEDED.
**************************************************
On Jan. 10, 1963, Congressman Albert S. Herlong Jr. of Florida read a
list of 45 Communist goals into the Congressional Record. The list was
derived from researcher Cleon Skousen’s book The Naked Communist1. U.S. should accept coexistence as the only alternative to atomic war.
2. U.S. should be willing to capitulate in preference to engaging in atomic war.
3. Develop the illusion that total disarmament by the U.S. would be a demonstration of "moral strength."
4. Permit free trade between all nations regardless of Communist affiliation and regardless of whether or not items could be used for war.
5. Extend long-term loans to Russia and Soviet satellites.
6. Provide American aid to all nations regardless of Communist domination.
7. Grant recognition of Red China and admission of Red China to the U.N.
8. Set up East and West Germany as separate states in spite of Khrushchev's promise in 1955 to settle the Germany question by free elections under supervision of the U.N.
9. Prolong the conferences to ban atomic tests because the U.S. has agreed to suspend tests as long as negotiations are in progress.
10. Allow all Soviet satellites individual representation in the U.N.
11. Promote the U.N. as the only hope for mankind. If its charter is rewritten, demand that it be set up as a one-world government with its own independent armed forces.
12. Resist any attempt to outlaw the Communist Party.
13. Do away with loyalty oaths.
14. Continue giving Russia access to the U.S. Patent Office.
15. Capture one or both of the political parties in the U.S.
16. Use technical decisions of the courts to weaken basic American institutions, by claiming their activities violate civil rights.
17. Get control of the schools. Use them as transmission belts for Socialism and current Communist propaganda. Soften the curriculum. Get control of teachers associations. Put the party line in textbooks.
18. Gain control of all student newspapers.
19. Use student riots to foment public protests against programs or organizations that are under Communist attack.
20. Infiltrate the press. Get control of book review assignments, editorial writing, policy-making positions.
21. Gain control of key positions in radio, TV & motion pictures.
22. Continue discrediting American culture by degrading all form of artistic expression. An American Communist cell was told to "eliminate all good sculpture from parks and buildings," substituting shapeless, awkward and meaningless forms.
23. Control art critics and directors of art museums. "Our plan is to promote ugliness, repulsive, meaningless art."
24.Eliminate all laws governing obscenity by calling them "censorship" and a violation of free speech and free press.
25. Break down cultural standards of morality by promoting pornography and obscenity in books, magazines, motion pictures, radio and TV.
26. Present homosexuality, degeneracy and promiscuity as "normal, natural and healthy."
27. Infiltrate the churches and replace revealed religion with "social" religion. Discredit the Bible and emphasize the need for intellectual maturity, which does not need a "religious crutch."
28. Eliminate prayer or any phase of religious expression in the schools on the grounds that it violates the principle of "separation of church and state."
29. Discredit the American Constitution by calling it inadequate, old fashioned, out of step with modern needs, a hindrance to cooperation between nations on a worldwide basis.
30. Discredit the American founding fathers. Present them as selfish aristocrats who had no concern for the "common man."
31. Belittle all forms of American culture and discourage the teaching of American history on the ground that it was only a minor part of "the big picture." Give more emphasis to Russian history since the Communists took over.
32. Support any socialist movement to give centralized control over any part of the culture – education, social agencies, welfare programs, mental health clinics, etc.
33. Eliminate all laws or procedures which interfere with the operation of the Communist apparatus.
34. Eliminate the House Committee on Un-American Activities.
35. Discredit and eventually dismantle the FBI.
36. Infiltrate and gain control of more unions.
37. Infiltrate and gain control of big business.
38. Transfer some of the powers of arrest from the police to social agencies. Treat all behavioral problems as psychiatric disorders which no one but psychiatrists can understand or treat.
39. Dominate the psychiatric profession and use mental health laws as a means of gaining coercive control over those who oppose communist goals.
40. Discredit the family as an institution. Encourage promiscuity and easy divorce.
41. Emphasize the need to raise children away from the negative influence of parents. Attribute prejudices, mental blocks and retarding of children to suppressive influence of parents.
42. Create the impression that violence and insurrection are legitimate aspects of the American tradition; that students and special interest groups should rise up and make a "united force" to solve economic, political or social problems.
43. Overthrow all colonial governments before native populations are ready for self-government.
44. Internationalize the Panama Canal.
45. Repeal the Connally Reservation so the U.S. cannot prevent the World Court from seizing jurisdiction over domestic problems. Give the World Court jurisdiction over domestic problems. Give the World Court jurisdiction over nations and individuals alike.
**************************************************
"[This] book is an analysis of a specific section of W. Cleon Skousen's book, "The Naked Communist". Published back in 1958, the section referred to is titled "Current Communist Goals". Skousen, armed with an FBI background, listed what he felt were the top 45 goals of the Communists as of 1958. The terrifying reality is that most, I must repeat, MOST, of their goals have been accomplished. The final nail in the coffin will be if (when ?) Obamacare is fully implemented. The ultimate goal, socialism, is realized by the increase in the size of the Federal Government and healthcare is greater than 1/6 of our entire expenditures."
Thursday, March 15, 2012
Barack Obama passed multiple SocSec numbers WHILE IN THE UNITED STATES SENATE
Pray for Traction
Posted by Ann Barnhardt - March 5, AD 2012 5:21 PM MST
I first posted on Obama's birth certificate being a fraud a couple of hours after it was released. It was obvious within minutes that it was not just a forgery, but a piss-poor forgery obviously done by a 20-something kid working in the White House who had the best knowledge of Photoshop/Illustrator - which wasn't much. The forger was so incompetent that he didn't even flatten the layers. Unreal. I'm no graphics guru, but even I was able to see the layers within hours of the file being released. Heck, you could copy and paste the layers into Microsoft Word. What really impressed me was the sheer number of graphic artists who immediately went online and declared not only that the BC was an obvious forgery, but that they were themselves Obama supporters, but they couldn't overlook the objective evidence that was staring them in the face.
Sheriff Arpaio down in Arizona pleasantly surprised me by not wimping out on this and has called the BC what it is: a forgery.
Finally.
After reading Jack Cashill's work on Obama's fake nativity narrative, here is what I suspect his legal status is. I suspect that Obama was in fact born in Kenya and later gained Indonesian citizenship, but is NOT a U.S. citizen today, and probably never was. I wasn't always in that camp. I initially suspected that he was born in Hawaii, but that his real BC had some unsavory data on it that he wanted hidden. I don't think that is the case anymore. The hospitals have NOTHING, he obviously has no Hawaiian BC, and Cashill's work shows that Stanley Ann Dunham was enrolled, living and present with eyewitnesses, at the University of Washington within a couple of weeks of Obama's purported birth date in August of '61.
I think Stanley Ann was deluded enough to believe that Barack Sr. and she were going to be the Communist dictators of Kenya (a la Juan and Eva Peron in Argentina), and thus flew to Kenya with the intent of presenting herself to Barack Sr.'s family like some sort of pathetic Communist princess, and birthing the child in Kenya. She was soundly rejected by Obama's family for being white, and after giving birth was sent packing, with her half-breed child, by her putative in-laws. I suspect she flew not to Hawaii, but straight to Washington State where the Dunhams had lived and were well-connected, and was set up at UW. Granny Dunham then went to the local records office in Hawaii and remotely registered Barry's birth with some fake data about Stanley and Barack Sr. living together (which was common in Hawaii in those days - Hawaiian birth registrations were easy to acquire to the point of being absurd and criminal). This is what generated the automated newspaper birth announcements.
A few years later, Obama was adopted by Lolo Soetero in Indonesia. All Indonesian adoptions REQUIRED that the child be made an Indonesian citizen. Therefore, whatever Barry was before that, he was now an Indonesian citizen, and thus today is an Indonesian national, and likely attended Occidental College as an Indonesian national, and traveled to Pakistan in the early 1980s on an Indonesian passport.
