Just Dropped In To See…

… what condition my condition was in. 

Gary Gensler of the CFTC  

Bart Chilton channels Kenny Rogers and the First Edition’s 1968 psychedelic hit with the 2011 rendition of “Assume the position limit your position limit is in.”  Chilton once again makes his point that the Commodities Future Trading Commission has no intention of imposing the limits as required, instead he recommends a “points” system.  Why measure in dollars what you can measure in points?  It sounds like the equivalent of the IMF’s Special Drawing Rights applied to the short position in silver at J. P. Morgan inherited from Bear Stearns.

Here’s a link to the rest of the release from Kitco.com:  http://www.kitco.com/reports/KitcoNews20110104DeCKN.html

Here are links to our previous posts on everyone’s favorite CFTC Commissioner Bart Chilton:  http://tradewithdave.com/?p=4331

3 Responses to “Just Dropped In To See…”

  1. [...] Here’s a link to a series of posts relating to the build up on this and the continuous delays with special attention to the short silver position held by J. P. Morgan as inherited in their acquisition of Bear Stearns.  Also, we expound on the role of CFTC commissioner Bart Chilton: http://tradewithdave.com/?p=4567 [...]

  2. [...] There’s a fourteen year old programmer out there somewhere who has plans for your “world system” and if you believe that the world IS your system, then just might you be believing that you can live by that sword.  As the super-entities give rise to the super innovating tech company which gives rise to the attempt to do what Marx believed in most all along – deciding what is best for you and your family, what’s a lobbyist to do?  4 out of 5 Politicians, technicians, economists and street rioters may agree that whoever possesses the information possesses the power to change behavior of the observed by the observer.  But what of the ten year old girl who revealed recently at DEFCON how she hacked the game clock to exploit a social gaming network http://www.pcmag.com/article2/0,2817,2390671,00.asp.  Did she get the memo, or are you ready to see her download your entire Zynga/Farmville grain elevator into her offshore CFTC  integrity ”points” account.  http://tradewithdave.com/?p=4567 [...]

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