1 dollar binary options - payehuvyva.web.fc2.com

Jewish Telegraphic Agency: "Israel bans a decade-long scam that bilked millions worldwide". Israeli scammers "brought in up to $10 billion a year over the past decade" but no one is going to jail. Surprised?

Link to the article:
https://www.jta.org/2017/10/24/news-opinion/israel-middle-east/israel-bans-a-decade-long-scam-that-bilked-millions-worldwide
Such articles sometimes disappear, but attempts to archive it failed.
Here is a screen shot: https://i.imgur.com/k7YWScx.png
Here is the full text of the article:
(begin quote)
Israel bans a decade-long scam that bilked millions worldwide
By Andrew TobinOctober 24, 2017 11:18am
JERUSALEM (JTA) — Israel’s multibillion-dollar binary options industry, which has scammed millions around the world over the past decade, is out of business.
On Monday, the Knesset unanimously passed a law to ban the industry, with 53 votes in favor and none against. By the time the measure goes into effect in three months, all binary options firms will have to shutter. Individuals who stay involved in the industry will face up to two years in jail.
“We worry about the BDS movement,” Knesset member Rachel Azaria of the Kulanu party said in her introduction to the law. “This industry has a huge impact on how Israel is viewed throughout the world. Our government officials go to international conferences and their colleagues abroad raise their eyebrows because of this industry.”
According to The Times of Israel, whose dogged English-language reporting on binary options pushed officials to take action, the binary options industry in Israel has brought in up to $10 billion a year over the past decade. Hundreds of local companies have defrauded millions of people worldwide.
Only a handful of Israelis have been arrested for binary options fraud, and none have been indicted, even as international law enforcement against the industry has ramped up. In August, Israel Police Superintendent Gabi Biton said Israeli organized crime was being massively enriched and strengthened because of law enforcement’s failure to grasp the scope of the problem.
Binary options are marketed as a financial instrument that can yield big returns fast. The companies’ websites allow clients to place bets on whether a commodity, like a stock or trading index, will increase or decrease in value over a short time period. In most cases, though, clients lose all or nearly all the money they invested because the game is rigged.
Salespeople regularly use false identities and misrepresent their location, credentials and product.
A Hong Kong woman who asked to remain anonymous lost about $10 million to an Israel-based binary options company over the past two years. Aggressive and dishonest salespeople bilked her of her life savings, the unmarried retiree said, as well as millions of dollars lent by family and friends.
“The cost is not just money. I lost my peace of mind. I’m very jumpy. My health has deteriorated,” she told JTA in April. “The burden of having to repay my family is weighing on me every day.”In 2016, responding to The Times of Israel’s work, Israeli leaders began to call for action. In August, Jewish Agency head Natan Sharansky urged the government to shutter the “repugnant, immoral” industry. In October, Prime Minister Benjamin Netanyahu’s office advocated a worldwide ban on its “unscrupulous” practices.
Early this year, the Knesset’s State Control Committee held a series of sessions to discuss how to stop binary options fraud. Soon after, Israel Securities Authority Chairman Shmuel Hauser drafted legislation that would have outlawed not only binary options companies, but also those involved in the foreign exchange market, or Forex, and CFD financial instruments.
Heavy pressure from the binary options industry and lobbyists on its behalf failed to stop passage of the new law, but it was narrowed to leave out the other investments.
Israeli opponents of the industry welcomed the Knesset action.
Yossy Haezrachy, a partner at the Friedman-Haezrachy law firm in Tel Aviv, said the law, though too long in coming, would aid his pursuit of justice for victims of binary options fraud.
“I think it has an effect on the judicial system,” he said. “The passage of the bill shows judges that a major part of this industry in fraudulent.”
However, Austin Smith, the founder of Wealth Recovery International, a company that reclaims money for binary options victims, called the law “total garbage.” He said it left scammers free to shift into new rackets without answering for their past wrongdoing.
“It’s more a political talking point than actually something with teeth that’s going to stop more fraud from being perpetrated,” he said. “It also does nothing to help victims of fraud recover any of their money.”
Smith said he is working with attorneys around the world to track the heads of binary options companies as they open operations in Cyprus and other countries and move into industries like diamond sales, cryptocurrencies and predatory business loans.
(end quote)
Could it be that some stereotypes exist for a reason?
EDIT: Here is a link to an archive of Google News search results on the topic at this time.
https://archive.is/TZfrO
Mostly Israeli and small time investment websites. One story on Reuters, watered down to hide the depth of the fraud.
Nothing in the US MSM.
Despicable.
submitted by AspiringOligarch to conspiracy [link] [comments]

The classic WSB story - lost it all.

Going to keep this simple. EDIT: this isn’t simple and I should write a short story on this.
I am generally risk averse. I hate losing $100 at the casino, I hate paying extra for guac at chipotles, I will return something or price match an item for a few dollars of savings. I am generally frugal.
But, I somehow had no issues losing 10k in options...
How I started
I remember my first trades like they were yesterday. I was trading the first hydrogen run-up in 2014 (FCEL, BLDP, PLUG) and made a few hundred dollars over a couple weeks.
I quickly progressed to penny stocks / biotech binary events and general stock market gambling mid-2014. I was making a few % here and there but the trend was down in total account value. I was the king of buying the peak in run-ups. I managed to make it out of 2014 close to break-even to slightly down.
WSB Era
March 2015 was my first option trade. It was an AXP - American Express - monthly option trade. I saw one of the regular option traders/services post a block of 10,000 calls that had been bought for 1.3 and I followed the trade with 10 call options for a total of $1300.
I woke up the next day to an analyst upgrade on AXP and was up 50% on my position. I was addicted! I day-dreamed for days about my AXP over night success. I think around that time there was some sort of Buffet buyout of Heinz and an option trade that was up a ridiculous amount of %%%. I wanted to hit it BIG.
I came up with the idea that all I needed to reach my goal was a few 100% over night gains/ 1k>2k>4k>8k> etc. I convinced myself that I would have no problems being patient for the exact criteria that I had set and worked on some other trades.
Remember, the first win is always free.
I was trading options pretty regularly from March 2015 until August 2016. During my best week I was up 20k and could feel the milli within reach. I can remember the exact option trade (HTZ) and I was trading weeklies on it.
For those who have been in the market long enough, you will remember the huge drawdown of August 2015.
I lost half my account value on QCOM calls (100 of them) that I followed at the beginning of July and never materialized. I watched them eventually go to 0. It was another 10,000 block that was probably a hedge or sold.
In August 2015 there were some issues with China and all of us woke up to stocks gapping down huge. Unfortunately my idea of buying far dated calls during the following days/weeks after the crash went sideways. I quickly learned that an increase in volatility causes a rise in option prices and I was paying a premium for calls that were going to lose value very quickly (the infamous IV crush).
I kept trading options into the end of 2015 and managed to maintain my account value positive but the trading fees for the year amounted to $30,000+. My broker was loving it.
I tried all the services, all the strategies. I created rules for my option plays: 1. No earnings 2. Only follow the big buys at a discount (10,000 blocks or more). 3. No weekly options 4. Take profit right away 5. Take losses quickly 6. etc.
I had a whole note book of option plays that I was writing down and following. I was paying for option services that all of you know about - remember, they make money on the services and not trading.
I even figured out a loop-hole with my broker: if I didn’t have enough money in my account, I could change my ask price to .01 and then change it to market buy and I would only need to accept a warning ⚠️ for the order to go through. I was able to day trade the option and make money, who cares if I didnt have enough? After a few months of this, I got a call from my broker that told me to stop and that I would be suspended if I continued with this.
By the way, I was always able to satisfy the debit on the account - so it wasn’t an issue of lack of funds.
Lost it all. Started taking money from lines of credits, every penny that I earned and losing it quicker and quicker.
I was a full on gambler but I was convinced that 8 trades would offset all the losses. I kept getting drawn in to the idea that I could hit a homerun and make it out a hero.
I eventually hit rock bottom on some weekly expiring FSLR options that I bought hours before expiration and said to myself - what the f are you doing? I resolved to invest for the long term and stop throwing tendies away.
The feeling was reinforced during the birth of my first born and I thought - what a loser this kid will think of me if he knew how much I was gambling and wasting my life. It was a really powerful moment looking at my kid and reflecting on this idea.
I decided at that point I was going to save every penny I had and invest it on new issues with potential.
Fall 2016
TTD, COUP and NTNX IPO ‘ed I decided I was going to throw every dollar at these and did so for the next few months. I eventually started using margin (up to 215%) and buying these for the next 6 months. They paid out and managed to make it over 100k within the year.
The first 100k was hard but once I crossed it, I never fell below this magic number.
2017 - I did some day trading but it was mostly obsessing over the above issues. I did gamble on a few options here and there but never more than 1k.
2018 - SFIX was my big winner, I bought a gap up in June 2018 and my combined account value had crossed 400k by August 2018. I was really struggling at crossing the 500k account value and experienced 3 x 30-40% drawdowns over the next 2 years before I finally crossed the 500k barrier and have never looked back.
I still made some mistakes over the next few months - AKAO & GSUM come to mind. Both of these resulted in 20k+ losses. Fortunately my winners were much bigger than my losers.
I thought about giving up and moving to index funds - but i was doing well - just experiencing large drawdowns because of leverage.
2019 big winners were CRON SWAV STNE.
2017 / 2018 / 2019 all had six digit capital gains on my tax returns.
At the beginning of 2020 I was still day trading on margin (180-220%) and got a call from my broker that they were tightening up my margin as my account was analyzed by the risk department and deemed too risky. Believe it or not this was right before the covid crash. I brought my margin down to 100-110% of account value and even though the drawdown from covid hit hard, I wasn’t wiped out.
I stayed the course and bought FSLY / RH during the big march drawdown and this resulted in some nice gains over the next few months.
I am constantly changing and testing my investment strategy but let me tell you that obsessing over 1 or 2 ideas and throwing every penny at it and holding for a few years is the best strategy. It may not work at some point but right now it does.
I still day trade but I trade with 10k or less on each individual position. It allows me minimize my losses and my winners are 1-7%. I am able to consistently make between 3-700$/ a day on day trades using the above strategy. I still take losses and still dream about hitting it big with an option trade but dont feel the need to put it all on the line every month / week.
I finally crossed into the two , club. I know people are going to ask for proof or ban but I am not earning anything for posting and the details about some of the trades should be proof enough that I kept a detailed journal of it all. I have way more to write but these are the highlights.
Eventually I will share how I build a position in a story I love. I still sell buy and sell to early but I am working on improving.
TL:DR - I gambled, lost it all and gambled some more lost more. I made it out alive. I have only sold calls/puts lately.
The one common denominator in all successful people is how much they obsess over 1 or 2 ideas. Do the same. All the winners on this sub have gone all in on one idea (FSLY / TSLA ). Stick with new stories or ones that are changing and go all in...wait a second, I didnt learn anything.
submitted by jojo2021 to wallstreetbets [link] [comments]

Degenerate WSB Trader

Degenerate WSB Trader
What's up all you fucking Autists, Degenerates, and Lurkers???
Real Autism
I'm one of the truly faithful degenerates. Below is my story...
TLDR- I'm a degenerate gambler. Buy AMD 82.00C 11/14
I began the journey in college by gambling thousands of dollars on student loans on daily binary options. This of course was retarted and I lost close to 5k pretty quickly. I even chased losses by taken advances from my credit card. I stopped after I maxed one of my cards out.
After doing much more research and taking a couple years off, I got back into the game in March with a $10k dollar personal loan. After carefully placed medium risk trades everything went to hell with the virus. I quickly switched to puts only to chase too hard and got absolutely blown up. Account was wiped out.
I vowed I would be back.
In September with another loan and some savings I got back in with $4,500. This quickly went to 8k and I actually went to cash right before the big drop in early September. I got back in too early, and nearly got wiped out. Careful diligence and some luck saw my account go to nearly $10k just a few days ago when I placed a very risky trade with the vaccine news. The drop on Monday afternoon caught me, and again destroyed my account.
I'm a Degenerate with my account down now 75% in two days, and the panic I used to feel is only replaced by an urge to place an even risker trade to make up for it. Right now, all I really care about is AMD going to the moon tomorrow so I can make it all back and feel that good sweet dopamine rush before I'm back at it again.
If this somehow pays, I'll donate 5% of the gains to charity.
Position- AMD 82.00C 11/13 (28 Contracts)
submitted by WSBDegenerate69 to wallstreetbets [link] [comments]

The speech that would actually redeem Bernie Sanders and start to heal the damage he has done.

