TSXV:SLX.P - Post by User
Comment by
farshooteron May 10, 2011 2:48pm
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Post# 18555306
RE: RE: RE: CFTA finally wakes up?
RE: RE: RE: CFTA finally wakes up?The WH would be smart ( big IF ) to continue nudging CFTA on oil and gas margins. It's about politics......not Silver.
Yes, it is about politics ... but it's also about silver or, more precisely, precious metals. You see, at the end of the day, the US must protect, that is maintain, its world reserve currency status. How does it maintain it? By keeping investors interested in its US Treasuries. If investors lose interest in US Treasuries because of better, "safe" investments elsewhere, the US dollar is doomed. What are these better, safe, alternative investments to US Treasuries? Why gold and silver. Ask the central banking authorities in China, they'll tell you :-).
And one more thing ... US Treasuries are the benchmark for pricing financial assets all over the world. Once that is lost, you got market mayhem. So, If I were Obama-rama, I'd have that Citi bankster Timmy boy working overtime to get Congress to approve the expansion of the debt ceiling, or else . . . .
More margin hikes to come.
The CME is no more the only game in town.