Become a Patron!

Spread this information!

kross8

Silver Contributor
Member For 4 Years
These are the states with the highest tobacco debt! Could it be coincidental that these states are the same ones implementing vape bans? :cuss:


https://projects.propublica.org/graphics/tbcbonds-statemap


Spread this information!
That's been talked about elsewhere. Our politicians aren't bright enough to tax vape at same level.

Course it is interesting vape is the hot topic,,, but the media not saying anything about the bond markets,,, brokers are changing to FREE trading! Yea me!
 

MyMagicMist

Diamond Contributor
ECF Refugee
Member For 5 Years
Course it is interesting vape is the hot topic,,, but the media not saying anything about the bond markets,,, brokers are changing to FREE trading! Yea me!

"Will you look there, Wilbur? There's an Easter egg if I ever saw one," said Verne to Wilbur one fine day. Wilbur shrugged and went on not realizing Verne would take advantage of this Easter egg to create a nest egg for them twenty years from now. It would be then Wilbur would ask, "what do you mean, Verne?" Wilbur was always slow on the uptake like that.

This was not his fault, no, being born Southern in the U.S. of A was not Wilbur or Verne's fault. The pair had grown up in murky swamps, dusty towns and rough neck bars doing all manner of odd jobs. Often it paid better dividends for Wilbur, the brighter of the two, to remain slow and be seen as a dullard. Verne knew this about his friend and always looked out for him.

"I tell you, Wilbur, one day we are going to go eat that pie in the sky," Verne told Wilbur. Wilbur grunted and snorted, pointed to the window just over his head. He slung his hands down to give Verne a boost. Verne hopped into his buddy's hands, felt himself lifted up to Wilbur's shoulder level and shimmied over to the window bumping it open. "Be a minute," he said as he disappeared into the building through the window. Wilbur sighed, searched his jean pockets and found a mod with an atty on it, took it out and took a healthy draw.

Verne opened the front door as he exhaled the vapor into the building while slipping in. They would have a good haul tonight, Verne had already located the safe and cleared everything away. "Get to work," Wilbur said in a low whiskey over leather and gravel voice that seemed to freeze in the air an inch from his face. He took his jacket off and spread it on the floor, seeming to unroll it. His tools glistened in their pockets. Wilbur ran nimble fingers over the files, Verne smiled brightly into the darkness of the room. "Be a minute," Wilbur said as Verne turned to go do "the walk".
 
Last edited:

kross8

Silver Contributor
Member For 4 Years
"Will you look there, Wilbur? There's an Easter egg if I ever saw one," said Verne to Wilbur one fine day. Wilbur shrugged and went on not realizing Verne would take advantage of this Easter egg to create a nest egg for them twenty years from now. It would be then Wilbur would ask, "what do you mean, Verne?"
You remember all that cooking the books of 2008 at banks,,, market took a beating last week on a rinse cycle,,, in a nutshell Basel II & Basel III are more like a suggestion or a goal but not a practice-again
 

kross8

Silver Contributor
Member For 4 Years
"Will you look there, Wilbur? There's an Easter egg if I ever saw one," said Verne to Wilbur one fine day. Wilbur shrugged and went on not realizing Verne would take advantage of this Easter egg to create a nest egg for them twenty years from now. It would be then Wilbur would ask, "what do you mean, Verne?" Wilbur was always slow on the uptake like that.

This was not his fault, no, being born Southern in the U.S. of A was not Wilbur or Verne's fault. The pair had grown up in murky swamps, dusty towns and rough neck bars doing all manner of odd jobs. Often it paid better dividends for Wilbur, the brighter of the two, to remain slow and be seen as a dullard. Verne knew this about his friend and always looked out for him.

"I tell you, Wilbur, one day we are going to go eat that pie in the sky," Verne told Wilbur. Wilbur grunted and snorted, pointed to the window just over his head. He slung his hands down to give Verne a boost. Verne hopped into his buddy's hands, felt himself lifted up to Wilbur's shoulder level and shimmied over to the window bumping it open. "Be a minute," he said as he disappeared into the building through the window. Wilbur sighed, searched his jean pockets and found a mod with an atty on it, took it out and took a healthy draw.

