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Immediate Aftermath : The more data we collect and analyze, the clearer the picture becomes.

This is the updated first part of the list that has recorded the notable events as the world deals with the COVID-19 pandemic. [2nd Part] ― The LINKS to events and sources are placed throughout the timeline.
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The More Data We Collect and Analyze, the Clearer the Picture Becomes.
Someone threw a stone in a pond a long way away. And we're only just feeling the ripples. — Fukuhara from Giri/Haji, Netflix series
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On Jan 30, Italian PM announced that Italy had blocked all flights to and from China. While Italy has banned people from air-travelling to China, however according to IATA data, there's no measurement implemented for air-travellers from China into Italy till the Mar 07. Especially for Chinese people who have EU passports.
On Jan 31, the US announced the category-I travel restrictions, barring all foreigners who have been in China for the past 14 days, with measures including the refusal of visas and mandatory quarantine.
• "Because the US focused on China and didn't expect the infected people's entry from Europe and the Middle East, the Maginot Line was breached from behind. And so little of credible data at the beginning made the US government to miscalculate its strategic response to the virus." — Dr. Zhang Lun, currently a visiting scholar at Harvard (economics & sociology), during the interview with ICPC on Mar 29.
Also on Jan 31, the WHO changed its tune and declared the coronavirus outbreak a Global Public Health Emergency of international concern (PHEIC).
Decisions on a PHEIC always involve politics .... West African countries discouraged a declaration in 2014 after they were hit by the largest Ebola virus outbreak on record, mainly because of concern about the economic impact.
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On Feb 02, regarding the US category-I travel restrictions, Kamala Harris, the former Democratic presidential candidate, declared on Twitter:
Since 2017, Trump’s travel bans have never been rooted in national security—they’re about discriminating against people of color. They are, without a doubt, rooted in anti-immigrant, white supremacist ideologies. This travel ban is no different.
On Feb 03, criticizing Trump for his travel restrictions continues. Chinese foreign ministry spokeswoman Hua Chunying (华春莹), a Peking University professors James Liang (梁建章), New York Times, the Nation, OBSERVER, the Boston Globe, Yahoo, and Daily Kos were saying,
it's a "panicky" decision and "racist" or it's "cruel and callous," he's stoking fear for political gains, and the president is "inappropriately overreacting." And professors Liang even said the US ban "will hurt goodwill and cooperation [with China] in the future." [1] [2] [3] [4] [5] [6] [7] [8] [9]
Also on Feb 03, Mr. Tedros of the WHO said there's no need for travel ban measure that "unnecessarily interfere with international travel and trade" trying to halt the spread of the virus.
China's delegate took the floor ... and denounced measures by "some countries" that have denied entry to people holding passports issued in Hubei province - at the centre of the outbreak - and to deny visas and cancel flights.
Also on Feb 03, China is expected to gradually implement a larger stimulus packages (in total) than a USD $572 billion from 2008. — We'd never find out but my guess is that the fund will probably go to Shanghai clique.
On Feb 04, The FDA has given emergency authorization to a new test kit by the CDC that promises to help public health labs meet a potential surge in cases.
The speed ... pushing through a new diagnostic test shows just how seriously they’re taking the potentially pandemic threat of 2019-nCoV. It’s also a sign that the world is starting to learn how to deal with an onslaught of new pathogens.
Also on Feb 04, the Wuhan Institute of Virology and China's Academy of Military Medical Sciences (AMMS, Chief Chen Wei belongs to) have jointly applied to patent the use of Remdesivir. Scientists from both institutes said in a paper published in Nature’s Cell Research that they found both Remdesivir and Chloroquine to be an effective way to inhibit the coronavirus.
On Feb 06, Jamestown Foundation, a Washington-based research & analysis unit, noted that with State Council of PRC praising his performance of containing the pandemic situation, the council expanded Li Keqiang's political control over Politburo Standing Committee of CCP. (Li Keqiang = Communist Youth League = Shanghai clique)
Also, on Feb 06, as the US evacuation planes leave China, the wave of the US evacuees have arrived who are met by the CDC personnel at the quarantine sites for screening, and those who were suspected of infection will be placed under quarantine for 14 days.
Also, on Feb 06, a CDC-developed lab test kit to detect the new coronavirus began shipping to qualified US laboratories and international ones. — However, on Feb 12, the CDC said some of the testing kits have flaws and do not work properly. The CDC finally ended up shipping the working test kits for mass testings on Feb 27. This was three weeks later than originally planned.
On Feb 07, China National Petroleum has recently declared Force Majeure on gas imports. They are trying to create a breathing room for their foreign exchange reserves shortage. China's foreign exchange reserves fell to mere USD $3.1 trillion in Oct. 2019.
On the same day, Bloomberg reported that PetroChina has directed employees in 20 countries to buy N95 face masks and send them home in China. The goal is to get 2 million masks shipped back. You can also find YouTube videos that show Overseas Chinese are scouring the masks at the Home Depot to ship them to China (the video in Korean). Also Chris Smith is pissed.
On Feb 09, Trump renews his national emergency on its southern border, and Elizabeth Goitein from the Brennan Center for Justice, published an opinion article on New York Times titled "Trump Has Abused This Power. And He Will Again if He’s Not Stopped."
On Feb 10, Dr. Tedros said that an advance three-person team of the WHO arrived in Beijing for a joint mission to discuss with Chinese officials the agenda and questions. Then, the joint mission of about 10 international experts will soon follow, he said. — Those WHO experts ended up visiting Chinese epicentre for the first time on Feb 24.
On Feb 12, the US targets Russian oil company for helping Venezuela skirt sanctions. The US admin seemingly tried to secure leverage against Russia after noticing something suspicious was up.
On the same day, Trump told Reuters "I hope this outbreak or this event (for the US) may be over in something like April." — Dr. Zhong Nanshan (钟南山), China's top tier SARS-hero doctor, also said "the peak of the virus (for China) should come in mid to late February, followed by a plateau or decrease," adding that his forecast was based on on mathematical modelling and data from recent events and government action.
On Feb 13, Tom Frieden who is a former US CDC chief and currently the head of public health nonprofit Resolve to Save Lives, said:
As countries are trying to develop their own control strategies, they are looking for evidence of whether the situation in China is getting worse or better. [But] We still don't have very basic information. [since the WHO just entered China] We hope that information will be coming out.
On the same day, the CDC reports that the 15th case in the US was confirmed. The patient was a part of group who were under a federal quarantine order at the JBSA-Lackland base because of a recent trip to Hubei Province, China.
By Feb 13, China hasn't accepted the US CDC's offer to send top experts, and they haven't released the "disaggregated" data (specific figures broken out from the overall numbers) even though repeatedly been asked.
On Feb 14, CCP's United Front posted an article on its official website, saying (Eng. text by Google Translation):
Fast! There is no time difference to raise urgently needed materials! Some Overseas Chinese have used their professions in the field of medicine in order to purchase relevant materials Hubei province in short of supply (to send them to China). .... Some Overseas Chinese took advantage of the connection resources, opened green transportation channels through our embassies and consulates abroad, and their related enterprises, and quickly sent large quantities of medical supplies (to China), making this love relay link and cooperation seamless.
On Feb 18, Reuters reports that 3M is on the list of firms eligible for China loans to ease coronavirus crisis.
There is no indication from the list that loans offered will necessarily be sought, or that such firms are in any financial need. The Bank of Shanghai told Reuters it will lend 5.5 billion yuan ($786 million) to 57 firms on its list.
On Feb 21, Xi Jinping writes a thank-you letter to Bill Gates for his foundation’s support to China regarding COVID-19 outbreak.
On Feb 24, China was rumoured on Twitter to delay the phase one trade deal implementation indefinitely which includes the increase of China's purchasing American products & services by at least $200 billion over the next two years.
Also on Feb 24, S&P 500 Index started to drop. Opened with 3225.9 and closed 3128.2. By the Mar 23, it dropped to 2208.9.
Also on Feb 24, China's National Health Commission says the WHO experts have visited Wuhan city for the first time, the locked-down central Chinese city at the epicentre, inspecting two hospitals and a makeshift one at a sports centre.
On Feb 26, IF the picture that has been circulated on Twitter were real, then chief Chen Wei and her team have developed the first batch of COVID-19 vaccine within time frame of a month.
On the same day, the CDC's latest figures displays 59 people in the US who have tested positive for COVID-19.
Also on Feb 26, the Washington Post published an article that says:
.... the WHO said it has repeatedly asked Chinese officials for "disaggregated" data — meaning specific figures broken out from the overall numbers — that could shed light on hospital transmission and help assess the level of risk front-line workers face. "We received disaggregated information at intervals, though not details about health care workers," said Tarik Jasarevic of the WHO. — The comment, in an email on Feb 22 to the Post, was one of the first instances that the WHO had directly addressed shortcomings in China's reporting or handling of the coronavirus crisis.
On Feb 27, after missteps, the CDC says its test kit is ready and the US started to expand testing.
On Feb 28, China transferred more than 80,000 Uighurs to factories used by global brands such as Apple, Nike, & Volkswagen & among others.
Also on Feb 28, the WHO published the official report of the WHO-China joint mission on coronavirus disease 2019. (PDF)
On Feb 29, quoting Caixin media's investigation published on the same day, Lianhe Zaobao, the largest Singapore-based Chinese-language newspaper, published an article reporting the following:
Dr. Li Wenliang said in the interview with Caixin media; [in Dec 2019] another doctor (later turned out to be Dr. Ai Fen) examined and tried to treat a patient who exhibited SARS-like symptoms which akin to influenza resistant to conventional treatment methods. And "the family members who took care of her (the patient) that night also had a fever, and her other daughter also had a fever. This is obviously from person to person" Dr. Li said in the interview."
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On Mar 01, China's State Council super tighten up their already draconian internet law.
On the same day, Princelings published an propaganda called "A Battle Against Epidemic: China Combating COVID-19 in 2020" which compiles numerous state media accounts on the heroic leadership of Xi Jinping, the vital role of the Communist Party, and the superiority of the Chinese system in fighting the virus.
Starting on Mar 03, the US Fed has taken two significant measures to provide monetary stimulus. It's going to be no use as if a group of people with serious means are manipulating the markets to make sure MM will have liquidity concerns when they need it most.
On Mar 04, Xinhua News, China's official state-run press agency posted an article "Be bold: the world should thank China" which states that
If China retaliates against the US at this time, it will also announce strategic control over medical products, and ban exports of said products to the US. ... If China declares today that its drugs are for domestic use only, the US will fall into the hell of new coronavirus epidemic.
On Mar 05, Shanghai Index has recovered the coronavirus loss almost completely.
On Mar 07, Saudi's Ahmed bin Abdulaziz and Muhammad bin Nayef were arrested on the claims of plotting to overthrow King Salman. — Ahmed bin Abdulaziz is known to have very tight investment-interest relationship with Bill Gates, Bill Browder, Blackstone, & BlackRock: One common factor that connects these people is China.
On Mar 08, the Russia–Saudi oil price war has begun. The ostensible reason was simple: China, the biggest importer of oil from Saudi and Russia, was turning back tankers while claiming that the outbreak forced its economy to a standstill.
On Mar 10, the Washington Post published the article saying that the trade group for manufacturers of personal protective equipment urged in 2009 "immediate action" to restock the national stockpile including N95 masks, but it hasn't been replenished since.
On Mar 11, the gentleman at the WHO declares the coronavirus outbreak a "Global Pandemic." He called on governments to change the course of the outbreak by taking "urgent and aggressive action." This was a full twelve days after the organization published the official report regarding the situation in China.
On Mar 13, the US admin declared a National Emergency and announced the plan to release $50 billion in federal resources amid COVID-19.
Also on Mar 13, China's Ministry of Commerce states that China is now the best region for global investment hedging.
On Mar 15, Business Insider reports that Trump tried to poach German scientists working on a coronavirus vaccine and offered cash so it would be exclusive to the US. The problem is the official CureVac (the German company) twitter account, on Mar 16, 2020, tweeted the following:
To make it clear again on coronavirus: CureVac has not received from the US government or related entities an offer before, during and since the Task Force meeting in the White House on March 2. CureVac rejects all allegations from press.
On Mar 16, the fan club of European globalists has published a piece titled, "China and Coronavirus: From Home-Made Disaster to Global Mega-Opportunity." The piece says:
The Chinese method is the only method that has proved successful [in fighting the virus], is a message spread online in China by influencers, including many essentially promoting propaganda. ... it is certainly a message that seems to be resonating with opinion leaders around the world.
On the same day, unlike China that had one epicentre, Wuhan city, the US now overtakes China with most cases reporting multiple epicentres simultaneously.
Also on Mar 16, the US stocks ended sharply lower with the Dow posting its worst point drop in history. But some showed a faint hint of uncertain hope.
On Mar 17, according to an article on Chinese version of Quora, Zhihu, chief Chen Wei and her team with CanSino Biologics officially initiated a Phase-1 clinical trial for COVID-19 vaccine at the Wuhan lab, Hubei China, which Bloomberg News confirmed. — Click HERE, then set its time period as 1 year, and see when the graph has started to move up.
Also on Mar 17, China's state media, China Global TV Network (CGTN), has produced YouTube videos for Middle Eastern audiences to spread the opinion that the US has engineered COVID-19 events.
Also on Mar 17, Al Jazeera reported that the US President has been criticized for repeatedly referring to the coronavirus as the "Chinese Virus" as critics saying Trump is "fueling bigotry."
• China's Xinhua News tweeted "Racism is not the right tool to cover your own incompetence."
• Tucker Carlson asked: "Why would America's media take China's side amid coronavirus pandemic?"
• Also, Mr. Bill Gates: "We should not call this the Chinese virus."
On Mar 19, for the first time, China reports zero local infections.
Also on Mar 19, Al Jazeera published an analysis report, titled "Coronavirus erodes Trump's re-election prospects."
On Mar 22, Bloomberg reports that China's mobile carriers lost 21 million users during this pandemic event. It's said to be the first net decline since starting to report monthly data in 2000.
On Mar 26, EURACTV reports that China cashes in off coronavirus, selling Spain $466 million in supplies. However, Spain returns 9,000 "quick result" test kits to China, because they were deemed substandard. — Especially the sensibility of the test was around 30 percent, when it should be higher than 80 percent.
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On Apr 03, Germany and other governments are bolstering corporate defenses to address worries that coronavirus-weakened companies could be easy prey for bargain hunting by China's state owned businesses.
On Apr 05, New York Times says "Trump Again Promotes Use of Unproven Anti-Malaria Drug (hydroxychloroquine)."
On Apr 06, a Democratic State Rep. Karen Whitsett from Detroit credits hydroxychloroquine and President Trump for "saving her in her battle with the coronavirus."
On Apr 07, the US CDC removed the following part from its website.
Although optimal dosing and duration of hydroxychloroquine for treatment of COVID-19 are unknown, some U.S. clinicians have reported anecdotally different hydroxychloroquine dosing such as: 400mg BID on day one, then daily for 5 days; 400 mg BID on day one, then 200mg BID for 4 days; 600 mg BID on day one, then 400mg daily on days 2-5.
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☞ If there were ever a time for people not to be partisan and tribal, the time has come: We need to be ever vigilant and attentive to all kinds of disinformation & misinformation to see it better as well as to be sharp in our lives. — We really do need to come together.
☞ At first, I was going to draw up a conspiracy theory-oriented list focused on Team-Z, especially Mr. Gates. However, although it's nothing new tbh, recently many chats and discussions seem overflowing with disinformation & misinformation which is, in my opinion, particularly painful at a time like this. Hence, this post became a vanilla list that's just recorded the notable events. — We all are subject to misinformation, miscalculation, and misjudgment. But the clearer the picture becomes the better we can identify Funkspiel.
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Immediate Aftermath pt.2.a
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Feasible Timeline of the Operation
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☞ Go Back to the Short Story.
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submitted by vanillabluesea to conspiracy [link] [comments]

