Comments by "Mark Armage" (@markarmage3776) on "CNBC Television"
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@WolframaticAlpha America overplayed their dealt hands. In the 1940s and the 1980s, America was booming, and then you got all Bill Clintony and you fell into a trap of providing countless social services without thinking about what you're doing. You will continuously spend more than you ever capable of recoup, serving a gigantic number of overly privileged, unproductive people and you will burn.
You're not taking on debt a small amount at a time, whether the amount of debt is small or big depends on your capability of paying it back. In this current state, all debt is unrepayable, America is filled with a generation of losers, the wealth gap in America is widening faster than ever, not because the rich is "stealing", it's because the poor is so damn unproductive.
While the Japanese, due to their culture, they have maintained a stable population of productive people, sane people. People in Japan know that they have to work to get what the things they're using, so are the people in Norway, so are the people in Germany. Even the ones in England are more responsible than America. The debt doesn't matter, the question is how you're going to deal with that debt. Your population is incompetent. Your politicians are campaigning on the grounds of "social justices" and environmental protection make belief, because none of their "electorates" care or understand fiscal responsibilities. Society doesn't just progress onward automatically, in America, it has regressed backwards.
America Supremacy is almost over with this trend, you no longer produce breakthrough technology necessary for the world to put up with you, yeah, Amazon and Facebook are huge but those are not necessary technologies, those companies are big due to their large number of users, not because of their "proprietary tech", even the Chinese can create a worthy rival. And with the rising of countries gaining more profits through cooperation in services sector instead of warfare, it shall render the American Military useless. Blame yourself.
The difference between America and Japan is that the Japanese public can endure hardship. Americans not so much, the freedom to be anything in America had made the people choose to be stupid. It's still their choice, but they'll reap the consequences. It's very amusing actually.
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@HurricaneGaming509 If you can't get both UBI and Healthcare, then what's the point of giving UBI?
You remove people's benefits so the people will have to replace it if they don't want to die, and most of them will not use the money to replace it. They rather have a drink then saving up to go the doctor.
It's a zero sum game if you remove people's social program to give them the money that was going to the social program.
It's immoral because when the people waste that money, you'll have no choice but to leave them to die because you don't have any money left on well fare.
Where's your math for that generating more? You give the people's UBI only pay for the extra cost on products that are going to the VAT. zero sum game, study.
If you're claiming that people will earn more than what they pay then your sum would be in the negative because you don't generate more money in the VAT but you're giving more what you get. Study.
And again, marijuana decriminalize, and opioids? You'r giving people money and the same time allow them to use drugs that cost money and bring them harm?
Wow, that is just basic math of stupidity. Go back to school, if you generate new source of income by giving people harmful products to buy, they will use the money on those products and not on themselves. Did you think before you type that? And opioids being legal? What's next, crystal meth, next we should decriminalize cocaine, right, because of what? People responsibility to themselves?
Pal, go back to school, you're way over your head.
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Nope, he answered it. You didn't understand it, but he answered it.
Anybody who trade derivatives on FTX gets to loan other user's fund to trade as long as they put up collateral. This is legal, it's in the terms of service.
Alameda put up their collateral using FTT tokens, and of course, when Alameda faisl, FTX supposed to use the collateral to pay off Alameda loans, but in this case, they can't.
Because FTT tokens also fail when Alameda fails.
So in short, Sam version is completely legal, it's risky, but it's legal. He didn't steal anybody's money. Terms of service allows FTX to use user's fund to loan out to other traders on FTX platform as long as they put up collateral. And it includes the risk of somebody putting really risky collateral.
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Yeah, and there's a risk in delivering cash. Bitcoin is useful because you can make an annonymous transactions and then convert those into cash.
So yeah, Bitcoin is a kidnapper's mean to get cash, so you're sort of correct.
Let me break it down to you, the world will never use bitcoin as a means of exchange. Because money is means of exchange for labor, therefore anybody who owns any money, has to have contributed some kind of labor to deserve that amount of money in the process. Therefore the likes of you, owning bitcoin because you bought it early or you mine a lot of it, that contributes nothing to the total "labor" in the world. And of course, that disqualifies bitcoin as a means of transaction.
Sure, certain dollars are being printed by the federal reserves, but those fiat moneys are distributed among a lot of people therefore it doesn't create an absurd inequality out of thin air. So study some math, pal.
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How desperate are you, pal?
Here's a clue, the technology behind it is called blockchain, which has absolutely nothing to do with Bitcoin.
Another guy can create another coin, that has the exact same function and is distributed accordingly. No government in the world, or any set of nations in the world will accept a trading instrument where the majority of it is heavily focused in one country. You Americans are delusional, try to keep it real.
How much did you put in the game and how much you've lost? Get out while you can, pal.
Your same argument is applied to countless websites during the tech bubble and of course, it all failed. It's still in it's infancy,..., it is the future,.... All hype, no results, no value.
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