Verne opened the front door as he exhaled the vapor into the building while slipping in. They would have a good haul tonight, Verne had already located the safe and cleared everything away. "Get to work," Wilbur said in a low whiskey over leather and gravel voice that seemed to freeze in the air an inch from his face. He took his jacket off and spread it on the floor, seeming to unroll it. His tools glistened in their pockets. Wilbur ran nimble fingers over the files, Verne smiled brightly into the darkness of the room. "Be a minute," Wilbur said as Verne turned to go do "the walk".
You're a very good writer :)
 

MyMagicMist

Diamond Contributor
ECF Refugee
Member For 5 Years
You remember all that cooking the books of 2008 at banks,,, market took a beating last week on a rinse cycle,,, in a nutshell Basel II & Basel III are more like a suggestion or a goal but not a practice-again

I do recall all the "creative bookkeeping" that went on. I figured the "market" had stalled out, or done a "correction" within the recent past. Hm, good beating once in a while used to be a "good" thing. It let the failing, fail with grace and the surviving keep on going. Ah, looking up your accords here, they read as rather interesting even for a dumb hick like me.

From BaseII accordingly to Wikipedia:

The final version aims at:

  1. Ensuring that capital allocation is more risk-sensitive;
  2. Enhance disclosure requirements which would allow market participants to assess the capital adequacy of an institution;
  3. Ensuring that credit risk, operational risk and market risk are quantified based on data and formal techniques;
  4. Attempting to align economic and regulatory capital more closely to reduce the scope for regulatory arbitrage.

This seems to read as to being actuary basic operations policy. Ooops, no I know nothing regarding that, nothing at all. No, my grandmother never taught me to insure a basket of eggs, nope not once. :) In sort I gather it to be saying in rough layman's terms, "keep your capital liquid and keep access, reporting clear". I can see that as being something to do as "best practice", it avoids anyone getting caught "with fingers in the cookie jar" as it were. It also allows for being fluid, adaptable to risk/s.

Basell III

Furthermore, Basel III introduced two additional capital buffers:

  • A mandatory "capital conservation buffer", equivalent to 2.5% of risk-weighted assets. Considering the 4.5% CET1 capital ratio required, banks have to hold a total of 7% CET1 capital ratio, from 2019 onwards.
  • A "discretionary counter-cyclical buffer", allowing national regulators to require up to an additional 2.5% of capital during periods of high credit growth. The level of this buffer ranges between 0% and 2.5% of RWA and must be met by CET1 capital.

Ah, then this goes on to further account for risk assessment. It increases the rate added to the rate that is normally held out against regulatory fluctuation. So the "money organization/entity" can be sure they are covered more fully in case of risks as credit keeps growing. So if a bank for example usually floats $10,000 let's keep it simple, 7% of that is held out as reserve to mitigate risks. That then means the bank comes "out of pocket" (which I know is false) $7,000 to protect that $10,000 credit line.

Yes indeed interesting stuff knowing these are not the "best practice" currently. Would that I be an evil person, tsk. Well I best naught think on this too much given my bit of a story starter here seems bent towards some form of villainous pretext involving robbery of some kind. Damn! I need to quit tunning into the Old Time Pulp E.S.P.N channel (Extra Sensory Perception Network). Seems like I get really great ideas for stories then read a news story involving some aspect of what I'm doing in a story. It's like "THEY" know, or maybe they are suggesting these plans to me? Hmmmm.
 

MyMagicMist

Diamond Contributor
ECF Refugee
Member For 5 Years
You're a very good writer :)

I can do better. Not sure exactly why I do not. Know a portion of it is lack of self discipline, then, getting side tracked by life. That happens though to everyone. No, not an excuse. Well everyone but Koontz, who vanishes for two years into a bunker.
 

kross8

Silver Contributor
Member For 4 Years
I do recall all the "creative bookkeeping" that went on. I figured the "market" had stalled out, or done a "correction" within the recent past. Hm, good beating once in a while used to be a "good" thing. It let the failing, fail with grace and the surviving keep on going. Ah, looking up your accords here, they read as rather interesting even for a dumb hick like me.