Just 2 more Conspiracy Theories that turned out to be True

(i couldn't post in the previous one , word limit )

1.Big Brother or the Shadow Government

It is also called the “Deep State” by Peter Dale Scott, a professor at the University of California, Berkeley.
A shadow government is a "government-in-waiting" that remains in waiting with the intention of taking control of a government in response to some event. It turned out this was true on 9/11, when it was told to us by our mainstream media. For years, this was ridiculed as a silly, crazy conspiracy theory and, like the others listed here, turned out to be 100% true. It is also called the Continuity of Government.
The Continuity of Government (COG) is the principle of establishing defined procedures that allow a government to continue its essential operations in case of nuclear war or other catastrophic event. Since the end of the cold war, the policies and procedures for the COG have been altered according to realistic threats of that time.
These include but are not limited to a possible coup or overthrow by right wing terrorist groups, a terrorist attack in general, an assassination, and so on. Believe it or not the COG has been in effect since 2001.After 9/11, it went into action.
Now here is the kicker, many of the figures in Iran Contra, the Watergate Scandal, the alleged conspiracy to assassinate Kennedy, and many others listed here are indeed members of the COG. This is its own conspiracy as well.
The Secret Team:
The CIA and Its Allies in Control of the United States and the World is a book written by Air Force Col. L Fletcher Prouty, published in 1973.
From 1955 to 1963 Prouty was the "Focal Point Officer" for contacts between the CIA and the Pentagon on matters relating to military support for "black operations" but he was not assigned to the CIA and was not bound by any oath of secrecy. (From the first page of the 1974 Printing)
It was one of the first tell-all books about the inner workings of the CIA and was an important influence on the Oliver Stone movie JFK. But the main thrust of the book is how the CIA started as a think tank to analyze intelligence gathered from military sources but has grown to the monster it has become. The CIA had no authority to run their own agents or to carry out covert operations but they quickly did both and much more. This book tells about things they actually did and a lot about how the operate. In Prouty's own words, from the 1997 edition of The Secret Team: This is the fundamental game of the Secret Team. They have this power because they control secrecy and secret intelligence and because they have the ability to take advantage of the most modern communications system in the world, of global transportation systems, of quantities of weapons of all kinds, and when needed, the full support of a world-wide U.S. military supporting base structure.
They can use the finest intelligence system in the world, and most importantly, they have been able to operate under the canopy of an assumed, ever-present enemy called "Communism." It will be interesting to see what "enemy" develops in the years ahead. It appears that "UFO's and Aliens" are being primed to fulfill that role for the future.
To top all of this, there is the fact that the CIA, itself, has assumed the right to generate and direct secret operations. "He is not the first to allege that UFOs and Aliens are going to be used as a threat against the world to globalize the planet under One government."
The Report from Iron Mountain
The Report from Iron Mountain is a book, published in 1967 (during the Johnson Administration) by Dial Press, that states that it is the report of a government panel.
According to the report, a 15-member panel, called the Special Study Group, was set up in 1963 to examine what problems would occur if the U.S. entered a state of lasting peace.
They met at an underground nuclear bunker called Iron Mountain (as well as other, worldwide locations) and worked over the next two years. Iron Mountain is where the government has stored the flight 93 evidence from 9/11.A member of the panel, one "John Doe", a professor at a college in the Midwest, decided to release the report to the public. The heavily footnoted report concluded that peace was not in the interest of a stable society, that even if lasting peace, "could be achieved, it would almost certainly not be in the best interests of society to achieve it." War was a part of the economy.
Therefore, it was necessary to conceive a state of war for a stable economy. The government, the group theorized, would not exist without war, and nation states existed in order to wage war. War also served a vital function of diverting collective aggression. They recommended that bodies be created to emulate the economic functions of war.
They also recommended "blood games" and that the government create alternative foes that would scare the people with reports of alien life-forms and out of control pollution.
Another proposal was the reinstitution of slavery.
U.S. News and World Report claimed in its November 20, 1967 issue to have confirmation of the reality of the report from an unnamed government official, who added that when President Johnson read the report, he 'hit the roof' and ordered it to be suppressed for all time.
Additionally, sources were said to have revealed that orders were sent to U.S. embassies, instructing them to emphasize that the book had no relation to U.S. Government policy.
Project Blue Beam is also a common conspiracy theory that alleges that a faked alien landing would be used as a means of scaring the public into whatever global system is suggested. Some researchers suggest the Report from Iron Mountain might be fabricated, others swear it is real.
Bill Moyers, the American journalist and public commentator, has served as White House Press Secretary in the United States President Lyndon B. Johnson Administration from 1965 to 1967. He worked as a news commentator on television for ten years. Moyers has had an extensive involvement with public television, producing documentaries and news journal programs.
He has won numerous awards and honorary degrees. He has become well known as a trenchant critic of the U.S. media. Since 1990, Moyers has been President of the Schumann Center for Media and Democracy. He is considered by many to be a very credible outlet for the truth. He released a documentary titled, The Secret Government, which exposed the inner workings of a secret government much more vast that most people would ever imagine.
Though originally broadcast in 1987, it is even more relevant today. Interviews with respected top military, intelligence, and government insiders reveal both the history and secret objectives of powerful groups in the hidden shadows of our government.
Here is that documentary:
vid
For another powerful, highly revealing documentary on the manipulations of the secret government produced by BBC, click here.
The intrepid BBC team clearly shows how the War on Terror is largely a fabrication.
For those interested in very detailed information on the composition of the shadow or secret government from a less well-known source, take a look at the summary available here.

2. The Federal Reserve Bank

The fundamental promise of a central bank like the Federal Reserve is economic stability.
The theory is that manipulating the value of the currency allows financial booms to go higher, and crashes to be more mild. If growth becomes speculative and unsustainable, the central bank can make the price of money go up and force some deleveraging of risky investments - again, promising to make the crashes more mild.
The period leading up to the American revolution was characterized by increasingly authoritarian legislation from England. Acts passed in 1764 had a particularly harsh effect on the previously robust colonial economy.
The Sugar Act was in effect a tax cut on easily smuggled molasses, and a new tax on commodities that England more directly controlled trade over. The navy would be used in increased capacity to enforce trade laws and collect duties.
Perhaps even more significant than the militarization and expansion of taxes was the Currency Act passed later in the year 1764.
"The colonies suffered a constant shortage of currency with which to conduct trade. There were no gold or silver mines and currency could only be obtained through trade as regulated by Great Britain. Many of the colonies felt no alternative to printing their own paper money in the form of Bills of Credit."
The result was a true free market of currency - each bank competed, exchange rates fluctuated wildly, and merchants were hesitant to accept these notes as payment.
Of course, they didn't have 24-hour digital Forex markets, but I'll hold off opinions on the viability of unregulated currency for another time.
England's response was to seize control of the colonial money supply - forbidding banks, cities, and colony governments from printing their own. This law, passed so soon after the Sugar Act, started to really bring revolutionary tension inside the colonies to a higher level.
American bankers had learned early on that debasing a currency through inflation is a helpful way to pay off perpetual trade deficits - but Britain proved that the buyer of the currency would only take the deal for so long...
Following the (first) American Revolution, the "First Bank of the United States" was chartered to pay off collective war debts, and effectively distribute the cost of the revolution proportionately throughout all of the states. Although the bank had vocal and harsh skeptics, it only controlled about 20% of the nation's money supply.
Compared to today's central bank, it was nothing.
Thomas Jefferson argued vocally against the institution of the bank, mostly citing constitutional concerns and the limitations of government found in the 10th amendment.
There was one additional quote that hints at the deeper structural flaw of a central bank in a supposedly free capitalist economy.
"The existing banks will, without a doubt, enter into arrangements for lending their agency, and the more favorable, as there will be a competition among them for it; whereas the bill delivers us up bound to the national bank, who are free to refuse all arrangement, but on their own terms, and the public not free, on such refusal, to employ any other bank" –Thomas Jefferson.Basically, the existing banks will fight over gaining favor with the central bank - rather than improving their performance relative to a free market.
The profit margins associated with collusion would obviously outweigh the potential profits gained from legitimate business.
The Second Bank of the United States was passed five years after the first bank's charter expired. An early enemy of central banking, President James Madison, was looking for a way to stabilize the currency in 1816. This bank was also quite temporary - it would only stay in operation until 1833 when President Andrew Jackson would end federal deposits at the institution.
The charter expired in 1836 and the private corporation was bankrupt and liquidated by 1841.While the South had been the major opponent of central banking systems, the end of the Civil War allowed for (and also made necessary) the system of national banks that would dominate the next fifty years.
The Office of the Comptroller of the Currency (OCC) says that this post-war period of a unified national currency and system of national banks "worked well." [3] Taxes on state banks were imposed to encourage people to use the national banks - but liquidity problems persisted as the money supply did not match the economic cycles.
Overall, the American economy continued to grow faster than Europe, but the period did not bring economic stability by any stretch of the imagination. Several panics and runs on the bank - and it became a fact of life under this system of competing nationalized banks. In 1873, 1893, 1901, and 1907 significant panics caused a series of bank failures.
The new system wasn't stable at all, in fact, many suspected it was wrought with fraud and manipulation.
The Federal Reserve Bank of Minneapolis is not shy about attributing the causes of the Panic of 1907 to financial manipulation from the existing banking establishment.
"If Knickerbocker Trust would falter, then Congress and the public would lose faith in all trust companies and banks would stand to gain, the bankers reasoned."
In timing with natural economic cycles, major banks including J.P. Morgan and Chase launched an all-out assault on Heinze's Knickerbocker Trust.
Financial institutions on the inside started silently selling off assets in the competitor, and headlines about a few bad loans started making top spots in the newspapers.
The run on Knickerbocker turned into a general panic - and the Federal Government would come to the rescue of its privately owned "National Banks.
"During the Panic of 1907, "Depositors 'run' on the Knickerbocker Bank. J.P. Morgan and James Stillman of First National City Bank (Citibank) act as a "central bank," providing liquidity ... [to stop the bank run] President Theodore Roosevelt provides Morgan with $25 million in government funds ... to control the panic. Morgan, acting as a one-man central bank, decides which firms will fail and which firms will survive."
How did JP Morgan get so powerful that the government would provide them with funding to increase their power? They had key influence with positions inside the Administrations.
They had senators, congressmen, lobbyists, media moguls all working for them.
In 1886, a group of millionaires purchased Jekyll Island and converted it into a winter retreat and hunting ground, the USA's most exclusive club. By 1900, the club's roster represented 1/6th of the world's wealth. Names like Astor, Vanderbilt, Morgan, Pulitzer and Gould filled the club's register. Non- members, regardless of stature, were not allowed. Dignitaries like Winston Churchill and President McKinley were refused admission.
In 1908, the year after a national money panic purportedly created by J. P. Morgan, Congress established, in 1908, a National Monetary Authority. In 1910 another, more secretive, group was formed consisting of the chiefs of major corporations and banks in this country. The group left secretly by rail from Hoboken, New Jersey, and traveled anonymously to the hunting lodge on Jekyll Island.
In fact, the Clubhouse/hotel on the island has two conference rooms named for the "Federal Reserve." The meeting was so secret that none referred to the other by his last name. Why the need for secrecy?
Frank Vanderlip wrote later in the Saturday Evening Post,
"...it would have been fatal to Senator Aldrich's plan to have it known that he was calling on anybody from Wall Street to help him in preparing his bill...I do not feel it is any exaggeration to speak of our secret expedition to Jekyll Island as the occasion of the actual conception of what eventually became the Federal Reserve System."
At Jekyll Island, the true draftsman for the Federal Reserve was Paul Warburg. The plan was simple.
The new central bank could not be called a central bank because America did not want one, so it had to be given a deceptive name. Ostensibly, the bank was to be controlled by Congress, but a majority of its members were to be selected by the private banks that would own its stock.
To keep the public from thinking that the Federal Reserve would be controlled from New York, a system of twelve regional banks was designed. Given the concentration of money and credit in New York, the Federal Reserve Bank of New York controlled the system, making the regional concept initially nothing but a ruse.
The board and chairman were to be selected by the President, but in the words of Colonel Edward House, the board would serve such a term as to "put them out of the power of the President."
The power over the creation of money was to be taken from the people and placed in the hands of private bankers who could expand or contract credit as they felt best suited their needs. Why the opposition to a central bank? Americans at the time knew of the destruction to the economy the European central banks had caused to their respective countries and to countries who became their debtors.
They saw the large- scale government deficit spending and debt creation that occurred in Europe. But European financial moguls didn't rest until the New World was within their orbit. In 1902, Paul Warburg, a friend and associate of the Rothschilds and an expert on European central banking, came to this country as a partner in Kuhn, Loeb and Company.
He married the daughter of Solomon Loeb, one of the founders of the firm. The head of Kuhn, Loeb was Jacob Schiff, whose gift of $20 million in gold to the struggling Russian communists in 1917 no doubt saved their revolution. The Fed controls the banking system in the USA, not the Congress nor the people indirectly (as the Constitution dictates). The U.S. central bank strategy is a product of European banking interests.
Government interventionists got their wish in 1913 with the Federal Reserve (and income tax amendment). Just in time, too, because the nation needed a new source of unlimited cash to finance both sides of WW1 and eventually our own entry to the war.
After the war, with both sides owing us debt through the federal reserve backed banks, the center of finance moved from London to New York. But did the Federal Reserve reign in the money trusts and interlocking directorates? Not by a long shot. If anything, the Federal Reserve granted new powers to the National Banks by permitting overseas branches and new types of banking services.
The greatest gift to the bankers, was a virtually unlimited supply of loans when they experience liquidity problems.
From the early 1920s to 1929, the monetary supply expanded at a rapid pace and the nation experienced wild economic growth. Curiously, however, the number of banks started to decline for the first time in American history. Toward the end of the period, speculation and loose money had propelled asset and equity prices to unreal levels.
The stock market crashed, and as the banks struggled with liquidity problems, the Federal Reserve actually cut the money supply. Without a doubt, this is the greatest financial panic and economic collapse in American history - and it never could have happened on this scale without the Fed's intervention.
The number of banks crashed and a few of the old robber barons' banks managed to swoop in and grab up thousands of competitors for pennies on the dollar.
See:
America - From Freedom to Fascism The Money Masters Monopoly Men (below video):
VID
submitted by CuteBananaMuffin to conspiracy [link] [comments]

