Tag Archives: Ann Barnhardt

Senior NCOs are leaving the U.S. military

Ann Barnhardt, a Joan of Arc of our times, received this disturbing letter from an NCO in the U.S. Army on why he, and other senior NCOs like him, are leaving the military, foresaking the years they’ve put in toward retirement-with-pension.

Note: NCOs are non-commissioned officers who obtained their positions of authority by promotion through the enlisted ranks.

Below is the letter in its entirety. The bold colored emphasis is mine.
my work here is done

A Chilling Letter From an NCO Calling It Quits

Ann,
I leave the Army for good in September of this year.  My chain of command has been shell shocked that I am going through with it.  Two years ago when I first came to grips with what was happening and resolved to no longer be a part of it, there was derision and even an officer telling me that voicing my opinions about the state of the US economy and its moral failings could be considered a violation of the UCMJ for conduct “prejudicial to good order and discipline.”
When I gave my Operations NCO a copy of the book “A Distant Mirror” by Barbara Tuchman he came to me a month later stating that if there is a civil war, he and his fellow Hispanics will “have to choose sides.”
When I told my first sergeant why I would not be re-enlisting, she said “Don’t you want to re-enlist to get your 20?”
I said that I wanted to re-enlist, but I couldn’t, that my pension was nothing compared to being prepared to sacrifice my life. Then she and I went on to discuss my (your) ideas on why there was a possible collapse of the US government in the future, she went from denying the possibility to stating “Well, it all depends on what level of collapse you’re talking about,” needless to say I was stunned.
The re-enlistment NCO refuses to talk to me, and several other mid to senior level NCOs who previously thought I was kidding have left the Active reserves for the Individual Ready Reserves.
One stated that he too was disgusted with both candidates for president and then asked me if I thought things would be so bad, why wouldn’t I stay in and try to fix things “from the inside”?  I cited the example of the Yugoslav army and how there were fire fights within units and stated that I would refuse to follow unconstitutional orders.  I then asked, “Don’t you think if one of the two candidates gets in power that either might order the power of the state to be used against their political enemies?  That’s what would be likely to START those kinds of firefights, right?”

Officer: “SFC, you are hereby ordered to take your platoon and do evil unconstitutional thing X.”
Me:  “No.”
Officer: “SSG, Arrest SFC !”
Me: (Click) “Don’t move sir.”
SSG: “Uh-oh….”

The other NCO just kinda smiled grimly and nodded.  His friend, a warrant officer whom I have known since 2009 then blurted “Well, that won’t happen anyway, the US government can’t collapse, too many people depend on it!”
We both stared at him and he looked embarrassed almost immediately. He is not a stupid man, but it shows the mindset most are locked into, no matter how illogical it is.
I have many more anecdotes, but the summary is this:  Whereas I was laughed at two years ago, many other senior NCOS are leaving. Many Enlisted men are frightened and wish to get out.  The liberals, humanists, atheists and feminists are taking over.
EVERY. SINGLE. PERSON over the past two years, from family, friends, and colleagues to acquaintances and others in the civilian world who hear I am getting out after 15 years always start with the same argument:  What about your pension/heathcare?
My own brother, an amateur military historian asked me the same question last week, and I said:
“You studied military history for 8 years in school, and as a hobby your whole adult life, if you had to go up against a military composed entirely of people who were there to get their retirement benefits, how easy would that army be to defeat?”
Silence…
Mic drop!
Ann, it’s been rough.  I LOVE the US Army. At times I have almost been reduced to tears thinking about putting on the uniform for the last time.  But I cannot be part of the army that serves a government like ours. 
Thank you just for being out there and fighting the good fight.
SFC
-End of letter-
The letter-writer SFC and the other NCOs who left or are leaving the military are not alone. A recent Rasmussen poll found that a whopping 72% of Americans believe the USA is going in the wrong direction.
See also:

~Eowyn

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Obama regime purges 5th senior military officer: Cmdr of CENTCOM James Mattis

Last December, in my post, “Obama purges U.S. Command, Part 1,” I wrote:

Within two months after the Benghazi attack, four senior U.S. military officers were purged:

  • Gen. Carter Ham, on October 18.
  • Adm. Charles Gaouette, on October 27.
  • Gen. David Petraeus, on November 9.
  • Gen. John Allen, on November 13.

Ostensibly, Petraeus’ “retirement” and Allen’s suspended promotion are due to both men’s moral conduct. But surely we are not so naive as to think that Petraeus and Allen are the only U.S. military officers who’ve ever committed adultery or written flirtatious email. As for Ham’s “retirement” and Gaouette’s “temporary re-assignment” (reassignment to what?), there is not even a whisper that either man’s morals or personal conduct is at issue.

So what should we make of all this? Is it all just coincidence or something more sinister?

Ann Barnhardt, in her blog of Nov. 13, 2012, didn’t hesitate to call the purges, Obama’s “night of the long knives” — a reference to the last step in Hitler’s quest for total, dictatorial power. On June 30, 1934, the Fuhrer purged the German military of any factions that were in any way autonomous and not 100% loyal to him.

