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VegasCoin the Las Vegas Cryptocurrency just like bitcoin, litecoin and most like Auroracoin, but for Las Vegas, Nevada.
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Have any of you radically changed your political views since childhood?

I grew up in a typical conservative middle-class household in the 90s. Like most conservative families, I grew up hearing about how horrible Sheikh Mujib became after 71, and how people were so relieved after he was murdered in 1975. This is something I heard from everyone, relatives, friends, etc. I, too, used to hate Sheikh Mujib. I thought he was a dictator, pro-India, anti-Islam, traitor, just wanted to be Pakistan's PM, etc.
Of course, I was a teenager in the 2001-2006 period when the BNP-Jamat government rammed the entire country into the ground. There were hartals and oborodhs all the time, electricity used to go off every other hour, terrorist would blast a bomb every other week while the government would term it all as a "conspiracy", there was no development and we would stagger from one crisis to another. Mullahs would carry out misils all the time calling for Shariah law, and attacking Ahmadiyya houses. Khaleda Zia had zero control over the country. She just didn't have any leadership qualities. I felt that I wanted to leave this shithole as soon as I got the first opportunity.
The BNP regime was interrupted by the caretaker government. Full of "highly educated" bureaucrats, I naturally supported them. But their "Minus 2" plan went nowhere, and they weren't being able to handle the country either. Fakhruddin Ahmed and Moinuddin Ahmed just didn't' have any leadership qualities either. Facing an unfavourable situation, they at least had the decency to organize elections and arrange a respectable exit for themselves.
Then we the Awami League get power in 2008. I still hated them back then. Their first term, 2009-2013 was full of turmoil, with the "Shahbag movement" and the "ICT Tribunal" and the hanging of the senior Jamat leaders. But the country gradually started getting into shape. If you look at the economic indicators we started taking off in 2010. By 2014 political stability was re-established. This was all possible due to Sheikh Hasina's leadership qualities, which others lack. The Awami League's electricity reforms paid off, and loadshedding is largely over in Dhaka. Awami League drastically reduced prices of broadband internet, and we got access to bufferless YouTube for the first time. BNP was jumping up and down screaming that government was looting crores of taka under the name of quick rental power plants. But our forex reserves zoomed from 10 billion to 30 billion. New roads were being built everywhere and Bangladesh's Debt-to-GDP ratio remains one of the lowest in South Asia, and in the world.
So I was really forced to re-evaluate my hatred of Awami League, Sheik Hasina and Sheikh Mujib. When I looked back at the life of Sheikh Mujib, I found that he dedicated his life to the people of East Bengal. He was a part of the Muslim League to get independence for us, and after witnessing the bloody religious riots changed his worldview to secular democratic socialism. That's something very admirable! That's not anti-Islam at all! And then he joined forces with India to free East Pakistan. That's not treason, his loyalty was to the people of East Pakistan. He single-handedly united 60 million very backward and uneducated people and led them to independence. After that, he presided over the creation of a Constitution that was secular, in a overwhelmingly rural, uneducated Muslim country. He could easily have given in to Saudi Arabia in return for oil, like so many Muslim countries, but did not compromise. He could have chosen to recognize Israel, and have gotten instant recognition and support from the West, but stayed firm to his principles of loyalty to the Palestinian people. All of his actions point towards the qualities of a great leader. Sheikh Mujib did not allow the Indians to stay in Bangladesh and ensured their withdrawal.
Just have a look at countries around the world today. Look at Syria, where they have a bastard dictator who murders his own people, and an opposition full of traitors and terrorists. Look at Libya, where the people have no leadership. Look at India, where they are under the thrall of a fascist religious dictator Modi. Sudan is only establishing secularism in their constitution in 2020, while Bangladesh did it 50 years ago!!! Look at Iran, where people are all trying to escape their religious government. Look at Pakistan with their blasphemy laws and their mullahs trying to oppose any law against child marriage! We bypassed all of this thanks to Sheikh Mujib and his foresight!!!
The closest leader who resembles Sheikh Mujib would be Mustafa Kemal Ataturk. While Ataturk was objectively greater than Sheikh Mujib, since he was an accomplished military leader who led the actual Turkish War of Independence himself, Ataturk also modernized a backward, rural, uneducated nation overnight into a modern, secular and democratic state. Of course, Ataturk has many haters. They also accuse him of being a dictator. But his achievements greatly overshadow any sacrifices that may have been required to achieve the goal of a modern independent Turkey. The same goes for Shiekh Mujib. Whatever are his faults, Rakkhi Bahini, BAKSAL, I am willing to forgive him for his leadership during our independence and his creation of a secular and democratic Bangladesh.
Today we are blessed to have his daughter Sheikh Hasina in power. Lots of you might call her "fascist". That's such a lazy and pathetic position to take. Trust me, if there was any other leader other than SH as PM the government would be just as "fascist" as her government is now. Its so easy to sit back behind a PC and cry "fascist fascist fascist". YOU try organizing a political party in a nation of 165 million people, and then successfully leading that country on the path towards economic development. Without a doubt, if those crying 'fascist fascist' were put into power as PM they would be 100 times more fascistic than Sheikh Hasina is right now.
Without a doubt, human rights abuses occur under her. Abrar was beaten to death by BCL thugs (which was fully supported by the 'humanist' Taslima Nasrin btw). But those BCL thugs are in jail now. Major Sinha Rashed Khan was murdered by OC Liakat and Prodip. Both of them are in jail. If SH was as fascist as people claim, they would be out in the streets, like the Hindu thugs who carried out the Delhi riots in February, or the terrorist Mullahs in Pakistan who forcibly convert and kidnap Christian girls.
So, from what I have seen, Awami League is an organic political party of the people of East Bengal. They have deeper roots in the hearts of the people than any other political movement. And they should be lauded because they have established secularism and inclusive nationalism where there is space for Bangladeshis of all religions and ethnicities in a united Bangladesh. While sometimes they have acted in a fascist manner, it is excusable because there is no other alternative in Bangladesh who can win elections and be more liberal than BAL. Instead of pathetically criticizing them, those who want the best for Bangladesh should work with them in order to reduce the human rights abuses which do still occur. BAL will be remembered in history like the PAP of Singapore, or the UMNO of Malaysia, or the Chinese Communist Party; all of whom were authoritarian, who were accused of being fascist, but ultimately ensured the evolution of their societies from backward uneducated agricultural societies to modern, secular democratic industrial ones.
submitted by bgd_guy to bangladesh [link] [comments]

IS ____ AN MLM? SEARCH HERE. (MEGA THREAD)

For a quick, easier search - http://www.isthisanmlm.com/ has compiled this whole thread. Special thanks to u/SHIFTnSPACE. - This is now a part of the sidebar as a button widget!

What is an MLM?

