Thursday, June 23, 2011

NFA uncovers D2W fraud

Scientists find city life more stressful than rural life


Scientists have confirmed what every urbanite has long suspected – life in the city is more stressful.
Researchers have shown that the parts of the brain dealing with stress and emotion are affected by living among the crowds.

The findings help shed light on why those who are born and raised in urban areas are more likely to suffer from anxiety, depression and schizophrenia than those brought up in the countryside.


Read more: http://www.dailymail.co.uk/sciencetech/article-2006988/A-rural-life-better-Living-concrete-jungle-really-stressful-make-vulnerable-depression.html#ixzz1Q7MIEACH

Greek budget concerns, oil drops, US Jobs data weak

Tuesday, June 21, 2011

Nebraska Nuclear Plant Level 4: Catastrophic situation says report from Russia

A shocking report prepared by Russia’s Federal Atomic Energy Agency (FAAE) on information provided to them by the International Atomic Energy Agency (IAEA) states that the Obama regime has ordered a “total and complete” news blackout relating to any information regarding the near catastrophic meltdown of the Fort Calhoun Nuclear Power Plant located in Nebraska.
According to this report, the Fort Calhoun Nuclear Plant suffered a “catastrophic loss of cooling” to one of its idle spent fuel rod pools on 7 June after this plant was deluged with water caused by the historic flooding of the Missouri River which resulted in a fire causing the Federal Aviation Agency (FAA) to issue a “no-fly ban” over the area.


Here's an interesting report from Pakistan's daily newspaper The Nation.
It cites a Russian regulatory agency as saying that the US is currently having a major nuclear emergency at the flooded plant in Nebraska and that the Obama Administration is trying to cover it up.
The Russian report describes the Nebraska situation as one of the worst nuclear accidents in the history of the United States.
Bear in mind that this report comes from Russia and Pakistan--two countries that aren't particularly happy with Obama right now.
But the FAA has enacted a no-fly zone over the Fort Calhoun nuke plant, which was damaged by a fire and flooding from the Missouri river.


Read more: http://www.businessinsider.com/nebraska-nuclear-meltdown-2011-6#ixzz1PuuJ7iFB


Monday, June 20, 2011

Greece close to meltdown: Revolution, Power Outages, Chaos


http://www.bbc.co.uk/news/world-europe-13830466 For more than three weeks protesters have occupied the square opposite the Greek parliament. They have pitched their blue and grey tents and hung their slogans from the orange trees.
"We got the solution. Revolution," declares one poster. "Rise up people of the world," urges another.
Inspired by the Arab uprisings, they have dug in to oppose further spending cuts in exchange for a second bail-out by the EU and IMF.
The encampment, however, hardly crackles with revolutionary fervour. It has the feel of an anti-globalisation village, nestled in amongst Africans selling handbag copies and bright-rimmed sunglasses.
The Greek Prime Minister George Papandreou is depicted as riding the CIA/IMF plane. He is portrayed as a capitalist stooge.

Start Quote

The mood is tinder dry. A city at a tipping point”
The activists bicker amongst themselves about real democracy.
"We have no leaders here," said one proudly. They go into contortions about interviews in case by speaking out it is judged as assuming a leadership role.

Sunday, June 19, 2011

CIA fears military coup in Greece


CIA fears a coup in Athens

This could be another Lehman moment

The difference in opinions over the Greek debt crisis between Angela Merkel and Nicolas Sarkozy may well be explained by the fact the French banking system is at more immediate risk from any meltdown than its German counterpart.
France is the most exposed of any developed country to Greece reneging on its huge debts.
The French are sitting on a £35billion exposure compared with £21billion for Germany, according to the Bank for International Settlements.


