#pay a shit ton of money to see an analyst.

[elytrafemme]

wish i could be all spiteful at my therapist saying that i have borderline functioning tendencies but not consistently enough for it to be classified as an abnormal behavioral thing. like i wish i could do what i’ve been doing for months and plan ways to get her to quit her job or put her in an uncomfortable ultimatum or do anything to get a different response to the same question i’ve asked her for two years. 

but instead... i’m just tired, honestly. like. yeah. my biggest curse is the fact that i can cope with things. which sounds twisted. but if i wasn’t able to cope, i would get help. these problems would be fixed because an intervention would be necessary and forced. but i don’t need an intervention. so the problems aren’t going away. 

and part of me says, so make yourself need an intervention. act out. do something crazy. but it’s like. i’ve already done that. i keep doing things that i say are out of control but are at least partly purposeful so that someone reacts to it. and it hasn’t changed anything. so there really is no way out of this conundrum except to keep repressing this anger over and over because there’s no resolution for it. 

weird. 

#neg #vent #nightmare.vent #negative #do not reblog #if something bad happens to me. i immediately present it to people #and also over exaggerate my issues. the only other thing i could add is lying to people but. #if i start lying. i would tell someone i'm lying. immediately. just so that they would say something. #there's really nothing left to do anymore. i think i've done just about everything to try and get an answer. #even when i was like. 11. i was doing unstable shit so that people would tell me what was wrong with me. #i know the real answer is to wait. do 2-3 sessions a week in the summer. do the same in college. #pay a shit ton of money to see an analyst. #that's what my therapist told me. she was really good today honestly. #she did say that she felt the same about the bpd thing. like when she was a kid she thought that she'd get diagnosed with it #but had the same realization i did. and i don't like that. #because i don't want to be like her. i don't really like her. #but i mean she said nice stuff today. was really really helpful as always honestly. #when i let her talk that is but. i don't know. it's not enough. #something has got to give. but my rock bottom has to be theatric and perfectly timed. #and there's never a time that feels good enough. #so i'm stalling probably yeah. but just. i need it to matter. i need to only do it once. #do something so appalling that people institutionalize me #i think maybe i'll start lying. baby steps. i don't know. #i don't fucking know. #also since. someone will say it. it's not that i'm hooked on getting diagnosed w bpd specifically. #the reason i bring it up is because my symptoms have aligned very closely with it for years and my therapist agrees with that. #it's the best of many examples of me being so close to an answer but it not being attainable.

[arikomo]

The College Experience

Their children going to college seems to be the dream for most immigrant parents. I know it was the case for me - first generation college student. At the age of 17-18 you’re expected to go right into college with a sense of what it is you want to study, and graduate to go on and work in that field (presumably). I went to three different college while I was in undergrad and (barely) graduated. By barely I’m referring to not having dropped out the countless of times that I wanted to - I was very close several times. I now see why they tell you to go straight to college after high school because the chances of you going back are slimmer. There’s a good reason for that.

The first college was a complete waste of time. If I learned anything, it was more-so about myself - self awareness if you will. I realized that I was using alcohol as a coping mechanism to get by my lack of communication skills, and that I had both anxiety as well as depression (I just didn’t know what those were before that time). I transferred knowing that if I stayed, there was a high likely hood that I would do something stupid - I thought about killing myself on more than one occasion. Mind you I don’t remember jack shit about anything I might have (not) learned from the classes that I took while I was there. 

Second school was better but cost a shit ton of money. I had to take out larger student loans to go since it was an out of state school. I met friends and joined an organization while I was there, and discovered my interest in business (a marketing course that I ended up taking - I am an analyst in the real estate industry now). Unfortunately, taking out student loans continues to be one of the stupidest things I’ve done to date. Again - I couldn’t tell you one thing I’ve taken from any of the courses that I took while I was there. 

I transferred to the last school and finished up. I took advantage and joined as many organizations at the university as I could. You have everything to gain from joining clubs/associations/etc. I did internships and took a lot of online courses and read many books in my free time pertaining to the subjects that I was passionate about. I taught everything real estate related to myself, went out to find real estate related internships on my own and joined associations outside of the university that were real estate related. I can say for a fact that I didn’t learn anything pertaining to my industry from any of the universities I went to.  

If I had to do it over again, I might have gone to a college/university (knowing what I know now probably not) that I wouldn’t have had to pay much if anything for. That or one that you can pay off easily while working. I would have joined as many associations/clubs as I could - these are a great way to learn about subjects that you find interesting and find friends/others to talk to. I would have also done as many internships as I could. If you need college/university for your profession then that would be understandable (I guess) - I personally didn’t learn much from the classes that I took in all my years of study, and would not be upset in the slightest if my children decided they didn’t want to go. 

#college #university #first generation #student #studentloans #student loans

[jeffrmayhugh]

WARNING: Bank Run Soon!! Get Your Cash Out NOW!