Now add to the above list of four, Marine Corps General James Mattis (above), who has served in the U.S. military for 40 years and is widely revered by rank-and-file Marines for his blunt talk and leadership.
Three weeks after the purge of Gen. Allen came news that four-star Gen. Mattis was told to vacate his office several months earlier than planned, in March 2013, that is, this month. On Dec. 6, 2012, Defense Secretary Leon Panetta announced that Mattis would be replaced by Army Gen. Lloyd Austin, the vice chief of staff for the Army, subject of course to Senate confirmation.
Gen. James Mattis, 62, is only the head of the most important command of the entire U.S. military — that of the United States Central Command (CENTCOM).
Before replacing David Petraeus on August 11, 2010, as Commander of CENTCOM, Mattis previously had commanded United States Joint Forces Command from November 9, 2007 to August 2010; served concurrently as NATO’s Supreme Allied Commander Transformation from November 9, 2007 to September 8, 2009; and commanded I Marine Expeditionary Force, United States Marine Forces Central Command, and 1st Marine Division during the Iraq War.
Logo_of_United_States_Central_Command
The United States Central Command (USCENTCOM) is a theater-level Unified Combatant Command of the U.S. Department of Defense, established in 1983. Its area of responsibility includes countries in the Middle East, North Africa, and Central Asia, most notably Afghanistan and Iraq. CENTCOM has been the main American presence in many military operations, including the Persian Gulf War, the War in Afghanistan (2001–present), and the Iraq War. Forces from CENTCOM currently are deployed primarily in Iraq and Afghanistan in combat roles and have bases in Kuwait, Bahrain, Qatar, the United Arab Emirates, Oman, Pakistan, and central Asia in support roles.
Writing for Foreign Policy on Jan. 18, 2013, self-described “fan of President Obama” Thomas E. Ricks claims that the “word on the national security street is that General James Mattis is being given the bum’s rush out of his job as commander of Central Command” because he rubbed civilian officials the wrong way” on the Obama regime’s policy toward Iran.
Reportedly, “tough-minded realist “Mattis “pushed the civilians … hard on considering the second- and third-order consequences of military action against Iran” with questions such as: What do you do with Iran once the nuclear issue is resolved and it remains a foe? What do you do if Iran then develops conventional capabilities that could make it hazardous for U.S. Navy ships to operate in the Persian Gulf?
But Mattis’ questions and plea for prudence were “not welcomed” by the White House.
Obama-fan Thomas Ricks points out that, in dismissing Gen. Mattis, “The message the Obama Administration is sending, intentionally or not, is that it doesn’t like tough, smart, skeptical generals who speak candidly to their civilian superiors. In fact, that is exactly what it (and every administration) should want. Had we had more back in 2003, we might not have made the colossal mistake of invading Iraq. […] But I am at the point where I don’t trust his national security team. They strike me as politicized, defensive and narrow. These are people who will not recognize it when they screw up, and will treat as enemies anyone who tells them they are doing that. And that is how things like Vietnam get repeated.”
Ricks also warns that the Obama regime “now have dissed the two Marine generals who are culture heroes in today’s Corps: Mattis and Anthony Zinni. The Marines have long memories.”
Today’s Drudge Report is replete with ominous headlines about Iran:

WAR DRUMS: KERRY WARNS IRAN ON BRINK...
'Challenging moment with great risks'...

Obama 'not bluffing' over military threat...
Netanyahu: 'Red line'...
TOP GENERAL: Nuclear Iran will trigger arms race in Middle East...
Kissinger: Nuke crisis close...
Clock Runs...

Changing the leadership of CENTCOM just as the confrontation with Iran heats up is not just bad timing, but rash and imprudent.
See also “Obama purges US military command (Part 2),” Dec. 4, 2012.
~Eowyn

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Obama purges U.S. military command (Part 1)

Several days ago, FOTM’s lowtechgrannie posted a video of a media rarity — a reporter who doesn’t toe the party line and isn’t afraid to speak the truth. He’s Fox19 Cincinnati news anchor and investigative reporter Ben Swann.
At the end of the video, Swann noted that in the space of less than one month after the 7-hour Islamic terrorist attack of September 22, 2012, on the U.S. consulate in Benghazi, Libya, four high-level U.S. military flag officers had been removed, for one ostensible reason or another. The four are Generals Petraeus, Allen, and Ham, and Admiral Gaouette. (In the U.S. military, flag officers are general officers in the Army, Air Force, Navy, Marine Corps, and Coast Guard of such senior rank that they are entitled to fly their own flags to mark where the officer exercises command.)
Swann withheld speculating on what this quite unprecedented attrition of senior U.S. military officers means. But this attrition cries out for some effort at explanation, no matter how speculative.

We’ll begin with the facts that we’ve been told.

1. General David Petraeus

Gen. Petraeus and Paula Broadwell

Gen. Petraeus and Paula Broadwell


A highly-decorated four-star general who had served over 37 years in the U.S. Army, 60-year-old David Petraeus had been Commander of the International Security Assistance Force; Commander of U.S. Forces Afghanistan; 10th Commander, U.S. Central Command; and Commanding General of Multi-National Force – Iraq who oversaw all coalition forces in Iraq.
On September 6, 2011, Obama recruited Petraeus to be Director of the Central Intelligence Agency. A week before, in anticipation of that appointment, Petraeus had retired from the U.S. Army.
Petraeus lasted 14 months as CIA director. On November 9, 2012, he resigned from the CIA, citing his extramarital affair with Paula Broadwell, a married woman who is the principal author of Petraeus’ biography, All In: The Education of General David Petraeus. Petraeus claims that the affair had begun in late 2011 when he was no longer an active duty military officer, and ended in the summer of 2012. The affair reportedly was discovered in the course of an FBI investigation into harassing emails that Broadwell had been sending to Jill Kelley, a Tampa socialite and a longstanding family friend of the Petraeuses whom Broadwell perceived to be a romantic rival.

2. General John R. Allen

Gen. Allen (l); Jill Kelley (r)

Gen. Allen (l); Jill Kelley (r)


A four-star general of the U.S. Marine Corps, 58-year-old General John Allen had succeeded Petraeus as Commander of U.S. Forces Afghanistan on July 18, 2011. He was nominated to be NATO’s Supreme Allied Commander, Europe, pending confirmation by the United States Senate.
As part of the fallout of the Petraeus-Broadwell affair, correspondence between Allen and Jill Kelley also came to light. The FBI reportedly uncovered 20,000 to 30,000 pages of correspondence — mostly email — between Allen and Kelley from 2010 to 2012.  Reportedly, their correspondence was “flirtatious” and “inappropriate” as Allen and Kelley are both married, but not to each other. (Good grief. How could a 4-star general even have so much free time as to write 20,000 to 30,000 emails in the space of two years to ANYONE?)
On November 13, 2012, Defense Secretary Leon Panetta suspended Allen’s confirmation hearing, pending investigations into the general’s “inappropriate communication” with Kelley. Panetta also requested Congress to speed the confirmation of General Joseph Dunford to take over as commander of U.S. forces in Afghanistan. In effect, not only will Allen not be promoted, he has lost his present command post in Afghanistan.

3. General Carter F. Ham

U.S. Army General Carter Ham

A well-decorated U.S. Army general, 60-year-old Ham became Commander of U.S. Africa Command (AFRICOM) on March 8, 2011.
U.S. AFRICOM is one of nine Unified Combatant Commands of the U.S. Department of Defense (DoD). As one of six that are regionally focused, AFRICOM is devoted solely to Africa. James S. Robbins of The Washington Times writes that Gen. Ham “is a very well regarded officer who made AFRICOM into a true Combatant Command after the ineffective leadership of his predecessor, General William E. ‘Kip’ Ward.”
On October 18, 2012, in a DoD news briefing, Defense Secretary Leon Panetta announced that Gen. Ham was relieved fired: “Today I am very pleased to announce that President Obama will nominate Army Gen. David Rodriguez to succeed Gen. Carter Ham as commander of U.S. Africa Command.”
According to Joint doctrine, “the tour length for combatant commanders and Defense agency directors is three years.” But Gen. Ham had only been in the commander position at AFRICOM for a year and a half and the informal word was that he wasn’t scheduled to rotate out until March 2013.
Pat Dollard of BareNakedIslam claims that the scuttlebutt is that, on September 11, 2012, Gen. Ham had received the same e-mails the White House received — from our people in Benghazi, requesting help/support as the terrorist attack was taking place. Ham immediately had a rapid response unit ready and communicated to the Pentagon that he had the unit ready. Dollard writes:

“General Ham then received the order to stand down. His response was to screw it, he was going to help anyhow. Within 30 seconds to a minute after making the move to respond, his second in command apprehended General Ham and told him that he was now relieved of his command.”

