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I don't see a logical progression here.

Agreed. We the People must retake the initiative and put our house in order, or we'll go down with the ship. Things have never looked better in that regard however, since technology has put material prosperity and practical self-government within reach of everyone. The only way we can fail is by...

Markets are manipulated by both governments and private parties.

That is the likely intent behind this. There seems to be an across the board campaign to put the brakes on financial trade volumes of certain types. Tax revenue ain't it, because, as has been pointed out, the retail side would be destroyed. Of course, the usual loopholes would apply to GS and...

This makes a lot of sense, of course. I'm speculating about her content being from higher up only because it's the producer in the control room, not the infobabe on your screen, who has the final say about what goes out on air. Are they going to let one employee risk an inadvertent...

Maybe she is already saying what the big shots want her to say, which is what they pay her for in the first place.

As if the producers at CNBC are not already able to take her aside a few minutes and explain the damage she is causing.

Except no political subterfuge is going on here. Erin Burnett is directly and openly employed as an agent of CNBC.

Kool-Aid is being served on both sides of this issue.

The sky is falling, people! Therefore, freeze up in fear. Stop thinking and planning, and go into a disorderly, reactive state of mind.

Give them control of the world's money, and they won't care who makes its laws.

Okay. I wasn't attacking you, btw. You were just repeating what appeared in the press.

Yeah, just imagine the worst thing that could possibly happen, stop all intelligent action due to fear, go hide under your bed and let the wrecking crew roll over you.

The biggest beneficiaries of this tax would no doubt be GS and their fellow chieftains of the new global financial paradigm. In fact, they're the only ones, because no taxes can be collected from a profession that no longer exists.

Paradoxically, if this tax went into effect, virtually no one would pay it because the retail trader would go extinct.

In case this hasn't been mentioned, something else to point out when attacking this thing is that the tax revenue generated would not a percentage of the trade volume we currently see, but rather of the much lower levels due to the resulting dry-up of liquidity.

Looks like a pattern developing. http://www.elitetrader.com/vb/showthread.php?threadid=174795

OP: Are you referring to a spread placed over two accounts where your loses are stopped tight and your profits wide in opposite directions to take advantage of an unexpected big move either way?

Natural awesomeness? The yen has continued creeping up since this happened, btw.

That's a weird way of putting it. A better way would be: Protectionism is about competitively managing the way YOU trade in order to advantage your own industrial base.