The S&P, the Dow, US Treasury Bonds, CURRENCIES (WHAT THE $%^&!), Petroleum, Metals, Agricultural Products, everything. The Chicago Mercantile Exchange and CFTC have openly confirmed that CENTRAL BANKS are in the markets by posting the REDUCED FEE STRUCTURE for CENTRAL BANKS that trade the futures and options markets. That link goes to the CFTC. The Commodity. Futures. Trading. Commission. As in the Federal Government of the Iniquitous Gutter Kleptarchy, your tax dollars at work, ‘Merica. The CME has a special incentive program for Central Banks to trade. Isn’t that nice of Terry Duffy and the boys to give the Central Banks a break on fees? Aw.
Here is the write up at ZeroHedge, sourced from, yet again, Nanex.
There is no acid-trip rabbit hole deep enough to match the depths of insanity that have now been plumbed.
Are we fuzzy on what a ‘Central Bank’ is? Well, let’s go the definition just so everyone is crystal, crystal clear on this:
Central Bank: an institution that manages a state’s currency, money supply, and interest rates. Central banks also usually oversee the commercial banking system of their respective countries. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the amount of money in the nation, and usually also prints the national currency, which usually serves as the nation’s legal tender.
Um, yeah.
Sooooo do you think that it is a tiny bit problematic for entities that PRINT MONEY to trade equity, currency and commodity markets?
This post was published at Barnhardt on August 30, 2014.
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