Gen. Ham’s “second in command” is not named. The Pentagon’s official line is that Ham had retired.

4. Rear Admiral Charles M. Gaouette

Rear Admiral Charles Gaouette

Rear Admiral Charles Gaouette


The recipient of various personal decorations and unit awards, including the Vice Admiral James Bond Stockdale Award for inspirational leadership in 2003, Rear Admiral Charles Gaouette was promoted to Commander of Carrier Strike Group 3 (aka John C. Stennis Carrier Strike Group) in April 2012.
Carrier Strike Group 3 is one of five U.S. Navy carrier strike groups currently assigned to the U.S. Pacific Fleet. U.S. Navy carrier strike groups are employed in a variety of roles that involve gaining and maintaining sea control and projecting power ashore, as well as projecting naval airpower ashore.
The aircraft carrier USS John C. Stennis is the strike group’s current flagship, and as of 2012, other units assigned to Carrier Strike Group 3 include Carrier Air Wing Nine; the guided-missile cruisers USS Mobile Bay and USS Antietam; and the ships of Destroyer Squadron 21, the guided-missile destroyers USS Wayne E. Meyer, USS Dewey, USS Kidd, and USS Milius.
Carrier Group Three formed the core of the naval power during the initial phase of Operation Enduring Freedom in 2001. “Operation Enduring Freedom” is the official name used by the U.S. government for the War in Afghanistan, together with a number of smaller military actions, under the umbrella of the Global “War on Terror”. On 16 July 2012, the U.S. Department of Defense announced that the scheduled deployment of Carrier Strike Group Ten was advanced by four months, with its anticipated area of operation shifting from the U.S. Seventh Fleet in the Western Pacific to the U.S. Fifth Fleet in the Persian Gulf and North Arabian Sea. On 27 August 2012, four months ahead of schedule, Carrier Strike Group Three departed for an eight-month deployment to the U.S. Fifth Fleet under the command of Rear Admiral Charles M. Gaouette.
On October 27, 2012, the commander of the U.S. Fifth Fleet, Vice Admiral John W. Miller, ordered the temporary re-assignment of Rear Admiral Charles M. Gaouette pending the results of an investigation by the Naval Inspector General. Gaouette’s chief of staff, Captain William C. Minter, will lead the strike group until the arrival of Rear Admiral Troy M. (“Mike”) Shoemaker, who will assume command of the strike group.
Tom Lombardo writes for the Navy Times, Oct. 27, 2012, that Adm. Gaouette was relieved, mid-deployment, and is accused of “inappropriate leadership judgment,” according to a Navy official familiar with the case. Gaouette was told to go home — to return to the Carrier Strike Group’s homeport in Bremerton, Washington, until the investigation is complete.

There you have it. Within two months after the Benghazi attack, four senior U.S. military officers were purged:

  • Gen. Ham, on October 18.
  • Adm. Gaouette, on October 27.
  • Gen. Petraeus, on November 9.
  • Gen. Allen, on November 13.

Ostensibly, Petraeus’ “retirement” and Allen’s suspended promotion are due to both men’s moral conduct. But surely we are not so naive as to think that Petraeus and Allen are the only U.S. military officers who’ve ever committed adultery or written flirtatious email. As for Ham’s “retirement” and Gaouette’s “temporary re-assignment” (reassignment to what?), there is not even a whisper that either man’s morals or personal conduct is at issue.
So what should we make of all this? Is it all just coincidence or something more sinister?
Ann Barnhardt, in her blog of Nov. 13, 2012, calls it Obama’s “night of the long knives.”
The last step in Hitler’s quest for total, dictatorial power was the purging of the German military of any factions that were in any way autonomous and not 100% loyal to him, specifically the SA (Sturmabteilung or Storm Detachment). The SA was run by Ernst Rohm. On June 30, 1934, the “Night of the Long Knives” was executed when Hitler had Rohm and the rest of the SA leaders killed. Hitler publicly explained that the purge was executed because of sexual perversion in the ranks of the SA who were “plotting” against him.
Barnhardt writes:

And now, the Obama putsch regime is purging them and anyone else they deem to be a threat. It won’t surprise me if Petraeus is indeed court martialed and stripped of his pension, because that is what the rest of the flag officer corps fears more than death. Make an example of Petraeus, and maybe Allen, and that will whip the rest of them into line.

This process of a totalitarian oligarchy constantly purging its own ranks in fits of paranoia and demands for total personal loyalty is as old as the hills. Lenin and Stalin eventually murdered almost every person that entered their inner-circles. Same with Mao. Same with Saddam Hussein. Same with the three Kims in North Korea. Beyond the Night of the Long Knives, Hitler was also having his own people killed continuously.

Just as the Night of the Long Knives in ’34 was just the beginning, so too is this situation in the former American republic just the beginning.

Writing for Veterans Today, Gordon Duff has an even more provocative take on the four military officers:

The decision [to fire Admiral Gaouette] was made based on a conversation with the Secretary of Defense who, at the end of the talk, believed Gaouette was part of a group of military officers who have been under suspicion for planning a “Seven Days in May” type overthrow of the US government if President Obama is re-elected.

This is not conjecture, dozens of key officers face firing, hundreds are under investigation, all with direct ties to extremist elements in the Republican Party and the Israeli lobby.

Reports received are sourced at the highest levels of the Pentagon and indicate that the administration has been aware of these plans for months.

Whatever the truth, one thing of which we can be sure is that the firings of three generals and an admiral have something (or everything) to do with the Benghazi attack. It’ll be interesting if the newly-elected 113th U.S. Congress will conduct serious investigations and hearings on Benghazi, although Sen. Marco Rubio (R-Florida) is already on record as being opposed to an independent investigation.
I wouldn’t hold my breath….
Click here for Part 2 of “Obama purges U.S. military command”.
~Eowyn

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Women in swing states dump POS

In 2008, the POS got elected in part because 56% of female voters went for him. Unmarried women in particular went whole hog for Obama over McCain 70% vs. 29%.