From BaseII accordingly to Wikipedia:



This seems to read as to being actuary basic operations policy. Ooops, no I know nothing regarding that, nothing at all. No, my grandmother never taught me to insure a basket of eggs, nope not once. :) In sort I gather it to be saying in rough layman's terms, "keep your capital liquid and keep access, reporting clear". I can see that as being something to do as "best practice", it avoids anyone getting caught "with fingers in the cookie jar" as it were. It also allows for being fluid, adaptable to risk/s.

Basell III



Ah, then this goes on to further account for risk assessment. It increases the rate added to the rate that is normally held out against regulatory fluctuation. So the "money organization/entity" can be sure they are covered more fully in case of risks as credit keeps growing. So if a bank for example usually floats $10,000 let's keep it simple, 7% of that is held out as reserve to mitigate risks. That then means the bank comes "out of pocket" (which I know is false) $7,000 to protect that $10,000 credit line.

Yes indeed interesting stuff knowing these are not the "best practice" currently. Would that I be an evil person, tsk. Well I best naught think on this too much given my bit of a story starter here seems bent towards some form of villainous pretext involving robbery of some kind. Damn! I need to quit tunning into the Old Time Pulp E.S.P.N channel (Extra Sensory Perception Network). Seems like I get really great ideas for stories then read a news story involving some aspect of what I'm doing in a story. It's like "THEY" know, or maybe they are suggesting these plans to me? Hmmmm.
I'm impressed you looked it up and read it! Most traders wont,,we tried to warn them in 2007+2008,, they refused to learn,,, so we put their $$$ in our pockets.

I try a simple thought for newbies,,,,how long does it take you to climb a mountain? And how long does it take to fall off the mountain to the starting point,,, turns out gravity is very fast,,, much faster than climbing. Only 2%of the trading population has the skill to do very well in a collapse,,, the bulls are so addicted to cheap money they haven't learned any other skills...

So what happens when money really is free? Then there is nothing left to buy. Current griping about house prices at low rates for years is another problem,,, 20years ago we built a mcmansion on a lake $125k,,, that house sold again a couple years ago for near $1m,,, which is dumb because its time for repairs & upgrades. (+ The dam broke on the lake & emptied the lake into the neighboring lake!)

Edit,,, just to put another wrinkle in your brain & in the story,, everything you said is correct as ,, well lets call it "level#2",,,, you see level#1 is most important,,, the markets can float debt/loans endlessly,,, but the real problem is joe6pack's paycheck,,, he gets paid $1000,,, its usually digitally deposited,,, banks only figures J6P will only ever need $100 cash what happens when J6P needs $10,000 out of his savings that was funded from his paycheck? Well they make it hard,, make him sign forms,, make him beg. A couple weeks ago a bank in Utah didn't have any cash on hand,, staffer runs around collecting cash from neighbor banks,,, everything worked out,,, not the kind of stuff you see on news,,, more like info that trickles down. Basically,,, that was a "run on a bank". When people want their money in cash
 
Last edited:

kross8

Silver Contributor
Member For 4 Years
Fwiw, for the foreseeable future,, every end of quarter, the market will be cranky,, right now all banks are "washing" bad loans off the official records,,, then using the free money to buy the loans back cuz they have to,, for the new quarter. Free $$from the fed,,,but loan shark rates for the guy holding the crap for a couple of weeks,, hoping nobody files bankruptcy
 

