Why do people get so irate about a hypothetical North American Union?

Filed Under (Tips and Trick) by forex area on 12-09-2010

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It seems that everyone discussing this issue spends all of their time fuming about enhanced cooperation between our friendly neighbors to the north and south. Rarely are the costs and benefits ever discussed in a rational manner.

A NAU would enable:

- Lower costs of living, as the red tape associated with cross-border trade would be eliminated.

- The elimination of unproductive forex transactions for intra-continental trade.

- A stronger, less volatile currency, benefiting all 3 countries.

- Enhanced international clout and bargaining power, thereby advancing North American interests more effectively.

- An additional layer of separation of political power, and a renew impetus for competence in government.

- More secure borders, as it’s vastly easier to defend the borders of North America as a whole than of the individual countries within North America.

…Among many other benefits.

Now, I understand the anxiety surrounding what may appear to be national integration, but let’s be honest – North America is more politically, ideologically, and ethnically homogeneous than probably any other continent. Removing the arbitrary borders, would you honestly be able to tell where Texas stops and Mexico ends? Or where Washington state stops and British Columbia begins?

What’s more, while any sort of rework to the current political structures means that we must be vigilant of our freedoms and civil liberties, what evidence is there to suggest that a NAU would be any more or less liberal (as regards liberty, not “progressive” or “Democrat”) than the power structures such as they currently exist? I think that the citizenry of a government not founded on nationalism would be much more vigilant, and thus we’d be freer; history has shown repeatedly that people are much more willing to endure oppression at the hands of their “countrymen” than by “foreigners.”

So then, still mad? Is it not time to have a real debate about such a Union, rather than the shrill conspiracy-mongering that currently dominates the discussion of this issue?
thamsenman!: Presumably, such a union would entail freedom of movement within the continent; thus “illegals” (i.e., Mexicans) would no longer be such. Additionally, and as I said, it’s much easier to secure the borders of North America as a whole than of the individual states; thus, illegal immigration would be sharply reduced.
thor_torkinson: I didn’t “pick this up” anywhere, I wrote it myself. As to living standards, we already have free movement of capital within North America, which means that a Union would do nothing to lower wages; quite to the contrary, integration of regulatory and labor standards would likely raise wages by disallowing corporations from externalizing their costs by moving to Mexico, where such standards are presently lower than in the US and Canada. In short, it would merely improve the efficiency of the system such as it currently exists, raising living standards for all in absolute terms. It’s all gain, no pain.
gamefreak:

- I don’t agree that the size of the government corresponds to the degree of corruption in any meaningful way. Governments in sub-Saharan Africa are a tiny fraction of the size of those in western liberal democracies, but they are vastly more corrupt.

- I would presume that a written constitution would be a part of any such agreement. What it contained would be up to the people as expressed through the democratic process.

- The next logical step would absolutely be a world government, to which many of the same issues and benefits are applicable. In addition to being necessary to deal with global issues, I think such a government is inevitable. Economic integration inexorably leads to political integration. Do you honestly think that in 100 years’ time or more, when humanity is colonizing the solar system, we’ll still have the nation-state model of political organization? Highly doubtful.

- Citing “national sovereignty” as an objection is circular.
Brad:

- Here’s the thing – the NAU doesn’t exist at present. There is the SPP, but that’s merely a diplomatic framework, certainly not a government.

- Anarcho-capitalism, in addition to being completely impractical (How are you going to deal with global climate change? Would private citizens be allowed to own nuclear arsenals, and if not, who would stop them?, etc.), sounds to me to be the worst possible form of totalitarianism. Not that it will ever happen; laissez-faire always leads to fascism, not anarchy, as business interests always seek to use their economic power to leverage political power if left unchecked by government and/or organized labor.

- I agree that the majority should not get to vote on the rights of the minority, though I would disagree with you as far as property ownership being an inalienable right.

What is the easiest way to get out of the USD?