But American women are finally coming to their senses.

A new USA TODAY/Gallup Poll of the battleground swing states shows Mitt Romney is now leading by 4% among likely voters, and he has growing enthusiasm among women to thank.

Click pic to enlarge

Gosh, do you think that’s why the POS’s henchmen are attacking Gallup, again?

H/t FOTM’s beloved Joan & Tina.

P.S. The coming-to-their-senses of American women is one reason why I vehemently disagree with Ann Barnhardt. In her blog of September 1, 2012, she bemoaned the passage of the 19th Amendment that extended suffrage, the right to vote, to females. (Since Barnhardt’s website has no search function nor a “click” function to upload an individual essay, to find that essay you’ll have to go to her webpage and ask your web browser to search for “19th Amendment”. Alternately, you can go to this blog to read her essay.)

@Ann: The solution is to inform and persuade American women. The solution is NOT to take the right to vote from women!

Besides, by Barnhardt’s “reasoning,” since 96% of black voters went for Obama in 2008, we should also abolish the 15th Amendment that prohibits the denial of suffrage based on race. And since Obama won the under age 30 crowd by 34% in 2008, we should also abolish the 26th Amendment that lowers the voting age to 18 years. Then there are the 77% of Jewish Americans who voted for Obama in 2008….

~Eowyn

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Obama administration succumbs to Islamic Sharia Law

Sharia (Arabic for “legislation”) is the moral code and religious law of Islam. Sharia deals with many topics addressed by secular law such as crime, but also what the West regards as personal private matters such as sexual intercourse, hygiene, diet, prayer, and fasting. In its strictest definition, sharia is considered the infallible law of God but is interpreted by Islamic judges and religious scholars.

The reintroduction of sharia is a longstanding goal for Islamist movements in Muslim countries. Some in Israel and other countries in Asia have maintained institutional recognition of sharia, and use it to adjudicate their personal and community affairs. In western countries where Islamic immigration is more recent, Muslim minorities have introduced sharia family law for use in their own disputes, such as Britain’s Muslim Arbitration Tribunal.

Now, the Obama administration has raised the black flag of sharia over the United States of America.

The AP reports, Sept. 15, 2012, that a Southern California filmmaker is being “investigated” by federal authorities and, last Saturday, was brought to a Los Angeles sheriff’s stations be “interviewed” — all because this man is identified to be “the key figure” behind a film that Muslims say denigrates Islam and its prophet Muhammad.

Federal authorities have identified Nakoula Basseley Nakoula, 55, a self-described Coptic Christian, as the key figure behind “Innocence of Muslims.” On Saturday, Sept. 15, 2012, Nakoula was interviewed by federal probation officers for about half an hour at the station shortly after 12 a.m. in his hometown of Cerritos, Calif., said Steve Whitmore, spokesman for the Los Angeles County sheriff’s department.

Nakoula went voluntarily to the station, wearing a coat, hat, scarf and glasses that concealed his appearance.

Image of Nakoula from a video provided by CBS2-KCAL9

After being “interviewed” at the L.A. sheriff’s station, Nakoula decided not to return to his home that has been besieged by media, but apparently has gone into hiding, authorities said. “He is gone. We don’t know where he went,” Whitmore said. “He said he is not going back to his home.”

Federal officials are also investigating whether Nakoula has violated the terms of his 5-year probation. Nakoula had pleaded no contest to bank fraud charges in 2010 and was banned from using computers or the Internet or using false identities as part of his sentence. If found to be in violation of his probation terms, so, a judge could send him back to prison.

A federal law enforcement official said authorities had connected Nakoula to a man using the pseudonym of Sam Bacile who claimed earlier to be writer and director of the film. Much of the film was shot inside the offices of Media for Christ, a nonprofit based in the Los Angeles-area city of Duarte. The charity raised more than $1 million last year “to glow Jesus’ light” to the world.

Also being intimidated is Steven Klein, a script adviser to the film and a Vietnam vet who has a long history of anti-Islamic activism. He told the Press-Enterprise newspaper that he has received multiple death threats. “I’m really tired,”  said when he answered the door of his home in Hemet, Calif., Friday with a pistol in his hand and clad only in a pair of white shorts stained with what appeared to be ink spots. Appearing agitated and waving the gun, Klein said he was standing up for his First Amendment rights in helping with the film and said he is prepared to die for those rights.

Despite U.S. intelligence information that the outbreak of anti-American violence in Egypt, Libya, and other Muslim countries is a “well-coordinated” and “well-planned” undertaking instead of spontaneous protests against the movie, the Obama administration and the mainstream U.S. media continue to portray the movie as being the provocation.

Even if the protests and violence were reactions to the movie, since when does the United States government bow to political pressure by launching a campaign of intimidation (under the guise of “investigating” and “interviewing”) against the simple exercise of our Constitutionally-guaranteed First Amendment right to free speech?

I don’t recall the Obama administration “investigating” Bill Maher, who wrote and starred in “Riligulous,” an atheistic documentary that mocks organized religion and religious belief — including Islam.

Ann Barnhardt, who is fearlessly outspoken about Islam, correctly identifies the U.S. government going after the makers of this movie as the descent of America into sharia rule. She writes:

The Obama regime is going after the people who made the cheesy mohammed movie that the musloids are blaming the riots on.

They are “suggesting” that YouTube “review” the content of the clip of the movie they have posted, and are also now looking to jail one of the filmmakers.

In addition, the Obama propaganda arm operating as the L.A. Times has posted pictures and explicit location descriptions of the home of one of the filmmakers, clearly an effort to intimidate the filmmakers and to pass tactical intel to the muslim brotherhood. […]

The only way you fight and destroy this evil is by RIDING OUT TO MEET IT. No capitulation. No compromise. No appeasement. No apologies. No negotiation. And then you lay down the righteous assbeating to end all assbeatings, and you do not stop until the evil is totally, completely and utterly destroyed. Anything less is a sin against God and your fellow man.

You can come after me if you want, boys. You come after me. That’s fine. I have no problem laying down my life: for my fellow Americans, for my fellow human beings, and for the Church. I have no problem with that. Come and get it. But I’m not going to lay down. That is not what Christ commands. There are times when we have to fight. We fight evil. We fight the evil in the world, and this crap is EVIL.

