Interesting breaking
Interesting breaking news:
Quote:
A bipartisan subcommittee report issued Wednesday showed that parent companies of major U.S. banks have acquired massive trading positions in commodities even as businesses under their control sell uranium, operate coal mines and metal warehouses, stockpile aluminum and operate power plants.
http://www.usatoday.com/story/money/business/2014/11/20/goldman-sachs-jpmorgan-morgan-stanley-senate-hearing/19293581/If banks can make money simply by creating money out of thin air and charging interest on it why do they bother to acquire physical commodities, not just to trade in them but in their production? Answer: because they can't and don't create money out of thin air.