Comment Text:
Some 44 years ago in Economics 101, students were versed on an underlying principle of basic economics - Supply and Demand.
Oh my how times have changed!
While the Federal Reserve printing presses roll on and on, vast sums of cheap dollars are now chasing ever elusive profits through the use of commodity trades and derivative leveraging.
While the basic premise of commodity hedging once served those who physically deal with the use of these commodities to actually produce a product or service, Wall Street and the TooBigToFail Banks have made USDollar profits the focus while the producers and end users now suffer while the traders play their risky games betting on the outcomes.
The Commission has the opportunity to correct the course of this reckless derivative wagering that is causing serious harm to production of goods, services and the ultimate costs to consumers.
Commodity trading should not be gambling or wagering with the basic goods which we rely upon for our quality of life.
