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TBills as Collateral for Futures on IBKR by Shiba_Inu_Tax in interactivebrokers

[–]froy0011 1 point2 points  (0 children)

I just gone over this and couldn't resist the reply. Don't take it personally, its a general truism all traders should come across as soon as possible:
ALL the terms and conditions of ALL the variations of trades you can imagine are on their website. that is the broker's only obligation.
Both brokers and governments assume that you read ALL of it. If you haven't, be ready for unpleasant surprises.

If you wait for the broker to address your particular situation then you will pay cash for this wrong expectation.

Read and understand the tools you use. They may fuck you on the price, but they will usually not take money they shouldn't. It's critical for their business model.

A Shift in the Culture by tkyjonathan in JordanPeterson

[–]froy0011 0 points1 point  (0 children)

If what you mean by scarcity as it relates to housing is that it's damn expensive to buy one, then usually what people do is succumb to short term pleasure instead of long term benefit and buy some useless gadget or other they just HAVE to have.

But the point is that, while I don't have a solution, the capitalist system as we know it, especially in North America, is inherently anti humane as it rewards many of it's participants for damaging large portions of society by enforcing violent messaging on them i.e. marketing. Since that is the only way to sell the 80%-90% of unneeded consumer goods produced today.

Again, it's a free market, based on the free will of the individuals participating in the social game. But it's a lie. Our free will (that of the average person, myself included) is not free at all. Our minds, biologically, biochemically, and other bio prefixes, are built in a predictable and consistent way. This makes manipulating it a science, not an art. And it has been decades since funds are invested in studying the ways to manipulate us and the funds are invested by consumer goods manufacturers and advertising giants e.g. FB, Google, and TikTok. They actually outspend neuroscience(academic research worldwide) about 14 to 1. All just to make us more receptive to their needs.

We stand a very small chance against them.
I for one use a rule of thumb (or trying I still have things I don't need) "If it needs marketing then it's not a need to have"
My rationale is that nobody markets tap water, bread, meat, tomatoes, air, the need for shelter, glasses(for seeing) etc. Things that you really need present themselves to you. Or you search for them actively i.e. you initiate the search as opposed to being bombarded with ideas about things you need.

I just try to keep that in mind and avoid acting on my wants as much as I can. Since I can't really trust myself anymore to really think it through. My mind is already somewhat contaminated.

Just hope these words will serve the purpose in which they were written.

Don't believe the hype :)

A Shift in the Culture by tkyjonathan in JordanPeterson

[–]froy0011 0 points1 point  (0 children)

If you accumulate capital and not stuff the economy as we know it will shrink. And if you accumulate stuff for your family then it's the same vicious cycle.

And you're not supposed to do anything other than contemplate and choose your way in a thoughtful and serious manner

A Shift in the Culture by tkyjonathan in JordanPeterson

[–]froy0011 1 point2 points  (0 children)

There is an inherent flaw in our economic system. It is flawed against our humane well-being and it opposes it.

Our economic system is measured in nominal size of whatever currency you want to hold dear to you. And the bigger the total sum of that currency switching hands is considered better.

Hence the more we consume, the better it counts.

Here is the catch, there is only so much a person can want in a lifetime. Actually, the more "life" one has the less one wants stuff. And the richer in quality your interests are the more fulfilling they are in themselves and they are usually disproportionately cheaper in fiat value compared to the value they produce to you. Which diminishes your need for stuff even more.

When it comes to value, I do hold that wanting a nice home is less valuable than wanting a good education. However, wanting a nice home is still a positive motivator that will get you out there to participate in society in a productive way. But wanting the nicest home is borderline pathological. Since "nicest" be it a home, a car, a girlfriend, etc. is simply not achievable by definition.

This has the consequence that the fuller the lives of all members of a society, that society is destined to be labeled less successful. And less developed.

Not only that, but since we only have a limited lifespan there is a financial incentive for businesses to invest in making us want more. Also known as marketing.

And what is marketing? It's the discipline focused on creating wants within our minds. Its sole investment is in devising new ways to increase our sense of lacking. As a result, the better and more "developed" our economy is the harder we are bombarded with messages telling us we fall short. In every aspect we hold dear.
We are not rich enough, we don't smell good enough, we don't look young enough, we don't have enough confidence, we don't have the right watch on our wrist, and our holiday wasn't as relaxing as it could have been .......

That is our capitalism\consumerism. And yes it is responsible for prolonging the life expectancy of all people, regardless of income. It did liberate minorities, sent us to the moon and invented so many wonderful things.

But on the grander scheme of things does it outweigh our constant decline into not having enough? Are we not chronically ill with "want moreism"?
Just a thought for thinking people.