Later, after Stanley Ann had dumped her son that she never really wanted on her Communist parents back in Hawaii, Granny Dunham, who just happened to be working in the local PROBATE OFFICE and thus had access to all of the Social Security numbers of old folks who retired to Hawaii and died, snatched the SocSec number of a fellow from Connecticut and gave it to Barry. This is one of the numerous SocSec numbers Barry has used over the years - which is very, very common amongst hard-core Communists. In fact, Barry passed TWO SocSec numbers IN WASHINGTON D.C. after being elected to the U.S. Senate. He passed the Connecticut SocSec number beginning with 042 when he rented an apartment on Massachusetts Ave. in 2005. In 2008, he used a SocSec number beginning with 282 when he moved closer to the Hart Senate Office Building.
Stop and think about that for a minute. Barack Obama passed multiple SocSec numbers WHILE IN THE UNITED STATES SENATE. One of the reasons that we are totally and completely screwed is because the intel services, namely the FBI, CIA, NSA and Secret Service absolutely, positively know that Obama is using fake I.D. Either they are totally incompetent, or they are complicit. And they're not incompetent, so that leaves complicit.
Finally, Obama's Selective Service registration card is a laughably bad forgery, too. As you will see in the videos below, the forgers, needing to fake a 1980 stamp date, could only take a 2008 stamp, cut it in half with a razor blade, turn the "08" upside down and stamp "80". It is obvious what they did, and it is also laughable in that all Post Office stamps are 4-digit years by law. Oops. I guess they couldn't find an old "19".
As I have been saying for years, Barack Obama, or whatever his name is, needs to be arrested and tried as a non-state, non-uniformed enemy belligerent for overthrowing the government of the United States and waging war against the United States of America, and upon conviction housed for the rest of his life in solitary confinement at the supermax Federal Pen in Florence, CO . . . AT MINIMUM. It seems to me that the penalty for engaging in war against the United States of America carries a stiffer sentence than life in prison, and I would be fully in favor of that sentence being carried out. The man has committed the single greatest crime in the history of this nation, and let justice be done upon him.
Videos below:
Pray for Traction (All of the Videos)
Posted by Ann Barnhardt - March 5, AD 2012 5:19 PM MST
Posted by Ann Barnhardt - March 5, AD 2012 5:21 PM MST
I first posted on Obama's birth certificate being a fraud a couple of hours after it was released. It was obvious within minutes that it was not just a forgery, but a piss-poor forgery obviously done by a 20-something kid working in the White House who had the best knowledge of Photoshop/Illustrator - which wasn't much. The forger was so incompetent that he didn't even flatten the layers. Unreal. I'm no graphics guru, but even I was able to see the layers within hours of the file being released. Heck, you could copy and paste the layers into Microsoft Word. What really impressed me was the sheer number of graphic artists who immediately went online and declared not only that the BC was an obvious forgery, but that they were themselves Obama supporters, but they couldn't overlook the objective evidence that was staring them in the face.
Sheriff Arpaio down in Arizona pleasantly surprised me by not wimping out on this and has called the BC what it is: a forgery.
Finally.
After reading Jack Cashill's work on Obama's fake nativity narrative, here is what I suspect his legal status is. I suspect that Obama was in fact born in Kenya and later gained Indonesian citizenship, but is NOT a U.S. citizen today, and probably never was. I wasn't always in that camp. I initially suspected that he was born in Hawaii, but that his real BC had some unsavory data on it that he wanted hidden. I don't think that is the case anymore. The hospitals have NOTHING, he obviously has no Hawaiian BC, and Cashill's work shows that Stanley Ann Dunham was enrolled, living and present with eyewitnesses, at the University of Washington within a couple of weeks of Obama's purported birth date in August of '61.
I think Stanley Ann was deluded enough to believe that Barack Sr. and she were going to be the Communist dictators of Kenya (a la Juan and Eva Peron in Argentina), and thus flew to Kenya with the intent of presenting herself to Barack Sr.'s family like some sort of pathetic Communist princess, and birthing the child in Kenya. She was soundly rejected by Obama's family for being white, and after giving birth was sent packing, with her half-breed child, by her putative in-laws. I suspect she flew not to Hawaii, but straight to Washington State where the Dunhams had lived and were well-connected, and was set up at UW. Granny Dunham then went to the local records office in Hawaii and remotely registered Barry's birth with some fake data about Stanley and Barack Sr. living together (which was common in Hawaii in those days - Hawaiian birth registrations were easy to acquire to the point of being absurd and criminal). This is what generated the automated newspaper birth announcements.
A few years later, Obama was adopted by Lolo Soetero in Indonesia. All Indonesian adoptions REQUIRED that the child be made an Indonesian citizen. Therefore, whatever Barry was before that, he was now an Indonesian citizen, and thus today is an Indonesian national, and likely attended Occidental College as an Indonesian national, and traveled to Pakistan in the early 1980s on an Indonesian passport.
Later, after Stanley Ann had dumped her son that she never really wanted on her Communist parents back in Hawaii, Granny Dunham, who just happened to be working in the local PROBATE OFFICE and thus had access to all of the Social Security numbers of old folks who retired to Hawaii and died, snatched the SocSec number of a fellow from Connecticut and gave it to Barry. This is one of the numerous SocSec numbers Barry has used over the years - which is very, very common amongst hard-core Communists. In fact, Barry passed TWO SocSec numbers IN WASHINGTON D.C. after being elected to the U.S. Senate. He passed the Connecticut SocSec number beginning with 042 when he rented an apartment on Massachusetts Ave. in 2005. In 2008, he used a SocSec number beginning with 282 when he moved closer to the Hart Senate Office Building.
Stop and think about that for a minute. Barack Obama passed multiple SocSec numbers WHILE IN THE UNITED STATES SENATE. One of the reasons that we are totally and completely screwed is because the intel services, namely the FBI, CIA, NSA and Secret Service absolutely, positively know that Obama is using fake I.D. Either they are totally incompetent, or they are complicit. And they're not incompetent, so that leaves complicit.
Finally, Obama's Selective Service registration card is a laughably bad forgery, too. As you will see in the videos below, the forgers, needing to fake a 1980 stamp date, could only take a 2008 stamp, cut it in half with a razor blade, turn the "08" upside down and stamp "80". It is obvious what they did, and it is also laughable in that all Post Office stamps are 4-digit years by law. Oops. I guess they couldn't find an old "19".
As I have been saying for years, Barack Obama, or whatever his name is, needs to be arrested and tried as a non-state, non-uniformed enemy belligerent for overthrowing the government of the United States and waging war against the United States of America, and upon conviction housed for the rest of his life in solitary confinement at the supermax Federal Pen in Florence, CO . . . AT MINIMUM. It seems to me that the penalty for engaging in war against the United States of America carries a stiffer sentence than life in prison, and I would be fully in favor of that sentence being carried out. The man has committed the single greatest crime in the history of this nation, and let justice be done upon him.
Videos below:
Pray for Traction (All of the Videos)
Posted by Ann Barnhardt - March 5, AD 2012 5:19 PM MST
Obama Regime has mandated that Americans MUST fund abortion by exactly one dollar per month
Posted by Ann Barnhardt - March 14, AD 2012 11:09 PM MST
...this is establishing a mandate that everyone bend their knee and submit to Caesar Tyrannus Obama who demands worship in the form of child sacrifice. They are trying to make every single person turn their back on God and engage in communal child sacrifice.Caesar Tyrannus Obama, I Will Not Submit
Saturday, February 25, 2012
"The greatest trick the devil ever pulled was convincing the world he didn't exist."
The Greatest Trick the Devil Ever Pulled . . . 1
Posted by Ann Barnhardt - February 23, AD 2012 10:47 PM MST
Lent began yesterday [2/22/12] and it is now that we recall Christ’s 40 day fast in the desert wherein He was tempted by satan.
I have zero engagement with the presidential election cycle and see nothing of it except the headlines. If you haven’t figured it out yet, the Republican primaries are pure theater designed to serve as a distraction for the intellectual caste one step above the American Idol and Ballroom Dancing crowd. It is all bread and circuses, just with 15-20 more I.Q. points. If you are falling for any of it, and are on “So-and-so’s team” as opposed to “Whosis’ team”, you should be embarrassed. Especially you Ron Paul people. Your faux-savior and Mitt Romney fall asleep in each other’s proverbial embrace with Paul looking up at Romney and whispering, “Make Rand VP and I’ll do . . . anything.” And then Mitt kisses him on the temple and they giggle and have a ticklefight. Yeah, that’s your savior of the Republic. Embarrassed much?