My name is Ann Barnhardt. I’m at 9175 Kornbrust Circle, 80124, in Lone Tree, Colorado. Anybody who wants a piece of me is more than welcome to come and get it. That goes for Lindsey Graham, anyone in the government who thinks that this is a crime, or any muslims who would like to come and get a piece of me. I’ve had enough of this crap. I am not going to bow. I am not going to submit to islam, ever. EVER.

Wake up, my fellow countrymen!!!!! Wake up!!!!!!

~Eowyn

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Barnhardt warns about Penson stock collapse

You know Ann Barnhardt as the warrior-woman who is fearlessly outspoken against Sharia and Muslim death threats, the alleged Osama bin Laden assassination, Washington corruption, homosexual marriage, and Obama’s eligibility.
Barnhardt also is a financial maven, being the owner and president of Barnhardt Capital Management, an independent introducing brokerage company. On her blog, in her May 23, 2012, post, she sounds the warning that penson stock is collapsing and urges her readers to get out.
Penson Worldwide is a leading independent execution, clearing, settlement and technology firm servicing the global financial services industry.
This is what Barnhardt wrote:
Seriously. If you or anyone you know has money in a Penson-cleared account, you really, really need to be getting out of there. This includes futures, stocks, anything. In fact, the vast majority of their business is on the equities side. The stock was down 11% yesterday, and is now down another 8.5% today. New lows today at $0.30, last trade at $0.32.
It is getting very ugly very quickly. Given everything that has happened (MF Global), is happening (Facebook IPO ripoff), and is going to happen (JP Morgan clusterbungle), if you think that you are somehow “safe” and “everything will shake out okay” and “no worries”, you’re simply out of your gourd.
Here’s the chart. Remember, this is just a THREE MONTH chart. My blanket response to ANY question about PNSN is simply, “DUDE, LOOK AT THE CHART.”

~Click chart to enlarge~


Looks like Penson Worldwide may shape up to be another MF Global.
Barnhardt also believes that JP Morgan Chase’s losses — initially said to be $2 billion, then we’re told the revised figure is $7 billion — actually are as much as $30+ billion. In her words:
Why? Because as ZeroHedge pointed out, JP Morgan has stopped their stock buy-back program even though their share price has tanked. Interestingly, JPM was told by the Fed that IF they suffered a $31 Billion dollar prop trade loss, they would have to suspend all stock buy-backs. Uh-huh. Dollars to doughnuts says JPM lost at minimum $30 billion.
~Eowyn

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Barnhardt: Why conservative media avoid Obama ineligibility

We “get it” as to why the Liberal Establishment Media simply refuse to investigate or even pay attention to the mounting evidence on Obama’s dubious birth eligibility to be POTUS. But we are baffled why supposedly Conservative media such as FoxNews and Hot Air, pundits such as Ann Coulter, and talk show hosts like Sean Hannity also shy away from it. Worse still, Glenn Beck and Bill O’Reilly not just avoid it, they go out of their way to mock the “birthers”.

The fearless and outspoken Ann Barnhardt has an idea as to why. Here’s a hint:

“Follow the money!”

The following are excerpts from her blog of May 17, 2012, “Yes, I saw the Breitbart Obama Bio Thing” – referring to the revelation that, as recently as 2007, Obama’s literary agency Acton & Dystel in its book promotional brochures described Obama as having been “born in Kenya”:
Two points:
1. This proves that Obama is a stone-cold liar and con-man. Checkmate. Either he lied when he said he was born in Kenya, or he lied when he said he was born in Hawaii. The fact that he commissioned and released an OBVIOUSLY FORGED Hawaiian birth certificate certainly causes the Obama garbage scow to list to the side of the lie being that he was born in Hawaii.
Barack Obama IS A LIAR. He is a man of degenerate morality, and is a psychopath. Is anyone going to do anything about the fact that a con-artist psychopath is the Chief Executive of the largest economy in the world and the history of the world? Is anyone going to do anything about the fact that a con-artist psychopath is the Commander-in-Chief of the largest military force in the world and the history of the world? Is anyone going to do anything about the fact that the entire intelligence, law enforcement and bureaucracy of the United States government is either so incompetent that they couldn’t even vet ONE MAN or that they are complicit in Obama’s con?
Which segues into my second point . . .
2. The Breitbart group AND the HotAir fools (Ed Morrisey and Allahpundit), ONCE AGAIN are pissing all over people who dare point out that Obama’s eligibility to hold the office of the Presidency is seriously, seriously in question. They are doing this in the same breath WHILE REPORTING THIS VERY STORY, which proves beyond any doubt whatsoever that Obama is a liar and con-artist.
WHY? Why do these “conservatives” refuse to engage reality on this point?
I know the answer, and I warn you, it is very depressing.
These folks have made a BOATLOAD of money off of the Obama usurpation. Bottom line: Obama is good for business if you are a “conservative” blogger looking to advance your career and either move into a high-paying gig in the “mainstream media” OR attempting to establish a new-model business like Glenn Beck. It was reported (I think in Forbes) that Beck made a cool $80 million last year. Don’t think for a second that Morrisey, Allahpundit and the Breitbart Team aren’t salivating at the thought of seven-to-eight figure annual hauls.
I actually believe that most of these folks are rooting for Obama to “win”, for whatever that means in a lawless electoral environment, in November because Obama is very, very good for their businesses. Think about yourself. Do you read more or less news now than you did four years ago? Oh, I’d be willing to bet that you read MULTIPLES of what you read four years ago. I do. No doubt.
In order to get those page views, and thus that ad revenue, these folks want as much upheaval and fear among their readers as possible. Obama provides upheaval, fear and outrage in massive quantities. Thus more page views. Thus more income. If Romney is “elected”, many folks would stand down and traffic to sites like HotAir, Breitbart and Beck would curtail precipitously.
Before you accuse me of hypocrisy, please remember that there are no ads on this site. I have been told that I could easily generate several thousand dollars per month by putting ads up here. I refuse. I refuse to profiteer off of the end of the world. I also fully realize that if I started advertising here that I would notice and CARE about traffic, and would thus censor or otherwise shade what I write in order to maximize revenues and retain readers. Okay, at that point I would not be serving God, I would be serving mammon (money). Nope. I don’t give a crap if I have ten million readers or zero. It’s all exactly the same to me, and it is going to stay that way. In other words, HONEST.
Doing this “blogging thing” has done nothing but cost me money, and now that Barnhardt Capital Management is no longer in business (thanks to Obama crony and oligarch Jon Corzine, who stole $1.6 billion and totally destroyed the entire financial market paradigm) I am burning through reserves with each passing month. I have enough material to publish at least TWO books of essays – I even have a self-publishing deal ready to go – but I can’t bring myself to do it because I don’t want to go to hell for profiteering off of the death of my country and civilization.
So yeah, I am uniquely qualified to call out these money-hungry bloggers and pundits (Malkin, Coulter, Limbaugh) who refuse to report on the fact that Obama is illegitimate, and who may even be rooting for his reign to continue.
Sins of omission are every bit as grave as sins of commission, and protecting income or assets is not a valid excuse for concealing the truth. Michelle, Ann C. and Rush may be able to buy their way out of the country when the poop hits the prop, but they won’t be able to buy their way out of their Particular Judgments.
+++
Like Barnhardt’s blog, Fellowship of the Minds (FOTM) also does not make any money for its owner (Dr. Eowyn) or our hardworking team of writers. FOTM does not solicit ads, nor do we have ads on this site. But FOTM’s host, WordPress, does occasionally insert an ad into one of our posts — which FOTM writers don’t see but you, dear reader, do. FOTM has no control over it, nor do we derive even a penny from those WordPress-inserted ads.
Like Barnhardt, I’ve also been told if FOTM were to go the commercial route, with total “hits” or views of over 4,373,000 in a mere 2 years and 5 months, we’d probably make thousands of dollars a month in ad revenue. But I had made a decision at FOTM’s inception on December 23, 2009, that this blog will remain non-commercial for the same reason as Barnhardt’s: I want our writers to speak the truth, unimpeded by fears of offending ad sponsors.
And that is why I laugh whenever some drive-by troll or an outraged reader goes into a hissy fit and threatens that he or she will no longer read FOTM. That threat is an empty one because it makes no difference to us: FOTM doesn’t live or die by how many hits we get. So if someone goes into a snit and threatens to forever leave FOTM, it’s not our loss. The loss is wholly yours!
~Eowyn

