Play Nice Random Chat Thread V

[Del191229]

Pretty much nailed it.

A hyper capitalist society where the system is designed to make money for corporations and the rich (allowing some access to a very limited number of emerging wealthy to make it) whilst ignoring the everyday people without whom none of this would exist. It's just like Russia, except that system is designed around Putin and his cronies.

Managed democracy. Oligarchy.

Not capitalist in a sense Adam Smith would recognise

 

[Swallow_Wood]

Managed democracy. Oligarchy.

Not capitalist in a sense Adam Smith would recognise

Different ways of stealing.

 

[DesertRoo]

Off topic slightly but proud boys leader was a snitch..

Exclusive: Proud Boys leader was ‘prolific’ informer for law enforcement

Enrique Tarrio, the leader of the Proud Boys extremist group, has a past as an informer for federal and local law enforcement, repeatedly working undercover for investigators after he was arrested in 2012, according to a former prosecutor and a transcript of a 2014 federal...

mobile.reuters.com

 

[Snake_Baker]

Off topic slightly but proud boys leader was a snitch..

Exclusive: Proud Boys leader was ‘prolific’ informer for law enforcement

Enrique Tarrio, the leader of the Proud Boys extremist group, has a past as an informer for federal and local law enforcement, repeatedly working undercover for investigators after he was arrested in 2012, according to a former prosecutor and a transcript of a 2014 federal...

mobile.reuters.com

Hardly surprising. They are conservative government supporters.

 

[Del191229]

Off topic slightly but proud boys leader was a snitch..

Exclusive: Proud Boys leader was ‘prolific’ informer for law enforcement

Enrique Tarrio, the leader of the Proud Boys extremist group, has a past as an informer for federal and local law enforcement, repeatedly working undercover for investigators after he was arrested in 2012, according to a former prosecutor and a transcript of a 2014 federal...

mobile.reuters.com

They always are.

 

[Val Keating]

Before getting shut down they were up to 3.5 million subscribers. That’s about 1.5 million up in 24 hours. Jesus.

 

[DesertRoo]

They always are.

Love to know snitch to groundswell movement leader ratio, must be getting pretty high now..

 

[DesertRoo]

View attachment 1047084
Before getting shut down they were up to 3.5 million subscribers. That’s about 1.5 million up in 24 hours. Jesus.

This is going to be blamed on Russian bots...

 

[Val Keating]

This is going to be blamed on Russian bots...

Only a matter of time.

 

[Flawed Genius]

Stock closed at $347 a share and is down to $292 after hours?

Is the arse falling out of it already?

 

[DesertRoo]

Stock closed at $347 a share and is down to $292 after hours?

Is the arse falling out of it already?

I think anyone who yolo’d this stock would be wise to get out, as in a week or so it’ll be nuked and other hedge funds are going to profit massively.

great advertising for the stock market thou.

 

[DesertRoo]

Great article and history lesson for anyone following the GameStop story..

Power Grab: Activists, Shorts & The Masses

Caption: "Museum Attendant (in 1925) These instruments, known as stock-tickers, were in use in Wall Street up to the year 1914. They were abandoned when the public got out of the market, and they are

investoramnesia.com

 

[Usayed Givashe]

But you’re mixing a currency transfer method like Western Union with a currency which is backed by a nation.
Using bitcoin to purchase something online as ‘supposedly anonymous’ is something entirely different from holding it as a spec currency.

the issue is, in some countries (Denmark etc) the cash rate is negative, which means you are paying the bank to hold your money.

Why would you do that if you can hold it for free and no one knows who owns it?
I guess we have to wait for Narcos Season 6 to see how involved these types of cartels are in hiding their money in these instruments. After the Panama Papers, I'd imagine this would be the number 1 way to launder and hide ill gotten gains which by extension dictates that inflows aren't exactly going to stop/slow down any time soon.

BTC is probably a buy on mega-dips until then, probably look at USD weakness in terms of finding the appropriate cross (if trading a BTC CFD).

