I had a little thought that I wanted to put out in the aether because I thought that it really might have merit and be worth serious consideration by the powers that be. Hope that you find it at least interesting even if you disagree with me. Please accept my blanket apology for the misspelling, poor grammar and lousy structure.
The Rbob Gambit is simply this:
The country is suffering a major financial slowdown precipitated by a
drastic increase in the price of oil and thereby gasoline (the RBOB
contract can be said to be the wholesale price of gas) caused by massive
speculation in the commodities and futures markets. Laws have been
written and rewritten for decades to stop this very problem, the most
recent being the Dodd – Frank Act. The CFTC by the actions of its
commissioners have failed in their duty to enforce these laws. The CFTC
is part of the executive branch and thereby under the direct control of
the President. By exercising the power of his office, Barak Obama has
the means to revive the economy, increase employment, stem the tide of
bankruptcies and home foreclosures, reduce basic food and energy prices
for billions around the world and thereby help revive the world’s
economic engine. Requiring the CFTC to pass rules to ensure that
commodities markets are free of excessive speculation as required by the
congress is not only his purview it is his duty. It is legal, requires
no new legislation, can be done in weeks not months, costs nothing, and
will return hundreds of billions of dollars of purchasing power to
American consumers that will drive growth.
If you support this idea, then please sign my petition
and forward a link to everyone that might help.
tia ( Thanks in Advance )