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Barnhardt rips into Obama on sodomy

After more than three years of the Imposter in the White House, many of us are almost numbed to his deeds and stunts. For sheer self-protection, we’ve amped up our threshold for feeling outraged by what this man does and what he’s capable of doing. None of the writers of Fellowship of the Minds even wrote a post on Obama’s reversal of his stance on homosexual marriage — from his previous opposition, to “I’m not sure,” to now support.
What’s repugnant is not just his change in stance. What’s repugnant is that Obama justified his support for homosexual marriage by referring to Jesus Christ.

Ann Barnhardt puts this into the proper perspective in her essay of May 9, 2012, “Mashing the Throttle on the Highway to Hell”:

Today, something happened in the “political” sphere that is truly unprecedented, although I hesitate to call it “political”, because it is obvious to anyone who is not in a Level One coma that we are way, way beyond the mere domain of “politics” at this point.

Barack Obama, who is the face and frontman for the government now controlling the territory and assets formerly called the United States of America, said and did something that has never, ever been done. He did something so evil that it literally has no precedent, and in itself guarantees that God’s wrath will be poured out on this nation and its people, and that wrath will probably be more intense than anything yet experienced by man. Yes, I fully appreciate the enormity of what I just said. Let me say it again: God’s wrath will be poured out on this nation and its people, and that wrath will probably be more intense than anything yet experienced by man. The Noahic flood brought relatively swift death to the people killed in it. I anticipate that people will be begging for death before God’s wrath is fully poured out and His Justice satisfied on the former United States of America.

What did Obama say?

Barack Obama directly correlated the Perfect Sacrifice of Jesus Christ on the Cross to sodomy.

“This is something that, you know, [Michelle and I have] talked about over the years and she, you know, she feels the same way, she feels the same way that I do. And that is that, in the end the values that I care most deeply about and she cares most deeply about is how we treat other people and, you know, I, you know, we are both practicing Christians and obviously this position may be considered to put us at odds with the views of others but, you know, when we think about our faith, the thing at root that we think about is, not only Christ sacrificing himself on our behalf, but it’s also the Golden Rule, you know, treat others the way you would want to be treated…”

So, according to the antichrist Obama and his antichrist “wife”, the perfect, infinite act of charity, namely God freely choosing to give Himself totally and without reserve on the Cross for humanity in order to make reparation for the sins of the world, is an ANALOGUE to one man jamming his erect penis up into the feces-laden descending colon of another man, and using that as a point of friction for masturbation. Both actions, according to the antichrist Obama, are manifestations of “love”, and thus Christ Crucified points, through the prism of the Golden Rule, to the “do unto others” of sodomy in all its forms, including anal sex, oral sex, masturbation in all its forms and every perversion known to man. Thus, the act of sodomy, because, according to Obama, it is a subset of the perfect Charity of Christ Crucified, MUST be celebrated by calling it “marriage”.

There ARE NOT WORDS to express the enormity of the blasphemy in this. There are four sins that cry out to God for vengeance. Yes, God’s vengeance – that thing that all of these superfun rockband and Marxist-homosexualist clergy are trying so desperately to convince you does not exist – GOD’S VENGEANCE. In reverse order, here they are:

4. Depriving the laborer of his just wage. (This is the core objective of Marxism – human slavery.)

3. Injustice to widows and orphans. (Death panels, ponzi scheme government healthcare and retirement entitlements, and abortion, which is the slaughter of children not wanted by their parents, also known as “orphans”, just to name a few manifestations.)

2. Murder.

and finally, in the number one position, the number one sin of mankind that CRIES OUT TO GOD FOR VENGENACE:

1. Sodomy.

Barack Obama just completed the quadfecta and used the Sacrifice on Calvary of Our Blessed Lord to promote, ratify and celebrate sodomy.

Folks, God will not be mocked. I don’t know much, but I do know with every fiber of my being that this WILL NOT BE TOLERATED. This nation will pay for this blasphemy and sacrilege, the likes of which I don’t think has ever happened before in human history. Hitler never said anything like this. Neither did Lenin, Stalin, Mao or any other despot for the last 2000 years. Even in pagan cultures where sodomy may have been promoted, never did the leader of pagan hordes specifically use the Holy and Perfect Sacrifice of Calvary to promote sodomy.

And you know the saddest part? Hardly anyone in this culture is going to do anything more than shrug their shoulders and shake their head at this. The offense that has been given to the Sacred Heart of Jesus is unfathomable by human minds, and yet I doubt EVEN ONE PRIEST will mention this on Sunday in his sermon, because, you know, the IRS might take away the 501(c) exemption, or something. Not only should every priest on earth be bringing the hellfire and brimstone on Sunday in his sermon, but every bishop and every priest should immediately start offering DAILY masses specially for reparation to the Sacred Heart of Jesus for this blasphemy, and admonishing every God-fearing person to get their butts to Mass and pray for mercy like they have never prayed before.

