Jul. 22, 2023
Hi, I'm a firm believer of transparency in the markets. I think it's a 'must' for a country like the USA that regulators have the authority to find/track any position in the markets, if needed. Preferably, when necessary and possible, there should even be a cooperation with regulators of foreign markets. I am of the opinion that it's vital to a democracy. When the big market participants have the ability to increase inflation, by driving up commodities without any fundamental reason, anyone can see how dangerous this is, for any sitting US president. I am also of the believe that some big market participants would do anything to get out of losing positions. Anything includes throwing chaos, deliberately trying to crash markets, etc. Again, this is very precarious for any sitting US president, no matter if it's a Democrat/Republican party. Since the USA has a two-party system, anyone can see how vital it is to a democracy to have fair, free, and transparent markets where the rules should be followed by anyone. I'm also of the opinion that if the fines are too low in comparison with the money gained by not following the rules, it becomes a 'part of business' for some professionals. I do think the time to reform markets against fraud, manipulation, or deception is here. Kind regards, Gunter.