[ECON] 2022 People's Bank of China Statement

Press Conference with the Governor of the People's Bank of China 任中国人民银行行长 Yi Gang 易纲 on current monetary and regulatory matters in the People's Republic of China for the year 2022
Dear Ladies and Gentlemen
The People's Bank of China (PBOC) is gladdened to announce that the efforts made by the Bank to consolidate financial markets and reign in unproductive credit and the misappropriation in debt lending are seeing bountiful returns. For the 2022 year forecast, we are thus heartened to state that the economy has exponentially preformed to bring growth above 7 percent, beating negative analysis on efforts on the PBOC and government's meaningful reforms to address core structural issues that have threatened the Chinese and global economy.
While we have identified specific measures in relation to consumer demand and business growth, in conjunction with the improving regulatory framework, we foresee promising inflationary movement and are pleased to see an adaptive labour market take hold in overall trends for key benchmarks.
In regards to the current developments in the Banks's stimulus efforts, we shall maintain the current level of market guidance and capital assistance. While we continue this approach, we are constantly assessing the Mainland's capital markets liquidity and should concerns be spotted that identify general overheating, the PBOC is ready to address those concerns and enforce targeted measures.
Now, onto the main elements of the year's statement: the current status on the internationalisation of the Renminbi and policy responses to optimise a favourable environment as well as new guidelines on capital market
The following discussion shall be complimented with the following handout:

The Renminbi - The People's Currency, and Soon the World's?

The Continued Dollar Dominance
Chinese Efforts to Open Up the Renminbi - An Uneven Effort
Making The Cross Across the Riverbed Towards A More Global Renminbi
The PBOC has issued the following in its Guiding Measures to the Chinese Mainland and SAR financial markets:
This new rule will further buoy the offshore Renminbi (“Dim Sum”) bond market and accelerate the pace of Renminbi internationalisation.
submitted by Relativity_One to GlobalPowers [link] [comments]

Dive Bar Pub Crawl 2018 - Third Six

I'm doing a tribute to the 24 days of Christmas by going over the financial statements of 24 companies that are considered downrange, speculative, and just plain high risk.
The legal cannabis industry already has a ton of risk in it - but this stuff - is only for thrill seekers. All opinions are my own, and certainly not a recommendation for or against any of them, or to buy or sell.
I've limited myself to 45mins to each, and kept to most recent financial statements You'll likely know more about the company than me if you're following them. This is only my reactions with a brief commentary about what I see in their financial statements.
I haven't been consistent in following them all over the past year: some I have, others not.
The second one of this year.....is here
CMM - Canabo Medical Inc.
Scratched! Guess there’s another slot open for a Dive in this year’s Crawl! I did take a run at Aleafia’s financials a few weeks ago though. Their ‘merger’ with Emblem hadn’t yet been announced. Alefia ‘Just Said No’ to cultivation by the looks of it. Best choice for them, at least on the face of it.
ISOL - Isodiol International
Price Then: $11.50 Price Now: $1.71
Well then. International operations do attract cost (their G&A is bracing), as does business dev. Especially in Brazil. When a company with a net book value of $2.7MM costs $36MM (takes me back to Canopy buying 2 money losing greenhouses with a net book value of $6MM for $86MM at the time).
ISOL’s still shopping too. Round Mountain looks like ISOL tossed them a life preserver. One will have to trust mgmt as to quality/fit of underlying assets. I didn’t detail, it’s only a half million, they bought it for what looks like working capital, I assume it saved them from insolvency.
A pretty sweeping and broad horizon is presented by these statements - in a company looking internationally. They’ve got a clean professional presence (I’ve seen them at pretty much every trade show I’ve attended), yet, $12MM in op costs per quarter based on $8MM in sales for same….sheesh.
Margin relatively static as well. That needs to improve, and sales need to triple+ to support ops. They lost $6MM per quarter this year, sales modestly up Q over Q.
IMH - Invictus MD
Price Then: $1.40 Price Now: $0.81
Few things here. While I don’t get the warm and fuzzies from this (what the elves are taking these days apparently does give you that & they swear by it), it looks better than it did last year. I have concerns over sales, margins, and the assets in subs. Wrote one off this year. Only 9 months to find out it’s a mutt? Honestly, this company requires far (far) more time to get a handle on. Will do on website. Needs a full once over to be fair.
MDM - Marapharm Ventures (now: LIHT CANNABIS)
Price Then: $0.92 Price Now: $0.17
Sigh. Another that needs more time. Where is Quadron when you need them?
Nothing stand out - at least in terms of company differentiation or size. Boring. And leveraged. The Full Spectrum thingy hits their financials like landing an 8 ft fish in a 7 ft boat. I’d need to deconstruct that ‘asset’ to get any strong utility out of this. I’d really want to have a handle on it - and management - if I was to go anywhere near this outfit. Doesn’t look unfairly priced. Unless you ask the people who placed at $0.865, $0.70, and $0.50 during the year.
Ugliest thing I see is them issuing shares for $0.38 and $0.04 to retire debts, when the share price was $0.80 and $0.40 respectively. If I was one of those in the private placements, I’d be coming out of my shoes on that (Note 14). Even if it was only $40k. Speaks to quiet desperation at one point.
Whether there’s a viable business in here….tune in next time for another episode of ‘Dive Bar Pub Crawl’. As I see it….this would take far too much time for the level of interest I have in it. Unless Full Spectrum is a home run…..
ATT - Abattis Biocuetical Corp.
Price Then: $0.48 Price Now: $0.08
Man, what a difference a year makes. I’ve largely avoided looking over last years’ Crawl as reference, except to skim for major points. This one remains clear in my memory…it looked like a complete mutt then. Only thing they looked good at was producing press releases. They’re still kicking, as is the rate of news releases/month. They have begun paying a formal IR front end, so maybe this will slow down. Or perhaps speed up. Can’t tell. Ah well, latest fins I can find are somewhat old (Sept release. Amended too :( ). New ones should be due pretty quick.
Gonna stop there. I’ve got a stitch in my side, and a headache. If I ever get my hands on the mug who suggested this one….the elves heads are collectively a ‘bag of cats’, and the little buggers staged a walkout. They’re outside singing Woody Guthrie songs and burning pallets. This totally sucks. As does Abattis’ financials.
They offer low friction on tokens perhaps, but any cash put toward this thing will probably have the friction of a canvas bag re-entering the atmosphere. Poof. My personal choice for ‘Dive Bar of the Year’. Curiously, it’s not an easy title to take.
IN - Inmed Pharmacuetical
Price Then: $1.47 Price Now: $0.37
TGIF - Friday Night Inc.
Price Then: $1.20 Price Now: $0.37
I looked at these guys as recently as July. I also met up with them at MJBizCon in Vegas. I asked for a look at their facility….they never did get back to me. I won a laptop bag and some nice swag at the booth on a business card ‘draw’, it didn’t help getting a tour tho. I really wanted to see it…the financials got me curious in last year’s Crawl, and I strongly get the sense I’m missing something of note in them. Seems an incomplete story tbh. Maybe just some mild indigestion.
And….for a region notorious for $70 eights in top shelf, I was also curious why they were recording sub $5 revenue on grams. Got the annuals now….
There’s a reason price softening is lower in this one compared to others - at least they are in production & they have a product suite (at least in their booth at MJBizCon). No retail frontage (?) would explain the shitty sales price. I have somewhat of a soft spot for Canadian business, and I’d hope that relatively early movers would be seeing this start to ramp.
As my trip to the US revealed - the US is a hyper-competitive compartmentalized environment. I do believe vertical integration is requisite for a company with this breadth and spend.
Gonna sit in on the next call on these guys, and try and get a (the) story. Looks like false starts in build out, and challenges ramping. Sales are growing. They don’t look to be peddling a ’take me out’ story or stance…but….I have blind spots on this one.
Because of Abattis, the elves are now wearing balaclavas and carrying home-made gas masks. Told me they are going for a stroll. I gave the RCMP a heads up. Gotta keep up good community relations and all.
submitted by mollytime to TheCannalysts [link] [comments]

THE LION KING ARRIVING

THE LION KING ARRIVING
The Lion King is a 2019 American photorealistic computer-animated musical drama film directed and produced by Jon Favreau, with a screenplay written by Jeff Nathanson, and produced by Walt Disney Pictures. It's a photorealistic computer-animated remake of Disney's traditionally animated 1994 film of the same name. The movie stars the voices of Donald Glover, Seth Rogen, Chiwetel Ejiofor, Alfre Woodard, Billy Eichner, John Kani, John Oliver and Beyoncé Knowles-Carter, in addition to James Earl Jones reprising his authentic position as Mufasa.

https://preview.redd.it/egn6js7pgga31.jpg?width=2000&format=pjpg&auto=webp&s=95de0dc3a49272a75fa9a52df48f44cb714191ff
Plans for a remake of The Lion King have been confirmed in September 2016 following the success of the studio's The Jungle Book, additionally directed by Favreau. A lot of the principle forged signed in early 2017 and principal production started in mid-2017 on a blue screen stage in Los Angeles.
The movie is scheduled to be theatrically launched in America on July 19, 2019. It obtained blended evaluations, with the reward for its visible results and vocal performances, whereas receiving criticism for being extremely spinoff of the unique and the dearth of emoting within the animated lion characters relative to the unique.
Disney’s upcoming movie journeys to the African savanna the place a future king is born. Simba idolizes his father, King Mufasa, and takes to coronary heart his personal royal future. However, not everybody within the kingdom celebrates the brand new cub’s arrival. Scar, Mufasa’s brother—and former inheritor to the throne—has plans of his personal. The battle for Satisfaction Rock is ravaged with betrayal, tragedy and drama, finally leading to Simba’s exile. With an assist from a curious pair of newfound pals, Simba must determine to find out how to develop up and take again what's rightfully his.
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Voice forged

Foremost article: List of The Lion King characters
  • Donald Glover as Simba: A lion who's the crown prince of the Satisfaction Lands. Glover mentioned that the movie will focus extra on Simba's time rising up than the unique movie did, stating that "[Favreau] was very eager in ensuring we noticed [Simba's] transition from boy to man and the way laborious that maybe when there's been a deep trauma".[5]
    • JD McCrary as younger Simba.

https://preview.redd.it/55z18xhsgga31.jpg?width=480&format=pjpg&auto=webp&s=ef79d959d87a86c000d24b50539e631a9ea47956
  • Seth Rogen as Pumbaa: A slow-witted common warthog who befriends and adopts a younger Simba after he runs away from dwelling. Rogen mentioned, "[a]s an actor, I [...] do not suppose I am proper for each position — there are numerous roles I do not suppose I am proper for even in motion pictures I am making — however, Pumbaa was one I knew I may do properly".[6]
  • Chiwetel Ejiofor as Scar: The treacherous brother of Mufasa and the uncle of Simba who seeks to take the mantle of king of the Satisfaction Lands. Ejiofor described Scar as extra "psychologically possessed" and "brutalized" than within the authentic movie.[6] Ejiofor mentioned that "particularly with Scar, whether or not it is a vocal high quality that permits for a sure confidence or a sure aggression, to at all times know that on the finish of it you are enjoying someone who has the capability to show everything on its head in a break up second with outrageous acts of violence – that may fully change the temperature of a scene".[6] Ejiofor additionally mentioned that "[Scar and Mufasa's] relationship is totally destroyed and brutalized by Scar's mindset. He is possessed with this illness of his personal ego and his personal need".[5] Favreau mentioned of casting Ejiofor, "[He] is only an incredible actor, who brings us a little bit of the mid-Atlantic cadence and a brand new tackle the character. He brings that feeling of a Shakespearean villain to bear due to his background as an actor. It is great when you have got someone as skilled and seasoned as Chiwetel; he simply breathes such great life into this character.

https://preview.redd.it/xik5ye7vgga31.png?width=756&format=png&auto=webp&s=ed6380f8ce8070d9de0b3e7190758b14152bc36b
  • Alfre Woodard as Sarabi: The Queen of the Satisfaction Lands, Mufasa's mate, and Simba's mom.
  • Billy Eichner as Timon: A wise-cracking meerkat who befriends and adopts a younger Simba after he runs away from dwelling.
  • John Kani as Rafiki: A smart mandrill who serves because of the shaman of the Satisfaction Lands and an in-depth buddy of Mufasa's.[7] Likening his position to that of a grandfather, Kani mentioned, "Rafiki reminds all of us of that particular smart relative. His knowledge, humour and his loyalty to the Mufasa dynasty is what warms our hearts in direction of him. [He's] at all times blissful and wisecracking jokes as classes of life and survival.
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  • John Oliver as Zazu: A red-billed hornbill who's the majordomo to the King of the Satisfaction Lands. Talking of his position, Oliver mentioned, "I believe Zazu is mainly a fowl who likes construction. He simply desires issues to be as they need to be. I believe there are British echoes there as a result of we are inclined to favour construction in lieu of getting an emotional response to something."[1]
  • Beyoncé Knowles-Carter as Nala: Simba's childhood greatest buddy and future love curiosity. In accordance with Favreau, the character has a much bigger position than within the authentic movie.[8]Favreau felt that "a part of [Beyoncé joining the film] is that she's bought younger children, a part of it's that it is a story that feels good for this part of her life and her profession, and he or she actually likes the unique very a lot. After which, after all, there are these great musical numbers that she could be concerned with, and my God... she actually lives as much as her fame so far as the fantastic thing about her voice and expertise".

https://preview.redd.it/whc87s3fhga31.jpg?width=1200&format=pjpg&auto=webp&s=01346be25f62e54b16b9a395a733e98dd4af4a48
  • Shahadi Wright Joseph as younger Nala. Joseph reprises her position from the Broadway production.[10] Joseph selected to work on the movie as a result of "Nala conjures up little ladies [...] She's an excellent position mannequin".
  • James Earl Jones as Mufasa: The King of the Satisfaction Lands and the daddy of Simba. Jones reprises his position from the unique 1994 animated movie. In accordance with Favreau, Jones' strains stay principally the identical from the unique movie.[6] Ejiofor mentioned that "the consolation of [Jones reprising his role] goes to be very rewarding in taking [the audience] on this journey once more. It is a once-in-a-generation vocal high quality". Favreau noticed Jones' return as "carrying the legacy throughout" the unique movie and the remake, and felt that his voice's change in tonality in comparison with the unique movie "served the position properly as a result of he feels like a king who's nominated for a very long time".
Florence Kasumba, Keegan-Michael Key, and Eric Andre voice Shenzi, Kamari, and Azizi, three spotted hyenas who're Scar's henchmen. Whereas Shenzi is a personality that was featured within the authentic 1994 animated movie, Kamari and Azizi are the respective renames of Banzai and Ed from the unique movie. The hyenas' characterizations have been closely altered from the unique movie's, as Favreau felt that they "needed to change so much" to suit the remake's reasonable fashion, stating that "[a] lot of the stuff around them [in the original film] was very stylised".[13]Kasumba elaborated, declaring that "These hyenas have been humorous. These hyenas are harmful.
Moreover, Penny Johnson Jerald voices Sarafina, Nala's mom.[1] Amy Sedaris, Chance the Rapper and Josh McCrary voice a guinea fowl, a bush baby, and an elephant shrew, respectively, Timon and Pumbaa's neighbours within the jungle.[1][14] Phil LaMarr voices an impala, whereas J. Lee voices a hyena.

