Comments by "Samson Soturian" (@samsonsoturian6013) on "Patrick Boyle" channel.

  1. Treat Sam's statements with care as he is very biased in favor of not going to prison.
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  2. Patrick's sarcasm is so tight the scammers think he's being polite...
    1700
  3. I was at the main office of Mastercard for a time. They had massive rec rooms, a library, lounges, and a whole parking lot dedicated to EV charging. Literally none of it was ever used, sitting empty while workers went straight from the open-cubicle desks back home in their gas cars. Just a massive waste of money
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  4. The problem isn't we're broke, the problem is most politicians are more concerned about the party affiliations of the men proposing a bill rather than the bill itself.
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  5. The strange thing about this bubble is that it appears to be something most consumers are actively avoiding even if the sing the praises of AI.
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  6. The root cause is people want the money that comes with new inventions, they don't actually care about the work that creates them. I assure you, John Deere didn't get rich selling better plows because he had an idea, he got rich because he spent literally his whole life making plows.
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  7. Those "wealth management products" promised 13% returns. For comparison, the Madoff's "hedge fund" promised 12%.
    561
  8. Getting paid with options sounds like a infinite leverage glitch
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  9. You've gotta be a lot of finance student's favorite professor...
    343
  10. The people who think this channel is boring likely also are pumping meme stocks.
    274
  11. "Yes, that's how it's pronounced and it's also how it's spelled." Shots fired... Someone call Paul Revere.
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  12. I think all that will happen is Apple will end up as Goldman Sach's largest shareholder and we'll drop the fascad that Apple's banking is separate from Goldman's.
    241
  13. In China, "Social stability" means "avoiding riots."
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  14. Anyone notice that as soon as stock markets became available to everyone, private equity markets exploded in size?
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  15.  @RamonChiNangWong078  No one wants to live at work no matter how well they are paid. We'd all rather work for our family
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  16. You know, if they actually bought the offices they rented they'd actually be making money with the same business model. Nothing spectacular, but there would be no struggle to justify the company's existence.
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  17. It's called fraud and Tony can be charged with it.
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  18. To add: China is having its own inflation issues and has deep debt they can't pay. Getting foreign countries to take Yuan off their hands allows them to print more money without inflation.
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  19. It's a legal con
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  20. Stupidity and greed are also factors.
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  21. In oil states "yet to approve the budget" is code for "we don't have the money."
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  22.  @victorcode2075  Dude, that's less debt than the average mortgage. And note the government's ability to borrow is much higher than an individual because a government, by definition, has the best credit rating in their jurisdiction.
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  23. That sounds like a you problem
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  24. To be fair, they thought they were investing in a casino
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  25. Come on, this is America. We blame the government no matter what happens.
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  26. It's simple: They depended on borrowed funds to overpay office workers for decades, which is simply no longer possible
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  27. Ah yes. Coca-Cola. The universal measure of inflation
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  28. In the Arab world, this sort of informal one-man bank is called a Hawala. The difference is that formalized banking is extremely rare in that part of the world, and Hawalas are one and the same with loan sharks, money launderers, and black market fences.
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  29. Is it just me or is everything influencer promoted not worth buying? Even good products like what Patrick might promote aren't worth asking price, whether it's 70 bucks for an aluminum wallet or 16 bucks a month for a VPN we don't really need. And why would I sign up for My Heritage when Ancestry already exist and i know from experience the service is good?
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  30. If he's making money honestly who can blame him?
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  31. This is just another case in point that GDP is a largely meaningless metric
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  32. When people doubt Adam Smith's invisible hand... Just tell them this story.
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  33. You see why historically Chinese companies often trade at ridiculous multiples. It's because all Chinese companies have high regulatory risk and the Chinese markets are volatile at best.
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  34. A bigger question is if owners of the LME exchange personally made bets on nickle. If so, it's textbook insider trading.
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  35. Come on. We all know the banks work for whoever is paying as long as it isn't illegal (and even then some banks make exceptions).
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  36. "Respected."
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  37.  @TheHumbleGeek  I'm sure there is something you are tempted to overspend on. I keep having to tell myself No, I do NOT need another gun.
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  38. To add about conspicuous consumption: Its what drives certain digital economies. Certain online games give out unique items as rewards, and these are often sold for real world money. Most of the time they sell only for a few dollars, but there are recorded cases of people paying a couple grand for something like a unique paint job on a digital gun. There are cases of people who were offerred even more but simply refused because they thought it unethical
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  39. Those are mostly shoes/clothes where the goods are cheap but the branding isn't. Most of the buyers are actually small time dealers auctioning them off. One 22 year old said after expenses flipping luxury shoes paid about as well as a factory job but he didn't have a boss
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  40.  @ytredvb  Except all the merchants supply those goods MUST use dollars. A lot of countries have hidden dollarization in this fashion
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  41. People keep talking about fake accounts spreading spam but we all know a lot of those accounts were manipulating political narratives. In fact, I'll wager most of them are.
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  42. Best time to do it.
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  43. I actually shorted their currency a couple months ago and tripled down on my position over the past few weeks. As Charles Munger said: "The way to get rich is to compete against complete idiots."
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  44.  @BerndGiegerich  When the popular kids have to pretend to be nerds in order to stay popular in adulthood.....
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  45. Vhut? I watched one of them then left halfway through because they actually didn't talk about what their actual work was. Just a girl in skimpy clothes talking about lunch and friends. Sexualizing/exaggerating wealth like that is a classic sign of fraud
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  46. I wonder if any state officials shorted the stock last week......
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  47. That's the baby boom.
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  48. At what point do we overproduce electricity?
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  49. No, he makes money by selling motivational books and investing other people's money.
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  50. To prove she was defrauding patients you also have to prove the device was fake, rather than simply didn't work. If you put her on trial for that, she's simply play dumb and blame it on being an underqualified scientists with over ambitious ideas. No idea if that'd stick, though.
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