Comments by "Kristopher Driver" (@paxdriver) on "Patrick Boyle" channel.

  1. Fatal flaw in this analysis: you assume Trump intends to work and do a good job... He doesn't like work, he doesn't even like to read more than a page. He can't write or speak at a level of a highschool child so negotiating or careful consideration just aren't in the cards. There's no math, no historical reference, no forethought, nothing. He doesn't want to work. If nobody bugs him about his promises he'd gladly do none of them at all. I don't know why anyone would take him seriously or literally. The only thing serious about that man is the damage he causes in the wake of his gluttonous narcissism. The outcome of his term is identical to that of a child trying to deceive adults while walking along them believing nobody notices he's a child even while he's throwing tantrums or elbowing his way ahead of world leaders and monarchs he's forced to visit.
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  2. I love how throughout the video Patrick has his watch prominently on screen, but I can't even tell if he got it from a corner store as a silent gag or if it's once of the rare Rolex watches mentioned in the video 😂
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  3. Over 20 years ago I bought a Seiko with my first full time job. I still wear it daily, while I realize $200 isn't luxury to most people lol
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  4. "Hopefully we can be optimistic for the future... " is a hilariously sanguine way to close this video, intended or not lol 😂
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  5. Liz Truss's 4 week experiment and subsequent bank run and bond defaults were a pretty clear red flag for regulators to focus on interest risk and duration stress tests. I don't buy it that they just couldn't see it coming. How did they get that job if a public highschool grad in his 30's like me could figure it out first. No ceo of any bank should miss things I can catch just by watching markets and forecasting as a hobby.
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  6. Hilariously informative. Love this format, and the variety of info videos with topical satire. Really really good mix, I love this channel. Thanks Patrick!
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  7. Not to mention ensuring favorable exchange rates lol
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  8. What boggles me is the logic here - bond holders only lose if the business is mismanaged, but shareholders are protected, yet only shareholders can impact or oversee the operations of the business. Even without a vite, shareholders have internal access and can represent themselves at general meetings but bond holders just sit outside and wait for the professionals to release the selectively redacted minutes at best.
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  9. 14:53 you're missing a key component of defense spending imho - to prevent recession, on a technicality temporarily even, defense spending repurposes declining mechanical manufacturing spending. Defense is very stimulative, and that's a huge reason countries are rearming too. Russia, Hamas and China are good ways to justify it to a public but that doesn't make it the root cause.
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  10. Should've quoted gaddafi's UN speech. Still, great vid as always. Love your work, thx
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  11. I love the balance of comedy and info. This channel is my opinion of ideal balance
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  12. I came to comments just to quote that ppl thank you for beating me to it. 😂
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  13. 13:00 correction - musicians always made their money touring. It's the labels who lost money from streaming. Artists get the same royalties they always got nix cd sales. Also, 100% increase since the 90's tracks with a 3% inflation compounded annually (the target inflation rate engineered by policy makers during that time).
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  14. If only one of the Congress members knew just this, well enough to make a speech that teaches the others, if only... I don't think a single leader in usa or Canada knows how a market system functions. Kinda important imho
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  15. Next episode: luxury kerchiefs and tattoos, right?
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  16. I absolutely love how all economic theory and game theory relies on the critical assumption of rational actors and limited to no intervention, because based on those simple principles we can assert as material fact that capitalism without any hint of socialism is the be all end all pinnacle of human civilization and productive enterprise. It's just so so funny were it not so utterly catastrophic lol
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  17. Passive income totally exists. Buy a property, pay maintenance and property manager, you'll get passive income for hundreds of years. That just happens to be the problem and cause of income disparity too lol go figured.
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  18. I. Love. This. Channel. Period. "deposits are safe, nothing to see here" - Janet Yellen c/o Joe Biden, senior Croc of Swiss
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  19. Modi is a great politician in literally the exact same way as a shopping addict excels at procurement.
