Michael Greenberger (former Chief of Staff to Brooksley Born): Secret deals with CFTC staff led to futures markets with 80% speculation

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25 Responses to “Secret Exemptions Allowed Speculators to Distort Futures Markets”

  1. OilTradingAcademy Says:

    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.

  2. PiXeLS2000 Says:

    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.

  3. 88888FORCE Says:

    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

  4. clearasvodka Says:

    @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.

  5. denverdog44 Says:

    @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.

  6. DavidAKZ Says:

    @budb11 Watch ‘The Warning’ on Frontline @ PBS

  7. DavidAKZ Says:

    @jloppy and then again – the horse does not turn up !

  8. DavidAKZ Says:

    @2011rcm 🙂

  9. DavidAKZ Says:

    @streetmoney21 I think they have. PM futures contracts settling for a +20% cash premium to prevent the contracted being settled in physical

  10. DavidAKZ Says:

    @Eraser7622 starve the beast – get out of debt

  11. DavidAKZ Says:

    @sheepblitzer because Wall St lobbyists are also government employees

  12. DavidAKZ Says:

    @denverdog44 how ?

  13. DavidAKZ Says:

    @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 ?

  14. captcrais101 Says:

    Except for Bernie Sanders. He is the only one talking about this.

  15. dishesdealer417 Says:

    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.

  16. choobie12 Says:

    @quigsthevicious Thanks, it is hard to get any information of that sort without someone in the know.

  17. quigsthevicious Says:

    @choobie12 They’re launching their own precious metals exchange (Pan Asia Gold Exchange) by year’s end. Should be a huge deal.

  18. choobie12 Says:

    Asia should make their own commodities market and regulate that heavily.

  19. pantheon777 Says:

    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.

  20. budb11 Says:

    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.

  21. dangerouslytalented Says:

    @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.

  22. clearasvodka Says:

    @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’!

  23. jloppy Says:

    Horse Race, perfect analogy… Three Ringed Circus too…

  24. DrakeIcn Says:

    @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.

  25. charbroiledmonk1033 Says:

    Fantastic reporting on an interesting subject that no one else seems to pay any attention to.
    Goldman Sachs is the root of all evil.

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