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What a bizarre time we live in

Curb your "safe" crypto exchange

cloudballoon says...

That's.... selective editing. If you watch the full ad then it's more like a straight up "You'll be a sucker if you don't get into crypto pronto!" message than being incisively prescience.

https://www.youtube.com/watch?v=_-FQqo46CJQ

Larry's more in the same boat as the likes of Matt Damon & Kim Kadashian here. However, the after-the-fiasco irony in the ad could/should avoid landing Larry into lawsuits/hotwater like those 2 actors did (unless he also pump & dump, contrary to his message, which I don't know yet?).

Kalush Orchestra - Stefania

cloudballoon says...

No doubt the votes are made politically (I mean, how can it not be? Albeit well deserved.) in support of Ukraine, regardless of the performance's own merit. However, Stefania is a great selection for the country. It's relatable on a human level as well as timely amid of the invasion. I hope Kalush Orchestra won't self-doubt the win as a sympathy vote.

I'm more concern about the outcome's consequence though... so EuroVision will held in Ukraine next year. And Zelensky mentioned that he hope it can be held in Mariupol? The logistic & security must be a major headache if the war drags on. Something need to "happen" to Putin pronto.

This is the performance at the venue:
https://www.youtube.com/watch?v=F1fl60ypdLs

Brokers MANIPULATING MARKET to save hedge fund billionaires

StukaFox says...

Sorry to be the little grey raincloud on this Hate The Hedges party, but you might want to understand the implications of what just happened

Y'know that fund that's getting all attention, Melvin Capital? Yeah, fuck them, right? Fuckin' shorters all shortin' and shit -- they played, they paid!

There's a reason they were bailed out and with all due haste.

Here's the issue: they were VERY good at the shorting game. So good that they actually had to turn away business. They made money like horses makes shit. When clients couldn't get in at Melvin, they went elsewhere. That opened the door to a lot of other firms basically mirroring exactly what MC was doing, which included shorting the fuck outta GME.

Fuck those guys too, right? It's their money, so why should I care?

Let's go back a few year, shall we, to the glorious chapter in finance and economics that was the 2008 Crash. Remember when Paulson lost his shit because he realized that in about 36 hours, the basic system called Western Capitalism was going to shit the bed; the bedroom; the whole house and pretty much every surface above the ocean within a planetary radius? This is sorta like that. Only worse.

The thing about short squeezes is that the losses can be infinite, and that's exactly why WallStreetBets did what they did. They knew if they bought and held -- diamond hands -- the stock would have to rise as the shorters had to cover their bets. Melvin Capital and a shit-ton of other, smaller firms had to do that and ran out of liquidity long before GME was even at $50. For every share of stock they shorted, they need to cough up another share at a higher value -- and they HAD to actually have the higher-priced share.

And here's where things get VERY ugly.

Shorting GME was such a sure thing that a huge number of shorts were placed. In fact, more shares of GME were shorted than actually existed. Oops. But hey, SURE THING, BABY and what's the worst that can happen?

Yeeeah, y'see where this is going now?

So these firms, not only are they broke, they don't have the shares, either. They need to come up with shares, pronto, at any price, because contractual obligations are a motherfucker in the finance world. But again, more shorts than there are shares and the people who have the shares, WSB and 4chan's /biz/, aren't letting them go. The longer they hold, the higher the price will go as short after short faces having to cough up the shares they borrowed.

A lot of people are about to lose a LOT of money -- the kinda losses that have so many zeros attached that looking at the number bores the eyes.

Back to 2008: the reason the whole world almost started Mad Max LARPing back then is that a narrow number of highly-important financial institutions were a wee bit thin on liquidity because they were having to pay it out by the boatload. That's bad. What would be better is if risk were more distributed, and how could that little plan POSSIBLY go wrong? Maybe a Black Swan event involving a huge amount of money that needs to be paid out by all of them due to this annoying bird.

