As a foreigner I cannot comment on this, else I will be rejected at the airport by the ICE. That's called freedom my friends.
[flagged]
"Other places are 10x worse, you should be grateful to just eat 1 shovel of dirt / week instead of 10"
$70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money
181–190 of 480 posts
Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money
#182Earlier quoted context omitted.
I take a different view. These moments when the mask briefly slips are a chance to remember that we are controlled by a greedy elite and only given the illusion of choice and prosperity.
The amount of people in the startup world infected by the American Dream-Logic of privatization and Anarcho-capitalism always astounds me. All I know and have in my life is thanks to public funding. Social Democracy works and is good for business too. A state with little financial regulation in the end also has less power and control sum total. Since the southern US basically survives off slave laborers with no paper…
That is actually incorrect. What you call public funding has been before produced by private individuals or private companies. The State barely generates any money itself. And when it does in large amounts by printing new money it’s actually analog to extorting money to everyone else in the society by impoverishing them via inflation.
There is a common believe that humans would never be generous, altruistic without a State forcing them. And that’s actually quite the opposite. Humankind would have never made it if that was the case. You can observe it clearly still in lots of societies populating earth, specially the poorest ones without public services.
It’s actually the unconditional access to public services that has incentivized the individuality of our society nowadays. If I’m already supported by the State why should I make any effort towards my society? In the past without public services, interaction with your local community was a must.
But it’s also a problem as a donor or supporter: how can I support or donate to any cause if the State is already taxing 50% of my wealth and I have barely any money to buy a house?
Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money
#183Earlier quoted context omitted.
>How many physicians have been able to get rich from learning a CEO will be out of commission? Do you actually have an answer to that? Or are you just throwing out an unanswerable question as some form of “gotcha”? Now I’m actually curious. There aren’t _that_ many publicly traded companies; only about 4,000 according to Google. A little over 9,000 IPOs since 1980 [0]. The number of companies where the CEO being “out…
Never in a million years would I have guessed that there have only been 9000 IPOs in the last nearly half-century. Really drives home how many US businesses are privately owned.
It is surprising that it's such a small number, but upon reflection maybe not so surprising. Stock markets were invented to allow massively capital intensive businesses like railways to get off the ground. You can't grow a railway organically by reinvesting profit like a regular business; it needs to be fully built before it can bring in a penny. Naturally there can only be so many of these businesses. In the case of railways they usually become natural monopolies. So being publicly owned was a really great thing.
But most businesses don't need such large capital injections anyway. They can grow organically, and there's very little reason to sell a profitable company. Although it does happen, of course, Google being a prime example, having gone public when already profitable.
Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money
#184Earlier quoted context omitted.
Not just sad to watch . Would a country with a low-trust business environment be allowed to have such a huge mountain of government debt, and continue to have its currency be the world's reserve currency? A lot of sadness hinges on those considerations.
Those particular aspects are only good for Americans though. That those two things are ending is good for basically everybody else, from Brazilians, Chinese and Canadians to Frenchmen.
The speed with which things are ending are most important I think. For decades there has been a slow decline in US power. Today we have the BRICS trade block representing more than half of the world's population. And countries hold a basket of reserve currencies, where the dollar is still a large percentage, but not nearly as large as it used to be. If all these pillars of American empire are carelessly self-destructed, crashing the world order, it will be hugely disruptive. It forces other powers to act and move to occupy the power vacuum, while lacking the economic weapons may force US'es hand to engage with military force, to reestablish itself.
Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money
#185> We don’t know who placed the trades. We don’t know what they knew. Actually, “we”, collectively, do know, because the SEC maintains an “XKEYSCORE for equities” called CAT. If there was interest, the government could know exactly who placed these trades. But the call (options) are coming from inside the house.
No economic system is functional without a bunch of compromises, and capitalism needs strong regulations as a check to keep it from turning absolutely rotten. We're witnessing the removal of all of the guardrails, traffic signals, road maintenance crews. The highway patrols have been replaced by organized teams of highwaymen. It'll get a lot worse before it gets better.
Capitalism actually thrives where there is only 1 regulation: total transparency. After all, if we go by the classic definition of free market competition we have customers who have perfect knowledge of every product and the products are very similar and etc. etc.
Who cares if someone at the WH does insider trading? In a transparent system people would be able to trace back every transaction and realize something is brewing and they could act accordingly.
Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money
#186Earlier quoted context omitted.
Not just sad to watch . Would a country with a low-trust business environment be allowed to have such a huge mountain of government debt, and continue to have its currency be the world's reserve currency? A lot of sadness hinges on those considerations.
I know I’ll be downvoted but, since we’re going straight for scorched land, I prefer to voice it. I think most voters think like me “I still prefer Trump to a leftist government”: - Was there any need to be so extreme in terms of wokeness on the left? I am directly threatened by their program. Was there really any need to go for such a degree of revolution, ensuring everyone sensical would vote Trump? Could the left…
> wokeness on the left… I am directly threatened by their program.
Could you please explain what that threat is exactly, and what kind of “concessions to white males” you would have in mind?
Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money
#187Earlier quoted context omitted.
Roots of which started way back earlier than 2001 even..
Personally, I would argue that the corruption afterburner kicked in with Citizens United v. FEC. This was like giving a crack addict a feedback loop which gives them more crack. Of course it was going to end badly. We could discuss many possible points of inflection, but I don't want to dilute the undeniable power of the phrase "trust is efficient." However we got here, whatever one's politics, you cannot argue again…
Yet Kamala and her supporting PACs had two or three times the funding that Trump had.
Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money
#188Earlier quoted context omitted.
What would determine whether the SEC will investigate for insider trading? I would expect them to be shielded from executive pressure.
In this administration they will be fired for cases Trump doesnt like. Who would protect their independence, Congress? The house members will not oppose any trump policy unless the US is in a depression due to his action
At this point, it's not clear that they would oppose him dropping a nuclear bomb on Ohio.
Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money
#189Earlier quoted context omitted.
No economic system is functional without a bunch of compromises, and capitalism needs strong regulations as a check to keep it from turning absolutely rotten. We're witnessing the removal of all of the guardrails, traffic signals, road maintenance crews. The highway patrols have been replaced by organized teams of highwaymen. It'll get a lot worse before it gets better.
Capitalism actually thrives where there is only 1 regulation: total transparency. After all, if we go by the classic definition of free market competition we have customers who have perfect knowledge of every product and the products are very similar and etc. etc. Who cares if someone at the WH does insider trading? In a transparent system people would be able to trace back every transaction and realize something is…
> could act accordingly
Concretely, what are you thinking of here?
Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money
#190Earlier quoted context omitted.
Not just sad to watch . Would a country with a low-trust business environment be allowed to have such a huge mountain of government debt, and continue to have its currency be the world's reserve currency? A lot of sadness hinges on those considerations.
I know I’ll be downvoted but, since we’re going straight for scorched land, I prefer to voice it. I think most voters think like me “I still prefer Trump to a leftist government”: - Was there any need to be so extreme in terms of wokeness on the left? I am directly threatened by their program. Was there really any need to go for such a degree of revolution, ensuring everyone sensical would vote Trump? Could the left…
What left are you talking about? The Democratic Party in the USA would be seen as neo-liberals too from outside the US. Calling it "the left" just shows how delusional the society in the USA seems to have become...