Post
Topic
Board Bitcoin Discussion
Retail Over the Counter Trading illegal in the free USA from 15 July 2011
by
cloud9
on 27/06/2011, 09:43:48 UTC
Seems like not just Bitcoin commodity trading (Bitcoin commodity also referred to as internet currency, due to ease of online transfer and exchange) is under attack.

From 15 July 2011 it will be illegal to do over the counter trading of metal currency at forex retail providers for all US citizens in terms of the recently enacted Dodd–Frank Wall Street Reform and Consumer Protection Act.

https://www.kitcomm.com/showthread.php?p=1408112
http://www.forexfactory.com/showthread.php?p=4721826
http://www.forexfactory.com/showthread.php?p=4725167

Are Elitist, Protectionism measures rife now?

Is Hyperinflation imminent like in Weimar Germany?  http://www.shadowstats.com/

How much confidence in the US currency do regulators have when all these protectionist measures are put into place.  It is definitely not protecting the consumer who would like to hedge himself against excessive inflation in what used to be a free market.  Most easy hedging with commodity currencies are now criminalized in the US.  How do you hedge yourself, if easy accessible hedging measures are being criminalized?  Now hedging will only be for the select few who meets entry requirements for more steep entry requirements like full-blown e-miny gold futures contracts - talk about equality...  What happened to Liberty, Egality, Fraternity - or are some now more equal than others?  Maybe the french should take back their Statue of Liberty gift or maybe the United States should have imported and re-erected the broken down remains of the Berlin wall around it at Staten Island.

http://en.wikipedia.org/wiki/Libert%C3%A9,_%C3%A9galit%C3%A9,_fraternit%C3%A9

Is the free world going back to pre-1789 France?