VIDEO TRANSCRIPT

Egg yolk. What is going on? Viewers of the tube. My name is Tyler and I’d like to introduce you to the channel that keeps it as funky and isolation and quarantine as this grandma. You know how we sked dance. It’s time for Chico. Krypto. Well, it’s been a few days since I’ve seen all your faces and since I shot today’s video, Monday’s video all the way back last week on Friday. It’s hard to assume what has happened with the markets traditional and crypto, but we can look to see what happened as of Friday last week. Well, the Dow Jones stock market started to look like the crypto market’s volatility. Massive single green candle pumps and in three days brought it up nearly 4000 basis points. The strongest rally since the Great Depression in 1933. But as of Friday, the rally had to be put on pause, which I’m sure got investors, hedge fund managers and financial analysts shaking in their boots because the stops have all been pulled out. My friends, the Fed and the US government, including the Treasury, doesn’t have any ammo left. They created three new SPV special purpose vehicles, which we talked about last Friday. 4.5 trillion dollars is available for the banks and the corporations and the Fed funds rate will have to be dropped into negative territory if slashed any further. So what is going on with finance? One point zero. Did today pump or dump? Well, we need to look back to something. The financial crisis in 2008, because similar things happened back then like the collapse and bailouts and the creation of F.P.. These happened in March of 2000, a March 11th, 2008. Federal Reserve and other central banks announce specific measures designed to address liquidity pressures in funding markets. And from the announcement, the Federal Reserve announced today an expansion of its securities lending program. Under this new term securities lending facility P S L F and S P V well, what happened after the announcement of this SPV to the Dow Jones on the day March eleven pump in that pump lasted for about a month, but eventually back down like Charlie Brown. That downward pressure kept up for over a year. Yes, a year, you guys, where the Dow went from around 11000 basis points to six thousand six hundred and twenty-six points at the low, a loss of basically 50 percent back then. During that time, it felt like the sky was falling out from under investors. Have we felt like that so far during present times? No, not yet. And that is why I believe finance one point zero in the stock market hasn’t felt the full brunt of this bear market. It’s still to come and it possibly could have started today. But this isn’t all about the stock market. I mean, stocks. They are for the big boys. Your average Joe or Jill is an invested. I mean, look at stock ownership since 2008 to today has fallen from 62 percent of Americans to 55 percent. You have the stock market has pumped significant gains to be had and getting stocks is easier. Robinhood app, cash app and more. That doesn’t make sense, does it? So who are the 50 percent that doesn’t own stock? Well, those are the people who don’t have that killer White-Collar job with a four or one K. Just check out the percentage of Americans who have for one case. It’s about 50 percent. So corporate America is economically forcing their worker’s slaves to invest in stocks. So if you didn’t know half of America is a corporate Shachar workforce and the other half of America is small to medium-sized businesses who do not have four or one cases for their employers. So we have a major disconnect going on where the corporate workers, half of America saw the great gains in the stock market, while the blue-collar, hard-working America and for the most part didn’t. But for that half of America, what are they limited to economically if they aren’t in the stock market? Well, they could get Krypto, but a majority are just using bangs. And that is what we need to talk about right now as the stimulus bill gives them a dark and dirty toolbox. So smaller banks have under 10 billion in assets. They have been given something just a sweet. Their leverage ratio has been reduced from 9 percent to 8 percent until the end of the national emergency. That previous regulation of keeping it at nine percent regarding banks leverage ratios were put in place following that 2008 financial crisis as a way to better ensure that they would be prepared to cover. Loan losses should the need arise, and this ratio specifically measures the core capital of a bank relative to its assets. So for an easy example, if a bank lends out one hundred dollars and has ten dollars of capital held in reserve to cover possible losses in that loan pool, its leverage ratio would be 10 percent and divided by 100 hundred. Now, the higher the leverage ratio, the safer the bank, the lower the riskier. So dropping it to eight percent means we have a shit ton of risky small and community banks across America. So what about the big banks, the big bankers? While these financial institutions like JP Morgan, Goldman Sachs and more, they get a sweet pass to even sweeter. They’re allowing all financial institutions to suspend troubled debt restructuring as there is going to be a ton of troubled debt coming out of this. And it allows financial institutions to delay implementation of the Financial Accounting Standards Board’s new current expected credit losses rule, meaning they don’t have to account for much during this whole crisis but get to run willy nilly, which is amplified by the more fine print. Banks, specifically the national ones, have their lending limit waived for the duration of this crisis. They will get to lend as much as they please. But remember, I said things get nasty with the banks if they get disgusting. They are modifying the brick in Dodd-Frank Act, the act drafted in 2010, the longest piece of financial regulatory text in history to stop these sons of bitches from ever doing 2008 again. So what are they modifying while they’re giving the FDIC the power to establish a temporary program to guarantee the banks that temporary, which if you understand the government and when they say temporary, they usually mean forever. Remember Nixon taking us off the gold standard? Accordingly, I have directed the secretary of the Treasury to take the action necessary to defend the dollar against the speculators. I have directed Secretary Connally to suspend temporarily the convertibility of the dollar into gold or other reserve assets, except in amounts and conditions determined to be in the interest of monetary stability and in the best interest of the United States. So what is this forever program? In my opinion, to guarantee bank debt? Well, it was first brought forward in 2008. Hey, we’re bringing it back. And it’s called the Temporary Liquidity Guarantee Program. And to get this program going, the Federal Deposit Insurance Corporation, FDIC and the Federal Reserve invoked it. And the secretary of the Treasury approved the use of the systematic risk exception under the Federal Deposit Insurance Corporation Improvement Act of nineteen ninety-one. And under the guidance of the systematic risk exception, FDIC implemented two programs. A Debt Guarantee Program DCB, which extended the FDIC, is guaranteed to newly issued debt instruments of FDIC insured institutions that are holding companies and their eligible affiliates. And the transaction account guarantee program he a g p which provided unlimited deposit insurance coverage of non-interest bearing transaction accounts. So these two programs are revived today and the FDIC insurance covers all the new loans and debt the banks get to run willy nilly with. Who covers this? If the bank’s job, the taxpayers are. Yes. The FDIC always boast that they will cover bank runs without taxpayer money from their Web site. The FDIC received no congressional appropriations. It is funded by premiums that banks and thrift institutions pay for deposit insurance coverage and from earnings on investments in U.S. Treasury securities that FDIC ensures trillions of dollars of deposits in U.S. banks and thrifts, deposits and virtually every bank and thrift in the country. But if you look into the fine print of these programs, like in 2012, when the Transactions Account Guarantee program was investigated, you see the truth on page 10. They talk about the potential impacts of this program. If it was extended, it read, some have raised concerns about what effect an extension of tag would have on the FDIC Deposit Insurance Fund EAF. Under the program, as established by the Dodd-Frank Act, TAG insurance functions as part of the FDIC traditional insurance for risk-based insurance system to function effectively. The entity setting the insurance premium must accurately forecast future risk or be able to recoup losses ex-post. If the FDIC can successfully estimate the future costs that tag funds would impose on the D-I app, then the premiums could be set to cover. They expected losses. However, problems may arise if the insurance is underpriced due to an underestimation of those future losses. If future losses caused the DHS to become depleted, the DHS may have to borrow from the Treasury to protect depositors, putting taxpayers at risk. So my friends, we the citizens are the last leg regarding saving the banks. Now, if the banks make bad loans, that banks overstep. If the banks lose at all, that taxpayer is now on the hook. It’s a bank bail and not bailout. But this craziness is the case for bitcoin and crypto bitcoin. And defy turns you into your own bank where you control the flow of funds, where the funds are allocated into interest-bearing accounts and using your funds as collateral. Reaping the rewards of which in the past the banks did. So, my friends, we are all on the hook as American taxpaying citizens for this. But we don’t have to contribute to their addictions for cash as if we put our money in their bank. They’re going to use it as collateral and make money. They’re already getting four trillion dollars from the federal government. So when the FDIC decided to say this, we’re living in unprecedented times at a time when a pandemic like this, it is way too easy to get confused and to have fear about what you should be doing with your money in your account, especially as you’re looking to volunteer at the volatility in the stock market and the financial sector. This is what I would like you to take away from this. Your money’s safe at the banks. The last thing you should be doing is pulling your money out of the banks now, thinking that it’s going to be safe for someplace else. You don’t want to be walking around with large amounts of cash and you certainly don’t want to be hoarding cash in your mattress. It didn’t pan out well for so many people. And I will tell you this. No depositor has lost a penny of their insured deposits since 1933 when the FDIC was created. So if you’re talking about having your money in a safe place, please keep it in an FDIC insured name. I was like, oh, snap. They’re getting scared as banks don’t have the cash. New rules. They only half have 8 percent reserves on hand. So it’s 8 percent of the US population decides to run on the banks. Ninety-two percent of people can’t and will not be able to get their money out. They pleaded that on the 24th of March 25th, they made a new plea showing that counts. They cover up to 250 KW. Then the same day they retweeted an FDIC bank who is probably having bank run issues. Their post about how cash is dirty, unsafe, unclean and will only be safe with them. Then on Friday, they posted. Banks don’t have to report to them this entire month. The FDIC, in coordination with other federal banking agencies, announced a 30 day grace period for filing first-quarter call reports for banks that may need additional time due to staffing priorities or disruptions as a result of Cauvin 19. So the banks, no frickin oversight right now. And FDIC is in the dark about how bad things are getting regarding their cash reserves. I’m getting my money out of the bank. Cash I can survive with gold as a hedge and BDC cerium and altcoins. They’re holding nicely on my ledgers. Cheers. I’ll see you next time.

source https://www.cryptosharks.net/bank-run-soon-get-your-cash-out-now/ source https://cryptosharks1.tumblr.com/post/614202365789306880

[scottmapess]

WARNING: Bank Run Soon!! Get Your Cash Out NOW!

