Hi Mike:
You say that "THE ENTIRE CONCEPT OF FUTURES MARKETS IS ENTIRELY FRAUDULENT." I have never dealt in a futures market or in the world of options and I have a great deal of trouble getting my mind around exactly how they work and how I would use them to make money. I'm even older than Pic so that probably explains it - growing up in a world where borrowing money was something you only did with a mortgage and you paid that off just as fast as you could and then hosted a party where you burned the paper work. When you say the futures market is entirely fraudulent and we know that the CFTC will conduct public hearings and that billions of dollars worth of silver are said to exist but probably do not my head spins. Why couldn't somebody just challenge JPM or some other perpetrator of fraud at a hearing like this one and say "please take me and my regulator friend here to your storage facility so we can roam about and count your silver bars", or words to that effect? It seems so obvious that it obviously is not what it seems. The mind boggles.