Comment Text:
Dear Commodity Futures Trading Commission Members,
Energy and food prices for consumers have been increasing far beyond the inflation curves that can reasonably be expected. This completely synthetic rise in prices is due mostly to near unrestricted speculations and unreasonable positions being held. This rampant abuse of the system severely hampers economic recovery and places severe strain on those whose jobs have been curtailed and those who occupy low and middle income classifications.
The country and its people can't afford politics as usual, especially the positions held by special interest and lobbying groups. Please consider placing meaningful, monitored, and enforceable position limits on speculators in areas such as energy and food at your next meeting. In tough times like these, the American public needs someone to be a watchdog for their needs and not lobbyists, speculators, and futures traders. Prices in these vital areas have been skewed drastically and need to come back into line.
Thank you,
Jeffrey K. Seidel
8103 Camino Real #C313
Miami, FL, 33143
[email protected]
