Does anyone know of banks whose minimum deposit requirement to open an account is less than $5000 USD?
U.S. Retail Clients can Still Trade with Foreign Banks until July 2011
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- Last Post: Oct 10, 2010 3:44pm Oct 10, 2010 3:44pm
- | Joined Dec 2007 | Status: IF YOU SEE SMOKE, RUN! | 1,206 Posts
Of course, they will try to say that the trader is splitting hairs using that logic. Of course, hairs that they themselves created!
They read as if they almost have no brains. Yet, we know that's not true. So, simple deduction tells me that there must be an ulterior motive. There's something else going on, here. They never shoot straight with the American People, which by definition means that they are going after another objective.
Logically, speaking, of course,
Yep, you bet and I seriously think this is it!
I think if not for the 2008 crash and freeze of liquidity markets we would probably still be at 100:1 and all this other stuff would have come down the pike any way.
But because the liquidity markets froze, no one big or small could get cash IE liquidity. Thus firms like Lehman Bros, Merril Lynch etc. were snubbed out of the loop and either got swallowed by a competitor or went belly up... unless good ole uncle sam gave them a blank check... IE AIG / GM / Fannie / Freddie and all the other slackers of the business world that were over-leveraged and under funded.
So now that we worked one crash out everything is hunky dory right? Wrong! About 5 Trillion dollars worth of debt is due to be rolled over by 2012.
If the credit markets freeze up during this time, it will make 2008 look like glory days of 1999 before the dot com bust.
The easiest way to create liquidity is to reduce leverage. All the banks have been required to do so to create cash. So ala peanut butter sandwiches... the FX market is forced to do the same.
Plan on 10:1 probably by mid year next year as NFA has power to adjust leverage on a whim.
http://blogs.reuters.com/great-debat...lion-rollover/
Now if the CFTC / Governmint came out and said anything about this it could create fear or who knows what. The markets don't work well in a fear based climate.
But with the power of the internet and good ole google... you can't hide for very long these days.
