Get started

Wealth

PINS - One of Potential Future Trending Business The world shocked by corona virus that kill 682.885 people around the world. Until now, this virus still spreading and haunting many country (mine including). So sad. People then making many policy to disrupt this virus and stop it to spreading again. One of the policies is social distancing that made many traditional business suffered and slow down global economy. In fact, triggered economy crisis in USA, and Europe. But not all business down, some of them survive even growing nowadays. One of them is social media business. Here, I share about PINS, a code stock of Pinterest. Pinterest is a "social network" with boards. It is like you pin an image and short information on the board. Making people know what is your thoughts and ideas. A simple idea but can visualized beautifully by Silbermann. With the features like that, people can use Pinterest for make a catalogs and triggered shopping; data analysis by company to track the popular items among market to build their marketing strategy. So, generally, it has a potential future business. And with this corona virus and social distancing, this Pinterest growing more and more. Okay, now, lets see the chart. PINS making bullish pattern, challenged 26-28. and all of sudden broke out with huge gaps.This reflected a urgency movement from buyers. And gives us a clue the potential future movement for this PINS. Now, buyers once again facing the strong resistance 34-36 of sellers territory. If they can breakout this resistance, and making solid ground after that, then, buyers has a high possibility can reach 57-58. An interesting target for this PINS. So, make PINS as your watchlist and monitor its movement. Stay blessed Jee
NYSE:PINSLong
by Jee_D
NZD CAD Sell 700 Pip Opportunity NZDCAD currently in a downwards channel and top channel is holding. This pair will start to make its way back down towards the bottom of the channel. Entry: Wait for confirmation with a daily bear candle close under the up trend line. Indicators: 1. Pair currently trading in downwards channel acting as resistance. 2. Historically this channel has held so expectation is downwards movement. 2. Weekly RSI overbought bulls are weakening. TP levels at past support/pivot levels. As this pair breaks the trendline, take small profits of 40-50 pip ranges as movement may be slow. Otherwise this is a great trade for long term. Good luck trading! Charles V CVFX Management Trading made simple.
Short
by cvfxwealth
1
AUDCAD Sell +150 to 500 Pip Opportunity AUDCAD is overbought and looking for a large downward movement. Short-term we are looking at 150 Pips to the downside Long-term we are looking at 300 to 500 pips Indicators: Look left rule- If you look at history, the current area where this currency has been a strong pivotal point, dating a few years. This is now acting as Resistance. Daily and Weekly time frames are overbought (Larger time frames dictate main direction) Conditions to Enter: Close of daily candlestick under the current up trend line, this will confirm a break to the downside. Entry: 1. Bear candle close under up trendline 2. Retest of up trend line on the backside. TP1 at next support TP2 at main weekly support SL if prior high is broken Good luck trading! Charles V CVFX Management Trading made simple
Short
by cvfxwealth
USDCHF This pair is in a phase of consolidation but it has just crossed 13&50 EMA indicating that we could see this pair move towards the Daily Resistance Zone (Green). This will be an area where I'll be looking to go short. DRZ(Green Zone) = (0.97500-0.98050) Furthermore, above the DRZ there is a Weekly Resistance Zone which is even stronger than the Daily level. If the market decides to break above DRZ, then we could see the market head towards the Weekly Resistance Zone. (Red Zone WRZ)= (0.98450-0.99085) Green Support Zone(0.96360-0.96520)
by Deensesay
"Free stuff" part 1: Just tax the rich!Part 1 of my 2 parts (or more?) article on "free stuff". I will start immediatly by saying that the ultra rich did not become rich by "earning income". They got there by asset appreciation. Jeff Bezos did not "earn" 150 billion in wages. His company valuation went way up. So therefore it is impossible for the government to tax the super rich wealth like this. What would they do? Confiscate their shares and sell them? To what idiot? The way for the government to tax the super rich wealth is to nationalise their companies. This is what is called socialism. Works absolutely great. They can also confiscate land and give it as bribes to their electorate, like Zimbabwe did. It took a few months for Zimbabwe to say "we are starving we beg you to come back". Anyone that expects the government to be competitive (lol), or some bureaucrat to be innovative (double lol) is seriously delusional. Ignorant people can argue all they want: it got tried countless times and always failed in the same way. The debate is settled. The only industries that make sense to nationalise are the natural ressources of a country. Extracting Oil in particular. And most people can agree that this is quite fair. Exploiting the country ressources and of course sharing it with the country is fair. Robbing the hard work of someone isn't. France is the biggest spender in the world. They spend 55.5% of the GDP. GDP is 2400 billion euros in 2019. They got a whooping 87 billion euros from income tax. The upper bracket is 45%. Plus 66-70 billion with taxes on companies. The chart I drew with redistribution. It takes from the rich and raises the bottom 20%. The lower middle class gets scammed because those at the bottom, which are mostly handicapped and very low IQ and so on (they make almost nothing before government spending because they can't work most of the time), get uplifted up at the level of the bottom middle