Shadow Government "Money" Supply Growth from ShadowStats

Chart of U.S. Money Supply Growth

02 July, 2009

And so it goes...

"Gary Gensler was sworn in as the Chairman of the Commodity Futures Trading Commission on May 26, 2009." So begins the CFTC's Press Release extolling the virtues of Barack Obama's choice as chairman of the U.S. Commodity Futures Trading Commission. "He is a summa cum laude graduate from Wharton...Bachelor of Science in Economics...Master of Business Administration...".

And yes, this is the same Gary Gensler who was "Assistant Secretary of Financial Markets" from 1997-1999, under Goldfinger's Secretary of Treasury, Robert Rubin. The same Gary Gensler who fought, as Under Secretary of Domestic Finance (1999-2001, under Goldfinger-owned Larry Summers), to exempt from regulation the credit default swaps that later brought (Goldfinger's) AIG to its knees. The same Gary Gensler who, in between, was a Senior Advisor to Paul Sarbanes, Chairman of the Senate Banking Committee, and co-author of Sarbanes-Oxley, "reforming corporate responsibility, accounting and securities laws" after Enron.

Just the kind of guy Goldfinger needs to control commodities, and over $5 trillion in trades in their "futures".

At least commodities have futures. With Goldfinger "up 125% since Obama..." replaced Goldfinger's Paulson with Goldfinger's (NYFed) Geithner at Treasury, Goldfinger's Gensler will make sure Goldfinger does; it's not so certain that we, as Americans, do.

No comments:

Post a Comment