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Comment for Proposed Rule 75 FR 3281

  • From: Ron Belt
    Organization(s):

    Comment No: 8750
    Date: 3/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-08750
    From:
    Sent:
    To:
    Subject:
    uncleronl
    Sunday, March 21, 2010 11:45 AM
    secretary
    'Regulation of Retail Forex'
    Dear Sirs, I'm writing today as Congress votes on a supposed Health Care Package, but we all know 80% of surveyed
    citizens are opposed to this bill. It's the other garbage included in this bill that most are against, not health care. In
    response to further government lack of listening, I'm addressing RIN 3038-AC6:~. Forex trading is my lively hood
    and my families dependence. I am opposed to further govenment meddling with the free markets. The proposed
    10:1 leverage is just another way of further weakening our economy. I've already moved my operations off shore
    due to the negative attitude of this administration to the free enterprise and free market system that has made this
    country what it is, not socialism or communism like the current democratic congress leaders and the president and his
    czars, but Capitalism. One needs to only look at other socialist countries in Europe to see where it leads. Portugal,
    Ireland, Italy, Greece, and Spain are about to go bankrupt due to their spend more than they can tax socialist
    programs. If this bill is inacted, count on major moves out of the US economy of major foreign investors, why would
    they even want to invest here. Forex trades a trillion dollars a day globally and is a major force. The idea that the
    government is going to continue its path of nationalization of our banks, car companies, and financial investment
    firms is a formula for destruction. I'm already building my portfolio for the US dollar collapse and I will protect myself
    from the destructive path you are on. Just wanted to voice my opinion before it's too late for the rest of you who are
    not preparing yourself financially for the consequences. Sincerely, Ron Belt