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You need to live outside the US for a while, just to recognize that your bubble is just that, a bubble.

I see.... So you're still primitive.

I think it's much worse in America because America is in a much worse state of social infrastructure evolution, by choice I might add. It didn't have to be that way if you look at the historically very similar nations of Canada and Australia, where the quality of life for the general population...

That's wishful thinking. There's no study demonstrating that economic equality leads to "happiness". Quite the opposite, I think it leads to petty infighting of the worst kind, with everyone checking on everyone else to ensure they are not more equal than the other. I've seen this behavior...

Btw, it's very rare (if ever) that a revolution is started by the poor who've had enough. The French Revolution certainly wasn't. Urbanization developed the economy which created a bourgeoisie deprived of the privileges reserved for the noble elite to which they could not ascend to. They...

I wouldn't trust PWC to tell you what is correct... I speak from experience.

There are several more in Europe alone. But it's a bit ridiculous to simply focus on capital gains taxation, unless it's just for shits and giggles. Even within the more reasonable countries there are subtleties to consider, such as type -trading or investing, instruments, residency, global...

https://www.nationalgeographic.com/science/article/super-potent-methane-in-atmosphere-oil-gas-drilling-ice-cores

I'm trying to apply this breakout strat to a 3 months historical chart but where are the exit points? Am I to assume that the exit is anywhere between the original entry and the next one? If so, why exit if long persists?

2008 and SVB are very different. In the first, banks and borrowers (among others) were complicit. In this case, only the bank mismanaged its business by failing to anticipate and correct early enough their investments in light of the Fed's repeated interest rate increases. At least SVB cannot...

But it's not. It is the government's role to step in to avoid the collapse of one sector or another of the economy. As for mom and pop banks, I may be wrong but I think these are specific to the US. Other modern countries only have a handful of banks under tight regulations, if not outright...

Dunno, looks to me this shows crypto isn't needed.

The whole podcast is great, but the last 10 mn are relevant to this thread

So, so wrong. These poor states depend heavily on the economic activity provided by these huge military bases and is the reason red state politicians fight anytime there's talk of base closure.

This from Seeking Alpha. Note the date of their investigation... The pic was taken from the great podcast below

Anyone can write anything they want. The problem comes from those who use trash as an argument to make a point.

I don't recommend living in Monaco (I'm familiar with the city state) but being a resident there has clear fiscal advantages. There are other places, like several Caribbean islands, Southeast Asia like Singapore or Malaysia or in Europe like Malta, Switzerland, Luxembourg or even the...

You just win the prize for the stupidest post of the month...congrats!

And apparently he withdrew 2.2M a couple days before the crash

If you're wealthy enough to consider a flat tax of €100k/year a good deal, there are a number of alternative countries around the world that seem more interesting. If I recall correctly, Monaco next door "only" requires buying a flat at minimum €1.5M and open a local bank account with minimum...