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Nicholas Sarkozy could be the end of Forex

  • #21
  • Oct 20, 2008 3:34am Oct 20, 2008 3:34am
For example we will be forced to trade carbon credits - the bailout bill gave the banks the permission to trade with them.
The new bubble is prepared, only the laws needed to be adjusted.
42
  • #22
  • Oct 22, 2008 11:18am Oct 22, 2008 11:18am
http://denver.yourhub.com/Boulder/Stories/News/General-News/Story~538313.aspx

http://www.bloomberg.com/apps/news?p...d=abvOSRxLOohs

http://www.marketoracle.co.uk/Article6920.html

Humdedum.
  • #23
  • Oct 22, 2008 4:55pm Oct 22, 2008 4:55pm
This is quite ridiculous. In truth, President Sarkozy wants "fundamentals" to dictate foreign exchange movements. Earlier this year, he felt that the Euro was overvalued and i agree BOOM! recession lurks, Trichet should have listened and cut rates!
  • #24
  • Oct 22, 2008 5:14pm Oct 22, 2008 5:14pm
Quoting Freewheelin
this is only the first step to a one world government. First you create a problem, all are crying for a solution, and then you offer the \"solution\" (of your favour).
Next will be not only regulation, there will be the implosion of the $, then comes amero along with a new world bank with powers like the FED has. And then we pay even more interest on money that doesn't and will never exist.
Brave new world.

Don't believe this?
Time will tell.

The real question is will the gov't be handing out Soma also???
  • #25
  • Edited 5:47pm Oct 22, 2008 5:28pm | Edited 5:47pm
I think it is just populistic rhetoric. There lives many voters of socialistic parties in the France. He defeated a socialistic candidate in the presidential election. He have never been a socialist. Socialists are his biggest rivals. He wanted clean poor people from ghettos by the karcher cleaning machine in his speech, which escalated the civil disobedience of the poor minorities. I think he wants to get support of socialistic voters to defeat socialistic party. I think it is just the populism which is very popular in the continental Europe.
  • #26
  • Oct 22, 2008 11:20pm Oct 22, 2008 11:20pm
Quoting fxterrapin
This won't happen. Liquidity might drop a bit, but short term traders are necessary (evil?) for those who wish to purchase a stock or currency at any time they wish and hold for a while. Without short term supply/demand fluctuations every long term investor would be waiting for a stock to come to a particular price to buy it and the market wouldn't move.

No short term traders = no market.

What we have just experienced is the bursting of a liquidity bubble, not the end of short term speculation.
even stock market can go for every short term.

one of my friend. who do trades for a lot of people. who may just get in for like half an hour and out. even it just want up by a point.

reson is since he hold a lot, then the fees, is not that much. so he still make money.
  • #27
  • Oct 22, 2008 11:39pm Oct 22, 2008 11:39pm
It's a completely ridiculous proposition. Too many powerful people who despite all this appearance of a mess, are gathering huge wealth will do everything needed to maintain status quo.

But what the hell, let's just say that it will happen and that as of midnight, we can't trade forex anymore.

That doesn't mean that it will go away. Only that a black market will be created.

Because it's not permitted doesn't mean that it's not happening!
Not all sins are created equal
  • #28
  • Oct 23, 2008 12:36am Oct 23, 2008 12:36am
Once the markets rebound all of this rhetoric will blow over and be forgotten about. It happens every corrective cycle. Free markets will live on.
Period.
Just Trade It
  • #29
  • Oct 23, 2008 12:39am Oct 23, 2008 12:39am
Quoting Big Wave Rider
Once the markets rebound all of this rhetoric will blow over and be forgotten about. It happens every corrective cycle. Free markets will live on.
Period.
Thank you!
Not all sins are created equal
  • #30
  • Edited 7:24am Oct 23, 2008 6:47am | Edited 7:24am
only way for they not to let us do forex is every country has same currency.

so there will be no forex at all. but let's face it. I think even EURO countries using EURO, however, each country still have it's own currency. can they stop this?

Like if all country only allowed to use USD or EUR then no other country need the other countries money!

sorry after reading the news form Bloomberg

I do not agree on what Nicolas Sarkozy says.

if everyone is poor, then does that means franch revolution is comming to all the world?

and now the world what is need is buying power. if he took away forex, then he should also took away stock market.

if no forex, or stock market, then that means. more people are poor(all of us who in forex) does not have money to buy things that they need. then does gorverment want to feeding us?

for crisis was the banks allowed mortage which should not allowed. that is nothing to do with the bank who do safely though.

if all us only using gold. can you think how many poor people are going to be in USA along? maybe like 200 millions of people. then does that mean WWIII going to happend?
  • #31
  • Oct 23, 2008 6:53am Oct 23, 2008 6:53am
Never under estimate the POWER of populist mad politicians!

When the national socialists were on their way to rise in Germany, many Jewish people thought that there were too many popular and powerful Jewish people in Germany and those threats were just nothing to be afraid of. Well, we all know what happened.

meanwhile, I have had quite a few discussions with some of my friends and co-workers. None of them is active trader nor do they invest by themselves. Although it's Switzerland, one of the most capitalistic countries in the world, they find, it would be a good idea to ban speculations of all kind, because that would promote a "better" and "financially just" world.