MyMagicMist

Diamond Contributor
ECF Refugee
Member For 5 Years
Edit,,, just to put another wrinkle in your brain & in the story,, everything you said is correct as ,, well lets call it "level#2",,,, you see level#1 is most important,,, the markets can float debt/loans endlessly,,, but the real problem is joe6pack's paycheck,,, he gets paid $1000,,, its usually digitally deposited,,, banks only figures J6P will only ever need $100 cash what happens when J6P needs $10,000 out of his savings that was funded from his paycheck? Well they make it hard,, make him sign forms,, make him beg. A couple weeks ago a bank in Utah didn't have any cash on hand,, staffer runs around collecting cash from neighbor banks,,, everything worked out,,, not the kind of stuff you see on news,,, more like info that trickles down. Basically,,, that was a "run on a bank". When people want their money in cash
Fwiw, for the foreseeable future,, every end of quarter, the market will be cranky,, right now all banks are "washing" bad loans off the official records,,, then using the free money to buy the loans back cuz they have to,, for the new quarter. Free $$from the fed,,,but loan shark rates for the guy holding the crap for a couple of weeks,, hoping nobody files bankruptcy

Level three then is that "free money" which comes from tax payers who are bailing out the banks that are being ran on. So they offset by dumping bad loans/risk so as to get more money to leverage what? More risk of course.

"Let's keep this fractal loaning and compounding interest ponzi scheme going, never gets old besides we keep profiting."

Meanwhile, there will be insolvencies, people will go bankrupt. The banks "floating" them won't pay for that, no, they shifted that to loan sharks. The loan sharks have to take what the bankruptcy courts give, or nothing. Which does not seem to make sense to me, there's always loan sharks, when it seems they would learn there's no profit for them. I suppose the quick sell off profit if they use the debts as derivatives, yet even that seems not to hold profit.

"When sit down to play poker count on a few things. The house already knows the cut. The house can call any time, even if it forces player loses. You'll not beat the house unless it chooses you do to string everyone along."

Seems to me banks are running as houses. Even brick burns. Good mix of kerosene, diesel, gasoline does nice to get a good fire going. Debt is kerosene because it drys People out, taxes are diesel because everyone thinks they do something they don't, greed is gasoline because it can never be sated with water and there is so much of it.

Shall I raise Nero, giving him a lovely violin to play? Difficult to not see that "hanging out there". Bah! Such "doom & gloom" isn't good to consider prior to racking out. Can say though, seeing all this it's no wonder then I have difficulty locating decent work. Again, not an excuse but it sure helps offer a bit more understanding of the situation broadly.

Yes, I read and learn, ... sometimes. :) Other times if I read more than three minutes I pass out. Used to read ravenously. Got of the habit, got into being a doe not a thinker. Though, always a thinker, just nature of me. Try to stay balanced, life seems to move on better that way.

There was park in VA we visited on a school trip once. A sixty foot rock face wall had been setup as a climbing practice. We did it bare hand with only a safety line. It was something to do. Not sure I cared to do it, nor didn't care. Understand though the metaphor of climbing mountains. It is like eating elephants. :)
 

kross8

Silver Contributor
Member For 4 Years
Level three then is that "free money" which comes from tax payers who are bailing out the banks that are being ran on. So they offset by dumping bad loans/risk so as to get more money to leverage what? More risk of course.

"Let's keep this fractal loaning and compounding interest ponzi scheme going, never gets old besides we keep profiting."

Meanwhile, there will be insolvencies, people will go bankrupt. The banks "floating" them won't pay for that, no, they shifted that to loan sharks. The loan sharks have to take what the bankruptcy courts give, or nothing. Which does not seem to make sense to me, there's always loan sharks, when it seems they would learn there's no profit for them. I suppose the quick sell off profit if they use the debts as derivatives, yet even that seems not to hold profit.

"When sit down to play poker count on a few things. The house already knows the cut. The house can call any time, even if it forces player loses. You'll not beat the house unless it chooses you do to string everyone along."

Seems to me banks are running as houses. Even brick burns. Good mix of kerosene, diesel, gasoline does nice to get a good fire going. Debt is kerosene because it drys People out, taxes are diesel because everyone thinks they do something they don't, greed is gasoline because it can never be sated with water and there is so much of it.

Shall I raise Nero, giving him a lovely violin to play? Difficult to not see that "hanging out there". Bah! Such "doom & gloom" isn't good to consider prior to racking out. Can say though, seeing all this it's no wonder then I have difficulty locating decent work. Again, not an excuse but it sure helps offer a bit more understanding of the situation broadly.