Forgiveness should always be offered to someone who demonstrates that they understand how their actions caused harm, that they are sorry for the harm, and that they are committed to repairing the damage they did as well as not do it again. Bernie has not done any of this. This is the speech he would give if he were truly taking the first step on the road to redemption.
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Looking back at the last 5 years I realize that I have made some big mistakes and caused a lot of harm to a lot of people. I am here today to ask your forgiveness. Since I was a young man I believed in a vision of America that I sincerely believed would be widely adopted if I could only get the word out. I was arrogant. I assumed that the only explanations for not supporting my vision was ignorance or corruption. There was no room in my worldview for good faith disagreement or working with others. It was my way or the highway. Which is not the American way.
The first people I want to apologize to are my donors. I told you that money wins elections and that if you donated to me I would win. I asked many of you to give not simply from your excess but from your need - promising you that pain endured now to support me would pay off later. And you gave me over half a billion dollars across 2 primaries allowing me to outspend everyone except Bloomberg by tens of millions of dollars. Yes, I outspent Hillary. I was the big money candidate in 2016, not her. I spent twice as much as Joe in 2020. And they both won by popular vote landslides. Money doesn't buy elections. It just gets your message out there. If voters don't like your message then money can't help you.
I refused to accept what this meant in 2016 choosing instead to focus on how much better I had done than I ever had before. I saw myself on an upward trajectory and focused on spreading my message instead of on defeating Donald Trump. In fact, I viewed Donald Trump's election as beneficial to my long term goals. If Hillary won and made things better people would cease feeling the urgency I did. But if Trump won things would get worse and I would be in a position to harness that pain in 2020. I had no idea how much worse things would get. But that is no excuse. The very act of supporting harm to others to advance oneself is disqualifying and self destructive. Martin Luther King Jr. once said, "You can't fight hate with hate, only love can do that". He was right. I was wrong.
In the beginning of 2020 I had an option to atone and put progress ahead of my own ego but I didn't take it. I could have stayed out of the race and supported Elizabeth Warren. She is a better candidate than me in many ways. She was a struggling single mother where I was a deadbeat dad - it's true I walked out on my son Levi when he was an infant - something you'd all know if the DNC had been rigging things against me. They weren't. There are many more such skeletons in my political closet that not one single Democrat has attacked me with. But you can bet the GOP would not hold back if I'd been the nominee. Warren is a much better face for the movement than I am. She has won significant victories in passing banking regulations and consumer protections - actually doing things I only talked about. I've been in Washington for 30 years while she has only held office for 7 yet her accomplishments dwarf mine. She is a decade younger and in much better health. She has higher approval ratings and support among constituencies I can't get traction in. Where I have slogans she has plans. But I was drunk on adulation and validation. I wanted the roaring crowds chanting my name like I had in 2016. I wanted the money, the interviews, the attention. So I convinced myself that her sex meant she couldn't win and that I had an obligation to run - to do what I deeply wanted to do anyway. This is nonsense. Hillary Clinton proved in 2016 that a woman can win when she got 3 million more votes than Donald Trump. With my help Warren could have won. With my help Clinton could have won. And I will spend the rest of my life trying to atone for undercutting both of them. Especially Warren who was always my friend and ally but I treated her like an enemy and encouraged my fans to attack her horribly when she got in my way. I'm so very sorry Elizabeth.
The 2020 primary was my wake up call. I expected to do better than I did in 2016 - I expected to win. My name was now nationally known, I had spent 4 years in the public eye ensuring that my message understood by all. I had finally achieved my lifelong dream of being heard. It is why I published a newsletter as a young man, why I had my own weekly television show as Burlington's mayor, why I was blogging regularly when most Senators didn't know what the internet was. It was why I was deeply jealous of Clinton for not only getting higher speaking fees than I did but having a much wider audience than me. It is why in 2016 I spent 29 million dollars on social media manipulation. If you add up every House, Senate, and presidential candidate in American history combined it is less than what I spent drowning out any other voice on reddit, twitter, and facebook. But now that I had been heard I was certain there would be a moment of class consciousness that would elect me in a landslide.
But there wasn't.
In fact not only did I lose, I lost even worse than last time. In 2016 Hillary Clinton got 4 million more votes than I did. In 2020 Joe Biden got 9 million more votes than I did. But - most shocking to me - I got 4 million fewer votes than I did last time. People who supported me in 2016 left me in 2020. How could they have seen the light and then walked away from it? I really struggled with this and understanding it was not easy. Some people noticed that I stopped showing up for work in the Senate for several months while I came to grips with losing a race I had assumed was in the bag. Important votes happened and I wasn't there. My absence made the difference in some of them. Warren, Klobuchar, Harris - they didn't let having their dreams be crushed stop them from doing their job. I did. Yet another way in which I failed to be the person I thought I was. The person I told you I was. They were fighters, showing up every day for you. I wasn't.
Most of the reason my vote total shrank was that in 2016 over a fifth of my voters listed Biden as their first choice. He wasn't running in 2016. He was running in 2020. I was so caught up in my own righteousness that I assumed every vote cast for me was truly for me. They weren't. As soon as a candidate more to their liking showed up they left. Another reason my vote shrank was due to my own behavior. I hired to run my campaign people who saw the world as I did. A simple binary choice between good and evil where I was good and everyone else was evil. Where the world was broken and only I could fix it. Nobody else was good enough. Everyone else was corrupt. They worshipped me and I reveled in it. I treated every other successful candidate as enemies to be destroyed and my staff imitated me creating a uniquely toxic campaign culture that repelled voters. My zero tolerance policy for questioning or criticism blinded us all to impending defeat. Anyone who disagreed, after all, was "low information" or "corrupt" and didn't need to be listened to. But we were the real low information people.
In examining my failures and coming to accept my faults I now understand and accept why so many voters rejected me. I failed the Commander and Chief test not once but many times in these last 5 years. I am never running for President again and wouldn't accept the nomination if it was somehow offered to me. So please, stop wishing for something bad to happen to Biden on my behalf. He is a good man and a great leader who will be a fine president. He may not be going to my destination but he is going in a good direction that will heal this country. Vote for him. And vote in every election, not just Presidential years.
- Imaginary Bernie Sanders
submitted by Mrs_Frisby to Enough_Sanders_Spam [link] [comments]

Says flair added no button still

So excited Can't sleep Options plus leverage Love when autistic leverage an absolutely null awareness of risk reward the righteous. Join me in Sueing @RobinHoodClassAction in your spare time. They are dirty they do shady unethical things like counter party risk against the other platform they also own. While not allowing. You to enter it exit a position Ah or PM but I.digress. make a separate piece for that later. Heheem Step 1. Use abuse worthless broker the aforementioned. With as much leverage as will not set off there risk assessment team. For example voldemortTicker U an then E plus C . We are not allowed to say . Makes mods bum bums sore. They reject your script off rip. Once theta decayed on calls an price fell below 93 cents. You could purchase an even better write options for 1 dollar an 10 cents, expiring in as little as one week for 1 dollar. That's right trade 100 shares for 1 dollar. So naturally I grabbed 250 for the 20th of this month. An then more for the next 2 consecutive months out. I had to pay 10 dollars per contract bc, I have no patients but not relevant. Step 2. Make sure there is an event of non tech analysis origins that will move price one way or the other. *note this doesn't even necessarily have to be in your favor direction. You don't have to be insane or extra and look for a binary outcome like myself. Honestly I was aggrevated an looking for a way to be pretty after multiple PDT suspension the 3rd wasn't even my fault. Anyways you sell for as little as one dollar more than you payed then you double down. Till you get. Txt saying we are closing your position or deposit funds. Example of event . Us in 2019 decided to limit the supply of yellow cakes from foreign power. Global demand is constant or increasing. Step 3. I like the added insurance of volatility of using a Mico cap. 300m or less. Fellow NPC an employees at the scam or company will decide my fate. Not some nasty market maker killing momentum to collect HTB an weekend. Margin. Nor hedge funds that positions by the Quarter. Who buy or sell side institutions catching a hair across the ass. My outcome is bc you worthless NPC panic sold or brave heart avingers assemble hold the linens held the Line!!!!!!! In Unison- So yes why you Wana rinse an repeat. They have all these bogus Greek letters that destroy your position based on price time an baloney. It's better to take a little piece an start mixing a bigger pie An you can do long short . Straddle or strangle her while you hit her from the back. Rule of thumb price of contract falls more than 20% in one day and your not the one purchasing get rid of it. Give that opportunity to the next man live to fight another day. I totally forgot what I was saying maybe some one in the comments will sumorize for me. Last point about scaling. It helps you find instead of picking a top or a bottom. Just increasing the time you have until you push the buy buttons does miracles. Already holding a few is like getting your mourning fix no fomo sickness no chasing. Yolo with finesse ya savages an buy my #stonk cheaper than. I did your welcome NPC
submitted by Mr_Frost360 to smallstreetbets [link] [comments]

