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The NRA files bankruptcy. Big Deal or Big Nothing? A thread. @SaysDana @CheriJacobus

 First let's talk bankruptcy. What is it? You get protection from debts, but you have to tell highly trained federal officials EVERYTHING about your business and convince your creditors that you are being honest. It is a significant hurdle and requires you to reveal A LOT.
And the NRA has A LOT to hide. For instance, it is actually a complete fraud. It raises money from gun loving suckers and funnels MILLIONS to a shady "ad agency" Ackerman McQueen which is the actual thing scamming suckers for profit.
We know this because during a leadership squabble between Ollie "Felon" North and Wayne "Cynical Greed Personified" LaPierre, the NRA sued Ackerman McQueen accusing it of overbilling and then all hell broke loose. https://t.co/iCR374yj1z
Among the entertaining parts of that pissmatch, was Ackerman outing LaPierre's summer "intern." https://t.co/x2MAPX0IXT
The WSJ leaked docs from that fight that showed that Wayne "Just Like Manafort" LaPierre spent $274,695.03 at "the Zenga store" in Beverly Hills, CA.
The NRA is operated as a fundraising arm for Ackerman McQueen. AM siphons off MILLIONS for "advertising" but uses sizeable amounts of that to pay lavish percs to McQueen and others. JUST LIKE THE TRUMP "CAMPAIGN." Board members and donors/suckers are kept in the dark.
If you dig this kind of thing, please follow. I use my political/legal commentary as a way to trick people into listening to my music. https://t.co/3T72AgvRSl
The Ackerman McQueen/LaPierre situation is what caught the eye of the NYAG resulting in a suit to eliminate their charity status in NY. Eliminating that status would eliminate the NRA and force it to reorganize elsewhere, if it can. https://t.co/EkSmMYcz35
As described by the NYAG, LaPierre and his hand-picked minions created a scheme to pay themselves while avoiding oversight of the NRA board and income tax. Because they are criminals.
The NY complaint is significant, but I will skip to the relief sought - all of which is entirely justified by the facts: First - dissolve the NRA and require all future assets be used for its charitable mission.
Declare that the insiders and board members LOOTED THE NRA (which they have always done)
Toss LaPierre in the garbage and ban him from all future charitable activity.
Require LaPierre and his minions to pay back the millions they looted
And this is a big one - require the NRA to account (which is to exhaustively explain) where it spent all the money it raised - AND where it got that money).
Now I haven't looked at the bankruptcy filings (yet), but I can GUARANTEE that a bankruptcy trustee and federal bankruptcy aren't going to look at those allegations and just allow the NRA to wash its hands and move to Texas.

Dirk out

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“Coffee? What does that have to do with payments?” I’m glad you asked.

Convenience stores are low net margin businesses, which sell some high gross margin goods/services but a lot of low ones, and have high fixed costs and a low ticket size. The typical transaction is under 500 yen ($5) and many are about $1.

They need repeat custom.

A few years ago, all of the chains had a good idea for increasing frequency of use: make a minor capital investment in automatic coffee machines. Sell access to them for the price of a cup / ice; customers self-serve with the machine.

The price point is $1 to about $2.

Coffee quickly became one of the most frequently repurchased items at convenience stores, in no small part because it’s the one thing they can sell which is phameceutically habit forming but totally unregulated. (Just telling it like it is.)

But the coffee is not very defensible

The problem, such that it is, is that competing chains are everywhere and *all* of them serve Thoroughly Adequate Coffee at similar prices, so you’re back into the brutal economics of “Who is 3 meters closer to 40 customers at 1 office?”

Enter payment apps.
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Prashant Shah
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Thread: P&F Super Pattern

An effective price pattern defined using properties of P&F charts.

#Superpattern #Pointandfigure #Definedge


Point & Figure is an oldest charting method where price is plotted vertically, and the chart moves only when price moves. It is a different way of looking at the price, the objective box-value and reversal value offers advantage of identifying objective price patterns.

