Hedging is a rigged game that enriches Wall Street

It seems Gold Bugs are not the only ones proclaiming “rigged” markets. Try the President of American Airlines! “Hedging is a rigged game that enriches Wall Street,” said Scott Kirby, the airline’s president, said in an interview.”


Ted Butler’s Letter to the Fed on Merchant Banking Activities March 2014:



Merchant Banking Activities and the Aluminum Shuffle:


Derivative Leverage Gone Wild!









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