Filed Under (Tips and Trick) by forex area on 12-09-2010

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I want to convert some of my money (American dollar) to the Austrailian dollar. The goal is to keep it in a savings account after it is converted, and not touch it for a few years. I just want to diversify in case the USD goes down. Now what is the easiest/best way to go about this. I looked at Forex accounts, but they dont give any mention of this strategy. They just push trading. I wouldnt mind going to a bank, but I know nothing about if they would allow me to keep a foreign currency in a savings account. Not sure what I should do. Thanks for any help.
how do I go about opening up a foreign bank account? If thats what this is going to take…

Invest in stocks at 14?

Filed Under (Tips and Trick) by forex area on 12-09-2010

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I want to invest in stocks and im 14.
I know that I am not ready to start investing yet, because I dont know much about it yet.
So I would like your help to give me advice on how to learn how to invest in stocks.Any good books or websites , that are easy to understand.
And also give me some places where I can open an investment account, so that when Im ready I knwo where to go.
I have about $400 and I get $10/week in allowance, which i dont spend.

Im also thinking about FOREX any comments or suggestion?

If someone could teach me themselves by email that would be great, I would be so happy!

DUNS # and verification? Validity of DUNS #’s?

Filed Under (Tips and Trick) by forex area on 11-09-2010

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So I found a job on yahoo.com.

The employer gave me a # after a couple of e-mails discussing the validity of his business. I wanted to make sure it wasn’t a scam or fraud since it was a work at home job over the internet that required access to the internet and a telephone.

His grammar wasn’t that great but, then again, my spelling wasn’t the best.

How do I use his DUNS # to verify that he is indeed a small business? Can DUNS #’s be exploited for scams? How else can I verify this employer isn’t a scammer? Like how can I make sure the payments for this work are legit? How do I make sure I get paid for a job like this? By the way, it’s a part time job. He says he lives in the UK and comes to the US every 5-6 months. His business does, and I quote, “organize[s] conference[s], seminars, trade shows with group of partners. [Censored for privacy] also engages in Marketing, Advertising, Consultancy and ForEx/Stock management.”

Letters or words in brackets [] are edited by me to make it fit my wording. Is this legit? How can you tell?

When searching for a job, most sites warn you to stay away from work from home jobs and stuff like that. However, I do need a job and this part time job seems easy. He seems a bit more legit than a scammer at this point but I want to make sure 100% he’s for real and legit.

Isn’t arbitrage slightly underrated by EMH?

Filed Under (Tips and Trick) by forex area on 11-09-2010

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OK, personally I think there is some truth in EMH and that you can’t predict the big financial markets. But, arbitrage seems a little bit underrated by EMH. I am not sure if Prof. Fama has stated this in his original thesis back in the 70s, but you will find many “official studies” online(and in your university) that in the EMH world arbitrage doesn’t exist or when it occurs – it lasts for just a few seconds. OK….but just a “minor detail” that we have something called “high frequency trading” – Yes, you are right – “a few seconds are NOT problem for a high frequency computer”. Actually, below I give you a few examples(without formulas and sophisticated code – just easy to understand arguments), as to why APT, MPT, EMH and all these abbreviations fail when it comes to arbitrage:

1. Arbitrage exists for just 2-3 seconds?:
See above ^…high frequency trading. Also, see this very interesting study from Oxford which not only disproves EMH but even its “refined version” – the Adaptive Market Hypothesis: AMH (too many abbrevations already…funny). So:

http://www.nuffield.ox.ac.uk/users/murphya/Arbitrage%20Opportunities%20in%20Nasdaq%20Stocks.pdf

2. You cannot profit from a carry trade, due to large market risk?
Fail. You can very easily: a) Go long on XAU/USD or vice versa, short it. b) Hedge the market risk with a comex gold futures gold contract. c) Receive the tom rollover on the XAU/USD.
At the end – you end up with no market risk and 3%(or more) leveraged inter market rate. How much is that since both your futures and xauusd forex are margined? You are right: over 50% interest yearly without any market and default risk, the % obviously depends on your broker and how much your forex position is leveraged. The comex gold is an exchange defined initial/maintenance variance margin.
You can make a similar trade with cfd/stocks.