Anyway, I saw the headlines about people jumping all over Santorum for saying that satan was attacking the United States, with the implication being that no serious person actually believes in satan, and that’s all for the slackjawed idiots and dimwitted children or something. And yet, most of these people, if asked, would claim to be Christians. Apparently just not the “stupid kind” of Christian who “actually believes any of that shit in the Bible.” There I go using the language again, but that’s the only way I can get most of you people to comprehend anything. What I just said is EXACTLY what Christianity is today, and is exactly what the tyrant Obama is now explicitly enforcing – or attempting to enforce. You can claim to be a Christian just as long as you “don’t actually believe any of that shit.” If you actually believe any of it, you’re “insane”or “stupid” and will be ridiculed mercilessly until you are driven completely out of the public sphere; and now with ObamaCare, if you actually believe in Christianity and live that belief, then you will be breaking the law.
Is satan real? Of course. I did a quick keyword search and the word “satan” appears in the Bible 46 times, with all but 13 of those instances being in the New Testament, with 12 of those being quotes of Jesus Himself speaking. The word “devil” or “devils” appears 106 times, with all but four of those being in the New Testament. The word “serpent” references satan five times in the book of Genesis. Now I fully realize that this evidence means nothing to atheists. Fine, fine. That’s not who I’m talking about. I’m talking about MOST CHRISTIANS, or should I say, people who IDENTIFY as Christians, who scoff at the notions of satan, hell, sin, or even the concept of evil. These people have been taught by the Marxist infiltrators that there is no truth, only differing perspectives. There is no “sin”, only “deeply personal decisions of equal merit.” They have been taught that there is no such thing as evil, only “diversity” which is to be “tolerated” and now elevated and celebrated at all costs. Therefore, the notion of a being who is pure evil, hates humanity, and is active and afoot in the world, influencing people and events, is completely untenable for these people. Nevermind the 157 specific mentions of said entity and his army in the Bible, with almost 90% of those mentions being in the New Testament. Yeah, I guess Jesus must be a stupid idiot, too. Thank goodness we have the Jesuits and super-fun rockband church to save us from our superstitious redneck idiot of a Savior and His stupid “satan” talk.
Which brings us to Lent. Jesus went into the desert and fasted for 40 days, and was thrice tempted by satan. Interestingly, the three temptations match up exactly with Marxism, and really all totalitarian political systems. I’m lifting heavily from Fulton Sheen’s “Life of Christ” here, and recommend buying this book for your home library. Read Matthew chapter 4 to review the Temptation narrative.
Temptation number one from satan was telling Jesus to turn stones into bread. This is the Marxist ploy of winning the mob by giving them free stuff, and equating material abundance with salvation. Given what has happened economically over the last 50 years, and in particular the political mindset today of the government magically providing abundance for the people by blowing an enormous, unsustainable debt bubble that is going to destroy everything, can we not see the parallel?
The Greatest Trick the Devil Ever Pulled . . . 2
Posted by Ann Barnhardt - February 23, AD 2012 10:47 PM MST
The second temptation of Christ by satan was to win the mob via pride, vanity and egomania. In the case of Christ, the temptation was to perform an actual public demonstration of His divinity so that no one would have any choice but know that He was God. In the case of Marxists, it is to con people into believing that they will work miracles, and that they are “god”. Uh, do I even have to write the rest of this section? Seriously. Greek columns. Receding oceans. Quoting now one Peggy Joseph:
The third temptation of Christ by satan was the temptation to compromise and parley with evil. Satan told Jesus that he would give him the world, if Jesus would only bow down and serve him. Obama has offered to lift 100% of the financial burden of caring for the indigent sick off of the Church, if the Church will only bow down and declare the Marxist doctrine that all sex is purely animal by accepting and paying for contraception and sterilization, and all human life is animal by accepting and paying for abortion. The bishops today would do well to heed Fulton Sheen’s interpretation of Christ’s response to satan:
Posted by Ann Barnhardt - February 23, AD 2012 10:47 PM MST
Lent began yesterday [2/22/12] and it is now that we recall Christ’s 40 day fast in the desert wherein He was tempted by satan.
I have zero engagement with the presidential election cycle and see nothing of it except the headlines. If you haven’t figured it out yet, the Republican primaries are pure theater designed to serve as a distraction for the intellectual caste one step above the American Idol and Ballroom Dancing crowd. It is all bread and circuses, just with 15-20 more I.Q. points. If you are falling for any of it, and are on “So-and-so’s team” as opposed to “Whosis’ team”, you should be embarrassed. Especially you Ron Paul people. Your faux-savior and Mitt Romney fall asleep in each other’s proverbial embrace with Paul looking up at Romney and whispering, “Make Rand VP and I’ll do . . . anything.” And then Mitt kisses him on the temple and they giggle and have a ticklefight. Yeah, that’s your savior of the Republic. Embarrassed much?
Anyway, I saw the headlines about people jumping all over Santorum for saying that satan was attacking the United States, with the implication being that no serious person actually believes in satan, and that’s all for the slackjawed idiots and dimwitted children or something. And yet, most of these people, if asked, would claim to be Christians. Apparently just not the “stupid kind” of Christian who “actually believes any of that shit in the Bible.” There I go using the language again, but that’s the only way I can get most of you people to comprehend anything. What I just said is EXACTLY what Christianity is today, and is exactly what the tyrant Obama is now explicitly enforcing – or attempting to enforce. You can claim to be a Christian just as long as you “don’t actually believe any of that shit.” If you actually believe any of it, you’re “insane”or “stupid” and will be ridiculed mercilessly until you are driven completely out of the public sphere; and now with ObamaCare, if you actually believe in Christianity and live that belief, then you will be breaking the law.
Is satan real? Of course. I did a quick keyword search and the word “satan” appears in the Bible 46 times, with all but 13 of those instances being in the New Testament, with 12 of those being quotes of Jesus Himself speaking. The word “devil” or “devils” appears 106 times, with all but four of those being in the New Testament. The word “serpent” references satan five times in the book of Genesis. Now I fully realize that this evidence means nothing to atheists. Fine, fine. That’s not who I’m talking about. I’m talking about MOST CHRISTIANS, or should I say, people who IDENTIFY as Christians, who scoff at the notions of satan, hell, sin, or even the concept of evil. These people have been taught by the Marxist infiltrators that there is no truth, only differing perspectives. There is no “sin”, only “deeply personal decisions of equal merit.” They have been taught that there is no such thing as evil, only “diversity” which is to be “tolerated” and now elevated and celebrated at all costs. Therefore, the notion of a being who is pure evil, hates humanity, and is active and afoot in the world, influencing people and events, is completely untenable for these people. Nevermind the 157 specific mentions of said entity and his army in the Bible, with almost 90% of those mentions being in the New Testament. Yeah, I guess Jesus must be a stupid idiot, too. Thank goodness we have the Jesuits and super-fun rockband church to save us from our superstitious redneck idiot of a Savior and His stupid “satan” talk.
Which brings us to Lent. Jesus went into the desert and fasted for 40 days, and was thrice tempted by satan. Interestingly, the three temptations match up exactly with Marxism, and really all totalitarian political systems. I’m lifting heavily from Fulton Sheen’s “Life of Christ” here, and recommend buying this book for your home library. Read Matthew chapter 4 to review the Temptation narrative.
Temptation number one from satan was telling Jesus to turn stones into bread. This is the Marxist ploy of winning the mob by giving them free stuff, and equating material abundance with salvation. Given what has happened economically over the last 50 years, and in particular the political mindset today of the government magically providing abundance for the people by blowing an enormous, unsustainable debt bubble that is going to destroy everything, can we not see the parallel?
The evil spirit was saying, “Start with the primacy of the economic! Forget about sin!” He still says this today in different words, “My Commissar goes into classrooms and asks children to pray to God for bread. And when their prayers are not answered, my Commissar feeds them. The Dictator gives bread; God does not, because there is no God, there is no soul; there is only the body, pleasure, sex, the animal, and when we die, that is the end.” --Life of Christ, page 69This is exactly what Obama is setting up vis a vis the Church. He is counting on the cowardly, faithless bishops to not engage is civil disobedience (go to the Cross), but rather close and/or sell Catholic hospitals. Obama will then point to the Church and say, “See? God will not provide you with healthcare. But I will.” The Obama regime truly is a collective antichrist.