Manufacturing

Growth

On September 28, 2016, Walt Disney Pictures confirmed that Jon Favreau can be directing a remake of the 1994 animated movie The Lion King, which might characteristic the songs from the 1994 movie, following a string of latest field workplace successes on the opposite Disney live-action remake movies comparable to Maleficent), Cinderella), Favreau's The Jungle Book) and Beauty and the Beast), with the latter three additionally incomes important reward.[15]#citenote-15) On October 13, 2016, it was reported that Disney had employed Jeff Nathanson to write down the screenplay for the remake,[[16]](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-16) with the story written by Brenda Chapman, who was the unique movie's head of story.[[17]](https://en.wikipedia.org/wiki/The_Lion_King(2019_film)#cite_note-LionKingEverythingKnow-17)
In November, speaking with ComingSoon.net, Favreau mentioned the digital cinematography expertise he utilized in The Jungle Ebook can be used to a larger diploma in The Lion King.[18]#citenote-18) Though the media reported The Lion King to be a live-action movie, it really makes use of photorealistic computer-generated animation. Disney additionally didn't describe it as live-action, solely stating it could comply with the "technologically groundbreaking" strategy of The Jungle Ebook.[[19]](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-19) Whereas the movie acts as a remake of the 1994 animated movie, Favreau was impressed by the Broadway adaptation) of the movie for certain points of the remake's plot, notably Nala and Sarabi's roles.[[20]](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-20) Favreau additionally aimed to develop his personal tackle the unique movie's story with what he mentioned was "the spectacle of a BBC wildlife documentary".[[21]](https://en.wikipedia.org/wiki/The_Lion_King(2019_film)#cite_note-FavreauVideoGame-21)
This serves as the ultimate credit score for movie editor Mark Livolsi, who died in September 2018.[22]#citenote-22) The movie is devoted to him.[[1]](https://en.wikipedia.org/wiki/The_Lion_King(2019_film)#cite_note-PressKit-1)

Casting

In mid-February 2017, Donald Glover was forged as Simba, with James Earl Jones reprising his position as Mufasa from the 1994 movie.[23]#citenote-23) In April 2017, Billy Eichner and Seth Rogen have been forged to play Timon and Pumbaa respectively.[[24]](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-24) In July 2017, John Oliver was forged as Zazu.[[25]](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-OliverCast-25) In August 2017, Alfre Woodard and John Kani have been introduced to play Sarabi and Rafiki), respectively.[[26]](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-26)[[27]](https://en.wikipedia.org/wiki/The_Lion_King(2019_film)#cite_note-27)
Earlier in March 2017, it was introduced that Beyoncé was Favreau's best choice for the position of Nala) and that the director and studio can be keen to do no matter it took to accommodate her busy schedule.[28]#citenote-28) In a while November 1, 2017, her position was confirmed in an official announcement,[[29]](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-29)[[30]](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-30) which additionally confirmed that Chiwetel Ejiofor would play the position of Scar), and introduced that Eric Andre, Florence Kasumba, and Keegan-Michael Key would be the voices of Azizi, Shenzi and Kamari whereas JD McCrary and Shahadi Wright Joseph would be the voices of younger Simba and younger Nala, respectively.[[31]](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-31)[[32]](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-32)[[33]](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-33)[[34]](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-34)[[35]](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-35) In November 2018, Amy Sedaris was introduced as having been forged in a task created for the movie.[[36]](https://en.wikipedia.org/wiki/The_Lion_King(2019_film)#cite_note-36)

https://preview.redd.it/z07sy0ajhga31.jpg?width=700&format=pjpg&auto=webp&s=408b58a2cc2475200dcb12819ecae96bfb73b880

Visible results

The Moving Picture Company, the lead vendor on The Jungle Ebook, will present the visible results and so they'll be supervised by Robert Legato, Elliot Newman and Adam Valdez.[37]#citenote-37) The movie will make the most of "virtual-reality instruments", per Visible Results Supervisor Rob Legato.[[38]](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-LionKingD23-38) Digital Manufacturing Supervisor Girish Balakrishnan mentioned on his skilled web site that the filmmakers used motion capture and VR/applied sciences,[[39]](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-:1-39) with the manufacturing crew combining VR expertise with cameras so as to movie the remake in a VR-simulated environment.[[21]](https://en.wikipedia.org/wiki/The_Lion_King(2019_film)#cite_note-FavreauVideoGame-21) Sean Bailey, Disney's President of Manufacturing, referred to as the movie's visible results "a brand new type of filmmaking", and felt that "Historic definitions do not work", stating that "[it] makes use of some methods that will historically be referred to as animation, and different methods that will historically be referred to as live-action. It's an evolution of the expertise Jon [Favreau] utilized in Jungle Ebook".
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Music

Foremost article: The Lion King (2019 soundtrack))
Hans Zimmer, who composed the 1994 animated model, would return to compose the rating for the remake.[41]#citenote-41) Elton John additionally returned to transform his musical compositions from the unique movie earlier than his retirement,[[42]](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-42) with Beyoncé aiding John within the remodelling of the soundtrack.[[43]](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-43) John, the unique movie's lyricist, Tim Rice, and Beyoncé additionally created a brand new track for the movie,[[44]](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-44) titled "Spirit)" and carried out by Beyoncé, which was launched on July 9, 2019, because of the lead single from the soundtrack.[[45]](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-TheGift-45) John and Rice additionally wrote a brand new track for the movie's finish credit, titled "By no means Too Late" and carried out by John.[[46]](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-Soundtrack-46) The movie additionally options all of the songs from the unique movie, a canopy of The Token's "The Lion Sleeps Tonight", and the track "He Lives in You" from Rhythm of the Satisfaction Lands and the Broadway manufacturing.[[46]](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-Soundtrack-46)The soundtrack, that includes Zimmer's rating and John and Rice's songs, was launched digitally on July 11, 2019, and will likely be bodily on July 19, 2019.[[46]](https://en.wikipedia.org/wiki/The_Lion_King(2019_film)#cite_note-Soundtrack-46)
Beyoncé additionally produced and curated an album titled The Lion King: The Gift, which can characteristic "Spirit", in addition to songs impressed by the movie. The album is about to be launched on July 19, 2019.[45]#cite_note-TheGift-45)

Advertising

The primary teaser trailer and the official teaser poster for The Lion King debuted throughout the annual Dallas Cowboys' Thanksgiving day came on November 22, 2018.[47]#citenote-EWTeaser-47)[[48]](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-VarietyTeaser-48) The trailer was seen 224.6 million occasions in its first 24 hours, turning into the then 2nd most viewed trailer in that time period.[[49]](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-TrailerViews-49) A particular sneak peek that includes John Kani's voice as Rafiki) and a brand new poster have been launched in the course of the 91st Academy Awards on February 24, 2019.[[50]](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-50) On April 10, 2019, Disney launched the official trailer that includes new footage which revealed Scar), Zazu, Simba and Nala) (each as cubs and as adults), Sarabi, Rafiki), Timon and Pumbaa and the hyenas.[[51]](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-51) The trailer was seen 174 million occasions in its first 24 hours, which was revealed on Disney's Investor Day 2019 Webcast.[[52]](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-52) On Could 30, 2019, 11 particular person character posters have been launched.[[53]](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-53) A particular sneak peek that includes Beyoncé, Billy Eichner, and Seth Rogen's voices as Nala), Timon, and Puma respectively, was launched on June 3, 2019.[[54]](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-54) A particular sneak peek that includes Beyoncé and Donald Glover's voices as Simba and Nana singing) "Can You Feel the Love Tonight" and in addition that includes James Earl Jones' voice as Mufasa, was launched on June 20, 2019.[[55]](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-55) On July 2, 2019, Disney launched an intensive behind-the-scenes featurette detailing the varied points of the movie's manufacturing together with seven publicity stills that include the voice actors going through their animal counterparts.[[56]](https://en.wikipedia.org/wiki/The_Lion_King(2019_film)#cite_note-56)

Shot-for-shot declare

The trailers of the movie led to a declaration of its being a shot-for-shot remake of Disney's 1994 movie. On December 23, 2018, Sean Bailey, Disney's President of Manufacturing, mentioned that whereas the movie will "revere and love these elements that the viewers desires", there will likely be "issues within the film which might be going to be new".[40]#citenote-ScreenRant-40) On April 18, 2019, Favreau acknowledged that "some photographs within the 1994 animated movie are so iconic" he could not presumably change them, however "regardless of what the trailers counsel, this movie isn't just the identical film over once more",[[57]](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-57) and later mentioned "it is for much longer than the unique movie. And a part of what we're doing right here is to (give it extra dimension) not simply visually however each story smart and emotionally."[[58]](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-58) On Could 30, 2019, Favreau mentioned that a number of the humour and characterizations are being altered to be extra according to the remainder of the movie,[[59]](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-59) and this remake is making some adjustments in sure scenes from the unique movie, in addition to in its construction.[[21]](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-FavreauVideoGame-21)On June 14, 2019, Favreau mentioned that, whereas the unique movie's fundamental plot factors will stay unchanged within the remake, the movie will largely diverge from the unique model, and hinted that the Elephant Graveyard, the hyenas' lair within the authentic movie, will likely be changed by a brand new location.[[13]](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-DirectorHyenas-13) On July 5, 2019, the movie was revealed to have a 118 minutes period, making it roughly 30 minutes longer than the unique movie.[[60]](https://en.wikipedia.org/wiki/The_Lion_King(2019_film)#cite_note-60)

Launch

The Lion King premiered in Hollywood on July 9, 2019.[61]#citenote-61) The movie is scheduled to be theatrically launched in America on July 19, 2019.[[62]](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-62) It will likely be one of many first theatrical movies to be launched on Disney+, alongside Aladdin), Toy Story 4, Frozen 2, Captain Marvel), and Avengers: Endgame.[[63]](https://en.wikipedia.org/wiki/The_Lion_King(2019_film)#cite_note-63)
The movie started its worldwide rollout per week earlier than its home launch, beginning with July 12 in China.[64]#cite_note-ChinaPreview-64)

Reception

Field workplace

Starting on June 24, 2019 (which marked the 25th anniversary of the discharge of the unique movie), in its first 24 hours of pre-sales, The Lion King grew to become the second-best pre-seller of 2019 on Fandango) in that body (behind Avengers: Endgame), whereas Atom Tickets reported it gave their best-ever first-day gross sales for a household movie.[65]#citenote-Presales_record-65) Three weeks previous to its launch, business monitoring projected the movie would gross $150–170 million in its home opening weekend.[[66]](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-66)[[67]](https://en.wikipedia.org/wiki/The_Lion_King(2019_film)#cite_note-67)
In China, the place it launched per week previous to the U.S., the movie was projected to debut to $50–60 million.[64]#citenote-ChinaPreview-64) It ended up opening to $54.7 million, beating the debuts of The Jungle Ebook and Magnificence and the Beast.[[68]](https://en.wikipedia.org/wiki/The_Lion_King(2019_film)#cite_note-68)

https://preview.redd.it/5xzol8ylhga31.jpg?width=700&format=pjpg&auto=webp&s=4a3aedd277ee3550808bfb314624587b23ed71b2

Vital response

On review aggregator web site Rotten Tomatoes, the movie holds an approval ranking of 59% based mostly on 123 evaluations, and an average rating of 6.45/10. The web site's important consensus reads, "Although it may take satisfaction in its visible achievements, this reimagined The Lion King is a by the numbers retelling that lacks the power and coronary heart that made the unique so beloved – although for some followers that will simply be sufficient."[69]#citenote-69) Metacritic gave the movie a weighted common rating of 57 out of 100 based mostly on 38 critics, indicating "blended or common evaluations".[[70]](https://en.wikipedia.org/wiki/The_Lion_King(2019_film)#cite_note-70)
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✪✪✪✪✪ FOREX IN WORLD ✪✪✪✪✪

_______________________________________________________________
Kenneth Turan on the Los Angeles Times referred to like the movie "polished, satisfying leisure."[71]#citenote-71) Todd McCarthy at The Hollywood Reporter thought-about it to be inferior to the unique, noting, "The movie's aesthetic warning and predictability start to put on down on your entire enterprise within the second half."[[72]](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-72) At The Guardian, Peter Bradshaw discovered the movie "watchable and pleasing. However, I missed the simplicity and vividness of the unique hand-drawn pictures."[[73]](https://en.wikipedia.org/wiki/The_Lion_King(2019_film)#cite_note-73)
A. A. Dowd, writing for The A.V. Club, summarized the movie as "Joyless, artless, and perhaps soulless, it transforms some of the putting titles from the Mouse Home vault into a really costly, star-studded Disneynature movie." Dowd bemoaned the movie's insistence on realism, commenting, "We're watching a hole bastardization of a blockbuster, without delay fully reliant on the viewers' pre-established affection for its predecessor and unusually decided to jettison a lot of what made it particular."[74]#citenote-74) Scott Mendelson at Forces condemned the movie as a "crushing disappointment": "At nearly each flip, this redo undercuts its personal melodrama by downplaying its personal feelings."[[75]](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-75) David Ehrlich of IndieWire panned the movie, writing, "Unfolding just like the world's longest and least convincing deep fake, Jon Favreau's (nearly) photorealistic remake of The Lion King is supposed to characterize the following step in Disney's circle of life. As an alternative, this soulless chimera of a movie comes off as little greater than a glorified tech demo from a grasping conglomerate — a well-rendered however creatively bankrupt self-portrait of a film studio consuming its personal tail."[[76]](https://en.wikipedia.org/wiki/The_Lion_King(2019_film)#cite_note-76)
submitted by Red-its to worldAds [link] [comments]

In case you missed it: HSBC trader found guilty of front running the spot fx market. Detailed court charts provide insight into how bank money moves markets and including actual position size/duration information.