OBLIGATORY FILLER MATERIAL – ESCAPE FROM STALAG SULTANATE, Part 1

That reminds me of a story.
“HELLFIRE AND DALMATIANS!” I shouted to no one in particular.
“What’s the problem, dear?” Esme asks in that way she has of telling me to calm down without having to say it directly.
“This bloody fucking country. A day late and several dollars short.” I fume. “Can’t get a new liquor license because of the bloody COVID. Can’t go to a hotel bar and have a snort because of the bloody COVID. Can’t even slip across the border to Dubai and soak up some room service and buckets of complimentary cocktails because of the bloody COVID.”
Yes, the Sultanate of Oman, in its infinitesimal wisdom, has traditionally followed other GCC countries by at least three months in making any sort of proclamations regarding this latest bugaboo: the hideous, deadly, itchy, loathsome, and possibly serially bent, noxious, pandemical COVID-19; aka, this pandemic’s entry for flu.
Their response is one of immense knee-jerk without first having thought of the consequences.
“Bloody lockdown, 2100 to 0700. What is this, the whole fucking country’s been bad and now being sent to bed without any supper?” I wondered aloud. “Idiot benchodes.”
Even Esme couldn’t come up with a rejoinder to that.
“Plus they close all the bars. And all the hotels. And the fucking bottle shops. It’s not enough that these fucking Muppets jack the ‘sin tax’ on booze and cigars by 100%, now they’re not even legally available.” I swore.
Of course, once you’ve spent even a small portion of the time that I have in the Middle East, you have your connections. Your system. Your access to the seedy underbelly of any society; the venerable Black Market.
Jesus Q. Christ on toast with baked beans, fried tomatoes, black pudding, and mushrooms, I could get most anything in the Middle East, be it legal, shady, or just plain illegal. However, before you all recoil in horror that the venerable Dr. Rocknocker dabbles in the prohibited, just remember: the ends always dojustify the means.
“I'm telling you, Esme dear; this Gulf story is getting too complicated. The weasels have started closing in.” I complain to Es as she hands me a fresh drink.
“Do you think…?” Esme asks expectantly.
Esme is more than ready to go. I’ve used this place as a base of operations for years whilst I wear out the Omani legal system suing those asswipes that think just because they’re local and I’m a kafir, they’re immune to the law.
I’ve spent a long, profitable and time-consuming period of the last few years proving them wrong.
But, time was marching onwards. I agreed with Esme, we’ve milked this particular cash cow dry. It was time to hitch up our bootstraps, call it a day, and get the hell out of Dodge.
But not before I took care of a few loose ends.
Now, the country had recently lost its venerable Sultan, who croaked back in January of this year.
Sultan Qaboos was a good egg, friend to expat and local alike. Did a shitload of good for this benighted Middle East sandpit. Dragged it kicking and screaming out of the 12th century into, well, not exactly the 21st, but a whole hell of a lot closer.
He realized that he needed revolutionary, not evolutionary change in the country. By revolutionary, he needed American, British, Canadian, and the like Western Expats here to do the heavy thinking and lifting and Eastern Expats like Indians, Bangladeshis and Nepalese to do all the scut work.
Yeah, I know. That sounds racist as fuck, but sometimes that’s the way the ball bounced.
Simple evolution of society where Omanis graduated the local equivalent of grade school, through high school, into University, and finally into Entry level jobs in the oil and gas industry wasn’t going to cut it. Took too long and the country needed a serious cash flow now.
So, that’s what he did. And it worked a treat.
Then he died.
And his chosen took over.
Except his chosen was pretty much antithetical to everything the previous and very revered and successful, Sultan wanted.
Soon, there are 100% ‘sin taxes’ aimed directly at the western expats. Tourists included.
Then there’s quotas and ‘Letters of No Objection’, which are impossible to get so that the Eastern Expats can’t switch jobs.
Then, there are Sultanic proclamations of new taxes on tourists, new taxes on fast food, new taxes on this, that and the other. Then there’s, in his own words, “Oman is for Omanis”, blatantly ridiculous and xenophobic Omanization, and the general swipe at all expats.
“GET OUT.”
This was the clear message of the new sultan.
He wanted to take over and possibly nationalize all the oil workings in the country.
Ask Venezuela, Iran, and Myanmar how well that worked out for them.
Then he wants all expats out on their asses. He wants Omanis to take over all the jobs, even though they’re nowhere near educated nor experienced enough for the positions. Then take up the massive GDP slack in lower oil production and oil prices with tourism.
Given everything else, that last line should be enough to get him off the throne.
He’s fucking nuts if he thinks people are going to want to cruise or overland anywhere near a place where foreigners are seen only as a cash supply, are despised, and would welcome these all new 100% tax levies.
Be that as it may, Esme and I decided that we have had enough of 135O F summer temperatures, virtual house arrest under the guise of a COVID lockdown, and idiots who were the only ones stupid or twisted enough not to vamoose when the great, big bloody letters were clearly written on the wall.
But, there was the physical act of getting out of the country.
Now, I had plenty of strings which I could pull, but I decided I’d start low and save those until we really needed them.
So low, in fact, we went to the US Embassy in Muscat.
“How low can you go?” reverberated through my head.
What a haven of sad-sacks, flubadubs, and third rate hobbyists.
Was either Esme or I surprised that when we finally secured an invitation to the embassy, that required a bit of string-pulling with the ex-Ambassador to Oman, now in Kabul; that besides the peach-fuzz faced Marine guarding the place, we were the only Americans in the joint?
“This is American soil!” I laughed, as I pulled out a huge Cuban cigar and was immediately told to extinguish it. “We’re as American as apple pie and napalm! We file our fucking 1040s every April; I pay my fucking long-distance taxes and demand US assistance to vacate this gloomy place of sandy, sweaty, sultry Sturm und Drang!”
“Shut up, Rock”, Esme chided me, “They don’t understand English. Much less, the florid English the way you trowel it on.”
“Fuckbuckets”, I remonstrated. “Here I had memorized the whole Patrick Henry speech he made to the Second Virginia Convention on March 23, 1775, at St. John's Church in Richmond, Virginia. Troglodytes. No admiration for the classics.”
“Rock, dear?” Esme noted, “It’s almost 1100 hours. Best to get to our appointment.”
True, our appointment was slated for 1100 hours. But around here, anything starting within three hours of the stated time was considered close enough.
We dragged ourselves, none too cheerfully, to the waiting room. Once we pried open the door, there was the usual “If you hear a high pitched wail, hit the deck” signs, and other things one could do while kissing one’s ass goodbye if there was a terrorist attack, we had a whole new slew of bullshit with which to deal.
“Social distancing. 6 feet. Or if you’re from Baja Canada, 1 cow’s length.”
“Must wear a mask. Bandanna, bandoliers, and large-caliber weapons or sombrero optional.”
“No sitting. Faux Naugahyde seats are too difficult to sterilize. You must stand at attention, do not talk amongst yourselves, and remain patient until your number is called.”
“Well, fuck!”, I snorted quietly, as I raised my first secret flask in rapt attention to our old glory of red, white, and blue.
“Good thing they didn’t say nothin’ about getting a load on. If I’m going to be treated like cattle, I’m going to at least have something to chew on in the process.”
“Oh, lord”, Esme grumbled, “You didn’t bring that Japanese Rye Whiskey with you, did you?”
“ルハイム”, I said, which is Japanese for “L’chaim”!
“Oh, hell”, Esme grinned as she borrowed my flask, “This is going to be a long day.”
I began to protest but remembered that I was wearing my Agency-issued field vest. I must have had at least 5 or 6 more flasks lurking around in those pockets somewhere.
Funny aside: they don’t bother with my going through an X-ray machine nor do they confiscate my phone, radio, knives, nor other field equipment when I go to the US Embassy.
It took them almost two solid hours last time, and by the time they got to my Brunton Compass, emergency flasks, a few spare blasting cap boosters, and saw the label sewn into the back of my vest, they decided they’d just send Rack and Ruin some evil Emails and let me pass unmolested.
“I’ll drink to that”, I say as I raise a flask as the locals raise an eyebrow. “Courtesy of Atheists International. We’re here for your children…”
The collective gasps and growls indicate they weren’t happy with me or my betrothed.
“Don’t care, Buckwheat”, I smiled, “Never did, never will. We’re out of here for good. You can curse my name all you want then. But, then again, why you standing in the American Embassy trying to get a visa to visit the land of the great evil empire?”
All the locals and most of the Eastern Expats crowded into a corner as far away from us as they physically could.
“BOO!” I snickered over a shot of Wild Turkey 101 Rye.
“Now serving number 58! Number 58!” came the call over the tannoy.
“Look at that”, I remarked to Es as I stashed both our flasks, “It’s only 12:35. Record time.”
We both shimmy into the glass-fronted and presumably bullet- but not C-4 resistant- glass.
We pick up the telephones there and acknowledge that we are who we said we were.
The East Indian fella, one Harsh Talavalakar, behind the multiple layers of glass asked us why we were here.
“Didn’t you read the appointment card?” I asked, “We’re here to have Uncle Sam get us passage out of this sordid and sultry place.”
“You are American citizens?” he asked, vacantly.
“That’s what it says on appointment cards and these here blue passports,” I replied.
“Well, how was I to know?” he scoffed, returning to his half-consumed powdered sugar doughnut.
“Maybe read the appointment card and see that we are US Citizens here on the behest of Ambassador Bethesda Orun?” I replied.
“Like I have time to read everything that comes across my desk”, he scoffed again.
I tapped on the glass to make certain I had his full attention.
“Look here, Herr Harsh. I’m not sure how you got this job at the American Consulate but want to be very clear with you. My wife and I are residents of this place for the last 20 years. We’re American citizens of very high standing and have more high powered connections than an Arduino in a nuclear power station. We have direct connections with Langley, Virginia and if you want to retain your cushy job, you’ll put down that fucking doughnut and pay very rapt attention to the two Americans standing here who are getting more and more irritated with some Indian benchode that doesn’t think he has to really do his job. You savvy? You diggin’ me, Beaumont
I guess the benchode got his attention. The two scowls he received from Esme and myself sort of cemented the idea that we’re not too pleased and not with to be trifled.
“Yes, sir?” he said, “And ma’am”, as Harsh quickly corrected himself as the doughnut disappeared.
“We want out. Gone. Vamoose. Outta here. AMF. You got me?” he nods behind the shatterprone glass.
“Now I know the borders are sealed and the airport’s closed, but fuck that. We want out and we want gone for good. I can’t make that much simpler or clearer. Get after it, son.” I said, as seriously as I could.
“Well, sir”, he began, “ The airport’s closed…”
“Are you deaf or born stupid and been losing ground ever since?” I asked, rhetorically. “I know that. We all know that. My HAT knows that. So, what devious little plan does the US Embassy have in store in just such an unsavory situation?”
“Well”, he chokes a bit, “There’s this unofficial lottery where America citizens are issued random numbers and if their number comes up, there are seats made available on special clandestine charter flights.”
Considering that Es and I are some of the last American citizens left in the country, I thought our chances might be pretty good.
“OK”, I said, “Let us have two of your finest numbers.”
“Yes, sir”, he said, “That will be US$500 total.”
“Excuse me?” I said.
“Oh, yes”, he smirked, “US$250 per number. Chances are you’ll never be called, but with these numbers, at least you stand a chance.”
“OK”, I said, “Forget the numbers. I want your name and operating number. I’ve got a report to file that’s due in Virginia before breakfast.”
“Oh, sir”, he smirked more, “I cannot release that information. Thanking you. Now be having a good day.” And he slammed the supposedly bulletproof shield between himself and Es and me.
“Bulletproof? Maybe. Nitro proof? No fucking way.” I groused as I fished out a couple of blasting cap superfast boosters.
“Calm down, dear”, Esme smiled to me as we walked out, “When he wasn’t looking, I took his picture, got his operating number, and full name. In fact, I think I got some information on where he lives…”
In the cab on the way back to our villa, I reviewed and confirmed Es’s subterfuge. Flasks number 6 and 8 needed serious replenishment by the time we arrived home.
“That’s fucking right, Ruin.” I yelled over the phone, “We need extraction. And now. Along with our personal effects and a few hundredweight of ‘don’t ask, don’t tell’ boxes of stuff we need to be transported.”
“Well, Rock”, Agent Ruin replied, “That’s a tall order. Usually, extraction is for one person and the stuff they’re wearing. Tell you what. Let Rack and I work on it for a week or so. We’ll arrange transport of your personal effects, then we’ll see about getting you and Esme to Dubai. At least there, you can order a plane. Hell, knowing you, you’ll get Tony Stark to fly in and provide door to door service. Sit tight. We’ll be back in touch.”
“Good!” I say as I slam the phone down. With these newfangled cellphone telephone instruments, they lack the same sort of satisfying “KER FUCKING CLANG” the old landlines used to have.
“Es!”, I yelled, “Start packing. We’re due out of here within a week.”
That meant we needed to do some packing triage:
• Things going home with us.
• Things being shipped.
• Things being sold.
• Things being left behind.
• Things no one was about to get their furry little mitts on.
“Oh, fuck!”, I startled. I had just remembered the John Wick-ian stash of various explosives, and adjunct materials I had buried in the basement. Obviously, I couldn’t take it home with me, I couldn’t sell it, and I sure as festering frothing fuck wasn’t going to leave it here.
I needed to call one of my more shifty and swarthy friends and arrange for passage out to the deep, dark desert. Around the area where the new sultan had opened a couple of brand new landfills.
Looks like I was going to expand them a few meters once we disposed of the few hundred kilos of accumulation I attained over the last few years.
See, I’m a packrat. I never leave nor toss anything that might be convenient. Might have a benefit. Might prove to be useful sometime down the line.
So, I’ve accumulated a bit of kit.
Like…well…a few hundred sticks of Du Pont 60% Extra Fast Dynamite. A couple dozen spools of Z-4 Primacord, in various degrees of fullness. A shitload of C-4; enough bricks for a Floydian wall. A couple, well, a dozen, well, two dozen cases of binary liquid explosives. Hey, this stuff is hard to come by…
Continuing, several thousand blasting caps and superfast flash blasting cap boosters. Some mercury fulminate. Some nitrogen triiodide. A couple tens of pounds of PETN. An equal amount of RDX. A few Erlenmeyer flasks full of shit even I’m not certain of what it is…
Oh.
And a few kilos of freshly decanted, raw nitroglycerin; packed in sturdy wooden boxes lined with new fuzzy lamb’s wool.
Not that much. Just 10 or 12 kilos.
Yeah. I can’t leave that here. Even a small accident with this stuff would lay waste to not only our villa; but my landlord’s villa with whom we share a common wall.
Besides, as Omanis go, my landlord was the only dishdasha dressed denizen for which I had any respect or admiration. He was a good guy. I needed to return his villa at least in some semblance of what I received when we first rented from him.
So, I had to dispose of many, many billions of kilojoules of potential energy. I needed to do this out in a distant and far away from prying ears and eyes regions and I needed a truck to haul this stuff out to the range.
To be continued…
submitted by Rocknocker to Rocknocker [link] [comments]

...

Having my own home to live in, whether renting or not, is my ultimate goal in life.
I feel it really enhance my mental well being. The triggers I face on a daily basis will be deminished. I've never had a place to call my own. To think I finally will is amazing. However, in a way I feel hopeless. I have a constant fear that I'll never reach that peace. With DHS fucking me over and CPS the way they did and the constant WAITING GAME I have with any governmental problem, it's terrible. Section 8 housing is a long wait list too.
How can I not be resentful when I'm being punished in life for literally nothing? I was born into an abusive home, I was taught nothing about adulthood and had to fend for myself, I was BORN disabled- and yet I feel like life is so fucking hard for me than someone with the privilege of simply having a loving family. It doesn't matter if they're disabled or if they've been abused, as long as they have a supportive family- they are seemingly in a way better position than I am... It's not fair. I know life is fair but holy shit, I feel like life is literally stabbing my soul. I'm in pain everyday. I have to wait like it's purgatory and I'm being fucked over for no reason.
Meanwhile, people who make horrible choices in life are being helped more than people who are like me- who did nothing wrong, only born into an unfortunate situation. If you get knocked up and get pregnant, guess what? They'll help you ASAP and you'll get triple the benefits even if you get a job. If you are overweight, guess what? You have better chance at being a model than any disabled / deformed person because "uwu body positivity, yaass queen".
If you are trans, you are given so many support groups, housing option, funding, etc. It doesn't matter if you actually have dysphoria or not. Nowadays all you gotta claim is you are "non binary" and people will treat you better. All you gotta do is leverage your identity and you'll get thousands of dollars.
Where's MY support? Huh? Where's the support for MY people? Disabled people get the worst treatment out if any group. I'm tired of the discrimination, I'm tired of seeing selfish motherfuckers try to be a victim while living a privileged life. Like yeah, if you actually have Dysphoria or you accidentally get pregnant, that's horrible! I feel bad! But society seemingly helps everyone more than they help disabled people and people without families.
It's so fucking annoying. I hate it. I think about killing myself every other day. It's like I'll never be able to live my life.
submitted by DearDefinition to AidanLloydElliott [link] [comments]

My uneventful hysterectomy experience + smooth recovery at 4 1/2 weeks postop

I'd like to show my thanks for you folks who have provided so many useful tips on this sub by sharing my fairly standard/normal hysterectomy experience and week by week recovery. It's a long, detailed post but TL;DR: my experience is similar to folks who have had a normal recovery with no complications and manageable pain and discomfort and I highly recommend surgery! (I'm including insomnia and mood swings as normal, since I kept my ovaries and I'm coming off hormonal medication as well, lol.)
I waited until 4 weeks before posting because even though I felt great during the first few days after surgery, I wanted to wait and see if complications and weird stuff popped up afterwards. Nope! It has been a delightfully smooth recovery: only very little spotting 2 days after surgery then no bleeding even up until now. My surgeon checked out my vaginal cuff 3 1/12 post-op and she said it was healing nicely, no pain when she touched the cuff and no bleeding.
Background:
How the weeks played out post-op:
What helped me pre- and post-op:
Please feel free to ask questions, I'm happy to help! I hope your surgery goes smoothly as well and for those recovering, I hope your recovery continues to be smooth sailing. :)
submitted by tarpfest to hysterectomy [link] [comments]

The mayor of Bozeman, Chris Mhel, is accused of being overly aggressive by multiple people. This is a copy of an email I received in regards to that.

