JP Morgan Wins: CFTC Position Limits Do Not Apply To Them
Max Keiser has been promoting the Crash JP Morgan by buying and owning silver program. JP Morgan apparently is shorting the market and manipulating it all the while. I know, shocking, isn’t it?
Well, it seems as JP Morgan just doesn’t own commodity positions on the trading boards. They own the regulators too! Even more of a shock, no? 
Speaking of changing the rules…
Gold and silver are now down hard over the past two days, and the reason may have something to do with the fact that the CFTC utterly caved to JPM in their long-awaited decision on position limits in a 4-1 vote.
While position limits will eventually be set, maybe, someday, the course of action taken by the CFTC grandfathers in JPM’s (and HSBC, et al.) current outlandish positions.
Chris Martenson explains this a little more at this JP Morgan Wins link.
You’re screwed if you don’t protect or hedge your currency, AND you are screwed if you DO hedge and buy gold or silver!
Uncle Sam has got you screwed coming and going!
What a country!
Publius
