Guys Let's All Get Rich - Are You Ready?

[Afro_Vacancy]

Think of it this way

I exchange Yuan for USD then buy oil with USD, then the seller of oil either buys an American good or service or sells those USD instantaneously on institutional forex markets for ultra cheap rates and buys Yuans to buy a Chinese good or service.

This or

I use the Yuan to buy oil then the seller either buys euro goods and services or sells the euros and buys USD to buy American good or service.


Same thing. Basic f*****g logic it is an absolutely ludicrous conspiracy. There is no net-effect one way or the other, it doesn't change the value of USD which is based on the US economy and monetary policy along with another range of variables. The conspiracy assumes that forex markets and hedging options don't exist. Spoiler alert: they do.

The way to know that this is incorrect is to see that indeed, world leaders and policymakers see it differently. Why would the USA sign a deal with the house of Saud in the first place if it doesn't matter how oil is priced? We also know that medium countries are routinely bombed and invaded when they stop using the US dollar as reserve currency.

"The $ value of oil imports and exports to the US dollar and economy is nowhere near a singularly important factor."

Global trade, even that not involving the USA, is conducted in US dollars. That's the global basis of demand for US dollars. It's what allows the US to run a large annual deficit (trade and fiscal) with relatively low inflation, in spite of giving out a low interest rate.

The end result is that of people and institutions worldwide holding onto assets in US dollars -- they usually don't convert them back to Yuan.

 

[Afro_Vacancy]

During the high point of media attention on the Grexit issue I was reading the similar things to these doomsday prediction and even mainstream stock analysts were buying into it. Collapse this collapse that, ripple effects and domino effects, banking and liquidity crisis, credit runs and minuscule $ value situations causing gigantic $ value impacts. Not to the same extent but similarly with Brexit. People love to make a big deal of these sorts of things but at the end of the day the end result typically aligns with what the numbers and logical result suggested in the first place, which is far smaller results and far less complicated.

The mainstream media misinterpreted Grexit and in turn their nonsensical predictions did not come to pass, there's no surprise there.

The whole issue involving the PIIGS was presented as that of the German victims carrying the burden of socialist paradises in the European periphery. The fear mongering went that Germany would grow tired of working and paying for other Europeans, and in the end it would be Germany that would leave the EU.

I did not take that analysis seriously as it was completely delusional, and indeed it proved inaccurate.

Just FYI Germany is doing very well.

 

[JeanLucBB]

The way to know that this is incorrect is to see that indeed, world leaders and policymakers see it differently. Why would the USA sign a deal with the house of Saud in the first place if it doesn't matter how oil is priced? We also know that medium countries are routinely bombed and invaded when they stop using the US dollar as reserve currency.

"The $ value of oil imports and exports to the US dollar and economy is nowhere near a singularly important factor."

Global trade, even that not involving the USA, is conducted in US dollars. That's the global basis of demand for US dollars. It's what allows the US to run a large annual deficit (trade and fiscal) with relatively low inflation, in spite of giving out a low interest rate.

The end result is that of people and institutions worldwide holding onto assets in US dollars -- they usually don't convert them back to Yuan.

"The end result is that of people and institutions worldwide holding onto assets in US dollars -- they usually don't convert them back to Yuan."

Correct, but they can with absolutely no difficulty and instantaneously. Without a doubt this is in part due to the historical strength and consistency of the US economy and $ in the first place.

"That's the global basis of demand for US dollars."

The value of USD is backed by fundamentals, this is not a purely supply and demand equation. You are assuming that if the petro-dollar situation degrades that suddenly other nations will offload USD, and that the only thing propping it up is the demand of other nations for its currency in commerce (which again is ludicrous with the liquidity and ease of use in forex markets and hedging options).

There is no basis or incentive for a mass offloading and international derating of USD value in this circumstance, and a devaluation would objectively increase US exports and economic activity.