Yes, I read and learn, ... sometimes. :) Other times if I read more than three minutes I pass out. Used to read ravenously. Got of the habit, got into being a doe not a thinker. Though, always a thinker, just nature of me. Try to stay balanced, life seems to move on better that way.

There was park in VA we visited on a school trip once. A sixty foot rock face wall had been setup as a climbing practice. We did it bare hand with only a safety line. It was something to do. Not sure I cared to do it, nor didn't care. Understand though the metaphor of climbing mountains. It is like eating elephants. :)
Very much appreciate our conversation I had with you tonight,,,. I live in a semi isolated world,,, not many traders near me,,, traders on the web mostly focused on what they can scalp first thing tomorrow morning. Then there is vaping,,, there too I have very little exposure to others except on sites like this one. Sure I have lots of nice friends,, but we share no common interests,,,, and there is only so many memes/religious thoughts they share that I can tolerate. - they would go into shock if they knew I dont share their beliefs.

Anyway,, you made my brain feel better today-thank you!

-sleep well ;)
 

MyMagicMist

Diamond Contributor
ECF Refugee
Member For 5 Years
Very much appreciate our conversation I had with you tonight,,,. I live in a semi isolated world,,, not many traders near me,,, traders on the web mostly focused on what they can scalp first thing tomorrow morning. Then there is vaping,,, there too I have very little exposure to others except on sites like this one. Sure I have lots of nice friends,, but we share no common interests,,,, and there is only so many memes/religious thoughts they share that I can tolerate. - they would go into shock if they knew I dont share their beliefs.

Anyway,, you made my brain feel better today-thank you!

-sleep well ;)

Well, it is good I do not trade. Sure, I might trade a fish for beans. I do not do anything with what is called stocks though.

Can comprehend the basics of it. Can understand how it might possibly offer some benefit. For me, it seems that is all geared toward serving money. I can admit that money might help us to live a little better. I do not and will not serve money.

Suppose that is something religious inside despite the Agnosticism. Not sure. Then, I hear we Agnostics are not sure of much. :) Will remain on my little fence here, at least to me it is the most honest seeming way to believe.

It takes so little for each of us to stop a minute, listen, learn if need be, try understanding one another. I'm glad your brain feels better. Hope I didn't wash it too long. :)
 

kross8

Silver Contributor
Member For 4 Years
Well, it is good I do not trade. Sure, I might trade a fish for beans. I do not do anything with what is called stocks though.

Can comprehend the basics of it. Can understand how it might possibly offer some benefit. For me, it seems that is all geared toward serving money. I can admit that money might help us to live a little better. I do not and will not serve money.

Suppose that is something religious inside despite the Agnosticism. Not sure. Then, I hear we Agnostics are not sure of much. :) Will remain on my little fence here, at least to me it is the most honest seeming way to believe.

It takes so little for each of us to stop a minute, listen, learn if need be, try understanding one another. I'm glad your brain feels better. Hope I didn't wash it too long. :)
Interesting video,, found it by accident. Of course the target audience is much younger than me,, but I gotta say I like his message &he speaks/sings clearly,,, no muffled message as if he is not committed to the message as most rappers are

 

MyMagicMist

Diamond Contributor
ECF Refugee
Member For 5 Years
Interesting video,, found it by accident. Of course the target audience is much younger than me,, but I gotta say I like his message &he speaks/sings clearly,,, no muffled message as if he is not committed to the message as most rappers are


Interesting, makes a demon of the Illuminati. Know there are evil among what is called Illuminati. Know too there are some who are called Illuminati that are good. Seems they too the same as all walks of life are divided as such, betwixt good and evil.

I believe similar to Neil Pert, we need a balance of both. Because with only one does it not equate to all evil anyway? How would one know Light without Darkness? Would it not be evil to never know evil? You would then be at liberty to do anything, and all the while it would be good even if truly evil. Conversely, the inverse holds as True. Ergo there is Need of both in Balance to create the Whole.
 

VU Sponsors

Top