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  20. Speaking of Arc, an Intel flogging is long overdue in light of the chips act and their product lines like optane being discontinued. Love the show, caught your guest spot on macro the other day too👍
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  21. Most if it was settled shortly after 2008, it was operating on a skeleton crew in some sort of receivership for most of the time since, I believe. So technically accurate, but practically it's not like the victims were sitting in limbo all this time.
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  22. When there's a bag to be held, you can bet Softbank has two firm grips on it lol
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  23. I love this channel. Bump bump bump bump.
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  24. 😂🤣🤭😭😝😂😁
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  25. How to improve the system - extend the rights of corporstions to individuals so that umbrella corps can't absorb the liability for a person wealthy enough to pay to live outside of the law. There would be less incentive to corrupt a system if everyone had equal access to those dummy entities offshore. It's so ridiculous in concept how much resources are extracted from profitable operations to pay to juggle bureaucratic paperwork to absolve rich people from social harms their wealth accumulation has caused the public.
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  26.  @SD-tq7ug  absolutely! that is, after all, their social raison d'etre lol that's the thing they're supposed to be paid to do but in practise they're rewarded for doing the exact opposite
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  27. I'd kill for a well edited hour-long podcast of this. I wonder he'd be able to produce more without the video component or if the video render time is just spent writing script anyway. Either way, fully agree. Would love to get more from Boyle
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  28. I don't understand how it is coercive in the eyes of the law to buy shares above market price, but it's not coercive to issue free shares exclusively to the people unwilling to buy more shares at market value. That doesn't sound like free markets. If shareholders want to protect their stakes they can refuse to sell shares and thus drive up the price higher than the would-be takeover artist was willing to pay. It's like we all forgot how functioning capitalism works and just applaud anything that benefits us, calling that freedom. Maybe shareholders should only own what they believe in and maybe they should refuse to sell if they like owning their companies instead of spreading out their wealth so thin that they own everything while also remaining protected in everything without ponying up their own money for said protection? Im just saying we should be consistent. Either we believe we should be able to own businesses and earn money doing nothing but we also want taxpayers laws to protect us for spreading too thin..
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  29. It's just a soma holiday before early retirement probably ;p
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  30. There is an easy solution: nuclear power. The UK has Cambridge and Oxford, they should have more power than they need like France, and be exporting power to Germany and Ireland. Subsidize the energy at cost instead of hard dollars. If the power plant is publicly owned and sells energy to a privately owned company asking for subsidies, at least you have the plant's PPE, and a resource also useful for wartime (power AND steel), and the subsidy can be cut if natural disaster requires energy so steel production can be let to suffer temporarily to the national benefit.
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  31. Here's a test: does senile Biden struggle to list items sold at grocery stores repeatedly when he brings up the same fake story about "that time" he met a woman who couldn't afford an apple at the till? They're not even on the same plane of existence mentally, despite Biden being barely fit to babysit a 10-year old. I could say Marco Rubio is a terrible human, but he's still more human than a rock. Trump is dumber than any human being I've ever met who didn't have a diagnosed mental disability. He can't speak but there's nothing wrong with his mouth. He can't read but nothing wrong with his eyes. He drew on a map with a sharpie believing it was convincing. He commits crimes with with people in the room transcribing what he says. I don't know how anyone could have so much trouble distinguishing between the two when there are orders of magnitude separating the guy who drafted legislation and the one who can't read them or explain them.
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  32. Why grow if the population is shrinking and the wealthiest are entering the retirement years when people typically reduce spending and consumption? Seems perfectly natural this is the outcome of demographics and generational wealth transfer moreso than Brexit.
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  33.  @stephenchurch1784  priority is legislated by the articles of incorporation. It was more a matter of biding time to not liquidate at the bottom of the market at first, then when the skeleton crew began generating revenue they were allowed to keep going to continue recouping losses for priority creditors. We the plebes were written off right away though, there wasn't much of any delay.
