Genius Gemenius

Decentralised renaissance man

[Genius Gemenius @GALEVIG]

@MNReitan Sjela til ungdommen

[Genius Gemenius @GALEVIG]

@BillyM2k Laika

[Felix Nikolas Prehn 🐶 @felixprehn]

Bank of America just dropped a massive warning: we're in a bubble bigger than the dot-com crash.

38% of the S&P 500 is concentrated in just 10 companies. PE ratios hit 27x vs 25x in 2000.

Here's the full picture & how you can take advantage of this upcoming rally:

[Genius Gemenius @GALEVIG]

@felixprehn RULES

[Genius Gemenius @GALEVIG]

Just read your Football sports betting rules, apparently you use Opta as your source which confuses me more. As Opta clearly disagrees with you and have credited Ødegaards assist

https://t.co/v6ZyVBo39x

[Genius Gemenius @GALEVIG]

Hey @betway / @BetwaySupport
I’m curious to know why you don’t acknowledge Martin Ødegaard’s assist against Italy when the rest of world are.

Tried emailing, help pages and your chat bot with no success.

Please make it right

[Genius Gemenius @GALEVIG]

https://t.co/gpU6gF6efE

[Genius Gemenius @GALEVIG]

@MattBraynard @tiderpenger 🫠

[Genius Gemenius @GALEVIG]

@thejoshad @KShishath Wrong! Sørloth have only received three yellow cards and the one match ban is given after five yellow cards is received.

[Genius Gemenius @GALEVIG]

@ChrisColorblind @elonmusk

[Genius Gemenius @GALEVIG]

@ChrisColorblind @elonmusk No results in yet! Metz have declared win based on exit polls only 🙃

[Genius Gemenius @GALEVIG]

@alexyoukn @HashAI_Eth Well.. i though i was getting help but as i’m obviously a big idiot i now also have an empty Uniswap wallet 🙃 Well played to the scammer for ripping this plebus maxiums off 👏

[Genius Gemenius @GALEVIG]

Hey @HashAI_Eth

Can you please explain to me how my staking pool earnings and deposit balance is nullified?

I joined the very first staking pool (April 5th) with close to 160k Hashai. And last time I checked my staking pool earnings it said 0.0011 ETH.

#hashai

[Genius Gemenius @GALEVIG]

@espenblaker Vet du hvorfor byttet han ut Joe Mayo? Det samarbeidet så jo ut til å fungere ekstremt bra

[Genius Gemenius @GALEVIG]

#rebelup 💪 @enur72

[Genius Gemenius @GALEVIG]

@Mike_kim714 The mental aspect of tour golfing. E.g mental training, preparation and on course hacks. And it would be great fun to hear about any mental battles between players and inside flights during tournaments.

[Rune Østgård @enur72]

Today I will explain one of the most powerful graphs you will ever see in your whole life.

But before we look at the graph, I can mention that about 60% of Americans invest in stocks and about 50% of Norwegians invest in securities funds.

Few know that the value of their investments in stocks isn't able to keep pace with the money's reduction in purchasing power over a longer period of time, when measured against all types of economic goods.

The reason is that few understand the effect of monetary policy and that their investments compete with an inflation of the money supply which is roughly on average 7% per year, both in the US and in Norway.

The red line in the graph refers to the official M2 money supply (Norwegian kroner).

The dark blue line is the Oslo Stock Exchange's main index. This includes dividends paid to the shareholders.

As you can see the stock index isn't able to keep up with the rate of the money printing.

You get about the same results with USD and the S&P 500 index.

The dark blue line isn't adjusted for capital gains tax. The more money that is printed, the more the price of the stocks will rise and the more you will have to pay in capital gains tax.

Neither is it adjusted for management fees. Investopedia says that "Management fees can range from as low as 0.10% to more than 2%".

When you take capital gains tax and management costs into account, it's very, very few who can beat the 7% rate of increase in the money supply.

That's why professional traders "gear" their stock investments by borrowing money so they can double or triple the investment and their profits, as they go in and out of stocks.

Access to cheap credit and understanding how the stock market works makes it possible for them to beat the index.

It's the same with large corporations who invest in real estate, factories and other forms of capital. They use cheap credit to make a profit.

The yellow line is the price of physical gold. It has performed just slightly below stocks. When you take into account that the risk associated with buying gold is lower than the risk associated with buying stocks, it looks like gold has been a better investment than stocks.

Many people believe they are saving when they buy a house that they can live in. The green line shows that the nominal price of average homes in Norway cannot at all keep up with the rate of money printing. Norwegian households are more indebted than in any other countries, because they have bought into the idea that buying a house is saving, which it in general clearly isn't.

The light blue line at the bottom of the graph is CPI, the Consumer Price Index. This is important, because wages are adjusted by CPI, give or take a few percentage points. The devopment of wages is far, far lower than the rate of money printing as well as the stock market index, gold and homes. This means, for instance, that buying a home becomes more and more costly for wage earners as time goes by.

But this is how the monetary policy works. The few who gain from money printing have to make someone pay for it. And this group is the wage earners, ordinary workers like you and me.

Roughly speaking it's the government and the wealthiest 1% of the people who benefit from the money printing. A few more manage to preserve the value of their savings by taking risks and investing their earnings in securities.

The overwhelming majority lose out. We are the ones who finance what the 1-percenters and the government earns from the system.

This is also what explains the ever increasing wealth gap and concentration of economic resources on fewer and fewer hands.

Without this redistributive effect, the government wouldn't bother to have a monetary policy based on inflating the money supply.

Perhaps you now begin to understand that it's no coincidence that those who wake up to this reality become interested in gold and #Bitcoin

[Genius Gemenius @GALEVIG]

@enur72 Verdens navle!

[Genius Gemenius @GALEVIG]

CLUBS!

[Michael S. Kim @Mike_kim714]

100k followers!! Thankful to see so many people enjoy my tweets. Like and/retweet this post for a giveaway of some of my older clubs or swing video analysis.

MUST be a follower to win. Comment on what you might want.

I’ll announce some winners tomorrow good luck!

[Genius Gemenius @GALEVIG]

@LarsUllern86 @espenblaker Joseph Mayo The Trackman Maestro