The Greatest Trick the Devil Ever Pulled . . . 2
Posted by Ann Barnhardt - February 23, AD 2012 10:47 PM MST
The second temptation of Christ by satan was to win the mob via pride, vanity and egomania. In the case of Christ, the temptation was to perform an actual public demonstration of His divinity so that no one would have any choice but know that He was God. In the case of Marxists, it is to con people into believing that they will work miracles, and that they are “god”. Uh, do I even have to write the rest of this section? Seriously. Greek columns. Receding oceans. Quoting now one Peggy Joseph:
”I'd never thought this day would ever happen. I won't have to worry 'bout putting gas in my car, I won't have to worry 'bout payin' my mortgage. You know, If I help him, he's gonna help me." --Peggy Joseph, October 29, 2008
The truth that would answer this temptation was that faith in God must never contradict reason. --Life of Christ, page 73Everything that the Obama regime says and does in the economic sphere is totally and completely contrary to reason, most particularly elementary mathematical reason. The government cannot spend more than it takes in and ever, ever reduce, much less eliminate debt. The Obama regime is a collective antichrist.
The third temptation of Christ by satan was the temptation to compromise and parley with evil. Satan told Jesus that he would give him the world, if Jesus would only bow down and serve him. Obama has offered to lift 100% of the financial burden of caring for the indigent sick off of the Church, if the Church will only bow down and declare the Marxist doctrine that all sex is purely animal by accepting and paying for contraception and sterilization, and all human life is animal by accepting and paying for abortion. The bishops today would do well to heed Fulton Sheen’s interpretation of Christ’s response to satan:
”I shall tell them that it profits them nothing to win the whole world if they lose their immortal souls. You may keep your kingdoms for the moment. Better the loss of all your kingdoms, of the whole world even, than the loss of a single soul! The kingdoms of the world must be elevated to the Kingdom of God; the Kingdom of God will not be dragged down to the kingdoms of the world. All I now want of this earth is a place large enough to erect a Cross; there I shall let you unfurl Me before the crossroads of your world!” --Life of Christ, pages 77-78.The Obama regime is truly, truly a collective antichrist, and must be fought, denied and utterly rejected as such. Of this, have no doubt whatsoever: satan is real, and he is spending a hell of a lot of time in Washington D.C. these days.
"The greatest trick the devil ever pulled was convincing the world he didn't exist."
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Thursday, February 16, 2012
Jesus rejects ZIRP (it's in the Bible)
Jesus Rejects ZIRP. It's In The Bible. (Part 1)
Posted by Ann Barnhardt - February 14, AD 2012 9:02 PM MST
ZIRP stands for "Zero Interest Rate Policy."
There is a lot of misunderstanding out in the world about the charging of interest. The nutball anti-Semites would have you believe that ALL banking and finance is an immoral activity and construct of the JOOOOOOZ. Those people are also stupid, and many of them are genuinely psychiatrically ill. Have I ever mentioned how much insanity and evil lands in my email box? Yeah. Quite a bit. Thanks be to God that He made me the steely, obdurate battle-ax that I am, so that I can laugh at that garbage rather than get all squishy and sensitive about it.
Super-fun rockband church is too busy drooling on its shirt and watching the flashing lights to even consider such non-canine-level concepts.
The distinction that needs to be made here is between interest and usury. Usury, in the modern sense of the word, is the charging of obscenely high interest rates, and is often directed at those who are desperate - so not only is usury screwing people, it is screwing people who are, for whatever reason, exceptionally vulnerable. Yeah. That's evil. However, in the ancient origins of the word, “usury” referred to any interest, even fair interest rates. Keep that in mind for later.
The charging of interest is NOT evil or sinful. In fact, interest is utterly essential to a healthy, moral economy. Here's the deal. Money is the device that men use to give value to their capacity to produce - whether that production be the production of a clean toilet in a Burger King by getting down on one's knees and scrubbing the thing with a brush, or the production of a new life-saving drug or revolutionary device. From toilet scrubbing to cars or laptops, it is all production of a good, borne from human drive, energy, action and reason. Further, money is an inherently hopeful and socially unitive thing. Money requires that men trust in each other, and hope in each other's goodness and honesty not just in the present, but also into the future.
Why do you think the evil satanic Marxists who have now taken over this country are doing everything they can to debase and destroy the currency? Because they want to utterly destroy social cohesion. They want to literally break our spirits. They want to break us of any independent drive to action or productivity. They want to sap us of all of our creative energy. They want us to stop trusting in each other. Why? So that THEY will be the only thing anyone can turn to. THEY want to be the SOURCE of production, and thus THEY will be in control of all wages, earnings and, ultimately, all wealth. They want all creative energy to serve one end: THEM and THEIR PERSONAL WEALTH. They want everyone sniping and mistrustful of everyone else so that while we are busy fighting with each other we won't notice that THEY are raping us mercilessly and unceasingly. They want us to stop hoping and just give up.
I'm just paraphrasing Francisco d'Anconia's speech on money from "Atlas Shrugged." Here is a link to the excerpt. READ IT. And spare me the emails claiming that to quote Rand is to deny Christ. Yes, she was an atheist, but don’t you think that God is powerful enough to reveal Himself through atheists, too? If you don’t believe that is possible, then you need to give up pretty much everything in your life that has any origin in any mathematics or physics discoveries of the last 100+ years. Including all medical imaging and computers. To start. Don’t be obtuse.
Now back to interest rates. Now that we know what money actually is, namely an exchangeable, fungible representation of man's capacity to create and produce, we can easily understand what the TIME VALUE OF MONEY is.
If you are going to let someone else use your money for a period of time, you will, by definition, NOT get to use that money yourself. Thus, you are giving up something very real in loaning your money out, and you need to be reasonably compensated for what you are giving up. This is the TIME VALUE OF MONEY, or "interest".
Let's take some of my cattlemen clients. They know how to generate a consistent return on their money by trading cattle. For the sake of simplicity, let's call that rate of return 10% per year (my yound Jedi Padawan in Nebraska who has seen a triple-digit return over the last year is laughing his Jedi keister off right now). If they would loan their money to a bank in the form of a certificate of deposit, they would be losing a fortune. Why? Because the bank would only pay 1% on a one-year CD, and my guys could make 10%. They would be squandering the TIME VALUE of their money.
So, what ZIRP, or zero interest rate policy, which is what the evil Federal Reserve has done since 2008, is to effectively declare that our money is worthless – completely independent of the whole gold standard/fiat currency argument. That isn’t even what we’re talking about here. Money has no time value. Think about that. Your human capacity to produce has no time value. Loan someone all of the money that you earned working for the last year. Let them use that money for a year. When it is time to pay it back, you will get exactly what you started with back, MINUS ONE YEAR OF YOUR LIFE and all of the productivity and innovation that could have happened in that year. This is intentional. The objective of ZIRP is NOT to stimulate the economy. The objective of ZIRP is to grind the economy to a halt so that there is no private investment or entrepreneurship - only fascistic government raping of the public coffers and exponentially increasing public dependence on the government. Hello? What do you think all of this solar panel bee-ess is about? Do you think that has ANYTHING to do with energy production or "global warming?" Give me a break. It is looting – pure, unadulterated LOOTING.
Jesus Rejects ZIRP. It's In The Bible. (Part 2)
Posted by Ann Barnhardt - February 14, AD 2012 9:01 PM MST
What has been the byproduct of ZIRP coupled with the intense debasement of the currency itself via quantitative easing? INFLATING commodity prices with simultaneously DEFLATING wages. It’s a perfect storm – exactly what they want. News broke this week that gasoline, and really ALL energy consumption is tanking. We are using far less gas than we were four years ago, and yet prices are climbing. Why? Because we have given up. The time value of our money is zero according to the government, will stay at zero for years to come according to the government, and thus people have just . . . stopped. Why do anything now if what I do isn’t really worth anything? Why strive to produce when I know that the fruits of my production will generate no significant return if invested? In fact, why do anything if the only thing I can be sure of is that if I have any degree of success with my investments, I will be taxed and regulated back into breaking even at best and failing at worst? ZIRP essentially says: IT’S NOT WORTH IT. JUST SIT ON THE COUCH. IT'S THE SAME DIFFERENCE IN THE END.
