Quote:
Originally Posted by mookiemookie
Curtail speculation and you'll bring gas prices down. If the friggin CFTC would do what it was created to do, then this wouldn't be a problem. Bring regulatory power to bear on the OTC markets and the ICE exchange, take the profitability out of derivatives that serve no purpose except to profit at the expense of the lifeblood of the American economic machine like a vampire, and things will be better.
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I have a solution to speculators, be it gold, sugar, oil, pork bellies, ets.
Force the buyers to take delivery. Not a certificate, but actual product.
Force them to arrange transport and storage of said 10000 barrels of oil or 1000 pounds of pork bellies.
I am sick of 3 card monty games being played with things that people depend on to survive, Like grain, corn, pork, oil, and all the other things the too rich do with their money to screw the workers over.
But people that typically speculate donate much more to campaigns, than those of us living paycheck to paycheck.