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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (413315)	2/26/2011 7:09:38 PM
From: Katelew	Read Replies (2) \| Respond to of 793955

Currencies are a different animal. There are no position limits and everybody is classified as speculator. Controlling a currency market is actually near impossible I've read. The ones that are traded on exchanges are huge and very liquid. My concern is only with exchange traded commodities. Much is written about the Chinese yuan, actually Renminbi, but it's not an exchange traded currency. The smoothing of prices is the argument speculators make for not changing anything. That and the liquidity argument. The argument is losing ground, though, in recent years as prices have moved way out of correlation with the facts on the ground. Something has changed. The focus is on the role of ETFs, the use of options and swaps, i.e. commodity derivatives, and ICE, which is a relatively new commodities exchange and not under the purview of the CFTC.

To: LindyBill who wrote (413315)	2/26/2011 7:56:41 PM
From: Ish	Respond to of 793955

<<The biggest artificial movers of prices are Governments.>> I only know about the grain side of this. Few years ago the Government said we were running out of corn. Prices spiked and traders got well off. Then someone opened a door and found 300 million bushels more on hand.

To: LindyBill who wrote (413315)	2/26/2011 9:41:37 PM
From: unclewest	4 Recommendations Read Replies (1) \| Respond to of 793955

February 25, 2011 Warning Against Wars Like Iraq and Afghanistan By THOM SHANKER WEST POINT, N.Y. - Defense Secretary Robert M. Gates bluntly told an audience of West Point cadets on Friday that it would be unwise for the United States to ever fight another war like Iraq or Afghanistan, and that the chances of carrying out a change of government in that fashion again were slim. War makes winners stronger and losers weaker. Countries that expend large amounts of blood and treasure AND fail to win wars they initiate are easy pickings. We are dumber than a fence post if we don't prepare to defend our own homeland.