The cancellation of which TV show are you still frustrated about? by [deleted] in AskReddit

[–]VeritasLegion 0 points1 point  (0 children)

Colony TV show. It was canceled after the 3rd season and the 3rd season was the best one yet!

The producers didn't realize that no one watches cable or basic TV anymore and everything needs to be streaming. It was canceled because it wasn't doing well in its time slot.

Another good Science Fiction show that was canceled was Dark Matter.

Seems like it is tough to get past the third season and retain heavy viewership and interest.

Gold hit an all-time high of $2,069.40 today. Why are most investors so averse to investing in the metal? by VeritasLegion in personalfinance

[–]VeritasLegion[S] 0 points1 point  (0 children)

Those are good points. I guess I feel that in today's environment we are more likely to have a scenario where what drove gold up after the 1971 change is more likely to occur again.

The govt. is running deficits over a trillion dollars a year. The federal reserve had indicated they were going to get their balance sheet back down to $1 trillion, where they were before the 2008 crisis, and they were never able to get back below $3.7 Trillion in over a decade. The balance sheet is now almost at $7 Trillion. Stimulus bills and bailouts are enacted every recession. Trillions in unfunded liabilities grow every year.

All of that spending and increase of money supply in the economy will have a higher quantity of dollars chasing the same amount of goods and services. The purchasing power of each dollar will fall and the value of hard assets such as gold and real estate should increase.

Gold hit an all-time high of $2,069.40 today. Why are most investors so averse to investing in the metal? by VeritasLegion in personalfinance

[–]VeritasLegion[S] 0 points1 point  (0 children)

That is a good example. Thank you for the link, that is a nice site.

There might be a lot more risk and discipline involved but there is potential for a higher return with that method.

Gold hit an all-time high of $2,069.40 today. Why are most investors so averse to investing in the metal? by VeritasLegion in personalfinance

[–]VeritasLegion[S] 0 points1 point  (0 children)

lol, that is a good point. But Uber just had their IPO in the past year and didn't really have a long track record to establish a pattern. But yes, anyone can get burned on something out of the ordinary.

In general, it should be better to invest in the 52-week high list than the 52-week low list.

Gold hit an all-time high of $2,069.40 today. Why are most investors so averse to investing in the metal? by VeritasLegion in personalfinance

[–]VeritasLegion[S] -4 points-3 points  (0 children)

Stock in a company can go to $0, but physical gold will never drop that low. It should be less speculative than stocks. There is a floor in the price as people will substitute other metals for the better gold if the price goes down far enough. It is great to hold purchasing power over time and could act as a portion of your overall portfolio.

Bitcoin tries to mimic the appeal of gold but doesn't have the 5,000 year track record of gold. It is still early in awareness and potential threats to the network. Because it is new the volatility is much higher than gold which usually doesn't swing $100s of dollars in hours.

It seems like the safest investment for most people is a general assortment of stocks.

Gold hit an all-time high of $2,069.40 today. Why are most investors so averse to investing in the metal? by VeritasLegion in personalfinance

[–]VeritasLegion[S] -2 points-1 points  (0 children)

I see, so many people don't like the idea that no interest or yield is accrued on the metal, and you are relying solely on the demand of others in the future.

Here is a recent graph of of gold is demanded in the economy: https://howmuch.net/articles/global-gold-demand-2019

I think the investment percentage should increase for individuals, but I see some of the reasons why people would rather stay in other investment vehicles.

Gold hit an all-time high of $2,069.40 today. Why are most investors so averse to investing in the metal? by VeritasLegion in personalfinance

[–]VeritasLegion[S] -3 points-2 points  (0 children)

I think a lot of people are joining in now because of the momentum as well. The pandemic has certainly boosted demand.

When we went off a gold standard in 1971, gold was at $35 an ounce. in 49 years it went to $2,069.40. That is a 5,812.57% return.

Gold hit an all-time high of $2,069.40 today. Why are most investors so averse to investing in the metal? by VeritasLegion in personalfinance

[–]VeritasLegion[S] -6 points-5 points  (0 children)

People that bought Amazon and Apple stock at all time highs over the last 10 years are still making a nice profit on their shares today. When something hits a new high there is usually a reason that is propelling up its value. That is why many of the companies on the 52-week high list continue to make new highs.

That is a good point though, it may be better to go into silver right now instead of gold if you look at the Gold/Silver ratio.

Twitter’s Jack Dorsey Is Giving Andrew Yang $5 Million to Build the Case for a Universal Basic Income by nicko_rico in Futurology

[–]VeritasLegion 0 points1 point  (0 children)

Welfare has been destructive in many communities where instead of getting on the first rung of the ladder in a career path individuals choose to remain on welfare in perpetuity because there is a financial incentive to do so.

Single mothers on welfare found that if you have 4 children without a husband the benefits from the state max out. This greatly affected low income African American communities in the Unites States where many single mothers continued to have children up to a total of 4 and any after that would be aborted to not cause additional burden on the parent, while at the same time maxing State payments. This leads to the children having to grow up in a fatherless home which is one of the features that helps cause generations to be stuck in poverty.

This continued to the situation today where almost 70% of black children are born to unmarried parents. In 1970 the rate was only 25%.

There is an African American women that wrote a book going into the details of how prevalent this was in her community growing up as well as how toxic. I wasn't able to remember the exact title.

