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1841  Economy / Economics / Re: How to protect from inflation? on: May 26, 2021, 11:44:53 AM
Inflation protection normally implies investing and holding assets that appreciate in value, at a greater rate than inflation depreciates wealth.

If inflation is 3% per year. We must invest in assets that payout 3% in annual percentage yield just to break even.

What complicates matters is inflation protection assets generally being in high demand during recessions or eras defined by high fiat printing, when inflation becomes a real concern. Every financial crisis and recession has its own unique identity and persona.

The current era is a very difficult one to find legitimate inflation protected assets in. Commodities like gold, silver and oil. Bonds and bitcoin. Everything is under siege, being devalued or under some type of attack at the moment. Economists and financial gurus are scratching their heads wondering why the price of gold and silver are not climbing. Bitcoin likewise could consistently be appreciating in value as an inflation protected asset.

The big question is: where should people put their money to protect it from inflation in 2021. There are no easy answers to this question that I know of. Circumstances are difficult everywhere.
1842  Economy / Economics / Re: Do you think Elon is manipulating the market? on: May 26, 2021, 11:27:20 AM

List of fuds that makes the crypto market crash:
-Elon Musk tweeted about Tesla not accepting Bitcoin as a payment method
-Bitcoin price falls after China calls for crackdown on bitcoin mining and trading behavior

Elon, in my opinion, is truly manipulating the market by issuing a statement on his Twitter account that is very influential to the majority of people in the crypto scene without DYOR even his people that are engineers can't assess the reality of bitcoin mining! He stated that BTC isn't good for the environment and having a huge power consumption but many of the experts have already debunked his statement.



What's missing is a motive. If Elon Musk's goal was to crash bitcoin. Why crash btc when tesla is holding more than $1.5 billion btc. Bitcoin's price decline hurt Elon Musk and tesla as much as it hurt everyone affected.

Influencing markets and the value of assets like bitcoin requires billions of dollars in active trading liquidity. This is something that Elon Musk lacks with the vast majority of his net worth tied up in tesla stock. If someone wanted to pinpoint the identity of person behind market trades. They would look at the trading demographic with the largest amount of money and liquidity.

Many are pointing the finger at Elon Musk and blaming him for crypto's latest decline. It would seem there are a few things missing before Elon Musk could be pronounced guilty.
1843  Bitcoin / Bitcoin Discussion / Re: Why is it so bad that Elon and Saylor are talking with miners about clean energy on: May 25, 2021, 03:23:24 PM
It is already known that the majority of crypto mining is powered by green and renewable energy.

The agenda demanding better energy reporting endorses false claims of the majority of crypto mining being powered by coal and environmentally unfriendly sources of power.

Elon Musk and Michael Saylor are not clarifying the issue with their narrative. They're doing the opposite. Their stance is one where crypto miners rely on a lack of transparency and reporting standards to keep the public in the dark as to the extent of how crypto mining damages the environment. The entire thing is not only untrue. But might be considered a misinformation campaign.

1844  Economy / Gambling discussion / Re: Help me with posting 3 matches on: May 25, 2021, 03:01:23 PM
If you win will you give me a commission? lol

okay, here's my suggestion. bet on NBA playoffs. We have 3 games tomorrow.

2. Brooklyn/Celtics over 227



There are more eyes watching playoff games, greater scrutiny. More at stake in contrast to the regular season.

Sometimes, teams slow the pace of the game and try to be more strategic/tactical. With a goal of making fewer mistakes.

This happens in many sports. Everyone's watching the playoff games. The team owners, analysts, commentators, fans. Many will play not to look bad, rather than to win the game.

In the regular season the points over may be more likely to hit. While the under may be more likely to hit in the playoffs and championship game.

I would be interested to read peoples opinions and perspective on this.
1845  Economy / Economics / Re: NASDAQ on the Blockchain? on: May 24, 2021, 06:57:59 PM
Do people have an impression of US stock indexes being on the cutting edge of technology? Or that investors like Warren Buffett are eager to embrace new and emerging technology in the investment sector?