 

[JeanLucBB]

The way to know that this is incorrect is to see that indeed, world leaders and policymakers see it differently. Why would the USA sign a deal with the house of Saud in the first place if it doesn't matter how oil is priced? We also know that medium countries are routinely bombed and invaded when they stop using the US dollar as reserve currency.

"The $ value of oil imports and exports to the US dollar and economy is nowhere near a singularly important factor."

Global trade, even that not involving the USA, is conducted in US dollars. That's the global basis of demand for US dollars. It's what allows the US to run a large annual deficit (trade and fiscal) with relatively low inflation, in spite of giving out a low interest rate.

The end result is that of people and institutions worldwide holding onto assets in US dollars -- they usually don't convert them back to Yuan.

"Why would the USA sign a deal with the house of Saud in the first place if it doesn't matter how oil is priced?

Again it matters and it is additionally a matter of national pride, but that doesn't lead to the conclusion that the petro-dollars failure would lead to catastrophic or even an easily measurable impact to the lives of the average American.

"We also know that medium countries are routinely bombed and invaded when they stop using the US dollar as reserve currency."

Acting as if there aren't other reasons in these circumstances is disingenuous to say the least. Not to say it wasn't a factor, but there are more examples that were bombed an invaded than I can count on my fingers where this wasn't even a singular factor.

 

[JeanLucBB]

Don't you worry about that bruh

What price you get in?

 

[Afro_Vacancy]

"The end result is that of people and institutions worldwide holding onto assets in US dollars -- they usually don't convert them back to Yuan."

Correct, but they can with absolutely no difficulty and instantaneously. Without a doubt this is in part due to the historical strength and consistency of the US economy and $ in the first place.

"That's the global basis of demand for US dollars."

The value of USD is backed by fundamentals, this is not a purely supply and demand equation. You are assuming that if the petro-dollar situation degrades that suddenly other nations will offload USD, and that the only thing propping it up is the demand of other nations for its currency in commerce (which again is ludicrous with the liquidity and ease of use in forex markets and hedging options).

There is no basis or incentive for a mass offloading and international derating of USD value in this circumstance, and a devaluation would objectively increase US exports and economic activity.

The main basis is the declining global position in the USA. If the USA stops being the world's superpower, then the US dollar will stop being the world reserve currency. In the past few years, Russia has maintained its hold in the Ukraine, it has achieved dominance in Syria. Meanwhile, China is building its first foreign military base: in Africa.

To be honest I'm a little surprised at how easily Russia and Iran have triumphed in Syria. They now also have an alliance with Turkey, which is significant.

 

[CaptainForehead]

totally unrelated but i have to start working out, i'm getting fat as sh*t. I'm connecting with pretty hot women and i can't even bring myself to date them because of what a fat balding piece of sh*t i've become lately. It's all turning to sh*t really

Didn't you say you were a skinny dude who could not put on weight?

 

[JeanLucBB]

i don't think i ever said that, but while it may be harder for me to put on weight because of m height, i am definitely packing on the pounds in a very unflattering way... it's getting very bad and i'm sure finasteride is not helping me there either

"i'm sure finasteride is not helping me there either"

I kind of want to think this too but then again I eat like a pig so idk. Either way working out 4 times a weekish isn't enough for me to lose weight without consciously sticking to 3 meals and a single snack a day.

 

[Afro_Vacancy]

The love of food and gluttony can be overwhelming.

I'm on day 1 of a fast now. All I had today was water, a bit of lime juice for taste, tea, coffee, and a lot of cough medicine lol. I'm hoping to fast through Friday.

It's non stop holidays, and traveling for me through mid-February, I'm hoping to stay under 180 lbs through it all.

Up next I have 11 days in Florida and 4 days in New Orleans. Then there's a break of a few days that includes two cooking classes (lol), a 3 day trip to Connecticut, then another break of a few days, then a three-week trip to New Zealand and Australia.

