Oh and no I'm not gonna get a fucking subscription to 50 streaming services either.
Not because I'm not willing to pay but because I'm a freaking economist!
You think i didn't notice the whole tech world moving to sub models?!
Easier to jack up the price during inflation.
Recurring subscription costs can be raised while ad revenue craters during hyperinflation (if you think ad budgets are the first to go now WHOO BOY wait till 2023).
And if people don't own their stuff, the need to continue to pay/rent stays there with higher prices.
Thats the next step for the real poor in the US.
First use up your money;
Then run deeply into debt;
Then rent everything you have;
And perpetual servitude is complete. No way to pay off the debt, no way to build capital, no way to become rich.
Feudalism. As i said, it's back
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I'm really not going to short form explain this one. Simply because it's such comprehensive article. It is literally hours worth of reading time. Don't worry; i'll introduce a fix for that soon.
If you wanna read about tether alone; skip to about half way, until the first list.
As far as arguing about it goes; Gimme a day to recover. It's 5 am and i literally have a Gastroscopy in 4 hours where they shove a camera down my throat to see why my stomach hurts xD Still need sleep somewhere.
But my DMs remain open for contact! I'll get to it eventually.
Interesting read; and falls in line with how i'd expect oil to behave going into 2021.
The only thing i find missing is the perspective that War is good for the price of oil, US Shale *also* needs higher prices = more motive for the US-China war path.
Just to clarify, if we look at a #China-#USA conflict through the lens of #oil prices, i see:
1. The price of oil rises. 2. US #Shale needs higher oil prices. 3. China, being the worlds largest importer of oil by far, needs lower oil prices. 4. #SaudiArabia needs higher prices.
Higher #oil prices hurt Chinese industry while helping US industry (currency stays local because of #shale). It hurts the EU too but the US is pretty much past the point of caring about Europe, geopolitically speaking.
In this case, #Russia's the Red Herring. They don't matter.
I would highly recommend first reading the other thread. But just to summarize; #Shadowcontracts are the contracts that are created, then delivered, on the same day.
This means that open interest goes up by 1, then down by 1, meaning there's 1 delivery to 0 OI change. 2/y
So if open interest changes by -10, but there where 15 deliveries, there where 5 #shadowcontracts.
Open interest being below the number of deliveries isn't a problem, it should simply never be above it.
As shown in the picture, It adds up to quite a few ounces. 3/y
Thank you all for listening/considering my words when i was still considered a nobody! The key to seeing what's coming is to be able to consider information on it's own merit. I learned this year how rare that ability is really is. 1/x
So as a thank you, I'm gonna go through my entire stock portfolio! All of my current positions and my sisters, with the reasons why.
It's not Advice, don't blame me if you invest and ride down with me. But it exposes you to my logic thinking at the least, a good deal at best 2/x
HOWEVER! Since i've run out of money (i know nobody with any kind of even decent money) i DO have an offer for anybody interested in riding a *really* good stock up with me. More about that later.
This'll be a LONG thread!(gimme time to build) Without tags just for you guys! 3/x
Picture first, explanation below. It's cobbled together from daily screenshots from their site cmegroup.com/trading/metals… where you can check daily futures volume. 1/x
First off, small apology about missing a few days of final reports; i drew the short straw on long term #covid19 effects and it's been a rough year. Never the less it's accurate enough.
By that i mean a contract for delivery on the #COMEX that is created - and delivered - on the same day. It's my explanation for why the open interest change doesn't line up with the deliveries.
I want to stress i don't know this, it's just the only logical explanation left. 3/x