The future of the United States includes...

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You're not a successful trader because successful traders can admit when they're wrong.

And my guess is you moved to Canada because they have a much more liberal social welfare net and you couldn't hack it in the U.S.
Quote from Mom0/pH0x:

20-something expatriate trader like me
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I'll point you in the right direction but I don't have the inclination or the responsibility to educate you. Learn about how bank balance sheets work. Loans are carried on the "asset" side, dollar-for-dollar, and when there's a default that's a real loss. I think you might be confused about the reserve requirement which allows leverage but doesn't negate losses.
Quote from Sandybestdog:

Then please explain what is wrong with what I said. If there were real assets being lent, there is no way banks would have ever lent as much as they did. It’s all printed out of thin air.
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You changed your argument here when I proved you wrong and you posted the wrong law on the other thread and I thoroughly discredited you there. It's in all in black and white and no amount of lying or stomping your little feet will change it. You're a total joke :p
Quote from Mom0/pH0x:

LOL i didn't change my argument at all, i've had the same opinion the whole time...

you wouldn't admit you were wrong about marijuana laws when i posted YOU the law...
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P.S. Here's the link to where I showed that you posting the wrong law in that other thread:
http://www.elitetrader.com/vb/showthread.php?s=&postid=2387977#post2387977

And here's what happened to your credibility :p
http://www.elitetrader.com/vb/showthread.php?s=&postid=2388683#post2388683

Apparently you were one of those brats who got trophies even for failing when you were younger.
Quote from Trader666:

You changed your argument here when I proved you wrong and you posted the wrong law on the other thread and I thoroughly discredited you there. It's in all in black and white and no amount of lying or stomping your little feet will change it. You're a total joke :p
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I hate to break it to you little boy but the United States is unmatched for opportunity... there's nowhere else in the world that even comes close. But to take advantage of it one needs to have brains and initiative which you clearly lack.
Quote from Mom0/pH0x:

i don't know, i mean i "could hack it" in america, or mexico, or somolia if i really had to
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ROTFLMAO!!!! I can't believe you're stupid enough to keep insisting you're right about this. Your friend was charged as he was either because he's a jackass like you and he pissed the cops off or he really was distributing. The police and local authorities don't have the authority to change state law you idiot.

The law is clear, 2.2 lbs or less is a misdemeanor:
http://norml.org/index.cfm?wtm_view=&Group_ID=4521

Code of Ala. §13A-12-214. Unlawful possession of marijuana in the second degree

(a) A person commits the crime of unlawful possession of marijuana in the second degree if, except as otherwise authorized, he possesses marijuana for his personal use only.

(b) Unlawful possession of marijuana in the second degree is a Class A misdemeanor.
Quote from Mom0/pH0x:

Section 13A-12-213

Unlawful possession of marihuana in the first degree.

(a) A person commits the crime of unlawful possession of marihuana in the first degree if, except as otherwise authorized:

(1) He possesses marihuana for other than personal use; or

(2) He possesses marihuana for his personal use only after having been previously convicted of unlawful possession of marihuana in the second degree or unlawful possession of marihuana for his personal use only.

(b) Unlawful possession of marihuana in the first degree is a Class C felony.

yes princess and here's the law under which my friend was charged, i know you are slow but well recap, my friend was charged under the above "law" because the cops and local authorities have decided that anything over a quarter ounces MUST be for redistribution.... guess you missed that part....
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There's no contradiction in the law, only in your tiny dysfunctional brain. It definitely can matter if you piss off the cops... your a fool to say it's irrelevant. It shouldn't matter but that's not the real world which you obviously lack experience in.

P.S. your argument morphed in that thread just like it did here... you started out claiming any marijuana possession in AL is a felony. At which time I corrected you and you changed your story, posted the wrong laws and carried on as the same spoiled brat that you are here.
http://www.elitetrader.com/vb/showthread.php?s=&postid=2387199&#post2387199

Quote from Mom0/pH0x:

yes and like many cases in the good old USA princess, the laws contradict each one another... i know you aren't the brightest in the world so i know you might be a bit slow to get that one... this law states that "poss for other than personal use" is poss in first degree and hence a felony... guess who gets to decide whether or not it's for personal use?? i'll give you a hint, it's not the defendant...

and whether or not he pissed the cops off is irrelevant, pissing the cops off is not a crime... that's just another example of how fucked up america is, getting to be more like soviet russia, pissing the cops off gets you the felony, not what you actually did or did not do...you are making my case for me..
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No, YOUR destroyed credibility... I said the U.S. is unmatched for OPPORTUNITY and it unquestionably is. The incarceration rate has absolutely nothing to do with the raw potential to make money here. Honest entrepreneurs and businessmen don't get put in prison, scumbags do which may be why you brought it up. Tell us where there's more raw opportunity than in the United States. Come on...

Quote from Mom0/pH0x:
Quote from Trader666:

I hate to break it to you little boy but the United States is unmatched for opportunity... there's nowhere else in the world that even comes close. But to take advantage of it one needs to have brains and initiative which you clearly lack.
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ROTFLMAO!!!! speaking of destroyed credibility!!! haha, next you are going to be telling us it's "the land of the free" despite having the highest incarceration rate in the world too right? just like most americans who haven't been anywhere other than a 3rd world shithole in the army think that "they are so lucky" and live "in the greatest place in the world", because they haven't traveled or lived anywhere else... lol "unmatched in terms of opportunity" that is just too funny...
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