Slight modification... The regions where property will be purchased a low cost will, not coincidentally, be the "opportunity zones" where investment transactions without capital gains can be made. The areas where riots took/take place (OZ's)will sell cheap. WATCH... #RESET

2) "Opportunity zones" allow for mass investment moves from billionaire class without paying capital gains taxes.

The mass accumulation of wealth (multinationals) at the upper tier of Big Tech (technocrats) during COVID is approximately +40% since it began.
3) This shift of wealth from Main Street (COVID shutdowns and lock-downs) into the multinationals (tech, banks and massive corporations ie. Amazon etc.) means the extremely wealthy have access to trillion$ of new funds .
4) The billionaire class can move those funds without paying any capital gains if they shift them into "opportunity zones", this is part of the OZ program incitement.
5) The "opportunity zone" areas are (not coincidentally) the same areas where riots and civil unrest was taking place.

The Main Street retail centers that were shut down during the civil unrest then faced the (not coincidental) follow-up financial stress from the COVID impacts.
6) As a consequence of both events, Main Street small businesses are crushed and under extreme financial burdens. It is estimated that 40% of those businesses will not survive 2021.

Now think about this...
7) 40% of Main Street businesses wiped out. Not coincidentally almost 40% of wealth has been transferred from Main Street to the Wall Street mega-corporations and multinationals. 🤔....

Look up the $$$ growth of Amazon and Wal Mart and tech in 2020. You can clearly see it.
8) The next step is a simple math and banking equation.

Move the 40% $$ gains (Wall Street) into purchasing the 40% collapse on Main Street.

The transfer tool is the tax sheltered Opportunity Zone plan.
9) ... AND there you have it.

"Never let a crisis go to waste"...

Only in 2020 the "crisis" was (yet again) by design. COVID mitigation in the Blue states, not coincidentally the same OZ regions, is a mass transfer of wealth to the upper tier.

10) We have been watching this for years... It is one long continuum.


More from Trading

1/ Feels like a good time to tell the story of how I went from broke to a millionaire to broke again in 2017/18 again...

Yesterday was brutal for some people...

Losing life-changing money sucks, losing any money can chase the market or you can change your strategy.

2/ The original thread is gone but you can read it here.

- Traded $32k to $1.2m
- Thought I was a genius
- Made poor investments
- Didn't conserve capital
- Peaked at 150 BTC
- Lost nearly all of it

2 weeks from losing my house + no income. Oops.

3/ I am going to assume you are in it for the money rather than the tech. Yeah, you might Tweet about the amazing blockchaining of cross-border payments and oracles yadda yadda...really, you are in it to make money.

If you are really in it for the tech, go and build something.

4/ Okay, so if you want to make money, trading is super hard, you are trading against:
- Better traders than you
- People who can move markets
- Unknown information

And if you are trading with leverage you might blow up your account with the volatility.

5/ If you are not trading, you are investing. Okay, so what are you investing in?

I made the decision that the crypto with the best opportunity of existing in 10 years is #Bitcoin:
- Solves a genuine problem
- The right tech
- A proven track record
Some thoughts on how big market making firms (eg Jane Street, Susquehanna, Optiver) are structured. Note I have not worked at any of these firms so this is not based on any insider knowledge, just talking to people in the industry and extrapolating a bit.

A “pure” market making operation is based on clipping spreads, ie buy low, sell high, keep inventory low, keep risks (eg greeks) tightly hedged. Skew your bid/offer based on your inventory to try and offload it as quickly as possible without impacting your profit too much.

This kind of trading has enormous risk-adjusted returns (Sharpe > 10, ~no down days) but it’s hard to scale it because your P&L is a function of two things — volume and volatility — that you don’t have any control over.

This is a problem because the costs of running a pure MM firm (mainly infrastructure and employee comp) are increasing and profit margins are decreasing. So many firms turn to prop trading as a way to increase P&L at the cost of some Sharpe.

One way to approach this is to make your price skew dependent on factors other than your inventory, eg if you think the market is going up you skew prices a little higher to encourage people to sell to you and discourage them from buying from you.

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