TezosMaxi.tez
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TezosMaxi.tez
@MaxiTezos
#tz2K3t9WuYSeTCwEzphvr8Yben5rYA7dPhqN Stacking Mutez
เข้าร่วม Mayıs 2021
1K กำลังติดตาม613 ผู้ติดตาม

“we’ll just roll it forward”
-Lehman Brothers, August 30 2008
shah@shahh
oh boy we might actually be fucked
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🚨 SILVER DOWN 10% IN MINUTES. NOW WE KNOW WHY 📉
That violent 10% candle wasn't retail selling. It was a forced liquidation event.
News confirmed: A major bank blew up its Silver Futures position at 2:00 AM from a missed margin call.
$34B Emergency Fed Injection + Forced Liquidation Algorithm triggered.
When a whale this big gets taken out, the market dumps everything to cover the hole. That’s why we saw the 10% wipeout.


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TezosMaxi.tez รีทวีตแล้ว

TezosMaxi.tez รีทวีตแล้ว

Steak n Shake is announcing the creation of a Strategic Bitcoin Reserve. All payments received in Bitcoin will be placed in our SBR. 🚀
We are donating 210 sats from every Bitcoin meal we sell to Open Sats Initiative, Inc. over the next 12 months. 🧡
Make your Bitcoin Steakburger a delicious bargain when you purchase and register with Fold App — you get $5 in free Bitcoin, and instructions are provided on your receipt. ✅
Thank you, Bitcoiners, for helping change the trajectory of Steak n Shake, with a same-store sales increase of 15% in our most recent quarter — higher than ALL our competitors! 🍔🍟⚡️
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TezosMaxi.tez รีทวีตแล้ว

Actually, obligatory:
Two economists are walking in a forest when they come across a pile of shit.
The first economist says to the other “I’ll pay you $100 to eat that pile of shit.”
The second economist takes the $100 and eats the pile of shit.
They continue walking until they come across a second pile of shit.
The second economist turns to the first and says “I’ll pay you $100 to eat that pile of shit.”
The first economist takes the $100 and eats a pile of shit.
Walking a little more, the first economist looks at the second and says, "You know, I gave you $100 to eat shit, then you gave me back the same $100 to eat shit. I can't help but feel like we both just ate shit for nothing."
"That's not true", responded the second economist. "We increased the GDP by $200!"
Susan Van@SusanVanD
Every dollar spent on food stamps creates $1.50 in economic activity. Only the economically illiterate want to cut food stamps.
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TezosMaxi.tez รีทวีตแล้ว

Imagine moving to another country and after just 2 years of being a citizen, you are working to tear down their statues and monuments.
Zohran Kwame Mamdani@ZohranKMamdani
Take it down.
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TezosMaxi.tez รีทวีตแล้ว

Why is “white” always in lowercase, but Black is uppercase, @nytimes?
The NY Times is deliberate, precise and comprehensive in its anti-White racism.
Douglass Mackey@douglassmackey
NEW YORK TIMES RACIAL HIERARCHY: Crime against Iryna Zarutska was committed by a capital "B" Black man against a lowercase "w" white woman. You are a second-class citizen.
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TezosMaxi.tez รีทวีตแล้ว
TezosMaxi.tez รีทวีตแล้ว
TezosMaxi.tez รีทวีตแล้ว
TezosMaxi.tez รีทวีตแล้ว

Tezos on-chain governance is the most advanced form of governance.
I don’t just mean among blockchains.
I mean it’s the most evolved system of governance that humanity has ever conceived, period. #Tezos
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TezosMaxi.tez รีทวีตแล้ว
TezosMaxi.tez รีทวีตแล้ว
TezosMaxi.tez รีทวีตแล้ว

Ironically, one symptom of deindustrialization is that many commenters have never actually managed a physical business.
So. Suppose your US company imports $1M of high quality parts, and adds in its own components to produce finished goods sold for $1.2M per batch. Your gross profit is $200k per batch.
But wait! Suddenly a new 30% tariff is imposed on that $1M of parts. You now have to fork over $300k to customs before you sell anything. That’s cash you probably don’t have. Oh, and even if you do sell everything, you’re now losing $100k per batch.
With a sinking feeling, you realize your profitable business which you somehow managed to keep in America all these years has suddenly become unprofitable.
You post online about how bad this is but get shouted down by an angry mob, convinced that capitalists like you should die. You can’t tell nowadays if they’re on left or right.
Moreover, you don’t have the time, money, skills, or tools in house to build that $1M of parts yourself. You are being asked to do the equivalent of growing a maple tree when all you needed was a little maple syrup. So now you are faced with several tough choices.
(1) First, you may need to go into debt or fire people to quickly come up with the $300k in cash to pay for these surprise tariffs at customs. Even if the tariff might go away, it might not, so you have to get the cash somehow or risk having your shipment impounded.
(2) Next, you might need to reduce quality to stop losing $100k on each batch. You could order the lower quality $750k parts, grimace and pay 30% tariff at customs, and hope you can build and sell for the same price of $1.2M per batch despite the lower quality.
(3) Alternatively, you could keep the quality parts at $1M and instead raise prices to $1.5M per batch to get back your original margins of $200k per batch, which you need to pay employees after all. But that’s a big hike that your customer will probably not welcome, given that he’s likely dealing with his own tariff shock.
So: these tariffs don’t really give an incentive to build in the US. Because it’s far more expensive to build a screw factory than to pay even high tariffs on a foreign screw.
Instead what they likely mean is debt, layoffs, lower quality, and higher prices for any US company that buys parts abroad.
Just to understand how common that is:

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@PeterSweden7 All of Europe knows that Russia (ie: putin) will not stop with Ukraine. Since trump is spewing thoughts of world domination himself, it has been determined that everyone needs to learn how to fight as if they were military. Good idea.
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