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I'd like to see and read that regulation,"On Tuesday, the Commodity Futures Trading Commission (CFTC) voted to put position limits on commodity markets," so far, most everyone has been granted an exception.
Does anyone have a link and does anyone a have a "status" as far as whom will or won't have position limits imposed?
Never mind, I see it's more of the "Same".
"The path to finalization was fraught with partisanship, squeaking by at 3 votes to 2. But Reuters Legal anticipates that position limits will not come into effect without a fight. Their market analyst predicts that industry groups may bring legal action in the conservative D.C. Circuit Court. The technical legal issue will center around the CFTC’s authority to impose position limits preemptively: “Does the commission need to show excessive speculation has caused sudden or unreasonable fluctuations or unwarranted changes in commodity prices and position limits are the only means of ‘diminishing, eliminating or preventing’ the burden on interstate commerce? Or has Congress given the commission an explicit instruction to impose them preemptively?” Alternately, position limits opponents may use another strategy that has worked against Dodd-Frank. The Chamber of Commerce was able to strike down one Dodd-Frank rule written by the SEC by arguing that the agency inadequately assessed the rule’s cost-benefit ratio."
Thank you for that information. It sounds like there's at least going to be legal delays on the way to implementing the rules, and then exemptions...
More MBS will be bought and the dollar will fall again imo. The Fed is owned by bankers and will do their bidding which is to do what the Fed has been doing...monetizing the debt in an orderly way to save banks.
Add this coming monetization + the massive trade deficits + falling tax revenues + slower aggragate demand and I see much more pritning to stave off deflation.....a weaker dollar and higher commodity prices.
The REAL purpose of QE is to help banks unload foreclosed property and property in default. The Fed is hoping to spur real estate buying by the public even while home prices have not cleared at market prices. There is still lots of downside in home prices but artificial support by Fed and govt programs is keeping a bid under prices. Some banks cannot afford property to be marked to market because it would crimp their capital structure. The Fed is now trying to help.
"The Fed is now trying to help"
Haha you're a funny bloke yeah?
The Fed has already tried helping (the Gangster Bwankers) with QE1, Lite and 2... the 'bid' under toxic mortgages didn't help any, in fact the NY Feds offerings back to the market of their stinky WS shit went bidless. The Feds primary role to 'backstop' US Banks, well the big bankrupt most criminally ingratiated ones at least, is going really well. Being Govt mandated to be the most retarded suicidal investor on the planet and last bag carrier dumb enough to 'buy and hold' the most toxic crap from the arseholes of Dimon and Blankfein fits peanut-brained Benny down to the ground
How well has Benny done with the empty shopping malls and fried chicken joints the Fed now owns? Er, not well at all. He hasn't managed to pump up or even hold the value of any of the shit he now has on his gooey hands. It's looking so crap he's now had to start cooking his books (making up his own Fairy Land valuations) even more-so than his corrupt usual criminal self
So if Benny cannot rig the prices of the toxic garbage in his own hands with counterfeit wealth printing how'd the pea-brained little toe-rag ever imagine a second round of twat-investing swallowing yet more shit from WS's rectum is going to work out? ...it'll be different this time ...you guys just crack me up, just too funny
This is simply not true: ". . .because it would help the economy through lower mortgage costs that would boost home purchases and spending by people who refinance their home loans."
Lies. So what are the real reasons to buy up these RMBSs?
To get them off the Fed balance sheet, the Fed is overleveraged after all:)
Anyone care to tell those bunch of Jewish fellas running the FED that QE1, QE2, QE Lite, QE Twist and shout DID F**K ALL to help the economy...
... and can someone please tell the common man, that the FED has no intention of saving the economy, that is not the agenda they have been given by their masters. Their agenda is to enslave the peoples of the world via their confetti scam. They've bought up the governments, armies, corporations, etc with nothing but fresh air while simultaneously destroying the value of people's store of wealth from their labor and toil.
Some persons need to hang, the sooner the better for all of us. The enemy is domestic and in plain sight.
Oath of Enlistment in the U.S. Armed Forces: I, (NAME), do solemnly swear (or affirm) that I will support and defend the Constitution of the United States against all enemies, foreign and domestic; that I will bear true faith and allegiance to the same; and that I will obey the orders of the President of the United States and the orders of the officers appointed over me, according to regulations and the Uniform Code of Military Justice. So help me God.
The more I listen to Alex Jones the more I agree with you. Tells us more Mr. FMB.
The fact is, so many predators have joined the statism/authoritarianism racket in the past few decades, that hanging everyone who deserves to be hung would put a small but visible dent in the global population problem, and a huge dent in the global human predator infestation.
Soylent Green ?
Damn! And since so much "money" is green, that has a nice implication to it. Good one.
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