What Dodd-Frank has Cost ME

What a terrible piece of legislation. It won't do anything to stop the crony capitalists who SHOULD have been taught a lesson by being allowed to go bankrupt. Instead, the government propped them up with taxpayer money, then passed this horrid piece of legislation to "prevent" a future occurance. Right. If you want to offset corporate greed, give them something to FEAR - that is, a loss of everything. All Dodd-Frank does is to make it MORE important for large corporations to cozy up to your elected officials and buy influence so that they can continue side-stepping the regulations.

Anyway, nearly 3 years ago, I thought it would be smart to play the Forex markets, which included spot silver and spot gold. I did very well for a few months, then got in deep on a silver position. Not having done sufficient research into fundamentals, I got scared and sold off my leveraged 300 ounces of silver at about $14.80 an ounce (having bought the 300 ounces at about $16.50 an ounce) for a loss of around $500. I closed my trading account and resolved not to trade Forex anymore until I had money I could afford to lose. Of course, silver is now trading at about $33 an ounce. Whoops.

Think Ron Paul is Dangerous? Here's Why His Plan to Balance the Budget is Necessary for Our Security!

I was reflecting today on a conversation I had with my employer at the time how I thought it was terrible that the national debt was more than 3 times the entire budget for the year 2008. He said it didn’t seem so bad, a person could easily carry a debt load 3 times their annual income, and they could have it paid off in a couple decades. True, but it was more like 4 times annual income when you took into account the budget deficit. So, how far have we come with a President who promised to slash the deficit? Let’s take a look: