You probably haven’t heard of the FCA in terms of a government licensing scam?

It works like this…

The UK regime is in constant desperation to refill its empty treasury due to bailing out the “elite” and ongoing general financial mismanagement.

One of the best ways to acquire funds is to meddle and regulate key industries in return for a slice of their pie.

Bizarrely, the professionals in the industry initially welcome the scammers in with open arms!

Why?

Because the scam increases the level of qualifications needed, increases the cost of running under the regulation and generally erects all sort of barriers to new entrants into the industry (increasing the profits for the existing players).

Then it goes too far, the sector becomes so burdened that the public stop wanting to pay the premium, cronyism creeps in, regulation becomes weighted in favour of the insiders, pushing the outsiders out.

The industry gets smaller and smaller until the government finally kills its Golden Goose.

Eventually, a new replacement is born – being unburdened with the extortion scammers it replaces the traditional sector and the cycle can begin again!