Multi-level marketing (MLM), also called pyramid selling, network marketing, and referral marketing, is a marketing strategy for the sale of products or services where the revenue of the MLM company is derived from a non-salaried workforce selling the company's products/services, while the earnings of the participants are derived from a pyramid-shaped or binary compensation commission system. ​
THIS LIST MAY CONTAIN COMPANIES THAT HAVE PREVIOUSLY HAD MLM BRANCH BUT MAY NO LONGER HAVE ONE.
If you see a company and are not sure that it belongs on this list, please reach out. I have compiled this list from the sources listed at the bottom along with input from community members. This list may not be 100% accurate but the goal is to get it as close as possible.
31 - Bags
5Linx - Home & Business Services
Abby & Anna - Clothing
ACAN Pacific - Utilities
ACN - Utilities
ActiLabs - Skincare/Health
Adornable.U - Accessories
Advocare - Dietary Supplements
AeroGrow - Garden Tools
Agnes & Dora - Clothing
AIM Global - Nutritional Supplements
Akasuka (Japan) -
Alcone - Beauty
Alice's Table - Flower Arrangement Classes
All'asta - Home Goods
Allysian Sciences -
Aloe Vera of America (Young Living) - Nutritional Supplements
Aloette - Beauty
Alphay Int - Nutritional Supplements
AlureVe - Skincare/Health
Amare Global - Nutritional Supplements
Ambit - Utilities
Amelia James -
Ameo - Essential Oils
American Income Life - Financial
Amsoil - Motor Oil
Amway - Health/Beauty/Home Goods
Ann Summers - Product
Ann Summers (UK) - Adult Novelties
Anorak (UK) - Home Goods
Anran (China) -
Apollo (India) - Juice
Apriori - Skincare/Health
AquaSource UK - Nutritional Supplements
Arbonne - Skincare/Health
ARIIX - Water Purification
Arsoa Honsha (Japan) - Fitness/Weight Loss
Asea Global - Nutritional Supplements
Asirvia (shut down) - Marketing
Aspire/Digital Altitude - Marketing
ATC Coin - Crypto Currency
Athena's - Adult Novelties
Atomy - Skincare/Health
Ava Anderson -
Ava Rose - Clot
Avisae - Weight Loss
Avon - Beauty
b:hip Global - Health
Bachar Nutrition - Nutritional Supplements
Bamboo Pink - Jewelry
Barefoot Books - Books
Bath.Ologie - Bath Bombs
Beach Body - Fitness/Weight Loss Videos
BearCereju (Japan) - Cosmetics
BeautiControl -
Beauty Counter - Cosmetics
Beauty Society - Beauty
beCAUSE Cosmetics - Cosmetics
Become International (US & AUS) - Cosmetics
Bedroom Kandi - Adult Novelties
Beever (UK) - Hair Care
BelCorp (Latin America) - Cosmetics
Bellame - Skincare/Health
Bemer - Appliances
Better Way Design/Imports - Clothing
Biogreen Argentina -
BioPerformance - Automotive (Fuel Pills)
Bod-e Pro - Nutritional Supplements
Body by Vi/Visalus - Health
Body Shop at Home - Beauty
Boisset Collection - Wine
Boston Finney (shut down) -
Bounce Life/Network - Insurance
Bud Star (Canada) - CBD/THC Products
BurnLounge (shut down as pyramid scheme by FTC in 2012) -
Buskins - Clothing
Butterfly Beauty - Cosmetics
Cabi - Clothing
Cambridge Weight Plan/Diet - Dietary Supplements
CAN - Utilities
Captain Tortue - Clothing
Carico Int - Home Goods
Celebrating Home - Home Goods
Cellements - Skincare/Health
CEO Movement (Not MLM but scammy) -
Chalk Couture - Chalkboard Signs
Chalky & Co - Home Goods
Chandeal (Japan) - Clothing
Charle (Japan) - Clothing
Charlie's Project - Clothing
Chef's Toolbox (AUS) (Insolvency) - Kitchen Accessories
Cherish Natural Products -
Chloe & Isabel - Jewelry
Clever Container - Home Goods
Close to My Heart - Scrapbooking
Cloud 9 Parties - Adult Novelties
Cobra Group/Appco -
Cocoa Exchange - Food
Color by Amber - Jewelry
Color Happy -
Color Street - Nail Wraps
Colour Me Beautiful (UK) - Clothing
Compelling Creations - Jewelry
Conklin - Roofing
Cookie Lee (shut down) -
Cosway (Malaysia) - Health/Beauty/Home Goods
Country Scents - Product/Candles
Create Your Life - Health
Creative Memories - Scrapbooking
Credit Repair USA - Financial
Crunchi - Cosmetics
Cutco - Knives
CVSL - Multiple Companies
Daisy Blue Naturals - Personal Care
Damsel in Defense - Product/Self Defense
Darceys - Candles
David Lerner Associates, INC - Financial
Dazzle and Daze - Clothing
Deutsche vermögensberatung/Dvag (Germany) - Financial
Diana (Japan) -
Dione Cosmetics - Cosmetics
Direct Cellars/DC Nation - Wine
Discovery Toys - Educational Toys
Divvee/Nui -
Dot Dot Smile - Clothing
DoTERRA - Health/Oils
Du Northing Designs - Clothing
Dubli Network - Financial
Dudley Beauty - Cosmetics
DXN - Health/Beauty/Home Goods
Dynamic Essentials -
EcoWarehouse - Home Goods
Elepreneuer -
Elk River Soaps - Personal Care
Ella Tina - Clothing
Elli Kai - Clothing
Elvacity - Nutritional Supplements
EmGoldEx/Global Intergold -
Enagic/Kangen Water - Ionized Water
Endless Xpressions - Clothing/Accessories
Enersource Int - Nutritional Supplements
Enjo (AUS) - Cleaning Producs
Envy Jewelry - Jewelry
Epicure (Canada) - Food
Equinox International (dissolved in 2001) -
Ergo (Germany) - Insurance
Essante Organics -
Essential Bodywear - Clothing
European Grouping of Marketing Professionals/CEDIPAC SA (dissolved 1995) -
European Home Retail (dissolved 2007) -
Evanescence Network - Health
EVER Skincare - Skincare/Health
Evolution Travel - Product
EvolvHealth - Health
Faberlic (Russia) - Health/Beauty/Home Goods
Family First Life - Insurance
Family Heritage Insurance - Insurance
Fantasia - Adult Novelties
Fantasia (Canada) - Adult Novelties
Farmasi -
FES Connect - Financial
Fibi & Clo - Footwear
Fifth Ave Collection - Jewelry
First Fitness Nutrition - Dietary Supplements
Fit4Mom - Clothing
FITTEAM Global - Dietary Supplements
