Peter Schiff interviews Ann Barnhardt Dec 21, 2011 . Ann Barnhardt explains MF Global debacle and the corruption and bluntly explains why she closed her firm down due to the crisis of MF GLobal.Ms.Barnhardt is very independent and has the luxury of speaking the truth.
I listened to this, then read a little bit of Ann's commentary on her own site about this interview. She seems to now be upset with Schiff that he isn't willing to follow her down her rabbit hole.
ReplyDeleteWhat she says about the cronism in these markets is absolutely true, but there is no way she is going to get the market strike she calls for. It is like telling everyone to stop buying cars. You would need an entire country to agree not only with your assessment of the problem, but also to agree with your assessment of the solution. That will never happen.