VIDEO TRANSCRIPT

Egg yolk. What is going on? Viewers of the tube. My name is Tyler and I’d like to introduce you to the channel that keeps it as funky and isolation and quarantine as this grandma. You know how we sked dance. It’s time for Chico. Krypto. Well, it’s been a few days since I’ve seen all your faces and since I shot today’s video, Monday’s video all the way back last week on Friday. It’s hard to assume what has happened with the markets traditional and crypto, but we can look to see what happened as of Friday last week. Well, the Dow Jones stock market started to look like the crypto market’s volatility. Massive single green candle pumps and in three days brought it up nearly 4000 basis points. The strongest rally since the Great Depression in 1933. But as of Friday, the rally had to be put on pause, which I’m sure got investors, hedge fund managers and financial analysts shaking in their boots because the stops have all been pulled out. My friends, the Fed and the US government, including the Treasury, doesn’t have any ammo left. They created three new SPV special purpose vehicles, which we talked about last Friday. 4.5 trillion dollars is available for the banks and the corporations and the Fed funds rate will have to be dropped into negative territory if slashed any further. So what is going on with finance? One point zero. Did today pump or dump? Well, we need to look back to something. The financial crisis in 2008, because similar things happened back then like the collapse and bailouts and the creation of F.P.. These happened in March of 2000, a March 11th, 2008. Federal Reserve and other central banks announce specific measures designed to address liquidity pressures in funding markets. And from the announcement, the Federal Reserve announced today an expansion of its securities lending program. Under this new term securities lending facility P S L F and S P V well, what happened after the announcement of this SPV to the Dow Jones on the day March eleven pump in that pump lasted for about a month, but eventually back down like Charlie Brown. That downward pressure kept up for over a year. Yes, a year, you guys, where the Dow went from around 11000 basis points to six thousand six hundred and twenty-six points at the low, a loss of basically 50 percent back then. During that time, it felt like the sky was falling out from under investors. Have we felt like that so far during present times? No, not yet. And that is why I believe finance one point zero in the stock market hasn’t felt the full brunt of this bear market. It’s still to come and it possibly could have started today. But this isn’t all about the stock market. I mean, stocks. They are for the big boys. Your average Joe or Jill is an invested. I mean, look at stock ownership since 2008 to today has fallen from 62 percent of Americans to 55 percent. You have the stock market has pumped significant gains to be had and getting stocks is easier. Robinhood app, cash app and more. That doesn’t make sense, does it? So who are the 50 percent that doesn’t own stock? Well, those are the people who don’t have that killer White-Collar job with a four or one K. Just check out the percentage of Americans who have for one case. It’s about 50 percent. So corporate America is economically forcing their worker’s slaves to invest in stocks. So if you didn’t know half of America is a corporate Shachar workforce and the other half of America is small to medium-sized businesses who do not have four or one cases for their employers. So we have a major disconnect going on where the corporate workers, half of America saw the great gains in the stock market, while the blue-collar, hard-working America and for the most part didn’t. But for that half of America, what are they limited to economically if they aren’t in the stock market? Well, they could get Krypto, but a majority are just using bangs. And that is what we need to talk about right now as the stimulus bill gives them a dark and dirty toolbox. So smaller banks have under 10 billion in assets. They have been given something just a sweet. Their leverage ratio has been reduced from 9 percent to 8 percent until the end of the national emergency. That previous regulation of keeping it at nine percent regarding banks leverage ratios were put in place following that 2008 financial crisis as a way to better ensure that they would be prepared to cover. Loan losses should the need arise, and this ratio specifically measures the core capital of a bank relative to its assets. So for an easy example, if a bank lends out one hundred dollars and has ten dollars of capital held in reserve to cover possible losses in that loan pool, its leverage ratio would be 10 percent and divided by 100 hundred. Now, the higher the leverage ratio, the safer the bank, the lower the riskier. So dropping it to eight percent means we have a shit ton of risky small and community banks across America. So what about the big banks, the big bankers? While these financial institutions like JP Morgan, Goldman Sachs and more, they get a sweet pass to even sweeter. They’re allowing all financial institutions to suspend troubled debt restructuring as there is going to be a ton of troubled debt coming out of this. And it allows financial institutions to delay implementation of the Financial Accounting Standards Board’s new current expected credit losses rule, meaning they don’t have to account for much during this whole crisis but get to run willy nilly, which is amplified by the more fine print. Banks, specifically the national ones, have their lending limit waived for the duration of this crisis. They will get to lend as much as they please. But remember, I said things get nasty with the banks if they get disgusting. They are modifying the brick in Dodd-Frank Act, the act drafted in 2010, the longest piece of financial regulatory text in history to stop these sons of bitches from ever doing 2008 again. So what are they modifying while they’re giving the FDIC the power to establish a temporary program to guarantee the banks that temporary, which if you understand the government and when they say temporary, they usually mean forever. Remember Nixon taking us off the gold standard? Accordingly, I have directed the secretary of the Treasury to take the action necessary to defend the dollar against the speculators. I have directed Secretary Connally to suspend temporarily the convertibility of the dollar into gold or other reserve assets, except in amounts and conditions determined to be in the interest of monetary stability and in the best interest of the United States. So what is this forever program? In my opinion, to guarantee bank debt? Well, it was first brought forward in 2008. Hey, we’re bringing it back. And it’s called the Temporary Liquidity Guarantee Program. And to get this program going, the Federal Deposit Insurance Corporation, FDIC and the Federal Reserve invoked it. And the secretary of the Treasury approved the use of the systematic risk exception under the Federal Deposit Insurance Corporation Improvement Act of nineteen ninety-one. And under the guidance of the systematic risk exception, FDIC implemented two programs. A Debt Guarantee Program DCB, which extended the FDIC, is guaranteed to newly issued debt instruments of FDIC insured institutions that are holding companies and their eligible affiliates. And the transaction account guarantee program he a g p which provided unlimited deposit insurance coverage of non-interest bearing transaction accounts. So these two programs are revived today and the FDIC insurance covers all the new loans and debt the banks get to run willy nilly with. Who covers this? If the bank’s job, the taxpayers are. Yes. The FDIC always boast that they will cover bank runs without taxpayer money from their Web site. The FDIC received no congressional appropriations. It is funded by premiums that banks and thrift institutions pay for deposit insurance coverage and from earnings on investments in U.S. Treasury securities that FDIC ensures trillions of dollars of deposits in U.S. banks and thrifts, deposits and virtually every bank and thrift in the country. But if you look into the fine print of these programs, like in 2012, when the Transactions Account Guarantee program was investigated, you see the truth on page 10. They talk about the potential impacts of this program. If it was extended, it read, some have raised concerns about what effect an extension of tag would have on the FDIC Deposit Insurance Fund EAF. Under the program, as established by the Dodd-Frank Act, TAG insurance functions as part of the FDIC traditional insurance for risk-based insurance system to function effectively. The entity setting the insurance premium must accurately forecast future risk or be able to recoup losses ex-post. If the FDIC can successfully estimate the future costs that tag funds would impose on the D-I app, then the premiums could be set to cover. They expected losses. However, problems may arise if the insurance is underpriced due to an underestimation of those future losses. If future losses caused the DHS to become depleted, the DHS may have to borrow from the Treasury to protect depositors, putting taxpayers at risk. So my friends, we the citizens are the last leg regarding saving the banks. Now, if the banks make bad loans, that banks overstep. If the banks lose at all, that taxpayer is now on the hook. It’s a bank bail and not bailout. But this craziness is the case for bitcoin and crypto bitcoin. And defy turns you into your own bank where you control the flow of funds, where the funds are allocated into interest-bearing accounts and using your funds as collateral. Reaping the rewards of which in the past the banks did. So, my friends, we are all on the hook as American taxpaying citizens for this. But we don’t have to contribute to their addictions for cash as if we put our money in their bank. They’re going to use it as collateral and make money. They’re already getting four trillion dollars from the federal government. So when the FDIC decided to say this, we’re living in unprecedented times at a time when a pandemic like this, it is way too easy to get confused and to have fear about what you should be doing with your money in your account, especially as you’re looking to volunteer at the volatility in the stock market and the financial sector. This is what I would like you to take away from this. Your money’s safe at the banks. The last thing you should be doing is pulling your money out of the banks now, thinking that it’s going to be safe for someplace else. You don’t want to be walking around with large amounts of cash and you certainly don’t want to be hoarding cash in your mattress. It didn’t pan out well for so many people. And I will tell you this. No depositor has lost a penny of their insured deposits since 1933 when the FDIC was created. So if you’re talking about having your money in a safe place, please keep it in an FDIC insured name. I was like, oh, snap. They’re getting scared as banks don’t have the cash. New rules. They only half have 8 percent reserves on hand. So it’s 8 percent of the US population decides to run on the banks. Ninety-two percent of people can’t and will not be able to get their money out. They pleaded that on the 24th of March 25th, they made a new plea showing that counts. They cover up to 250 KW. Then the same day they retweeted an FDIC bank who is probably having bank run issues. Their post about how cash is dirty, unsafe, unclean and will only be safe with them. Then on Friday, they posted. Banks don’t have to report to them this entire month. The FDIC, in coordination with other federal banking agencies, announced a 30 day grace period for filing first-quarter call reports for banks that may need additional time due to staffing priorities or disruptions as a result of Cauvin 19. So the banks, no frickin oversight right now. And FDIC is in the dark about how bad things are getting regarding their cash reserves. I’m getting my money out of the bank. Cash I can survive with gold as a hedge and BDC cerium and altcoins. They’re holding nicely on my ledgers. Cheers. I’ll see you next time.

source https://www.cryptosharks.net/bank-run-soon-get-your-cash-out-now/ source https://cryptosharks1.blogspot.com/2020/04/warning-bank-run-soon-get-your-cash-out.html

[cryptosharks1]

WARNING: Bank Run Soon!! Get Your Cash Out NOW!

