Comment Text:
Ok, so here I go writing a letter to those in charge of protecting the
public interest to suggest the obvious.
Futures trading is excessive. Excessive futures trading benefits The Few
at the expense of The Many. This is bad for The Many. Interesting things
about The Many: They don't like this, and there are a whole lot of them.
It seems to me, that those who have no intention of taking actual delivery
of a commodity benefit no one but themselves by being allowed to trade.
These traders produce nothing, and drive up prices acting as middlemen.
This practice is unethical and unconscionable.
It's an easy fix with a simple rule; you trade, you take actual delivery
of the product. Problem solved. (Bunch of unemployed traders...
boo-hoo.) The Many are happy. The Few, know they had it coming, and
begin looking for a new way to fleece The Many. A few of The Many keep
watch and wait for a few of The Few to make their next move.
You have the authority, power, and responsibility to make this right.
The $100b question is: Will you make it right, or will you procrastinate,
till you see the glow of torches in the moonlight?
Act now. Procrastinate later.
Thanks for reading all the way to the end,
CH
