Trading Currency Blog

andre77 asked:


When you see this symbol does it mean………
euro vs dollar
or
dollar vs the euro?

Sry for the noob question

MCGONIGAL

Oberhaensli R asked:


Speculative funds sloshing around the world markets create an inherent instability while undermining the real economy and progressive policies at a national level. Currency speculators trade over 1800 billion US-$ each day across borders - about 90% of the currency trade is speculative!

In the globalized economy, there is a lack of adequate funding for global problems such as disease, poverty and hunger. Global climate change, deforestation, population growth and unemployment, declining fisheries and pollution threaten local communities worldwide. Projects which could help to address these needs and create jobs will cost more than 400 billion US-$ annually. Private donors don’t meet the need, and some nations have cut their aid budgets.

THE PURPOSES OF A TOBIN TAX

The primary purpose of a Tobin Tax is to curtail the huge growth in speculative currency transactions. The fundraising potential for meeting essential needs is a further important purpose of this tax.

Each trade would be taxed 0.10 to 0.25%. This would discourage short-term currency trades but leave long-term productive investments intact.

The currency market would thus shrink in volume, helping to restore national economic autonomy. Nations again could still intervene effectively to protect their own currency from devaluation and financial crisis.

With the Tobin Tax, 100 to 300 billion US-$ per year would be generated. This revenue makes it possible to meet urgent global priorities, such as reducing the effects of global warming, disease, and poverty.

Revenue could go into earmarked trust funds to fund urgent international priorities.

VAZQUEZ