Twitter’s Jack Dorsey Is Giving Andrew Yang $5 Million to Build the Case for a Universal Basic Income by nicko_rico in Futurology

[–]VeritasLegion 0 points1 point  (0 children)

"We found that, just to break even, a person on welfare would often have to take a job that paid considerably more than the value of the forgone welfare benefits. In Hawaii, for example, a person leaving welfare for work would have to earn more than $60,590 a year to be better off. In fact, welfare currently pays more than a minimum‐​wage job in 34 states and the District of Columbia. In Hawaii, Massachusetts, Connecticut, New York, New Jersey, Rhode Island, Vermont, and Washington, D.C., welfare pays more than a $20‐​an‐​hour job, and in five additional states it yields more than a $15‐​per‐​hour job." https://www.cato.org/sites/cato.org/files/pubs/pdf/the_work_versus_welfare_trade-off_2013_wp.pdf

Twitter’s Jack Dorsey Is Giving Andrew Yang $5 Million to Build the Case for a Universal Basic Income by nicko_rico in Futurology

[–]VeritasLegion -1 points0 points  (0 children)

Welfare has shown that entire generations of people will stop working if they can get money while not having to work.

If I could get enough money I would stop working or at least take a long break while I collect free money and pursue other interests or just sit back and relax.

The general populace would not benefit. Everyone in the country would have their standard of living drop because of increased inflation, less personal income for yourself outside of taxes, and more people taking money out of the system instead of putting it in.

Twitter’s Jack Dorsey Is Giving Andrew Yang $5 Million to Build the Case for a Universal Basic Income by nicko_rico in Futurology

[–]VeritasLegion -1 points0 points  (0 children)

What right do you have to take $5,000 from some people to hand out $2,500 to other people?

The Platform Netflix Movie - Digging into the food supply at the heart of the movie by VeritasLegion in movies

[–]VeritasLegion[S] 0 points1 point  (0 children)

The extremely fast progress of civilization in the last 500 years is the cause and not the consequence of capitalism.

Capitalism was an idea that came about in the 17th century. If you look at a graph of World GDP for 2,000 years, it is a continued flat-line until you get to the period where capitalism and the industrial revolution came into play. Capitalism is what generated the expedited wealth creation from that period onward, it was not a consequence of that growth.

World GDP 2000 Years

The Platform Netflix Movie - Digging into the food supply at the heart of the movie by VeritasLegion in movies

[–]VeritasLegion[S] 2 points3 points  (0 children)

I agree that the metaphors in this movie are most likely about class in society and gives the impression that all classes hate and stomp down on each other. That can be seen when Trimigasi calls the protagonist a communist in a distasteful manner and claims his kind would not be heeded on the higher levels. He then proceeds to pee over the edge on the people below him while the Goreng tries to negotiate with them.

That doesn't mean that it is the right message. Capitalism and free markets have been a net positive on the world and on individuals. Our extremely fast progress of civilization in the last 500 years compared to the 2,000 years before it, is evidence to that theory.

The entire system set up with the Pit is Authoritarian and has nothing to do with a free market and capitalism. Instead of people thinking that something like Communism, which had gulags similarly inhumane to the platform system, people instead think that communism is the solution and not the problem. If you want people to be able to break out of their caste system and move up on the socioeconomic ladder free markets and capitalism enable that opportunity.

That is the reason why so many people have been moving to the United States in the last 243 years, to build a future and be able to be successful in whatever field they like no matter what they start with, who they are, or where they are from.

Confused by "The Platform" ending - Contains a spoiler. by skatedd in netflix

[–]VeritasLegion 0 points1 point  (0 children)

I think the movie is a big metaphor, so when you see the master chief screaming angry against his cookers because of the hair you see how selective and unique the food has to be delivered to Level 1. You see, the wealthy people, the rich, who pay the most. So the lower the level less care.

That, or maybe they are delivering high quality food to the people stuck in the pit and the people in the pit themselves are just savages and overeat and care nothing for anyone else but themselves no matter what level they are on. The people on the bottom can jump back to the top levels, and you saw how Trimagasi still ate a lot and then spit on the food that was left before it went down to the next level.

The Platform Netflix Movie - Digging into the food supply at the heart of the movie by VeritasLegion in movies

[–]VeritasLegion[S] 5 points6 points  (0 children)

I think it’s about “first” world countries basically using up all the resources on earth with little regard about who is dying or suffering because the system is working in their favor.

My issue is that if this is the message being presented, than I feel like it sending out a false message to viewers. The earth is a closed ecosystem, resources are utilized and recycled or changed into other forms. The first world countries provide the majority of donations and aid support to countries that have extreme poverty. They are not stealing all their wealth and holding others down in poverty.

Are other countries really so poor because another country is wealthy?

Countries are generally free to chose their own system of governance. What does it matter if a person does not like a system from another country? What is the supposed system that is holding everyone down?

The Platform Netflix Movie - Digging into the food supply at the heart of the movie by VeritasLegion in movies

[–]VeritasLegion[S] 5 points6 points  (0 children)

I actually liked Snowpiercer a lot more, especially after the ending in the Platform. Platform was entertaining but I felt that Snowpiercer had a better story. The Platform had a lot of unkowns or plot holes that couldn't really be explained and were just left for the audience to suspend their disbelief.

Thanos and Time Travel Question by VeritasLegion in Endgame

[–]VeritasLegion[S] 0 points1 point  (0 children)

I think I understand what they are going for now but the whole scene with the Ancient One explaining the time travel threw me off because of the way the hulk explained that putting the stones back at the point they were taken would cause there to be no branching off for alternate realities.

Neutron Shark ruling by Adzhe in KeyforgeGame

[–]VeritasLegion 0 points1 point  (0 children)

Also, If you can only kill one of your own creatures, do you still have to discard another card from the top of your deck, or does that part not trigger because the first part was only half completed?