The US should subsidize the development of a national commodity exchange

I will argue against this proposition, which evident from your list of hyphenated (-) remarks will require little effort. First, this exchange "will deal in international and national commodity exchanges" and yet it will also "be a national marketplace designed for the buying and trading of all commodity goods?" Exchanges functions based on the trade of large financial institutions, which are neither national nor international but multinational, so it is difficult to see how this would work in practice unless you took extraordinary measure to rewrite basic features of how multinational corporations operate within existing law. Please provide specific about how multinational corporations would work in your exchange. In the same vein how would firms like UBS, HSBC, and Deutsche Bank that have operations inside the United States, with employees and executes in US fit the contours of your exchange. Basic answers for your response: How would your federal commission gain the power to prosecute crimes? There is already an endless array of committees in Washington. The senate even had the financial inquiry commission which found securities fraud and other crimes but they did not have the power to prosecute individuals or individual firms. Why the U.S. department of customs would supervise a "national exchange" since by definition their jurisdiction does give them authority to regulate to do so. Again, if this is what you are suggesting, please state first how this exchange can "deal and international and national commodity[ies]" under existing law. Second, how do you suggest changing the structure of U.S. custom"because the FTC, SEC, and DOJ regulate every other exchange and are authorized under law to do so. For the next round please provide precise language about "commodity" as well as "national commodity," because as stated in the proposal it is meaningless. What "national commodities" are you talking about? Is a commodity air and water? You state that all commodities"and air and water as well as nuclear waste and pollution are commodities, or are these commodities exclude from "all commodity goods [?]" Even all this is made clear in your response, how will the US government subsidize this exchange? What kind of subsidies will individuals, companies, hedge funds, et cetera receive and what is the purpose provide benefits for only such groups? In addition, your exchange financially is designed to fail. 10% to execute a trade? Why would anyone want to pay 10% on a trade when they could simply use other exchanges that charge less than fractions of a penny? Also how will you regulate derivatives and futures trade on this exchange? How will you prevent front running and manipulation by high frequency trading firms? Would your exchange allow short selling, what about naked short selling? You also say that it will be an online format, what agency will be tasked with maintaining the integrity of your exchange given the endless way people can manipulate IP Addresses, masks their location, to prevent people in other countries from undermining your exchange. Will it be legal for an American to use your exchange in Europe?