That's where we are now, but no one even remotely knows what that figure is going to be. Again, (potentially) infinite losses multiplied by 150% times the number of shares actually available, multiplied by the dogshit risk factor on the loans and the leveraged payouts -- your best case scenario might be a loss of about $500 billion. Someone has to come up with that money, be it the Fed or other banks/investors, but that latter group has to come up with the money themselves, which is generally accomplished by selling profitable holdings. We all know what happens when a lot of people have to sell, right?

I always wanted to live in interesting times, thus proving what an utter fuckwit I am.

radx (Member Profile)

draak13 (Member Profile)

enoch says...

why thankies!
i think all ideas should be challenged,especially my own.
if my ideas cannot withstand criticism or scrutiny,then they are probably bad ideas to begin with,and should be discarded pronto.

so i try to post videos that challenge the staus quo,or bring a new perspective and sometimes i just post videos that i agree with and see if those videos hold water.

so i am grateful that others can appreciate what i am trying to do.
stay awesome!

draak13 said:

Thank you for posting pieces that challenge the viewer to learn and think critically!

lucky760 (Member Profile)

poolcleaner says...

There was a song with lyrics about reality being a ride on a bus and I just realized how ignorantly racist it is! God must truly have a sick sense of humor so if Jesus is real, he needs his meds pronto.

Is he man, is he god -- that long hair and those robes -- I gotta wonder if Jesus is transgender. It's more socially acceptable to be a half god than half woman. Just ask Kevin Sorbo.

Gods and half men of the bus. Also why you don't fuck with bus riders. That "I'm a Motherfucker" man from that infamous amber lamps video: Thor.

Every god rides a bus. My wife rides the metro, which is an even sicker version of a bus, the woman is a Goddess.

lucky760 said:

Okay, you got me.

I'll admit I was just being a contrarian. I really am blown away to learn that Jesus is not only real but has returned to earth.

Praise the lord god almighty!!!



What if god was one of us... just a stranger on the bus trying to help you find your keys...

Man spends hours making paper gas can from inkjet prints

Sydney Sift Up This Sunday at 2PM (Sift Talk Post)

eric3579 (Member Profile)

blankfist says...

Ha. You know, when I first got into LA back in 1999, it had started to lightly drizzle, and I was on my way to buy a book from Barnes and Noble at the 3rd Street Promenade in Santa Monica.

I got no more than a few steps onto the Promenade before I see a news team with a plastic wrapped camera. The instant they see me, it was like Christmas morning to them, because I was wearing a short sleeve shirt and carried no umbrella. In fact, I remember thinking how odd it was to see people covering up as if it were a monsoon sweeping through LA. They sprint for me. The camera goes up. And the mic goes into my face, and it's like, "Why are you dressed like this in the rain?" It was surreal. To them, this was fucking news!

But I must admit that since being in LA for 14 years, I am not a big pussy when it comes to rain. Time in a place changes you. Now, to me, the light drizzle feels like a monsoon and I have to get out of it pronto! Ha.

eric3579 said:

Are you OK? I heard it was fricken raining down south. Hunker down. Dont go outside. It will pass. http://youtu.be/MAK_P65YgnI

Wil Wheaton & Science of Star Trek with Neil deGrasse Tyson

shuac says...

Agreed. I'm not sure this format works for NdGT. Even the studio version of this show is kinda weird, like he's trying to be Mike Douglas or something. Get him back in the lab, pronto!

Deano said:

Rather "zany" so far (4th minute in). Audience looks like they were waiting for Louis CK to walk on.

Baddest Reptile in the Whole Damned Town

oritteropo (Member Profile)

oritteropo (Member Profile)

National Defense Authorization Act -- TYT

GeeSussFreeK says...

>> ^direpickle:

>> ^GeeSussFreeK:
Start contacting Senators pronto, you would be amazed how much it helps.

I guess it might surprise some people that it doesn't help at all...?
I essentially got laughed at the last time I contacted any of my reps.


Depressing, I didn't get such a negative response because of the windfall of calls the preceded mine.



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