Jared Michael

I'm Jared.

[PaxTrader777🇺🇸 @paxtrader777]

I dont know how to schedule a Space ahead of time so i will post a link at 6:00 cst 7:00 est today.

[Jared Michael @Jareds1999]

@TaylorRMarshall I think in a lot of ways this is good advice. Or you can just not be stupid about all this stuff. That's why great men say moderation in all things. In my opinion it is much more important to teach personal responsibility, rather than telling people to avoid everything.

[Robert Sterling @RobertMSterling]

People need to stop overreacting about Kamala’s plan to reduce food inflation, as if it would lead to communism, mass starvation, and the end of America.

I worked in M&A in the food industry. Here’s a step-by-step summary of what would actually happen:

1. The government announces that grocery retailers aren’t allowed to raise prices.

2. Grocery stores, which operate on 1-2% net margins, can’t survive if their suppliers raise prices. So the government announces that food producers (Kraft Heinz, ConAgra, Tyson, Hormel, et. al.) also aren’t allowed to raise prices.

3. Not all grocery stores are created equal. Stores in lower-income areas make less money than those in higher-income areas, as the former disproportionately sell lower-margin prepackaged foods (“center of the store”) instead of higher-margin fresh products like meat (“perimeter of the store”). Because stores in lower-income areas aren’t able to cover overhead (remember, even if their wholesale costs are fixed, their labor, utilities, insurance, and other operating expenses aren’t fixed… yet), grocery chains start to shut them down. Food deserts in rural areas and in low-income urban areas alike become worse.

4. Meanwhile, margins for food producers are also quickly eroding. Their primary costs (ingredients, energy, and labor) aren’t fixed, and their shrinking gross profits leave less cash flow available to cover overhead, maintain facilities, and reinvest in additional production capacity.

5. Grocery chains, which have finite shelf space, start to repurpose their stores (those they didn’t have to shut down, I should say) to sell more non-price-controlled items—everything from nutrition supplements to kitchenware to apparel—and less price-controlled food products. Your local Kroger or Safeway starts to look and feel more like a Walmart.

6. Food producers stop making products with lower margins. Grocery chain start competing with each other to secure inventory. Since they can’t compete by offering stronger prices (remember, producers aren’t allowed to raise prices here, and, even if they could, grocery chains no longer have the gross profit to bear price increases), they compete on things like payment terms.

7. Small grocery chains start to shut down entirely, or get sold to larger chains like Kroger. In addition to not being able to cover fixed costs, a major reason for this is because they can no longer reliably secure delivery of products, due to producers prioritizing sales to larger customers, which are able to leverage their stronger balance sheets to offer superior payment terms.

8. Smaller food producers—which typically sell via distributors, rather than directly to grocery chains—start to go out of business. Because these producers have an additional step their value chains, and because they have lower volumes over which to spread their fixed costs, their cost structure is inherently disadvantaged compared to major food producers. When grocery stores aren’t able to raise prices, cutting product costs becomes all the more important, and deprioritizing purchases from smaller producers is an easy way to do so.

9. As supply chains break down, lines start to form outside grocery stores every morning. Cities assign police officers to patrol store parking lots, and food producers draft contingency plans to assign armed escorts to delivery trucks.

10. The federal government announces a program to issue block grants for states to purchase and operate shuttered grocery stores. The USDA also seizes closed-down production facilities.

11. The government announces that prices for all key food costs—corn, wheat, cattle, energy, etc.—are also now fixed, to stop “profiteers” from gouging the now-government-operated food industry.

12. Shockingly, the government struggles to operate one of the most complex industries on the planet. The entire food supply chain starts imploding.

13. Communism, mass starvation, and the end of America quickly ensue.

Hey wait a second

[Jared Michael @Jareds1999]

@TradeHealHub @Emmonspired I went and read your page. Don't preach at everyone randomly. Be quiet and learn before you speak. Isn't that in the Koran somewhere?

[I K Taher @iktaher]

This man saved Ancient Rome with a single speech.

He also:

• Refused a $5 million bribe from Julius Caesar
• Invented techniques used by lawyers in the Supreme Court today

Here's his forgotten wisdom (that could end global conflicts overnight):

[PaxTrader777🇺🇸 @paxtrader777]

Watch this. https://t.co/EYgkgiGHay

[Jared Michael @Jareds1999]

@Emmonspired @spectatorindex Yup. Somewhere else someone asked why her dating Brown was an issue. My reply: It was a spectacular career move on her part, because he handed her several key appointments in the CA government after they started banging, even though she was obviously inexperienced and unqualified

[Jared Michael @Jareds1999]

@WebGuy223 @DanaSharpe18 @franklinisbored @elonmusk It was a spectacular career move on her part, because he handed her several key appointments in the CA government after they started banging, even though she was obviously inexperienced and unqualified. But some people might not see that as a problem... Not judging just truth.

[Jared Michael @Jareds1999]

@Trade_1079 @tradingchik My thoughts exactly after I first read her post... Double negative equals a positive, logically speaking.

[Jared Michael @Jareds1999]

@Emmonspired @Tradeit7 Which prop firm was this? So I know to avoid them in the future....

[Jared Michael @Jareds1999]

@brackenshield @WomenBeingAwful There's a difference between getting laid and dating for a serious relationship. There's a difference in the type of woman that you can do this with successfully. Looks at the stats on divorce as related to female body count. Speaks loud and clear.

[Jared Michael @Jareds1999]

@Emmonspired And be warned, most docs have a hard time handling independent thinkers. They don't know how to react when you don't blindly trust everything they say, or have the temerity to ask too many questions, haha.

[Jared Michael @Jareds1999]

@Emmonspired Going through something similar. I'm not gonna die tomorrow most likely, but need to start paying attention...

[Jared Michael @Jareds1999]

@Emmonspired I really enjoy the "real life" side of being a rideshare driver and similar jobs. I like to think I'd still do it if I won the lottery. It keeps me grounded and connected.

[Jared Michael @Jareds1999]

@Emmonspired @shmigoanon Cassandra's curse.

[Jared Michael @Jareds1999]

@Emmonspired Yup. Especially in Vegas, with tips. Driving people is better than delivering food. Don't drive at night, and make surprisingly good money. Enough to easily pay the bills, but it all feels so tenuous. Not a "forever" solution to financial survival. So, trying to learn trading!

[Jared Michael @Jareds1999]

@ZssBecker I'm assuming good slow form for 4 to 5 sets is to failure... Or almost there. One or 2 reps shy maybe.

[Jared Michael @Jareds1999]

@Emmonspired @SwingPony @elonmusk Hahaha

[Jared Michael @Jareds1999]

@Emmonspired Kinda like that cigarette, the cleanup is annoying but the ride is worth it.

[Jared Michael @Jareds1999]

@Emmonspired My fat white Chihuahua gets hair all over my black interior. Freaking annoying. She's not a good cruising companion either. Haha. Not nearly as studly as Baelish.