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Home » Articles » Silver Market News » CFTC Hearing; Poised to Act!

 

I was very impressed with the quality and intelligence of the questions asked by the CFTC commission members.  CFTC chairman, Gary Gensler continually brought up issue of the large silver concentration as being a potential problem to deal with.  The main questions seemed to be "how to deal with it", and "what would happen"?  I don't think he would ask that, unless he knew there was a problem that needed to be fixed.

Chairman Gensler specifically thanked Bart Chilton for bringing these issues up repeatedly to the CFTC; everybody there seemed to know him the best, and was recognized by Chairman Gensler as their leader on these issues.  I believe we ought to pray for all of the commissioners at this point; for their safety, that they are given Godly courage, and continue to gain wisdom and insight into the nature of the silver fraud, and how to best stop it.

There were 5 commission members of the CFTC, who asked questions from panel members that they invited to speak on their panel discussions.  They covered almost everything you could imagine, and asked nearly all the questions I would ask, they were that good.  Unfortunately, the CFTC did not ask the public anything, so I did not get to say anything.

The full event is now online, and available here:
http://www.capitolconnection.net/capcon/cftc/webcastarchive.htm

These are my notes that I took with pen on paper, then typed up later.  I sat in the back, did not take notes on everything, and I hope I don't mis-attribute things said to the wrong person, if my notes are not clear, I'll try to write, "someone said".

Panel members each had 5 minutes to read an opening statement or testimony, and questions and answers were to be limited to another 5 minutes.