 

[Choi Han Kyul]

totally unrelated but i have to start working out, i'm getting fat as sh*t. I'm connecting with pretty hot women and i can't even bring myself to date them because of what a fat balding piece of sh*t i've become lately. It's all turning to sh*t really

Me on the other hand is thinning as hell.
spironolactone effect maybe conjunction with valerate

 

[Choi Han Kyul]

i don't think i ever said that, but while it may be harder for me to put on weight because of m height, i am definitely packing on the pounds in a very unflattering way... it's getting very bad and i'm sure finasteride is not helping me there either

Is finasteride supposed to thin you?

 

[JeanLucBB]

The love of food and gluttony can be overwhelming.

I'm on day 1 of a fast now. All I had today was water, a bit of lime juice for taste, tea, coffee, and a lot of cough medicine lol. I'm hoping to fast through Friday.

It's non stop holidays, and traveling for me through mid-February, I'm hoping to stay under 180 lbs through it all.

Up next I have 11 days in Florida and 4 days in New Orleans. Then there's a break of a few days that includes two cooking classes (lol), a 3 day trip to Connecticut, then another break of a few days, then a three-week trip to New Zealand and Australia.

Off topic but out of interest have you ever considered a transplant? Could your donor handle it?

 

[Afro_Vacancy]

Off topic but out of interest have you ever considered a transplant? Could your donor handle it?

I'm pretty sure that I have an outstanding donor, but I'm not secure enough in my life to spend the money needed to properly looksmax: transplant, rhinoplasty, lasik. So far I only got Invisalign.

I hope that I get some regrowth from micro needling.

 

[Choi Han Kyul]

I'm pretty sure that I have an outstanding donor, but I'm not secure enough in my life to spend the money needed to properly looksmax: transplant, rhinoplasty, lasik. So far I only got Invisalign.

I hope that I get some regrowth from micro needling.

Are you using dermapen or roller?
And what length

 

[Afro_Vacancy]

Are you using dermapen or roller?
And what length

I started using a 1.5mm roller a few weeks ago.

 

[Afro_Vacancy]

Some recovery last night, but I wonder if we'll ever see it back above $ 20,000.

 

[JeanLucBB]

View attachment 74316

Some recovery last night, but I wonder if we'll ever see it back above $ 20,000.

Easy.

Making a f*****g KILLING off raiblocks right now too. Can’t wait for it to hit exchanges and watch it go even more bananas.

 

[Saurabhaj]

Be cautious.

The moment people started believing that time for bitcoin launch to moon has started, Ethereum,litecoin,Ripple lobby goes in 6th gear and bitcoin goes in reverse gear.

For the love of maths:
It takes more than 10 billion usd to pump bitcoin for 10% growth intraday.
It takes just 1 billion usd to pump Ripple more than 10% intraday.

 

[CaptainForehead]

I'm pretty sure that I have an outstanding donor, but I'm not secure enough in my life to spend the money needed to properly looksmax: transplant, rhinoplasty, lasik. So far I only got Invisalign.

I hope that I get some regrowth from micro needling.

The university is not paying you enough

 

[Patrick_Bateman]

The love of food and gluttony can be overwhelming.

I'm on day 1 of a fast now. All I had today was water, a bit of lime juice for taste, tea, coffee, and a lot of cough medicine lol. I'm hoping to fast through Friday.

It's non stop holidays, and traveling for me through mid-February, I'm hoping to stay under 180 lbs through it all.

Up next I have 11 days in Florida and 4 days in New Orleans. Then there's a break of a few days that includes two cooking classes (lol), a 3 day trip to Connecticut, then another break of a few days, then a three-week trip to New Zealand and Australia.

The silverlining is that you have something that you love. Liking food to the point where you struggle to not overeat all the time and get fat is outlandish to me. I don’t like cooking or eating, it feels like a giant waste of time.
People are making food for hours and for what? Just to sit down and eat it for another hour.