Meanwhile, capital is flowing into physical commodities in order to provide a hedge against the inflation that is the inevitable consequence of printing trillions and trillions of dollars AND as a speculative investment vehicle for those people who are looking for any sort of reasonable return on their money over time, which they CAN’T get in the conventional money market. Thus, we have the price of gas going up while demand is tanking. The same goes for my market: beef. Why do you think the price of beef is skyrocketing? Do you think it is because people are beating down the doors at Morton’s of Chicago and other steakhouses? Hardly. Food prices are inflating while wages tank for exactly the same reasons outlined above.
Eventually, the government and the financial system will collapse. When that happens and the Federal Reserve is no longer able to synthetically hold interest rates at zero and people look around and realize that our money is worthless smoke and mirrors, the rubber band will snap and we will see the dollar finally die via hyperinflation like that seen in Weimar Germany. I heard a story about Weimar Germany last week that I have to share. A man had a wheelbarrow filled with cash that he took to the market. He stepped into a storefront to purchase something and left the wheelbarrow filled with cash just outside the door because it wouldn’t fit inside. He wasn’t inside but for a few seconds. When he stepped back out, the money was all lying on the ground – but the wheelbarrow was gone. True story. Think about that.
Now to the Jesus bit, and you financial people don’t bug out, because this is really quite interesting. Go to Matthew 25:14-30 and read the Parable of the Talents. A “talent” is a currency unit, FYI. In a nutshell, Jesus tells of three servants who are entrusted by their master with a sum of money. The first goes out, invests his five talents, and is able to return the principle plus five more – a 100% return on investment. The second likewise generates a 100% ROI in the two talents he was given. The third merely buried the one talent he was given and returned the principle with zero interest. Now listen to the words of Christ speaking to the third servant. It’s amazing:
Of course it is a metaphor, that is the point of PARABLES, to convey deeper meaning using everyday examples. But here is the point that so many pridefully, and moronically, miss:
Our Lord would never, ever use an evil activity in order to illustrate a virtuous activity. He would never use a lie to illustrate TRUTH. If all usury (in the ancient sense of any charging and paying of interest) was truly evil, He would not, He COULD NOT use that evil activity as a metaphor for a virtue. Do you see this? Do you understand? If you’re fighting this obvious, glaring truth, then the reality is most likely that you are so completely consumed with anti-Semitism, and are so personally invested in Jew-hatred and blaming the Jews, via the banking industry, for EVERYTHING that you are literally mentally impaired by that hate, because this is stark black and white truth. Are there bad Jews? Of course. But there are bad Christians, too. Like . . . Jon Corzine, who is ethnically Christian. As is Hank Paulson. As is Timmy Geithner. As is Paul Volcker. Oh, we’re ALL responsible for this mess. Every one of us who have sat by and let it get this out of control. Every one of us who have gleefully leveraged ourselves into this debt, every one of us who have consumed the bread-and-circuses “entertainment”, every one of us who have sat passively while 56,000,000 children were slaughtered and said not a word, and obediently paid our taxes. Oh, yes, the guilt is most assuredly collective, so spare me your anti-Semitic filth.
Couple the glaring scriptural evidence with the Randian explanation of the essence of money, and how money is directly tied to the dignity of the individual human being, and finally cross-reference both of these points to the obvious damage that ZIRP is doing to the global economy, and there you have it. Jesus rejects ZIRP. It’s in the Bible.
Posted by Ann Barnhardt - February 14, AD 2012 9:02 PM MST
ZIRP stands for "Zero Interest Rate Policy."
There is a lot of misunderstanding out in the world about the charging of interest. The nutball anti-Semites would have you believe that ALL banking and finance is an immoral activity and construct of the JOOOOOOZ. Those people are also stupid, and many of them are genuinely psychiatrically ill. Have I ever mentioned how much insanity and evil lands in my email box? Yeah. Quite a bit. Thanks be to God that He made me the steely, obdurate battle-ax that I am, so that I can laugh at that garbage rather than get all squishy and sensitive about it.
Super-fun rockband church is too busy drooling on its shirt and watching the flashing lights to even consider such non-canine-level concepts.
The distinction that needs to be made here is between interest and usury. Usury, in the modern sense of the word, is the charging of obscenely high interest rates, and is often directed at those who are desperate - so not only is usury screwing people, it is screwing people who are, for whatever reason, exceptionally vulnerable. Yeah. That's evil. However, in the ancient origins of the word, “usury” referred to any interest, even fair interest rates. Keep that in mind for later.
The charging of interest is NOT evil or sinful. In fact, interest is utterly essential to a healthy, moral economy. Here's the deal. Money is the device that men use to give value to their capacity to produce - whether that production be the production of a clean toilet in a Burger King by getting down on one's knees and scrubbing the thing with a brush, or the production of a new life-saving drug or revolutionary device. From toilet scrubbing to cars or laptops, it is all production of a good, borne from human drive, energy, action and reason. Further, money is an inherently hopeful and socially unitive thing. Money requires that men trust in each other, and hope in each other's goodness and honesty not just in the present, but also into the future.
Why do you think the evil satanic Marxists who have now taken over this country are doing everything they can to debase and destroy the currency? Because they want to utterly destroy social cohesion. They want to literally break our spirits. They want to break us of any independent drive to action or productivity. They want to sap us of all of our creative energy. They want us to stop trusting in each other. Why? So that THEY will be the only thing anyone can turn to. THEY want to be the SOURCE of production, and thus THEY will be in control of all wages, earnings and, ultimately, all wealth. They want all creative energy to serve one end: THEM and THEIR PERSONAL WEALTH. They want everyone sniping and mistrustful of everyone else so that while we are busy fighting with each other we won't notice that THEY are raping us mercilessly and unceasingly. They want us to stop hoping and just give up.
I'm just paraphrasing Francisco d'Anconia's speech on money from "Atlas Shrugged." Here is a link to the excerpt. READ IT. And spare me the emails claiming that to quote Rand is to deny Christ. Yes, she was an atheist, but don’t you think that God is powerful enough to reveal Himself through atheists, too? If you don’t believe that is possible, then you need to give up pretty much everything in your life that has any origin in any mathematics or physics discoveries of the last 100+ years. Including all medical imaging and computers. To start. Don’t be obtuse.
Now back to interest rates. Now that we know what money actually is, namely an exchangeable, fungible representation of man's capacity to create and produce, we can easily understand what the TIME VALUE OF MONEY is.
If you are going to let someone else use your money for a period of time, you will, by definition, NOT get to use that money yourself. Thus, you are giving up something very real in loaning your money out, and you need to be reasonably compensated for what you are giving up. This is the TIME VALUE OF MONEY, or "interest".
Let's take some of my cattlemen clients. They know how to generate a consistent return on their money by trading cattle. For the sake of simplicity, let's call that rate of return 10% per year (my yound Jedi Padawan in Nebraska who has seen a triple-digit return over the last year is laughing his Jedi keister off right now). If they would loan their money to a bank in the form of a certificate of deposit, they would be losing a fortune. Why? Because the bank would only pay 1% on a one-year CD, and my guys could make 10%. They would be squandering the TIME VALUE of their money.
So, what ZIRP, or zero interest rate policy, which is what the evil Federal Reserve has done since 2008, is to effectively declare that our money is worthless – completely independent of the whole gold standard/fiat currency argument. That isn’t even what we’re talking about here. Money has no time value. Think about that. Your human capacity to produce has no time value. Loan someone all of the money that you earned working for the last year. Let them use that money for a year. When it is time to pay it back, you will get exactly what you started with back, MINUS ONE YEAR OF YOUR LIFE and all of the productivity and innovation that could have happened in that year. This is intentional. The objective of ZIRP is NOT to stimulate the economy. The objective of ZIRP is to grind the economy to a halt so that there is no private investment or entrepreneurship - only fascistic government raping of the public coffers and exponentially increasing public dependence on the government. Hello? What do you think all of this solar panel bee-ess is about? Do you think that has ANYTHING to do with energy production or "global warming?" Give me a break. It is looting – pure, unadulterated LOOTING.
