Originally Posted by
Brian4Liberty
Well, sometimes it's a matter of degree. Selling forward contracts on your crops is part of the farming business. No problem there, especially if your contracts are with people who will actually take delivery of your product. I question the need for a Chicago Exchange and Hedge Funds to be part of that process though. We should question the wisdom of commoditizing every conceivable product and financial instrument in the world. This does not benefit the core businesses, supply chains and customers involved. It does further the agenda and reach of Wall St. banksers like JP Sachs, who in essence collect a tax on every possible business transaction. Look how well that worked out when they commoditized debt.