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immamac

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Everything posted by immamac

  1. I was wondering how this wasn’t hundreds dead. Holy shit.
  2. You realize you can get resurrected if you go above -100 rep again right?
  3. Count me in on the “let them deal with this shit themselves”. We have enough of our own shit to worry about to keep catching shit for picking sides in a lose lose.
  4. That's the joke. Open to changing thread title to suggestions.
  5. All of these things are related, just because some of you want to believe in an alternate reality based on your fears and irrational thoughts doesn't mean it's what's actually happening. What's actually happening: Trump lost case, gonna be banned and enforcement needs to be intentional and designed to be reversible in case the appeal actually materially changes something from the judgement. This isn't some willy nilly judgement it's a huge one that needs to be executed carefully. The case and the stay do not change the fact that there is already an embedded and assigned person with Trump Co and that Trump and the rest of the people who aren't allowed to do business in NY are not going to be able to do business in NY when the order is done. They have to clean up shit right now to even get ready for the appeal. Had they not filed the appeal this would already have been done, this is a real appeal no matter how small of a chance there is of it getting reversed or thrown out. I understand the whole idea of "NUH UH HES STILL TECHINCIALLY ABLE TO DO WHATEVER HE WANTS AND ISNT GONNA HAVE THIS ENFORCED HURRR DURRR", but in a practical sense no one will do business with the people during the stay that isn't absolutely necessary to help the enforcement of the judgement.
  6. You think the optics of siezing a lot of major assets of the front running political candidate for the Republic party is good optics vs being lenient and reaffirming they are fucked and need to take it serious and giving them opportunities to do this without severely impacting his ability to do stuff unrelated to this case?
  7. I mean they aren't trying to fuck up the political campaign and a Bond of this nature is actually unheard of/difficult to obtain. I am guessing the extension is to really let them figure out if there is a way to do this without liquidating assets first because that seems semi-permanent and it's not about destruction/dismantling a political campaign. He's already banned from doing business in NYC, the judgement is there and looming with some type of resolution in sight and the appeal has little/no shot of going in favor of Trump, because there wasn't really much shenanigans and they have him dead to rights on the fraud aspects. Essentially there's no harm done from letting him look for money for a little longer just to really drive home the fact that they are going to come up with it on their own or the NY AG will come up with it for them. This is actually working against Trump instead of for him from an optics perspective. They are giving him every chance in the world to make things right, and he keeps fucking it up.
  8. Well, now that basketball is over and Baseball has us all clamoring for watching a team that is good I think it's appropriate for us to start feeding this thread and drinking the kool-aid.
  9. He got to stick around cuz of pure insanity and it was mostly harmless. Then he started to really lean into the anti-Semitic stuff and threatened some people in another thread and that was the beginning of the end for him. Crowd sourcing worked completely as intended this time and he stayed around for I believe an appropriate amount of time. He is also still resurrectable in purgatory if he posts there.
  10. Was just down a thread in this today and doing a bunch of reading. The thread is here for discussion and I’m just putting good materials here for that discussion with my opinion.
  11. Simply saying LOL THERE WONT BE A LIQUIDITY CRISIS YOU PARANOID FUCK. isn’t really intellectually honest for this conversation. It’s reasonable to assume that there are significant risks in the current market due to the state or lack thereof of regulation in things like margin tradingp also more people than just a few are trying to say he everyone needs to start thinking of this as a real risk. https://theconversation.com/why-economists-are-warning-of-another-us-banking-crisis-224092 https://mises.org/mises-wire/money-supply-fell-fifteenth-month-row-full-time-jobs-disappear shit is fucking crazy.
  12. https://www.imf.org/en/Blogs/Articles/2024/03/18/more-work-is-needed-to-make-big-banks-resolvable week old post from IMF, don’t think I’m being alarmist - this shit is teetering at the brink. It’s hard to tell people to knock it the fuck off without causing panic and irrational behavior leading directly to the liquidity crisis you are trying to warn people about. It’s a weird catch 22 that you can’t exactly put in short term monetary policy to solve either because that requires a functional government and enforcing body (which the US has neither of with congress being a shitshow and the SEC actually not doing their fucking jobs) The major folks are watching this and tell people to please look at what you are doing and be careful and a bunch of yolo mother fuckers are pumping nvidia and AI like it’s all cool and gonna solve the problem. Shits so whack.