Jesus Rejects ZIRP. It's In The Bible. (Part 2)
Posted by Ann Barnhardt - February 14, AD 2012 9:01 PM MST
What has been the byproduct of ZIRP coupled with the intense debasement of the currency itself via quantitative easing? INFLATING commodity prices with simultaneously DEFLATING wages. It’s a perfect storm – exactly what they want. News broke this week that gasoline, and really ALL energy consumption is tanking. We are using far less gas than we were four years ago, and yet prices are climbing. Why? Because we have given up. The time value of our money is zero according to the government, will stay at zero for years to come according to the government, and thus people have just . . . stopped. Why do anything now if what I do isn’t really worth anything? Why strive to produce when I know that the fruits of my production will generate no significant return if invested? In fact, why do anything if the only thing I can be sure of is that if I have any degree of success with my investments, I will be taxed and regulated back into breaking even at best and failing at worst? ZIRP essentially says: IT’S NOT WORTH IT. JUST SIT ON THE COUCH. IT'S THE SAME DIFFERENCE IN THE END.
Meanwhile, capital is flowing into physical commodities in order to provide a hedge against the inflation that is the inevitable consequence of printing trillions and trillions of dollars AND as a speculative investment vehicle for those people who are looking for any sort of reasonable return on their money over time, which they CAN’T get in the conventional money market. Thus, we have the price of gas going up while demand is tanking. The same goes for my market: beef. Why do you think the price of beef is skyrocketing? Do you think it is because people are beating down the doors at Morton’s of Chicago and other steakhouses? Hardly. Food prices are inflating while wages tank for exactly the same reasons outlined above.
Eventually, the government and the financial system will collapse. When that happens and the Federal Reserve is no longer able to synthetically hold interest rates at zero and people look around and realize that our money is worthless smoke and mirrors, the rubber band will snap and we will see the dollar finally die via hyperinflation like that seen in Weimar Germany. I heard a story about Weimar Germany last week that I have to share. A man had a wheelbarrow filled with cash that he took to the market. He stepped into a storefront to purchase something and left the wheelbarrow filled with cash just outside the door because it wouldn’t fit inside. He wasn’t inside but for a few seconds. When he stepped back out, the money was all lying on the ground – but the wheelbarrow was gone. True story. Think about that.
Now to the Jesus bit, and you financial people don’t bug out, because this is really quite interesting. Go to Matthew 25:14-30 and read the Parable of the Talents. A “talent” is a currency unit, FYI. In a nutshell, Jesus tells of three servants who are entrusted by their master with a sum of money. The first goes out, invests his five talents, and is able to return the principle plus five more – a 100% return on investment. The second likewise generates a 100% ROI in the two talents he was given. The third merely buried the one talent he was given and returned the principle with zero interest. Now listen to the words of Christ speaking to the third servant. It’s amazing:
Wicked and slothful servant, thou knewest that I reap where I sow not, and gather where I have not strewed: Thou oughtest therefore to have committed my money to the bankers, and at my coming I should have received my own with usury. Take ye away therefore the talent from him, and give it to him that hath ten talents. For to every one that hath shall be given, and he shall abound: but from him that hath not, that also which he seemeth to have shall be taken away. And the unprofitable servant cast ye out into the exterior darkness. There shall be weeping and gnashing of teeth.Dude. Now, what were you saying about the abolition of all interest? Here is where all of the idiot Marxist theologians will wail and moan and say that this passage is a metaphor for the spiritual gifts we have been given AND NOTHING MORE. Uh, wrong.
Of course it is a metaphor, that is the point of PARABLES, to convey deeper meaning using everyday examples. But here is the point that so many pridefully, and moronically, miss:
Our Lord would never, ever use an evil activity in order to illustrate a virtuous activity. He would never use a lie to illustrate TRUTH. If all usury (in the ancient sense of any charging and paying of interest) was truly evil, He would not, He COULD NOT use that evil activity as a metaphor for a virtue. Do you see this? Do you understand? If you’re fighting this obvious, glaring truth, then the reality is most likely that you are so completely consumed with anti-Semitism, and are so personally invested in Jew-hatred and blaming the Jews, via the banking industry, for EVERYTHING that you are literally mentally impaired by that hate, because this is stark black and white truth. Are there bad Jews? Of course. But there are bad Christians, too. Like . . . Jon Corzine, who is ethnically Christian. As is Hank Paulson. As is Timmy Geithner. As is Paul Volcker. Oh, we’re ALL responsible for this mess. Every one of us who have sat by and let it get this out of control. Every one of us who have gleefully leveraged ourselves into this debt, every one of us who have consumed the bread-and-circuses “entertainment”, every one of us who have sat passively while 56,000,000 children were slaughtered and said not a word, and obediently paid our taxes. Oh, yes, the guilt is most assuredly collective, so spare me your anti-Semitic filth.
Couple the glaring scriptural evidence with the Randian explanation of the essence of money, and how money is directly tied to the dignity of the individual human being, and finally cross-reference both of these points to the obvious damage that ZIRP is doing to the global economy, and there you have it. Jesus rejects ZIRP. It’s in the Bible.
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Tuesday, January 24, 2012
SHARIA FINANCE FOR DUMMIES (and boy, are they dumb!)
On Sharia Finance, Blankies and Axe Body Spray
Posted by Ann Barnhardt - January 21, AD 2012 10:46 PM MST
Posted by Ann Barnhardt - January 21, AD 2012 10:46 PM MST
Writing about Sharia finance is oddly refreshing. Why? Because it is a chance to point out the abject stupidity – and guys, we’re talking full-on drooling imbecility here – of islam without anyone getting their head sawed off with a dull Ginsu-II or a child getting raped. Sharia finance is so monumentally stupid that it is actually hysterically funny. Have a few beers around a campfire and I could get you laughing so hard your ribs would ache.>
Sharia finance CLAIMS to be lending without interest, because everyone knows that interest is all a sinister plot hatched by the JOOOOOOZ to keep down the white man. Wait. Keep down the black man. Wait, no. I’m getting so confused. Um, it definitely has something to do with the JOOOOOOZ, and I know this because all of the Ron Paul supporters tell me so. They also tell me that the World Trade Center was brought down by cold fusion-powered government tractor beams. They also tell me that the earthquake we had here in Colorado last year was actually the government (or was it the JOOOOOOOZ?) destroying the secret underground mega-city west of Trinidad, CO (Middle Earth is REALZ, yo!) with nuclear weapons, and that Ron Paul actually is the best friend and savior of the JOOOOOOOZ and if I weren’t such a Jew-loving, Zionist c*** I would see that. My email box is proof that truth is stranger than fiction, and that you really, truly can not make this stuff up. But I digress.
So the entire premise of Sharia finance is that there is NO INTEREST. If you borrow money, it is at zero percent, because the paying of interest is “haram”, which means “forbidden”, according to Sharia law. Got it? Good. Now, let me walk you through the reality of Sharia finance, and I warn you, don’t drink while you’re reading this, because if you do, you stand a good chance of spewing your Dr. Pepper out your nose, and I won’t be responsible for that.
Let’s say a person buys a $150,000 home on a 15 year mortgage at 5%. Purely for the sake of simplicity, let’s just say zero down. The amortization table shows that over those 15 years, or 180 months, at 5% interest, the monthly payment would be $1186.19 and that the total interest expense paid over the life of the mortgage would be $63,514.28. So, principal plus interest would be $213,514.28 for the $150,000 property.
Now here is an “interest-free” Sharia loan scenario. And bear in mind that I am dead serious here. I’m not making this up.
A musloid walks in to a Sharia-compliant lender and tells them that they want to buy a $150,000 property on a 15 year term. The Sharia-compliant lender then looks up what the going INTEREST RATE is. (Uh, Houston, we have a problem.) In our example, it is 5% on a 15 year mortgage. He then calculates the amortization table on a 15 year loan on $150,000 at 5%. (Uh, Houston, we've had some sort of major malfunction here.) He sees that the total interest expense would be $63,514.28. So, the Sharia-compliant lender then offers to buy the property at $150,000 and immediately sell it to the customer for . . . $213,514.28. The customer then sets up a note to repay the $213,514.28 in 180 equal monthly payments of $1186.19 at “zero percent”, because $213,514.28 divided by 180 is $1186.19. Voila! Zero interest!
