New Leverage rule for FX COMING?

Well I live in Indiana, my team's going to the superbowl. So neyh!

1) I don't watch TV... It breeds morons.

2) Apparently you don't understand the psychological advantage behind it. Let's talk reality. Take North Korea for example. There is no doubt that the majority of the population of North Korea is completely malleable. They view their leader as a god like figure. Everything is controlled media wise, people are starving, and if they try to leave they will be killed. Yet they view kim jong il as the Saviour.

Are they fat and happy?

The psychological advantage to destroying an economy and/or keeping an economy weak is that it creates an environment of fear and helplessness. The ignorant masses turn to whatever appears to be the light at the end of the tunnel. As people search for answers and find none, their focus turns to government to provide a solution.

If a population is self-sufficient the need for government intervention decreases thus, positions of power are less powerful, and many bureaucracies will cease to exist.

A fat and happy population is bad for business if your business is increasing government control.

I'm not sure what your real world experience is, as to why you believe a fat & happy population is easy to control??? My experience comes from being in many 3rd world countries around the world. I've seen how leaders maintain control and how unhappy, miserable, and starving citizens place all their hope in the government power.

I've conducted many psychological operations to sway the sentiment of localized communities. Whenever, we gave anything be it money, food, medical care, etc. It provided no advantage because, they were fearful of the people who had murdered family members, made threats, etc. etc.

So you are 180 degrees out in your thinking. If you want to exert control on anyone the most effective way to do that is to make them fearful, which brings about uncertainty, and with time uncertainty will lead to paranoia, which is the most malleable state a person can be in. A fat and happy person is not paranoid, they have nothing to fear.

Just think on smaller terms. If you approached a CEO of a prospering company and told him to do exactly what you say, and you would ensure he has all that he wants, he would tell you to take a hike. He has no incentive to trust you. He is fat and happy. Now, If you approach a person who just lost their job, have foreclosed on their house and doesn't know what to do, and you present the same demand your chances of compliance increase dramatically. This person has nothing else to do but trust you. They will be much easier to manipulate. Now apply that on a grander scale.

This may not make sense to you because it was probably never a motive of yours to control anyone. However, this sort of psychological control was a necessary element in my day to day operations for a good portion of my life.

You are correct about A weaker economy creating a hungry, homeless, angry citizenry. However, you're missing an element. Where is the citizenry placing the blame? If the blame falls on the government then, their is no advantage. However, if government/media place the blame for a failing economy on another target group (free markets, & capitalism) many of those pitchforks will target that instead. The government then becomes "the enemy of my enemy" for many through manipulative tactics.

Why do you think the Government is vilifying capitalism??? Because, capitalism empowers the citizenry and empowered citizens are a direct competitor to a larger, more powerful government.

Politics are a game. You are focusing on exactly what your opponents want. The facade of a difference between two parties. Your opponents are every politician. They should be working for you. You should not be working for them...

Bush wasn't exactly for the little guy either.

I too agree that we should concentrate more effort into delineating what our next steps are when and if this insanity goes into effect instead of turning this into Fox vs. CNN.

I also believe that their next step - after this first ruinous one - will be to "forbid" US citizens from using a foreign broker.

So, the next question arises: What free country do we all move to next?
...Because this one ceased being exactly that in 2001.
Perhaps Russia.

Remember the frog in the slowly boiling pot of water!

PS. I will say that if you are a billionaire like Soros or Buffett - or even more importantly, any very large institution - your leverage should not be as great as an individual having a $10K account - this number being simply arbitrary. That's just common sense, which is sadly quite lacking these days and in this country for whatever reason. For the smaller investor/average citizen, that knows what they're doing, even 100:1 is quite limiting.

Thanks.

Thinking seriously about moving to Canada and saying F#%^ Y&# to this politically correct, over regulated shell of what used to be a great nation.

Me too, if it were only a Tropical Country.

It's tempting to leave but, the B.S. will follow. Moving away from a problem won't make the problem go away. The government is supposed to work for the people not the other way. We have plenty of tools at our disposal to fix the problems. All the rules that we may dislike are only enforced because we allow them to be.

I've heard Belize is a good option...

Everyone,

PLEASE email the CFTC to voice your opposition to this proposed regulation. The address is [email protected] and put "regulation of retail forex" or something similar in the title of your email. Be respectful, and list reasons why this is a bad idea.

Unfortunately as far as moving there isn't many countries to choose from when you consider all aspects of life. You may have slight better forex conditions somewhere else but the bureaucracy/infrastructure/medical/educational/etc conditions will not necessarily be so fun. Plus you have to establish residency/citizenship etc.

Australia.

I said there isn't many

Any other suggestions out there.....hey maybe we can help some people seriously considering it.

Maybe we should start a thread on that LOL.......it is FX related
(let me know if anyone does)

Folks,

There is a petition to sign to oust Gensler.
It just takes a minute:


http://www.petitiononline.com/gensler/petition.html