[plenipotentiary]

I asked a couple of Bankers what they were doing with Deposits now they had cut down on Mortgage Lending. One said they were putting it into Commodities. I suggested that was speculative. He didn’t seem to think so.

So I believe the surplus Deposit money is driving up all commodity prices, not just oil, (and it’s an endless spiral cos the cash circulates from Depositor to Bank to Commodity to Depositor). The rules need to be changed so Banks can’t use Deposits to speculate.

[freedomfiter2]

The rules need to be changed so Banks can’t use Deposits to speculate.

The rules need to be changed so that only investors that have facilities to take delivery of the commodity can bid.

[pgyanke]

The rules need to be changed so Banks can’t use Deposits to speculate.

Close. The rules need to be reinstated... Glass-Steagall Act.

[Toddsterpatriot]

One said they were putting it into Commodities. I suggested that was speculative. He didn’t seem to think so.

I'd be interested to know what bank thinks they can put customer deposits into commodities.