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@satmojoe
@Tom_Slater_ The reason Gary still posts stuff like this is because his whole grift is to appeal to emotion
Financially illiterate lefties will see him as a freedom fighter standing up for the little guy, and won't give any extended thought to the counter arguments that are put to him
@Tom_Slater_ The reason Gary still posts stuff like this is because his whole grift is to appeal to emotion
Financially illiterate lefties will see him as a freedom fighter standing up for the little guy, and won't give any extended thought to the counter arguments that are put to him
Gary Stevenson is a wizard when it comes to the art of deception. There's no way he doesn't realise how stupid what he is saying is when you drill down into it, given he muddles up very basic, simple economic concepts
Here Gary is claiming that because the super wealthy are growing their wealth by 40-50% per year, in an economy that is only growing by 1-2% a year, then everyone else in that economy has to be losing wealth every year.
At face value it makes sense - 40%>1%
Except an increase in Elon Musk's wealth, mostly measured in the value of his stocks and investments, which are in multinational companies, has no direct relationship with US GDP, which is a measure of new economic output. If his wealth on paper increases from $1 trillion to $1.5 trillion, that is an increase in total wealth - it hasn't been transferred or taken from anywhere else. It doesn't leave less for everyone else.
What Gary is implying is that of 2% US GDP growth, Elon Musk is personally taking about $500 billion of it. That would require Musk to entirely and solely have produced $500 billion worth of economic output himself, without using any one else to produce those goods, with all of the proceeds going to him through income from sales exclusively in the US. Even if that was the case, total GDP growth in the US is still higher per year than $500 billion, meaning that the population would still be getting richer, even if at a slower rate than Musk
Asset appreciation =/= GDP growth
This is because the anti-capitalist left is not actually against people being crazy rich. They're against certain types of people being crazy rich.
Artists and athletes make sense to them because they've played music and sports and because their success can be explained by "luck" and "talent". Messi's wealth is not offensive to them because they understand Messi is much better at football than they are.
But when it comes to business, the anti-capitalist leftist has no framework for understanding why Jeff Bezos might be super rich since 99% of them have never ever created a product, business or service that was of value to other people. They've never taken entrepreneurial risk. They've never employed people and felt the burden of responsibility that comes with that. They've never pick up a business and given it a play in the way they've picked up a ball or a guitar.
They *literally* don't understand wealth creation. They think there is a fixed amount of money and the only thing a business does is split it unfairly.
It's why they rage at Elon and other successful business leaders. Because they genuinely don't understand why they're wealthy.
Also, and this is just as important, athletes and artists are disproportionately young, attractive, "diverse", left wing etc. Business leaders are "evil" middle aged white men whose success offends the average anti-capitalist leftist because they don't understand a) what it is they do and b) that Elon Musk has the same talent advantage on them as Messi does, it's just harder to measure.
@HeartlessRavenx@SteilAlex@MolitorisNick Because the US isn't a traditionally footballing nation & despite it being the biggest sport in 90% of countries it still in the US. Your stadiums are great, but the consensus among English fans is still largely that this is a shit WC. It's not personal & it's not arrogance.
Our risk-averse / dominant rotation strategy has handled this market so amazingly, exactly how it was built to.
Crypto has seen some ugly drawdowns over the past few weeks. Most over optimised and less robust strategies would have chopped themselves to pieces by now, jumping out, back in, then out again multiple times. I've seen them everywhere.
This system is slower by design, working on the weekly and not the daily.
That patience of the system is the edge.
The idea is simple:
If the market is still oversold or undervalued, it does not rush to remove exposure. Instead, it rotates into the strongest major asset at the time using our dominant asset rotation model.
Recently, that asset has clearly been hyperliquid:native .
While influencers like Arthur Hayes were screaming about HYPE one week and dumping on their followers the next, the system saw no reason to leave. It stayed locked in.
Today hyperliquid:native is once again pushing towards all-time highs.
Will it close here? Maybe not. But the point is having a system that can sit through noise when strength is still there. In situations like the past few weeks, it's REALLY tough to know what to do. Even I was feeling a little lost, I have a lot of money in my portfolio and you don't want to see it going down.
But your feelings on the market will never be a match for a good, robust system. A system will beat your decision marking nine times out of ten. And, will help control your emotions
The slow moving system is the one winning right now.
Let systems guide your investing, not your feelings.
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A Restore Britain Government will aim to prosecute officials and politicians who knowingly placed dangerous third world savages in our communities.
This will apply retrospectively.
A great number of people will go to prison for what has been inflicted on our communities.