I know it is early and still the possibilities exist that some negative things may crop up but the past week the industry has won a small battle in my eyes.
Looks like some of the books are fighting back and trying to put some things in place. I have personally talked to 4 shift managers at 4 different boks the past week and they have said they have been working day and nite to come up with ideas to keep the money moving in and out in a timely fashion. If anyhting these guy were convincng enough to me and seemed like they were staying put. A few laughed at the US and I got into a few indepth conversations with them about the US goverment and how much control they have over us. I sadly think that has become our reputaion throught the world, that the goverment controls us and all of our moves. This was how I was brought up to believe that commuinst nations were toward there people so it was very uncomfortable hearing a few foreign based opinions of us and our goverment.
They may just be feeding me a line of bull but in an industry where rudeness has been a problem in the past, it seems some have went out of the way too be a lot more freindly to me the past month. The industry looks like it is trying to establish a business as usual approach. Calmer heads will prevail (IMO).
I have reupped at 2 more books and am now at 6 funded books currently, down from 12 a month ago. I am staying very low in these books, moneywise. I figure it is what I can do to support the industry and show some of these books I have faith in them. In all actuallity this has been the biggest form of gambling to me since the day I started betting offshore and that is sending money to far away lands with no guarantee that I will see it again. So before this law or after I know that if I choose to play offshore than that is the biggest gamble to me. Same thing with any gambing, including locals, they dont have to pay you but you just hope they do the right thing.
In all reality, Netller did tell us they were getting out when this so called " law" was passed, so this was not expected, just the run on the banks may have caught them by surprise. Looking at the big scope of things I think most of the problems have been handled very professional by the books given the circumstances.
Lets start getting more positive. Like a few said before, a billion dollar industry is not going to go away just like that. We as a group just can't panic right now in any form. I think we have won a little battle in what will be a tough war. Trying to spin something positive in what has been a rough past month.
Looks like some of the books are fighting back and trying to put some things in place. I have personally talked to 4 shift managers at 4 different boks the past week and they have said they have been working day and nite to come up with ideas to keep the money moving in and out in a timely fashion. If anyhting these guy were convincng enough to me and seemed like they were staying put. A few laughed at the US and I got into a few indepth conversations with them about the US goverment and how much control they have over us. I sadly think that has become our reputaion throught the world, that the goverment controls us and all of our moves. This was how I was brought up to believe that commuinst nations were toward there people so it was very uncomfortable hearing a few foreign based opinions of us and our goverment.
They may just be feeding me a line of bull but in an industry where rudeness has been a problem in the past, it seems some have went out of the way too be a lot more freindly to me the past month. The industry looks like it is trying to establish a business as usual approach. Calmer heads will prevail (IMO).
I have reupped at 2 more books and am now at 6 funded books currently, down from 12 a month ago. I am staying very low in these books, moneywise. I figure it is what I can do to support the industry and show some of these books I have faith in them. In all actuallity this has been the biggest form of gambling to me since the day I started betting offshore and that is sending money to far away lands with no guarantee that I will see it again. So before this law or after I know that if I choose to play offshore than that is the biggest gamble to me. Same thing with any gambing, including locals, they dont have to pay you but you just hope they do the right thing.
In all reality, Netller did tell us they were getting out when this so called " law" was passed, so this was not expected, just the run on the banks may have caught them by surprise. Looking at the big scope of things I think most of the problems have been handled very professional by the books given the circumstances.
Lets start getting more positive. Like a few said before, a billion dollar industry is not going to go away just like that. We as a group just can't panic right now in any form. I think we have won a little battle in what will be a tough war. Trying to spin something positive in what has been a rough past month.
