Comment Text:
10-005
COMMENT
CL-02518
From:
Sent:
To:
Subject:
Jack
Thursday, March 25, 2010 5:51 PM
Metals Hearing
My Views Are in Line with Jason Hommel
Attn CFTC
Commissioners:
Jason Hommel could not have defined the ongoing PM futures fraud & looming
COMEX Default Crisis any better. The CFTC supposedly exists in the public interest,
to detect and stop illegal price manipulation, especially so blatant.
Thank you for finally taking the Precious Metals Manipulation Fraud seriously enough
to have a public meeting on it. We will see if appropriate action is taken based upon
the decades-long growing mountain of manipulative evidences.
If the CFTC does not formulate and quickly implement an "exit strategy" for heavily
leveraged concentrated short position manipulation immediately, the increasingly
acute physical silver shortage and impending free market "correction" will most likely
result in the complete destruction of the USDollar, possibly almost overnight, as well as
the overall US economy in times of increasing massive bailouts and new and growing
entitlement spending. If American and USDollar Destruction and is not the secret goal
of appropriate long-overdue regulatory action, then in the interests of the public the
CFTC is supposed to protect, please formulate and implement such a strategy
immediately.
Continued complicity by the CFTC, especially as it relates to the blatant Silver Price
Manipulation which the general public is becoming increasingly and incremenetally
aware of would constitute or at least present the extremely strong appearance of
dereliction of duty on behalf of the public trust, if not playing the role of enabler in the
apparent ongoing fraud, by the likes of JPMorgan and other "Bernie Banking"
institutions, which under TARP and FED Actions in continuing "crises" have become
even "too bigger to fail", thus enabling them to continue to make increasingly risky
speculative "bets" with very heavy leverage, and almost certain guarantee of continued
monolithic bailouts in the event of inevitable failure.., which combined with continued
massive paper "money" printing at THE FED, is a recipe for INSTANT
HYPERINFLATION.
Thank you for taking into serious consideration the extremely important regulative
mandate of the CFTC, and ramifications of continued complacency and inaction
regarding the blatant ongoing fraud, US Currency and economy.
Most Sincerely,
Lenny Arendt
I agree with the above views. Sincerely, Jack Schroyer
