America’s Big Red Forex Button – MOST IMPORTANT FOREX FACT
We have written extensively on the topic of Forex and even published an in-depth book about key points “Splitting Pennies – Understanding Forex” – and in the process we’ve learned what investors don’t know about Forex and how it fuels market fears. So now we’d like to elaborate on the MOST IMPORTANT FACT INVESTORS NEED TO KNOW ABOUT FOREX, and to a lesser extent the markets in general.
America has in its possession A BIG RED FOREX BUTTON that can shut down US Dollar connected payment systems with one press. This button can halt stock markets, futures exchanges, money markets, all with one simple push. Probably, it looks something like this: STOP
This button will probably never be used, it was developed in case of financial emergency. But it’s there – and the fact that it exists, makes a few bank managers and government workers sleep well at night. Such systems are developed ‘just in case’ – just like the missile defense system, a complete waste of taxpayer dollars, built to ensure that if nuclear missiles are launched on America, America can save 10% of cities and wipe out the majority of the attacker based on the neo-con ‘mutually assured destruction’ MAD policy. This button serves the same purpose, although financial. Pressing this button would bring all economic activity in economies that utilize the US Dollar to a complete standstill.
Lazy government workers
To understand why and how this button was built, we must first understand a little about how the US Government works. The US Government is the largest employer of any kind in the world. We need to understand the differences between private employment, and government employment (because this big red button was built by government workers in collaboration with private workers). Private employment operates on a simple market based approach – good workers are rewarded usually with higher pay, more job security, and more benefits. If a worker for a private company makes his company a fortune, he’ll be rewarded with a big bonus, big desk with accompanying window, and an office plant, maybe a fern. If the worker in a private company is a bad worker, lazy, incompetent, or just difficult – he will be fired. Government is the opposite. There’s a mantra in government work – what do you do with a problem employee? Promote them! Because then they are out of your hair, and if you fire them, well you may end up in front of a senate hearing explaining why, or you may end up being sued, or you may end up with a number of special interest groups heckling you about the rights of people with Narcolepsy.
The government approaches work in an entirely different way than in private enterprise. Healthcare.gov – the world’s first billion dollar website, is another great example. Now imagine the task the Department of Defense is given; …read more
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