Flamingo Paperie - Art
Fleuresse -
FM World (UK) -
For Tails Only - Pet Supplies
Forever Living - Health/Oils
Forex Education (iMarkets Live branch) - Crypto
Forex Entourage - Financial
Fortune Hi-Tech Marketing (dissolved 2013) -
Four Oceans - Health
Fragant Jewels - Bathbombs
FreeLife - Nutritional Supplements
Frontrow -
Fuel Freedom Int - Automotive
Fund America (Bankrupt 1990) -
Gano Excel - Nutritional Supplements
GelMoment - Beauty
Gemstra - Jewelry
Genesis Pure - Nutritional Supplements
Global Legacy Initiative -
GoDesana - Pet
Gold Canyon - Product/Candles
Golden Days (China) - Health
Grace & Heart - Jewelry
Green HoriZen - CBD
Greeting Cake Company - Cake Kits
H2O At Home - Personal Care
Hale - CBD Oil
Hanky Panky Parties (Canada) - Adult Novelties
Happy Coffee - Coffee
Harvard Risk Management (Legal Shield) -
Hayward's Gourmet Popcorn - Food
HB Naturals - Health
He(L)o - Health
Healthy Peach - Dietary Supplements
Heavenly Chia - Food
Heka Corp - Fitness
Helo Wristbands - Health
HempWorx - Health
Herbalife - Health
Heritage Makers - Scrapbooking
Hinode - Cosmetics
Holiday Magic (shut down) -
Home Interiors - Home Goods
Honey - Beauty
Honey & Lace - Clothing
Hualin Biotech (China) - Health
iCoinPro - Crypto Currency
ID Life - Health
Igniting Passion (Canada) - Adult Novelties
iMarketsLive - Financial Trading Software
Immunotec - Health
Imperial Candles (UK) - Candles
In a Pikle - Bags
Income Advantage -
India Hicks - Product/Accessories
Infinitus - Health
Initials, Inc - Bags
Inkd Up Nails - Beauty
innov8tive nutrition - Nutritional Supplements
InteleTravel - Travel
Intimo (AUS/NZ) - Adult Novelties
Isagenix - Dietary Supplements
ItWorks! - Health
J. Elizabeth - Clothing
J. Hilburn - Clothing
J.R Watkins -
Jafra - Beauty
Jamberry - Beauty
Jamby - Clothing
Jamie at Home (shut down) -
Janice Collection - Home Goods
Java Momma - Coffee
Javita - Coffee
Jbloom - Jewelry
Jequiti - Cosmetics
Jerky Direct -
Jeunesse - Beauty
Jewel Kade (31) - Jewelry
Jewelscent - Product/Candles
JK Apparel (Canada) - Clothing
Jordan Essentials - Beauty
JoyMain (China) - Health
Joyome (Plexus) - Beauty
JuicePlus - Nutritional Supplements
Jump Natural - Health
Kaesar & Blair -
Kalaia - Skincare/Health
Kalo & Co - Pearl/Jewelry
Kangen Water -
Kannaway - CBD Oil
Karat Bars - Gold
Kaszazz - Scrapbooking
Keep Collective - Jewelry
Keep Me Safe - Cos
KETO (Pruvit) -
Keto Coffee - Coffee
Ketones - Health
Kirby - Vacuums
Kleeneze - Home Goods
Kobold (Vorwerk) -
Kyani - Health
Labella Baskets - Home Goods
Lady Godiva Beauty - Cosmetics
Lavylites - Beauty
L'BRI - Beauty
LeadUp Consulting -
Legal Shield - Legal Services
LegArt (Canada) - Leggings
Legend Age (China) -
Legging Army - Clothing
Legging Girl - Clothing
Lemongrass Spa - Beauty
LeReve (Canada) - Cosmetics
Le-Vel (Thrive) - Health
Lia Sophia (dissolved) - Jewelry
Life Abundance - Pet
LIFE Leadership - Financial
Life Tree World - Food
LifeBrook -
LifePlus (US/Germany) - Dietary Supplements
Life's Abundance - Pet Supplies
LifeVantage - Dietary Supplements
Lilla Rose - Jewelry
Limelife - Skincare/Health
Limu - Health
Limu - Nutritional Supplements
Linen World - Home Goods
Lion Crown -
Lipsense - Beauty
Liv International - Travel
Live Sore - Clothing
Longabeger Company - Baskets
Longrich (China) - Beauty
Lorraine Lee Linen - Home Goods
Love Winx - Adult Novelties
LR Beauty & Health - Beauty
LuLaRoe - Clothing
Lulu Ave - Jewelry
Luminess - Cosmetics
Lyconet/Lyoness -
Lyoness - Financial
M. Global (Jamberry) - Jewelry
M. Network - Nutritional Supplements
Maelle Beauty - Beauty
Magnabilities - Jewelry
Magnolia & Vine - Jewelry
Makeup Eraser - Cosmetics
Man Cave - Kitchen Accessories
Mannatech - Dietary Supplements
Mark. - Financial
Market America - Health/Beauty/Home Goods
Marly Ray - Pearl/Jewelry
Marvelous Mouse Travels - Travel
Mary & Martha - Home Goods
MaryKay - Beauty
Maskara - Beauty
Matilda Jane - Clothing
Max & Madeleine - Skincare/Health
Maxwell Clothing - Clothing
MCA - Financial
Medifast - Nutritional Supplements
Melaleuca - Health/Beauty/Home Goods
Metabolife (dissolved in 2005) -
MiA Bath and Body (Closed) -
mialisia - Jewelry
Miche EU - Accessories
Miki (Asia) - Nutritional Supplements
MOA Nutrition - Nutritional Supplements
Modere -
MojiLife - Essential Oils
Monat - Hair Care
MonaVie (went into foreclosure 2015) -
Morinda Bioactives - Personal Care/Dietary Supplements
Motives Cosmetics - Cosmetics
Multpure - Water
My Club 8 - CBD Oil
My Daily Choice - Nutritional Supplements
My LALA Leggings - Clothing
myEcon - Financial
National Safety Associates - Dietary Supplements
National Wealth Center - Education
Natura (Brazil) - Cosmetics
Nature Direct (AUS) - Essential Oils
Nature's Sunshine Products - Dietary Supplements
Neal's Yard Remedies Organic - Beauty
NeoLife - Dietary Supplements
Neora (Nerium) -
Nerium - Skincare/Health
NeVetica - Pet Supplies
New Era (China) - Nutritional Supplements
New U Life - Health
Neways - Personal Care
Nikken -
Noevir - Beauty
Nomades - Jewelry
Noonday Collection - Jewelry
Norwex - Cleaning Producs
Nouveau Riche (real estate investment college) (dissolved 2010 -
Nspire Network - Feminine Products
NuCerity - Skincare/Health
NuSkin - Tooth Paste/Personal Care
Nutriboom -
NXIVM - Financial
Nygard - Clothing
Omnilife - Dietary Supplements
One Hope Wine - Wine
Optavia - Health
Opulenza - Jewelry
Organo Gold - Coffee
Oriflame - Personal Care
Origami Owl - Jewelry
Our Hearts Desire - Jewelry
Paid 2 Save - Travel
Pampered Chef - Kitchen Accessories
Paparazzi - Jewelry
