Secret Exemptions Allowed Speculators to Distort Futures Markets

[OilTradingAcademy]

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.

[PiXeLS2000]

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.

[88888FORCE]

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

[captcrais101]

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

[dishesdealer417]

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.

[choobie12]

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

[quigsthevicious]

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

[choobie12]

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

[pantheon777]

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.

[budb11]

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.

[DavidAKZ]

@budb11 Watch 'The Warning' on Frontline @ PBS

[jloppy]

Horse Race, perfect analogy... Three Ringed Circus too...

[DavidAKZ]

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

[charbroiledmonk1033]

Fantastic reporting on an interesting subject that no one else seems to pay any attention to.

Goldman Sachs is the root of all evil.

[2011rcm]

If all the speculation money was put into producing a proper economy imagine how many people would have jobs.

[DavidAKZ]

@2011rcm :-)

[streetmoney21]

Goldman and MS are not the only financial institutions who are doing this. Chase and HSBC are doing it to short silver and gold. When will the real news network wake up and look into silver manipulation at the COMEX and the LBMA?

[DavidAKZ]

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

[Eraser7622]

It is for the reasons outlined in this video that I will never again pay any bank one red cent. if you have bank debt, default now.. its the only way to fight in a non-violent way... starve the beast, or be fed to the beast as a snack.. no alternative until the system is finally collapsed.

[DavidAKZ]

@Eraser7622 starve the beast - get out of debt

[sheepblitzer]

(~14:00) How can Wall street lobbyists slow down or prevent regulations? what authority or means of persuasion do they have over policymakers, at all?  money? Isn't that corruption, plain and simple?

[allgoo19]

@sheepblitzer "money? Isn't that corruption, plain and simple?"

It sure is bribery but they want to call it "political contribution".

Same reason why tax to the riches keeps coming down, becuase they buy the politicians to do so.

Two sure things to crash the economy, deregulation and tax cut to the riches, and they pay for it.

Greed doens't have good memory. It happened in 1920s and it's happening again.

I even made my own theory that it'll come around every 100 yrs.

[DavidAKZ]

@sheepblitzer because Wall St lobbyists are also government employees

[denverdog44]

I'm betting JP Morgan is going to crash.

[DavidAKZ]

@denverdog44 how ?

[denverdog44]

@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.

[WaterfrontConsultant]

Relative stability is also important in markets as it allows operators in related industry to plan and produce with less fear / surcharge due to instable prices for inputs such as fuel. If you run a delivery service, for instance, you can operate on a smaller profit margin if you are confident your fuel price will not suddenly surge. Commodity price stability helps entire economies operate more efficiently.

Presenting news in this sort of format is also more productive than modern hype!

[babylonoise]

will these high prices stimulate production of commodities ?

lifts tar sands revenues up a bit ?

what about subventions for corn/ethanol/biogas - obsolete ?

etc

[DavidAKZ]

@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 ?

[slobomotion]

Uprated, favorited, likely to share. Will have to watch it all again right now. Thank you.

[CazyDayz]

man watching this video makes me think we are doomed ! this is just sad and no one wants to fix it.

[wotan20]

This Mr. Greenberger makes more sense to me, and sound more genuine, than that smiley, overoptimistic Johnny Weissmuller (classic Tarzan actor) lookalike, who was recently interviewed on the same subject.

[walkwalkslow]

Wow. The Real News simply blows the cartoon news (NBC, ABC, et al) out of the proverbial water! 

[000deadcalm000]

High Frequency computer trading is a large part of the problem here, however the biggest problem by far, is wide-spread corruption, fraud and outright theft by Banks and Wall St.

[EndTheFedRes]

@000deadcalm000 Great comment. Don't forget "naked shorting". Naked shorting means your betting the price will go down, and you don't have the physical commodity. It is speculated that for every 100 ounces of silver shorted that one (1) ounce of physical silver is actually held. This is FRAUD!!! They are artificially suppressing the price of precious metals through paper manipulation. Who cares? PM's control the "value" of CURRENCY. They are making TRILLIONS. Spiel not aimed at you 000.

