Ann Barnhardt interviewed by Peter Schiff

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Island_Dweller

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I thought Ann came across well; however, I lost some respect for Schiff much like I did with Celente. It seems these guys talk one game and play another.


Merry Christmas!

P.S. Sorry if anyone else posted this.
 
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Our forefathers pledged their "Lives, our Fortunes and our sacred Honor" to each other in the Declaration of Independence and Peter Schiff squirms when Ann asks him to stop playing the markets. I got to admit that really bothered me about Peter.
 
ID,
I watche dthe interview and was equaly surprised by her candor about the industry, Thank God someone is willing to speak the truth!
 
People will always act in their own perceived best interests. Ann clearly sees the political and monetary issues as more urgent than her personal or professional gain. Peter clearly doesn't (yet). You could take this as either Peter is being selfish (looking out for his own interests) or more moderate (believes there is light at the end of the tunnel).
 
PMBug,
There is a light at the end of the tunnel, unfortunately for us, it is the fiscal reality we have been avoiding for so long, and there is no stopping it as it plunges towards us all.

Best of luck to all of us in the coming New Year.
 
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What we need a lot more of is other funds selling out and announcing that they cannot or will not try and compete in a fixed bankster rip off scam.
 
They need to go directly to the miners and take delivery from them. Some funds are already doing that. The only other viable option is to go overseas.
 
I don't know Derek, overseas may soon be the same as right here. With banking behemoths like JPM et. al. being given special access and the ability to hide crazy stuff like re-hypothecation and naked shorts, who's to say that it's any more fair on the overseas exchanges?

I still say that if you can't hold it, you don't own it. It's the same thing with stocks as it is with PM's. You qare relying on your broker to actually purchase the stocks you order and hold them for you on account. When a broker can merely show you they have 1000 shares of Corp. "X" on their books, who can say for certainty that they are held exclusively in your name? Those shares may be shown on ten different statements to ten different clients, all of whom believe those thousand shares belong exclusively to them. I would imagine that any broker in any country could pull the same shit, and the clients would never be the wiser. Menawhile, the broker is free to peel off a vig every month and at each buy in/sell out point. What a fucking racket.
 
Why anyone still plays this rigged market is a mystery to me. I guess it's just gambling addiction or they just believe the propaganda.

I think that those who believe in the system the most will get hurt the most.
 
Ann is no longer the lone voice warning people to "GET OUT. GET OUT. GET OUT."

Jim Sinclair is echoing the same refrain:
http://www.jsmineset.com/2012/07/25/the-system-here-and-there-is-totally-broken/
 
I think I know why Peter is being a little coy. He probably doesn't use US broker/dealers and doesn't want to explicitly say it because it would ruin his chances during a political run for office. It would be used against him if he admitted his accounts were based out of HK.
 
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