VIDEO TRANSCRIPT

Egg yolk. What is going on? Viewers of the tube. My name is Tyler and I’d like to introduce you to the channel that keeps it as funky and isolation and quarantine as this grandma. You know how we sked dance. It’s time for Chico. Krypto. Well, it’s been a few days since I’ve seen all your faces and since I shot today’s video, Monday’s video all the way back last week on Friday. It’s hard to assume what has happened with the markets traditional and crypto, but we can look to see what happened as of Friday last week. Well, the Dow Jones stock market started to look like the crypto market’s volatility. Massive single green candle pumps and in three days brought it up nearly 4000 basis points. The strongest rally since the Great Depression in 1933. But as of Friday, the rally had to be put on pause, which I’m sure got investors, hedge fund managers and financial analysts shaking in their boots because the stops have all been pulled out. My friends, the Fed and the US government, including the Treasury, doesn’t have any ammo left. They created three new SPV special purpose vehicles, which we talked about last Friday. 4.5 trillion dollars is available for the banks and the corporations and the Fed funds rate will have to be dropped into negative territory if slashed any further. So what is going on with finance? One point zero. Did today pump or dump? Well, we need to look back to something. The financial crisis in 2008, because similar things happened back then like the collapse and bailouts and the creation of F.P.. These happened in March of 2000, a March 11th, 2008. Federal Reserve and other central banks announce specific measures designed to address liquidity pressures in funding markets. And from the announcement, the Federal Reserve announced today an expansion of its securities lending program. Under this new term securities lending facility P S L F and S P V well, what happened after the announcement of this SPV to the Dow Jones on the day March eleven pump in that pump lasted for about a month, but eventually back down like Charlie Brown. That downward pressure kept up for over a year. Yes, a year, you guys, where the Dow went from around 11000 basis points to six thousand six hundred and twenty-six points at the low, a loss of basically 50 percent back then. During that time, it felt like the sky was falling out from under investors. Have we felt like that so far during present times? No, not yet. And that is why I believe finance one point zero in the stock market hasn’t felt the full brunt of this bear market. It’s still to come and it possibly could have started today. But this isn’t all about the stock market. I mean, stocks. They are for the big boys. Your average Joe or Jill is an invested. I mean, look at stock ownership since 2008 to today has fallen from 62 percent of Americans to 55 percent. You have the stock market has pumped significant gains to be had and getting stocks is easier. Robinhood app, cash app and more. That doesn’t make sense, does it? So who are the 50 percent that doesn’t own stock? Well, those are the people who don’t have that killer White-Collar job with a four or one K. Just check out the percentage of Americans who have for one case. It’s about 50 percent. So corporate America is economically forcing their worker’s slaves to invest in stocks. So if you didn’t know half of America is a corporate Shachar workforce and the other half of America is small to medium-sized businesses who do not have four or one cases for their employers. So we have a major disconnect going on where the corporate workers, half of America saw the great gains in the stock market, while the blue-collar, hard-working America and for the most part didn’t. But for that half of America, what are they limited to economically if they aren’t in the stock market? Well, they could get Krypto, but a majority are just using bangs. And that is what we need to talk about right now as the stimulus bill gives them a dark and dirty toolbox. So smaller banks have under 10 billion in assets. They have been given something just a sweet. Their leverage ratio has been reduced from 9 percent to 8 percent until the end of the national emergency. That previous regulation of keeping it at nine percent regarding banks leverage ratios were put in place following that 2008 financial crisis as a way to better ensure that they would be prepared to cover. Loan losses should the need arise, and this ratio specifically measures the core capital of a bank relative to its assets. So for an easy example, if a bank lends out one hundred dollars and has ten dollars of capital held in reserve to cover possible losses in that loan pool, its leverage ratio would be 10 percent and divided by 100 hundred. Now, the higher the leverage ratio, the safer the bank, the lower the riskier. So dropping it to eight percent means we have a shit ton of risky small and community banks across America. So what about the big banks, the big bankers? While these financial institutions like JP Morgan, Goldman Sachs and more, they get a sweet pass to even sweeter. They’re allowing all financial institutions to suspend troubled debt restructuring as there is going to be a ton of troubled debt coming out of this. And it allows financial institutions to delay implementation of the Financial Accounting Standards Board’s new current expected credit losses rule, meaning they don’t have to account for much during this whole crisis but get to run willy nilly, which is amplified by the more fine print. Banks, specifically the national ones, have their lending limit waived for the duration of this crisis. They will get to lend as much as they please. But remember, I said things get nasty with the banks if they get disgusting. They are modifying the brick in Dodd-Frank Act, the act drafted in 2010, the longest piece of financial regulatory text in history to stop these sons of bitches from ever doing 2008 again. So what are they modifying while they’re giving the FDIC the power to establish a temporary program to guarantee the banks that temporary, which if you understand the government and when they say temporary, they usually mean forever. Remember Nixon taking us off the gold standard? Accordingly, I have directed the secretary of the Treasury to take the action necessary to defend the dollar against the speculators. I have directed Secretary Connally to suspend temporarily the convertibility of the dollar into gold or other reserve assets, except in amounts and conditions determined to be in the interest of monetary stability and in the best interest of the United States. So what is this forever program? In my opinion, to guarantee bank debt? Well, it was first brought forward in 2008. Hey, we’re bringing it back. And it’s called the Temporary Liquidity Guarantee Program. And to get this program going, the Federal Deposit Insurance Corporation, FDIC and the Federal Reserve invoked it. And the secretary of the Treasury approved the use of the systematic risk exception under the Federal Deposit Insurance Corporation Improvement Act of nineteen ninety-one. And under the guidance of the systematic risk exception, FDIC implemented two programs. A Debt Guarantee Program DCB, which extended the FDIC, is guaranteed to newly issued debt instruments of FDIC insured institutions that are holding companies and their eligible affiliates. And the transaction account guarantee program he a g p which provided unlimited deposit insurance coverage of non-interest bearing transaction accounts. So these two programs are revived today and the FDIC insurance covers all the new loans and debt the banks get to run willy nilly with. Who covers this? If the bank’s job, the taxpayers are. Yes. The FDIC always boast that they will cover bank runs without taxpayer money from their Web site. The FDIC received no congressional appropriations. It is funded by premiums that banks and thrift institutions pay for deposit insurance coverage and from earnings on investments in U.S. Treasury securities that FDIC ensures trillions of dollars of deposits in U.S. banks and thrifts, deposits and virtually every bank and thrift in the country. But if you look into the fine print of these programs, like in 2012, when the Transactions Account Guarantee program was investigated, you see the truth on page 10. They talk about the potential impacts of this program. If it was extended, it read, some have raised concerns about what effect an extension of tag would have on the FDIC Deposit Insurance Fund EAF. Under the program, as established by the Dodd-Frank Act, TAG insurance functions as part of the FDIC traditional insurance for risk-based insurance system to function effectively. The entity setting the insurance premium must accurately forecast future risk or be able to recoup losses ex-post. If the FDIC can successfully estimate the future costs that tag funds would impose on the D-I app, then the premiums could be set to cover. They expected losses. However, problems may arise if the insurance is underpriced due to an underestimation of those future losses. If future losses caused the DHS to become depleted, the DHS may have to borrow from the Treasury to protect depositors, putting taxpayers at risk. So my friends, we the citizens are the last leg regarding saving the banks. Now, if the banks make bad loans, that banks overstep. If the banks lose at all, that taxpayer is now on the hook. It’s a bank bail and not bailout. But this craziness is the case for bitcoin and crypto bitcoin. And defy turns you into your own bank where you control the flow of funds, where the funds are allocated into interest-bearing accounts and using your funds as collateral. Reaping the rewards of which in the past the banks did. So, my friends, we are all on the hook as American taxpaying citizens for this. But we don’t have to contribute to their addictions for cash as if we put our money in their bank. They’re going to use it as collateral and make money. They’re already getting four trillion dollars from the federal government. So when the FDIC decided to say this, we’re living in unprecedented times at a time when a pandemic like this, it is way too easy to get confused and to have fear about what you should be doing with your money in your account, especially as you’re looking to volunteer at the volatility in the stock market and the financial sector. This is what I would like you to take away from this. Your money’s safe at the banks. The last thing you should be doing is pulling your money out of the banks now, thinking that it’s going to be safe for someplace else. You don’t want to be walking around with large amounts of cash and you certainly don’t want to be hoarding cash in your mattress. It didn’t pan out well for so many people. And I will tell you this. No depositor has lost a penny of their insured deposits since 1933 when the FDIC was created. So if you’re talking about having your money in a safe place, please keep it in an FDIC insured name. I was like, oh, snap. They’re getting scared as banks don’t have the cash. New rules. They only half have 8 percent reserves on hand. So it’s 8 percent of the US population decides to run on the banks. Ninety-two percent of people can’t and will not be able to get their money out. They pleaded that on the 24th of March 25th, they made a new plea showing that counts. They cover up to 250 KW. Then the same day they retweeted an FDIC bank who is probably having bank run issues. Their post about how cash is dirty, unsafe, unclean and will only be safe with them. Then on Friday, they posted. Banks don’t have to report to them this entire month. The FDIC, in coordination with other federal banking agencies, announced a 30 day grace period for filing first-quarter call reports for banks that may need additional time due to staffing priorities or disruptions as a result of Cauvin 19. So the banks, no frickin oversight right now. And FDIC is in the dark about how bad things are getting regarding their cash reserves. I’m getting my money out of the bank. Cash I can survive with gold as a hedge and BDC cerium and altcoins. They’re holding nicely on my ledgers. Cheers. I’ll see you next time.

