Comment Text:
a. In order to avoid food and energy price bubbles, the proposed speculation limits must be implemented.
It has been theorized that current and excessive speculation in the food and energy markets is responsible
for fueling the massive social unrest throughout the world which in turn is wreaking untold havoc on the
economies of the world. It is time for this insanity to be reined in.
b. Only give exemptions to businesses that deal in physical commodities (like farmers, gas stations, etc.). Do
not give any exemptions to banks, hedge funds or other financial players. Perhaps it is then that the
banking industry will be disciplined back into being just that, banks. Innovation and the expansion of
new products and businesses has been severely curtailed in the USA due to the banks being allowed to
invest the peoples' deposit bases and the government's welfare payments into these wildly speculative
ventures that we the people will have to one day bail them out of once again. I don't think is a
wise path to take after inflicting so much agony on we the people as a result of their most recent debacle.
I urge the Commission to implement the proposed rules regarding aggregate speculative position limits to prevent excessive speculation. At this time of fragile economic recovery, we cannot allow speculators to unduly affect our food and energy prices. It is a matter of human survival throughout the world which has become more and more challenging with each passing day. The insanity must be stopped and our markets restored to orderliness or I honestly fear WWIII will be imminent! We The People have had enough!
Dona from Tucson, Arizona