That’s it. I’m not kidding. I’m not making this up. If I was going to make something up, I would make something up that wasn’t totally, completely, laughably stupid.
Um, soooooo, tell me Mister Musloid, what EXACTLY is the $63,514.28 markup? Uh, isn’t that . . . interest? How was that amount calculated? Uh, didn’t you ping the interest rate market to come up with that number? Yes.
Aren’t you paying the lender for the use of his money over the 15 year term? Yes.
Wouldn’t TRUE zero-interest lending mean that you paid a total of $150,000 for the property, and that your monthly payment would therefore be $150,000 divided by 180 months, or $833.33 per month? Yes.
And if you did a 30 year loan at true zero interest, your monthly payment would be $150,000 divided by 360, or $416.66 per month? Yes. THAT would be zero interest. Sharia finance is “zero interest” about as much as I am a bottle of 1964 Chateau Latour.
Over the Christmas holiday, I had the occasion to be around a two year old while traveling. There was a blanket nearby, and we inevitably fell into the old game of “hide under the blanket”. The toddler would pull the blanket over their head right in front of me, and then I would say, “Hey, where did she go? She was here just a minute ago. She just disappeared!” And then the toddler would pull the blanket off of her head and yell “HERE I AM!” and I would act like I had just witnessed some sort of miraculous manipulation of the fabric of space-time – probably having to do with a secret government cold fusion-powered tractor beam. You know the game. And you also know that toddlers at between the ages of three and four become self-aware, and possess enough cognitive sophistication to be able to perceive and extrapolate how OTHERS perceive THEM. And as soon as that intellectual benchmark is reached, the “hide under the blanket game” no longer works, because the child KNOWS YOU CAN SEE THEM.
This is pretty much the dynamic we are dealing with vis-à-vis the musloids. These people are intellectually and cognitively stunted due to 1400 years of inbreeding. As a result of this, they actually think that this Sharia finance “work around” is somehow valid or legit - AND THAT WE CAN'T SEE IT. They think that we non-musloids look at this and say, “My goodness! Yes . . . yes. That truly is a zero interest mortgage! Why didn’t we think of that?!”
The sad thing is that the politically correct morons who infest our culture think that it is somehow “tolerant” or “promoting diversity” to go along with the musloids and their intellectual retardation. And so, all of the megabanks are furiously scrambling to set up “Sharia-compliant” financial products, when the only appropriate response to such absurdity would be something along the lines of, “DO YOU THINK THAT I’M STUPID? GET THE HELL OUT OF MY OFFICE, AND TAKE YOUR BRAIN-DAMAGED NONSENSE WITH YOU. NOW. I’M BUSY.”
Finally, just a word about this in terms of the faux-religious con of islam. Have you noticed that musloids are constantly trying to cheat, deceive, and concoct “work-arounds” of ol’ allah? Sharia finance is merely trying to come up with a childish legalistic way to claim that they aren’t paying interest – but they obviously are. Islam also teaches that men can sin and do whatever they please on Mondays and Thursdays, because these are the two days of the week that allah is “inventorying the deeds of men”, and thus allah “is busy and isn’t watching you.”
I’m telling you, the stupid is STRONG with these people. What the hell kind of religion is built upon screwing over the diety? Oh, yeah - a “religion” that isn’t a religion at all, but a stupid, evil totalitarian political cult that uses faux-religious myths and motifs to control its cognitively damaged slaves. THAT kind of “religion”.
Guys, it is one thing to play “hide under the blankie” with a two year old. It is quite another to play that game with a 50 year old man wanting to buy real estate who smells of goat and Axe Body Spray, and also wants to kill you and take over your country.
Friday, December 16, 2011
A CERTIFICATE with my NAME ON IT?
On Sychophants, Process Servers & Decoupling
Posted by Ann Barnhardt - December 15, AD 2011 9:38 PM MST
1. Corzine and Abelow testified again before the House Financial Services committee, and it was another nausea-inducing spectacle. Today's questioning was actually WORSE, because Terry Duffy had lobbed the committee a grapefruit on Tuesday regarding Corzine's knowledge of the customer seg funds being raided and sent off to Europe. (OF COURSE HE KNEW. BACK OFFICE TREASURY DATAPUNCH CLERKS DON'T SEND CUSTOMER SEG FUNDS TO EUROPE OR ANYWHERE ELSE OF THEIR OWN VOLITION.) But, of course, none of the congresscritters were even remotely smart enough to ask about any of that. In fact, one chick congresscritter was fawning over Corzine so hard, I honestly thought that she was going to come down off the dais, crawl in Corzine's lap, push back his greasy mullet, and start blowing in his ear. Her line of questioning - if you can call it that - was along the lines of, "Mr. Corzine, is it possible that no one within the company notified you of any problems because you are so brilliant and awesome and thus people find you intimidating?"
2. The best part of the whole day was Corzine getting served with a big ol' lawsuit as he walked out of the hearing room during the break. A commodity trading advisory service who is hung out to dry for into the NINE FIGURES is suing the top 20 or so executives in the company. AWESOME. Here's the video:
3. Finally, a very simplistic explanation of how the cash commodity markets are soon going to decouple from the futures markets. This is a little complex, but stay with me. I think this is important to understand because none of us who have lived our whole lives in the U.S. have ever seen a market disintegrate.
The threat (or promise) of delivery upon expiration is what keeps the futures markets tethered to the cash markets. Up until now, if an unreasonably wide spread between the futures price and the underlying physical commodity market got too out of whack, a process called "arbitrage" would kick in. Arbitrage is when a party simultaneously buys and sells on two separate but related markets in order to capture an inefficient spread between those two markets.
I'm going to use precious metals as my example commodity because there are alot of metals guys reading this, and because the metals markets will be the big tell in term of when decoupling and thus total futures market disintegration is upon us. But these examples apply to all of the physical commodities.
Let's say that the physical silver market is trading far lower than the silver futures price. This is what is called a WEAK BASIS. The BASIS is the relationship between the cash market and the futures market and is very simply defined as (CASH minus FUTURES). If cash silver can be bought at $25.00 per ounce and the futures are at $30.00 per ounce, the cash is $5.00 under the futures. When cash is under the futures, this is called a WEAK basis.
Up until now, what would a metals trader do? In very simple terms, he would buy the cash silver at $25.00 per ounce and then simultaneously sell the futures at $30.00. Because he has short-sold the futures, he could hold the contract to expiry and then deliver the $25.00 cash silver he bought to make good on the contract and receive his $30.00 price. So his simple net profit would be $5.00 per ounce. As many traders saw this spread and simultaneously executed this same strategy of buying the cash and selling the futures, what effect would this have? Right. It would cause the cash-futures spread to move back in toward convergence by pushing the futures price down (lots of sellers) and propping the cash market up (lots of buyers).
Now the opposite scenario: a STRONG basis. Let's say cash silver is trading at $32.00 and the futures are trading at $28.00. A trader might take physical silver that he has in inventory and sell it in the cash market, and then immediately take those proceeds and buy back and equal number of ounces in the futures market and take delivery. Since the same number of ounces in the futures market cost $4.00 per ounce LESS, he would end up with the same number of ounces in his inventory PLUS $4.00 per ounce in CASH in his pocket. If he and many other traders saw this condition and they all sold cash silver and bought the futures, this would, again, converge the spread between the cash market and the futures market.
The lynchpin that is holding this dynamic together and keeping the futures markets tied to the underlying cash market is the fact that the futures contracts are deliverable, and a trader can either deliver or take delivery of actual physical silver via his futures position.
Are we seeing a problem yet? The futures markets have lost their viability and trustworthiness because of the MF collapse and theft. At some point in the not-too-distant future, people everywhere are going to realize that the delivery mechanism is not reliable. Heck, just holding cash and/or positions in a futures account is no longer reliable. The the market itself is not reliable, traders will no longer attempt to arbitrage these basis spreads because the risk to the trader that the rug will be pulled out from underneath them is simply too great.