One of the things that surprises many newbies to the forex world is that some forms of insider trading aren't illegal. Front running is the practice of taking a position with the knowledge that there is a large order coming through behind you to push the market in your favour, and it's been generally accepted that this is just the way of things in the spot market, even if it's been outlawed in futures and equities.
However, a recent landmark case means that this may no longer be the case.
Former HSBC Holdings Plc currency trader Mark Johnson was found guilty of fraud for front-running a $3.5 billion client order, a victory for U.S. prosecutors as they seek to root out misconduct in global financial markets.
He was convicted on Monday on nine of 10 fraud and conspiracy counts after a month-long trial in Brooklyn, New York.
(https://www.bloomberg.com/news/articles/2017-10-23/ex-hsbc-currency-trader-is-convicted-of-fraud-for-front-running)
It is hard to know exactly what impact this will have on the markets, given that many traders will look at this case and note that: a) there was fall out because the HSBC desk execution acted against the interest of their client, rather than the front running per se b) there was active conspiracy with other traders c) the run was into the fix, rather than less watched times of the day.
I haven't read the case details though, so perhaps there is actual specificity against the practice. Systemic risk averse (not the same as market risk aversion) institutions may be less willing to engage in the practice, and certainly it seems to continue the push towards removing the human element altogether.
-- // --
What's even more interesting for spot traders who can't front run, is the detailed look behind the scenes that the case gives us, as it clearly outlines the actual events in the real world that translate into price movement.
Timeline of events
1) Cairn Energy PLC, an oil and gas company begin talks to sell a 51.8% share of their Cairn India subsidiary in late 2010 for $8.7 billion
2) Approval from the Indian government doesn't come through until September 2011
3) Cairn Energy place an order with HSBC to convert 3.5 billion dollars from the asset sale to pounds in December 2011
4) HSBC desk traders accumulate GBPUSD longs in anticipation of the big order
5) The desk trader responsible for putting through the 3.5 billion trade 'ramps' the order through just before the fix, all traders then close out positions.
References: https://en.wikipedia.org/wiki/Cairn_Energy https://www.law360.com/articles/972069/expert-tells-of-hsbc-trading-frenzy-around-3-5b-forex-deal https://www.bloomberg.com/news/articles/2017-10-05/ex-hsbc-trader-says-boss-ordered-him-to-ramp-up-price-of-pound
-- // --
Now for those of you who are already aware that this sort of activity occurs, this isn't news, just open confirmation of what was assumed to take place.
More fascinating though are the position size and timing information, which give proper insight into market dynamics.
You should read this full article to get the best understanding: https://www.bloomberg.com/news/articles/2017-10-10/in-hsbc-currency-trade-charts-u-s-offers-its-theory-of-a-crime
-- // --
These are the charts in question:
Reuters Buying Market M5 volume chart showing HSBC share
https://i.imgur.com/bXBN2BC.jpg
For all that's said about spot forex having 'no true centralised volume' etc, this is an incredibly telling graphic of just how much a major player can dominate the interbank market and leave a very meaningful and tell-tale spike, even at the fix. Additionally that's 1.6BN notional moved in five minutes.
Prop book position sizes for HSBC London and HSBC NY
https://i.imgur.com/MhRPGWJ.jpg
https://i.imgur.com/krBztbX.jpg
There is a lot of information in these charts if you're willing to dig down into them. You can see the size of individual HSBC bank traders' positions, how much they change them, how long they hold them for, and how quickly they exit them.
It's worth nothing that the increments on the horizontal axis are 6 minutes, meaning the standard position hold length was often only in hours, with size reaching up to $70M for the NY traders.
The London traders had quite different styles, one of them running a frequently adjusting multiple small trades inside their larger position, one of them running a static short for much of the day before flipping to the long as they were alerted to the front-running opportunity.
In addition to liquidating their positions into the $3.5bn client order, many also shorted off the peak, although didn't close out in the given time period.
Actual spot price vs HSBC trader position size
https://i.imgur.com/Qc1Kart.jpg
This is particularly fascinating, because it's rare to see the spot price superimposed over the genuine very high volume buying activity.
Having looked through these charts, it's important to take a step back and think about how it all fits together: corporate activity outside of the market, leading to a major forex order, leading to the constant aggressive buying driving price up over an hour, and then the sharp position exits causing price to peak.
How you would have perceived this depends on your lens to the market. Perhaps it looked to you like a particular candle formation, maybe a test of resistance, maybe a breach of resistance. Perhaps you saw it as a big volume stomp on the DoM. Maybe it was just 'noise' (even though it represented a genuine commercial event). Maybe it formed part of harmonic, or crossed an average, triggered an automated algor entry.
But price doesn't move about for abstract reasons from minute to minute, hour to hour - it's driven by real world events that will never register on your radar, like the Cairn's Indian subsidiary sale, which then manifests when bank traders make decisions with client money and bank prop money on the side.
Whether or not this should factor into your trading depends on a combination of your personality, mental model of the market and your trading style. But new traders should always be very wary of approaches to the market that can not account for the information that can be seen about how the market operates when criminal investigations pull back the curtains.
submitted by alotmorealots to Forex [link] [comments]

OVERCOMING ANALYSIS PARALYSIS IN FOREX TRADING

Analysis paralysis according to Wikipedia is the state of over analyzing (or overthinking) a situation so that a decision or action is never taken, in effect paralyzing the outcome.
Have you ever being in of those scenarios where you see what you believe initially to be a perfectly good trade setup, however as you continue to analyse and study the situation you begin to feel less and less confident about the trade and you are not sure why this happened. I know most traders would have encountered this scenario at some point in their trading journey because I myself have also experienced it.
This is a common scenario for traders and it occurs mostly when the trader has too much congestion in their thinking. With this highly congested thinking which happens as a result of too many detailed options, it leads to the outcome of a choice not being made. Analysis paralysis can happen in trading when the trader is afraid of making any decision that could to lead to a bad trade.
Most traders often over analyse themselves right out of a quality trade setup, and it can be very much problematic, in the sense that it can have severe negative consequences on the traders performance and the traders psychology. Over analysis can also cause a trader to jump out of a perfectly good trade they have already executed. The purpose of this article is to figure out the ways analysis paralysis negatively impacts trading and its solutions.
Too many external influences Have you ever been in a scenario when you woke up in the morning, get yourself ready, turn on your laptop, pull up your trading platform, go through it and spot a very good setup, a setup that defines your edge then you decide to pull up cnbc, Bloomberg etc or you decide to ask your friend. After all you have read and hearing your friends opinion about that setup you realize your mindset has been turned against the setup you were so confident about before you decided to listen to other opinions, then you shut your laptop only for you to turn it back on later to see that the setup is playing out exactly as you initially anticipated it to.
Solution: Making a decision to ignore external influences
The key to ignoring external influences such as the ones discussed above is to be a lone soldier in this psychological battlefield called the forex market. This is something every trader must do because their survival and tendency to arrive at a consistent and successful trading journey depends on it. For this lone ranger status to be attained the trader needs to simply gain the understanding and knowledge that these external influences are only there to hurt them. Once the trader fully believes and accepts this, such trader will no longer care about them and instead focus more on mastering their trading method.
Thinking yourself out of a good trade Most traders including me have been a victim of this scenario when you find a perfectly good setup that meets your edge in the market and instead of pulling the trigger and executing the trade you are just sited in front of your chart paralyzed as a result of over analyzing, and over thinking, looking around at different variables until you convince yourself the trade setup would not work.
Solution: Don’t think so hard about it
This aspect is a little bit complicated because there a lot of reasons traders think themselves out of perfectly good trading setups but the main two are fear and uncertainty. For a trader to become consistent and successful such trader needs to stop being afraid of losing money and the best way to overcome this fear is to accept it. Having it in mind that even the best traders in the world do have losing trades. having this in mind will help you eliminate the fear of losses. Also have it in mind that every trade is just another execution of your trading edge, don’t think too hard when you see a signal that meets your edge instead just pull the trigger by executing the trade and walking away.
Having a clustered chart Analysis paralysis would definitely creep in when it discovers a trader has a clustered chart, when I say a clustered chart I mean when a traders chart is crowded with different indicators like moving averages, stochastic, Bollinger bands etc I am not saying indicators are not good because I myself use a few of them but what I’m saying is that some traders chart can look messy because they have many different indicators on their chart and with trying to analyse all the numerous indicators all at the same would lead to analysis paralysis.
Solution: Decluster your chart
This one is very much straight forward, all the trader needs to do is to decluster their chart by removing all the conflicting indicators from their chart and adopt a straight forward, less conflicting trading method like price action trading.
Not having an edge Analysis paralysis can also creep in when a trader doesn’t have an edge in the market. When a trader doesn’t know what to look out for before pulling the trigger, such trader can be presented with a perfectly good setup and still won’t do anything.
Solution: Get an edge
All a trader in this situation needs to do is to research a trading method that suites his/her own personality, master it, and use it as their own edge in the market
Too little confidence in your ability as a trader Any trader who isn’t confident in their ability to trade would definitely attract analysis paralysis because such trader would always second guess themselves. As a trader you need to be decisive to make money.
Solution: Get proper training and quality screen time
The best solutions to low self confidence when it comes to forex trading are education and quality screen time. So any trader that finds themselves in this situation should get proper education on forex trading and after obtaining education and mastering a trading strategy the trader should simply get quality screen time by practicing their trading system on a demo account or on a live account with small funds, this would do a good job by boosting their confidence as traders.
In conclusion, even the best traders in the world at some point in their lives went through analysis paralysis scenarios. Scenarios where they have over thought and over analysed themselves out of quality setups but at the end of the day they still turned out good. So if you are having this issue carefully read the solutions and set out on your journey of departing from the island of analysis paralysis.
submitted by frankmore to Forex [link] [comments]

Worrying ICOs of Spot Option and IQ Option WARNING

Hi I am glad icocrypto exists because as a crypto trader and a big enthusiast I want to do my part to keep this space clean. I have been observing a worrying trend that I wanted to share my opinion on and alert fellow investors and traders on giving real hard facts that could save us all, collectively, a lot of money and emotional pain. There are some major fraudsters, conmen and scam artists that are soon looking to ICO and not 1 dollar of the crypto currency communities money should be given to them ESPECIALLY after the STOX ICO which later was exposed as a scam. Read here for those who missed it: https://www.reddit.com/Bancocomments/6o34fz/heads_up_for_those_who_intend_to_invest_in_the/
Around 9 months ago I lost a friend. He was around my age and also a consultant to one of my fledgeling businesses in the Quebec region. At first I thought it was some hoax or prank but he had mentioned to me about some personal problems he was going through during our working relationship. Little did I know the situation was far darker and serious than he had led on, otherwise I would have helped. I am talking about Fred Turbide who killed himself in his garage leaving behind a sad and bankrupt family. He was lied to and cheated out of his live savings by an Israeli binary options company called 23Traders. You can read the whole story here none of this is made up https://www.timesofisrael.com/fleeced-by-israeli-binary-options-firm-canadian-man-commits-suicide/
Based on my research 23Traders is a brand of Spot Option, an Israeli company that owns 70 percent of the binary option trading market. The founders of this company known as Pini Peter and Oren Shabat and some guy called Semi Vahap, have been indicted for fraud/money laundering and their subsidiary brands like Banc De Binary (one of the biggest binary option scams that was ejected from USA and shut down). You can read about this in their OWN WIKIPEDIA page: https://en.wikipedia.org/wiki/SpotOption
For those who were taken in by the STOX ICO scam where they swindled around 30 million dollars from crypto investors, you will never see any return on that share again. STOX as the reddit thread i have posted above proves, is basically the same team of ANY OPTION another SPOT OPTION brokerage. ANY OPTION has scammed thousands of clients, been fined repeatedly and was "bought out" yeah right. They rebranded to invest.com and ICO'd a company that has no real traffic, lying about their figures.
Having dabbled in binary options before, I knew it was a fun way to trade where one could make a lot of money but after my broker IQ option (I will talk a little bit more about them later in this post because they are planning to ICO!) decided to lock me out and deny me my wins, that is where i knew I was dealing with a sinister set of people. To my dismay, since I hang out at Forex Peace Army which helps keeps traders like me alert for new scams, I found out that these Isreali binary scam brokers are now looking to ICO so they can pull off a giant scam only this time with THE PUBLIC'S MONEY!. https://www.financemagnates.com/fintech/news/exclusive-spotoption-announces-blockchain-based-trading-via-spotchain/
Spot Option is the first one that is looking to ICO and then I found out today that IQ Option, the company that stole my deposit and regularly stops traders from being awarded their RIGHTFUL gains and wins, is also looking to do an ICO. http://www.financemagnates.com/forex/brokers/iq-option-teases-upcoming-ico-limited-tokens/
Here is the truth about IQ Option: They pay hundreds of people including their employees to write good reviews including affiliates who write fake 5 star reviews. The truth however is very dark you can read it here http://brokerscamalert.com/iq-options-review/
and most importantly, Forex Peace Army which actively hunts down these bucket shops paints a very different reality. You will see in this post that there are hundreds of threads of customer complaints of outright denial of withdrawals, manipulation of price data and even threats issued by this company to clients: http://www.forexpeacearmy.com/community/search/6362854/?q=iqoption&o=relevance Only the problem is you don't find these reviews on page 1 or 2 of google so easily so many people get duped. If you know where to look, you can easily find them and the truth emerges.
Before Spot Option and IQ option type of brokers entered binary options actually it was fun and fair and regulated brokers existed but these firms completely destroyed everything by greed and praying upon the hope of the desperate. Do not fuel their intentions or fall prey to their lies. I have so much evidence if any one has questions I will post more.
Please DO NOT give these scammers any money, they have already swindled millions from poor people around the world and now want to use the "lack of information" in the crypto currency about what really went on in the binary options space to create scarcity value and try and hype up their scam. Please post here your responses. I am not promoting anything here I just don't want these leeches to steal any more money.
-danpirung
submitted by danpirrung to icocrypto [link] [comments]

Bitcoin as Forex market tool ... $ to BTC to € ... $3.2 trillion a day market

Money Traders may prefer holding BTC accounts on their own machines and swap/trade BTC for major currency positions then unwind back into BTC which are housed on their own PC.
The $3.2 trillion a day is a 2007 number also ... but looking at $43 billion in Actual currency swaps / day ... most of the other $3900B is contractual options which would require a trusted 3rd party Clearing House.
wiki FACT
According to the Bank for International Settlements,as of April 2010, average daily turnover in global foreign exchange markets is estimated at $3.98 trillion, a growth of approximately 20% over the $3.21 trillion daily volume as of April 2007. Some firms specializing on foreign exchange market had put the average daily turnover in excess of US$4 trillion.
The $3.98 trillion break-down is as follows: * $1.490 trillion in spot transactions * $475 billion in outright forwards * $1.765 trillion in foreign exchange swaps * $43 billion currency swaps * $207 billion in options and other products
http://en.wikipedia.org/wiki/Foreign_exchange_market
BTC could be the new New Zealand Dollar of Forex ... NZD accounts for 2% of trades but there are only 4 kiwis per 7000 people on the planet.

tldr; FOREX average daily turnover = $4 trillion/day

submitted by xoday to Bitcoin [link] [comments]

[Table] IAmA 20 year old male with sickle cell disease. My life expectancy is 35.

