How Commodities Markets Cause War & Chaos - Rupert Russell
TRIGGERnometry
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The Evolution of Derivatives and Speculation
This chapter explores the historical roots of derivatives in 19th century Chicago, originally designed to provide price stability for farmers. It examines the transition of commodities markets from traditional risk management to a speculative environment, particularly after the Commodity Futures Modernization Act of 2000. The discussion highlights the significant impact of speculation on price volatility and the disconnect between traders and actual producers in the modern financial landscape.
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