Paperly - Paper
Park Lane Jewelry - Jewelry
Party Girl - Candles
Party Lite - Candles
Party Time Mixes - Food
PartyLite - Candles
Passion Parties - Adult Novelties
Pawtree - Pet
Paycation - Travel
Peach - Clothing
Pearl Chic - Pearl/Jewelry
Peekaboo Beans - Clothing
Perfect (China) - Cosmetics
Perfectly Polished - Beauty
Perfectly Posh - Beauty
Personally Poetic - Jewelry
PHP - Insurance
Pierre Lang - Jewelry
Pink Zebra - Candles
Piphany - Clothing
PixieLane - Clothing
Plexus - Health
Plumeria Bath - Beauty
Plunder - Jewelry
PM International - Health
Pola (Japan) - Skincare/Health
Poofy Organics - Beauty
Powur - Solar Panels
Premier Designs - Jewelry
Premier Financial - Financial
PrimeMyBody - Health
Primerica - Financial
Princess House - Kitchen Accessories
ProDoula -
ProYoung - Health
Pruvit - Health
Pulse Cosmetics - Cosmetics
Pure Haven - Cosmetics
Pure Romance - Product
PureHaven - Home Goods
PUREly - Essential Oils
Purium - Health
Qnet - Nutritional Supplements
Quanjian Natural (China) - Food
RadiantlyYou -
Rain International - Health
Rainbow Vacuum - Vacuums
Real Time Pain Relief - Health
Red Aspen - Beauty
RED Safety - Security
Regal Home and Gifts - Home Goods
Reliv - Health
Reliv - Nutritional Supplements
Renatus Real Estate - Education
RevitalU - Coffee/Health
Riway - Deer Placenta
Robert Kiyosaki -
Rodan+Fields - Beauty
Roland (Vorwerk) -
Rolmex (China) - Kitchen Accessories
Royal Tongan Limu (dissolved in 2003) -
Royaltie Gens - Marketing
Ruby Ribbon - Clothing
Saba - Health/Beauty
Sabika Jewelry - Jewelry
SafeGirl Security - Self Defense
Salad Master - Home Goods
SARSO (India) -
Scentsy - Health/Oils
Schneider's Gourmet World - Food
Scout & Cellar - Wine
Seacret - Beauty
SendOutCards - Gift Cards
Senegence - Skincare/Health
Shakeology (BeachBody) - Dietary Supplements
Shaklee - Dietary Supplements
Shopping Sherlock -
Shrimp & Grits - Clothing
Signature Homestyles - Home Goods
Silpada - Jewelry
Silver Icing - Jewelry
Simple Man - Personal Care
Simply Success Elite -
SimplyFun Games - Education
Skinny Body at Home - Dietary Supplements
SkinSanity/Tomorrow's Leaf - Skincare/Health
Smart Circle -
Smartway -
Solavei (dissolved 2015)[ -
Solvei (bankrupt) -
Sophie Paris (France/Asia) - Clothing
South Hill Designs - Jewelry
Southern Living at Home - Home Goods
SouthWestern Advantage - Education
Sseko - Clothing
Stampin Up - Paper
Steam Energy - Utilities
Steeped Tea - Tea
Stella & Dot - Clothing
Stream Energy - Financial
Style Dots - Jewelry
Success University - Education
Sun Hope (China) -
Sunrider - Health/Beauty/Home Goods
Sunset Gourmet - Food
Sunshine Empire (dissolved 2009) -
Surge 365 - Travel
Sweet Legs - Clothing
Sweet Minerals - Beauty
Symmetry Financial Group - Insurance
Syntek Global - Automotive
T.O.P Marketing Group -
TAG Team Marketing -
Taisei/Green Planet/Kaikisui (Japan_ - Purifiers
Tara at Home - Home Goods
Tastefully Simple - Food
Tavala - Health
Tealightful - Tea
Team National - Financial
TeDivina - Tea
Telecom Plus (UK) - Utilities
Telexfree (bankrupt 2014) -
The Advert Platfrom - Crypto Currency
The Body Shop at Home - Beauty
The Landmark Forum - Health
The Super Affiliate Network - Marketing
Thermomix (Vorwerk) -
Thirty One - Bags
Thrive - Health
Thrive Life - Food
Tiber River Naturals - Beauty
TKO WorldWide -
Tocara (Canada) - Jewelry
Tom James - Clothing
Total Life Changes/TLC - Health
TouchStone Crystal - Jewelry
Touchstone Essentials - Dietary Supplements
Tracy Negoshian - Clothing
Trades of Hope - Jewelry
Tranont - Financial
Transformational Beauty - Cosmetics
Travel Evolution - Travel
Traveling Vineyard - Wine
TraVerus Global - Travel
TriVita - Nutritional Supplements
Tropic Skin Care - Skincare/Health
True Peak Revolution (Europe) -
Truvision Health - Health
TS-Life - Nutritional Supplements
Tupperware - Tupperware
Unicity - Health
United Sciences of America (dissolved in 1987) -
United Warehouse (UK) -
US Health Advisors -
Usana - Nutritional Supplements
Usborne - Books
Utility Warehouse (UK) - Utilities
Valentus - Dietary Supplements
Vantel - Product/Pearls
Vasayo - Health
VectoCutco - Knives
Vemma - Dietary Supplements
viaOneHope - Wine
ViBella - Jewelry
VIC Cosmetics -
Vida Divina - Tea
Vie at Home (closed) -
Virtuity Financial Group (World Financial Group) -
ViSalus (Body by VI) - Dietary Supplements
Vitality Extracts - Essential Oils
VivaMK - Cleaning Producs
Volo - Health
Vorwerk - Home Goods
Votre Belle Maison (UK) - Giftware
Voxxlife - Health
Wakaya Perfection - Health
WakeUpNow (dissolved 2015) -
Watkins Inc - Health/Home Goods
Wealthperx - Travel
Wikaniko - Home Goods
Wildtree - Food
Willing Beauty - Beauty
Winasun - Health
Wine Shop at Home - Wine
Wines for Humanity - Wine
Wink Naturals - Health
World Financial Group/Pinnacle Leadership Development - Financial
World Leadership Group (dissolved in 2008) -
World Ventures/Wealth Wave/TKO WorldWide - Travel
WoTaBu - Travel
XanGo/Ziji - Health
Xerveo - Dietary Supplements
Xoom Energy - Utilities
Xooma - Weight Loss
Xstream Travel - Travel
Xyngular - Health
Yanbal Int - Jewelry
Yandi (China) - Nutritional Supplements
Yelloow - Beauty
Yevo (closed) -
Yofoto (China) - Health
Yoli - Health
Yoonla -
YOR Health - Weight Loss
Young Living - Health
Youngevity -
Younique - Beauty
YTB International - Travel
Zepter -
Zija - Health
Zilis - Health
Zinzino (Scandanavia) -
Zrii - Skincare/Health
Zurvita - Health
Zyia - Clothing
Zyn - Travel
TOTAL COUNT = 594 ​ This list will be continually updated (5/19/2020).
2018 Archived MLM Mega Thread

