Originally Posted by
bbtp
ok - why shouldn't I be able to loan money to a guy so that he can buy oil futures, sex toys, online degrees, or an over-priced abode? why is it any of Congress's business?
this is America - supposedly a free country. passing laws prohibiting trade agreements which two parties enter into voluntarily for mutual benefits is flat out UN-American. if someone wants to loan the $$$ (at his own risk!) to someone else to speculate in oil futures, so be it. if they're wrong, they'll both get what's coming to them... in the long run, they don't injure anyone else - they just ensure the markets remain liquid.
Because the new-found greed of the "wannabe Robert Kiyosaki-Rich Dad, Poor Dad types" is driving prices of almost everything through the roof. First it was stocks, then real estate, now it's gold and oil, what's next? Food and Water?
Those who understand the market get in first and make all the money at the beginning, then they write books about it and start websites to make even more money off of the suckers who'll follow. Next, the followers catch on and send the price of everything soaring, but they usually end up working harder at not having to work than anybody else, waste tons of time and money, and assume way too much risk. Finally all the rest of the wannabes buy in but the prices are so over-inflated that the market can't keep up with the greed, so it collapses.
If you become an investor because of all the buzz you hear about people getting rich, you're already too late. If you decide to invest because of an infomercial or website you've seen, you're already too late. If you're going to invest, do it responsibly, expect steady, trackable growth, be prepared for some losses, and QUIT TRYING TO GET RICH QUICK. You're only screwing yourselves and pi$$ing off everybody else with your greed.