c. f.t.c. and the f.c.c. for appropriate reasons but this was you know you have to remember the role politics this was the house controlled by republicans seeking to go after democrats largely. but most of the regulation the lead regulation in these cases. is actually. by the industry itself this is so for a delusion believing regulator of m.f. global was an acronym for c m e nobody outside the traders even know exists ok so that's i mean that's a whole can of worms so can regulators even do their jobs and there's what is really the issue because we hear about them being underfunded we hear about cronyism with a kind of goldman sachs for eternity we hear about cases where they have indications of there was a report from the f.c.c. watchdog of of fraud on the account of a hedge fund that was just never pursued so so why aren't they able to do their jobs. well you know they are able to do their jobs their own willing to do their jobs it's quite true that you can never have adequate resources as a regulator it's

group went testifying before the c f.t.c. group said there was no issue with delivery from the comix because at worst it though he mentioned that there were ten bars of gold and silver trading for every single bar in existence there or was it one hundred to one hundred to one hundred to one and he said it wouldn't be an issue because we could just deliver in paper. well that shows you the mentality of the people who are supposed to be the custodian of your precious metal they think paper is equivalent to metal number two this only adds credence to those who say that the comix b.m.a. don't have the physical server number three if you have a receipt at the comix it's worthless garbage you need actual metal in a vault but here's an issue of this gold and silver property being sold off and you're getting a discount but what's to say that couldn't be applied to the whole property market in the united states what if somebody just shows up at your house and they've sold it because they said oh you know bank of america went bust what