source https://www.cryptosharks.net/bank-run-soon-get-your-cash-out-now/

[heatherrdavis1]

WARNING: Bank Run Soon!! Get Your Cash Out NOW!

VIDEO TRANSCRIPT

Egg yolk. What is going on? Viewers of the tube. My name is Tyler and I’d like to introduce you to the channel that keeps it as funky and isolation and quarantine as this grandma. You know how we sked dance. It’s time for Chico. Krypto. Well, it’s been a few days since I’ve seen all your faces and since I shot today’s video, Monday’s video all the way back last week on Friday. It’s hard to assume what has happened with the markets traditional and crypto, but we can look to see what happened as of Friday last week. Well, the Dow Jones stock market started to look like the crypto market’s volatility. Massive single green candle pumps and in three days brought it up nearly 4000 basis points. The strongest rally since the Great Depression in 1933. But as of Friday, the rally had to be put on pause, which I’m sure got investors, hedge fund managers and financial analysts shaking in their boots because the stops have all been pulled out. My friends, the Fed and the US government, including the Treasury, doesn’t have any ammo left. They created three new SPV special purpose vehicles, which we talked about last Friday. 4.5 trillion dollars is available for the banks and the corporations and the Fed funds rate will have to be dropped into negative territory if slashed any further. So what is going on with finance? One point zero. Did today pump or dump? Well, we need to look back to something. The financial crisis in 2008, because similar things happened back then like the collapse and bailouts and the creation of F.P.. These happened in March of 2000, a March 11th, 2008. Federal Reserve and other central banks announce specific measures designed to address liquidity pressures in funding markets. And from the announcement, the Federal Reserve announced today an expansion of its securities lending program. Under this new term securities lending facility P S L F and S P V well, what happened after the announcement of this SPV to the Dow Jones on the day March eleven pump in that pump lasted for about a month, but eventually back down like Charlie Brown. That downward pressure kept up for over a year. Yes, a year, you guys, where the Dow went from around 11000 basis points to six thousand six hundred and twenty-six points at the low, a loss of basically 50 percent back then. During that time, it felt like the sky was falling out from under investors. Have we felt like that so far during present times? No, not yet. And that is why I believe finance one point zero in the stock market hasn’t felt the full brunt of this bear market. It’s still to come and it possibly could have started today. But this isn’t all about the stock market. I mean, stocks. They are for the big boys. Your average Joe or Jill is an invested. I mean, look at stock ownership since 2008 to today has fallen from 62 percent of Americans to 55 percent. You have the stock market has pumped significant gains to be had and getting stocks is easier. Robinhood app, cash app and more. That doesn’t make sense, does it? So who are the 50 percent that doesn’t own stock? Well, those are the people who don’t have that killer White-Collar job with a four or one K. Just check out the percentage of Americans who have for one case. It’s about 50 percent. So corporate America is economically forcing their worker’s slaves to invest in stocks. So if you didn’t know half of America is a corporate Shachar workforce and the other half of America is small to medium-sized businesses who do not have four or one cases for their employers. So we have a major disconnect going on where the corporate workers, half of America saw the great gains in the stock market, while the blue-collar, hard-working America and for the most part didn’t. But for that half of America, what are they limited to economically if they aren’t in the stock market? Well, they could get Krypto, but a majority are just using bangs. And that is what we need to talk about right now as the stimulus bill gives them a dark and dirty toolbox. So smaller banks have under 10 billion in assets. They have been given something just a sweet. Their leverage ratio has been reduced from 9 percent to 8 percent until the end of the national emergency. That previous regulation of keeping it at nine percent regarding banks leverage ratios were put in place following that 2008 financial crisis as a way to better ensure that they would be prepared to cover. Loan losses should the need arise, and this ratio specifically measures the core capital of a bank relative to its assets. So for an easy example, if a bank lends out one hundred dollars and has ten dollars of capital held in reserve to cover possible losses in that loan pool, its leverage ratio would be 10 percent and divided by 100 hundred. Now, the higher the leverage ratio, the safer the bank, the lower the riskier. So dropping it to eight percent means we have a shit ton of risky small and community banks across America. So what about the big banks, the big bankers? While these financial institutions like JP Morgan, Goldman Sachs and more, they get a sweet pass to even sweeter. They’re allowing all financial institutions to suspend troubled debt restructuring as there is going to be a ton of troubled debt coming out of this. And it allows financial institutions to delay implementation of the Financial Accounting Standards Board’s new current expected credit losses rule, meaning they don’t have to account for much during this whole crisis but get to run willy nilly, which is amplified by the more fine print. Banks, specifically the national ones, have their lending limit waived for the duration of this crisis. They will get to lend as much as they please. But remember, I said things get nasty with the banks if they get disgusting. They are modifying the brick in Dodd-Frank Act, the act drafted in 2010, the longest piece of financial regulatory text in history to stop these sons of bitches from ever doing 2008 again. So what are they modifying while they’re giving the FDIC the power to establish a temporary program to guarantee the banks that temporary, which if you understand the government and when they say temporary, they usually mean forever. Remember Nixon taking us off the gold standard? Accordingly, I have directed the secretary of the Treasury to take the action necessary to defend the dollar against the speculators. I have directed Secretary Connally to suspend temporarily the convertibility of the dollar into gold or other reserve assets, except in amounts and conditions determined to be in the interest of monetary stability and in the best interest of the United States. So what is this forever program? In my opinion, to guarantee bank debt? Well, it was first brought forward in 2008. Hey, we’re bringing it back. And it’s called the Temporary Liquidity Guarantee Program. And to get this program going, the Federal Deposit Insurance Corporation, FDIC and the Federal Reserve invoked it. And the secretary of the Treasury approved the use of the systematic risk exception under the Federal Deposit Insurance Corporation Improvement Act of nineteen ninety-one. And under the guidance of the systematic risk exception, FDIC implemented two programs. A Debt Guarantee Program DCB, which extended the FDIC, is guaranteed to newly issued debt instruments of FDIC insured institutions that are holding companies and their eligible affiliates. And the transaction account guarantee program he a g p which provided unlimited deposit insurance coverage of non-interest bearing transaction accounts. So these two programs are revived today and the FDIC insurance covers all the new loans and debt the banks get to run willy nilly with. Who covers this? If the bank’s job, the taxpayers are. Yes. The FDIC always boast that they will cover bank runs without taxpayer money from their Web site. The FDIC received no congressional appropriations. It is funded by premiums that banks and thrift institutions pay for deposit insurance coverage and from earnings on investments in U.S. Treasury securities that FDIC ensures trillions of dollars of deposits in U.S. banks and thrifts, deposits and virtually every bank and thrift in the country. But if you look into the fine print of these programs, like in 2012, when the Transactions Account Guarantee program was investigated, you see the truth on page 10. They talk about the potential impacts of this program. If it was extended, it read, some have raised concerns about what effect an extension of tag would have on the FDIC Deposit Insurance Fund EAF. Under the program, as established by the Dodd-Frank Act, TAG insurance functions as part of the FDIC traditional insurance for risk-based insurance system to function effectively. The entity setting the insurance premium must accurately forecast future risk or be able to recoup losses ex-post. If the FDIC can successfully estimate the future costs that tag funds would impose on the D-I app, then the premiums could be set to cover. They expected losses. However, problems may arise if the insurance is underpriced due to an underestimation of those future losses. If future losses caused the DHS to become depleted, the DHS may have to borrow from the Treasury to protect depositors, putting taxpayers at risk. So my friends, we the citizens are the last leg regarding saving the banks. Now, if the banks make bad loans, that banks overstep. If the banks lose at all, that taxpayer is now on the hook. It’s a bank bail and not bailout. But this craziness is the case for bitcoin and crypto bitcoin. And defy turns you into your own bank where you control the flow of funds, where the funds are allocated into interest-bearing accounts and using your funds as collateral. Reaping the rewards of which in the past the banks did. So, my friends, we are all on the hook as American taxpaying citizens for this. But we don’t have to contribute to their addictions for cash as if we put our money in their bank. They’re going to use it as collateral and make money. They’re already getting four trillion dollars from the federal government. So when the FDIC decided to say this, we’re living in unprecedented times at a time when a pandemic like this, it is way too easy to get confused and to have fear about what you should be doing with your money in your account, especially as you’re looking to volunteer at the volatility in the stock market and the financial sector. This is what I would like you to take away from this. Your money’s safe at the banks. The last thing you should be doing is pulling your money out of the banks now, thinking that it’s going to be safe for someplace else. You don’t want to be walking around with large amounts of cash and you certainly don’t want to be hoarding cash in your mattress. It didn’t pan out well for so many people. And I will tell you this. No depositor has lost a penny of their insured deposits since 1933 when the FDIC was created. So if you’re talking about having your money in a safe place, please keep it in an FDIC insured name. I was like, oh, snap. They’re getting scared as banks don’t have the cash. New rules. They only half have 8 percent reserves on hand. So it’s 8 percent of the US population decides to run on the banks. Ninety-two percent of people can’t and will not be able to get their money out. They pleaded that on the 24th of March 25th, they made a new plea showing that counts. They cover up to 250 KW. Then the same day they retweeted an FDIC bank who is probably having bank run issues. Their post about how cash is dirty, unsafe, unclean and will only be safe with them. Then on Friday, they posted. Banks don’t have to report to them this entire month. The FDIC, in coordination with other federal banking agencies, announced a 30 day grace period for filing first-quarter call reports for banks that may need additional time due to staffing priorities or disruptions as a result of Cauvin 19. So the banks, no frickin oversight right now. And FDIC is in the dark about how bad things are getting regarding their cash reserves. I’m getting my money out of the bank. Cash I can survive with gold as a hedge and BDC cerium and altcoins. They’re holding nicely on my ledgers. Cheers. I’ll see you next time.

