Comment Text:
10-005
COMMENT
CL-02542
From:
Sent:
To:
Subject:
josh rain
Thursday, March 25, 2010 1:58 AM
Metals Heating
metals position limits
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.
http://silverstockreport.com/2010/cftc-letter.html
Most Sincerely,
Josh Rain
Concerned American Citizen
