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Comment for Proposed Rule 76 FR 4752

  • From: Donald L. Mercer
    Organization(s):
    Donald L. Mercer

    Comment No: 32769
    Date: 3/25/2011

    Comment Text:

    I support the Dodd-Frank new regulations proposal because gambling on commodities is unfairly driving prices up on essentials, particularly petroleum products. That market is volatile and prices steadily reflect this practice of betting on futures to the profit of the few speculators which hurts the vast majority of consumers. This practice of allowing the few to profit at the real dollars expense of the American Consumer creates a false profit for those gambling which stacks the deck against the majority and further, seriously jeopardizes the internal security of the United States. This unconsciounable method of making profit must stop to stabilize and promote the overall health of the working poor and that growing number of them who cannot commute to work, which further creates job loss, requires an escalating number of citizens filing for AFDC, Social Security, Food Stamps and other forms of public assistance! Obviously, there is point at which this will cause an Economic meltdown and cannot be sustained indefinitely!

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