Via https://www.cryptosharks.net/bank-run-soon-get-your-cash-out-now/

source https://cryptosharks.weebly.com/blog/warning-bank-run-soon-get-your-cash-out-now

[duaneodavila]

The President Is Just Doing Some Light Securities Fraud

Donald Trump’s overt campaign against Amazon and its CEO Jeff Bezos continued apace today as the actual President of The United States took to Twitter once again in an attempt to foment public outrage against a private company.

I am right about Amazon costing the United States Post Office massive amounts of money for being their Delivery Boy. Amazon should pay these costs (plus) and not have them bourne by the American Taxpayer. Many billions of dollars. P.O. leaders don’t have a clue (or do they?)!

— Donald J. Trump (@realDonaldTrump) April 3, 2018

Trump also took advantage of some White House camera time to repeat his new favorite – and not entirely factual – statistic that the USPS loses $1.50 on every package it ships for Amazon. The man behind that figure, Citi analyst Christian Wetherbee, has already publicly stated that there is some nuance to the math but that hardly matters to a man who has proven to be psychologically allergic to either accuracy or nuance. And Trump’s fury at the USPS getting shafted is made even more hilarious and bizarre when one factors in that he has failed to appoint people to actually run the USPS.

The president’s anger towards Amazon seems to be twofold and personal. Bezos is hovering around the “World’s Wealthiest Person” title, an honor that Trump almost certainly yearns for with agonizing desire, and owns The Washington Post, a news organization that has taken an unapologetically adversarial stance towards the Trump Administration. Multiple reports have claimed that Trump has become “obsessed” with “hitting” Amazon, and Trump has long shown signs of being hung up on Bezos/Amazon.

Unlike yesterday, when Trump’s anti-Amazon tweets sent the company’s stock into a nosedive, the market seemed to tune out Uncle Donny’s wacky ranting today, and AMZN closed up almost 1.5% on the day. Beyond the fact that the whole affair is utterly absurd, it stands to reason that a ton of buy orders were filled when one of the world’s blue chippiest stocks fell by about $200 a share in 3 days.

And there was also the fact that news broke an hour before the bell citing White House sources who told Bloomberg that there was really no concrete game plan to go after the most powerful e-commerce, retail and cloud computing company in the world.

And that makes sense, because…well, no fucking shit.

Amazon employs more than half a million people and, with a market cap over $710 billion, has taken a pretty sizable role in the American economy. The fact that any politician would go out of their way to go full omertà on Bezos’ baby is beyond the pale batshit, and also technically very illegal.

Consider this: You’re a shareholder in a public company and some social media celebutard takes to some platform and uses their influence and audience to wage a vendetta by spreading weak/incorrect stats about the company that you own shares of, and then the stock falls like a lead zeppelin. What would you do? Perhaps sue the fucker for securities fraud?

Well, that’s kind of the case here. We spoke to a securities lawyer at a white shoe NYC firm who told us “Yeah, we’d probably be suing the shit out anyone who did this to a client.” And even more fun, that same lawyer was unclear if the president had immunity from a potential class action on something like this. And the White House source who spoke to Bloomberg was clearly trying to indicate that the West Wing is laboring to keep Trump’s federal securities violations to more of an “over the sweater” variety because there is no playbook for something this stupid and wrong.

Put away your personal feelings for Amazon for a moment and let’s be real honest with one another: This is fucking madness. We do a lot of stuff about fraud here at dealbreaker dot com, but we never really thought we’d be looking at a situation where the president was shit-posting about a company that Don Jr. and Eric have almost certainly shorted by now [or at least Don Jr.]. Trump has so thoroughly gaslighted us a citizenry that we are covering this whole thing as a markets story. It’s…fucking not.

It’s a constitutional crisis story.

In a few weeks, Trump will have moved on to a new obsessive target for his inchoate adolescent rage [unless Bezos tweets about how big his hands are] and Amazon will announce that it has ramped up plans on its own delivery logistics system. That will plunge the USPS into a cycle of fear and madness that will lead to fiscal crises and probably the firing of the Postmaster General [especially once Trump realizes that he never got rid of Obama’s appointee]. Amazon is propping up the postal service at this point and Jeff Bezos does not fuck around when challenged. We are almost looking forward to Trump siccing Steve Mnuchin on Amazon, because Bezos eats guys like Stevie Mnooks for breakfast. REgardless of how this plays out, Jeff Bezos will win.

