Michael Greenberger (former Chief of Staff to Brooksley Born): Secret deals with CFTC staff led to futures markets with 80% speculation
Tags: Allowed, Distort, Exemptions, Futures, Markets., Secret, Speculators
Michael Greenberger (former Chief of Staff to Brooksley Born): Secret deals with CFTC staff led to futures markets with 80% speculation
Tags: Allowed, Distort, Exemptions, Futures, Markets., Secret, Speculators
March 1st, 2012 at 5:31 am
Did you know that oil, gold and the rest of the Futures Market are all 100% controlled by a computer? Skeptical about it? Come see for yourself, check my profile and watch my videos.
March 1st, 2012 at 5:33 am
The solution is to tax dependant on the length of time an investment is held for. The shorter the time the higher the tax rate on profits, equally holding an investment for an extended amount of time should become tax free. This would return the investment market to it’s purpose providing capital for industry.
March 1st, 2012 at 5:52 am
Secret Exemptions Allowed Speculators
to Distort Futures Markets
Sept-16-2011–Michael Greenberger (former Chief of Staff to Brooksley Born): Secret deals with CFTC staff led to futures markets with 80% speculation
INFO-AWARENESS – VIKEN Z KOKOZIAN
March 1st, 2012 at 6:08 am
@dangerouslytalented But it was not their intention to push up the price of silver just for the sake of pushing it up and making a quick profit. They took a huge position in silver to protect their wealth. They were tired of the Fed debasing the value of dollars and inflation was their key concern. They may have helped to create a bubble in silver but that would have happened anyway thanks to the U.S. Government and Federal Reserve manipulation of our money supply. The Hunts were scapegoats.
March 1st, 2012 at 6:29 am
@DavidAKZ How am I betting ?? The bet involves trading most of my paper assets for physical precious metals…in my hand . Mostly silver , gold if I can afford it…I’m not a roccafella ya know…No taxes no counter party risk with physical PM’s it’s INSURANCE.
March 1st, 2012 at 7:12 am
@budb11 Watch ‘The Warning’ on Frontline @ PBS
March 1st, 2012 at 7:41 am
@jloppy and then again – the horse does not turn up !
March 1st, 2012 at 8:14 am
@2011rcm 🙂
March 1st, 2012 at 9:03 am
@streetmoney21 I think they have. PM futures contracts settling for a +20% cash premium to prevent the contracted being settled in physical
March 1st, 2012 at 9:27 am
@Eraser7622 starve the beast – get out of debt
March 1st, 2012 at 9:33 am
@sheepblitzer because Wall St lobbyists are also government employees
March 1st, 2012 at 9:57 am
@denverdog44 how ?
March 1st, 2012 at 10:23 am
@babylonoise yes, until the speculators choose to short the price. Like a pimp they make money on the way up as well as the way down = instability of prices. Kind of makes a mockery of the FED’s mandate to maintain price stability and employment doesn’t it ?
March 1st, 2012 at 10:48 am
Except for Bernie Sanders. He is the only one talking about this.
March 1st, 2012 at 11:30 am
What if the elites have an economy & nobody showed up? We are getting screwed anyway, so opt out. Buy gold, silver, copper & find people willing to accept it for goods, stop using paper toilet paper money. there are loan clubs that bypass banks, if you have to use a bank use a local credit union only. Buy goods when possible on the secondary market from a person or a local store only. Don’t participate in your own financial murder. Opt out & buy from a person, even on ebay nationally.
March 1st, 2012 at 11:54 am
@quigsthevicious Thanks, it is hard to get any information of that sort without someone in the know.
March 1st, 2012 at 11:59 am
@choobie12 They’re launching their own precious metals exchange (Pan Asia Gold Exchange) by year’s end. Should be a huge deal.
March 1st, 2012 at 12:02 pm
Asia should make their own commodities market and regulate that heavily.
March 1st, 2012 at 12:22 pm
Perhaps a better idea would be simply to “factor in” the amount of speculation so that it has LITTLE to NO effect on the market.
March 1st, 2012 at 1:20 pm
The CFTC seems to be the problem. Why does the CFTC get away with not following the law? Again, banksters and their lobbyists. They’ve bought and paid off Congress and the President and probably the Supreme Court. What can the taxpayer do about this. Sue them in the court of public opinion.
March 1st, 2012 at 1:33 pm
@clearasvodka Just look up what happened to the Bunker-Hunt brothers when they pushed up the price of silver. A bubble, by nature, is the gap between the intrinsic value and the market value. Gold and silver might be relatively stable, but they are still subject to market fluctuations.
March 1st, 2012 at 1:46 pm
@dangerouslytalented Don’t belive it. The only bubbles are those that are created. Gold & silver are REAL money and a larger percentage of players in the market are physical buyers. When gold breaks $3,000 .oz next year will you still be saying it is in a bubble? When silver breaks $100 .oz will you still be saying silver is in a bubble? This is the greatest bull run in history. Period. Since the year 2000 there has been no better investment. Keep stackin’!
March 1st, 2012 at 2:23 pm
Horse Race, perfect analogy… Three Ringed Circus too…
March 1st, 2012 at 3:19 pm
@Alexopolux If people don’t know, and it is important, they need to be educated. It is “news” you know, if you don’t know.
March 1st, 2012 at 4:10 pm
Fantastic reporting on an interesting subject that no one else seems to pay any attention to.
Goldman Sachs is the root of all evil.