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  34. You are at least just as funny as any comedian I've ever heard lol speaking as an indie rapper with an educational podcast channel on YouTube, you're hilarious man 👍 But seriously though, finance and politics moving forward ya?
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  35. Blinkist - "why read a book when you can pay me to read it for you? Trust me bro " Because the process makes you smarter, not the cliff notes. That's why.
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  36. I'm curious as to why you don't think Russia could launder money using bitcoin with North Korea being such a huge manufacturer of narcotics, and bitcoin being easy to exchange for drugs, with drugs being easy to exchange for cash USD. it would cost almost nothing for Putin to set up drug distribution overnight using bitcoin for product and product for greenbacks. Hell, with kgb protection and buying product in bulk they'd even be making money while hurting the west they're selling drugs to. It might even be more profitable than selling off limited natural resources, which of course they'd still be selling for profit to China and India. I can't imagine Putin would be morally opposed to getting the west hooked on meth to punish them for interfering and sanctions costing them (in their view) in the first place.
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  37. Winnie the Pooh became a euphemism for Xi Jinping mockery.. That's why it was banned lol because a cartoon bear with no pants resembled the leader to accurately lol
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  38. How does a China monetary system even collapse? It controls the central bank and has the authority to take over bankrupt businesses and force everyone to resume business as usual as it dispenses nationalize profits at their leadership's discretion.. They're the Chinese Communist Party lol they're communist, they can act like communist in the event of a collapse. It'll be the rest of the world holding the bag without factories or their own debts to everyone else being repaid. They can do whatever they want so even in a worst case scenario a crash for China in the most severe is no worse than a rigged capitalist system which encourages workplaces install suicide nets around the windows and rooftops.. An economic downturn that turns catastrophic is immediately solved in China, the ensuing demise of everyone owed money/goods from China, on the other hand, our recessions resulting from China's default would be felt for up to a decade, and may lead to wars, austerity and/or famines...
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  39. Immaculate Ferrero Rocher reference 😂
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  40. How does a frozen mortgage market affect derivatives like MBS's over the long run? It's a new dynamic to me, I don't quite know how to forecast those instruments.
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  41. "this is an emergency rescue, with national Bank backing and government coercion... But it's absolutely NOT a bailout." removes CHF from forex hold positions immediately lol
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  42. 😂 Gpt-4 is an intelligent Canadian. Fucking genius comedy
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  43. Omg the sarcasm is so perfect lol 😂
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  44. Great show, but you missed metro bank UK in 2019 😜 Always proud to be the "Uhh, actually..." guy because it's rare on this channel. That said I'm probably missing a crucial detail and you're about to "well, actually..." this comment right back 😜
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  45. Don't forget the wry witty humour, perfectly peppered
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  46. Can you please release a 1hr stand up comedy special? I'll pay you lol
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  47. This could happen today in America if you invented a new Pacific territory. Even though it's cheap to print these days, people largely still believe whatever they read. That's why SPACs, crypto, apes, and Gamestop stock got popular.
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  48. At the risk of sounding like a narcissist, I have to ask if this video was inspired by my request during last week's premiere ;p either way, I'll pretend a world famous youTuber heard me and thank you just the same lol Really appreciated this video's subject. You da man Boyle
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  49. Lucky for Lefty the SEC has no authority to prosecute. What a conveniently timed break.
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  50. God bless common sense satire, and His prodigal son, sarcasm. The virgin Mary Jane and her uber driver Joseph hath produced a saviour of the chosen people.
