-- Posted Tuesday, 19 January 2010 | | Source: GoldSeek.com
By Bix Weir
OPEN LETTER TO CFTC COMMISSIONERS
January 19, 2010
Commodity Futures Trading Commission Three Lafayette Centre 1155 21st Street, NW Washington, DC 20581
To the Attention of:
Chairman Gary Gensler Commissioner Bart Chilton Commissioner Jill Sommers Commissioner Michael Dunn Commissioner Scott O’Malia
Re: The Future of Gold and Silver
Honorable Commissioners:
For the past 10 years I have been fighting the CFTC to do the right thing when it comes to ending the manipulation of gold and silver. At times, I have been very accusatory and I would like to apologize to you for that. For the most part you are all fairly new to this Commission and I don’t believe that you were involved in the cover up over all these years...although there are some within the CFTC legal staff that are and they should be investigated.
Last week I watched the “Hearings on Energy Position Limits and Hedge Exemptions” and was left speechless. From the very beginning you opened the discussion of gold and silver position limits and how they needed to be addressed. I was especially impressed with Commissioner Chilton’s anger at people within the CFTC staff for NOT addressing gold and silver in this meeting due to “administrative issues”. Administrative issues…Really? (I won’t go there in this letter but you should track down WHO made that decision and investigate their ties to the banking cabal).
Thus I commend all the Commissioners for their NEW STANCE on the regulation of the monetary metals. It has been long overdue for those of us who have been in the trenches fighting the battles all these years.
Although it is true that both gold and silver have been subjected to the grossest and most egregious manipulation of any commodity in history, I fully understand the necessity of these actions over the past 40 years. No fiat monetary system could have survived this long without the secret computer price control mechanisms in place...especially in gold and silver as they ARE the only true competition to fiat money.
Had there been no computer programmed manipulation, the world would have instantaneously panicked in 1971 when the US defaulted on the gold backing of the US Dollar. Every country and investor would have piled into commodities expending every last fiat dollar in the world making commodity stockpiles disappear overnight. The world in 1971 would have seen a complete shutdown of all global economic systems and chaos would have ruled the lands.
Instead, Alan Greenspan and friends used their superior computer programming abilities to construct this elaborate scheme for what they thought was for the good of mankind. The extension of the fiat money system facilitated the expansion of the world’s infrastructure. Unlimited fiat money was used to build houses, factories, buildings, roads and communication systems throughout the world at a speed that would not have been possible without the steering (manipulating) of global commodity and currency markets. Some say that which has sprung up over the past 40 years is the greatest advancement of global infrastructure in the history of the world and that you should be commended for it.
But was the lie worth it? Yes, magnificent things were constructed but are “things” really what makes the world great? The blowback from your little project also gave the keys of the vault to the villains that have destroyed all the original good intentions. The banking cabal and military industrial complex that you enlisted to “assist” in the master plan took over the reigns of the world wide manipulation which gave them the ultimate power...the power to print money. With that came the power to destroy lives, the power to enrich themselves, the power to rule by force and the power to destroy the US Constitution. Was it all worth it? I guess history will be the judge and the jury on that one.
Now as you, as CFTC Commissioners, have the duty to decide whether or not to end the official manipulation of gold and silver. You must ask yourselves what kind of country you want the United States of America to be. One which is built on a foundation of lies with men in the dark shadows of the Treasury, Federal Reserve and Primary Dealer Banks running computer market rigging operations with every trade, in every market, in every country? Or can we create again a country with free markets built on truth and honesty and the fairness which our Founding Fathers envisioned so long ago.
You are the deciders at this moment in time. The world is watching and I pray that you have the courage to do the right thing. The market rigging operations that extended the lifespan of the fiat US Dollar have run their course and it is time to put this dark chapter in our countries history behind us. There can be NO free markets with computers controlling the trading operations. There can be no free people when they are being lied to by those who govern. We will never be free until the rule of law is restored in this once great nation. We all must do our part but you, as the regulators of commodity trading laws, must bring these dark forces that rig the gold and silver markets to a swift and final justice.
The power lies in your hands. If you need us, WE THE PEOPLE, to help you just call and we will come running to your side. We want open and honest markets in our country once again. It is time to turn off the computers and come out of the shadows.
It is time to stand up for your country before it is too late.
Know that you have our support but you must show courage.
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-- Posted Tuesday, 19 January 2010 | Digg This Article | Source: GoldSeek.com
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