Net Cast Daily | December 2011
Ann Barnhardt, an outspoken commodities brokerage owner who shot to notoriety because she closed her doors in the wake of the MF Global bankruptcy, says it will take much more than €1 trillion [to rescue the European currency].
Barnhardt thinks the MF Global implosion and coordinated action by central banks is an early sign of systemic failure approaching. In an interview last week, she said, “Europe is done. Europe is mathematically impossible. It cannot be saved. You even want to make a start at trying to bail out Europe, we’re talking $25 trillion JUST TO START…we’re in excess of $100 trillion to bail out Europe.”
Listen to interview
Related articles
- Ann Barnhardt ~ A Broker With Integrity Closes Her Hedge Brokerage Firm (shiftfrequency.com)
- MF Global theft has destroyed the confidence in the futures and options markets (examiner.com)