Congressman Confirms Foreign Central Banks Buying US Stock Futures Is Good For Liquidity

Submitted by Tyler Durden on 12/31/2014 18:20 -0500

• Capital Markets
 
• Central Banks
 
• Foreign Central Banks
 
• Futures market
 
• House Financial Services Committee

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Before we first exposed proof of the conspiracy fact that global Central Banks are indeed trading US equity futures, it was dismissed as tin-foil-hat-wearing, pajama-wearing, basement-living conspiracy theory. So it is, perhaps, quite notable that Congress itself has now admitted that Central Banks are trading futures and that it is good for liquidity (and thus, we pre-suppose, it's for your own good, average citizen).

Thanks to one enterprising member of the public who explained to his local Congressman that:

"trading the futures market against Central Banks is like playing no limit poker against a billionaire. You will always be run out of the market and the market will be controlled by those that can print money for margin (or the next ante),"

the Congressman, a member of the House Financial Services Committee and the Subcommittee on Capital Markets, replied...

And so there it is...

h/t James Lovely

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