If this doesn’t make you mad, absolutely nothing will!
Elizabeth Warren quizzing some regulators really says it like it is. To view this (Courtesy of CNN), please go to: http://money.cnn.com/2014/12/10/news/economy/elizabeth-warren/.
GOLD FINGER IN REVERSE…………maybe they plan on melting the excess gold
She is correct! ( unfortunately )
Yep!
Tyler Durden’s picture
What Do They Know? CME Implements Gold, Precious Metals Circuit Breakers Up To $400 Wide
Submitted by Tyler Durden on 12/11/2014 – 18:43
With memorandum S-7258, titled “Implementation of New NYMEX/COMEX Rule Regarding Special Price Fluctuation Limits for Certain NYMEX and COMEX Metals Futures and Options Contracts” released moments ago by the CME Group, and set to become effective on December 21, 2014, and which seeks a 5 minute trading halt when “price movements in lead-month primary futures contracts result in triggering events”… “as a measure that is consistent with promoting price discovery and cash-futures price convergence” in order to “deter sharp price movements that may, for example, be driven by illiquid central limit order books prevailing from time to time in otherwise liquid markets”, one wonders why now, and what does the CME know about upcoming volatility, or lack of liquidity, in the precious metals space that nobody else does (and does any of this have to do with the “berserk” algo test from November
thanks for posting the script………..I mentioned this same thing earlier…….I thought it was very important as a HEADS UP………………………….J…………….
It’s actually comical to even give the Dodd/Frank bill credence. If any normal person with any thought or aptitude can see it’s completely against the common man.
The whole bill is a joke!!! And the joke is on You!
Wake up!
Listen to what Glen Downs has to say about it in the seventh segment of the Weekend Show.
I never thought I’d agree with Elizabeth Warren, but I do on this one.
GOLD HOLDING UP WELL AFTER HOURS………………1225 FOR FRIDAY WILL BE FINE..
Listen to what Avi has to say in a Daily Editorial that will be up around 1:30 pst on Friday
Well it is Friday…………….and 1222 going into the week end……….
Well…………today makes you feel good , when you are limited on the STOCK MARKET, AND LONG GOLD………………………………..
Senator Warren should be careful…very careful!
She must have “stolen” something as a child, or done drugs as teen, or kicked her boyfriend, or said something, or did not pay taxes for a gift she received when she was the “supervisor” of something, or….something…thing…ing…g…….. AND THAT might “accidentally leak” to our “free” and “independent” press (i.e.: CNN, NBC, ABC, FOX, Rush Limbaugh, Sean Hanity, Bill O’Reily, Megyn Kelly, Keith Olberman, Chris Mathews, David Muir, George Stefanopoulos, Lawrence O’Donnell, Rachel Maddow, Wolf Blitzer, Christian Amanpour, NY Times, Wa Post, Weekly Standard, etc, etc, etc……..name one – named them all!) from our lovely Our-Tax paid people who listen and watch ALL (to keep us and our children safe, of course!!!). Then she may not be able to settle – she might(will) go to prison.
Dear Senator, you should have been somebody after Kennedy and BEFORE Reagan……we have crossed the Rubicon now! The dye has been cast!
No matter what you do (or R. Paul does) or no matter who will be the winner of ’16 election it will affect ONLY the timing, NOTT the outcome!!!!!!!!!!!
Heaven save us all!
Be well….and veryyyyyyyyyy careful…They are called To Big to Fail…Jail…Trial…etc for a reason…
Very interesting comment Petro!
Dear Al,
I wish it was just that….interesting!
I am afraid, very afraid (and I REALLY hope I’m wrong on this one!!!) that it is closer to reality than just “Interesting”….
Be well,
Petro
So, where is the Tea Party now? It is sadly telling that they aren’t throwing fits over this. This is just another form of corporate welfare where big banks can risk OPM, other peoples money, and if they get into trouble we will all have to pay to bail them out. Will we ever learn?
For me she is not from Senate, but marine corp.
Hi Peter,
Please clarify which you mean.
Thank you
She has to be very courage to said that. And more: the “to big to fail” has become “to big to JAIL”. As Gerald Celente said.
TAX PAYER ………in the US…….are now on the hook for $303 TRILLION ……zerohedge
WHAT A CONGRESS…………………
I SAY ……………Default……….BANKRUPTCY……..
The holders of these assets are the super rich. Default will wipe them out. However, inflation will benefit them since they get the money first. How much of the printed 4 trillions end up in people’s pocket? They all went to Wall Street and government.
Share and share alike…………….since they have robbed the savers………so be it…..
I just called both of my Senators telling them to vote no on this mess – if other folks that cared about this did the same it could be stopped. Complaining on sites like this sadly will do nothing to stop the madness of allowing big banks to speculate with depositors money knowing the Gov will cover the losses if things go wrong.
Ultimately it is the same thing that is going on in the stock markets. Speculators know the Fed has their backs so why not go for it and make as much as possible – the Feds printing presses will protect them!
Unfortunately, the mess is so large, there is nothing that can be done except a gradual de-risking approach over time. These derivatives affect municipalities, foreign governments, state governments, etc. Killing them cold turkey is going to create havoc and an illiquid situation.
What an absolute load of t.rds.
whats wrong with you..?? Eliz Warren is one of the handful of brave.
yes, calling our senators does have influence.
Yes sally Warren excepted.
Yes, very brave…and a breath of fresh circulating through an old, stale and out of touch herd of demented Senators–mostly grumpy old men. Hope she runs for president; that will create some colorful debates in both the primaries and the general elections..
Yes Sally it can!
Watch the video and had to laugh. I feel these regulators either sleep with bankers or are very wimpy people, or both. If I am american, I will call my senator regularly and demonstrate on street.
the heck with calling them………..THEY ALL NEED TO GO……..TERM LIMITS…., The people who you request to call……are the problem …..THEY HAVE BEEN ASLEEP AT THE SWITCH………..
No,,,I take that back , they have not been asleep,,,,,WE THE PEOPLE HAVE BEEN ASLEEP, and Trusted these morons, thieves and liars…………..TIME IS UP……$303 TRILLION………that is INSANE……….PERIOD…………
I say………….GO WARREN GO………..
Interesting that our gutless wonders in Congress passed yet another $trillion plus omnibus budget where each and every one of the guilty can hide their slop rather than voting to fund on each department of government on its own merits.
This spares the loudmouth Rs from having to put up without shutting up about funding the amnesty program for illegal immigrants created by executive order.
The larger issue isn’t amnesty, it’s the surrender of Congressional power as per our Constitution to the Executive Branch. In short, the Rs, talk big but carry a little stick….YET AGAIN!!!
Laser WEAPON………….US NAVY given ok to use new laser in Persian Gulf……..Sinclair today……………