When price is moving up, it is plotted in a column of 'X'. When it is going down, it is plotted in a column of ‘O’. Normally, three-box reversal criteria is used to define the trend & reversal. Unlike a bar or candle, the P&F column can have multiple sessions in it.


Link to know more about the subject:
https://t.co/2xtLAVPBvm

See below chart. Price is in a strong uptrend, P&F chart would produce a long of column of 'X' with more number of boxes in it.


If such a trend is followed by some time bars without meaningful price correct, P&F chart would not move, and it will remain in column of 'X' in such a scenario.
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10-K Diver
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Get a cup of coffee.

Let's kickstart 2022!

To that end, here are 22 key concepts to help you appreciate and achieve Financial Independence.

Concept #1.

What is Financial Independence?

It's a state of *self-sufficiency*. It's when you have enough money, and enough income-producing assets, that you and your family can live comfortably for the rest of your lives -- WITHOUT needing a job.

Concept #2.

Financial Independence is not really about spending MONEY how we like -- although, to an extent, that becomes possible.

It's about being FREE to spend our TIME how we like.


Concept #3.

Financial Independence is not really about quitting our jobs and retiring from work -- although that's possible.

It's about being FREE to pursue *whatever* kind of work we find most fulfilling. Things we love to do. Things the world benefits from. Etc.


Concept #4.

For most of us, the path to Financial Independence consists of:

- Starting Early,
- Saving Diligently, and
- Investing Responsibly.

Here's an inspiring story of a janitor who amassed an $8M fortune by following this very playbook:
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Route 2 FI \U0001f4c8
Route 2 FI 📈
@Route2FI
I reached financial independence and quit my 9-5 job this week at 33 years old to work with my own projects.

A thread with lessons about:

-freedom
-time
-money

One day in 2018 when I was in my 9-5 cubicle, I thought to myself while I stared out of the window:

How could I continue waking up every morning and be totally unexcited about everything I was going to do day after day?

This led me to Google:

“How to quit my job forever”.

You know the rest of the story.

Early Retirement Extreme and Mr. Money Mustache are the first pages popping up.

I read everything in a couple of days.

There was really no way back.

WTF, could I quit my job in a couple of years by investing?

I have always been pretty good at handling money, but earlier on I'd just pay down my mortgage faster.

Now I was going all-in on investing.

I started saving and earning more money by changing my 9-5 job.

Starting out I had a savings rate of 40%.

Last 5 months SR: over 90%

I got addicted to investing.

It was like a game.

My salary was increasing every month and on top of that, I started earning more online than I did in my 9-5.

I started dreaming about $100M.

But, then I reflected:

"What will I sacrifice if I continue like this for 30+ years?
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jewd\u24b6s // \u05d9\ufb1d\u05d3\u05d4\u05d5\u05d3\u05d4
jewdⒶs // ייִדהודה...
@jewdas
We all know no-one should profit from antisemitic hate speech right? Well, tell that to the @JewishChron.

In their media pack they advertise that they've run (at least) one event with Nigel Farage as a speaker. The JC is using their connection with an antisemite to make money.


Important bits first. The media pack has a 2020 calendar so it is probably just over a year old. Which means, all of our examples below bar one had been published when they tried to make money from an event with Nigel Farage. They knew what he had said and didn’t care.

You want one example? Here you go. The JC knew and even called him out on it. So why does their press pack, probably made just months after this and made to get people to advertise with them, show off their link to him?

What kind of advertisers do they want??


For anyone skim reading, let us make this very clear, using words from the Campaign Against Antisemitism. @antisemitism.


Ok, so now the attention-grabbing bits are done, lets dig deeper.

Is Nigel actually an antisemite, Geoffrey hears someone ask in terribly bad faith. Well, lets explore his history of antisemitism through the JC’s own articles!
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