Monty Pelerin's World

If you don’t hold it, you may not own it.

This video is an interview of Ann Barnhardt by Peter Schiff  where Ms. Barnhardt expresses in a “no-holds barred” manner her opinions on what is happening.

She is one angry woman with every right to be so. Her views should be heard by every American whether they invest or not. While the interview deals specifically with MF Global, the implications of what happened here are important to us all.

The Rule of Law no longer is honored. Without that, we are no better than a third-world banana republic subject to the whims of a dictator or dictator-class. Contracts and agreements have no meaning without the effective and impartial force of Law.

Every piece of paper is a contract waiting to be abrogated — stocks, bonds etc. Even segregated, identifiable, tagged assets are at risk. Even they were confiscated (stolen).

How many people are aware that brokerage funds are at risk? What about storage accounts at bullion houses? Is there any place where assets are safe other than buried in your backyard? When the government is starving, it goes hunting. We, unfortunately, are the prey. To the ruling class, we are nothing more than the feedstock to keep their plunder going.

Listen to Ms. Barnhardt and be aware of how far down the slippery slope we have already slid.

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