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So, I was going over my trading if it was based on the EU proposal. I swing trade 2 financial futures markets (ES & ZN) and the 5 major FX pairs. I risk 1.5% per trade and maybe make 20 trades a month...holding for days. Basic stuff, no day trading or hyper trading. While I risk 1.5% of my...

Is this for real? This is all starting to get scary. Defagio is reintroducing his FTT as well. This is out of control...I am in the camp to let the EU do this, see the devastation and it will get repealed. This liberal socialistic movements is insane.

And by the way, dodd-frank is one of the worst bills ever written. And look who the two cronies that wrote it!! frank a la fannie mae needs to let lower income people get houses!! And dodd a la give me my low interest mortgage from countrywide for favors. All FRAUDS!!

+1 That is what makes the FTT so dangerous. Populous movement and at the end it is the little guys paying for the taxes/fees...but is sold as going after the big bad bankers..the masses are too dumb to understand that guberments always fuck things up and the little guy pays.

What really needs to be hammered home is that an FTT is a net negative revenue to guberments....history has proven this and it again, is amazing what the liberals will do and say. Scary stuff that the free world is having to deal with....liberal socialists are the biggest enemies to free...

That is the thing..if you read the Bloomberg article posted above, they EXEMPT that!! No taxes on gubernment bonds!! Governments Gone Wild!!!! They f*ck up and rack up tons of debt for socialist failed states for votes....THEN they want to tax the f*ck outta of everybody to pay for it...

How do you embed an image instead of an attachment?

This is unf*cking believable!!! These ass clowns over in the EU are TRYING to destroy themselves. Robert, you need to write up a piece on this and spread it out as much as possible!!

Hrmmm...did not know German did the FTT and repealed it in 1991. That should be exploited!!

Agreed. But we are dealing with liberal socialist who want to do anything and everything in their power to destroy free markets. I said earlier, let them do it...watch the disaster...then they will reverse it and it will never be brought up in our lifetime....it will be the next generations...

Ha. Well, I plan on talking with them soon for a CPO. When I talk last time to them, it was a fixed fee (this was for an equity/option fund) for audit/K1's and it would not be a % of assets no matter how big we got (from what I remember). I left the organization 6 years ago anyways...so been...

Rothstein Kass are one of the best in the business. I meet with them about 7 years ago when working with another fund. Do you pay them a fixed fee or a % of assets (if you don't mind me asking)?

Gotcha. So, let's say you make $100 in fees...that is reported section 1256 and assume you have no income tax (sole job is the GP of CPO) you would pay 60/40 or a blended rate of 10%/15% or about 12% ($12)?

A CPO is just a hedge fund for futures/FX instead of equities. Basic LP with a GP. Plus, many CPO's have a third party admin to oversee the funds for added confidence. Heck, the biggest fraud of all time (Madoff) was a bunch of individual accounts (CTA style). Heech, so when it comes to...

+1 Been saying this for years, and the Country and even the Democrat's themselves who vote under the fraud/scam they think is legit need to wake up. It will go down as one of the biggest scams/fraud's ever and by the time everyone understands it, the Country is already lost and done. This...

slate.com ---- nuff said.

Analysis: Viability of Sarkozy's euro crisis ideas in question http://news.yahoo.com/analysis-viability-sarkozys-euro-crisis-ideas-145339924.html "Such a tax -- first put forward by economist James Tobin in the early 1970s -- could only function if imposed across the board, otherwise...

Analysis: Viability of Sarkozy's euro crisis ideas in question http://news.yahoo.com/analysis-viability-sarkozys-euro-crisis-ideas-145339924.html "Such a tax -- first put forward by economist James Tobin in the early 1970s -- could only function if imposed across the board, otherwise...

Europe (The EU) won't convince Sweden, UK, Canada, Singapore, Switzerland or even the USA to implement this insane tax. The EU is doomed. The days of liberal spending are coming to a head and people will be fleeing the region.

While I never wanted to see this agenda pushed anywhere, I am somewhat going to like to see how the EU markets get wiped out and all the liberal socialists fail and then repeal the FTT and now we have to wait another generation before people try this again.....they never learn about...