  13. For those who don’t necessarily understand derivatives and why speculative derivatives at the current rate are what’s worrying this is actually a good video that mixes in some humor explaining it.
  14. The kotaku thing is so weird. Not sure what to think of it tbh I feel like it’s going the right way vs the wrong way with focusing on game guides instead of clickbait bullshit culture.
  15. @Neonmoon 1) see below 2) Brokerages, institutional investors and Banks specifically 3) No, I diverge from his nefarious source of this and chalk it up to extreme complexity and a tolerance for systemic risk that non-participants get to judge for the participants. I think that corporate entities will act in the best interest for the corporation to the extent of the law, the law is set up to benefit a small set of banks and institutions. I am not a conspiracy theorist, and don’t think they are trying to take everyone’s shit, they just know they can and have shown in the past that they will (Lehman bros and JPM) Starts here: https://www.law.cornell.edu/ucc/8/8-511 in depth analysis of the systemic risk here: you can also DRS your shares, but this protection is cumbersome and not used by the majority of brokerages because they can’t lend your shares out however the fuck they want. https://www.sec.gov/about/reports-publications/investor-publications/holding-your-securities-get-the-facts https://www.finra.org/investors/insights/know-the-facts-direct-registered-shares The issue is that there is now precedent to actually have this happen, but in a bankruptcy situation the only entity protected is the broker. https://www.mondaq.com/unitedstates/commoditiesderivativesstock-exchanges/36408/the-effect-of-the-new-bankruptcy-code-on-safe-harbor-transactions so the issue isn’t that these things are kind of possible it’s that we are so far away from the core purpose of derivatives to where now if something on a chain reaction of derivatives goes bad then it’s going to fuck everything and cause a meltdown of a liquidity crisis because there isn’t actually enough money in the derivatives contract backing bodies. https://www.dtcc.com/-/media/Files/Downloads/legal/financials/2023/DTCC-Annual-Financial-Statements-2022-and-2021.pdf 70B+ in liabilities and only 3.5B in assets backing it. So in the event that something fucks up or things move fast this just becomes insolvent. When this becomes insolvent then all the collateral involved starts a chain reaction because the banks aren’t going to allow themselves to be fucked. They will go after the brokerages who lent out the shares and anything not DRS will get scooped in the collapse. the paranoia isn’t about what causes this event, but rather that we are now so fucking crazy when it comes to what’s going on with derivatives and a stressful financial event. (See SVB run and all the treasuries which have trillions in paper losses maturing). basically if we had a more sane derivatives market and more transparency into wtf is actually going on this would probably not be a concern, instead there’s a pretty solid chance that if some fucks up it doesn’t mean all liquidity is halted (market stop trading etc) and government bailouts (at this scale, likely not possible without causing hyperinflation) individually there are ways to deal with these things, but all together a chain reaction protects only the banks and is irrelevant to those unencumbered by the banks. Right now there is too much from a derivative and swap basis out there to settle in any reasonable way with the existing liquidity in the market.
  16. We won’t go that far backwards without a catastrophic physical event (War/bombs/meteor strike). A financial catastrophic event would just make it very hard to not be beholden to those with critical infrastructure to provide without being indebted to them. It happened in the early 1930s. It can and likely will happen again.
  17. So the iPhone issue is due to the new rendering in safari. Apple devs are incompetent I’ve had it happen on a bunch of sites. Especially text heavy ones.
  18. I didn’t get to watch but saw the score immediately after and was just so bummed. Fuck.
  19. Essentially it makes not super prepper activity of prepping a serious consideration. Make sure you have a general food supply, unencumbered mortgage and as little debt as possible and some semblance of self reliance on the land you own so you can last through the reboot. I would consider this all just not gonna happen if we successfully navigate this election and wrap up the Russia and china stuff in the next year or so, outside of that something has to give because it’s currently completely unsustainable.
  20. It’s a global issue now including the EU which is part of the alarm. I think people are having a hard time with this guy because he’s being a bit overdramatic on the outcome of this and that there is clear nefarious intent here, but I think it’s not so much that but people who are just operating in their own self interest and unaware or not giving a shit about how some of the unintended consequences play out because it’s not their problem.
  21. They aren’t kernels of truth man. They are legitimate concerns over law and policy that enables and supports completely unintended outcomes and behavior that rewards very very few and creates a situation that is perilous for very many.
  22. If we win tonight then uh we aren’t gonna fire RT any time soon. Any thoughts on a new thread name?
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