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After just finishing reading Griftopia; I would not be surprised if Goldman Sachs had something to do with this or at least speculation of perishable commoditie
by mouzogu 6y ago
After just finishing reading Griftopia; I would not be surprised if Goldman Sachs had something to do with this or at least speculation of perishable commodities.
- DrBazza 6y agoSpeculation in commodities reminded me of the onion futures act [0] """ The Onion Futures Act is a United States law banning the trading of futures contracts on onions as well as "motion picture box office receipts".[1] In 1955, two onion traders, Sam Siegel and Vincent Kosuga, cornered the onion futures market on the Chicago Mercantile Exchange. The resulting regulatory actions led to the passing of the act on August 28, 1958. As of January 2021, it remains in effect.[1] The law was amended in 2010 to add motion picture box office futures to the list of banned futures contracts, in response to lobbying efforts by the Motion Picture Association of America.[2] """ 0. https://en.wikipedia.org/wiki/Onion_Futures_Act https://en.wikipedia.org/wiki/Onion_Futures_Act