Sources: https://mlmtruth.org/2018/02/08/the-mlm-master-list/ , https://en.wikipedia.org/wiki/List_of_multi-level_marketing_companies Special thanks to u/Copacetic1515 (I could not stick your thread)

For income disclosure information: Updated 2019 Thread

Other Helpful Links: Discussion about World Financial Group
submitted by antiMLMmod to antiMLM [link] [comments]

I've been out of control for 2 years, spending an average of 7154,85€ / month...

Yes, this is the day. My accountant made the calculations for 2019 income and corporate tax. It's 37580,39€ combined which i have to pay at the end of feb 2021.
I was shocked, to say the least. My business is doing well, so i will have no problem paying that, but that really got me thinking, i need to get frugal NOW!
So here are my expenses, which i never displayed like this before:
2020 expenses
This shit is not sustainable (it is, but i hate to pay taxes and wasting money like this) and i will cut back pretty hard this year.
 
....a little background...
I started selling stuff online mid 2014 and got to 1Mil gross/year in 2017 netting around 12-15%. I was young (31 lol) and stupid, so i bought 2 cars, expensive ones, 0% loans at least(wow i'm so smart)....
Fast forward, i now pay 7154,85€ every month to keep this useless bimbo lifestyle which ich absolutely HATE looking at these numbers...
I do prepay some incometax but it is not nearly enough, so i anticipate to pay 2k/month on top of this for the next year starting March 2021
 
As you can clearly see, i did and am doing all the mistakes a douchbag can do
 
I hate myself so much right now, seeing all the money drained which could have doubled my income when used the right way, i'm in tears...
I did trade a lot of forex in 2010 to 2012, of course loosing money on the way, one thing i learned tho was to use a stop loss, which will cancel any open trade when reaching a certain value. So i'm pulling the stop loss on my spending right now, as i can't take it anymore.
This measures will free up around 3500€/month at least, which will go to tax prepayment and the other car loan.
Oh boy, writing this down has done so much for me the last hour, i will go even further, cutting everything i can. Can you believe that the isurance for my car is 1000€/year? lol, hear's to having a 300 hp car. New tires are ~850€.
I'm fucking done with all this, the only thing i will spend more on is my body and mind, healthier food, sports. I can't wait.
Thank you for reading, if you did. Hope you don't make the same mistakes i do/did.
 
Cheers.
submitted by Blott0 to Frugal [link] [comments]

The Next Crypto Wave: The Rise of Stablecoins and its Entry to the U.S. Dollar Market

The Next Crypto Wave: The Rise of Stablecoins and its Entry to the U.S. Dollar Market

Author: Christian Hsieh, CEO of Tokenomy
This paper examines some explanations for the continual global market demand for the U.S. dollar, the rise of stablecoins, and the utility and opportunities that crypto dollars can offer to both the cryptocurrency and traditional markets.
The U.S. dollar, dominant in world trade since the establishment of the 1944 Bretton Woods System, is unequivocally the world’s most demanded reserve currency. Today, more than 61% of foreign bank reserves and nearly 40% of the entire world’s debt is denominated in U.S. dollars1.
However, there is a massive supply and demand imbalance in the U.S. dollar market. On the supply side, central banks throughout the world have implemented more than a decade-long accommodative monetary policy since the 2008 global financial crisis. The COVID-19 pandemic further exacerbated the need for central banks to provide necessary liquidity and keep staggering economies moving. While the Federal Reserve leads the effort of “money printing” and stimulus programs, the current money supply still cannot meet the constant high demand for the U.S. dollar2. Let us review some of the reasons for this constant dollar demand from a few economic fundamentals.

Demand for U.S. Dollars

Firstly, most of the world’s trade is denominated in U.S. dollars. Chief Economist of the IMF, Gita Gopinath, has compiled data reflecting that the U.S. dollar’s share of invoicing was 4.7 times larger than America’s share of the value of imports, and 3.1 times its share of world exports3. The U.S. dollar is the dominant “invoicing currency” in most developing countries4.

https://preview.redd.it/d4xalwdyz8p51.png?width=535&format=png&auto=webp&s=9f0556c6aa6b29016c9b135f3279e8337dfee2a6

https://preview.redd.it/wucg40kzz8p51.png?width=653&format=png&auto=webp&s=71257fec29b43e0fc0df1bf04363717e3b52478f
This U.S. dollar preference also directly impacts the world’s debt. According to the Bank of International Settlements, there is over $67 trillion in U.S. dollar denominated debt globally, and borrowing outside of the U.S. accounted for $12.5 trillion in Q1 20205. There is an immense demand for U.S. dollars every year just to service these dollar debts. The annual U.S. dollar buying demand is easily over $1 trillion assuming the borrowing cost is at 1.5% (1 year LIBOR + 1%) per year, a conservative estimate.

https://preview.redd.it/6956j6f109p51.png?width=487&format=png&auto=webp&s=ccea257a4e9524c11df25737cac961308b542b69
Secondly, since the U.S. has a much stronger economy compared to its global peers, a higher return on investments draws U.S. dollar demand from everywhere in the world, to invest in companies both in the public and private markets. The U.S. hosts the largest stock markets in the world with more than $33 trillion in public market capitalization (combined both NYSE and NASDAQ)6. For the private market, North America’s total share is well over 60% of the $6.5 trillion global assets under management across private equity, real assets, and private debt investments7. The demand for higher quality investments extends to the fixed income market as well. As countries like Japan and Switzerland currently have negative-yielding interest rates8, fixed income investors’ quest for yield in the developed economies leads them back to the U.S. debt market. As of July 2020, there are $15 trillion worth of negative-yielding debt securities globally (see chart). In comparison, the positive, low-yielding U.S. debt remains a sound fixed income strategy for conservative investors in uncertain market conditions.