September 7, 2020 Labor Day
Members of the Bozeman City Commission, Because I cannot remain silent if I deserve to have any claim to continue to care about the rights, safety, equitable and fair treatment of women to advance gender and all equity in our community, I will do this as an individual and not on behalf of any organization. Preparing and sharing this Statement does not give me any pleasure and I hated to have to go through the pain of these records and memories again in order to respond. These statements of harmful and harassing treatment toward Bozeman City employees by our Mayor strongly influenced me that we who have suffered or witnessed this must step forward. I strongly urge everyone who is reading or listening to this - PLEASE review ALL the attached Freedom Of Information Act (FOIA) documents from our current and former City Employees – many from women, but not all – to understand this: those leaders appearing to be women-supporting, liberal or even progressive men who are in power can and in this case with the Mayor, have profoundly harmed our City’s workforce including the 1st and only women City Manager, many have said was our most successful ever. And most employees who all want the Mayor removed. From the Bozeman City Commission Agenda for September 8, 2020, the FOIA Documents – open to read all 3 sections plus those from Commissioner Cunningham (total of 4):
Discussion of Documents Related to Public Records Requests (Sullivan)
I am writing and speaking about my experiences with Chris Mehl, from and since April 19, 2018.
This date is when a leader of a local women’s business organization and I had a meeting with then Deputy Mayor Mehl (DM) to share and exchange around our City for CEDAW women’s human rights campaign to create safe, equitable and fair employment and living conditions in our community. Our meeting goal, quite simply in the same manner of our successful Equal Pay for Equal Work Resolution adopted by the City three years earlier, was to meet with each City Commissioner for an opportunity to educate, exchange around and get their advice about our proposed policy to advance women’s human rights in the workplace, schools, and our overall community through adoption of an Ordinance or Resolution. Over 70 Cities large and small throughout the U.S. have done this. Because at that time Mayor Andrus chose not to meet with any representatives of our campaign, the DM indicated he would stand in for the Mayor and learn more himself. I also indicated to the DM that there would be another representative from the local women’s business organization - a part of our City for CEDAW Leadership team who would join me. In our thorough preparation to meet with the DM – as with every Commission and community leader - we reached out to other current and former City leaders about how to approach and what best to say. At that time, I was warned by several of them that the DM “had a temper” and then I also shared that with this leader accompanying me, having no idea what that information could truly mean to each of us and our lives following. We spent an hour on April 19, 2018 from 4:00-5:00 pm at Sola Café, at the request of the DM, with several other customers nearby in the back section. While we had a carefully prepared outline of talking points of why we are requesting this now and how a policy to advance the human rights of all women and girls could benefit the City of Bozeman, we of course wanted to hear and address the DM’s questions and concerns. This meeting began by the DM with heated accusations made in anger and outrage to us in a shouting communication style about the fact that we dared to ask for this policy and goal – especially since the DM stated the Mayor already said she wouldn’t meet with our Campaign and didn’t we already have an Equal Pay Resolution. He then moved into accusatory rapid talking points ranging from how adopting a women’s human rights ordinance would cost at least $500,000 to conduct a City needs assessment to identify and address evidence of measurable gender and other discrimination and how could we waste the City’s tax dollars that way…..and the fact that children in our City have food insecurity and why should we fund a study instead of feeding the children? In trying to even answer or explore options we couldn’t get a word in for the first 30-45 minutes of his berating, bulling, belittlement and harassing “leadership style” that appeared to communicate his job was to intimidate and diminish us to the point that we would never return to the Mayor or City nor continue to educate and advance for any further women’s human rights.
As we tried to both indicate that such a study was important to identify evidence of where gender and other discrimination existed in the institutions and sectors of our City and also recommend best practices to eradicate them – as recently well demonstrated by the Bozeman United for Racial Justice which only required 2 Marches of thousands of Bozeman residents and we congratulate them! – would cost from $10-20K and we already planned to ask other organizations for their support including MSU, Women’s Foundations, donors and more! In addition, if there was great urgency about Bozeman children’s food security, our Campaign’s issue as well - the results of our study was intended to strategically focus scarce tax dollars on which of our children and families needed assistance. And from lived experience - we know many of them were likely from single parent, underpaid, women-headed households. And that a gender analysis that included race/ethnicity, income, age and more would benefit all city policies, strategic planning, budgeting and employee workplace conditions beyond pay equity disparities to include prevention of sexual, racial harassment and other corrosive and harmful behaviors.
But the DM couldn’t or wouldn’t listen until the final few minutes of this torturous hour when we calmed him down and pointed out some of the less costly or free policies other 70 Cities for CEDAW in the US have used to further women’s safety and economic security in their communities. Meanwhile those Sola Café customers and staff also witnessed the DM “leadership style” and more. After he left, we were asked,” who was that?” We said, “that’s your upcoming Mayor.” After the DM left, the volunteer leader and I tried to debrief this experience because this was so shocking - this was way more than a “Temper” issue - and appeared to be a pattern if we needed to be forewarned before meeting with the DM. In preparation for this Statement to the Commission, I needed to review and decided I will share my notes exchanged with my colleague from that DM meeting - written a day later, April 20, 2018: Quite honestly I did not expect the level to which I felt he [DM] was bullying, belittling and setting up so much opposition that he really didn't want to know any answers to the questions; he simply wanted to use them as a chance to humiliate us. I'm very, very angry and very unhappy about what he did; it was totally unnecessary and it was not fitting for a Deputy Mayor and future Mayor of our community. I'm going to be meeting with [another leader] today about their liaison with the School Board and I'm going to let them know some of what happened and get advice. I am drafting a letter this morning to Chris that follows up with Cyndy's email and why the over 20 people that were consulted about this Campaign did not see it as he did, because I don't think again he read this information very carefully. I'm going to ask you to look at it if you don't mind and share it with [ ] when I meet her with her tomorrow before I send it out. I don't want to do anything in anger. So I'm venting a little but you were wonderful and honestly we didn't need to come in with a bargaining position. We were there to learn what concerns he and the other Commissioners have:
- I had asked Chris specifically in other emails if "you are able to generally support it", or "what exactly can you support" and that was what I thought the basis of the meeting was going to be about.
Since you have so many objections to Our proposed [Bozeman for CEDAW] Ordinance as a model to achieve gender equity in our city, what is a process or framework that can allow the city to stand for gender equity and the health, dignity and safety of women and girls that is of substance and can be acceptable to the city?
The ball is in his court or their court if he's really representing Cyndy Andrus as well. But she would not behave this way - that is for sure. You were great and I couldn't have done it; I couldn't have stood it without you. I honestly did not know that this is what his "temper" is about and it's bad for the City of Bozeman. Thank you again and so sorry we both had to put up with this and quite frankly it's why we need a city ordinance when you have leadership or bosses who treat women like this. It's called gender-based verbal violence and sexual harassment and we are Me Too.
This is what happened, and now I’d like to add why this matters and why our City leadership and community should care and act.
Even though I and the other leader have had to handle other very sexist and sexual harassing situations as well as gender-based violence over our lives, much like every woman – including death threats when I co-founded a program and shelter to address gender-based violence now called The HAVEN – the harsh impacts of DM’s verbal abuse was compounded because of his power as the DM and as incoming Bozeman Mayor. Having never received any apology or clarification about his “leadership style” or any follow up whatsoever from the DM, we drafted several versions of our own follow-up letter to the DM. This letter became so diplomatic to save our women’s rights cause and thus did not adequately address his abuse of power in order to avoid retaliation. Finally we resolved to focus our goal to create and institutionalize policies advancing women’s rights and safety and, now ironically, we decided not to send our letter to the DM. We never even thought this opportunity would occur to address what we now know is a long-standing pattern of the DM’s verbal form of gender-based violence. Instead, what I did is reach out to other leaders in our community to get their advice and felt afterwards that we were not taken seriously and always, in many ways spoken or by inaction, were told the DM’s contributions were more important than his “temper.” But we also learned from other discussions that we were not the only women affected by this pattern of abuse and fear of retaliation. When Mayor Andrus did reach out to me to schedule a meeting in June, 2018, about our City for CEDAW women’s human rights campaign following a City Commission meeting presentation earlier in May with over 100 supporters and nearly 1,000 signatures on our Petition, she wanted the DM to be present. I refused and told her why (correspondence in the other documents) and, upon request, followed up with Mayor Andrus in a lengthy phone call to provide specific examples and details from the meeting with the DM on April 19th. We were grateful she didn’t include him in that meeting. Another result both of us decided for ourselves and the Cities for CEDAW campaign after this April 19th meeting was either to not ever work or meet with the DM or at least always have 3-5 people present to prevent his harmful behavior from bullying and attempting to intimidate us again. Sadly, I also substantially reduced my and our expectations of what could be achieved for the creation of an Ordinance or Resolution to advance women’s human rights as Bozeman policy since that meeting. And as the DM moved into the role of Mayor, this was another way to prevent his attacks. Again, at the painful expense of the most vulnerable women we wanted this human rights policy, education and research to serve. The other volunteer leader quit working with the Equal Pay Resolution and this organization in order to not have to work with Mayor Mehl. She has shared her own story to this effect. Our lived experience as women, men and non-binary people of sexual, racial and/or other harassment and related violence in paid or volunteer workplaces and community leadership - along with the emerging research which is so badly needed here for the City and other workplaces - is now becoming more understood about its breadth and depth. We also know from the #ME TOO Movement that liberal White men – especially when holding the most prominent positions - can present as supporters of women and progressive causes, but do NOT walk their talk. After reading – and I so strong urge everyone who is reading or listening to this, PLEASE review ALL the attached the FOIA documents from our current and former City Employees – many from women, but not all – to understand this: those leaders appearing to be women-supporting, liberal or even progressive leaders who are in power can, and in this case, the Mayor has profoundly harmed our City’s workforce including the 1st and only women City Manager, who many have said was our most successful top Administrator ever. And this “leadership style” has been experienced by other current and previous Commissioners, members of Citizen Advisory Boards, business owners and many more we will never hear from who are also afraid to come forward because if the Mayor is not removed, they will be afraid of retaliation as am I and my colleague. Thinking about future City policies that advance gender and other equity, diversity and inclusion in our community and its workplace, how can anyone feel secure, much less “welcome” in their desire to contribute to our City, as a volunteer or employee, when they learn about this fully documented, unprofessional behavior of our Mayor in violation of the City’s own policies - carefully demonstrated over 2 years with extensive evidence in the FOIA documents by former City Managers Andrea Surratt and Dennis Taylor - if then no substantive action is taken? Now my colleague and I know – the Mayor’s "leadership style" as he defines this – was never only targeted at us, but directed widely, impacting a lot of women at all levels of employment and in our community, including current and former Commissioners, with all harmed in some way. I truly regret that we did not send our fully detailed letter of DM’s bullying, abusive and gender-based harassing treatment to the Mayor and other City leaders two years ago, or had been encouraged to file an Ethics Board complaint, but we believed it would probably be used against us and the organizations we cared about. I ask the City Commissioners on behalf of all who have suffered, been diminished, been humiliated, been afraid and been denied their ability to work in safety and dignity, to change our City’s elected Mayoral leadership now. Thank you, Jan Strout (she/hers) Bozeman, MT
submitted by Spacepirateroberts to Bozeman [link] [comments]

Are DreamNotFound Shippers all 13-year-old obsessive fangirls? I took a Tumblr survey to measure demographics for DnF shippers. These are the results.

Are DreamNotFound Shippers all 13-year-old obsessive fangirls? I took a Tumblr survey to measure demographics for DnF shippers. These are the results.
Part of this is a response to the post about The Unhealthy Relationship Between the Dream Team and their Stans by u/sheisdoingherbest (specifically the part about DreamNotFound shippers). I'm cross-posting this from Tumblr because I think it's worth seeing (long post ahead).
DreamNotFound Shipper Demographics and the Question on Whether Encouraging the Shippers is Unhealthy
So a couple of days ago I ran a poll on DreamNotFound shippers to capture demographics because a Reddit post discussing the potential harm of Dream’s fanservice tactics (I’ve talked about it on a previous Tumblr post) made me very curious as to the kind of audience he was attracting.
Here are the results.
The survey consisted of four simple questions asking for gender, age, sexuality, and what kind of behavior they engage in when it comes to DreamNotFound.
Out of the 174 DreamNotFound shippers who responded, here are the overarching demographics for them.
https://preview.redd.it/zen27t9qmvj51.png?width=600&format=png&auto=webp&s=430bf06317a6aeb3c1a6d62334481d772fe36870
https://preview.redd.it/0cjq2t9qmvj51.png?width=600&format=png&auto=webp&s=347fda0d24427fc988630a83ae6def5ed3024ad1

https://preview.redd.it/c7kb4ttrmvj51.png?width=600&format=png&auto=webp&s=2661b95f5661d20016f81f23a119a269d0ea9e8e
https://preview.redd.it/l5jfiytrmvj51.png?width=1174&format=png&auto=webp&s=fc6db1e2964a0300a826795e1baf78f0664133bb
Statistics
Overall (174 Responses)
  • 85.6% of total respondents identified as non-heterosexual
  • All heterosexual respondents were female
  • There were 8 times more female respondents than male respondents
  • 37.9% of respondents were under the age of 16
Male (14 Responses)
  • 50% of male respondents were under the age of 16, 1 respondent was 12 or under
  • All male respondents identified as non-heterosexual with 42.9% identifying as homosexual, 42.9% identifying as bisexual/pansexual, 7.1% identifying as Asexual, and 7.1% identifying as Other
Female (116 Responses)
  • 36.1% of female respondents were under the age of 16, 21% were over the age of 18
  • 21% of female respondents identified as heterosexual, the majority (47.1%) identified as Bisexual/Pansexual
Non-Binary/Other (41 Responses)
  • Non-Binary/Other respondents had the largest under 16 population at 39% and lowest 18 and over population at 19.5%
  • 73.2% of non-binary respondents identified as bisexual/pansexual, 7.3% as homosexual, 14.6% as asexual, and 4.9% as other
Fanfiction/Fanart/Reader Statistics
  • DreamNotFound creators (fanfiction and/or fanart) were most likely to be bisexual/pansexual females between the ages of 16-17
  • 35.3% of DreamNotFound creators were 15 or under, 41.2% were 16-17, and 23.5% were 18 or over
  • 65.2% of DreamNotFound fanfiction readers were over the age of 16 (34.9% were 15 and below, 42.8% were 16-17, and 22.4% were 18 and over)
Link to the google spreadsheet
Possible Shortcomings in the Data
Though this survey was conducted for DreamNotFound shippers, not everyone marked the option of Shipping DnF in the last question. Though it might seem as some stray non-DreamNotFound shippers could have potentially taken the survey as well, this is likely not true considering the individuals who chose not to mark the Shipping DnF option all marked either one or both of the other two options. A likely hypothesis could be that some people thought Shipping DnF meant shipping them seriously/for real.*
*A way I’ve heard the difference between shipping them seriously and not seriously be described is shipping Dream and GeorgeNotFound (not serious) vs shipping Clay and George (serious). While all DnF shippers engage in the first, not everyone engages in the second because it is more of an invasion of privacy. It’s sort of like the way some people might ship two characters in a show but not ship the actors that play them. In this case, Dream and GeorgeNotFound function as sort of personas, while Clay and George are the actual individuals behind them.
Discussion on Potential Harm of DreamNotFound
So onto the million-dollar question: Is Dream’s fanservice and encouragement for the DreamNotFound shippers harmful solely because of the fact so many of them are minors? Is it harmful for minors to sexualize creators by writing, reading, and creating fanfiction/fanart (that might or might not be NSFW)?
*Chuckles*
Look, since the age of the internet, fandoms, and fangirls/fanboys, minors have been sexualizing their favorite characters, ships, personas, actors, singers, and creators. “Teenage girls,” specifically, have been obsessing over them for a lifetime now. Just take a look at the One Direction and K-Pop fandoms. Is it harmful? I’m sure dozens of people, articles, and researchers have tackled this question in the past.
But, of course, we are talking about Dream’s deliberate encouragement of this ship (because it sure does get him a heck of a ton of fan content, does it not?) Obsession to the point where it affects a part of your life is obviously harmful, but is Dream encouraging this sort of behavior? Besides the passing jokes and fanservice, there is no indication that he’s deliberately encouraging obsessive shipping. Wouldn’t he try a little harder if he were?
And sure, Dream should not take pleasure from a bunch of thirteen-year-old girls calling him sexy and/or writing smut about him, but even if they were to stop the fanservice now, I HIGHLY doubt these behaviors would stop. It never did stop with One Direction, did it? Or K-Pop Groups. And I bet you right now someone is out there currently reading Septiplier fanfiction and/or engaging in the fandom that’s left for them even after they’ve explicitly told the fans they’re uncomfortable with it.
I don’t think Dream telling fangirls to stop shipping DnF will prevent this obsessive fangirl behavior from those who have it. This issue is much bigger than just Dream and George and the Minecraft community. The only thing it would do is stop the respectful and more mature DreamNotFound shippers, and that isn’t really going to make a difference, is it?
Now, in terms of accusations of grooming, I think this is a vastly different scenario that shouldn’t be brought into the discussion of DreamNotFound shippers. As long as the Dream Team doesn’t actively engage on a personal level (individuals DMs and such) with minors, there shouldn’t be a fear of sexual allegations. And again, even if he were to come forth and tell the fans to stop shipping DreamNotFound, it does not make this kind of situation any more unlikely to happen.
Concluding Thoughts
Now, I’m not saying I don’t entirely agree with the whole of the post. I think it brings forth some valid concerns that should be addressed, but I also think not everything mentioned is under Dream’s control. And specifically dealing with encouraging DreamNotFound shippers, in my opinion, I don’t think it’s going to make a difference in the toxicity and obsessive behaviors behind some of their stans. Most toxic and/or obsessive stans/shippers will continue to be toxic and/or obsessive, and the others who aren’t are just going to be discouraged from engaging in a ship and fandom they might really enjoy.
Anyhow, I just wanted to share my findings. This post is not by any means perfect, but I thought it was interesting enough to share.
submitted by Little_Mel to DreamWasTaken [link] [comments]

Forex Signals Reddit: top providers review (part 1)

Forex Signals Reddit: top providers review (part 1)

Forex Signals - TOP Best Services. Checked!

