Comment Text:
Futures are used in the real world to control costs, protect profits, reduce liability. Real people, producing real commodities, producing real good that people use and consume.
Of they are also used as a trading vehicle, of which I consider some trading to be useful as to a price discovery.
But there is a vast amount of trading that is simply absurd manipulation of the marketplace. Too much wealth is landed in too few places, add in a little bit of collusion, or the convenient excuse of "Quants following quants" and you have ridiculous moves in the futures.
These moves only serve to further enrich those who already have too much control over the markets.
Please take MANIPULATED CASINO out of the futures markets. And don't just go after breaches by the small guys who you can easily win the case against (or get an easy plea)--this just wastes time and energy, while the big players continue with their immoral capture of wealth created by others. Go after the mother-load, and let them know, prosecution in coming, and as the CEO's and CFO's at the top, let them know that they are responsible for the actions of their organizations....they cannot use their advisers as scapegoat shields.