If  Trump tweets about Amazon tomorrow [and he almost certainly well since that pit of need is bottomless] we’ll be fascinated to see if it has any material affect on AMZN. Perhaps it will send the stock surging, traders don’t have a clue (or do they)!

This whole thing is beyond the pale of reason, and it’s time to start treating it as such.

The President Is Just Doing Some Light Securities Fraud republished via Above the Law

[canigetthatmoneyboneless-blog]

Corporate Systematic Oppression

So, I’ll begin this blog with a subject/issue I’ve been thinking hard about and had to unload from my chest. You can find a summary of other shit I’ll be doing in my ... summary.

So (and I may edit this in the future too since this is a large topic for the time I have now), I want to point out that I am recently graduated and am currently on the playing field trying to get myself in a position to gain knowledge and experience in the field I studied in (Analytical Mathematics/Actuarial). I’m so eager because I want to hit the ground RUNNING. I want to learn, innovate, improve, and get myself noticed and make my way to a position where I can learn the ins and outs of the industry. I also need it because I’m a first generation graduate, and U.S. born.

That means that my family has worked too hard to get me where I’m at. They’re going to need my help. They deserve it because of all the sacrifices they made, including leaving family behind. I want to be able to financially care for those I love and more. So I am eager to really get that going.

So that’s kind of my general context. My family is one from humble but extremely hard working backgrounds. From dirt to something. Which to me is more impressive than water to wine.

Okay, so that covered, I have a question/issue I want to shed light to and describe. I want to do that here because I can’t think of a way to bring attention to it and maybe making someone somewhere in a corporation think, “awe man he’s right maybe I should do something because it’s awful and shallow.”

I’m not famous, I’m not a reporter or a column writer. But I got dis. 

I have been applying to jobs feverishly since about 5 months after I graduated. I waited because I didn’t think anyone would have any interest in me if I didn’t have at least 1 SOA exam passed. I passed it and I suddenly found myself thinking that maybe I can get my foot in the door somewhere if I just throw myself out there. After all I do have a degree and a passed SOA Exam, which is some good work. 

At first I applied to about 40 jobs in 1 week and was feeling enthusiastic. I almost started thinking back to what the practice interviewer from one of the bigger actuarial employers (Humana) here had said, “You want to make sure and have 2 exams passed by next spring before you apply, or at least 1 passed and 1 scheduled. But honestly you might need 2 by next year.” 

This at the time hadn’t struck me into thinking, but at this point I felt like it was stupid anyway. I got 1 interview, out of all of that. And a heck ton of sales jobs for insurance companies (I have retail experience), actually too many.

The 1 interview falls through (I think I asked too high a salary), I learn from that mistake, and apply to about 40 more places. To this day I have yet to see anything from anyone I’ve applied to. I want to say too, that for about 35 of the 40 jobs I applied to each time, I was qualified if not overqualified to do them. Albeit fresh on the market. 

This type of disouragement (discouraged worker?) has led me to think about how all of these supposedly diversity focused socially conscious corporations really don’t realize that they only focus on what they already get in the door and not what they can have and the changes they CAN make. 

I think to two points that stick out in my mind. I recently spoke to someone working there at Humana, and they pointed out to me that almost all of the Intern Program hires that they get from undergraduates in University are privileged white males. I think on this and realize that almost all of the people I had seen enter this program (some couldn’t because some don’t realize that it even exists until too late) were like that. And they also didn’t work for a living while studying. 

Okay, fine, so Chad (fictitious template character) was lucky enough to get into the intern program (which is selective), and they hired him on at above 50,000 salary. Cool. Let’s see if I can just get in.

After applying to numerous corporations, I received nothing. So thinking back on that statement: Corporations like this are valuing Chads out of college (which was essentially the same as mine formally, but lacking my part time background) as an asset they can pay good money for, and an opportunity. But my experience, which is at the very least the same; same classes, same involvement regardless of gpa, same product: graduation, is valued at nothing.

I will admit that my gpa is 2.7 vs. the 3.0 most corporations preferred. 

And this is another point that I want to bring up. The Chads that all of the actuarial employers here more than likely had the opportunity to go to college WITHOUT HAVING TO WORK AND PAY FOR RENT/UTILITIES. Doing this takes time, creates stress, and makes it harder, much MUCH harder to focus on school. Regardless I did it, and still tried to make my efforts in school count. 

Who has had to do this? You can bet big money that A LOT of minority students have had to. No, scholarships/sportsmoney/grants that cover everything for 4 years don’t count. Because there’s an extremely small # of them. So the majority of minority student’s have to find a way to tackle that problem. Loans, work through college, take breaks, etc. This affects the immersion of the student into the material tremendously. 3.0s aren’t impossible to grab under these circumstances, but for a lot of people, dipping below that is what gets them practically black listed from hiring “professionals”.

Okay, so there’s people out there who did all that and have a 4.0. 

Great, I’m so glad for them. That’s some real good coordination. They knew what they had to do, maybe someone told them, and they just so happened to not fall off track once with anything. 

I remember being in school and not being able to pay for electricity for a month. I still studied, but I can’t quite say I wasn’t stressed. I was also working.

I also had no one to tell me how to figure out what to do. I was just a brown skinned kid who thought going to college would be a must do, I just didn’t know what. I didn’t explore and just thought I had to pick and so I picked artf, so I did terrible (not in art, just in finding motivation). I took a break, and ended up coming back with a warning and a solid plan. I went into the sciences, and kept my grades significantly better than my 1st year and a half. But it took falling apart first to realize I didn’t know anything about what I wanted to do. I wish someone had told me to explore first.

And so I find myself in a dilemma I suddenly started to realize a lot of people with background similar to mine might have found themselves in. A lot of minority students and graduates who have had nobody to guide them a little and are finding no empathy for the struggles they’ve had to face so early on.

Keeping this in mind, I am definitely against the way corporations are hiring. A number, and some preferential treatment with no empathy or even acknowledgement of how someone got there. I’m fairly sure bringing up struggles like that might even be looked down upon. 

This is ridiculous. And I don’t wish for corporations to be relaxed to minorities about gpa requirements and qualifications necessarily. But to adopt PEOPLE, and practices that would lead to helping the minority community make it to where so many affluent white peers have no issue of getting into. By people I mean people with similar backgrounds as us, or at least diverse. Not just race or ethnicity. 

Maybe not skimming through cover letters that people might be trying to communicate a valuable experience others may not have. I know people do this and frown on long cover letters. But how are you going to be able to give someone a chance on shining the light from their experiences if these people only skim short passages and already have determined what they WANT to see or hear. 

In kind of summary, I want to point out one last point. I have several friends, and all of them are white that I know of, that have achieved getting analytical/actuarial jobs without even having the degree that is associated with it. Alot of these people, I learned from one meet and greet, only have 1 or 2 exams passed. So for example, I’ve seen a political science major get an analytical job with no experience. I’ve seen psychology majors and art history majors get analyst jobs. They’re all white. Have I applied to general analyst jobs? Yes, many of the same kinds. I have nothing. Do I have the background and even some project experience? Yes.  

This shows me that people are not looking for qualifications all the time, but for either some high mark of involvement or something else. And yes, I have heavily considered the one thing I try not to let get to me: racism. Could it be these companies are full of white people that just want to be or are comfortable being around mainly other white people? I see it in other places and in social circles, so why couldn’t it happen in a company where culture and fit are so highly sought after?

What does everyone think? How does this issue get resolved? Will corporations ever have to change these practices?

I never hear anyone talk about this, and it’s probably why it’s gotten worse. We just accept that we have to work harder than our privileged friends to get close to where they’re at. And for now, that’s all I have left. I start studying for my next exam in 2 weeks, and hope I pass it. After that we’ll see if that even makes a difference. This is all 4 months out at the least. Another 4 months and $600 later (that’s another obstacle to jump over for those wanting to be an actuary), I might have a chance at a job. 

For those wondering how much a poor minority student might have to pay for exams:

Exam FM: $220 exam fee, $419 all out study bundle on coaching actuaries

Exam P: Same as above

Exam MFE: $220 exam fee, $718 study bundle on CA

Pay to win.

