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<p>[QUOTE="InfleXion, post: 1272695, member: 29012"]In the first link you posted it has a link to the CFTC web site with a statement indicating that they provided relief from traders having to post physical commodity swaps. I think this sounds worse than it is, since it goes on to say that the requirement to post these swaps was not effective until September 20, 2011. So they extended the deadline to November or January depending on what type of swap it is. It's not like they turned existing rules off just for the takedown. The fact that noone never had to post these in the past doesn't inspire confidence in the CFTC's ability to do their job, but at least it's a step in the right direction. </p><p><br /></p><p>I found the second link interesting in that it detailed the Dodd-Frank Act is supposed to be imposing position limits which would essentially remove speculation from the situation. This is something Ted Butler has been fighting for for decades, and would be a huge win for people who want to see a fairer marketplace. </p><p><br /></p><p>I agree that there are a lot of people who should be in jail (or prison more likely), and a lot of other people feel that way too as evidenced by the protests on Wall Street and at Federal Reserve buildings around the nation. Ultimately if those protestors would just buy silver they would be a lot more effective.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1272695, member: 29012"]In the first link you posted it has a link to the CFTC web site with a statement indicating that they provided relief from traders having to post physical commodity swaps. I think this sounds worse than it is, since it goes on to say that the requirement to post these swaps was not effective until September 20, 2011. So they extended the deadline to November or January depending on what type of swap it is. It's not like they turned existing rules off just for the takedown. The fact that noone never had to post these in the past doesn't inspire confidence in the CFTC's ability to do their job, but at least it's a step in the right direction. I found the second link interesting in that it detailed the Dodd-Frank Act is supposed to be imposing position limits which would essentially remove speculation from the situation. This is something Ted Butler has been fighting for for decades, and would be a huge win for people who want to see a fairer marketplace. I agree that there are a lot of people who should be in jail (or prison more likely), and a lot of other people feel that way too as evidenced by the protests on Wall Street and at Federal Reserve buildings around the nation. Ultimately if those protestors would just buy silver they would be a lot more effective.[/QUOTE]
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