To invest in the financial markets, we must acquire good tools that help us carry out our operations in the best possible way. In this sense, we always talk about the importance of brokers, however, signal systems must also be taken into account.
The platforms that offer signals to invest in forex provide us with alerts that will help us in a significant way to be able to carry out successful operations.
For this reason, we are going to tell you about the importance of these alerts in relation to the trading we carry out, because, without a doubt, this type of system will provide us with very good information to invest at the right time and in the best assets in the different markets. financial
Within this context, we will focus on Forex signals, since it is the most important market in the world, since in it, multiple transactions are carried out on a daily basis, hence the importance of having an alert system that offers us all the necessary data to invest in currencies.
Also, as we all already know, cryptocurrencies have become a very popular alternative to investing in traditional currencies. Therefore, some trading services/tools have emerged that help us to carry out successful operations in this particular market.
In the following points, we will detail everything you need to know to start operating in the financial markets using trading signals: what are signals, how do they work, because they are a very powerful help, etc. Let's go there!

What are Forex Trading Signals?

https://preview.redd.it/vjdnt1qrpny51.jpg?width=640&format=pjpg&auto=webp&s=bc541fc996701e5b4dd940abed610b59456a5625
Before explaining the importance of Forex signals, let's start by making a small note so that we know what exactly these alerts are.
Thus, we will know that the signals on the currency market are received by traders to know all the information that concerns Forex, both for assets and for the market itself.
These alerts allow us to know the movements that occur in the Forex market and the changes that occur in the different currency pairs. But the great advantage that this type of system gives us is that they provide us with the necessary information, to know when is the right time to carry out our investments.
In other words, through these signals, we will know the opportunities that are presented in the market and we will be able to carry out operations that can become quite profitable.
Profitability is precisely another of the fundamental aspects that must be taken into account when we talk about Forex signals since the vast majority of these alerts offer fairly reliable data on assets. Similarly, these signals can also provide us with recommendations or advice to make our operations more successful.

»Purpose: predict movements to carry out Profitable Operations

In short, Forex signal systems aim to predict the behavior that the different assets that are in the market will present and this is achieved thanks to new technologies, the creation of specialized software, and of course, the work of financial experts.
In addition, it must also be borne in mind that the reliability of these alerts largely lies in the fact that they are prepared by financial professionals. So they turn out to be a perfect tool so that our investments can bring us a greater number of benefits.

The best signal services today

We are going to tell you about the 3 main alert system services that we currently have on the market. There are many more, but I can assure these are not scams and are reliable. Of course, not 100% of trades will be a winner, so please make sure you apply proper money management and risk management system.

1. 1000pipbuilder (top choice)

Fast track your success and follow the high-performance Forex signals from 1000pip Builder. These Forex signals are rated 5 stars on Investing.com, so you can follow every signal with confidence. All signals are sent by a professional trader with over 10 years investment experience. This is a unique opportunity to see with your own eyes how a professional Forex trader trades the markets.
The 1000pip Builder Membership is ordinarily a signal service for Forex trading. You will get all the facts you need to successfully comply with the trading signals, set your stop loss and take earnings as well as additional techniques and techniques!
You will get easy to use trading indicators for Forex Trades, including your entry, stop loss and take profit. Overall, the earnings target per months is 350 Pips, depending on your funding this can be a high profit per month! (In fact, there is by no means a guarantee, but the past months had been all between 600 – 1000 Pips).
>>>Know more about 1000pipbuilder
Your 1000pip builder membership gives you all in hand you want to start trading Forex with success. Read the directions and wait for the first signals. You can trade them inside your demo account first, so you can take a look at the performance before you make investments real money!
Features:
  • Free Trial
  • Forex signals sent by email and SMS
  • Entry price, take profit and stop loss provided
  • Suitable for all time zones (signals sent over 24 hours)
  • MyFXBook verified performance
  • 10 years of investment experience
  • Target 300-400 pips per month
Pricing:
https://preview.redd.it/zjc10xx6ony51.png?width=668&format=png&auto=webp&s=9b0eac95f8b584dc0cdb62503e851d7036c0232b
VISIT 1000ipbuilder here

2. DDMarkets

Digital Derivatives Markets (DDMarkets) have been providing trade alert offerings since May 2014 - fully documenting their change ideas in an open and transparent manner.
September 2020 performance report for DD Markets.
Their manner is simple: carry out extensive research, share their evaluation and then deliver a trading sign when triggered. Once issued, daily updates on the trade are despatched to members via email.
It's essential to note that DDMarkets do not tolerate floating in an open drawdown in an effort to earnings at any cost - a common method used by less professional providers to 'fudge' performance statistics.
Verified Statistics: Not independently verified.
Price: plans from $74.40 per month.
Year Founded: 2014
Suitable for Beginners: Yes, (includes handy to follow trade analysis)
VISIT
-------

3. JKonFX

If you are looking or a forex signal service with a reliable (and profitable) music record you can't go previous Joel Kruger and the team at JKonFX.
Trading performance file for JKonFX.
Joel has delivered a reputable +59.18% journal performance for 2016, imparting real-time technical and fundamental insights, in an extremely obvious manner, to their 30,000+ subscriber base. Considered a low-frequency trader, alerts are only a small phase of the overall JKonFX subscription. If you're searching for hundreds of signals, you may want to consider other options.
Verified Statistics: Not independently verified.
Price: plans from $30 per month.
Year Founded: 2014
Suitable for Beginners: Yes, (includes convenient to follow videos updates).
VISIT

The importance of signals to invest in Forex

Once we have known what Forex signals are, we must comment on the importance of these alerts in relation to our operations.
As we have already told you in the previous paragraph, having a system of signals to be able to invest is quite advantageous, since, through these alerts, we will obtain quality information so that our operations end up being a true success.

»Use of signals for beginners and experts

In this sense, we have to say that one of the main advantages of Forex signals is that they can be used by both beginners and trading professionals.
As many as others can benefit from using a trading signal system because the more information and resources we have in our hands. The greater probability of success we will have. Let's see how beginners and experts can take advantage of alerts:
  • Beginners: for inexperienced these alerts become even more important since they will thus have an additional tool that will guide them to carry out all operations in the Forex market.
  • Professionals: In the same way, professionals are also recommended to make use of these alerts, so they have adequate information to continue bringing their investments to fruition.
Now that we know that both beginners and experts can use forex signals to invest, let's see what other advantages they have.

»Trading automation

When we dedicate ourselves to working in the financial world, none of us can spend 24 hours in front of the computer waiting to perform the perfect operation, it is impossible.
That is why Forex signals are important, because, in order to carry out our investments, all we will have to do is wait for those signals to arrive, be attentive to all the alerts we receive, and thus, operate at the right time according to the opportunities that have arisen.
It is fantastic to have a tool like this one that makes our work easier in this regard.

»Carry out profitable Forex operations

These signals are also important, because the vast majority of them are usually quite profitable, for this reason, we must get an alert system that provides us with accurate information so that our operations can bring us great benefits.
But in addition, these Forex signals have an added value and that is that they are very easy to understand, therefore, we will have a very useful tool at hand that will not be complicated and will end up being a very beneficial weapon for us.

»Decision support analysis

A system of currency market signals is also very important because it will help us to make our subsequent decisions.
We cannot forget that, to carry out any type of operation in this market, previously, we must meditate well and know the exact moment when we will know that our investments are going to bring us profits .
Therefore, all the information provided by these alerts will be a fantastic basis for future operations that we are going to carry out.

»Trading Signals made by professionals

Finally, we have to recall the idea that these signals are made by the best professionals. Financial experts who know perfectly how to analyze the movements that occur in the market and changes in prices.
Hence the importance of alerts, since they are very reliable and are presented as a necessary tool to operate in Forex and that our operations are as profitable as possible.

What should a signal provider be like?

https://preview.redd.it/j0ne51jypny51.png?width=640&format=png&auto=webp&s=5578ff4c42bd63d5b6950fc6401a5be94b97aa7f
As you have seen, Forex signal systems are really important for our operations to bring us many benefits. For this reason, at present, there are multiple platforms that offer us these financial services so that investing in currencies is very simple and fast.
Before telling you about the main services that we currently have available in the market, it is recommended that you know what are the main characteristics that a good signal provider should have, so that, at the time of your choice, you are clear that you have selected one of the best systems.

»Must send us information on the main currency pairs

In this sense, one of the first things we have to comment on is that a good signal provider, at a minimum, must send us alerts that offer us information about the 6 main currencies, in this case, we refer to the euro, dollar, The pound, the yen, the Swiss franc, and the Canadian dollar.
Of course, the data you provide us will be related to the pairs that make up all these currencies. Although we can also find systems that offer us information about other minorities, but as we have said, at a minimum, we must know these 6.

»Trading tools to operate better

Likewise, signal providers must also provide us with a large number of tools so that we can learn more about the Forex market.
We refer, for example, to technical analysis above all, which will help us to develop our own strategies to be able to operate in this market.
These analyzes are always prepared by professionals and study, mainly, the assets that we have available to invest.

»Different Forex signals reception channels

They must also make available to us different ways through which they will send us the Forex signals, the usual thing is that we can acquire them through the platform's website, or by a text message and even through our email.
In addition, it is recommended that the signal system we choose sends us a large number of alerts throughout the day, in order to have a wide range of possibilities.

»Free account and customer service

Other aspects that we must take into account to choose a good signal provider is whether we have the option of receiving, for a limited time, alerts for free or the profitability of the signals they emit to us.
Similarly, a final aspect that we must emphasize is that a good signal system must also have excellent customer service, which is available to us 24 hours a day and that we can contact them at through an email, a phone number, or a live chat, for greater immediacy.
Well, having said all this, in our last section we are going to tell you which are the best services currently on the market. That is, the most suitable Forex signal platforms to be able to work with them and carry out good operations. In this case, we will talk about ForexPro Signals, 365 Signals and Binary Signals.

Forex Signals Reddit: conclusion

To be able to invest properly in the Forex market, it is convenient that we get a signal system that provides us with all the necessary information about this market. It must be remembered that Forex is a very volatile market and therefore, many movements tend to occur quickly.
Asset prices can change in a matter of seconds, hence the importance of having a system that helps us analyze the market and thus know, what is the right time for us to start operating.
Therefore, although there are currently many signal systems that can offer us good services, the three that we have mentioned above are the ones that are best valued by users, which is why they are the best signal providers that we can choose to carry out. our investments.
Most of these alerts are quite profitable and in addition, these systems usually emit a large number of signals per day with full guarantees. For all this, SignalsForexPro, Signals365, or SignalsBinary are presented as fundamental tools so that we can obtain a greater number of benefits when we carry out our operations in the currency market.
submitted by kayakero to makemoneyforexreddit [link] [comments]

[OWL WATCH] AMA's SUMMARY

Disclaimer: This is my arbitrary summary for myself, so there could be some misunderstandings.
If you want the full picture, I recommend reading the full thread.
But, for a guy who just settles with 'less than perfect' summary, why not sharing my own?


Billy-IF
All the key research questions in coordicide have been answered. The challenges lying are implementing and testing our solution. We are implementing our solution into the Pollen Testnet and typing it up into our research specifications**(the specifications, while not complete, will hopefully be made publicly available soon).**
**After these tasks are done, our solution will go through a rigorous testing phase.**During this time, we will collect performance data, look for attack vectors, and tune the parameters.

domsch
the only way for IOTA and crypto-currencies in general to be adopted is via clear and strong regulatory guidelines and frameworks.
We often have the situation where a company reaches out to us and wants to use the IOTA token, but they are simply not able to due to uncertainties in regards to taxes, accounting, legal and regulatory questions.
The EU is taking a great stance with their new proposal (called MICA) to provide exactly this type of regulatory clarity and guidance we need. So we are very happy about that and see this as a great development for the adoption of IOTA.
We are very active in INATBA (in fact Julie is still on the board), are in the Executive Committee of the Digital Chamber of Commerce (https://digitalchamber.org) and are actively working with other regulatory bodies around the world. I think that especially in 2021, we will be much more pro-active with our outreach and efforts to push for more regulatory guidance (for the IOTA Token, for Tokenization, Smart Contracts, etc.). We are already talking with companies to start case studies around what it means to use the IOTA token - so that will be exciting.

domsch
actual product development, will really help us to convince regulators and lawmakers of what IOTA is intended for and where its potential lies.

DavidSonstebo
We are actively participating in regulatory matters via entities such as INATBA, as well as with local regulators in individual countries to help shape regulations to favor the adoption of crypto.
once the use cases can display real-world value, then deployments will happen regardless.

serguei_popov
"The multiverse" is quite an ingenious and promising idea that has many components. Actually, quite some of those are being incorporated to the Coordicide already now. The most "controversial" part, though, is the pure on-Tangle voting -- Hans thinks it should work fine while I think that it can be attacked

Billy-IF
Several of our modules have been devloped jointly with researchers in academia. For example, our rate control module is being developed jointly with professor Robert Shorten **and his team at Imperial College. Moreover,**our team has published several papers in peer reviewed journals and conference proceedings,
We are also making sure the entire protocol is audited. First, we have a grant given to Professor Mauro Conti specifcally to vet our solution.
you may hear an announcement regarding a similar grant to a second university.Second, eventually will offer bug bounties on our testnet. Lastly, we will hire some firm to audit our software and our protocol.

domsch
I would say that the entire enterprise and also the broader crypto-community is certainly actively following our developments around Coordicide**.**
Once that is removed, and with the introduction of Tokenization and Smart Contracts as Layer 2 solutions, there is no reason not to switch to IOTA.
there are probably even more who will reach out once we've achieved our objective of being production ready.

serguei_popov
Our objective is to have Honey ready within the first half of 2021.
we are very confident that Coordicide will happen in time.