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webcam models Strategies And Techniques All Internet sites Must Use

Cam Modeling

For example, I love words "stupid," for some strange reason. Asinine Kitty would be super awesome and also original for a name, I assume (or Asinine Honey, or Asinine Chickie, etc). Nobody would neglect it, that's for sure (and also that's truly exactly what this is concerning ... selecting a name that sounds awesome and sticks to individuals ... it's called branding!). Whatever you pick, ensure to look the name on Google prior to you pick it, to validate that nobody else is using it!

Cam Modeling Tax Obligations

Obviously, you will be the one that chooses what does it cost? of this info you intend to in fact utilize. If you simply desire some great recommendations on ways to cam to raise your tips as well as show earnings, that's fine-- my UCS program could offer that for you. But if you are just one of those women that intends to go all the means as well as discover exactly how to end up being a cam lady that takes no detainees, the understanding you require to do it remains in my training course!!

Yes, there's a shit-ton of loan to be made in webcam modeling, however you have actually learnt more about just what you're doing. There are lots of DOs as well as DO N'Ts to discover before you begin camming, great deals of creative methods you should understand, and some genuinely sophisticated methods that could dramatically enhance any type of webcam model's opportunity of making lots of money in this business.

Just what you need to fret about in relation to your profile is the written content. I have actually seen many model profiles go unfilled, leaving a substantial possibility to develop their brand unexploited. My guidance is to take your time and also consider exactly what you desire to create ... just how you wish to share on your own, and what sort of picture you wish to project. After that, just rest there and fill everything in. Tell us regarding your preferred songs, your most popular sex-related dreams, the high qualities you like in males. The more of this kind of intimate understanding you reveal to your audience, the more probable it is that you will certainly tempt an individual to find out more about you by potentially buying a show.

They enjoy, they're making a lots of loan, and also they're not running into many problems. I would certainly anticipate the exact same would certainly hold true for you. While there are no guarantees in this company, or anywhere else in life, I believe it's a sure thing that your future after camming will be as intense as any person else's. The majority of people simply do not care much about this kind of things anymore.

Cam Modeling Definition

Exceptional question. Not all camera websites are created equal, and also not all camera websites are suitable for novice models. There are lots of prominent sites available that simply make it far also difficult for brand-new cam girls to establish themselves, much less find out ways to cam the appropriate means. They have the tendency to compensate versions that are currently well-known (like pornography celebrities), or that currently have big followings of devoted web cam johns (Woooo!!!). Currently, if a simply starting model is absolutely lovely, has a shimmering personality, and hits almost each bullet factor on the listing of amazing web cam lady qualities, she'll probably succeed at these websites.

Cam Modeling

Many cam girls share this concern to me, however my solution is constantly rather simple, and also it's primarily this-- the society has actually altered. Thirty years earlier, if a girl positioned nude or performed in anything adult-related, she would certainly have endangered her ability to pursue conventional careers later on. Nowadays, nevertheless, with everyone "sexting" dirty images of themselves and also getting their phones hacked, the typical individual's reaction to finding out that there are mischievous images of you on the net isn't likely to be as well judgmental. Adult product has never ever been even more mainstream, and acceptance of sexually explicit amusement is, and has been, skyrocketing. I understand of many present camera women that likewise work dayjobs as registered nurses, bartenders, financial analysts, therapists, or even veterinarians!

While still on the topic of camming tools, I intend to point out that you might likewise locate it helpful to own a web cam tripod. With it, you can move your webcam around effortlessly (which is pretty valuable for the purposes of developing a feeling of dynamism in your area ... to be discussed in the course) and placement it practically anywhere you want without needing to haul your computer system everywhere. Numerous women report it's very hassle-free. Thankfully, these are dust affordable, so no have to market a kidney. An excellent low-cost one is the Polaroid 8-Inch Strong Mini Tripod.

Let's start with the very fundamentals of grown-up webcam modeling. Even if you currently know the majority of this things, you must still check out it to earn sure you obtain a totally rounded understanding of just how things operate in the camming world. So, go ahead as well as ask me anything you want (well, kindly do not inquire about my personal shows with that "camgirl" from Brazil ... but any type of various other topic is reasonable game.)

That brings me to a really important factor I should make ... I don't wish to merely teach you the best ways to grin the proper way, or how you can tremble your booty with just the ideal amount of jiggle in order to make a few added dollars on cam ... I desire to show you exactly how to build and run a full-on webcam business. I will instruct you how to create a brand, manipulate that brand name to the maximum extent possible, and also how you can monetize every dedicated fan up until his pocketbook is as dry as sandpaper (don't fret ... these people will GLADLY spend loads of money on you, if you do this right!).

When you work from residence in any capability, the problem of establishing time aside for functioning is a big one. Some people are simply all-natural toilers who always discover a method to place in the time, however some need to be seriously determined to obtain their butts on duty. The only point I can tell you on this subject is that there is a great deal of loan you can be making by ending up being a camera lady ... as well as every minute you're NOT in front of that moneymaker, you're cheating on your own.

When you take into consideration simply exactly how incredibly shitty a normal work could be, as well as when you understand exactly how a lot a camera lady makes when she's operating with the appropriate details, the concept of establishing your personal hrs as well as being your very own boss as you make bank begins to look actually good. Besides, this work can be actually enjoyable, if you approach it with the appropriate attitude. You're at home, paying attention to hot songs, and teasing men with your, , charms. And also, you're making excellent cash doing it. What's not absolutely amazing about that?

Ummm ... no. Choosing a webcamming name to do under is in fact an exceptionally vital choice which you need to not take lightly. There are a few things to take into consideration if you intend to be a cam woman that makes a mark with her brand name. The initial is individuality. You require to select a name that no one else has, or has actually ever desired for having. And also this goes not only for other cam women, however, for other performers duration (including stars, versions, musicians, porn stars, strippers, and so on).

That's where I can be found in. When you get your practical my Uber Webcam Star course, you'll find out how you can create a full-blown camming venture that will pull in significant cash for you and also facilitate the sort of way of life that would make Kim-K dirt herself (all right, perhaps that's a minor overestimation). UCS is the most effective, most thorough web cam lady guide around.

The reason for this is that you do not intend to be confused with any person else, and you absolutely don't want people to obtain sent out to one more performer's internet sites when they Google your name! As you will discover in my training course, internet search engine website traffic is exceptionally valuable ... you want to make darn certain that you shuttle each and every single web surfer that browses for your name straight to your web properties (blogs, accounts, pay sites, etc.).

Otherwise, attempt to utilize 75 or even 100 watt light bulbs in each light (so long as the light is rated for that wattage). Must do the work. The primary light resource in the area (lamp, ceiling bulb) would preferably be behind you. Keep in mind to make security an initial top priority when organizing your illumination ... lights can burn very hot, so be careful with them. As well as don't allow them drop over.

As a grown-up webmaster, I have actually promoted camera websites for quite a long time, but I have actually likewise functioned closely with successful webcam designs to discover specifically what works as well as exactly what does not in the camming biz. Considered that so numerous rookie webcam women fall short miserably in this sector because of basic absence of understanding, I made a decision to do my part in easing that problem.

Yeah, well ... as I was claiming, you usually intend to have an incredibly rapid connection to the web when you're camming. DSL has some constraints in that respect, especially on the upstream rates. My recommendations to you would be to provide it a shot and see what happens. If you face constant speed issues like choppiness or lag, you should most definitely consider transforming to a cable connection. Thankfully, cord companies generally provide prices that are fairly competitive with DSL, specifically throughout the first 6 months. A cord link is lot of times quicker compared to DSL, so it would absolutely address the problem, if it exists.

The cam johns communicate with the webcam girl in a chat space and at some point get shows from her, or tip her (making use of "tokens" or "credit scores" gotten via the website). The webcam site after that pays the webcam model a portion of the income she's generated at the end of the pay period (a pay duration is normally 2 weeks). Currently, there are great deals of methods for the webcam model to make much more money in addition to what she makes via the webcam website, yet I'll conserve that for my advanced material. 5 Tips about webcam models You Can Use Today 5 Easy Facts About webcam models Described A Simple Key For webcam modeling Unveiled