Comment Text:
To whom it may concern,
I have received a letter from Senator Bill Nelson of Florida (my
state), requesting that I urge the Commission to put a stop to
speculators interfering with the price of food and energy. However, I
must tell you what I told him.
"With all do respect, the reason for the increased cost of goods is
the government's manipulation, printing of money and seemingly endless
stimulus, which devalues our dollar. If you really want to help the
American people that you took office to do, stop trying to spend our
way to prosperity. It doesn't work (Take a history lesson on the
Roman Empire, Weimar Republic, or even Great Britain only a few
decades ago to name a few). It has never worked, and never will. It
only makes the problem appear gone to the layman in the short term,
but destroys the economy in the long term. What makes it even worse
for the United States is that in the end the other world governments
will loose faith in the dollar and it will be removed as the world
reserve currency in turn destroying the American economy.
As for the speculators, they are trying to make a return that is more
in line with the true inflation rate, not the artificial one presented
by the government. We all know that it is the government that is
manipulating the interest rate to cover it's debts and not default,
not the speculator. He is only playing the game, not the one making
the rules.
I appreciate the fact that you are trying to solve a problem that is
important to us all, but when your solution is only putting a band-aid
on a bullet wound. It doesn't do any good, but waste time when we are
bleeding to death."
So, I am urging the Commission to leave the politics to the
politicians, and the markets to the market. Do not make more rules in
an over crowded rule book for the sake of making rules or because of
pressure from one group or another. Use common sense and make the
market be what it was designed to be ... FREE.
Thank you for your time,
JP