The first change which could happen is US stock market trading shifting to a 24 hour, 7 day week, format similar to crypto exchanges. That could give trading brokerages greater volume of trades. It could make US stocks more attractive to day traders. The average trading day becoming more flexible and less prone to time constraints.

We've seen many stock brokers recently follow the $0 commission trade format popularized by crypto exchanges.

There are essentially a million different things stock indexes and brokers could do to improve and modernize their product. What appears to be lacking is interest, motivation or will to ever make that happen. Its surprising how quickly they shifted to a $0 commission trade format. Making those types of changes, are things that usually occur slowly.

Arguably all of the recent innovation and developments in equities trading are occurring on the broker level. By firms like robinhood. Virtually none of it may ever likely occur on the esablishment end with indexes like NASDAQ imo.
1846  Other / Off-topic / Re: Money is the Essence of Remorse. on: May 24, 2021, 06:46:53 PM
I think its not so much money that people crave. But rather options, time, freedom and material possessions which can be exchanged for money.

It is a bit sad how our values and culture have shifted from admiring those who serve their country or community. To simply admiring those who have money and material possessions. Society may have regressed some on that point. In decades past, it may have been culturally common for many to say they wouldn't sell their souls for all the money in the world. Today, there could be many who would sell their souls for a sum of money that is not that large.

Civilization might benefit from a shift towards values less exclusive to materialism.

There could be an interesting debate to be had. In terms of whether human life might be devalued through overpopulation. The way that fiat currencies can devalue and hyperinflate through overprinting. It would not necessarily be a pleasant or positive discussion. But it might be worthwhile to pinpoint what fundamental shift is responsible for these latest materialist trends.
1847  Economy / Gambling discussion / Re: Bet365 just achieved a big milestone. on: May 24, 2021, 06:25:49 PM
Its a bit pointless for most CEOs to earn millions. They don't do anything useful with the wealth they accumulate. None of it will go towards causes that benefit or advance society.

Business for gambling establishments must be booming at the moment. Its an under reported story I haven't seen covered anywhere. It might also explain the recent slew of anti gambling content published by the media.

It should be mentioned many gambling establishments and sportsbooks were bought up by investment firms around 2018. They've attempted to consolidate and centralize the gambling industry to some degree. Capital being poured into advertising and marketing as a result, could be reflected in the monetary gains of Bet365's head.
1848  Economy / Economics / Is Bitcoin Naturally Defined By 4 Year Boom And Bust Cycles on: May 24, 2021, 06:17:52 PM
A brief timeline of crypto history.

2013  Bitcoin reaches a new all time high. Then crashes as silk road is shut down. Ross Ulbricht is arrested. And china bans financial institutions from buying or selling bitcoin.

2017  Bitcoin reaches a new all time high. Then crashes amidst allegations of bitfinex and tether market manipulation of btc. And china reportedly bans cryptocurrency exchanges.

2021  Bitcoin reaches a new all time high. Then crashes. The first event in the crash is attributed to chinese crypto miners being forced to shut down from alleged electricity shortages caused by coal power plant outage.

Based on the above, might it be fair to expect another bitcoin all time high, followed by a crash in 2025?

Will bitcoin naturally be defined by 4 year boom and bust cycles.

Due to its rewards halving being based around approximate 4 year cycles?
1849  Economy / Economics / Re: Understanding a bear market. on: May 22, 2021, 02:59:07 PM
It might be fair to say markets and history are composed of patterns which repeat over time.

There are parallels which could be drawn between today's world and ancient rome more than a thousand years ago. There are parallels which can be drawn between today's markets and the 1920s to 1930s era. Even within the last 10 years there are many instances of market trends repeating.

To understand things like bear/bull markets, it helps to have a basic comprehension of history and world events. These are fundamental forces play a large role in shaping the future direction markets will trend.