Source: Bloomberg
Last, but not least, there are many developing economies experiencing failing monetary policies, where hyperinflation has become a real national disaster. A classic example is Venezuela, where the currency Bolivar became practically worthless as the inflation rate skyrocketed to 10,000,000% in 20199. The recent Beirut port explosion in Lebanon caused a sudden economic meltdown and compounded its already troubled financial market, where inflation has soared to over 112% year on year10. For citizens living in unstable regions such as these, the only reliable store of value is the U.S. dollar. According to the Chainalysis 2020 Geography of Cryptocurrency Report, Venezuela has become one of the most active cryptocurrency trading countries11. The demand for cryptocurrency surges as a flight to safety mentality drives Venezuelans to acquire U.S. dollars to preserve savings that they might otherwise lose. The growth for cryptocurrency activities in those regions is fueled by these desperate citizens using cryptocurrencies as rails to access the U.S. dollar, on top of acquiring actual Bitcoin or other underlying crypto assets.

The Rise of Crypto Dollars

Due to the highly volatile nature of cryptocurrencies, USD stablecoin, a crypto-powered blockchain token that pegs its value to the U.S. dollar, was introduced to provide stable dollar exposure in the crypto trading sphere. Tether is the first of its kind. Issued in 2014 on the bitcoin blockchain (Omni layer protocol), under the token symbol USDT, it attempts to provide crypto traders with a stable settlement currency while they trade in and out of various crypto assets. The reason behind the stablecoin creation was to address the inefficient and burdensome aspects of having to move fiat U.S. dollars between the legacy banking system and crypto exchanges. Because one USDT is theoretically backed by one U.S. dollar, traders can use USDT to trade and settle to fiat dollars. It was not until 2017 that the majority of traders seemed to realize Tether’s intended utility and started using it widely. As of April 2019, USDT trading volume started exceeding the trading volume of bitcoina12, and it now dominates the crypto trading sphere with over $50 billion average daily trading volume13.

https://preview.redd.it/3vq7v1jg09p51.png?width=700&format=png&auto=webp&s=46f11b5f5245a8c335ccc60432873e9bad2eb1e1
An interesting aspect of USDT is that although the claimed 1:1 backing with U.S. dollar collateral is in question, and the Tether company is in reality running fractional reserves through a loose offshore corporate structure, Tether’s trading volume and adoption continues to grow rapidly14. Perhaps in comparison to fiat U.S. dollars, which is not really backed by anything, Tether still has cash equivalents in reserves and crypto traders favor its liquidity and convenience over its lack of legitimacy. For those who are concerned about Tether’s solvency, they can now purchase credit default swaps for downside protection15. On the other hand, USDC, the more compliant contender, takes a distant second spot with total coin circulation of $1.8 billion, versus USDT at $14.5 billion (at the time of publication). It is still too early to tell who is the ultimate leader in the stablecoin arena, as more and more stablecoins are launching to offer various functions and supporting mechanisms. There are three main categories of stablecoin: fiat-backed, crypto-collateralized, and non-collateralized algorithm based stablecoins. Most of these are still at an experimental phase, and readers can learn more about them here. With the continuous innovation of stablecoin development, the utility stablecoins provide in the overall crypto market will become more apparent.

Institutional Developments

In addition to trade settlement, stablecoins can be applied in many other areas. Cross-border payments and remittances is an inefficient market that desperately needs innovation. In 2020, the average cost of sending money across the world is around 7%16, and it takes days to settle. The World Bank aims to reduce remittance fees to 3% by 2030. With the implementation of blockchain technology, this cost could be further reduced close to zero.
J.P. Morgan, the largest bank in the U.S., has created an Interbank Information Network (IIN) with 416 global Institutions to transform the speed of payment flows through its own JPM Coin, another type of crypto dollar17. Although people argue that JPM Coin is not considered a cryptocurrency as it cannot trade openly on a public blockchain, it is by far the largest scale experiment with all the institutional participants trading within the “permissioned” blockchain. It might be more accurate to refer to it as the use of distributed ledger technology (DLT) instead of “blockchain” in this context. Nevertheless, we should keep in mind that as J.P. Morgan currently moves $6 trillion U.S. dollars per day18, the scale of this experiment would create a considerable impact in the international payment and remittance market if it were successful. Potentially the day will come when regulated crypto exchanges become participants of IIN, and the link between public and private crypto assets can be instantly connected, unlocking greater possibilities in blockchain applications.
Many central banks are also in talks about developing their own central bank digital currency (CBDC). Although this idea was not new, the discussion was brought to the forefront due to Facebook’s aggressive Libra project announcement in June 2019 and the public attention that followed. As of July 2020, at least 36 central banks have published some sort of CBDC framework. While each nation has a slightly different motivation behind its currency digitization initiative, ranging from payment safety, transaction efficiency, easy monetary implementation, or financial inclusion, these central banks are committed to deploying a new digital payment infrastructure. When it comes to the technical architectures, research from BIS indicates that most of the current proofs-of-concept tend to be based upon distributed ledger technology (permissioned blockchain)19.

https://preview.redd.it/lgb1f2rw19p51.png?width=700&format=png&auto=webp&s=040bb0deed0499df6bf08a072fd7c4a442a826a0
These institutional experiments are laying an essential foundation for an improved global payment infrastructure, where instant and frictionless cross-border settlements can take place with minimal costs. Of course, the interoperability of private DLT tokens and public blockchain stablecoins has yet to be explored, but the innovation with both public and private blockchain efforts could eventually merge. This was highlighted recently by the Governor of the Bank of England who stated that “stablecoins and CBDC could sit alongside each other20”. One thing for certain is that crypto dollars (or other fiat-linked digital currencies) are going to play a significant role in our future economy.

Future Opportunities

There is never a dull moment in the crypto sector. The industry narratives constantly shift as innovation continues to evolve. Twelve years since its inception, Bitcoin has evolved from an abstract subject to a familiar concept. Its role as a secured, scarce, decentralized digital store of value has continued to gain acceptance, and it is well on its way to becoming an investable asset class as a portfolio hedge against asset price inflation and fiat currency depreciation. Stablecoins have proven to be useful as proxy dollars in the crypto world, similar to how dollars are essential in the traditional world. It is only a matter of time before stablecoins or private digital tokens dominate the cross-border payments and global remittances industry.
There are no shortages of hypes and experiments that draw new participants into the crypto space, such as smart contracts, new blockchains, ICOs, tokenization of things, or the most recent trends on DeFi tokens. These projects highlight the possibilities for a much more robust digital future, but the market also needs time to test and adopt. A reliable digital payment infrastructure must be built first in order to allow these experiments to flourish.
In this paper we examined the historical background and economic reasons for the U.S. dollar’s dominance in the world, and the probable conclusion is that the demand for U.S. dollars will likely continue, especially in the middle of a global pandemic, accompanied by a worldwide economic slowdown. The current monetary system is far from perfect, but there are no better alternatives for replacement at least in the near term. Incremental improvements are being made in both the public and private sectors, and stablecoins have a definite role to play in both the traditional and the new crypto world.
Thank you.

