Evan Howe
109 posts
@latestinspace And a bird and tire tracks… but I suppose mars has rover tracks as well… so the bird it is!
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@dehowe Mars has clouds too!, but yes that's correct (:
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@JackPosobiec @ScottAdamsSays thoughts and banter. The dude has always been approachable, personal and an icon. Thanks for being part of my life journey Scott! 3/3
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@JackPosobiec @ScottAdamsSays Most people didn't even know what that @ symbol was about. We thought hmmm I wonder and tossed an email into the ether... and within a few minutes Scott replied, with humor and intrigue. Connecting two unknown people (not bots) and sharing... 2/3
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Folks!
Post your favorite story about @ScottAdamsSays or something about his show or books or comics etc that had a positive effect on your life, could be a reframe, could be anything
Let's go:
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@palikaras Literal masterclass in market structure! Bookmark and reference for all future reviews and be sure to tag this reference as a mic drop! Thank you @palikaras
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You are getting a little repetitive now (still in denial, I get it!).
This isn’t misdirection my Libertarian friend, it’s market structure 101. So here is my final attempt:
You’re STILL describing the transfer agent’s ledger, which tracks legal shares.
I explained THAT has nothing to do with the economic exposure created in modern markets.
so let’s go point by point:
You: “Transfer agents reconcile the share count each day”
YA WE KNOW! Correct, but irrelevant!
Transfer agents reconcile:
1. issued shares
2. registered holders
3. book-entry movements
They do not reconcile:
•internalized trades
•dark-pool matches
•swap-based exposure
•CFDs
•ex-clearing fails
•CNS netted obligations
•option-market-maker synthetic longs
•rehypothecation chains
NONE of that EVER touches the TA.
Even the SEC and FINRA explicitly state the TA sees ONLY the legal float, not economic activity.
YOU: “There can be no unreconciled imbalances”
This is factually FALSE. What kind of bubble do you live in?
Regulators themselves acknowledge:
•Fails do persist (Reg SHO)!
•Rolling FTDs are allowed!
•Synthetic long/short offsets exist!
•Internalization prevents reconciliation across venues!
•Dark pools do NOT update the lit order book!
•CNS nets positions without share delivery!
If imbalances were impossible, we WOULD NOT have:
•Threshold lists
•Buy-ins
•Special settlements
•400% short interest events (you know the stocks)
•Multi-year FTDs
•Large-scale share recalls
The historical record contradicts your claim.
YOU: “Synthetic shares that don’t touch the primary market can’t affect price”
Here’s the news flash that… my Libertarian friend is Economically impossible!
This shows your misunderstanding of price discovery mechanics.
Off-exchange trading ABSOLUTELY affects price because:
1. internalizers peg fills to NBBO (say what?)
2. dark pools use midpoint pricing (oh snap!)
3. ATS executions contribute to benchmark prices (holly freak!!)
4. derivatives bleed into spot via hedging (oh oh!)
5. arbitrage normalizes prices between venues (no, no, no!)
6. ETF market-making links basket components (yours bids at VIRTU, CITADEL etc)
7. futures and swaps push the underlying (those SoBs!)
You’re quoting the transfer agent handbook.
I’m quoting the SEC.
This isn’t theory, look at the SEC 2022 Market Structure Report (link sec.gov/securities-top…) :
The market-structure analysis makes one thing crystal clear:
When trading migrates off-exchange, the SEC directly states that off-exchange volume “may affect price discovery and the quality of market prices.”
Their words, not mine.
So let’s be adults:
Transfer agents reconcile legal shares.
Price discovery happens in the market, not in the registrar’s spreadsheet.
If you still think off-exchange activity has “no impact” on price…
take it up with the SEC,
because your argument isn’t with me.
It’s with the regulator you’re pretending to defend.
YOU: “People like you never have tangible data.”
Then YOU my Libertarian friend, simply haven’t looked.
The data is public:
•FINRA ATS volume reports
•Reg SHO FTD data
•Blue sheet data
•TRACE-equity pilot
•OCC delta-hedging impact
•NSCC CNS mechanics
•SEC dark-pool transparency filings
•Academic microstructure studies
•FINRA 2024 dark-pool transparency initiative
•SEC 2022 Market Structure Report
•DTCC SFT rule filings
•OATS / CAT reporting data
These sources OPENLY acknowledge:
•synthetic exposure
•non-delivery risk
•cross-venue fragmentation
•off-exchange price impact
•rehypothecation feedback loops
This is not fringe.