Verified? (This bot cannot verify AMAs just yet)
Date: 2014-06-08
Link to submission (Has self-text)
Questions Answers
Being in the hospital that many times, what makes the biggest difference in your perception of care that you receive? What makes the difference between a good hospital stay and a bad one? The fact that I live in Canada makes my life much easier. I really think I owe my life to free and socialized health care, I can't imagine having to pay for my stays, I'd be either broke or dead.
A good hospital stay is whenever I'm not perceived as a drug seekejunkie. A 20 year old black kid asking for heavy doses of narcotics always triggers an alarm. I've been refused care many times because of this, it sucks but there's not too much I can do about it.
Really now, You still get stigmatized as a junky even when they look at your history? Yup, it really doesn't bother me anymore. I try not to get mad over things I can't control so I just let it slide.
I've been refused care many times because of this. Can you be more specific about how you were refused care? In the US, an ER cannot legally refuse care to a patient for any reason. If it does happen, there are enormous fines and penalties. Not refuse in the literal sense, but they'd refuse to give me any medication to help with my pain.
Before you ask I do hope you mention that you have SCD right? Cause if you didn't tell me you had a disease and wanted narcotics yeah, I'd be hesitant as well.
So does that mean the 70,000 American people who are currently living with sickle cell disease are all broke and dead? Sorry for the dumb question, but by OP's logic that would be the case. Could someone ELI5 why the 70,000 people currently living with sickle cell disease in America aren't all dead or broke? Some people have scd but are rarely hospitalized. Other people such as my self can be hospitalized several times a month.
I try to hold judgement and whatever medications are ordered I will administer without any "are you sure you need that?" Or exasperated sighs but if you have any advice on better care of these people on a one on one nursing basis that would be great! And of course they know when their medication is due and they will ask for it because they NEED it. You'd understand if you knew the amount of pain they experience.
How has this changed your perspective on the world? Are there things you consider now, i.e. The meaning of life, ethical dilemmas, political crisis', etc. more or less important? What would you tell a 19 year old college student is something he should value? Also, what are possibilities of major advancements in the treatment of your disease in the next 15 years? This whole experience has really caused me to mature much faster than most people in my age group. Whenever I think about politics and international conflicts I really lose faith in humanity. There are so many things going on in the world right now that are absolutely futile and destructive towards our advancement as humans. We should be focusing on preserving this beautiful planet we live in instead of depleting it.
What advice would I give a 19 year old? Value your time. At 19 you have your whole life ahead of you and depending on the choices you make that will dictate how your future will turn out to be. Realize the outcome of your life is completely up to you and anything is really possible if you put your time into it.
How does that feel? Knowing that you have a limited life expectancy. Do you think it's fair? Fair? No.
But then again life isn't really fair at all, some people have it better than me and a lot of people have it worst. So I try not too think about it too much.
I might only have 15 years left, but that's enough time to build something that lasts forever.
Have you planned out how you want to live the rest of your life? As in, most people at 20 would look at what career they may want to do etc, but do you want to travel, work, spend time with family etc? I can't even begin to imagine what it must be like with a potential age limit put on your life. I know exactly what I want to do in life. I want to build something that will outlive me and serve other people way after I am gone. I'm a developer right now and make apps/websites for other people and get paid for it. It's amazing because I get paid very well to do something I absolutely love.
It sounds like your meds cost a fair amount, but you also get paid well, so I'm guessing you earn enough to have money left over. If that's true, it seems there is one bright spot in all of this. You don't have to worry about saving for retirement! I would be spending so much more money if I was in your situation. Admittedly, that doesn't mean your situation isn't a lousy one - it is. But, is there something you are going to do/buy, since you don't have to save for retirement?? I do make a decent amount of coin for someone my age. Then again, I don't value money or material goods as someone my age would. None of that really matters to me. I could buy a new car but yet I stick with public transportation.
Do you ever want to get married or have kids? or is that not really an option for you? I have the actual disease, most people only have the trait. However, I know its possible to live up to 50 - 60 even with SCD. My case is a bit different and severe than other people, a lot of family members died before they reached their 40th birthday, my mom being one of them.
Also I read on wikipedia that due to modern medicine people can live up to 70 years with this condition, do you have another form of it that makes your life expectancy 35? I haven't really thought about getting married yet or having kids.
Hey, just one or two quick questions! My grandmother runs a camp for children with cancer and blood related illnesses like sickle cell. Do you have any experiences with a similar camp? If so, do you have any comments or suggestions that could improve the camp experience for these children? Sorry, I've never attended any camps like the one your grandmother runs. I think it's very nice of her to do something like that. Tell her I said thanks.
How does the disease affect you on a daily basis? Are there certain foods /activities that make it better or worse? Alcohol is a huge no for me, which is fine I've never really liked being under the influence anyways. Staying hydrated is a also very important and getting enough sleep too.
Can you smoke weed? Smoke? No. But do I use cannabis? All the time, I have to actually.
It helps absolutely wonders and it's a great alternative to the harmful opiates doctors prescribe me. Cannabis has really helped me out in ways I can't describe, it's a wonderful medicine.
Thanks for the response. Which ways do you consume cannabis? Vaporizing and eating it.
Do you think it would help being implemented into your care during a hospital stay - say, in pill form? And have you brought that up with any docs? Not really, I already get judged enough when I ask for legal medications. Asking for Cannabis is a step I am not willing take.
Do you have a girlfriend? If not are you afraid of not finding love? Love is the least of my worries, haha.
Could you ELI5 how this disease affects you? Biochemically? I'm curious because I've studied it in Biology classes but only along the lines of phenotype diversity. Okay, I am not a doctor and I am horrible at science but I will give it a shot.
Also, do you just have mad anxiety about what you can do? I'm not talking about long term plans, but rather like, "Can I go do something for four hours today without something bad happening?" I produce blood cells that are hydrophobic meaning they don't absorb water as they should. This causes some my RBC to collapse on themselves and adopt a sickle shape. These sickle cells then get clogged in my capillaries, arteries, and veins and interrupt the flow of blood to certain parts in my bodies. When that happens I don't get oxygen to parts of my bodies that should and my brain signals me with pain.
Which people in your life help you the most? Friends and family help me out a lot, also business clients that help me pay the bills and the cost for my medications.
What kind of things do you build/create? Anything from short stories to Android apps and websites for my clients.
If you don't mind me asking, what are your religious beliefs and how do those reflect on your given situation or your shortened life expectancy? Not religious at all. I do believe there is something greater than us, but I do not associate myself with any religions.
What is top of your bucket list? Contribute to developing a cure for the disease.
How'd you feel about your own education, and with that pursuit of a career? I graduated high school but I decided not to pursue college. Instead I spent time learning valuable skills like programming, web development design, graphic design etc...
I make $2,500 - $3,000 every month working from home and everything I needed to learn was available on the internet for free. No crippling debts and no loans. I don't regret my decision not to attend university one bit.
Nice. What languages do you know? English, Arabic, French, and a bit of Spanish.
If you meant programming languages: Java, Javascript, Php, MySQL, Ruby, Python, C#, C++...
Are you taking hydroxyurea? If so, has it helped? If no, why not? I am taking Hydroxyurea, and yes I believe it helps wonders. It works by increasing the production of fetal hemoglobin in your body which are blood cells that don't sickle.
A medical expert would probably be able to explain it a bit better.
It's helped a lot.
Have you participated in clinical trials associated with sickle cell? Would you be interested in doing so? Sure, I'd love to participate in tests/clinical trials. Anything that will advance the medical field and help find a cure I am willing to take part ini it.
Edited to ask: Have you considered gene therapy/transplant? Never considered any sort of transplant. I hear a bone marrow transplant is a feasible option to getting rid of SCD, never really considered or looked into it.
My friend's son has a form of sickle cell and his was eventually cured through chemotherapy and a bone marrow transplant. Would something like that work for you? Is it something you're planning to do eventually? Possibly, but from what I hear it's very risky and there's several complications that come with a transplant.
I had a friend from high school a few years back who has sickle cell, I haven't talked to him in a while. Is the life expectancy generally the same for most people? Also I've never really heard him talk much about hospital visits, could he just have a milder case than you do? It varies a lot. I have a cousin that has SCD but he barely has any crises at all. Then again, I also have another cousin that's been in the hospital for 3 months now because of his SCD.
What has been the single, happiest moment of your life? It's too early to say.
Off topic question relating to your name: Are you also a FOREX Trader? Thanks for doing this AMA it's quite inspiring to see how your dealing with your challenges :) Yep, I was into currency trading a while ago. Anything that allowed me to make money without a job was in my interest at the time.
Forgive my ignorance but is the pain like say one of your extremities falling asleep, where it feels like thousands of piercing needles?? I can't really describe the pain too well. Just imagine someone putting a lot of pressure on a specific part of your body. Like a boulder on your back that keeps getting heavier and heavier by the minute.
What is your favorite type of food? 'Merican food.
What happens if you get a transfusion of regular blood? Increases my hemoglobin but can also lead to an iron overload or something like that. Transfusions aren't that practical for people like me.
Why not take lots of drugs and try to become spiritual as heck with the time you have left? I do experiment with drugs every now and then. I won't overdo it.
Would a bone marrow transplant cure you? It could, but there's a lot of things that could go wrong too.
I'm not sure if this question may be perceived as rude or not, but if there was a cure for Sickle Cell Disease, would you take the cure, and if do, what would you give to have it? I'd definitely take the cure.
Are you african-american ? Would you prefer to live longer and risk getting malaria or live to 35 and be sure to never get malaria ? Malaria isn't exactly my main problem since I'm in Canada.
Last updated: 2014-06-12 16:54 UTC
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[Table] IAmA: I used to work as IT support at the main office of one of the largest oil companies in the world. AMA!

