This law remains in effect today. BUT, a way around this requirement was created in the early 1990's. Listen to Sausen again. The 10 cents on the dollar margin trading of the 1920's has been replaced by the 1 cent on the dollar Derivatives buying of the 1990's. Today, in 1997, this figure is higher still.
Derivatives are generally for a stated period of time, and for a stated volume and dollar amount.
Thus, our financial leaders have deliberately created a truly monstrous weapon with which the entire financial foundations of the economies of the entire world may be brought down with the greatest crash in history. Listen to how Sausen describes the condition in which the world finds itself today. The world has the most leveraged and speculative financial markets in recorded history. If you own any stock, or any retirement plans that would be taken down during a stock market crash, and an economic collapse, get them out NOW . Do not let any broker or investor talk you into the false notion that everything is going to turn out all right.