While the United States Armed Forces (private mercenaries) are stationed at 737 bases, in 130 nations around the world, defending “all freedom-loving people everywhere in the world,” Gary Gensler, Chairman of the Commodity Futures Trading Commission, issues Federal Register Document 2010–456, increasing the margin requirements for foreign currency speculation from 100:1 to 10:1.
NOTE: Critics claim that this will restrict speculation in currency fluctuations to institutional investors only forcing individual investors out of the market.
[added 3/6/2021] Thanks to Freedom’s Phoenix for this entry.
Subsequent Events:
Authority:
“Law of the Jungle”
ccc-2point0.com/preface
References:
http://www.cftc.gov/ucm/groups/public/@lrfederalregister/documents/file/2010-456a.pdf
www.cftc.gov/ucm/groups/public/@lrfederalregister/documents/file/2010-456a.pdf
Foes Take On Debt Curbs From CFTC – WSJ.com
online.wsj.com/article/SB10001424052748704869304575103992931864182.html?mod=googlenews.wsj
EconomicPolicyJournal.com – CFTC to Shutdown Currency Trading for Individuals
www.economicpolicyjournal.com/2010/03/cftc-to-shutdown-currency-trading-for.html