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Date: 2013-06-23
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What's the dumbest question someone has ever asked you in your job as IT support? I can imagine that there'd be quite a few! There were many questions indeed. What amazed me the most is that people who worked with a program that costed a few hundred thousand dollars in licencing actually had no idea how a computer worked.. Also all these damn lawyers requesting a larger Outlook inbox, having no idea about what a megabyte was and that there could actually be limitations in a computer.
Anyway, the dumbest and most annoying thing was probably the time I got a servicecall from a user complaining that his mouse didnt work properly. I had to walk from my office across the entire building (about 10 min walk), just to find out that it he actually just thought his mouse cord was too short. Because he had twisted it about 3 times around his screen / other equipment. I untangled the cord and asked him if that solved the problem, the answer was yes, yes it did.
Haha wow! That'd really have ticked you off! I'm currently studying Year 11 and I want to go into IT somewhere in the future, somewhere in networking. How did you get into the position you are currently in? Do you have any advice? As disappointing as it may sound, alot of IT jobs is gotten through connections with people. I had a friend who managed to get me an job interview at this place and the boss really liked me, so I got the job.
My best advice is to get out there, even for free internships or whatever. You don't need alot of "school knowledge" as you will be given alot of training at the job.
When searching IT jobs (especially onsite/support), just ignore the requirements. I'm lacking alot of the certificates that would be required of me, but yet, here I am.
Also onsite support is a great way of starting out, as your job description will pretty much say that all you do is general support to users, but as you will be the only IT guy around, you will usually be trained in alot of other things aswell, and it's not required of you to know much beforehand. :)
In IT, do you ever have to make your own network cable? If so, how do you do it? Yea you do, you basically just put the cords in the socket, hehe. Link to www.wikihow.com
Howdy. What do they use the 3D projectors for? And did they really need them, or is there enough money floating around that it's easy to get approval for whatever they want? I believe the large, proper, 3D projectors were used for highend meetings and conferenses, also to somehow project oilpipe blueprints in 3D and things like that.
They probably did not need them, but I can certainly see the advantage in projecting something over a conference room instead of browsing around in a CAD program or such.
The smaller 3D projectors were used for random things, meetings and whatnot, also Game of Thrones and World of Warcraft :) They required 3D glasses though, the larger ones didn't.
EDIT: Yes, there was a huge amount of waste. Every piece of equipment had to be really high-end and as soon as something was used it was thrown away, as the companies management couldn't be expected to work with "used" equipment.. This was everything from expensive headsets and webcams to mouses, keyboards and even computers.
Were you able to keep any of these expensive things they just threw away? Where I work, people can recycle laptops and desktops, so we'll pull some RAM, wireless cards etc if we need a part. Nopes, like I previously wrote, it was all strictly sent for demolision/recycling, atleast the computer parts. We were free to take cables/mouses/cameras etc though.
Well to be fair, it's not like they are ever going to run out of money, so why not get the top shelf stuff? This is true. The company among the top 50 companies world wide, so I guess they had quite a bit of money to spend.
What were your day to day responsibilities? To make sure that everything was up and running. As onsite support you are pretty much responsible for everything there is, even if its not actually what you are hired to do.
Common tasks could be to exchange equipment, install and set up program configurations, assisting conferences (sitting in a corner making sure everything works as intended, and to fix any possible issue within seconds).
Also being comforting and telling everyone that everything is going to be alright.
What was the most complex problem you had to fix? Alternatively, where there special engineers who worked on the especially complex equipment? To be honest, there weren't alot of real complicated IT issues for me as I was onsite. Port configurations, tunneling and security issues etc were handled by our IT department located in another city (I suppose your question was only regarding IT).
I guess some of the more complicated things for me would be setting up the projectors and various conference rooms, being live support in major meetings, also various networking issues.
How much porn have you found? Actually, none (not at that company atleast). There were so many restrictions on the computers and the net, also we weren't really allowed to troubleshoot properly. Also everything was automatically synced to the company servers.
If there were an issue that we pretty much could not solve on the spot, the computer would be reinstalled and given back to the same user. If that did not solve the problem, the computer would be sent to demolition and a new one would be given out to the user.
Why not just take out the hard disk and donate the old hardware? Because traces of data can be stored in other places than the drive. The company had a contract with some "green" disposal firm that recycled as much as they could, though.
Link to images2.wikia.nocookie.net
Because traces of data can be stored in other places than the drive. What the hell are you talking about? There's no data anywhere other than the drive. See answer above. You really are clueless.
What's the standard issue equipment to their employees? It really depends on their assignment. Laptops were usually HP Elitebook 8570 series, stationary computers were in the HP Z800 series (Google the speccs, a computer could cost around $50 000-$80 000).
I would be very surprised if you were issuing Z800's to the average user. the HP8200/8300 series is much more common. Z800's are used for low to mid range servers. Not the average user, no, I reckon it was mostly for the people working with heavy CAD applications and whatnot. It was our most high-end workstation, but in a building with almost 2000 workers I guess that we had about a hundred atleast.
Sure you don't have a few too many zeroes in that price range? I just Googled Z800's and HP lists them as starting at $2200. For $50-80k I could have a Cray CX1 supercomputer on my desk. Starting at $2200, yes. I'm not completely sure about the price as I did not actually order them, but they came with over 200GB of RAM etc.
May I ask why you do no longer? I was working at an IT consultant so I was only there for a few months. I actually do still work for one of the largest oil companies in the world, just not the same as before. I asked a mod nicely to change the description a bit.
Do they pay their IT folks well? I believe I was very underpaid but then again I was only a consultant.
The $30MM 3D projectors used for displaying reservoir models? I believe so, amongst other things.
But he said he "used" to work there ? I do still work for another major oil company that fits the description just as well :)
What help desk ticket system do you use (custom, out of the box, none, etc.)? What do you like about it? What do you hate about it? How would you want it improved? We mainly used (and I still do at my current workplace) HP OpenView Service Desk.
Lots and lots of functions, don't have much complaints on it (atleast not the newer versions).
Not sure how I'd improve it, perhaps by adding a neat export functions to get pretty .pdf docs of my cases.
Are you hiring? Also, did you get a degree or certs before landing this position? I do not believe they are, atleast not in the IT department.
I didn't have much prior education at all to be honest, lacking all of the certs that would usually be required. I was quite lucky to get this job and I learned alot during the time I was there.
Never had any issues getting a job since then though due to good recommendations from this place, like I previously wrote I work at a similar company right now.
Reynholm industries? Nope!
Do you have any conflicting moral feelings because of the industry you work in? Not really, it might have been worse if I worked for BP ;o)
Every time the company struck oil we got cake!
Did you do any support for their energy/forex desks?? Not quite sure. We had around 2000 users in various departments (including CAD, drilling, legal, CEO's etc).
What is your daily personal hygeine routine? Do you brush your teeth before or after breakfast? After breakfast, ofcourse!
Have you broken any expensive equipment? Well, not really. A colleague of mine managed to tip over about 10x Elitebook 8570p that was stacked on a 2 meter high shelf.
As for me, I was carring around 5-6 laptops, dropped one and out of pure reflex I kick it with my food straight into the wall. It survived with a few bruises though!
Is the 3D projector used to help see how shale formations actually look so that they can be fracked/drilled? I have heard that. Yep, this was also the main thing that the Z800 computers was used for.
30 million dollar 3D projectors eh? Yep. I can provide a few pictures later if people are interested.
How much did you make? About $50.000 a year as 1st/2nd line.
Why did you stop and what are you doing now? See answer above.
Any renewals coming up that I might bid for? Hehe, not that I know of.
Hey there. What was your starting pay like? Around $50.000 a year.
I don't know the details of what he emailed you, but an email address alone should not count as proof. Changing email headers is really easy. Link to en.wikipedia.org. Yes, I agree with this but I wasn't really sure how else to prove it.
Hey, I've lost the self-destruct code from that deep-sea rig. Send it! Well ofcourse. I'll PM you the new one!
Last updated: 2013-06-28 11:34 UTC
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[Table] IAmA: We Are the Hosts of the Let's Talk Bitcoin! Show! We just spent 4 days at Bitcoin2013, Ask Us Anything!