It is documented, regulated, and studied.
A humble suggestion to all, STOP describing legal share issuance.
START understanding and describing market microstructure.
They are not the same system, and that’s exactly the point MMTLP exposed verifiably acknowledging the need for #Bitcoin IMHO.
A Progressive Libertarian@Tiggersdad2
@palikaras mostly just misdirection. Transfer agents reconcile the share count with each day. There can be no unreconciled imbalances, and if so called “synthetic” shares don’t touch the primary market they can’t affect a stock’s price. That’s why people like you never have tangible data.
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@bennyjohnson I picked rocks walking behind a cart and baled hay. It was the first money I ever made. And the best shape I have ever been in. And I understood what work was.
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@libbyemmons I put up hay for a local farm and hand picked up rocks walking behind the cart… best shape I was ever in and thinking back still one of the best jobs I ever had. In the summer heat waiting for that break to run and dive in the pond!
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My first job was scooping ice cream. What was yours?
Secretary Kennedy@SecKennedy
Happy Labor Day! 🇺🇸 What was your first job?
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True. Simple math.
Even a patch of Spain could power all of Europe with solar.
Peter H. Diamandis, MD@PeterDiamandis
Solar power in the deserts of North Africa is enough to supply forty times the world's electricity demand.
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@FlamesNation @CalgarySurge Basketball is a team sport, so I'd invite my team to be there and take in the expereince to share with thier friends family and followers.
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🚨 CONTEST ALERT 🚨
The Calgary Surge home opener is going down this Sunday at Winsport! To celebrate the occasion we are giving away a courtside, VIP table for 4 to the game!
To enter the contest you will need to:
1. Follow @FlamesNation on X
2. Follow @CalgarySurge on X
3. Comment on this post who you want to bring to the game with you.
We will select a winner on Saturday!

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Thank you Calgary for soaring with us to make history with our inaugural game at home.
Let's do it again this Sunday, May 18th at 3 PM against Montreal.
#WildFC #YYCWFC #SoarWithUs #NSL
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@yycwildfc There's Ollie or Ozzie or Barney... but I think Willy (Willy the Wild) is a fun and worthy.
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@yycwildfc Many chances! More will come.
Great product. Great game! Looking forward to an amazing season and so much more! GO WILD!
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@lexfridman Sometime all the intellect swirls… but the music sets the balance back in place… my choice REM - Everybody Hurts… sing along loud… nobody’s listening… find peace and move forward… thank you for all you do Lex… now move and change the page…
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Feeling lonely. Just one of those nights. I'm sitting outside 7 eleven at 2am like old times, listening to music, trying to figure out what it's all about. Silly brain is stuck feeling low tonight, even though I know life is so fucking beautiful.
These nights make the happy ones that much sweeter. I wouldn't have it any other way. If you're feeling low, hang on, we're in this together.
Love you all ❤️
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I've argued for and supported a ban or forced sale of TikTok since 2018. The argument I made 6 years ago was that if we do not act now, looking at the growth curve, the service will become so popular that lawmakers will find themselves in an impossible position and a ban will never happen
Unfortunately that is exactly what has now happened and now a horrible precedent exists. To any foreign government out there the message is that you are allowed to enter US markets under any pretense, with zero reciprocity for US companies, and as long as you are popular and influential enough the US government and population will go out of its way to facilitate your access
If we are going to go to such extraordinary lengths for a foreign company and government Trump must make a demand of absolute reciprocity. Meta, X, Google, Snapchat, and all other US based technology companies must be allowed total market access in China immediately with zero control by the Chinese Government
Now when the Chinese government inevitably laughs at this demand, ask yourself why. They correctly see Meta, X, Facebook, and Google as instruments of US soft power and as cultural contamination of their civic ideal which undermines their hold on power
We however seem to naively believe we're immune from the same influence and have waited so long to act now that we face terrible choices. The one we've made inevitably means we will have a natural experiment now of what it means to allow a government which actively seeks to undermine our civic institutions with the most powerful known technological tool to do so
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@Timcast While I appreciate the need to support free enterprise, not sure why this has so much attention/distraction… there are many foreign apps not functioning in North America and any sense of inappropriate use of data deserves review (ask Google, FB, X… and Snowden)…
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