 

[Swallow_Wood]

Interesting discussion

 

[DesertRoo]

America is broken...
millions will have to pay back unemployment benefits during covid crisis..

Millions Of Californians May Have To Repay Unemployment Benefits Due To EDD Failures

An independent audit has found that poor planning and ineffective management led to massive failures within California's unemployment system.

losangeles.cbslocal.com

 

[Snake_Baker]

America is broken...
millions will have to pay back unemployment benefits during covid crisis..

Millions Of Californians May Have To Repay Unemployment Benefits Due To EDD Failures

An independent audit has found that poor planning and ineffective management led to massive failures within California's unemployment system.

losangeles.cbslocal.com

I'm amazed that place still manages to hold together.

 

[Themanbun]

America is broken...
millions will have to pay back unemployment benefits during covid crisis..

Millions Of Californians May Have To Repay Unemployment Benefits Due To EDD Failures

An independent audit has found that poor planning and ineffective management led to massive failures within California's unemployment system.

losangeles.cbslocal.com

To be fair, what's the difference between that and us robo debting people who had no income and living paycheck to paycheck?

 

[DesertRoo]

To be fair, what's the difference between that and us robo debting people who had no income and living paycheck to paycheck?

Absolutely none..
the Morrison government should’ve been hung drawn and quartered for that, more then they were..

LA was one of the only places that had full lockdown, people weren’t allowed to work and they never got the safety net, that we were given. now they’re being told you’ll probably have to pay whatever money we did give you back...

There’s going to be some mighty pissed off people.

 

[Swallow_Wood]

I just learned an interesting thing that informs me a bit more on why things in the states are so ****ed up. I have questioned how it is possible that the government is unable to fund adequate universal health care, proper policing, proper education etc and realised that the state of California for example has an income tax rate of up to 13.3%, which is deemed so high that professionals are leaving the state en masse to protect their income. And 13.3% is the highest tax bracket for people earning over $599k. I then checked and found that this is the highest rate of income tax in the US.

How the **** is a government supposed to fund adequate programs if people pay **** all income tax, and those who can afford good accountants end up paying far less then expected?

 

[Themanbun]

I just learned an interesting thing that informs me a bit more on why things in the states are so f’ed up. I have questioned how it is possible that the government is unable to fund adequate universal health care, proper policing, proper education etc and realised that the state of California for example has an income tax rate of up to 13.3%, which is deemed so high that professionals are leaving the state en masse to protect their income. And 13.3% is the highest tax bracket for people earning over $599k. I then checked and found that this is the highest rate of income tax in the US.

How the fu** is a government supposed to fund adequate programs if people pay fu** all income tax, and those who can afford good accountants end up paying far less then expected?

Correct me if I'm wrong but don't they have tax at a number of levels? E.g. state, federal, etc.

 

[Swallow_Wood]

Correct me if I'm wrong but don't they have tax at a number of levels? E.g. state, federal, etc.

Ah, so they do! Thanks for pointing that out.

Their federal rates combined with their state rates end up looking fairly similar to what we pay here.

 

[Themanbun]

Ah, so they do! Thanks for pointing that out.

Their federal rates combined with their state rates end up looking fairly similar to what we pay here.

No worries. I only know because it always forms part of the argument of Americans misperceiving their tax burden compared to social democratic countries. They tend to think those countries are taxed 2-3x as much off the every day Joe when really it's not that great a difference.

 

[ferball]

Unless its actually true. Which is what discord claimed, they also claimed they'd issued multiple warnings. Timing is still sus as tho.

 

[Val Keating]

Unless its actually true. Which is what discord claimed, they also claimed they'd issued multiple warnings. Timing is still sus as tho.

It is true, but it’s been like that forever. Its so smelly that it’s more obvious then Epstein.

 

[Nate7]

Apparently Bed Bath and Table is the next going ballistic on the market, after this Game Stop sideshow.