3. Options/betting markets are very efficient:
Fail. With some persistence you can easily find a broker with call/put option sell premium higher than other broker with option buy premium lower, on OTC option markets. You are obviously hedged when buying at the lower price and receiving higher premium at the other broker. Problem here is that there is market risk – but only “virtually”, since you cannot lose even if one of the positions is closed. Of course you can do the same in betting markets when the odds summed on -1th power are below 1.

There some other examples.

Point is that when you read about arbitrage you read only about “buy microsoft stock in london and sell it in new york when prices differ” – which is complete ballooney. Not only this type of “Arbitrage” doesn’t happen – but it’s practically nearly impossible to make money from this even when it happens. The other type that you will read about online is the “triangular arbitrage” with 3 currencies – which occurs once in a millenium.

The first examples however are much more practical, if not shocking since some of them exist for quite some time and not even 2-3 seconds. Which means that most “arbitrageurs” are actually stupid not to exploit them, despite being a public knowledge.

I thought to go on details with formulas, links, references, computer code, etc. in this topic…but I am lazy and busy now .

Thanks!

https://riselux.com

Retired early-fourth-generation investment/brokerage industry-and ex-Marine-about Dinar?

Filed Under (Tips and Trick) by forex area on 11-09-2010

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I am now looking for a different on-line (reputable) firm that allows me to trade stocks every 3 or 4 months or so, for the most part, some long-term-AND-allow me to buy some Iraqi Dinar, and just sit on it, Dinar, for 10 years. I have called and searched EVERYBODY from on-line, and in the phone book today. I hear from most that they do not also offer currencies, like my past on-line service-OR-from currency (Forex)-etc. places that they don’t offer the Dinar-that it is deemed to be still too risky. By who? I will not be subversive and give my opinion on some things. But I do know a few service members and individuals that have the ACTUAL Dinar in safety deposit boxes, the Dinar is easy as hell to buy and have, but I do not wish to “trade-in” for dollars-due to “currency/counterfeit safety” bill exchanges, every two or so years, and pay taxes on it. I want a ten year hold on the Dinar, through an on-line (reputable) firm, that also allows me to trade my own account-taxes in ten?
Any ideas as to help me achieve what I want would be much appreciated.
The “trading world” huh? More like “double-tax for restructuring Iraq” for investors, world. Sorry, look at what we call the allowed offering of Pink Sheet stocks. Why not certificates held in sort of a “street name” status? Someone “world” and “trading” wise, please help me on my quest-any ideas?
Well, you get one star-for your answer of my wishes incapability. The safest way is through the U.S> treasury…sheesh

Best form of investing?

Filed Under (Tips and Trick) by forex area on 11-09-2010

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Whas is the best form of investing? I would like a easy low cost, high return, short to mid term way of investing. I thought about the Forex, but i heard fees or taxes are alot. Stock take to long sometimes but correct me if im wrong. Im open to options and I am willing to learn so teach away.

Thanks in advance.

WHICH INVESTMENT PORTFOLIO HAS LESS RISK & MAKES MORE MONEY?

Filed Under (Tips and Trick) by forex area on 11-09-2010

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Trading the forex market or the stock market? Which one is less risky & easier to handle for a first time trader, at beginers level?

Thanks

Is today, Thanksgiving day (US) a bank holiday.?

Filed Under (Tips and Trick) by forex area on 11-09-2010

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that’s the easy part to answer. the more complicated question is forex related why does my FM MarketHours tm google widget not show the market as closed?

Also, is there a difference between a bank holiday and a public holiday? Or does europe and amercia etc. just call public holidays bank hiolidays? R they the same thing with a different name?
pls answer some parts of the question if u can’t answer all parts

wish to learn forex trading?

Filed Under (Tips and Trick) by forex area on 11-09-2010

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Online trading skill in most easiest way

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