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  51. Engagement comment in support of your word. DNR
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  52. ​ @dancom6030 the only comment I've seen that hits the nail on the head. If making more but required to reduce standards of living to make ends meet without increasing debt then by definition the economy is not better for that person. Cutting benefits to make more money then paying higher health insurance is not an improvement just like having 3 part time jobs with fixed commute costs is not a better labour market statistically, even though the statistics suggest otherwise. We can learn on our own, sure, I do that, but without humans reviewing job applications in an effort to be more efficient and cut costs, then qualified self educated people don't get hired even when they're the best candidates because computers don't make value judgments of character like that. It's a double edged sword - the company loses the better pool of candidates willing to take slightly lower pay than university grads, and university grads have student loan debt with higher expectations and often lacking the gumption and character a self taught person can earn. The only way out of the mess is profit sharing to spread company earnings across any employee who does well, with wage increases fixed to inflation and replace pay bumps for solid workers with greater profit share. That would mean any smart good worker could invest in themselves long term by working any job and probably stay once they amassed more profit share and we're comfortable, and any employee could borrow short term off shares rather than pay rent-seeking banks an interest fee for doing absolutely nothing.
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  53.  @mth469  Chinese company turning to wet shit, so you weren't far off lol A recent Evergrande domino
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  54. We could use a huarong run down right about now 😉
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  55. 11:01 he'd have been better off letting gpt representing him if he's going to represent himself...
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  56. Lol Opera? I literally thought this ad was a joke.
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  57. ​ @kent463101 much closer to thousands than hundreds lol
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  58. If America can't connect WiFi, 5g, touchless card payments, or broadband in under 20 years then what makes us think EV's will have access to fast charging stations across the country in our lifetimes? Solution 1: HVDC and nuclear plants, with high speed rail commuters and EV's bring home charged for a few decades first. Solution 2: cables along major routes and hooks installed on vehicles lol
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  59. Xi Xinping backed out if the climate accord because their 3 gorges dam was made in China so its already failing... Just saying, I did predict it months ago.
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  60. Babblr/babbel/babel need to change their names... Or include subtext or something.
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  61. Shout out to Shoshana Zhubov on "surveillance capitalism" 👍
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  62.  @vishalsanjay4017  not if it's already in freefall. Other market brokers aren't allowing shorts on the currency so it's falling based solely on speculation and capital flight, not short order executions. The dynamics are atypical here.
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  63. Awww started fist pumping that I caught a première, but just Just missed it apparently.
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  64. Big difference from POTUS defrauding charities for free money plus tax deductions to brag about how smart and rich he is... Faaar cry lol. When rich dudes got rich by being useful, then still spent 10% of that EARNED wealth on philanthropy just because that was what made sense to do with that much money lol Amazing that was once part of the American dream but now its being rich without warning it by adding value, and hoarding it for more rent-seeking lmao. Evolution definitely steps forwards with steps backwards sometimes
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  65. Wouldn't it make more sense to open hedged short positions for savings deposits? Instead of printing cash or promising to if the lira falls you'd only pay the spread without having to pay out massive savings rates in the event of volatility. If the lira falls the hedge pays the interest on account. If the Lira rises the gov't just carries the short indefinitely and pays for it in an annual tapered bond auction by volume. It's way more stable and cost effective than just promising print money to pay savers hoping it slows the decline while turkey actively applies downward pressure on the currency with promises of further printing.
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  66. Major audio artifact at 15:15 - WARNING
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  67.  @someonespotatohmm9513  it does if they acquire other currencies or their own by deliberate means. If money supply is tightened then gov't forces a huge conversion by international agreement or new tax repatriation law, for eg, a predictable swoon of buy orders in FX markets will absolutely affect the valuation and spreads just because of availability and coercion by policy. It does matter, fed can't force the gov't to want to issue bonds but gov't can plan, time and execute ideal policy changes to manipulate demand for legal tender.
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  68.  @somethinglikethat2176  the record label. I think Toni Braxton and Madonna had issues like that too. The people we're trying to protect here are the labels with this protectionism, not the artists. Streaming is no different from radio, where fewer commercials aren't needed because less overhead than radio. But the artists always made the bulk of their money by being known and then going on tour.
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