As soon as the majority of people in Europe support suggestions like Sarkozy's, there will be no power to counter it. The only counter power, USA, is having a new president soon and the signs show the winner will be the one who promotes egalitarian society.
  • #32
  • Oct 23, 2008 7:03am Oct 23, 2008 7:03am
Quoting parisienne
Never under estimate the POWER of populist mad politicians!

When the national socialists were on their way to rise in Germany, many Jewish people thought that there were too many popular and powerful Jewish people in Germany and those threats were just nothing to be afraid of. Well, we all know what happened.

meanwhile, I have had quite a few discussions with some of my friends and co-workers. None of them is active trader nor do they invest by themselves. Although it's Switzerland, one of the most capitalistic countries in the world, they find, it would be a good idea to ban speculations of all kind, because that would promote a \"better\" and \"financially just\" world.

As soon as the majority of people in Europe support suggestions like Sarkozy's, there will be no power to counter it. The only counter power, USA, is having a new president soon and the signs show the winner will be the one who promotes egalitarian society.

Where the hell are you hearing that? I never heard anyone mention getting rid of speculators. Switzerland of all countries knows that in order to substain a free market, then you must have speculators. Like I said before, this will all blow over once the markets rebound. Then it's back to business as usual.
Just Trade It
  • #33
  • Oct 23, 2008 8:24am Oct 23, 2008 8:24am
As a Swiss myself, i can say many people are outraged about our governement puting 60 billions to save one of our banks and even more so because our bankers are arrogant pricks and continue being so, even as we the people have to pay for their ineptitude. Switzerland is a country with a general mentality of employee not entrepreneurs, as always with some notable exceptions, and those without a good understanding of how capitalism and the economy work will be an easy pray for any demagogue who would promise them a system where they could have the nice little lives they have without the risk of losing it and that everybody in the society and around the world would benefit from it too, so nobody would be jealous and want to take anything from them. It may be a utopia and marxism clearly showed mankind wasn't ready for it but most people would vote for it.
  • #34
  • Oct 23, 2008 8:28am Oct 23, 2008 8:28am
Quoting ablg
As a Swiss myself, i can say many people are outraged about our governement puting 60 billions to save one of our banks and even more so because our bankers are arrogant pricks and continue being so, even as we the people have to pay for their ineptitude. Switzerland is a country with a general mentality of employee not entrepreneurs, as always with some notable exceptions, and those without a good understanding of how capitalism and the economy work will be an easy pray for any demagogue who would promise them a system where they could have the nice little lives they have without the risk of losing it and that everybody in the society and around the world would benefit from it too, so nobody would be jealous and want to take anything from them. It may be a utopia and marxism clearly showed mankind wasn't ready for it but most people would vote for it.


SVP to the rescue. I agree with you. But I don't think people are ready for a government controlled buisness sector. I hope not anyways. Once they start controlling buisnesses then they can control everything else.
Just Trade It
  • #35
  • Oct 23, 2008 8:33am Oct 23, 2008 8:33am
Everyone knows that the credit crisis was not the result of capitalism.

It was the result of Jimmy Carter and Bill Clinton forcing mandates on banks to loan to "at risk" buyers.... and also those "little perks" the banks got for making riskier loans (gotta do it if the bank across the street is doing it too)

Then you had Chris Dodd tauting that Fannie and Freddy were doing great.... BTW why do we never hear about any of this?
  • #36
  • Oct 23, 2008 8:33am Oct 23, 2008 8:33am
I like pie and trading. I eat all my filling and then I cry.
FF = Forex Faggots
  • #37
  • Oct 23, 2008 8:50am Oct 23, 2008 8:50am
Big Wave Rider, people in management and bosses certainly don't want any ingerance in their business and the swiss goverment is quite liberal even on the left side so i don't think it will happen but this kind of crisis tends to put the ones that have against the ones that don't even more than usual and the majority is clearly on the side of those that don't have.

tdion, in any advanced country the people who know even a little of what is really happening and what led to it represents probably at most 5% of the population, and no single fact can be pointed to, to explain what resulted to the mess we are in.
  • #38
  • Oct 23, 2008 8:51am Oct 23, 2008 8:51am
Quoting tdion
Everyone knows that the credit crisis was not the result of capitalism.

It was the result of Jimmy Carter and Bill Clinton forcing mandates on banks to loan to \"at risk\" buyers.... and also those \"little perks\" the banks got for making riskier loans (gotta do it if the bank across the street is doing it too)

Then you had Chris Dodd tauting that Fannie and Freddy were doing great.... BTW why do we never hear about any of this?

Don't forget Bush's "Homes for Minorities" programm, and the fact that the banks were making a killing until all those adjustable rates adjusted and people couln't afford the mortage.
Just Trade It
  • #39
  • Oct 23, 2008 8:53am Oct 23, 2008 8:53am
Quoting tdion
Everyone knows that the credit crisis was not the result of capitalism.

It was the result of Jimmy Carter and Bill Clinton forcing mandates on banks to loan to \"at risk\" buyers.... and also those \"little perks\" the banks got for making riskier loans (gotta do it if the bank across the street is doing it too)

Then you had Chris Dodd tauting that Fannie and Freddy were doing great.... BTW why do we never hear about any of this?
Said exactly the same when I saw this post.
Measure twice, cut once
  • #40
  • Oct 23, 2008 8:58am Oct 23, 2008 8:58am
Quote:

Nicholas Sarkozy could be the end of Forex


Rather freemarket lobby will be the end of mr Sarkozy.
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