Reference:
[1] How the US dollar became the world’s reserve currency, Investopedia
[2] The dollar is in high demand, prone to dangerous appreciation, The Economist
[3] Dollar dominance in trade and finance, Gita Gopinath
[4] Global trades dependence on dollars, The Economist & IMF working papers
[5] Total credit to non-bank borrowers by currency of denomination, BIS
[6] Biggest stock exchanges in the world, Business Insider
[7] McKinsey Global Private Market Review 2020, McKinsey & Company
[8] Central banks current interest rates, Global Rates
[9] Venezuela hyperinflation hits 10 million percent, CNBC
[10] Lebanon inflation crisis, Reuters
[11] Venezuela cryptocurrency market, Chainalysis
[12] The most used cryptocurrency isn’t Bitcoin, Bloomberg
[13] Trading volume of all crypto assets, coinmarketcap.com
[14] Tether US dollar peg is no longer credible, Forbes
[15] New crypto derivatives let you bet on (or against) Tether’s solvency, Coindesk
[16] Remittance Price Worldwide, The World Bank
[17] Interbank Information Network, J.P. Morgan
[18] Jamie Dimon interview, CBS News
[19] Rise of the central bank digital currency, BIS
[20] Speech by Andrew Bailey, 3 September 2020, Bank of England
submitted by Tokenomy to tokenomyofficial [link] [comments]

Trading Ideas For Next Week [Week 2] (Part 1)

Trading Ideas For Next Week [Week 2] (Part 1)
Due to popular demand I've decided to bring this series back for a week 2 and I'll continue to release 3-5 trading ideas every Saturday. How do you guys feel about the name of this series? Would you like me to change the name to something like "Setup Saturdays" or are you guys cool with the current naming scheme?
So this week I wanted to be a lot more in depth in my analysis and setups since I didn't think I was super clear last week with my reasoning on some the setups. I want these posts to be as beginner friendly as possible because there's a lot more beginners in this Subreddit than I had realized. I want you to use this as an educational tool and not as a signal service as a result I'm going to give you possible trade setups and I want you to be the judge of whether you should enter once/if price gets to that point since I feel like that will benefit beginners in the long run. I got a couple questions about top down time frame analysis so that'll be a focus of today's post. Scroll down to NZDJPY if you really want an in-depth look at how I perform top down time frame analysis.
I'll include a picture of a chart and my TradingView chart so if you want to zoom in and out of the chart you'll have that ability to do so.
Quick Disclaimer: Some of the charts pricing might be off by a bit since I started working on this during the New York session on Friday. If any of the charts are impacted in a way that alters the setup I'll be sure to update the charts before I post this on Saturday. Just gotta hope that hope that Powell doesn't break the market or else I might have to redo this entire post.
AUDUSD:

AUDUSD Daily
TradingView Link For Daily: https://www.tradingview.com/chart/AUDUSD/Wb5K2bS8-AUDUSD-Daily-For-Reddit-Post-6-20-U-AD3133/
Analysis: Which way is the trend pointing? It looks like it's pointing up which we can see with the green trend line but how about we zoom in to the 4 hour char to see if that's actually the case.
Tip: When drawing a trend line, especially on the daily and higher time frames, remember to hit as many wicks as possible since they are relevant and not just some anomaly you can ignore.

AUDUSD 4 Hour
TradingView Link For 4 Hour: https://www.tradingview.com/chart/AUDUSD/aah8294z-AUDUSD-4-Hour-For-Reddit-Post-6-20-U-AD3133/
Analysis: When we got close to where we are with price and we draw a Fibonacci Retracement from the point where price took off to the point where price peaked we can see that price came down to .5 Fibonacci level where it then started going up again. Coincidence? Possibly. As a result I believe that price could continue higher and it would be justified if it did. However, if we look at the trend lines we can see that price appears to have broke put of of our major trend line (Green) which means that price could fall to the downside if it's actually a breakout. Price then appears like it would then adhere to the new minor trend line (Red). There's also the possibility that this was just a fake breakout and price could go up and adhere to green trend line. I'm going to have a selling bias on this trade since price looks like it double topped at the highs of this year and it looks like we could see price fall. I'm leaning towards the drop of price due to the symmetrical triangle pattern created by the major and minor trend line and looks like price is going to get pushed down which we should get an idea of soon.
Tip: Every time price makes a large move and falls/rises after making a peak/valley always pull out the Fibonacci retracement tool to see if price will bounce from the .382, .5, or .618 levels as they are the most significant levels. This can tell you if you're going to likely get a trend continuation.

AUDUSD 1 Hour
TradingView Link For 1 Hour: https://www.tradingview.com/chart/AUDUSD/IHgrnfYs-AUDUSD-1-Hour-For-Reddit-Post-6-20-U-AD3133/
Analysis: I drew out multiple different scenarios which I think can play out since like I said before we're not trying to predict a single movement but we're preparing to be reactive to an ideal condition which may be thrown at us. Remember that major trend line we drew in on the daily chart well it's going to play a large role here. This trend line has been in the making since March so we're not just going to brush it off. The trend line appears to have been broken and we seem to be sticking that minor trend line after the break of the symmetrical triangle pattern. After the break of the symmetrical triangle pattern price usually gets pushed heavily to one side and it looks like price is wanting to get pushed to the downside. As a result, I'm going to really keep on eyes on scenario the blue arrows display since I think it's the most probable. Looking at the scenario there are going to be two potentially good entry points for a sell. The first being when price goes up to retest the green trend line which would also serve as a bounce from our red trend line. Once we get that bounce we could enter in for a sell with a take profit hopefully somewhere around the .66 area. Another good entry would be when price breaks the zone of support of .68 and after it retests it. Wait for a confirmation candlestick pattern showing price will fall when retesting (i.e. railroad track, bullish engulfment candle, evening star, shooting star, etc.). Look for these candlestick patterns on the 15 minute chart. Once you got the confirmation take the sell and ride price down to the .66 zone. The other scenario that could occur is we could see price go back into the green trend line by breaking the red trend line (Orange Arrows). If this occurs we want to catch the retest bounce of the red trend line and ride price up to the high of the year which is at .702. At that point price could break the resistance at which point we could catch the retest of the zone and ride price up. Or it could go up to .702 create a triple top and fall. If you get a candlestick confirmation saying it'll fall then take a sell at the high of the year.
NZDUSD:
If there's something I really like in Forex it's definitely got to be harmonic patterns due to their high accuracy. NZDUSD just recently completed one of them and this is a really good indicator of what price is going to do.

NZDUSD Daily
TradingView Chart For Daily: https://www.tradingview.com/chart/NZDUSD/zQpHzUcK-NZDUSD-Daily-For-Reddit-Post-6-20-U-AD3133/
Analysis: Yes, we have trend line that says that price is going up however I make exceptions for Harmonic patterns since they are accurate about 80%-90% of the time. The pattern you see above is know as a Bearish Bat Pattern. Like the name says it's an indicator that price is going to go Bearish so although the trend line is going up I'm going to have a bearish bias on this trade.