Billy-IF
For Chrysalis, we will implement a deposit system. In order for an address to receive dust (which will be explicitly defined as any output with value less than a certain threshold), that address must already have a minimum balance (either 1 MIota or 1 KIota). The total ordering in conflict white flag makes this solution incredibly easy to implement.
this solution in the Coordicide needs alterations, because of the lack of total ordering.

HusQy_IOTA
Sharding is part of IOTA 3.0 and currently still in research.
there are of course some hard questions that need to be answered but we are pretty confident that these questions can and will be answered.

Billy-IF
**Having these layers helps keep the protocol modular and organized.****Indeed,****it is important to be able to track dependencies between the modules, particularly for standardization purposes.As your question suggests, a key component of standardization is the ability to update the standard(no living protocol is completely static).**Standardization will be accompanied by a versioning system, which tracks backwards compatibility.

Billy-IF
Well, let me try to clear these things up.
-The congestion control mechanisms are indifferent to the types of messages in the tangle. Thus non-value transactions (data messages) will be processed in the same way as value transactions (value messages). Thus, in times of congestion, a node will require mana in order to issue either of them.
-You will not need mana to simply “set up a node” and monitor the tangle.
However, in order to send transactions (or issue any messages) you will need mana in times of congestion.

IF_Dave
**The next big one is next month:**Odyssey Momentum; This is a huge multi-day DLT focussed hackathon with a lot of teams and big companies/governments involved working on solutions for the future. The IOTA Foundation is a Ecosystem member of Odyssey and we will be virtually present during the hackathon to help and guide teams working with IOTA.

Billy-IF
Coordicide will not fail. We are working very carefully to make sure that coordicide is a success, and we will not launch Iota 2.0 until it has gone through the proper testing.

domsch
Everyone internally and also our partners are very confident in the path that we've defined. Failure is not an option for us :)

HusQy_IOTA
We will most probably see a slight delay and see Nectar early 2021 instead.

DavidSonstebo
No, IF is not running out of money, this narrative has been repeated for 3 years now, yet we're still operating. Of course, bear markets impact our theoretical runway, but The IOTA Foundation is hard at work at diversifying revenue streams so that we become less and less dependent on the token holdings.

IF_Dave
We are constantly working on getting more exchanges to list IOTA, we however do not pay for listings
Some exchanges require a standard signature scheme
with the introduction of ed25519 in Chrysalis phase 2 that will be introduced and no longer be a restriction.

HusQy_IOTA
Being feeless is one of the most important aspects here since a new technology usually only gets adopted if it is either better or easier to use than existing solutions.
if it enables new use cases that would be completely impossible with the existing infrastructure. That is the single biggest reason why I think that IOTA will prevail.
An example for such a "new" use case is the Kupcrush use case presented by Terry

domsch
there are so many amazing use cases enabled with IOTA
I would say that****the most specific use cases which gets me really excited is conditional access control based on IOTA payments - in particular for the sharing economy.
IOTA Access + IOTA tokens really enable so many exciting new possibilities.

Billy-IF
In fact, with coordicide research coming to an end, we have already started to look into sharding**.**Indeed, sharding will provide the scalability needed to handle the demands of an IoT enabled world.

Billy-IF
We have designed Iota 2.0 to not have large concentrations of power. Unlike PoS systems, Iota will not be a block chain and thus will not be limited by a leader election process.
in a DAG, people can information in parallel, and so nodes with small amounts of mana can create messages at the same time with large mana holders.

Billy-IF
**In any DLT, "voting" needs a sybil protection system, and thus "voting power" is linked to some scarce resource.****Typically the allocation of any resource follows some sort of Zipf distribution, meaning that some people will have a lot, and others not.**The best we can do is to make sure that the little guys get their fair share of voting power.

HusQy_IOTA
With Chrysalis and coordicide we are finally moving to being production ready which will most probably also lead to a bigger market share as partners will start to use the technology which will increase the demand for tokens.

HusQy_IOTA
Privacy features are currently not being researched and it might be hard to support that on layer1 but privacy features could definitely be implemented as a 2nd layer solution

domsch
We focus on making the base layer of IOTA (namely transactional settlement) as secure and fast as possible. Many of the greater extensions to this core functionality are built on layer 2 (we already have Streams, Access, Identity and now also Smart Contracts)

HusQy_IOTA
There are discussions about increasing the supply to be able to still have micro transactions if the token would i.e. cost a few hundred dollars per MIOTA but we have not made a final decision, yet.

IF_Dave
We think we have a edge over other technology especially when it comes to fee-less transactions allowing a lot of use-cases that would otherwise be impractical or impossible.Adoption is not a given but a useful technology will be utilized with the right functionality,

DavidSonstebo
**why we have such a widespread strategy of driving IOTA, not only its development but in industry, academia, regulatory circles, raising awareness, funding ecosystem efforts etc.**I am confident in the position we are in right now.
There is a clear demand for financial disruption, data security, and automation.
someone has to assemble a killer application that meets the demand; IF is pushing for this with partners

Billy-IF
Our goal is to have at least 1000 TPS.

Billy-IF
Personally, I think our congestion control algorithm is our greatest innovation.
our algorithm can be used in any adversarial setting requiring fairness and consistency. Keep an eye out for a blog post that I am writing about it.

HusQy_IOTA
about proof of inclusion?
I have started implementing a proof of concept locally and the required data structures and payload types are already done but we won't be able to integrate this into goshimmer until we are done with the current refactoring of the code.

Jakub_Cech
**Many of the changes that are part of the Chrysalis would have made it and will make it into Coordicide.**Like the atomic transactions with binary layout. The approach we took was actually opposite - as in, what are the improvements we can already make in the current network without having to wait for Coordicide, and at the same time without disrupting or delaying Coordicide?

Billy-IF
All the key research questions in coordicide have been answered.
in reality, the biggest research challenges are behind us.

Jakub_Cech
When Chrysalis part 2 will be live?
We are still aiming for 2020****as still reflected at roadmap.iota.org. **We want to have a testnet where everyone can test things like the new APIs on, and some initial implementations of specific client libraries****to work with.**This will also allow us to test the node (both Hornet and Bee) implementations more in the wild.
The new wallet will also be tested on that testnet.
The whole testing phase will be a big endeavor, and, at the same time, we will also start auditing many of the implementations,

Billy-IF
We are in contact currently with OMG, and they are advising us on how to draft our specifications in order to ease the standardization process. Coordicide, or Iota 2.0, actually provides us a chance to start off with a clean state, since we are building it from the ground up with standardization in mind.

IF_Dave
The focus at this point is delivering Chrysalis and Coordicide. DeFi could possibly be done with Smart contracts at a given moment but it's not a focus point at this stage.

domsch
about price?
We are quite frankly not worried about that. Knowing everything that we have in the pipeline, our ecosystem and how everything around IOTA will mature over the next few months, I am sure that the entire crypto ecosystem will wake up to IOTA and its potential. **Many participants in the market still have outdated information from 2017 about us, so there is certainly some education to do.**But with Chrysalis and the Coordicide progress, all of that will change.

domsch
At the core of it, the IOTA Foundation is a leader in trust protocols and digital infrastructure.We will always remain a R&D organization at our core, as there is a lot more development we can lead when it comes to make our society and economy more fair, trustless and autonomous.
I certainly see us evolving into a broader think-tank and expert group to advise governments and large corporations on their strategies - in particular around data, identity and IoT.

HusQy_IOTA
barely any cryptocurrency gets used in the real world.
IOTA will soon start to actually be used in real world products and it is likely that this will also have an impact on the price (but I can't really give any details just yet).

domsch
ISCP (IOTA Smart Contract Protocol) is based on cryptographic consensus via BLS threshold signatures. That means a certain pre-defined amount of key holders have to come together to alter the state of the contract****or to send funds around. **If majority of the nodes are offline, the threshold will not be reached and the contract cannot be executed anymore.**There are various ways in how we are looking at this right now on how to make SC recovery and easy transitions possible.
**The beauty of ISCP is that we have a validator set which you can define (can be 3 or it can be 100+), and via an open selection process we can really ensure that the network will be fully decentralized and permissionless.Every smart contract committee (which will be its own network of course) is leveraging the IOTA ledger for security and to make it fully auditable and tamper-proof.**Which means that if a committee acts wrong, we have cryptographic proof of it and can take certain actions.
This makes our approach to smart contracts very elegant, secure and scalable.

Billy-IF
No, we will not standardize Iota 1.5. Yes, we do hope that standardization will help adoption by making it easier for corporates to learn our tech.

serguei_popov
In general, I also have to add that I'm really impressed by the force of our research department, and I think we have the necessary abilities to handle all future challenges that we might be facing.

Billy-IF
In coordicide, i.e. Iota 2.0, yes all nodes have to process all transactions and must receive all data. Our next major project is sharding, i.e. Iota 3.0 which will remove this requirement, and increase scalability.
FPC begins to be vulnerable to attack if the attacker has 30%-40% of the active consensus mana.

HusQy_IOTA
There is no doubt about coordicide working as envisioned.

HusQy_IOTA
When will companies fully implement iota tech?
Soon(TM) :P

Billy-IF
Well first, we are going to make sure that we dont need a plan B :) Second, our plans for the actual deployment are still under discussion. Lastly, we will make sure there is some sort of fail safe, e.g. turning the coordinator back on, or something like that.

Billy-IF
All the key research questions in coordicide have been answered, and each module is designed.

Billy-IF
What will be standardized is the behavior of the modules, particularly their interactions with other nodes and wallets. Implementation details will not be standardized. The standardization will allow anyone to build a node that can run on the IOTA 2.0 network.

DavidSonstebo
Tangle EE has its own Slack (private) and calls, so the lack of activity can probably be explained in that fashion. Coordicide will have an impact on all of IOTA :) There's certainly a lot of entities awaiting it, but most will start building already with Chrysalis v2, since it solves most pain points.

Billy-IF
If there are no conflicts, a message will be confirmed if it receives some approvals. We estimate that this should happen within 10-20 seconds.
To resolve a conflict, FPC will typically take another 4 minutes, according to our simulator. Since conflicts will not affect honest users, most transactions will have very short confirmation times.

Billy-IF
a colored coin supply cannot exceed that of all Iota. You could effectively mint a colored coin supply using a smart contract, although there would be performance downsides. There are no plans to increase the supply. The convergence to binary will not affect the supply nor anyone's balances.

HusQy_IOTA
Both, Radix and Avalanche have some similarities to IOTA:
- Avalanche has a similar voting scheme and also uses a DAG
- Radix uses a sharding approach that is similar to IOTAs "fluid sharding"
I don't really consider them to compete with our vision since both projects still rely on fees to make the network work.
Centralized solution can however never be feeless and being feeless is not just a "nice feature" but absolutely crucial for DLT to succeed in the real world.
Having fees makes things a lot easier and Coordicide would already be "done" if we could just use fees but I really believe that it is worth "going the extra mile" and build a system that is able to be better than existing tech.
submitted by btlkhs to Iota [link] [comments]

Everything You Always Wanted To Know About Swaps* (*But Were Afraid To Ask)

