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Alasdair Macleod: Deflating the derivatives balloon
2:13p ET Saturday, December 10, 2011
Dear Friend of GATA and Gold (and Silver):
Economist and former banker Alasdair Macleod, who spoke at GATA's Gold Rush 2011 conference in London in August, writes at GoldMoney today that the collapse of the MF Global brokerage house may herald the collapse of the futures and options markets as investors realize that their money is protected neither by exchanges nor governments. A transfer of trading from futures markets to physical markets, Macleod notes, would be very bad for the big short positions in gold and silver run by bullion banks. Macleod's commentary is headlined "Deflating the Derivatives Balloon" and you can find it at GoldMoney's Internet site here:
http://www.goldmoney.com/gold-research/alasdair-macleod/deflating-the-de...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
The United States Once Again Can Establish
a Stable Dollar Worth Its Weight in Gold
Lewis E. Lehrman, chairman of the Lehrman Institute, sponsor of The Gold Standard Now project, has released a plan to restore economic growth through a stable dollar.
The plan, titled "The True Gold Standard: A Monetary Reform Plan Without Official Reserve Currencies," responds to the recurrent economic crises of the last century and outlines a detailed proposal for America's leadership on "how we get from here to there." That is, how we get from the present unstable paper dollar to a stable dollar as good as gold.
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To learn more and to sign up for The Gold Standard Now's free, noncommercial, weekly report, "Prosperity through Gold," please visit:
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