Comments on: “The US already has exchange controls in place on Dollar” http://www.qwealthreport.com/blog/the-us-already-has-exchange-controls-in-place-on-dollar/ How to achieve Freedom, Wealth and Privacy in a Secure International Environment Fri, 20 Jan 2012 05:50:50 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Carroll B. Merriman http://www.qwealthreport.com/blog/the-us-already-has-exchange-controls-in-place-on-dollar/comment-page-1/#comment-4586 Carroll B. Merriman Thu, 22 Sep 2011 10:41:47 +0000 http://www.qwealthreport.com/blog/?p=264#comment-4586 Ok, US$1000 for 2 that are good and 2 that have possibilities sounds a bit steep, but is not unknown. Additionally, trading with EA's (any EA) is the same as trading manually in that money management must still be used. Lot sizes should not be set too high, FRWC recommends .01/ $1000 and this seems fair. You won't see the dramatic wins that always get claimed but you will see an account that grows consistently over time. Ok, US$1000 for 2 that are good and 2 that have possibilities sounds a bit steep, but is not unknown. Additionally, trading with EA’s (any EA) is the same as trading manually in that money management must still be used. Lot sizes should not be set too high, FRWC recommends .01/ $1000 and this seems fair. You won’t see the dramatic wins that always get claimed but you will see an account that grows consistently over time.

]]> By: editor http://www.qwealthreport.com/blog/the-us-already-has-exchange-controls-in-place-on-dollar/comment-page-1/#comment-483 editor Sun, 18 Oct 2009 08:02:17 +0000 http://www.qwealthreport.com/blog/?p=264#comment-483 Expaticus, I think you missed the point of the article. I personally believe the forgery article is spurious. Why for example would the US be incapable of producing secure bills when far more valuable bills like the 100, 200 and 500 Euro or the $10,000 Singapore dollar bills don't have this kind of problem? No, this is a definite attempt to stop people using cash dollars. This is to force them to use regular banking channels. If people use cash, currency controls can't be implemented effectively because there is so much US cash floating around outside the USA. But if people use the banking channels it is possible to monitor and spy on every transaction. But the most important point is your last sentence, which I must say I agree with entirely. "If and when currency exchange controls are put in place, the current global financial markets will come to a screeching halt." Well my whole hypothesis is that currency controls are already in place and, er, what happened to the global financial markets over the last year or two??? Good debate! Kind regards Peter Expaticus, I think you missed the point of the article. I personally believe the forgery article is spurious. Why for example would the US be incapable of producing secure bills when far more valuable bills like the 100, 200 and 500 Euro or the $10,000 Singapore dollar bills don’t have this kind of problem?

No, this is a definite attempt to stop people using cash dollars. This is to force them to use regular banking channels. If people use cash, currency controls can’t be implemented effectively because there is so much US cash floating around outside the USA. But if people use the banking channels it is possible to monitor and spy on every transaction.

But the most important point is your last sentence, which I must say I agree with entirely. “If and when currency exchange controls are put in place, the current global financial markets will come to a screeching halt.” Well my whole hypothesis is that currency controls are already in place and, er, what happened to the global financial markets over the last year or two???

Good debate!
Kind regards
Peter

]]> By: Expaticus Americus http://www.qwealthreport.com/blog/the-us-already-has-exchange-controls-in-place-on-dollar/comment-page-1/#comment-467 Expaticus Americus Thu, 01 Oct 2009 22:32:57 +0000 http://www.qwealthreport.com/blog/?p=264#comment-467 This actually only applies to *CASH* and does not in any way apply to wire transfers. This is not an issue of "back door exchange controls" so much as a war on Cash. It's just too easy for a foreign country to set up an operation to start printing US Dollars, and with sufficient time and resources (something sovereign countries tend to have) they can produce counterfeit Dollars at such a level that they are acceptable to banks everywhere. These are known as "Super-Bills" and they are a great concern to the US Government. Currency exchange controls prevent people from exchanging money through regular banking channels, such as wire transfers or deposit of checks in foreign bank accounts. Cash transactions account for such a small percentage of international exchange that it's not really an issue. A HUGE transaction with cash is $500,000 but a wire transfer of the $100 million level is a daily occurrence. If and when currency exchange controls are put in place, the current global financial markets will come to a screeching halt. This actually only applies to *CASH* and does not in any way apply to wire transfers.

This is not an issue of “back door exchange controls” so much as a war on Cash. It’s just too easy for a foreign country to set up an operation to start printing US Dollars, and with sufficient time and resources (something sovereign countries tend to have) they can produce counterfeit Dollars at such a level that they are acceptable to banks everywhere.

These are known as “Super-Bills” and they are a great concern to the US Government.

Currency exchange controls prevent people from exchanging money through regular banking channels, such as wire transfers or deposit of checks in foreign bank accounts. Cash transactions account for such a small percentage of international exchange that it’s not really an issue. A HUGE transaction with cash is $500,000 but a wire transfer of the $100 million level is a daily occurrence. If and when currency exchange controls are put in place, the current global financial markets will come to a screeching halt.

]]> By: PARAGUAY: OPEN FOR BUSINESS » Blog Archive » Currency Exchange in Asuncion http://www.qwealthreport.com/blog/the-us-already-has-exchange-controls-in-place-on-dollar/comment-page-1/#comment-66 PARAGUAY: OPEN FOR BUSINESS » Blog Archive » Currency Exchange in Asuncion Wed, 18 Mar 2009 04:17:45 +0000 http://www.qwealthreport.com/blog/?p=264#comment-66 [...] that only Paraguay would have this problem, in the whole world? I think it has more to do with the quasi-exchange-controls in place on the dollar. You see, each different series is issued by a different bank within the Federal Reserve system.  [...] [...] that only Paraguay would have this problem, in the whole world? I think it has more to do with the quasi-exchange-controls in place on the dollar. You see, each different series is issued by a different bank within the Federal Reserve system.  [...]

]]> By: Cancun Travel http://www.qwealthreport.com/blog/the-us-already-has-exchange-controls-in-place-on-dollar/comment-page-1/#comment-38 Cancun Travel Wed, 25 Feb 2009 05:19:03 +0000 http://www.qwealthreport.com/blog/?p=264#comment-38 Really great post, well written, concise and comprehensive. Thank you. Really great post, well written, concise and comprehensive. Thank you.

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