The only thing which allows history to repeat itself, is enough people forgetting the last time similar circumstances unfolded.
1850  Bitcoin / Bitcoin Discussion / Re: Elon Musk Tweeting Power gone on: May 22, 2021, 02:50:30 PM
I think someone arranged for Elon Musk to post negative content on bitcoin's alleged energy consumption. And planned a dump in advance to frame Elon Musk and make him take the blame.

Tesla stock has been attacked by short sellers at least twice. Elon Musk is always being attacked by the media. Which often publishes false content and accusations towards him. Elon Musk is always being investigated and attacked for smoking weed on Joe Rogan's podcast and all types of other silliness.

It should be clear by now there is some type of agenda against Elon Musk and tesla. Elon's tweet on bitcoin's electrical consumption is only the latest in a long line of attempts to discredit/attack/smear him.
1851  Economy / Economics / Re: Assault of Wall Street against crypto, fault put on the Chinese. Opinion. on: May 22, 2021, 02:37:15 PM


https://twitter.com/zerohedge/status/1395745248408707079

....


Remember when china apologized for crashing bitcoin off miner hash rate decline. They claimed industrial crypto mining in china shut down due to coal power outtages. As if no one today owns or uses a back up generator. Bitcoin's value plummeted. China apologized for crashing crypto for the 1st time ever. China didn't want investors, hedge funds and the wealthy being mad at them for crashing bitcoin.

That happened before Elon Musk's tweet.

There were unprecedented events in china crashing bitcoin before and after Elon Musk's social media postings.

Which some might find odd.
1852  Economy / Gambling discussion / Re: Manny Pacquiao vs Errol Spence Jr on Aug 21 in Vegas on: May 22, 2021, 02:26:35 PM
I'm surprised Manny Pacquiao is fighting a lesser known name like Errol Spence Jr.

A bout versus Conor McGregor or a rematch with Floyd Mayweather Jr. would definitely be a bigger payday for Pacquiao.

There seem to be weird politics or business conflicts which are keeping Pacquiao away from some of the bigger fights out there for him.

Its sad how Canelo has so much hype and marketing behind him when GGG beat him twice. Boxing is becoming more like a privileged sport where boxers have to be in with the right people to get the big fights and the big publicity push. Which sucks.
1853  Economy / Economics / Re: Rich Americans Fleeing Tax Hikes May Turbocharge Shift to ETFs on: May 21, 2021, 01:40:02 PM
This news is so confusing. In my country (bullion) ETFs are taxed at a higher rate when compared to the mutual funds, because capital gains from gold or other bullion metals have a higher rate of tax compared to that from the equities. Is it the other way around in the United States?


I can't comment, sorry. Not an ETF guy. I've never traded ETF.

They're reporting it is the opposite in the USA. But there have been many inaccurate things published of late.
1854  Economy / Economics / Re: Risk of Scarcity. on: May 20, 2021, 01:18:12 PM
Is it scarcity. Or is it merely an escalation in trade deficits and trade wars which have perpetuated for many years now.

For many years the USA imposed trade sanctions on rogue states like north korea, russia and iran.

Recent events in the USA involving semiconductor shortages, parts shortages and fuel shortages are generally what happens to a nation when it is hit by economic sanctions.

I don't think it really matters what's happening now. No one remembers the trade wars when Donald Trump was President. No one remembers that those trade wars did not necessarily end.
1855  Economy / Economics / Re: Risk of Inflation in Economy. on: May 20, 2021, 01:11:51 PM
Isn't it a strange world we live in where not overprinting fiat is considered unattainable rocket science to many states and regulatory authorities. Even more strange is how determined many are to refuse to acknowledge basic rules and principles of finance/economics applying even to large governments with trillions in assets.

There could be a certain anti intellectualism involved in believing humanity has evolved beyond basic laws of science and money. A trend people might want to reverse before circumstances deteriorate further.

Inflation is a relatively harmless things by itself. The real problem is convincing people circumstances leading to inflation are real problems that need addressing. Civilization appears to have reached a point where inflation is considered to be as mythical as aliens. It could be a concern.
1856  Economy / Economics / Rich Americans Fleeing Tax Hikes May Turbocharge Shift to ETFs on: May 20, 2021, 12:54:27 PM
Quote
The booming ETF industry may be set to lure even more cash in the coming years as rich Americans facing higher capital gains taxes look to limit what they owe Uncle Sam.

