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Tell me what business does anyone other than a primary producer or a food company have in trading wheat futures? Parties other than oil producers/industrial consumers in oil futures etc?
Its speculation for speculations sake, which is the art of profiting from market inefficiencies whilst value adding absolutely nothing, and when you're a big enough entity to move and manipulate markets to your advantage its truly parasitic!
The purpose of a bank is to be a conduit between those requiring loans, and those with capital to lend.
Investment banks creating money and then distorting markets with it to their own ends is predatory, parasitic and serves nobodies interests but their own.
/rant
Last edited by Starkler; 26-10-2009 at 07:05 PM.
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