Hello, dummies
It's your old pal, Fuzzy.
As I'm sure you've all noticed, a lot of the stuff that gets posted here is - to put it delicately - fucking ridiculous. More backwards-ass shit gets posted to wallstreetbets than you'd see on a Westboro Baptist community message board. I mean, I had a look at the daily thread yesterday and..... yeesh. I know, I know. We all make like the divine Laura Dern circa 1992 on the daily and stick our hands deep into this steaming heap of shit to find the nuggets of valuable and/or hilarious information within (thanks for reading, BTW). I agree. I love it just the way it is too. That's what makes WSB great.
What I'm getting at is that a lot of the stuff that gets posted here - notwithstanding it being funny or interesting - is just... wrong. Like, fucking your cousin wrong. And to be clear, I mean the fucking your *first* cousin kinda wrong, before my Southerners in the back get all het up (simmer down, Billy Ray - I know Mabel's twice removed on your grand-sister's side). Truly, I try to let it slide. I do my bit to try and put you on the right path. Most of the time, I sleep easy no matter how badly I've seen someone explain what a bank liquidity crisis is. But out of all of those tens of thousands of misguided, autistic attempts at understanding the world of high finance, one thing gets so consistently - so *emphatically* - fucked up and misunderstood by you retards that last night I felt obligated at the end of a long work day to pull together this edition of Finance with Fuzzy just for you. It's so serious I'm not even going to make a u/pokimane gag. Have you guessed what it is yet? Here's a clue. It's in the title of the post.
That's right, friends. Today in the neighborhood we're going to talk all about hedging in financial markets - spots, swaps, collars, forwards, CDS, synthetic CDOs, all that fun shit. Don't worry; I'm going to explain what all the scary words mean and how they impact your OTM RH positions along the way.
We're going to break it down like this. (1) "What's a hedge, Fuzzy?" (2) Common Hedging Strategies and (3) All About ISDAs and Credit Default Swaps.
Before we begin. For the nerds and JV traders in the back (and anyone else who needs to hear this up front) - I am simplifying these descriptions for the purposes of this post. I am also obviously not going to try and cover every exotic form of hedge under the sun or give a detailed summation of what caused the financial crisis. If you are interested in something specific ask a question, but don't try and impress me with your Investopedia skills or technical points I didn't cover; I will just be forced to flex my years of IRL experience on you in the comments and you'll look like a big dummy.
TL;DR? Fuck you. There is no TL;DR. You've come this far already. What's a few more paragraphs? Put down the Cheetos and try to concentrate for the next 5-7 minutes. You'll learn something, and I promise I'll be gentle.
Ready? Let's get started.
1. The Tao of Risk: Hedging as a Way of Life
The simplest way to characterize what a hedge 'is' is to imagine every action having a binary outcome. One is bad, one is good. Red lines, green lines; uppie, downie. With me so far? Good. A 'hedge' is simply the employment of a strategy to mitigate the effect of your action having the wrong binary outcome. You wanted X, but you got Z! Frowny face. A hedge strategy introduces a third outcome. If you hedged against the possibility of Z happening, then you can wind up with Y instead. Not as good as X, but not as bad as Z. The technical definition I like to give my idiot juniors is as follows:
Utilization of a defensive strategy to mitigate risk, at a fraction of the cost to capital of the risk itself.
Congratulations. You just finished Hedging 101. "But Fuzzy, that's easy! I just sold a naked call against my 95% OTM put! I'm adequately hedged!". Spoiler alert: you're not (although good work on executing a collar, which I describe below). What I'm talking about here is what would be referred to as a 'perfect hedge'; a binary outcome where downside is totally mitigated by a risk management strategy. That's not how it works IRL. Pay attention; this is the tricky part.
You can't take a single position and conclude that you're adequately hedged because risks are fluid, not static. So you need to constantly adjust your position in order to maximize the value of the hedge and insure your position. You also need to consider exposure to more than one category of risk. There are micro (specific exposure) risks, and macro (trend exposure) risks, and both need to factor into the hedge calculus.
That's why, in the real world, the value of hedging depends entirely on the design of the hedging strategy itself. Here, when we say "value" of the hedge, we're not talking about cash money - we're talking about the intrinsic value of the hedge relative to the the risk profile of your underlying exposure. To achieve this, people hedge dynamically. In wallstreetbets terms, this means that as the value of your position changes, you need to change your hedges too. The idea is to efficiently and continuously distribute and rebalance risk across different states and periods, taking value from states in which the marginal cost of the hedge is low and putting it back into states where marginal cost of the hedge is high, until the shadow value of your underlying exposure is equalized across your positions. The punchline, I guess, is that one static position is a hedge in the same way that the finger paintings you make for your wife's boyfriend are art - it's technically correct, but you're only playing yourself by believing it.
Anyway. Obviously doing this as a small potatoes trader is hard but it's worth taking into account. Enough basic shit. So how does this work in markets?
2. A Hedging Taxonomy
The best place to start here is a practical question. What does a business need to hedge against? Think about the specific risk that an individual business faces. These are legion, so I'm just going to list a few of the key ones that apply to most corporates. (1) You have commodity risk for the shit you buy or the shit you use. (2) You have currency risk for the money you borrow. (3) You have rate risk on the debt you carry. (4) You have offtake risk for the shit you sell. Complicated, right? To help address the many and varied ways that shit can go wrong in a sophisticated market, smart operators like yours truly have devised a whole bundle of different instruments which can help you manage the risk. I might write about some of the more complicated ones in a later post if people are interested (CDO/CLOs, strip/stack hedges and bond swaps with option toggles come to mind) but let's stick to the basics for now.
(i) Swaps
A swap is one of the most common forms of hedge instrument, and they're used by pretty much everyone that can afford them. The language is complicated but the concept isn't, so pay attention and you'll be fine. This is the most important part of this section so it'll be the longest one.
Swaps are derivative contracts with two counterparties (before you ask, you can't trade 'em on an exchange - they're OTC instruments only). They're used to exchange one cash flow for another cash flow of equal expected value; doing this allows you to take speculative positions on certain financial prices or to alter the cash flows of existing assets or liabilities within a business. "Wait, Fuzz; slow down! What do you mean sets of cash flows?". Fear not, little autist. Ol' Fuzz has you covered.
The cash flows I'm talking about are referred to in swap-land as 'legs'. One leg is fixed - a set payment that's the same every time it gets paid - and the other is variable - it fluctuates (typically indexed off the price of the underlying risk that you are speculating on / protecting against). You set it up at the start so that they're notionally equal and the two legs net off; so at open, the swap is a zero NPV instrument. Here's where the fun starts. If the price that you based the variable leg of the swap on changes, the value of the swap will shift; the party on the wrong side of the move ponies up via the variable payment. It's a zero sum game.
I'll give you an example using the most vanilla swap around; an interest rate trade. Here's how it works. You borrow money from a bank, and they charge you a rate of interest. You lock the rate up front, because you're smart like that. But then - quelle surprise! - the rate gets better after you borrow. Now you're bagholding to the tune of, I don't know, 5 bps. Doesn't sound like much but on a billion dollar loan that's a lot of money (a classic example of the kind of 'small, deep hole' that's terrible for profits). Now, if you had a swap contract on the rate before you entered the trade, you're set; if the rate goes down, you get a payment under the swap. If it goes up, whatever payment you're making to the bank is netted off by the fact that you're borrowing at a sub-market rate. Win-win! Or, at least, Lose Less / Lose Less. That's the name of the game in hedging.
There are many different kinds of swaps, some of which are pretty exotic; but they're all different variations on the same theme. If your business has exposure to something which fluctuates in price, you trade swaps to hedge against the fluctuation. The valuation of swaps is also super interesting but I guarantee you that 99% of you won't understand it so I'm not going to try and explain it here although I encourage you to google it if you're interested.
Because they're OTC, none of them are filed publicly. Someeeeeetimes you see an ISDA (dsicussed below) but the confirms themselves (the individual swaps) are not filed. You can usually read about the hedging strategy in a 10-K, though. For what it's worth, most modern credit agreements ban speculative hedging. Top tip: This is occasionally something worth checking in credit agreements when you invest in businesses that are debt issuers - being able to do this increases the risk profile significantly and is particularly important in times of economic volatility (ctrl+f "non-speculative" in the credit agreement to be sure).
(ii) Forwards
A forward is a contract made today for the future delivery of an asset at a pre-agreed price. That's it. "But Fuzzy! That sounds just like a futures contract!". I know. Confusing, right? Just like a futures trade, forwards are generally used in commodity or forex land to protect against price fluctuations. The differences between forwards and futures are small but significant. I'm not going to go into super boring detail because I don't think many of you are commodities traders but it is still an important thing to understand even if you're just an RH jockey, so stick with me.
Just like swaps, forwards are OTC contracts - they're not publicly traded. This is distinct from futures, which are traded on exchanges (see The Ballad Of Big Dick Vick for some more color on this). In a forward, no money changes hands until the maturity date of the contract when delivery and receipt are carried out; price and quantity are locked in from day 1. As you now know having read about BDV, futures are marked to market daily, and normally people close them out with synthetic settlement using an inverse position. They're also liquid, and that makes them easier to unwind or close out in case shit goes sideways.
People use forwards when they absolutely have to get rid of the thing they made (or take delivery of the thing they need). If you're a miner, or a farmer, you use this shit to make sure that at the end of the production cycle, you can get rid of the shit you made (and you won't get fucked by someone taking cash settlement over delivery). If you're a buyer, you use them to guarantee that you'll get whatever the shit is that you'll need at a price agreed in advance. Because they're OTC, you can also exactly tailor them to the requirements of your particular circumstances.
These contracts are incredibly byzantine (and there are even crazier synthetic forwards you can see in money markets for the true degenerate fund managers). In my experience, only Texan oilfield magnates, commodities traders, and the weirdo forex crowd fuck with them. I (i) do not own a 10 gallon hat or a novelty size belt buckle (ii) do not wake up in the middle of the night freaking out about the price of pork fat and (iii) love greenbacks too much to care about other countries' monopoly money, so I don't fuck with them.
(iii) Collars
No, not the kind your wife is encouraging you to wear try out to 'spice things up' in the bedroom during quarantine. Collars are actually the hedging strategy most applicable to WSB. Collars deal with options! Hooray!
To execute a basic collar (also called a wrapper by tea-drinking Brits and people from the Antipodes), you buy an out of the money put while simultaneously writing a covered call on the same equity. The put protects your position against price drops and writing the call produces income that offsets the put premium. Doing this limits your tendies (you can only profit up to the strike price of the call) but also writes down your risk. If you screen large volume trades with a VOL/OI of more than 3 or 4x (and they're not bullshit biotech stocks), you can sometimes see these being constructed in real time as hedge funds protect themselves on their shorts.
(3) All About ISDAs, CDS and Synthetic CDOs
You may have heard about the mythical ISDA. Much like an indenture (discussed in my post on $F), it's a magic legal machine that lets you build swaps via trade confirms with a willing counterparty. They are very complicated legal documents and you need to be a true expert to fuck with them. Fortunately, I am, so I do. They're made of two parts; a Master (which is a form agreement that's always the same) and a Schedule (which amends the Master to include your specific terms). They are also the engine behind just about every major credit crunch of the last 10+ years.
First - a brief explainer. An ISDA is a not in and of itself a hedge - it's an umbrella contract that governs the terms of your swaps, which you use to construct your hedge position. You can trade commodities, forex, rates, whatever, all under the same ISDA.
Let me explain. Remember when we talked about swaps? Right. So. You can trade swaps on just about anything. In the late 90s and early 2000s, people had the smart idea of using other people's debt and or credit ratings as the variable leg of swap documentation. These are called credit default swaps. I was actually starting out at a bank during this time and, I gotta tell you, the only thing I can compare people's enthusiasm for this shit to was that moment in your early teens when you discover jerking off. Except, unlike your bathroom bound shame sessions to Mom's Sears catalogue, every single person you know felt that way too; and they're all doing it at once. It was a fiscal circlejerk of epic proportions, and the financial crisis was the inevitable bukkake finish. WSB autism is absolutely no comparison for the enthusiasm people had during this time for lighting each other's money on fire.
Here's how it works. You pick a company. Any company. Maybe even your own! And then you write a swap. In the swap, you define "Credit Event" with respect to that company's debt as the variable leg . And you write in... whatever you want. A ratings downgrade, default under the docs, failure to meet a leverage ratio or FCCR for a certain testing period... whatever. Now, this started out as a hedge position, just like we discussed above. The purest of intentions, of course. But then people realized - if bad shit happens, you make money. And banks... don't like calling in loans or forcing bankruptcies. Can you smell what the moral hazard is cooking?
Enter synthetic CDOs. CDOs are basically pools of asset backed securities that invest in debt (loans or bonds). They've been around for a minute but they got famous in the 2000s because a shitload of them containing subprime mortgage debt went belly up in 2008. This got a lot of publicity because a lot of sad looking rednecks got foreclosed on and were interviewed on CNBC. "OH!", the people cried. "Look at those big bad bankers buying up subprime loans! They caused this!". Wrong answer, America. The debt wasn't the problem. What a lot of people don't realize is that the real meat of the problem was not in regular way CDOs investing in bundles of shit mortgage debts in synthetic CDOs investing in CDS predicated on that debt. They're synthetic because they don't have a stake in the actual underlying debt; just the instruments riding on the coattails. The reason these are so popular (and remain so) is that smart structured attorneys and bankers like your faithful correspondent realized that an even more profitable and efficient way of building high yield products with limited downside was investing in instruments that profit from failure of debt and in instruments that rely on that debt and then hedging that exposure with other CDS instruments in paired trades, and on and on up the chain. The problem with doing this was that everyone wound up exposed to everybody else's books as a result, and when one went tits up, everybody did. Hence, recession, Basel III, etc. Thanks, Obama.
Heavy investment in CDS can also have a warping effect on the price of debt (something else that happened during the pre-financial crisis years and is starting to happen again now). This happens in three different ways. (1) Investors who previously were long on the debt hedge their position by selling CDS protection on the underlying, putting downward pressure on the debt price. (2) Investors who previously shorted the debt switch to buying CDS protection because the relatively illiquid debt (partic. when its a bond) trades at a discount below par compared to the CDS. The resulting reduction in short selling puts upward pressure on the bond price. (3) The delta in price and actual value of the debt tempts some investors to become NBTs (neg basis traders) who long the debt and purchase CDS protection. If traders can't take leverage, nothing happens to the price of the debt. If basis traders can take leverage (which is nearly always the case because they're holding a hedged position), they can push up or depress the debt price, goosing swap premiums etc. Anyway. Enough technical details.
I could keep going. This is a fascinating topic that is very poorly understood and explained, mainly because the people that caused it all still work on the street and use the same tactics today (it's also terribly taught at business schools because none of the teachers were actually around to see how this played out live). But it relates to the topic of today's lesson, so I thought I'd include it here.
Work depending, I'll be back next week with a covenant breakdown. Most upvoted ticker gets the post.
*EDIT 1\* In a total blowout, $PLAY won. So it's D&B time next week. Post will drop Monday at market open.
submitted by fuzzyblankeet to wallstreetbets [link] [comments]

Student Loan Default: The Guide (ReUploaded)

NOTE: I'm pasting this guide from where I originally found it, over on Studentloandefaulters. It was originally pasted there from someone who found it after the original was deleted.

Student Loan Default: The Guide (reuploaded)

