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All you have to do is look at the massive and reckless expansion of the money supply starting in 1995. Compare this to the SPX and you'll easily figure out what caused "the greatest economic expansion in US history." It was purely manufacturered by the Federal Reserve. Is it any wonder why we...

The Gov't knows what they are doing they are doing whatever they have to because if they don't the US financial system and the US dollar will collapse.

It's rather simple -- retirement will have to be delayed. What is going to happen when baby boomers begin collecting social security? What is going to happen when new jobs can't be rolled out because retirees still occupy them? What is going to happen when employment continues to rise...

I received the same notice from Cap One. I have a zero balance on that card and it will stay that way. In fact, I should just cancel it because it's had a $1,000 credit line for about 10 years -- they've never raised it so I never used the card. This is definitely a looming crisis. Banks...

:cool: :D

Monaco, here we come.

Plenty of stops are going to be hit down here and the PPT will probably be active today. Huge move up coming some time today. Doubt it will cause the market to finish green though.

Unfortunately, he is right. Go study history. It's funny, those who cite "conspiracy theorist" are the ones on the lowest rung on the education ladder. Go pick up a book and start studying governments, economics, money, and history.

Each day that goes by Obama is destroying my desire to work. Why should I work and improve my economic situation if it's just going to be taken from me to pay the mortgages for those who were stupid enough to buy a McMansion when all they could afford was a shed? Why in the hell would I want...

And...if you study history you'll quickly realize the reason we are in this mess is because the Federal Reserve recklessly expanded the money supply from 1995 forward and they are trying to fix this problem by creating even more of it. That's like you and I trying to fix our swelling credit...

You have got to be fucking kidding. You need a serious education in economics. Yes, the Fed can print money into infinity but in doing so the price or real assets such as gold will soar leaving worthless pieces of paper in its wake. The more the Fed prints the more <B>WORTHLESS</B> paper FIAT...

Dude, excellent letter. You got one little typo: The high liquidity and low transactions costs of the US capital markets [add words here?] a very attractive place to list

The US Government is prejudiced toward the wealthy. They are trying to tax <b>everyone</b> to death.

This is a self-defeating tax. It won't come close to 150B. Anaconda has nailed it; this bill isn't about generating revenue it's about shutting down speculating -- pure and simple.

Exactly! Hedgers need speculators to transfer price risk. This will fuck up the commodity markets.

This is the absolute truth. Learning to trade takes as long as earning a degree in law or medicine and it tends to be just as expensive but with a lot of patience and small sizes the tuition can be reduced somewhat. I estimate my education cost me about $50k. I blew out about 10 - 5k accounts...

Fundamental analysis has almost no value if you want to trade for a living. Read up on the proposed transaction tax before you quit your day job. And even if the tax doesn't pass I would not recommend trading for a living and I've been doing it 10 years. If I had the chance to do it over...

Why would you say this? The market presents opportunity every day, sometimes every hour. No matter really because the bill will eventually pass and Anaconda is exactly right -- the stock market will operate just fine once it is passed. The futures market may be a different issue altogether...

DrAtomic talking about the sky falling. Gotta love it :D

Well...here is something you might be interested in. I recently heard about a person who challenged the IRS stating he was not a person liable under the revenue laws of the US responsible for paying capital gains on his <b>personally managed investments.</b> From what I heard, the IRS conceded...