Dodd-Frank Act
The Dodd-Frank Act (officially denoted the “Dodd–Frank Wall Street Reform and Consumer Protection Act”) has officially put a bullet in the head of traders using the Forex market to trade precious metals. In what feels like a Twilight Zone episode called “Is This America?,” the politicos have effectively removed one more tool of the American public to protect themselves from the collapse of the US Dollar.
The Dodd-Frank Act effectively removes the right of Americans to trade precious metals on the Forex market. For years, gold and silver have been traded as currency pairs (XAUUSD and XAGUSD, respectively). Make no mistake…gold and silver are still traded on Forex. Americans just can’t participate.
This is nothing more than a veiled attempt by politicos and their banking cronies on Wall Street to force Americans to keep their currency denominated in US dollars under the guise of attacking the “evil speculators” who would dare to flee a collapsing currency of their own making. Do they really think Americans won’t notice?
Americans should elect only on liberty-loving elected officials who will reverse Frank-Dodd.