[boumar19721972]

@000deadcalm000 /watch?v=4Z9WVZddH9w

[Alexopolux]

I love when a lecture in history and economics is sold as "news". The RNN format should be replicated for the entire world.

[wotan20]

@Alexopolux Well, this is no 'news' in the classical sense, but more like 'news analysis' but you're right in a sense that it is highly educational. It's nice in the general sense also, that there are still a few newsorganizations left, which regard these subjects as 'newsworthy', because they see their viewers to be Humans, who are endowed by reason and curiosity.

[kawaiigardiner]

@wotan20 One could argue that it is impossible to understand the news without some sort of context - one could put out the news but then one wouldn't understand how that relates to the real world or how things historically have operated. Politicians tend to open their mouth and says things but if people don't realise that the same mistake has been made before then as a nation we're doomed to repeating it.

[wotan20]

@kawaiigardiner Doubtless it's an excellent point, which you articulated well. And in light of this, the balk of the news media fails the people miserably. I hardly remember when was the last time, I heard anyone tackling the issues with unhurried seriousness and intellectual substance. Perhaps the McNeil-Lehrer Newshour at PBS was the 'last Mohican', where I felt that I was regarded as an intelligent human being, to whom issues could be presented via standard reasoning and articulation.

[GohanMH1]

@Alexopolux

The Real Olds Network

:)

[DrakeIcn]

@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.

[TheSilverizzy]

stop all the day traders

[BrotherDown1]

Greed is necessary for economic growth. However, unregulated greed is its destruction.

Like Mr. Greenberger said - you need some speculation in markets for them to run smoothly, but excessive speculation inflates the markets and all that extra cash flows right bankers pockets at the expense of the general population.

End unnecessary speculation with position limits!!!

[Eraser7622]

The Bernake/Fed/Treasury doesn't want commodities prices to come down b/c that would do a few things.. it would be deflationary from the Fed's stand point, it would crash the derivatives market (which would, it turn, spell the fast and furious end to the ponzi scheme that has been built upon 60+ TRILLION of paper derivatives), and it would lastly be to the advantage of the citizens of this nation, and to the disadvantage of the big banks.

Isn't this issue enough by itself to prove plutocracy?

[johngotting]

Lucid and gripping .

[JWnFL]

That was one of the Best Video's that you guys have put out! PLEASE BRING BACK Mr.Greenberger!! Pretty!!! Please!!!!

Fantastic, Organic and easily understandable by any and ALL! I hope it goes Viral! I have tweeted and facbooked the Video and reposted it at zerohedge (dot) com.

Good Luck and God Bless us ALL!

[cobhcmofo313]

if i grow corn, and i sit on the side of the road and sell it for 50 bucks an ear, isnt it up to the consumer not to get sucker'd into buying it at that price??? wasn't buyer beware part of that??? banks do seem like the bottom line

[bsimpson505]

Great interview!

[kroovyandcal]

Legislation usually means some corporate interest putting its business under via law made by their lawyers and signed into existence by the politicians or government agents that they bought off. (cheap and easy to do). DEMOCRATS MUST understand this, because the legislation is sold to them as wonderful when it is not

[kjr63]

Fantastic! Great job, Paul Jay.

[mrx0066600]

So thanks to Wall Street cunts and rich douche bags betting against prices dropping, America is paying the bill.

We need to over throw wall street.

[mrx0066600]

Is gambling legal in NY?

[Cabronosidad]

It's an inverted Robin Hood scenario, robbing from the poor to give to the rich once again. Excellent upload Real News. What a pity the mainstream media doesn't cover this story.

[clearasvodka]

A cabal of crooks. Tune out and load up on physical gold & silver. Food, land, guns and other tangible assets. Boycott the beast! Starve the system...

[dangerouslytalented]

@clearasvodka Gold and silver are the biggest bubbles of all, goldline and glenn beck are feeding it and speculators are making a mint off them.

[DavidAKZ]

@dangerouslytalented they are not if you consider the end of the financialised economy

[dangerouslytalented]

@DavidAKZ even then, other goods and resources would be a better bet. Things where speculation has not distorted the market.

[clearasvodka]

@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'!

[dangerouslytalented]

@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.

[clearasvodka]

@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.