Finally, I just want to point out that the antichrist Obama’s motives in this were 100% demonic. Think about it. There was a referendum in North Carolina on same-sex marriage yesterday and it came out overwhelmingly AGAINST same-sex marriage. The left is already in Obama’s pocket. He’s not picking up any “votes” by doing this now. In fact, North Carolina proves that independents are firmly AGAINST same-sex marriage, so he’s pissing off independents too. No, he said these things because he is, in his heart and in his soul, pure, sulfuric evil from the deepest pit of hell. Remember, to call this a “political mis-step” means that you are naively assuming that there are going to be fairly contested elections in November. People, I’m telling you, the last free elections in this country are BEHIND US. Obama is perfectly willing and happy to piss off the majority of the country because he knows that “elections” will be pure theatrical fiction, if they are held at all.

I suspect we are very close to the end of our lives and our civilization as we have known them, and deservedly so. This simply CAN NOT go on. Prepare yourselves and your families, both physically and spiritually.

A booth selling “religious dildos” in San Francisco

Barnhardt is right in calling support for “gay marriage” what it is. It is support for SODOMY.
See for yourself the rampant promiscuity and the terrible physical and psychological diseases (ever heard of the “gay bowel syndrome”?) that attend the homosexual “lifestyle.” Click here.
Henry Makow points out that “gay marriage” pertains to only 1/10th of one per cent of the population. That’s how many “gays” marry in places where it is legal. For this segment, who represent less than 5% of all homosexuals, we are redefining the central rite of 98% of the population who are heterosexuals.

~Eowyn

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Ann Barnhardt Blast on Hagmann & Hagmann

WOW!!!!!

Ann Barnhardt is the guest (starting at the 9 minute mark) for a nearly 2-hour broadcast on the Hagmann & Hagmann Report and unloads on the contraception, social security, cultural corruption, the government corruption, the cult of Islam, the cabal of evil men who put their foreign-born puppet, Obama into power, and that’s just for starters.

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Why the Collapse of MF Global Should Frighten You

I try to not do apocalyptic posts because I do not want to unduly alarm our readers. But I can’t dodge this one because I believe the subject is genuinely disturbing.
I apologize for springing this on you all at Thanksgiving — a time when we should all be enjoying being with family and friends, instead of worrying about our finances and the condition of our country’s economy.

MF Global's CEO Jon Corzine with his buddy


On October 31, 2011, MF Global, a huge global financial derivatives broker, declared bankruptcy. In so doing, it became the largest Wall Street firm to collapse since the Lehman Brothers incident in September 2008, and the 8th largest bankruptcy in U.S. history.
As a financial derivatives broker, MF Global provided exchange-traded derivatives, such as futures and options as well as over-the-counter products such as contracts for difference (CFDs), foreign exchange and spread betting. MF Global was also a primary dealer in United States Treasury securities.
The Wall Street Journal reported that MF Global filed for Chapter 11 bankruptcy protection after its misguided investment of more than $6 billion in sovereign bonds issued by some of Europe’s most indebted countries. That is bad enough. But it gets worse.
MF Global broke its (and the U.S. government’s) rules on keeping customer money separate from its own trading accounts, and used some of its clients’ funds to invest in sovereign bonds issued by indebted European countries. When that investment went bust, leading to MF Global’s bankruptcy, lost too are the clients’ assets the brokerage wrongfully had used for its investment.
Here’s a timeline of what happened:

  • On August 31, 2011, MF Global had $7.3 billion in customer assets, according to Commodity Futures Trading Commission (CFTC) data.
  • On October 25, 2011 MF Global reported a $191.6 million quarterly loss as a result of trading on European government bonds.
  • In response, Moody’s and Fitch cut the company’s credit rankings to junk. 
  • Through the weekend of October 29/30, the firm’s board met in New York to consider options including a sale to avert failure, according to a person with direct knowledge of the situation. MF Global’s CEO Jon Corzine, — a Democrat, former U.S. Senator, former New Jersey governor, and former Goldman Sachs chief executive — reportedly tried, unsuccessfully, to find a buyer.
  • MF Global was stopped from doing new business with the New York Fed until it showed it was able to fulfill its responsibilities as a primary dealer, according to a statement on the regulator’s website. Trading in MF Global’s stock was halted.
  • On October 30, 2011, MF Global filed for bankruptcy.
  • That same day, Oct. 30, one of MF Global’s units reported a “material shortfall” (translated: “missing cash”) in customer funds — a shortfall estimated by James W. Giddens, the trustee overseeing the wind-down of the brokerage, to be $1.2 billion.
  • That same day, the parent company froze customer accounts with $5.45 billion. It is feared that MF Global Holdings Ltd. may have moved hundreds of millions of dollars from its futures client accounts to other accounts before its Oct. 31 bankruptcy.
  • One of MF Global’s clients who lost money is Gerald Celente, the founder and publisher of The Trends Journal. Celente revealed that he has lost his gold futures funds (valuing more than six figures) that he had with Lind-Waldock, a commodities futures brokerage owned by MF Global.
  • In papers filed in U.S. Bankruptcy Court in Manhattan, MF Global listed debt of $39.7 billion and assets of $41 billion. U.S. regulators have subpoenaed MF Global’s auditor, PricewaterhouseCoopers LLP, for information on the segregation of assets belonging to clients trading on U.S. commodity exchanges. The company is being investigated by regulators for money missing from client accounts. The U.S. Securities and Exchange Commission is also reviewing trades in MF Global Holdings Ltd. convertible bonds to determine whether some investors sold the debt based on confidential information before the firm’s demise.
On the subject of whether some investors had insider info before MF Global’s demise, Lew Rockwell writes on Nov. 16, 2011, quoting Gary North:

“Both the Commodity Futures Trading Commission and the Chicago Mercantile Exchange were charged with overseeing MF Global, their clearing member. If we are to believe them, they had no idea of any difficulties within the firm before customer accounts went missing just a few days before the collapse. But someone clearly knew of the cratering positions and imminent collapse of MF Global, as billions of dollars of accounts were “coincidentally” withdrawn, writes Huffington Post’s Daniel Dicker, noting how funds in accounts owned by the billionaire Koch brothers were withdrawn just in time, clearly suggesting that big players got a “heads up” that MF Global was going down.”

