29 Aug '15, 4pm

#peakoil America is the problem: Any more trading for butter? Closed. It was the mid 90s, but the CME floor wa...

It was the mid 90s, but the CME floor was vibrant. There was a recent scandal where the FBI found nearly nothing by wearing wires and trading horribly in the currency pits. They were trying to bust independent traders by showing how they were manipulating the markets. It seemed too good to be true that a bunch of yahoos could stand around a pit trading against the best currency in the world and making other countries sweat about what the final price of the day was to measure their foreign reserves. Big Guv had it all wrong.

Full article: http://peakoil.com/consumption/america-is-the-problem

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