To quote Keith Neumeyer, President and Ceo of First Majestic Silver Corp.
The following was taken from an interview with Ron Hera of Hera Research that was published at Seeking Alpha this past weekend.
Keith Nueman's resume' was too heavy to cut and paste.
One must take into account that Mr. Neumeier has silver for sale so keep that thought in mind when considering his opinions on the price of silver going forward, but this is a man with tremendous experience dealing in futures markets as both a supplier/hedger and an investor/broker/dealer.
When he tells you the deal is rigged you have to take it seriously.
Click anywhere below for the entire interview.
Keith Neumeyer: The job of the regulators is to protect the retail investor. That’s their only job. It’s not to protect the banks or the brokerage firms. The little guy is the primary taxpayer. Why were the Securities and Exchange Commission (SEC) and the CFTC put in place? They were put in place to protect retail investors. Prior to regulation, the banks controlled the market. Today, the banks control the market again. Who should control the market? Retail investors. Who’s protecting them? No one.
HRN: Are you saying that the CFTC does nothing while the COMEX caters to banks and brokerage firms?
HRN: And the COMEX doesn’t serve retail investors?
Keith Neumeyer: No. Absolutely not.
HRN: Do you foresee a return to a free market in the future?
Keith Neumeyer: I’m an optimist. I believe one day that governments will rewrite the rules and force the regulators to protect investors. That’s where we were back in the ‘70s and that’s where I think we have to be again to correct the problems that have arisen over the past 40 years. Silver is being revalued. It’s going to affect a lot of people along the way and it will change the financial system. Ultimately, we’re going to have a new financial system and, hopefully, we’ll go back to natural markets, completely driven by supply and demand. It may take another 20 years but I think it will happen.
Keith Neumeyer: If I’m wrong, the banks will run the world, even more so than they do today, 10 or 20 years from now. God forbid that we ever get there because that’s a one currency, one government world that would absolutely be a disaster for the human race. There would be no freedoms at all to move or to invest. It would be like having shackles on our ankles. There is a movement to go in that direction, unfortunately. There are a number of very wealthy people that want to see that. I hope that we can find the politicians to prevent that type of world from coming to pass.
Instructive in light of the following quotes.
Don't you think?