class. What all those numbers do not show: high taxes on companies means all this money goes to the government, not to the workers, and then the government redistribute it. Look. The ENTIRE income tax brought 87 billion. Not just the rich. And the government spends way more. On this page they have a 200 billion project to repay the debt. www.aft.gouv.fr In the entire budget it's "only" 330 billion, but that's not 55% of gdp, I guess all the rest is just regular spending (paying police etc) that is not counted in it? According to the french tax site impotsurlerevenu.org The top 1% pay 25% of income tax, and the next 9% pay 35%. With basically a 50% tax on the top 1%. They get about 21-22 billion euros from the top 1%. Historically raising taxes on the rich has lowered revenue (and raising on every one has increased revolts by a 10000 factor). Won't go into this, don't want to make this too long. Assume the top 1% was taxed at 100% and they're absolute suckers they keep making as much money for others. Woohoo! France got an additional 20 billion. With this they can... do nothing... People at the bottom, which on average have a much lower IQ but it's a coincidence, think the rich have a horn of plenty, they think so little of themselves (maybe they're right about that) that they see the rich as absolute gods that can multiply bread & wine, but so evil that they keep it all for themselves. A fun fact is that when the rich put money into the bank or in stocks, it does create some inflation, it would be wrong to say "money not spent is as if it didn't exist", there will be some inflation (althought very little just look at the BoJ they printed so much cash to create inflation and that cash just slept in safe deposits and created nothing, it only creates inflation if the bank lends it...) Either way, both if the rich keeping their money creates some inflation or nearly none, when the government spends it it creates way more. And we have seen that the rich are not demi-gods that single handidly generate the whole GDP of a country (lol). All this "redistributed" money comes from 80% of the populaition, via various taxes (including value added taxes which clearly reduced purchasing power), and via inflation, via government printing money or monetizing debt which steal wealth from the current generation, and the gov taking debt that steals wealth from the future generation. Taxing the rich won't create heaven on earth. Apart from making voters happy, and maybe feeding those at the bottom 20%, it doesn't do anything. If taxing the rich made every one happy and beautiful and wealthy and equal, wouldn't the Soviet Union have done it? Why does China Gini not decrease after the rich get taxed? Hey and what about the fact that Irish- and African- americans poorest periods were when they were getting a ton of welfare, and best periods economically were when they were getting the least? I looked again at some pictures from the great depression. People in line for free soup. Both whites & blacks. They disliked getting their picture taken. And they hated having to queue for soup. They had dignity back then. Compared to today where the government has grown and grown and people of their own will want "free stuff". Absolutely shameful. Taxing reduces inequality. Yes. It works. It works by uplifting the bottom 20% that cannot survive on their own. Koko the gorilla. Koko the gorilla won't go to college. Before the government "help" did you know that university in the USA was really cheap, and poor kids that went there could take a summer job to pay for it? And you didn't need a university diploma for most jobs? By "helping", the government has destroyed the system. Universities got super expensive. Students get massive debt. Jobs all require diplomas now, for no reason. Spoiled brats shot themselves in the leg. Well done. By "helping", the government has also made house prices go waaaaay up. Absolute bubble. The winners are those that owned a house before. And the population that cheered, now can barely afford a roof over their head, some get evicted. Well done. Why is all this so hard to understand? What's in people head? Koko the gorilla probably shouldn't be allowed to vote! All the Koko the gorillas that think in an emergency we will "just tax the rich" and we will all be fine are going to get a nice surprise and lesson. Lots of big city folks that don't get enough sleep, play a ton of fantasy games, and drink lots of coffee (its an opoid drug btw), completely detached from reality. If no one makes stuff, there is no stuff. "The rich" don't have a magic pot with enough stuff for every one. Inequality went up with industrialization (wageslavery): link.springer.com So... To increase equality, really smart voters want to hurt business and produce job security? Yes, less business and more wageslavery, that's what is required! www.researchgate.net readersupportednews.org Lmao suckers got convinced that they will die without the government and their only hope is the government taxing the horn of plenty rich. I'll end this here or it will be too long. One last chart: www.vox.com Wow! Wealth inequality was lowest in the mercantile capitalism era! During the time of kings not greedy politicians that lie to get votes! WOW! I never saw that coming! Before "secure jobs". Before "tax the rich". What a surprise! Tax was 99% back then right? No? 1%? LIES! It's so obvious to me. But suckers are too dumb to understand this and shoot themselves in the leg. And I might have to move abroad, because they might start a revolution to get more of the bad things that hurt them (lol). So many people are naive. The rich are not demigods. The rich are not santa claus. The government does not have a magic wand to steal wealth from the demigod rich to create an utopia. Chill out and get your lazy bums to work!
by MrRenev
9