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The original guide that was recently deleted here: https://www.reddit.com/studentloandefaulters/comments/cg1fd7/student_loan_default_a_guide/
I take no credit for this post, just happened to have it saved in a document and thought I'd be doing an injustice by not sharing this information once I saw the original post was missing! All credit goes to the original author, and without further ado...
Student Loan Default: A Guide
I’ve been wanting to write this for a long time, and seeing that person be in $500,000 of debt and no one really helping him on studentloans, I felt it was time to summarize everything I’ve learned. While there is great information on this sub, it is not centralized. It requires some digging. I hope now to bring all of it to the surface.
Definitions:
Strategic Default: When a borrower realizes that he or she can spend less money by not paying a loan. The borrower waits out the statute of limitations and then either settles or waits the debt out.
Shills: People who are paid to prevent the spread of student loan default information
Statute of Limitations: The number of years your state requires before a debt can no longer be collected.
Cosigner: The poor person who is just as legally required to pay your loans as you are
Foreign Earned Income Tax Exclusion: A tax rule that states any US citizen can earn up to about $100,000 a year in another country and report their US taxes as 0.
Fraudulent Transfer: When a party tries to move assets to someone else in order to avoid a lien on their property.
Lien: Essentially when the government slaps a bill onto your property forcing you to pay off a debt before you can sell the property.
Income Based Repayment (IBR): Federal loans can be paid with 15% of your discretionary income (money earned after taxes) instead of a higher, unpayable amount
Aggregate Student Loan Limit: The total amount a student can take out before the federal government or a private lender stops authorizing new loans
Wage Garnishment: When a court forces your employer to take out a certain percentage of your paycheck to pay back a debt
Bank Levy: When the government or a court takes all of the money directly out of your bank account to pay a debt
Private Loans: Loans that originate from anyone but the federal government. These loans have a statute of limitations and less power but higher interest rates.
Federal Loans: These loans have no statute of limitations, the government can collect anything you earn to get these back, and they come with IBR which is manageable
Sallie Mae: The worst private lender on the market. They only offer deferment for four short years.
Forbearance: A period where you do not have to pay your student loans, but interest accrues.
Deferment: A period where you do not have to pay your student loans, but interest does not accrue.
Credit Score: A number that tells people how responsible of a borrower you are.
Student Loan Tax Bomb: After you have paid for 10 - 25 years on your federal loans, you are forgiven the rest. That is considered income by the IRS. You then add this “income” to your regular income for the year and pay the tax. It can be over $10,000.
Insolvency: When you are unable to pay your debts. This works well for defusing the student loan tax bomb.
Public Service Loan Forgiveness: If you work for 10 years at a government job, you can get your entire federal student loan balance forgiven. In 2019, the feds are making it near impossible to collect. This could change.
A note on cosigners before we begin: Look, your cosigner is probably going to be very mad at you. Prepare for your relationship to be strained. You need to try and get them on the same page as you, and I do offer a tactic here to at least shift all of the financial burden off of your cosigner below. If you decide to do any of these tactics without getting your cosigner off the hook, there could be more risk involved if you or your cosigners have a lot of assets.
Strategy
Student loan default is a strategy. And to have a good strategy, one must plan as much as possible. You have to know all of your options. While strategy is your overall game plan, tactics are the individual options you have to get your strategy accomplished. Below are the tactics that you can employ to beat the student loan companies.
Tactics
Paying Your Loans: [low risk] In the rare chance you have anywhere between $1,000 to $20,000 in federal student loans and you have completed your bachelor’s degree, you should probably just pay the damn loans. All you have to do is set up an auto debit and forget about it. It will be about 15% of your income. You really want to try and avoid consolidating if you can, because it will count against some of your IBR payments. You would also lose your grace period if you did this. At the end of 10 to 25 years, you will be forgiven all of the loan amount you did not pay. That forgiven amount is considered income by the IRS, so you will be put into a higher tax bracket. I would get an accountant when this comes. In your case, your tax bomb will be low enough where you could probably just pay it. If you want to really shake things up though, you are welcome to try either the Asset Creation Tactic or the Madlad Method below. Here is more information on Income Based Repayment: https://www.studentdebtrelief.us/repayment-plans/income-based-repayment-plan/
Default Private IBR Federal (Staying Put): [low risk] The standard strategy here on studentloandefaulters. As mentioned above, for the federal loans, it’s best to just IBR and automatically debit your bank account each month and forget about it. For the private loans, this is where the game begins. Your overall plan here is to default, wait out the statute of limitations in your home state, and either settle the debt for less than 30% or just hope they leave you alone and you don’t pay at all. From this moment on, whatever you would have paid for your private monthly bill, sock that money away. Once you go past 120 days of no payments, you are in default. This is where the phone calls come in. They will start to harass you. They will call your work, your cell phone, your cosigner, etc relentlessly. Most likely, they’ll start doing this before you get to default. As they call you, you can either just give them the cold shoulder or start immediately acting like you do not own the debt. Never admit that you own the debt. Tell them you think they are crazy and have the wrong person. Inform your cosigner to do the same. Once your loans are sold to a collection agency, wait until they call you and ask for verification of the debt. If they do not provide it, you won. Chances are, they will be able to verify it, so just make sure you never admit to the debt on the phone or make a payment. If you make a payment, you’ll reset the statute of limitations. Do not give them five dollars, two dollars, a penny. If they do sue you, show up for court. Get a lawyer if you can afford it. You have to show up to court, or they win automatically. Even if you don’t have a lawyer in court, you need to make them verify the debt. You could still lose here. If you do lose in court, go to my tactic of “The Cat and Mouse Game.” They are playing a numbers game, and if you are harder to sue than John Smith down the street, they may prey on him or her instead of you. Now, there are four states in the United States that do not have wage garnishment: Pennsylvania, North Carolina, South Carolina, and Texas. You could move there, and if you have barely any assets, you are considered judgement proof. This means you’re not worth the time to be sued, because you have nothing to take and cannot be garnished. Moving is hard, though, so that’s a personal decision. Also, from what I understand, if you do move to these states, you can switch your statute of limitations over to their states which may be less time until you cannot be sued anymore. If you do lose and just want to stop here, you could get your bank levied and you could be slapped with up to a 25% wage garnishment until paid in full Clarification: a lot of people do not ever get garnished, and bank levies are rare (they are non-existent on federal loans). Do not let this freak you out!. I repeat this is super rare and not likely to happen. Anyways, you have options at this point. If it does happen, try another tactic like leave the country or cat and mouse below.
Default Private Default Federal: [medium risk] Some of the wilder people have attempted to default on both federal and private loans in order to do a cash settlement. The same strategy above in Default Private IBR Federal applies, but realize that the US government could just step in and do an administrative garnish on you eventually. If you were living some sort of cash existence, you could potentially avoid them and then write them a money order and settle for 30% or something. This way, you avoid the tax bomb and would probably pay a lot less interest overall. If you do this and it works, I would love to hear about it.
Cat and Mouse: [medium risk] So, you want to avoid getting sued or you lost a judgement? You don’t have to sit back and take it. u/nowaysalliemae has successfully avoided being sued by essentially going on the run. You see, to be sued successfully, they need to know where you work. If you get sued, move to another state, and switch jobs, they have to do the entire process over again! This means find you, verify the debt, sue you, etc. You can essentially do this until your statute of limitations runs out. And then, you dispute the debt on your credit score. They take it off at that point, and you just saved a lot of money. I decided to put this as medium risk, because moving around a lot would require some luck. Especially since you would need to work wherever you go, there are a lot of moving parts here. I think it is totally doable, and if you are an adventurous personality type, it could be a lot of fun. This only works for the private student loan side, because the US government has a lot more power. You would still IBR your federal loans on this tactic. For more information, go through nowaysalliemae's post history.
Leave the Country: [medium risk] What if you want to avoid all of this altogether? Do you want a reset button on your life? You can just leave the country and start over. Seriously. Your credit score does not follow you across countries. The federal government cannot garnish your paycheck if you work internationally. You are not a criminal doing this. Furthermore, there is something called the Foreign Earned Income Tax Exclusion. Since you will still IBR your federal loans on this plan, as long as you make less than $100,000 in another country, your US income is zero. This means you just got a free education while you make money in another country. Once you pay zero for 25 years, you will have to defuse your student tax bomb. Tactic Below. Private companies do not stand a chance here. There are countries in the commonwealth such as Australia and Canada that are more willing to take you in if you meet certain requirements. You could teach English at a bunch of places. You could apply for residency at these places or be a perpetual tourist. A perpetual tourist is someone who essentially moves to a new country, goes to a neighboring country for a weekend, and then goes back to that new country they are trying to start a new life in*. This in no means you have to go back to the U.S. Ever. For example, you want to live in Panama forever, every 90 days, you take a weekend trip to Nicaragua. You come back to Panama after the weekend is over and get another 90 day pass. Rinse and repeat. This gives you another 90 days in your country of choice. If you make money on the internet, this strategy would work pretty well. You can just be a perpetual tourist or marry someone in another country and start a new life. This will not be a good fit for everyone, but there’s something exciting about this. If you are young, single, and restless, this could be the adventure of a lifetime. Here's more info on being a perpetual traveler and the FEIE: https://www.escapeartist.com/blog/perpetual-traveler-us-tax-code/
Suspend Payment Without More Debt: [low risk] So recently, it has been brought to my attention that there is a community college, Luna Community College (in Las Vegas, NM), that has tuition so low you could go half time all year for about 684 dollars. They have a small amount of associate's degrees. If you just want to stop paying without taking any more loans, this would be the way to do it. You could do this for many years. Luna Community College's tuition matrix: https://luna.edu/tuition_matrix
Convert Private Loans to Federal: [low risk] From this point on, these are my special tactics I’ve been thinking about. They might work really well for some people. So, you have a bunch of federal loans and a good amount of private loans. You don’t want to fight debt collectors or move around. Try this. This plan only works if you have a bachelor’s degree though. Anyways, there is a special loan offered by the US Federal Government called the Graduate Plus Loan. This loan is incredible, because there is no aggregate student loan limit. In other words, you can borrow as much money as you want here. Even a million dollars no questions asked. All you need is no delinquency or default on your credit report. If you do have these things, you can get a cosigner in on the plan. They won’t ever be responsible anyways because you will defuse the tax bomb at the end. This works to your advantage, because you could go back to school at the graduate level, get a diploma mill master’s degree online, use your room and board payment to start paying off your private loans ASAP. Just make sure you are doing whatever your school considers half time enrollment in order to avoid student loan payments while doing this. Once you’ve gone to school long enough and converted all of your private loans to grad plus loans, you could just go on an IBR plan. This will at least make your life manageable. You would have to defuse your student tax bomb once this is over. Tactic below.
Convert Federal Loans to Private: [medium risk] So, what if you wanted to go the opposite way? Maybe you want to convert all of your federal loans to private ones, default, and then leave the country? Hey, maybe there are reasons you want to hurry up the settlement process. You could essentially do the same strategy as above, but instead just borrow from Sallie Mae, Wells Fargo, etc until all of your federal loans are paid off. Then, either cat and mouse or leave the country. I don’t think a lot of people would find a use for this, but hey who knows?
Asset Creation Method: [high risk] What if you wanted to not just pay off your loans but get ahead in life? Maybe you feel like using your student loan debt to your advantage. Thanks to the work done by u/BinaryAlgorithm, you could really come out on top here. Remember those Grad Plus loans we were talking about? Well, there’s nothing stopping you from continually borrowing all year on these loans, investing the room and board, and acting as if you do not have the debt in the first place. While I had originally said that rental property does not count as income, I cannot find any documentation proving this. You can still invest this money however you want, and you just defuse the tax bomb at the end (if anyone can find that documentation, please let me know). I did find that rental properties offer a lot of ways to reduce your adjusted gross income (management fees, advertising, etc), and these could reduce your income closer to zero. We’re not done here. Moreover, you could get a job that qualifies for Public Student Loan Forgiveness, enjoy your investments, and then pay for the 10 years. Be sure to convert all loans to federal before starting this tactic. I only put this as high risk, because the whole plan falls apart if Grad Plus loans get capped. Will they? Probably not, because those are the loans doctors and lawyers take out to go to their professional schools. It would take an act of congress to change the way the law stands now, but still, you should know that. This plan spans decades, so a lot can change. Also, having this many installment loans may lower your credit score over a multitude of years, but based on what everyone has found out here, it's not by much. For more information, go to this subreddit's search bar and type in "aggregate" and go look at BinaryAlgorithm's two posts on the subject.
Defusing the Student Tax Bomb: [low risk] So lucky for you, I talked to an actual lawyer and an actual IRS agent about this. This is completely legal and doable. Okay, so you were a good person and paid your IBR for 25-30 years. What now? Well, you’re about to be hit hard with a tax bomb. All of that money that is now forgiven counts as income on your taxes. This could mean a bill in the tens of thousands if you combined this with any of the other methods here—or just borrowed a lot to begin with. Luckily for us, there is something called insolvency. This means you are unable to pay your debts, and there is a really simple formula for whether or not you are insolvent. As long as you have more liabilities than assets at the time of student loan forgiveness, you are considered insolvent. In other words, right before you are about to be forgiven, like year 24 out of 25, you would take out a loan on something. All you would need to do is buy a house, buy a car, or buy something with a huge price tag. As long as your liabilities are way higher than your assets (like aim for 100K or something more), you are considered insolvent and you don’t have to pay any of the tax bomb. Boom. The IRS agent said this is fine. The lawyer said this is fine. I cannot believe this is fine. Where could you get the money to borrow for a house? Check Asset Creation method above. You could always sell the asset after the tax bomb is dealt with. For more information on defusing the student loan tax bomb: https://lawyerist.com/defusing-student-loan-interest-tax-bomb/
Getting Your Cosigner Off the Hook: So 90% of us have cosigners based on some statistic I read. These people are going to pissed at you, because they get harassed. If you have a lot of time to plan your strategy out, you can simply convert all of your private loans to federal ones. They are no longer responsible. The plan is above. Check out “Convert Private Loans to Federal.” Furthermore, if you are attempting to go the default route with private loans, you could potentially get your cosigner off the hook by refinancing your student loans without the cosigner. After you refinance, you could just default then. You would need good credit and meet certain requirements for this. Also, if you plan on defaulting, you might want to get your cosigner to transfer their assets to their spouse or someone trustworthy. Even though liens are rare, this could give you some peace of mind. As long as about 3-5 years go by, this is no longer considered a fraudulent transfer. Your state will have certain rules about this. If you are from Florida, apparently houses are untouchable there. You will need a lawyer to plan the asset transfer. At the same time, you may not be able to get your cosigner off the hook. Make peace with that. Student loans are brutal, so all you can really do is educate yourself and your cosigner and hope you come out on top.
Madlad Method: [high risk] Now, here comes my personal plan. This is what I’m doing, because I want to live a life on my terms and not really work for anyone my entire life. I’m also not a normal person, so this will probably appear crazy to some or most of you. So at this point, if you understand all of the methods before you, you are a powerful player in the student loan circus. You can do anything from fight the man to maliciously comply and bankrupt the system while becoming upper-middle class. I don’t really care for any of that. I want to go to a tropical paradise and make music for 20 years, so here is my interpretation of everything. I have some federal loans and private loans. I net about 25K a year through the Grad Plus loans, and I work about 4 hours a week in the online classroom. I take that federal loan money, and I sock away a few hundred every month to save up for my private loan settlement in about five years. Since I save 300 every month, I’ll have about 18K in 5 years when I go into default. I will settle ASAP. At the same time, I will continue to go to diploma mill universities, get master's degree after master’s degree, and move to a Latin American country where the cost of living is even lower. This way, my 25K a year puts me in the upper class of that country. I can live where I want and really do whatever I damn well please for as long as the Grad Plus loans are around. As an added bonus, I will already be starting a new life in another country where I can make connections and maybe even get married. I studied linguistics, so I know how to teach English. I can do that if I want a source of income anywhere. So there is my plan, and honestly, one day we might get someone in office who just wipes out all of this debt anyways. If that’s the case, I can just play the waiting game until all of this is over. Here are the rules on adverse credit history and Grad Plus loans: https://studentaid.ed.gov/sa/sites/default/files/plus-adverse-credit.pdf
Final Thoughts: Defaulting on student loans is not immoral or a sin. It is a business decision. Everyone else gets bailouts, why should student borrowers be any different? You’re going to have to ignore the people who tell you why they think you should be a good little slave and pay your loans. Those people are not your friends. Those people are not on your side. Some of the best advice I ever received in life was you have to do what’s best for you. Also, if you have anything you would like to add to this or would like to challenge, please let me know. I want this to be as accurate as possible. I will be looking at this perpetually to make sure there are no errors. Take care. Good luck. You can do this.
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