Read more: http://www.dailymail.co.uk/news/article-2004962/Greece-bailout-IMF-chief-warns-Greek-crisis-threatens-global-economy.html#ixzz1Pk33xdYw

Gold & Silver trading bans for US residents begin July 15th


Elimination of OTC Forex
Effective 90 days from its inception, the Dodd-Frank Act bans most retail OTC forex transactions. Section 742(c) of the Act states as follows:
…A person [which includes companies] shall not offer to, or enter into with, a person that is not an eligible contract participant, any agreement, contract, or transaction in foreign currency except pursuant to a rule or regulation of a Federal regulatory agency allowing the agreement, contract, or transaction under such terms and conditions as the Federal regulatory agency shall prescribe…
This provision will not come into effect, however, if the CFTC or another eligible federal body issues guidelines relating to the regulation of foreign currency within 90 days of its enactment. Registrants and the public are currently being encouraged by the CFTC to provide insight into how the Act should be enforced. See CFTC Rulemakings regarding OTC Derivatives located at the following website address, under Section XX – Foreign Currency (Retail Off Exchange). It is essential that OTC forex participants seek professional help to discuss possible operational and regulatory contingency plans.
Elimination of OTC Metals
As for OTC precious metals such as gold or silver, Section 742(a) of the Act prohibits any person [which again includes companies]from entering into, or offering to enter into, a transaction in any commodity with a person that is not an eligible contract participant or an eligible commercial entity, on a leveraged or margined basis. This provision intends to expand the narrow so called “Zelener fix” in the Farm Bill previously ratified by congress in 2008. The Farm Bill empowered the CFTC to pursue anti-fraud actions involving rolling spot transactions and/or other leveraged forex transactions without the need to prove that they are futures contracts. The Dodd-Frank Act now expands this authority to include virtually all retail cash commodity market products that involve leverage or margin – in other words OTC precious metals.
The prohibition of Section 742(a) does not apply, however, if such a transaction results in actual delivery within 28 days, or creates an enforceable obligation to deliver between a seller and a buyer that have the ability to deliver, and accept delivery of, the commodity in connection with their lines of business. This may be problematic as in most spot metals trading virtually all contracts fail to meet these requirements. As a result, although the courts’ interpretation of Section 742(a) is unknown, Section 742(a) is likely to have a significantly negative impact on the OTC cash precious metals industry. Here too, it is essential that those who offer to be a counterparty to OTC metals transactions seek professional help to discuss possible operational and regulatory contingency plans.
Small Pool Exemption Eliminated
Pursuant to Section 403 of Act, the “privateadviser” exemption, namelySection 203(b)(3) of the Investment Advisers Act of 1940 (“Advisers Act”), will be eliminated within one year of the Act’s effective date (July 21, 2011). Historically, many unregistered U.S. fund managers had relied on this exemption to avoid registration where they:
(1) had fewer than 15 clients in the past 12 months;
(2) do not hold themselves out generally to the public as investment advisers; and
(3) do not act as investment advisers to a registered investment company or business development company.
At present, advisers can treat the unregistered funds that they advise, rather than the investors in those funds, as their clients for purposesof this exemption. A common practice has thus evolved whereby certain advisers manage up to 14 unregistered funds without having to register under the Advisers Act. Accordingly, the removal of this exemption represents a significant shift in the regulatory landscape, as this practice will no longer be allowable in approximately one year.
Also an important consideration, the Dodd-Frank Act mandates new federal registration and regulation thresholds based on the amount of assets a manager has under management ("AUM"). Although not yet underway, it is possible that various states may enact legislation designed to create a similar registration framework for managers whose AUM fall beneath the new federal levels.
Accredited Investor Qualifications
Section 413(a) of the Act alters the financial qualifications of who can be considered an accredited investor, and thus a qualified as eligible participant (“QEP”). Specifically, the revised accredited investor standard includes only the following types of individuals:
1) A natural person whose individual net worth, or joint net worth with spouse, is at least $1,000,000, excluding the value of such investor's primary residence;
2) A natural person who had individual income in excess of $200,000 in each of the two most recent years or joint income with spouse in excess of $300,000 in each of those years and a reasonable expectation of reaching the same income level in the current year; or
3) A director, executive officer, or general partner of the issuer of the securities being offered or sold, or a director, executive officer, or general partner of a general partner of that issuer.
Based on this language, it is important to note that the revised accredited investor standard only applies to new investors and does not cover existing investors. However, additional subscriptions from existing investors are generally treated as requiring confirmation of continuing investor eligibility.
On July 27th, 2010, the SEC provided additional clarity regarding the valuation of an individual’s primary residence when calculating net worth. In particular, the SEC has interpreted this provision as follows:
Section 413(a) of the Dodd-Frank Act does not define the term “value,” nor does it address the treatment of mortgage and other indebtedness secured by the residence for purposes of the net worth calculation…Pending implementation of the changes to the Commission’s rules required by the Act, the related amount of indebtedness secured by the primary residence up to its fair market value may also be excluded. Indebtedness secured by the residence in excess of the value of the home should be considered a liability and deducted from the investor’s net worth.
h/t Ryan