President Joe Biden’s plan to double the rate those making more than $1 million a year pay on investment profits would accelerate a shift that’s already seen hundreds of billions of dollars migrate from mutual funds to exchange-traded funds, market watchers say. That’s because ETFs are generally more tax efficient, spinning off fewer capital-gain disbursements that for some could soon become a lot more costly.

In fact, by one measure, the tax efficiency of ETFs has been the single most important driver behind the tectonic shift in asset allocations in recent years. While the administration’s plan remains in its infancy and is sure to face intense scrutiny from lawmakers in the months ahead, even an incremental hike in the capital-gains rate would likely spur further ETF usage, according to David Perlman, an ETF strategist at UBS Global Wealth Management.

“If capital gains tax rates are going to be higher, if you have a choice of a structure that helps to defer capital gains and gives you more control over when to recognize those gains, you’d be more inclined to go in that direction,” Perlman said.



When an investor exits a mutual fund, the fund’s manager must sell securities to raise cash for the redemption. The same investor leaving an ETF can sell their shares on to another investor, meaning neither the fund nor its manager has made a taxable transaction.

Meanwhile, the “in-kind” process used to create and redeem shares in an ETF -- whereby the ETF issuer exchanges the fund’s underlying securities with a market maker rather than transacting in cash -- means the ETF rarely executes a taxable sale.

A December study by researchers at Villanova and Lehigh universities found that over the past five years, ETFs have averaged a tax burden 0.92% lower than active mutual funds. Moreover, particularly for high net-worth investors, tax considerations have outweighed both performance and fees as the primary driver of flows out of active mutual funds and into ETFs, the findings showed.

“There’s no question Biden’s plan to hike the capital gains tax could be a boon for ETFs,” Nate Geraci, president of the ETF Store, an advisory firm, said via email. “Despite significant market share gains by ETFs over the past decade, there are still trillions of dollars locked in less tax efficient mutual funds.”

Last year alone, the ETF industry took in almost $500 billion, while mutual funds lost about $362 billion, according to data compiled by Bloomberg.

ETF Advantage

Most ETFs hardly pass along any capital gains to shareholders nowadays. Only 3 of 585 in a CFRA analysis made disbursements in 2020, Todd Rosenbluth, head of ETF & mutual fund research at the firm, wrote in an April 26 report. Over the same span, 37 of 39 domestic equity mutual funds from T. Rowe Price Group Inc. incurred a capital gain, the analysis showed.

“We expect more people that mix ETFs and mutual funds together will be more inclined to shift toward strategies to avoid paying higher capital gains taxes in the future,” Rosenbluth wrote.

Even investors not affected by the higher rate could migrate toward ETFs, he added. Simply the discussion of capital gains reminds investors of the industry’s innate tax advantages over mutual funds.

Others aren’t convinced a higher capital-gains rate will do much to boost inflows into ETFs. Wealthy investors would have to sell their mutual fund holdings to make the switch, triggering significant tax liabilities in the process, said Michael Zigmont, head of trading and research at Harvest Volatility Management.

“I see this tax hike not being good or bad for ETFs,” he said.

Meanwhile, ETFs don’t suit every investment need. The U.S. retirement system remains heavily geared toward mutual funds, for example.

Nonetheless, Perlman agrees with Rosenbluth that the potential tax change could even have an impact on investors below the $1 million annual earnings threshold.

Those expecting to soon find themselves in the upper tax bracket, or concerned the threshold could be lowered down the road, are also likely to shift their future allocations, he said.

“The incentives apply more broadly than just to those impacted by the proposal,” Perlman said.

https://www.bloomberg.com/news/articles/2021-05-02/rich-americans-fleeing-tax-hikes-may-turbocharge-shift-to-etfs


....


