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.”

http://money.cnn.com/2016/03/22/news/companies/airlines-fuel-hedges/index.html

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

 

http://www.federalreserve.gov/SECRS/2014/March/20140318/R-1479/R-1479_031114_112112_587280134486_1.pdf

Merchant Banking Activities and the Aluminum Shuffle:

http://www.nytimes.com/2013/07/21/business/a-shuffle-of-aluminum-but-to-banks-pure-gold.html?pagewanted=all&_r=0

Derivative Leverage Gone Wild!

https://leveragedpromise.com/2014/03/29/derivative-leverage-gone-wild/

 

 

 

 

 

 

 

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