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Date: 2013-05-24
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Hi all! I was wondering, what do you think it would take to get bitcoin from a niche currency used mainly by internet denizens to go mainstraim? I know the slow creep of more small companies accepting bitcoin helps, but what do you think that final cusp will be, and will it ever come to that? Thanks for taking the time to do this! There are several potential tipping points, but my favorite one is a large corporation accepting Bitcoin.
Amazon has an incredibly small operating margin, less than 1% - They have more than that in transaction costs, so if they were to accept Bitcoins for product and offer Bitcoins as payment to their affiliates it would cause a rush of other companies to jump onboard for the same reasons.
Once that happens with one large company, it sets a precedent. Doing something new is scary, and when the regulatory environment is uncertain like it is with Bitcoin the choice to accept could potentially cost you a lot of money later if it's retroactively made not OK and the value of the currency plummets.
But once a company like Amazon or Google jumps in, they have enough political swing and momentum that attacking Bitcoin becomes attacking them, and they'll fight that tooth and nail if it's saving them money.
Another example of a tipping point would be a country, ANY country, adopting it as their formal currency OR issuing a new currency with Bitcoins as the transparent backing of it. With bitcoin you can have a functional gold standard, because the gold doesn't need to be hidden from sight.
It is the hiding that makes gold standards dangerous - The people who issue currency with the gold as backing have no reason to issue the correct amount when only they know how much is out there, and how much gold they have.
I guess the Supreme Court has decided this does not apply to taxes, which is crap. Or are you talking about other countries? Thank you :) I actually mean something along the lines of "It is illegal to trade dollars for any cryptocurrency that does not have a real name and social security associated with it"
Will bitcoins ever be able to be traded like other recognized currencies in similar ways to Forex? More specifically, will there ever be retail brokers offering margin trading accounts that allow you to buy and sell bitcoin with leverage? There are already really small niche sites you can trade Bitcoin at leverage with, but it's just a bad idea. With a "normal" commodity market, like say chickens, if you think chickens are undervalued and want to profit from them you can buy forward production of say, a million chickens. Then when the option comes due, if you're on the profitable side of the trade you can essentially sell it for cash and the chickens never need to be delivered. In that way, it almost doesn't matter if the chickens ever existed to begin with because you never intended to take posession. With Bitcoin, it's different - Converting a bitcoin options contract into US dollars, yen, whatever actually is more expensive and time consuming than just "accepting delivery" of the bitcoins themselves. You can still sell them for whatever currency you want, but it is at the time of your choosing rather than at the point of settlement. What that means is that if you sell an option and the Bitcoins don't really exist, you could be screwed. You either default or buy them at market price which can be very painful given how volatile the pricing is right now. It is a bad idea to play with leverage in Bitcoin because if you lose, you potentially lose very big. Additionally, it's bad to buy an option because you introduce the possibility of the counterparty (supply) not being able to deliver, whereas if you just bought Bitcoins you have the Bitcoins.
Do you believe bitcoin is important locally as well as on the internet? If so, how are you promoting bitcoin in your local communities? Cryptocurrencies (of which Bitcoin is the most prominent) are the first real competition to the types of money we've used all our lives. With Dollars, Yen, Whatever - Ultimately there are a handful of people who get to decide how and why the currency should be managed.
If they did a good job, it might be fine - But the reality is the decision made affecting all users of the currency are to the benefit of a very few , at the cost of the many.
Bitcoin is different - The rules that govern it, are the rules that govern it. Nobody can break them, and if they're ever broken it's because more than 51% of the distributed power in the system (anyone can buy a mining rig and join this group). For me, that's incredibly important. Rules should apply evenly to everyone because otherwise they're not rules at all.
Local communities can benefit because it removes payment processors from merchant relationships, removes chargeback risk, and basically acts like Cash on the internet.
What are some of the more exciting things you (each of you?) envision for Bitcoin in the short to medium term? Discounts :) We've been talking about the deflationary business model, and during this period where the value is going to go up pretty fast (over the next several years) as adoption ramps up, businesses are going to be giving major discounts to those who choose to spend them.
From the merchants perspective, this is actually a huge win - They get to have lower prices than their US Dollar (or local currency) competitors, and the value of the Bitcoins they receive goes up over time instead of going down with printed currencies. Once this becomes pervasive in the Bitcoin economy, it will mean that even at those discounted prices they are STILL profitable because their suppliers are also offering them discounts to pay in Bitcoin.
Right now we're at the beginning of this cycle, you can see BitcoinStore.com is attempting it (Disclosure - They have sponsored us in the past, we run a 30s advertisement for them per show) but it's hard to be the first one doing it because it looks like you're sacrificing yourself when really it's just the model that makes the most sense.
Not to be the doom and gloom person but in the future what do you think will/would be the "last nail in the coffin" for Bitcoin? It depends what you mean by "last nail in the coffin"
How did you meet/find Andreas and Stephanie and how did you persuade them to be part of your show? I put out a call for staff several months ago, Andreas found me through that and joined the team initially as a correspondent providing expertise and commentary while Mt.Gox was having a lot of problems. Once we re-started the show as a twice-weekly, he graciously offered to join the hosting staff and gladly took him up on it.
I found Stephanie through her show Porc therapy, and a listener named Justus - He mentioned she did voicework, and I hired her to do some of our early introductions and advertising spots. When we went through the re-organization I offered her an occasional hosting role, and never bothered finding other hosts because I was so happy with our dynamic and varied viewpoints.
Both of the other hosts on the show are real professionals, and it's been my distinct pleasure to work with them.
Thanks for responding! Andreas is my fave (though I enjoy yours and Stephanie's comments too). Everybody has their favorite :) I think the fact that we all have people disagreeing with us at times means we're doing the job, and providing multiple and varied perspectives.
What recording tools are you using? We started off using Skype, Virtual Audio Cables (VAC) and Adobe Audition (creative suite)
Now we use Mumble instead of Skype, but the rest is the same.
I edit the host segments for content (sometimes we go on and on and on) and I edit the interviews for presentation, rarely removing any content. Many times the skillset that enables you to have a really smart idea is not the same skillset that lets you present that idea, perfectly, the first time. Our interview subjects tell me all the time "I love how smart I sound" and I get to say "You are smart, I just removed the brain processing noises"
Assuming bitcoin reaches critical mass, how does bitcoin cope with the criticism of rewarding early adopters? Do you see a potential uproar about inequity? Is there outrage against people who bought Apple stock at $30? Bitcoin is a currency that right now, and for the next few years, acting like an IPO. People who got in early got in cheap, but there was a whole lot of risk because people weren't using it much, there wern't vendors accepting it, so the use case is much more speculative.
We're very much still in the early adoption phase right now - Less than %.01 of internet users are Bitcoin users, as that number grows while the number of coins being added to the total pool grows at a much slower rate, the price per coin has to go up. If Bitcoin fails and everybody abandons it, this works the opposite way - but it actually solves a number of problems (microtransactions, fees, international money transfers, automated payment systems) so I'm not super concerned about that.
One of my favorite quotes, by Douglas Adams.
>It is a rare mind indeed that can render the hitherto non-existent >blindingly obvious. The cry 'I could have thought of that' is a very >popular and misleading one, for the fact is that they didn't, and a very >significant and revealing fact it is too.
What do you make of the download trend of the bitcoin client software in China? Isn't this a big story? China has lots of restrictive controls on their local currency, so Bitcoin has a real use case there. This is one of many scenarios where given even 1% adoption, the price must go very much above where it is now.
You commented on a recent episode about how Satochi Dice was going to block US traffic to the site due to uncertain regulations. Can't bitcoin work around that? If you send bitcoin to the addresses of the various bets - it still works right? Thanks for your show - I await each new podcast. Yes, if you already have the specific betting addresses it doesn't matter where you are in the world. It is only the website that does not allow US IPs, they did this to be very clear they were trying to respect the US gambling laws.
I spoke with Erik Voorhees about this among other things at the conference, you can find that interview here Link to letstalkbitcoin.com
I'd like to thank all three of you for doing this podcast, it's always thought provoking and fun to listen to. Plus, Stephanie does have a very sexy voice... But I do have a question, Right now, I don't know the answer to that question.
How do miners determine which transactions will be confirmed first and which get put to the back of the line? Shouldn't they be confirmed in a 'first come, first serve' basis? But the development team has made it clear they're moving towards a market-based mechanism where Miners set the minimum transaction fee they will accept, and process on a first-come/highest-fee model. People who want their transaction to process fast will put a higher fee and it will be prioritized, while people who don't care about delivery time will be able to send no fee and be subsidized by those paying higher fees.
*edit: As well, do you still plan on using some time on the show to go into more detail about mining? I think it was mentioned a few weeks ago that the topic might be explored in further detail. There will be fewer miners who accept free or very low fee transactions, so there you go.
How would Bitcoin change our financial system as we know it? In the same way the automobile changed the horse-and-buggy system as they knew it. If you play out the logic, one functionally obsoletes the other. I was talking with a financial reporter the other day who has been coming around to bitcoin, and he said to me "You know, if they were building the banking system from scratch today I think this is pretty close to what it would look like"
Andreas answered a question below about bitcoin and self driving cars, fixing spam on the internet by using Bitcoin addresses with tiny amounts of BTC in them to prove you're a real person and not a single-use bot, there are so many crazy and impossible things that become actually probable when you're talking in the context of a world built on decentralized, rules-based, cryptographically secured, instantly transmittable, person to person internet cash.
I have never been so hopeful for our future as I am now that I've thrown my days into bitcoin. Bitcoin 2013 was a fine conference and a wonderful experiance, so many very smart people have quit their jobs or left their studies to do the same thing I have.
We know we're building the future, and it's a better one than we have today.
Have any of you heard about how in Africa much of the exchange in value is done with mobile phone minutes? It seems to me - whatever the US attempts to do with Bitcoin - there will be other places that it will bubble up in. What about Argentina and other places where they actually understand what damage a desperate government can do to a currency? I would agree with you. Until recently it's been impossible to use Bitcoins on a "dumb cell phone" - That changed recently with Link to phoneacoin.com and others.
Bitcoin solves problems that the world has had for decades, it takes the power to destroy the currency away from government so they cannot do it no matter how much they want to, or how desperately they think they need to.
No government wants to destroy a currency, they just don't want to acknowledge they've trapped themselves with debt and have no way out.
Who invented Bitcoin? What is to stop whoever did so initially issuing themselves the equivalent of $79 zillion in Bitcoin currency prior to it taking off? Is there commission charged on each transaction that occurs? If so, how much, and who receives this? The true creator is not known, he went by a false name "Satoshi".
He actually holds about 250,000 coins if I recall correctly because he was the first miner. Bitcoin is a protocol, a set of rules. It's open source, and anyone who wants to look at it can see that there is not a mechanism to just create more coins by typing in a magic word. There are no commissions, although there are fees that go to the miners who process and verify transactions.
Great podcast, can't wait for the next one! It depends on the mesh. If the mesh was never connected to the internet, it would be a parralel Bitcoin network able to transact with itself but if it was ever connected to the larger network any conflicting transactions would be "lost" as the two ledgers (the big one, and the disconnected one) try to reckon their differences. Only one winner, so that means there is a loser.
You discussed mesh networks in 3rd world countries and how bitcoin could be used in such a scenario. If the [mesh] network is disconnected from the internet, how would transactions on the blockchain be verified? Couldn't the time the mesh network was disconnected make it vulnerable to hacking the [mesh network's] blockchain? More interesting might be disconnected communities running their own fork or version of Bitcoin, that way if they're ever connected it can be an exchange process (trading their coins for "bitcoins" rather than a reckoning (Seeing who has a bigger network and canceling out transactions on the smaller one that conflict)
1) The price for one Bitcoin seems to fluctuate quite a bit. The most successful currencies remain relatively stable over time (e.g. the Dollar). Will Bitcoin ever need to reach a certain level of stability to be a successful unit of trade? and if so, what do you think needs to happen before then? 1 - Yes! Once everyone who has purchased Bitcoin has purchased them, the price will stabilize. In practice this will start happening long before absolute stability, and as soon as people start thinking about prices in terms of BTC instead of their local currency it almost doesn't matter.
2) If Bitcoin ever becomes a widely accepted form of payment (seems a lot of businesses already accept it), how do you think the US government will proceed/react/regulate/etc. considering that technically only the feds can issue currency? 2 - "The Feds" are not the only ones who can issue currency - They have legal tender laws which mean people MUST accept their money, but nothing prevents you from circulating a voluntary currency like Bitcoin.
Do you foresee companies like paypal incorporating bitcoin into their businesses in the future as a more credible exchange than these ones that are currently running? No. Paypal again is the proverbial horse-drawn-buggy manufacturer- Sure they might go to the worlds faire and while observing the new fangled automobiles say to themselves 'we might integrate this into our existing machines!' when the fact is that it obsoletes those existing machines.
Paypal makes their money by standing in the middle of transactions collecting fees, Bitcoin serves its function by connecting people who want to do commerce directly to one-another, and what fees are paid are a tiny fraction of what Paypal does. If paypal accepted Bitcoin, it would not be Bitcoin any more because they would have mechanisms to freeze accounts at the very least to mitigate risk. That is not possible with Bitcoin by itself.
Thanks for the well thought out response, I genuinely appreciated that you took the time for this! I do have a follow up question, how does one get bit coin in an easy way? Lets say I have 300$ that I want in bit coin.. whats the best way to approach this? Probably a company like bitinstant.com, bitstamp.com, or btcquick.com - For larger amounts they don't make too much sense but at that level its your best bet.
Not to be rude, but how do you expect for a currency without a standard like gold silver etc. to not crash down in a blaze of glory? What standard is your currency backed by?
Hi There. I was at the San Jose convention hall last weekend attending Big Wow Comicfest and that's where I saw Bitcoin2013! Mostly Bitcoin 2013 was an opportunity for people building the future of Bitcoin to meet each other and network. There were speakers talking about a wide variety of issues, and vendors of Bitcoin services who were showing their latest innovations and systems.
What information was presented at this event that couldn't be done justice disseminated over the internet? The information will eventually be online, but the probably 200 people I got to meet in real life will not (in real life)
What resources do you think I should review as a total newbie to bitcoin? Or if possible, what's the one sentence pitch to get a newb involved? For people brand new, www.weusecoins.com is a good place to start For people who want to learn how it works, www.letstalkbitcoin.com/learn will direct you to the Bitcoin Education Project, which is a series of free and very high quality lectures that will tell you everything you ever wanted to know and more about Bitcoin, How it works, and all the little sub-topics that you'll eventually want to learn about.
The pitch is "It's like cash that lives on the internet, and is as easy to spend on the internet as buying a candybar in a store with a dollar"
Would any of you hazard a guess at the bitcoin exchange rate at the end of 2013? Sure, i'll make a wild guess.
$1000.
If and when a large user comes onboard, I think thats the next price at which we'll bounce around for a while, just like 100 became the sticky point after the last major bout of adoption.
How do bitcoins relate to the law? For example, what would be the crime if somone hacked your account and stole your bitcoins? It's not exactly theft of money, or is it? Bitcoins are your property, it's illegal for someone to steal your property whether it is money or not. Right now there is little that can be done about theft, but eventually I expect a class of "Blockchain Forensic Investigators" to emerge who will track down your stolen coins for a % based fee.
On your last show you mentioned the diversity of the Bitcoiners who attended BitCoin2013 - which nation was most represented in your opinion? Were there any Chinese nationals present (we've heard that they've suddenly gotten the bitcoin bug in the last month)? Did the other nations talk about regulatory problems or is that just a US concern? I met the gentleman from BTC-China, but other than that I actually didn't see any obvious chinese nationals. We saw lots of eastern europeans and south americans.
Other nations are not talking about the regulatory issue as far as I can tell, it seems like everyone is waiting to see what the US does, which is not abnormal in a very new situation like this.
Isn't having an inherently deflationary currency a terrible idea? How is bitcoin different from geeky goldbuggery? Because you can't divide a gold coin into .0001 without incurring cost and expense. That's not the case with Bitcoin, so the deflationary aspect of it is largely moot.
There is a tendency to listen to modern "economics" which makes this arguement, saying that the money supply must expand because otherwise it drives down profitability in a race to the bottom.
I think in practice we'll find that people don't work against their own best interest, and while during the initial adoptions stages of Bitcoin there will be significant discounts offered to those who pay with Bitcoin vs. legacy currency, once the market becomes saturated and the price levels out those discounts will be scaled way back.
Right now it makes sense to heavily discount, because the expectation is that the value of the Bitcoins will go up during this period of adoption, that won't always be true and the discount is a reflection of anticipated future returns.
Was it bad when people saved money in banks that paid 10% interest? No, that's called capital formation. There is a thought that given a deflationary currency nobody will spend any money, that's nonsense. Just because your currency gains value over time doesn't mean that you no longer have costs that must be paid for. What Deflationary currencies do is say "Ok, you could spend it on that, but is it worth it relative to what you'll gain by not?"
That's a good thing. Our system right now works on the opposite theory - Spend money NOW because if you're dumb enough to keep it in the bank it will actually lose value over time between the couple points of "official" inflation and less than 1% artifical interest rates. The situation is like this now because the fed is trying to make people spend as much money as possible with the hope that the flows will "restart the economic engine"
Too bad this isn't how things work, not that it'll stop us from trying it over and over again.
In the 2008 financial crash, govts bailed out the banks because there was no other way to maintain the whole financial ecosystems of payrolls, invoices and trade, all of which go through the banking system. Honestly? No. Bitcoin would be great in this role, but governments around the world rely on their ability to expand the money supply (print money, or sell debt) in order to fund their deficits. They also manipulate interest rates to be low so that debt is very inexpensive.
Can you envisage another financial crash in the future where govt says, "We don't need to do a bailout, as we've got this alternative payment system" and then instructs businesses and employees to just get themselves a bitcoin address and work through the Bitcoin system? Bitcoin doesn't have a central control mechanism, so there is no group or person who can say "OK - the interest rate is 1%" - If that's really what the interest rate wants to be based on market forces, it'll be that - But if not, there isn't much anyone can do to stop it.
What type of notes and agenda does the team coordinate on before a show? We use Basecamp, and it really depends. Right now we have a show prep thread that has 30+ posts in it for episode 11, we'll probably use 5 of those.
The agenda is really basic - As we get near recording time topics are selected (generally by me, but I like to get the other hosts to do it since they provide most of the commentary in Host segments) and I form a schedule, then we run through the recording session hitting each topic.
Over the last weeks we've brought two researchers onto the team, so that has helped a TON.
I first learned about Bitcoins on an episode of The Good Wife. The one with Jason Biggs as the creator of BitCoin. Have you watched that episode and how accurate does that episode portray what's happening with Bitcoin in terms of legal stuff? Not having seen it but knowing TV, I'm gonna go out on a limb and say "not very well" Satoshi has not been identified, was a throw-away identity that was cryptographically secured, so probably never will.
Are there any conferences in Chicago anytime soon? I think a Q&A in public would be helpful for your show as well as bitcoin. I'll be speaking at an event in NYC on July 30, there will be one or two meetups while I'm there. There is also an event in October in Atlanta. I remember talking with a guy at Bitcoin2013 wearing a shirt that said "BitcoinChicago" so I'd suggest looking for a user-group.
We're planning on doing Q&As often, but none of us are really near Chicago so it's tough. Happy to do virtual Q&As over skype, live or recorded.
Oh dear. You're not all perfectly grammatical orators on the first try? I'm crushed! I really value my own time, and I know other people out there do too. I try to make the show as information dense as possible, thats the criteria we've been operating under from really day one.
We're actually talking about cutting the show in half and releasing it more often (still recording the same amount) because people can get tired of listening to such dense content for an hour or more.
US Treasury recently issued a directive stating they would be monitoring any entity attempting to exchange virtual currency for USD (or any other currency, goods, or services), indicating that federal authorities take a dim view of what amounts to private coinage. Do you anticipate a Supreme Court case here defining what is and is not private coinage? 2.And given bitcoin's noted extra-legal uses, do you have any indication it is being decrypted by NSA? 3.Taking it a step further, do you think it could be a national security-sponsored international sieve for money laundering? It may eventually go to Supreme Court.
I think the market has done fine for bitcoin so far. I think the market will continue to take care of bitcoin. The idea of giving in willingly to regulation makes me cringe. There are two camps. Some people think that regulation is inevitable, and since it's going to happen anyways it's better to participate in the process and try to make it less bad. The other side thinks that by participating, you accept their authority to regulate it when really they have no right to regulate money and have proven to do a very bad job at it now for quite a number of years.
Thanks so much for doing this, I love the Bitcoin system, but hate the volatility. How do you recommend dealing with that? I've heard to convert it quickly to the currency of choice after any exchange has been made to avoid any more changes to the price. The easy solution is just buy and hold - If you need to buy something, do it when you need to and not before. Do not pre-order anything.
What is your prediction of the price for 1 btc in USD, exactly one year from now? Just for fun, since I know it is impossible to even guess the day to day price swings. As a wild guess number I'd say $1000 or less than a dollar. Very little middleground because if it's regulated out of existence it will still exist, but be hard to find and cheap - If adoption continues to path the price should accelerate with wild spikes up and down.
My partner is buying into bitcoin as well as litecoin. Any advice for him? (I personally don't understand it) Don't panic, invest for the long term, and don't buy any more than you can afford to lose 100% of because there are still things that could dramatically reduce the price of bitcoin (mostly regulatory stuff, I answered this elsewhere in the thread)
Hello, I just wrote a long post about the functions of using BTC to facilitate a 'free bank' using the principals of free money, similar to the WIR bank. Link to en.wikipedia.org Do you think that something like this would be possible using Bitcoin? Probably. Not really my area of expertise.
Why did bits take a dive at the same time gold took a tank? I don't pay attention to price, sorry.
We take full credit for any rise and blame others for any decline. Feel free to tip us from your gains! Lol.
Just wanted to say I love your show. I encourage you to please continue making high-quality podcast episodes. Thank you. I'm really excited to be able to be a journalist in such an exciting field in a time when journalism is under attack. Not sure if you've been following the so-called "AP scandal" but now is a weird time to be trying to report the truth in this world, and we couldn't have picked a more controversial topic to the global macro picture.
Bitcoins are the stupidest investment anyone could ever make. Pass. Link to static.quickmeme.com
Unfortunately, quickmeme doesn't let you copy image urls directly. Link to i.qkme.me
Yes, but they started being worth a set value. bitcoin was never backed by anything so its value was kind of made up. how do you expect to make a non goverment currency anybody with a computer can print to retain value? Because the pie is only so large, the more people who have computers devoted to the work just each get a smaller and smaller piece.
The rate of issuance for Bitcoin is currently 25 bitcoins every 10 minutes. Only one person or pool gets the whole 25 bitcoins, it's a race to find them. If there are 10 people looking, chances are pretty good you'll find some. If there are 100,000,000 people looking, chances are much less good that you'll find them first, but if there are that many people looking those 25 coins are probably worth a whole lot more.
The system is self balancing in this way, unlike the government currency system where they create 65 billion USD worth of new value every month to buy mortgage backed securities for face value to try and prop up the market. With more than a trillion USD being added in this way each year, how can a government currency retain its value?
Because the governments "pie" does infact have limits to making it, and only dropped gold standard after over 150 years of the doller having a defined worth, unlike bitcoin, where a random hacker can just print endless money. I'd direct you to security researcher Dan Kaminsky. Link to www.businessinsider.com
You'll find it's a little harder than you're describing. Like, impossible.
Last updated: 2013-05-29 11:06 UTC
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