Ann Barnhardt: This is How The COMEX Crumbles (MF G. Fallout)

Barnhardt suggests activity on the main paper exchanges will just wither, with dealers in actual physical commodities, arbitrageurs, and other sorts of retail clients and traders not able to rely on their cash, positions, or physical delivery being sacrosanct. This has been our feeling around here; that the paper commodities exchange(s) would simply become increasingly irrelevant and detached from physical prices, rather than simply "go bust" one day (there are always more cronyist 'rabbits' to pull out of the hat, for those who control the system to avoid a NOMINAL "game over"...)