And in the metals markets, the delivery process itself is . . . um . . . shall we say, easily corrupted? When you "take delivery" of physical metals, it doesn't get sent to your house. All you get is a certificate saying that X number of ounces are being held in a certified vault somewhere with your name on them. After the MF collapse, that sounds like a joke, right? A CERTIFICATE with my NAME ON IT? Yeah. That really is how it works.
When the arbitrageurs finally lose all confidence in the markets, the cash market will decouple from the futures because no one will be willing to take the risk of having their money, positions and/or physical metals stolen/confiscated. If no arbitrageurs are willing to trade these spreads - no matter how wide they may become - and thus there is no force causing the cash and futures to converge, we will see the basis spreads become extremely wide. As people flee the futures markets, the futures prices will drop, while the cash markets hold steady or even diverge and actually rise as all of the former paper players realize that physicals are the only remaining game to be played.
Watch for this. Watch for the gold and silver futures to sell off as people walk away from paper while the online cash dealers, seeing that market demand for their physical inventory is robust, begin to ignore the futures prices and hold their prices steady or even raise them. When you see this basis decoupling and absence of arbitrage, lo, the end is nigh. A parabolic spike is coming.
Warren Pollock Interview & Other Stuff
Posted by Ann Barnhardt - December 14, AD 2011 8:16 PM MST
Just so you all know that I'm not alone in my sentiment and actually am speaking on behalf of other folks and brokers in the industry who simply don't have the soapbox that I have, here is an email from a second-generation floor trader in Chicago:
Posted by Ann Barnhardt - December 15, AD 2011 9:38 PM MST
1. Corzine and Abelow testified again before the House Financial Services committee, and it was another nausea-inducing spectacle. Today's questioning was actually WORSE, because Terry Duffy had lobbed the committee a grapefruit on Tuesday regarding Corzine's knowledge of the customer seg funds being raided and sent off to Europe. (OF COURSE HE KNEW. BACK OFFICE TREASURY DATAPUNCH CLERKS DON'T SEND CUSTOMER SEG FUNDS TO EUROPE OR ANYWHERE ELSE OF THEIR OWN VOLITION.) But, of course, none of the congresscritters were even remotely smart enough to ask about any of that. In fact, one chick congresscritter was fawning over Corzine so hard, I honestly thought that she was going to come down off the dais, crawl in Corzine's lap, push back his greasy mullet, and start blowing in his ear. Her line of questioning - if you can call it that - was along the lines of, "Mr. Corzine, is it possible that no one within the company notified you of any problems because you are so brilliant and awesome and thus people find you intimidating?"
2. The best part of the whole day was Corzine getting served with a big ol' lawsuit as he walked out of the hearing room during the break. A commodity trading advisory service who is hung out to dry for into the NINE FIGURES is suing the top 20 or so executives in the company. AWESOME. Here's the video:
3. Finally, a very simplistic explanation of how the cash commodity markets are soon going to decouple from the futures markets. This is a little complex, but stay with me. I think this is important to understand because none of us who have lived our whole lives in the U.S. have ever seen a market disintegrate.
The threat (or promise) of delivery upon expiration is what keeps the futures markets tethered to the cash markets. Up until now, if an unreasonably wide spread between the futures price and the underlying physical commodity market got too out of whack, a process called "arbitrage" would kick in. Arbitrage is when a party simultaneously buys and sells on two separate but related markets in order to capture an inefficient spread between those two markets.
I'm going to use precious metals as my example commodity because there are alot of metals guys reading this, and because the metals markets will be the big tell in term of when decoupling and thus total futures market disintegration is upon us. But these examples apply to all of the physical commodities.
Let's say that the physical silver market is trading far lower than the silver futures price. This is what is called a WEAK BASIS. The BASIS is the relationship between the cash market and the futures market and is very simply defined as (CASH minus FUTURES). If cash silver can be bought at $25.00 per ounce and the futures are at $30.00 per ounce, the cash is $5.00 under the futures. When cash is under the futures, this is called a WEAK basis.
Up until now, what would a metals trader do? In very simple terms, he would buy the cash silver at $25.00 per ounce and then simultaneously sell the futures at $30.00. Because he has short-sold the futures, he could hold the contract to expiry and then deliver the $25.00 cash silver he bought to make good on the contract and receive his $30.00 price. So his simple net profit would be $5.00 per ounce. As many traders saw this spread and simultaneously executed this same strategy of buying the cash and selling the futures, what effect would this have? Right. It would cause the cash-futures spread to move back in toward convergence by pushing the futures price down (lots of sellers) and propping the cash market up (lots of buyers).
Now the opposite scenario: a STRONG basis. Let's say cash silver is trading at $32.00 and the futures are trading at $28.00. A trader might take physical silver that he has in inventory and sell it in the cash market, and then immediately take those proceeds and buy back and equal number of ounces in the futures market and take delivery. Since the same number of ounces in the futures market cost $4.00 per ounce LESS, he would end up with the same number of ounces in his inventory PLUS $4.00 per ounce in CASH in his pocket. If he and many other traders saw this condition and they all sold cash silver and bought the futures, this would, again, converge the spread between the cash market and the futures market.
The lynchpin that is holding this dynamic together and keeping the futures markets tied to the underlying cash market is the fact that the futures contracts are deliverable, and a trader can either deliver or take delivery of actual physical silver via his futures position.
Are we seeing a problem yet? The futures markets have lost their viability and trustworthiness because of the MF collapse and theft. At some point in the not-too-distant future, people everywhere are going to realize that the delivery mechanism is not reliable. Heck, just holding cash and/or positions in a futures account is no longer reliable. The the market itself is not reliable, traders will no longer attempt to arbitrage these basis spreads because the risk to the trader that the rug will be pulled out from underneath them is simply too great.
And in the metals markets, the delivery process itself is . . . um . . . shall we say, easily corrupted? When you "take delivery" of physical metals, it doesn't get sent to your house. All you get is a certificate saying that X number of ounces are being held in a certified vault somewhere with your name on them. After the MF collapse, that sounds like a joke, right? A CERTIFICATE with my NAME ON IT? Yeah. That really is how it works.
When the arbitrageurs finally lose all confidence in the markets, the cash market will decouple from the futures because no one will be willing to take the risk of having their money, positions and/or physical metals stolen/confiscated. If no arbitrageurs are willing to trade these spreads - no matter how wide they may become - and thus there is no force causing the cash and futures to converge, we will see the basis spreads become extremely wide. As people flee the futures markets, the futures prices will drop, while the cash markets hold steady or even diverge and actually rise as all of the former paper players realize that physicals are the only remaining game to be played.
Watch for this. Watch for the gold and silver futures to sell off as people walk away from paper while the online cash dealers, seeing that market demand for their physical inventory is robust, begin to ignore the futures prices and hold their prices steady or even raise them. When you see this basis decoupling and absence of arbitrage, lo, the end is nigh. A parabolic spike is coming.
Warren Pollock Interview & Other Stuff
Posted by Ann Barnhardt - December 14, AD 2011 8:16 PM MST
Just so you all know that I'm not alone in my sentiment and actually am speaking on behalf of other folks and brokers in the industry who simply don't have the soapbox that I have, here is an email from a second-generation floor trader in Chicago:
Ann Barnhardt,
Thank you for speaking up and calling it like it is. My father joined the Chicago Board of Trade in 1979. I joined the CBOT in 2009. We are customers of MF Global. The day they told me my money had been frozen I declared the futures industry completely dead. I grew up in the industry. I knew there were always thieves, mobsters even, in the business and I saw it from day 1 on the trading floor. But the depth of deceit has reached new lows.
MF Global and the CME violated the only principle that mattered in futures and anyone watching the farmers and ranchers testify yesterday should've seen that something has been broken beyond repair for them: TRUST! If the hedgers like you and your customers won't use the market then what are the speculators like me supposed to do? Well, I believe we're seeing it. The big specs have completely captured the trading venue through High Frequency Trading and are using it to fleece as many people as foolishly remain in the game where no bona fide hedgers operate anymore. The inmates not only run the asylum, they've set fire to it.
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