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Bart Chilton To Commodities Traders: You Are On Your Own
While the government is by and large shut down, the various market "regulators" have been quite vocal in reiterating that they will stay open. After all - in a world in which the capital markets are the only policy (not to mention confidence boosting) vehicle left, one can't have a situation in which mom and pop investors lose faith in "free, efficient and unbroken markets" and stay out. The SEC went so far as to post the following announcement on its site: "The SEC will remain open and operational in the event the federal government undergoes a lapse in appropriations on October 1."
However, this appears to be the case only for stocks.
For commodities, such as gold and silver which both got pummeled around the usual time of the London fixing as reported previously, it is a different matter entirely. Bart Chilton, in this email exchange with a reader, explains why investors in non-stock instruments are as of this moment, largely on their own.
From: Chilton, Bart <BChilton@cftc.gov>
Date: Tue, Oct 1, 2013 at 9:32 AM
Subject: Re: Today's Smackdown
To: XXX@XXX
No regulators looking at markets due to government shut down.
B
NOTE: Ponzimonium: How Scam Artists are Ripping Off America, is now available in a FREE EBOOK edition. Go to the link for your copy and a Government Book Talk interview: http://govbooktalk.gpo.gov/2013/09/03/post-ponzimonium-an-interview-from-the-front-lines/
* * *
From: XXX@XXX
Sent: Tuesday, October 01, 2013 09:16 AM Eastern Standard Time
To: Chilton, Bart
Subject: Today's Smackdown
Commissioner Chilton,
Any comment on this morning's shenanagins in the gold and silver pits? Time to reopen an investigation?
Is credibility important to the CFTC?
Regards,
XXX
Well, the government may be down, but at least Bart is willing to soldier on and since he is deemed "essential", is kind enough to not only reply to emails but also to recommend his recently published book, titled appropriately, Ponzimonium. As for the rhetorical question of how important credibility is to the CFTC, we are confident it is just that: rhetorical.
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Plenty of freeloaders in the government collecting huge salaries.
Yah Bart, we kind of noticed already...
Like any of those corrupt, toxic ass-lick maggots were doing anything before... heat up the tar... gather the feathers... let's DO these human 'roids!
And if we do just fine without The Chilton, it only proves once again that LESS government is BETTER government!
As a full-time commodities trader, this is the LAST thing I'm worried about!
Is Bart totally unaware of the ironic humor?
So much for unsuprising news...
How about a BIG SURPRISE?
http://www.politico.com/story/2013/09/fast-and-furious-doj-documents-976...
Cooked goose or just anothe pate' spread ?
231K workers at the Department of Homeland Security and two fluffers with a pressure cooker blow up a marathon race. Fire em all. Every Fing one of them. Then the Po Po say stay in your homes while we invade them without warrants to look for a teenager possibly armed. F me. What universe did I land in? I rode the city bus with a single shot shogun in a case in 1967 at the age of 12. No one batted an eye. What happened to America? What happened to men and women saying F you and your departments. F you and your snail darter. F you and turning off our water for a Fing minnow that is endangered. Shut down all the coal plants. Put three states out of work. That won't effect Caterpillar up there in Tax land of Illinois do you think? F, if I wasnt married I think I might just jump on a box car and ride the rails for a few years. It would have to be more fun than paying taxes to support these leeches. Hell, calling them leeches does a disservice to leeches as at least you can use them for fish bait. Hey, wait a minute, I think I may be on to something,,,,,, nevermind.
Spenard, are you short Nov Corn? Just wondering, thanks,
WOOHOO!
Cops are outta town!
Let's hold the markets down and shit in their mouths!
Or in other words commodities traders: We're all gold and silver traders now
When the cats away the mice will play. No regulators but plenty of manipulators.
Algos are on their own!
>implying he ever did any oversight in the first place
So in other words its like any other day.
Not to worry...Gary 'Goldman Sach O'Shit' Gensler is manning the bridge
That Dauber hairdo alone indicates poor judgement and a lack of sense.
Chillmaster Bart LOLz