Gerald Celente


All of which led Gerald Celente, speaking to Eric King at King World News, to issue this warning to the public:

What’s the take away from this? It’s to make sure you have every penny in your pocket. Because just like MF (Global) screwed everybody else, you’re also gonna get the shaft, I don’t care who it is. What’s gonna happen when you get a message from your brokerage, from Fidelity or somebody… You have ETFs [Exchange-traded fund]? Oh, there’s a little error over here, we don’t have your money. We don’t have your positions…. So the takeaway is to make sure you have every penny in your possession.”

Ann Barnhardt


The MF Global bankruptcy also prompted Ann Barnhardt, the president of Barnhardt Capital Management (a cattle and grain hedge brokerage), to take the unprecedented and heroic step of shutting down her firm and liquidating all customer brokerage and options accounts, so as to prevent losses in what she says is a system that is no longer functioning with integrity and is suicidally risk-laden. The rule of law is non-existent, instead replaced with godless, criminal political cronyism.”
In a letter to her clients, Barnhardt calls the MF Global bankruptcy nothing other than theft of customer cash by Jon Corzine. She warns:

“No informed person can continue to engage these markets, and no moral person can continue to broker or facilitate customer engagement in what is now a massive game of Russian Roulette.

I have learned over the last week that MF Global is almost certainly the mere tip of the iceberg. There is massive industry-wide exposure to European sovereign junk debt. While other firms may not be as heavily leveraged as Corzine had MFG leveraged, and it is now thought that MFG’s leverage may have been in excess of 100:1, they are still suicidally leveraged and will likely stand massive, unmeetable collateral calls in the coming days and weeks as Europe inevitably collapses. I now suspect that the reason the Chicago Mercantile Exchange did not immediately step in to backstop the MFG implosion was because they knew and know that if they backstopped MFG, they would then be expected to backstop all of the other firms in the system when the failures began to cascade – and there simply isn’t that much money in the entire system. In short, the problem is a SYSTEMIC problem, not merely isolated to one firm.

Karl Denninger


Karl Denninger was the CEO of MCSNet in Chicago, one of the area’s first Internet providers. He is a founding contributer to conservative blog, The Market Ticker, and was one of the early members of the Tea Party movement. He now supports the Occupy Wall Street movement, and is the author of Leverage: How Cheap Money Will Destroy the World, November 2011. In his Market Ticker of Nov. 22, 2011 (h/t FOTM’s Joseph!), Denninger wrote:

“We’re done folks.

CNBC is reporting that there are now clients running out of the markets entirely because they do not believe their customer funds are safe.

That’s the end of it. The belief that there are more MF Globals has now taken hold. The thieves have pushed it too far and now we’ve got the start of a global liquidity run, and with good reason.

The authorities both in the regulatory side and on the prosecutorial side have refused to put a stop to the thievery and now the risk factors have turned into realized risk.

The market is done folks. You can be right but if you make your bet in the markets, are right, and then get screwed anyway when someone steals the money and nobody goes to jail there comes a time when people begin to understand that it can happen to them and will unless they depart the market.

We’re there folks.

Oh sure, there will be rallies and there will be selloffs. But there is no longer a market, there is no longer a thing to trade, and there is no longer a reason to believe that superior analysis will lead to profit or even safety.

This isn’t just about speculators – it is also about farmers, shippers, airlines, manufacturing concerns, everyone in business who has a need to hedge.

More than four years ago I said that the government had to step in and demand that both off-balance sheet games be ended permanently and in all forms and that all derivatives had to be put on an exchange, without exception, and that every dollar of underwater position had to be backed by an actual dollar of capital in real money, held and known to be safe.

The regulators refused and now it appears that what was put up on a regulated exchange was effectively stolen.

Well folks, then none of your investment accounts — not your IRA, 401k, not even your bank account — is safe.

Diversification is a strategy but the risk remains. It is up to you to decide how much you’re willing to risk losing to a crook. If the answer is “none” or you cannot reduce the at-risk portion of your assets to what you’re willing to lose to fraud then you can no longer participate in the market at all, in any form, nor even do business with a bank.

That sucks, but it is what it is and if this meme spreads — and it will until it’s stopped — we run the risk of a “sudden stop” economic event.

I hope you’re ready for it — I am to the best of my ability, and you ought to be.”

+++

What this all means is the following:

  • The contract between financial corporations like MF Global and the people is broken.
  • The “little people” entrust their hard-earned cash to the corporation to manage, for a handsome fee. But, instead of stewarding their clients’ money, the corporation takes that money to invest in dubious vehicles, such as government bonds issued by heavily indebted countries — without their clients’ knowledge, much less permission. Put bluntly, this is theft.
  • Our government is supposed to regulate and supervise the financial corporations’ activities. But the regulators, as in the case of Bernie Madoff, didn’t and do not do what taxpayers are paying them to do.
  • The corporation’s investments go bust. It declares bankruptcy. Its clients’ monies have disappeared or are “frozen” (which means the same thing: You can’t withdraw your money from the institution).
  • Bankruptcy means the corporation’s total debts are more than its total assets, which means there is no money to pay the clients. And since the various financial instruments offered by brokerages such as MF Global are not government-insured, this means the clients cannot recover their money, unless Congress decides to step in with a bail-out, which only means even more debt for an already broke United States of America.

This is not the first time a large financial institution has robbed and lost the money of its clients. Think the S&L crisis of the 1980s, the Madoff investment scandal in 2008. and the Lehman Brothers bankruptcy of 2008.
Nor is this the first time government regulators failed to do their job.
When institutions — financial and government — violate their compact with the people, basic trust erodes. But societies, especially highly complex societies like ours, cannot operate without a certain level of basic trust. In its place, we increasingly see short-sighted selfishness and rapacious greed. It’s every man for himself….
I’m not a financial adviser and I’m not offering any financial advice here. But if you have any money invested with brokerages, get professional independent financial advice. Better yet, learn about the various investment vehicles by reading and listening to financial advisers on talk radio. It’s not really that complicated. Then, THINK FOR YOURSELF.

Updates:

On Nov. 23, 2011, a judge ruled that MF Global’s clients won’t be allowed to form a committee to represent their interests in bankruptcy court.
Gary Gensler, the head of CFTC — the federal government agency that’s supposed to oversee MF Global — just so happens to have worked under Jon Corzine when both were at Goldman Sachs.
Jon Corzine, who has been publicly silent since his brokerage’s spectacular collapse, has been asked to appear before the Oversight and Investigations Subcommittee of the House financial Services Committee on 15 December. Read about his hearing, here.
~Eowyn

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