READ FULL ARTICLE ON ZERO HEDGE

Germans rethink bailout, UK banks abandon Eurozone

Friday, June 17, 2011

15 Million Lots available in MT4

EES FX ECN now offering 15 Million Lots in MT4 http://eesfx.com/ecn

MT4 normally restricts demo and live accounts to 1,000 lots.  Of course, with 50:1 leverage, in order to trade 15 Million Lots, which is 1.5 Trillion, would require a deposit of 30 Billion.

1,000 Lots is 100 Million, so with a deposit of 10 Million, the 1,000 lot limit would be restrictive.  15 Million is a high enough limit that it is for most accounts high enough where only leverage limitations would be implemented.

http://eesfx.com/ecn

Sunday, June 12, 2011

EES Releases Velocity Indicator on MQL4

http://codebase.mql4.com/7625


Velocity = High-Low / Time. Time is changeable to minutes, hours, or days. Seconds is the default. In physics, Velocity = distance / time.
Velocity can be a good indication of price action divided by time, differing from indicators such as ATR and Volatility indicators that do not include time.

Wednesday, June 8, 2011

Department of Education sends SWAT team to collect student loan


STOCKTON, CA - Kenneth Wright does not have a criminal record and he had no reason to believe a S.W.A.T team would be breaking down his door at 6 a.m. on Tuesday.
"I look out of my window and I see 15 police officers," Wright said.
Wright came downstairs in his boxer shorts as a S.W.A.T team barged through his front door. Wright said an officer grabbed him by the neck and led him outside on his front lawn.
"He had his knee on my back and I had no idea why they were there," Wright said.
According to Wright, officers also woke his three young children ages 3, 7, and 11 and put them in a Stockton police patrol car with him. Officers then searched his house.
As it turned out, the person law enforcement was looking for was not there - Wright's estranged wife.
"They put me in handcuffs in that hot patrol car for six hours, traumatizing my kids," Wright said.


http://www.news10.net/news/article/141072/2/Dept-of-Education-breaks-down-Stockton-mans-door

Tuesday, June 7, 2011

IMF Says Loan Program to Portugal Entails ‘Important Risks’


The International Monetary Fund’s 26 billion-euro ($38.1 billion) loan to Portugal “entails important risks,” the agency’s staff said in a report prepared to assess the country’s request for assistance.
The measures attached to the loan “may fail to alleviate sovereign debt concerns, with an adverse impact on government financing prospects,” IMF staff wrote in a May 17 report that was posted on the fund’s website today. “In particular, refinancing risks from the closure or contraction of the Treasury bills market represent a near-term refinancing risk for the government.”

http://www.bloomberg.com/news/2011-06-07/imf-says-loan-program-to-portugal-entails-important-risks-.html  

Monday, June 6, 2011

EES FX adds 2 new indicators

For EES FX Subscribers, 2 new indicators are added.  To get your indicators, sync your Elite Meta Sync software via FTP.  Indicators are:


  • EES Velocity (High-Low/Time)
  • Tick Chart in MT4
To get these indicators, visit http://eesfx.com