Comments by "michael" (@michaeld4861) on "Andrei Jikh" channel.

  1. I love that you highlighted the corporate greed and how CEO's are screwing everyone in the US just cause they can. Also, I always got Jimmy Buffett and Warren Buffett mixed up. lol
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  2. Good Point. It's insane that legal trading was brought to a halt to preserve illegal practices by billionaires. If I am not mistaken they shorted more stock than was on the market which is a naked short and illegal. And they are already getting bailout money it sounds like.... Where's my bailout money when I lose on the stock market?
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  3. Was this from that old Disney movie A Bugs Life? lol
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  4. like he said in the video Darkside didn't actually attack the pipeline but just the financial division of it meaning that the company shut down the pipeline in order to stave off any other financial problems that could occur due to inaccurate billing to their customers. They could have just kept the gas flowing to stave off public disaster but you know... money is more important so..... Just shows you where their priorities are. Oil is one of the most thoroughly corrupt industries in existence.
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  5. I'm not trying to defend him but I don't think Telsa had the same 1-2 day momentum. Tesla never went up over $350 in one day and Robinhood did probably have a higher number of GME buying customers (as well as less capital) than almost every other trading platform. Just something to think about. I think the situation is fucked up as well and frankly I don't understand why shorts are even legal and since they are I think it should be illegal to halt trading on a shorted stock for the specific purpose of avoiding things like this even if the company has some cash problem because of it. If the only problem was capital to cover the transactions and they can't use customer's deposits then surely they can raise money quickly or get a loan to cover a couple days.
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  6. Exactly, they are just using supply chain issues and inflation fear to to extort the US consumer while making bank off increased margins. It a capitalist wet dream/self fulfilling prophecy. Let's just tell people things are going to be more expensive and them make them so and our hedge funds will grow greatly.
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  7. End US Imperialism! Jeff Bezos could singlehandedly raise everyone in the US's standard of living but he wants a yacht for his super yacht instead.
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  8. Nice, super informative.
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  9. Rich people get all the breaks. Being able to deduct the house that you are making money on and then deduct part of your payments for it from you taxes..... Jesus, why can't I deduct my paycheck from my taxes? Oh, right. It's cause I'm poor. On the bright side, looks like a nice house. I don't know how I feel about 20 ft ceilings though. Air conditioning would cost a fortune.
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  10. Squid Game with a little less death (just a tad).
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  11. doesn't proof of stake essentially reward people for being rich by giving them even more power/money than everyone else? Just capitalism under a different name, eventually we will have a Bezos and a Musk that control most of the network and everyone else will only have a paltry sum. I'm all for ETH and bitcoin but I think we also need to move away from the model of giving the richest the biggest reward simply for being the richest.
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  12. If you did make a 12 hour documentary on this I would surely watch it. lol In my opinion this may be your best video ever.
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  13. You say Bretten woods I pay attention. The book Prosperity Paradox is quite good for explaining the success of Bretten Woods and why the financial deregulation and removal of international capital controls in the 80's have caused boom bust cycles like in the Asian financial crisis in the 90's and of course 2008 and perpetuated wealth inequality as well as creating a race to the bottom for taxes on billionaires and wages for the working class.
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  14. You should do a video about hot wallets. Like do we need a different wallet for every coin? Where to make a hot wallet? Etc.
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  15. Fuck the watch. Hawaii would be way better. Just don't go to Oahu. Way to touristy. I could never imagine spending $50,000 on a watch, that's insane.
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  16. I can understand his position maybe but the fact that it fucked retail investors while benefitting hedge funds is still a major issue. The whole thing is a double standard, hedge funds can place their bet but gets limited or canceled. I think shorts should be illegal in the first place but also that companies should be barred from placing these temporary halts to trading, especially if there are shorts on that particular stock and if the company can't cover the capital they should have an extra couple days or whatever (in the case of a rare event) to raise it. Anyways, I read that the hedge funds are shorting a bunch of struggling entertainment and leisure stocks right now so hopefully it doesn't happen again.
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  17. Welcome to capitalism where everyone gets fucked and Jeff Bezos get another yacht spaceship.
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  18. lol, he's a millennial, meaning once in a lifetime.
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  19. Dang, "we will fire any employees caught trading crypto cause they are stupid" That's gotta be illegal. Are they not allowed to buy any stocks, or go to a casino either? Bet that ceo is feeling stupid now. Also, what an ass, taking advantage of people like this.
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  20. Graham seems to have good intentions but the thing is, crypto is not the lottery. You can't do anything with a spent lottery ticket whereas Doge will go up again and down again etc. and you can always convert it and it's only going to be accepted more places (mostly online) as time goes on. Plus the whole Defi system is only in it's infancy concerning all the uses it has. Just saying. NOT an equal comparison saying it's a round of roulette. Plus if you hodl for a year than your tax rate goes down significantly and if you only sell $400,000/year your taxes will also go down. Plus, why is Andrei trying to get him to sell when he made huge sums with crypto?!?!?!
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  21. If Elon cared about free speech he wouldn't be such a good union buster. He wouldn't have canceled that dudes order for criticizing him and he wouldn't have gotten that other dude banned from twitter for posting about his jet flights (which are public info). I'm not saying Twitter doesn't have issues now, just that billionaires buying the public square or the media is always a bad idea. (Including Bezos, Bloomberg, and Murdoc who all own media companies) All the easier for billionaires to manufacture consent and divide us pleebs to rob us blind while we fight about Mr. Potato Head or Cat in the Hat or Green M&M's or some other stupid media contrived story.
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  22. World Bank was created to keep US hegemony strong. We can more easily topple poor countries we don't like if we control their ability to borrow money or fund growth. Not to mention the CIA.
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  23. You mean by voting for Trump? WTF is he going to do about it? Besides become your dictator.
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  24. Yes full video about how the 70's were an inflection point to our now dystopian hellscape where nobody can afford a house, car, medical care or food while Bezos gets money back on his tax returns.
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  25. Dang this was a great video. Makes a lot of things more clear. So oil price sparked the 70's/80's inflation. But then why did Volker need to Volker the US with high interest rates since those don't effect oil price? Damn bankers never let a good crisis go to waste when they can use it to crush working people and enrich themselves.
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  26. You last point doesn't make sense. Taxing Jeff Bezos doesn't effect Amazons profit. Since Jeff's money comes from Amazons stock price/profits, unless the argument is that Jeff needs to be the worlds first trillionaire at any cost and so he should reduce wages and working conditions to fatten his pockets some more by syphoning off more money from the company.
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  27. The stock to flow model assumes that an asset is necessary. Things like gold or silicon have uses and are mined because they are useful. Bitcoin is only mined to make money. So I'd argue that it does not apply unless (or until) society sees it as necessary.
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  28. You should have just been Daniel Radcliff's body double. lol Coulda made bank pretending to be someone else who is pretending to be a wizard. lol
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  29. Dollar cost averaging into an NFT is an impossibility. That's like saying you dollar cost averaged into your home or car, it just doesn't work that way, you purchase it all at once, not at difference costs over time.
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  30. "It's like comparing apples to oranges." Same thing really, Hey lets use that to make inflation look lower!
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  31. The Citi situation is way different though since they accidentally paid off their debt early. They did not just give random people money, they just accidentally paid a larger portion on their already existing debt payment. (And they didn't over pay either.) Totally different since Blockfi did not owe any debt, especially not 700 BTC to these people.
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  32. But yeah, probably not worth the legal fees and everything. Nice to offer $500 to return it though. lol
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