>> The United States could become perceived as a place that is inhospitable to capitalism and capitalists. USA is already perceived as the most restrictive gov

>> The United States could become perceived as a place that is inhospitable to capitalism and capitalists. USA is already perceived as the most restrictive government in the world for citizen participation in any non-bank finance. And I have news for regulators: the banks are an anachronism. They are not making loans anymore. They only exist to sell loans to the government and buy them back as treasury-backed assets at a lower price. The difference comes from taxes. It’s a direct transfer of wealth from citizens to banks. They will probably be nationalized because citizens will realize how useless and parasitic they are. All business activity will abandon the banks and all investment will go into stateless financial systems. There is nothing anybody can do to stop this. The ‘protections’ (restrictions) offered by regulators now have negative value to US citizens. This is not some far-out warning. This is happening now. US financial startups are like rats abandoning ship to organize in Canada, Switzerland, Singapore etc. And they are all led by non-citizen US residents, because citizens take that regulation with them anywhere in the world. The best deal in the world right now is to be a permanent US resident with some other citizenship. That seems wrong.