According to this, some studies credit ETFs with an average 1% lower tax burden in comparison to mutual funds. This is attributed to shares in ETFs being untaxable exchanges between investors, rather than official buying/selling of securities. If true, this would mean ETFs have intrinsic tax advantages over mutual funds and other investments.

This might explain why the winklevoss twins tried so hard for so many years to bring cryptocurrency ETFs to the USA.

Perhaps it would be good if the SEC gave crypto ETFs in america a green light?
1857  Economy / Economics / Re: The Downfall of TSLA on: May 19, 2021, 11:44:45 PM
Tesla unveiled plans to design and build revolutionary new battery technology for 2022.



They claim gains of 5 times the energy, 18% gains in range and 6 times the power. Not to mention gains in manufacturing efficiency and lower cost production.

They plan to license this technology to other automakers in the future. The way that nintendo licensed old cartridge technology over existing technology like CDs/DVDs to earn an extra profit.

Anyways, if someone wanted to claim tesla stock is overvalued, this might be one good place to start.
1858  Economy / Economics / A Better Gold Play Than Gold ETFs on: May 18, 2021, 11:15:14 PM

https://www.youtube.com/watch?v=78IzXNKKxOU

Quote from: Youtube Channel Description
Gold panning, metal detecting and mining adventures with Dan Hurd.

Most videos on this channel have something to do with prospecting, mining and gold panning.  Many are educational lessons I give to my "Gold Mining and Mineral Prospecting" class. (I'm a high school teacher)  Others are videos of me checking out claims I am prospecting.  If you would like to learn to gold pan, learn where to look for gold, or how to find gold, learn about the gold mining industry or gold processing wash plants, this might be the channel for you. If you like what you see, please comment, like, and subscribe.

....


There are youtubers publishing content on their gold panning and prospecting adventures.

It seems that it is possible to collect $500 to $1,000+ worth of gold in a single day this way.

Am I right in thinking this is a more profitable, reliable and stable gold play than throwing money at gold ETFs which could be fractionally invested in paper gold.

Needless to say, it is only accessible to those residing in certain regions. Not everyone can do it. But perhaps a worthwhile investment for those who can?
1859  Economy / Gambling discussion / Re: What's the motive behind the anti gambling campaign on: May 18, 2021, 10:58:06 PM
I don't know about gambling addiction. Discussion on the topic sounds like an origins story of prohibition to me. The idea that people cannot make good decisions with alcohol, gambling or guns. And that the state should naturally take those freedoms and choices away from people. Is that something that most agree with? I don't agree with simply banning things due to the lowest common denominator of people failing to make responsible choices. For those who support marijuana legalization, isn't the reason for it being banned virtually identical to the anti gambling push being made now?

There definitely are people who consistently profit from fantasy sports and gambling. Most keep a low profile and don't talk about their winnings. They don't want recognition or attention. They simply want to keep making money.

I'm still not seeing much of a difference between gambling, lotteries and stock markets.

Quote

This man lost billions on the stock market.

Where are news stories and experts condemning stock market gambling addiction?

....

I'm certain there are people who make bad choices in gambling who are addicted. It could be fair to say, those people have problems that go far beyond gambling or addiction.
1860  Bitcoin / Bitcoin Discussion / Re: Max Keiser has Elon Musk as a negative influence on the worlds energy on: May 18, 2021, 10:43:06 PM
The problem with the climate change debate is the largest offenders of fossil fuel emissions are never mentioned.

The USA is actually one of the cleanest nations in the world. The segment of the US that produces fossil fuel based pollution is its military.

Bitcoin isn't a major offender. The majority of POW mining is powered by renewable energy. Which in turn helps fund more renewable energy projects around the world.

The #1 source of coal power in the world isn't bitcoin or the USA. Its a thing the media and experts never mention. Which is suspect behavior IMO.

A case could be made for Elon Musk doing more to reduce dependance on fossil fuel based energy than anyone in the world. His push for EVs has greatly decreased carbon emissions around the world. Which makes it interesting that someone like Max Keiser would try to illustrate Elon Musk as someone who is "destroying" the environment.
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