I believe Musk is starting to loose its shine unless gets another rabbit out the hat. The Tesla Bot may be a such attempt but it's a hard sell because it's not really something new(i.e Boston Dynamics have been trying it for decades)
You can see that because you’re knee deep in conspiracy theories. I’m not in denial I’m just informed on foreign policy and know that these agencies don’t just overthrow governments because they make financial decisions like this. That’s an ignorant meme that lacks any real analysis of foreign policy.
It's just history(i.e [1] )not conspiracy theories. We are past that. Same thing about surveillance. It used to be "conspiracy theories" but wikileaks and Snowden showed us that the truth is even worse.
cryptocurrencies don't have to be ponzi schemes but most of them are because the crypto "investors" want to get into ponzi schemes.
They don't "believe" in shitcoin's "white paper" but they believe there are more ponzi buyers.
To be fair most retailers do the same with stocks so it's not that different. I don't even mention CFDs where the vast majority lose. Even "analysts" score various instruments based on "demand"/market sentiment not value.
Stocks are different because there’s actually an underlying business beyond “waiting for the next guy”. For example in a non-ponzi security there is long term value as a business grows. No such thing for shitcoins. Nobody is saying sentiment doesn’t matter in the actual economy, it’s made up of humans, of course sentiment matters. It’s “is sentiment the only thing that matters?”, and in the case of crypto the answer is yes.
> Stocks are different because there’s actually an underlying business beyond “waiting for the next guy”.
I agree but this doesn't change the fact that many people don't care about the underlying business and often the stock price and underlying business are disconnected. They just gamble whatever is "hot" or if they think they are smarter they trade the chart. In this way it's no different than crypo "investing". Both can make you rich or get you bankrupt, fast.
Indeed but then people found out they don't care about what's behind the ticker (i.e underlying value) as long as its price goes up. You can find the same behaviour on many stocks as well(i.e $AMC more recently).
>> Gold is valued in dollars. Oil is valued in dollars.
If a long term contract is signed it protects you from dollar's inflation/volatility as the contract used gold as currency. I think this is important as tomorrow Fed's decision is no longer that important for your energy costs.
The more important part is that if enough contracts are signed in gold(highly unlikely given U.S's oil exports) then the dollar is no longer relevant to the oil price.
Most dollars are created by offshore banks and are not backed by deposits at the federal reserve. The federal reserve only indirectly affects the value of dollars through manipulating inflation expectations. If people think the fed is easing, they buy assets which pumps the collateral of offshore banks which then have larger balance sheet capacity to issue new dollars backed by that collateral.
So even if you are signing contracts in gold/oil pairs, effects of fed decisions can impact your trade in ways that you are protected from in usd/oil pairs as gold is usually viewed as a safety asset - so when animal spirits take off due to fed statements gold can go down while oil takes off. This has in fact happened several times over the last decades.
> I think this is important as tomorrow Fed's decision is no longer that important for your energy costs.
The Fed decision wasn't important to energy costs anyway, though. Oil is priced in dollars, but the price changes minute-to-minute. Whatever the Fed decides about the value of a dollar, the oil price will reflect that.
If you're involved in a long-term contract involving the exchange of oil for dollars, then the Fed's decision can have a big impact on you. But that's true of all long-term contracts involving dollars; there's nothing special about the other side of the contract being oil.
>> The Fed decision wasn't important to energy costs anyway, though.
Of course it was. Rate hiking makes the dollar more expensive for anyone buying dollars(to pay for the oil). Were they dealing with gold they would not have this issue. Not to mention if the buyer is a gold producer.
The Fed has a huge influence of course, since they are the largest issuer and politically close to the authority that determines what a dollar is. But Dollars are also created by other banks on their balance sheets, many of them outside the US.
What are you saying? Does that have anything to do with the decision on interest rates? How does the interest rate decision affect the real price of oil?
I think this is to be expected(sooner or later) for small businesses dealing with "big tech".
You are just a small number in an ocean of "users" so suspending you is really no different than suspending your twitter account. Start taking some responsability folks! Let's stop feeding these walled gardens!
