So you don’t really realize what when on here with MF Global, the CME, and how the customers were treated. OK.
If the bit about having your wealth local so you can guard it with an assault rifle is all you took away from this, you aren’t paying attention. The real issue is the lack of integrity in the system. The rest falls out from that, and is the reason Ann made that comment. Do you have anything substantive to say on the underlying issues, or are you just trying to gin up an online argument with the stupid rubes out in the sticks? By the way, do you have one of these on your wall?: http://strangemaps.files.wordpress.com/2007/02/newyorker2.JPG
You can go back to your sparring with other FReepers on various issues now (some of which I agree with you on).
International trust was broken in 1971. Back in 2008 AP's like me noted the deeper breakdown of financial trust. It was partly papered over by sending TARP money to European banks and by central bank lending. The next bust will break it down further with more hard asset confiscation closer to home. Think about what Saudi will want for their oil, or China for their products. Paper IOUs?