The problem with the financial world is that politicians are doing their best to thwart it. I really believe this deep down. I don’t believe the people behind the EU or the British Government or the US for that matter have any care about the people they govern other than how they will vote in the next election. Take last week’s AIG bonus outrage. The US government specifically said it is not interested in owning or governing these private companies – even after they gave them “collateralized loans” to help stave off their doom. They declared in full media spectacle that nationalization was not in the cards and stressed the use of the word “LOANS” to define the hundreds of Billions of dollars they dished out. So, with that, one would believe that a company that received such “LOANS” could still operate at their own discretion. Yet when a small amount of money (compared to the “LOANS” they received) gets used to fulfill contractual obligations, raise the alarm – call out the military – let’s crucify these bastards for spending taxpayer dollars so frivolously.

The Online Forex world is ripe with admonishment for the way in which the governments are handling these things. I wrote here only last week that I believed the AIG bonus scandal was a smokescreen to hide the fact that the US actually injected another Trillion Dollars (YES TRILLION WITH 12 ZEROS) into the economy in the form of buying US debt. This should be sparking outrage – the US government is now buying US government debt. The cause for concern amongst the Forex traders and brokers though is not that they did this. As it will inevitably have a negative impact on the value of the Dollar, which it has already, but that they needed to do this because no one else was buying their debt. This cold fact says much more about the state of the US economy and how it is perceived around the world. What are your views my friends?