Is Commodity Futures Exchange Act true reason for Economic Collapse?
Question by JEN MYOB: Is Commodity Futures Exchange Act true reason for Economic Collapse?
I watched 60 minutes this eve and was immersed in how our Government was allowing this Futures Exchange Act in 2000 for the Stock Market which was basically flying in the face of Bucket Shop Laws that disallowed and made it a felony to BET on our U.S. Market downturn & upswing. Bucket Shop Laws made it a Felony to Bet on it and our WONDERFUL Government re-allowed it which opened up the opportunistic greed that sealed our present condition. Is this true?
I know about puts/calls which is gambling on the market as well…shouldn’t THAT practice as well as this Commodity Futures Exchange Act no longer be allowed?
http://en.wikipedia.org/wiki/Bucket_shop_(stock_market)
http://en.wikipedia.org/wiki/Credit_default_swap
http://www.time.com/time/business/article/0,8599,1723152,00.html?imw=Y
Best answer:
Answer by AUTONOMOUS
“Commodity Futures Modernization Act of 2000” was a financial house of cards. This act allowed credit-swaps (outlawed previously by Glass-Steagall) to come back into play. So people could once again “buy cheap insurance bets” that “covered” losses on stocks.
Meanwhile people’s mortgages were being re-packaged into “mortgage securities” as stocks for investors to buy. Lot’s of the investors made “side bets” by buying credit-swaps as insurance in case the mortgage securities went sour from home owner foreclosures…
The market went sour, the mortgage securities tanked, the credit-swap “insurance” had to be paid, and We the People are now paying for all the losses…
What do you think? Answer below!
Silver Price Over $40 Gold $1603, Economic Collapse in West, Building Mega Cities in the East
Silver prices above Gold price at 03. With western economies on the verge of an economic collapse, the Asian countries are building mega cities. While some may be empty right now, they likely wont be for long. Cities are a large consumer of energy and commodities. Growing populations in Asia and around the world will be the driver for the forseeable future of commodities and energy consuption. The rising wages of workers in Asia will allow more of them to invest in silver and gold bullion as well as buy all the same gadgets of their western counter parts. Correction: China will be building 20 cities a year for the next 20 years. I misspoke in the vid and said 2015. Chinas empty cities www.dailymail.co.uk Google Map of Mega City maps.google.com India to Build private cities business.in.com India’s Solar cities www.indianexpress.com Migrant Workers Refuse to go back to farm www.montrealgazette.com
Video Rating: 4 / 5
PPP: Ghana's economy faces collapse
PPP: Ghana's economy faces collapse
“The Bank of Ghana has recognised this threat to the economy and has pumped several millions of US dollars into the system. But, the Ghana cedi is still losing value. Indeed, we find it rather strange that our forex reserves during 2011 fell despite …
Read more on Citifmonline
Quality Signal Service Added to NetPicks Lineup With Options Live Advisory
Options Live Advisory is an all-encompassing signal service that notifies consumers at what time and position to execute profitable trades. The system transforms options trading into a fun and easy way to trade options. “I've traded and seen success in …
Read more on SBWire (press release)
WORLD FOREX: London Market Starts 2012 In An Upbeat Mood
At 1219 GMT, the euro was trading at $ 1.3032 against the dollar, compared with $ 1.2935 late Monday in New York, according to trading system EBS. The dollar was at Y76.72 against the yen, compared with Y76.89, while the euro was at Y100.00 compared with …
Read more on Wall Street Journal
Categories: Forex Trading System Tags: Collapse, Economy, faces, Ghana's
The Vulcan Report (59) – Gold Spot Prices collapse along with the US Dollar and the US Stock Market
THE VULCAN REPORT Please remember to RATE, SHARE, FAVORITE, COMMENT AND SUBSCRIBE. You can now follow the Vulcan Report on Twitter (SEE BELOW). Remember, BULLS make money $ $ $ BEARS make money $ $ $ BUT PIGS get slaughtered! “TAKE WHAT YOU CAN ………GIVE NOTHING BACK”!! For…
Video Rating: 5 / 5
Is it true that theres hedge fund spec in the copper futures market and that the price will soon collapse?
Question by chokito: Is it true that theres hedge fund spec in the copper futures market and that the price will soon collapse?
I’ve heard that hedge funds and merchants are hiding copper stocks everywhere with the aim of squeezing copper shorts. But the hidden stocks are so large relative to the market size that when they try to profit from the squeezing the price will go down to less than $ 1 a pound form $ 2.24 now.
Best answer:
Answer by coyote
Hedge fund cowboys are smart and crafty, so I wouldn’t put it past em. I’d invest instead in Whole Foods Market, and that’s where I’d go to fix health problems instead of using doctors.
Give your answer to this question below!
Hedge Funds Bet on Collapse of WTI-Brent Spread: Energy Markets
Hedge Funds Bet on Collapse of WTI-Brent Spread: Energy Markets
Money managers boosted net-long wagers in futures and options by 15 percent in the week ended Oct. 25, according to the Commodity Futures Trading Commission's Commitments of Traders report on Oct. 28. Hedge funds slashed bullish bets on Brent by 11 …
Read more on San Francisco Chronicle
US GAS: Futures Sell Off As Mild Weather Curbs Demand
By Dan Strumpf Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)–Natural-gas futures sold off sharply Tuesday, as traders looked ahead to mild weather in November and a late start to the winter-heating-demand season. Natural gas for December delivery …
Read more on Wall Street Journal
DTCC Applies to Register Swap Data Repository for Multiple Asset Classes with CFTC
NEW YORK, Nov 01, 2011 (BUSINESS WIRE) — The Depository Trust & Clearing Corporation (DTCC) announced that it had filed a registration application with the US Commodity Futures Trading Commission (CFTC) to operate a swaps data repository (SDR), …
Read more on MarketWatch (press release)