NZDUSD 4 Hour
TradingView Chart For 4 Hour: https://www.tradingview.com/chart/NZDUSD/C29kpCyO-NZDUSD-4-Hour-For-Reddit-Post-6-20-U-AD3133/
Analysis: Not really much to add here just tossed on a Fibonacci retracement tool from where price took off to the peak just to check for any potential support from any of the major levels which we don't appear to have. We'll go a lot more in-depth on this pair on the 1 hour chart since that's where things get interesting.

NZDUSD 1 Hour
TradingView Link For 1 Hour: https://www.tradingview.com/chart/NZDUSD/dKJatcM7-NZDUSD-1-Hour-For-Reddit-Post-6-20-U-AD3133/
Analysis: Looking at price we can see that since June 11th price has been trading in a boxed consolidation range. Again I drew out the possibilities I believe could be ideal for us. Remember that I said Harmonics work 80%-90%. Well that means that they fail 10%-20% of the time which is definitely not something we can neglect. We can see that there's a descending triangle which price is reaching the end of. This means that price is getting ready to move to one direction since big moves always come after consolidation. If it moves to upside wait for price to close above the the spot marked D then you can enter for a buy and ride price up to the .67525 zone where price could break to upside or bounce back down (Orange Arrow). Remember to wait for it to actually close above point D since it could create a triple top and drive price back down. It's the same procedure as AUDUSD here if it makes this move where if it breaks it then catch the retest and if it looks like it's wanting to fall down wait for a confirmation pattern. If it breaks the box to the downside and breaks the support zone then take a sell and ride price down to the trend line at which point you should close the trade as there's a chance price could move against you and it's best to secure profits while you can. Once at the trend line it could bounce and if it does you should be able to ride price up to that .67525 zone (Green Arrow). If price breaks the trend line then wait for the retest and you should be able to ride price down pretty far (Red Arrows). I think you should be able to ride it down to .5918 zone but you'll have to keep your on it.
EURNZD:

EURNZD Daily
TradingView Link For Daily: https://www.tradingview.com/chart/EURNZD/jzgmGcRe-EURNZD-Daily-For-Reddit-Post-6-20-U-AD3133/
Analysis: Well we got a pretty clear descending channel and price looks like it's at the top part of the channel currently so we're going to want to look for some optimal selling conditions due to the down trend.

EURNZD 4 Hour
TradingView Link For 4 Hour: https://www.tradingview.com/chart/EURNZD/YzOpvcH7-EURNZD-4-Hour-For-Reddit-Post-6-20-U-AD3133/
Analysis: Looking at the 4 hour chart we can see that there appears to be a symmetrical triangle coming to it's end meaning price is getting ready to get pushed to a side. I believe it'll break the triangle and fall to the downside so once you see it break it would be a good idea to take a sell and ride price down to that support zone at 1.7187. Price could also briefly break to the upside then bounce off the top of the channel and it does take a trade from the bounce and ride price down to the same support zone. At that point, I'll leave it up to you to determine how you think price will go and what you should be looking for. Consider it to be a little quiz if you want to think of it like that. You've got my charts so use them as a reference since I've already marked some crucial support/resistance zones which we should keep our on for the next couple weeks.

EURNZD 1 Hour
TradingView Link For 1 Hour: https://www.tradingview.com/chart/EURNZD/ICWvgEsg-EURNZD-1-Hour-For-Reddit-Post-6-20-U-AD3133/
Analysis: There's nothing that special on the one hour chart that I have to point out since I think we pretty much got all the big stuff out of the way on our analysis of the 4 hour chart. Be sure to get a good sell in there since there are two potentially good setups which I've outlined for you. Also be sure to be careful and wait for the bounce of the channel if price goes that way since there's a chance price could break the channel and I don't want you to take a loss because you were impatient.
NZDJPY:
This pair is going to be really fun since we're going to be looking through a lot of time frames so if you really want to learn about a top down approach to analyzing time frames and trends then pay very close attention to how I break down this trade.

NZDJPY Monthly
TradingView Link For Monthly: https://www.tradingview.com/chart/NZDJPY/jZh4F2Jv-NZDJPY-Monthly-For-Reddit-Post-6-20-U-AD3133/
Analysis: Yes, we're actually going to be looking at the monthly chart. I bet you guys don't do that very often. Looking at it we can see that price has been following a clear down trend line since late 2014. If you look at the wick of this month's candle you can see that it appears to have touched the trend line meaning we could see a good opportunity to catch a sell since it had just recently bounced off. Let's take a look at lower time frames to see if this continues to be true.

NZDJPY Weekly
TradingView Link For Weekly: https://www.tradingview.com/chart/NZDJPY/dpvI29BB-NZDJPY-Weekly-For-Reddit-Post-6-20-U-AD3133/
Analysis: When zooming into the weekly we can see that using the wicks of the candles we can actually draw a channel for the low portion that runs pretty much in parallel to the trend line we drew on the monthly chart. We can see that price clearly bounced from the trend line and I think this gives us good reason to believe in the coming weeks we could see the price drop. Also looking at the Bollinger Bands we can see that price also bounced from the top band which also supports a drop of price. Let's go into the daily to see if we can get a better idea.

NZDJPY Daily
TradingView Link For Daily: https://www.tradingview.com/chart/NZDJPY/NbWLURkU-NZDJPY-Daily-For-Reddit-Post-6-20-U-AD3133/
Analysis: Looking at the daily time frame we can see that price is currently consolidated and remember big moves always come after consolidation. If you look closely however you can see that price looks like it's about to break the 200 day EMA (Orange line). If it breaks the EMA we could see price drop pretty far at an accelerated rate. Besides those couple observations there's not much else going on with the daily chart.

NZDJPY 4 Hour
TradingView Link For 4 Hour: https://www.tradingview.com/chart/NZDJPY/d1kaogH5-NZDJPY-4-Hour-For-Reddit-Post-6-20-U-AD3133/
Analysis: Would you look at that, it looks like we got a descending triangle on the 4 hour chart which looks like it's coming to an end. Looking at price it looks like it's wanting to push to the downside. Once you get a break below the lows of the day of June 11th I think it would be a safe bet to take a sell trade and ride it down for 66.825 for this week. If it breaks the 66.825 support zone then I'll definitely take a sell and try to ride price down to the bottom of the channel which we drew on the weekly chart. There's also the possibility that price could take support at any of these support zones and then head back up to test the top of the channel. At which point I'll be looking to get into a sell at the top of the channel but I won't ride price up to the channel since at this current point in time I feel like there's a large amount of risk in that.

NZDJPY 1 Hour
TradingView Link For 1 Hour: https://www.tradingview.com/chart/NZDJPY/83b47mFS-NZDJPY-1-Hour-For-Reddit-Post-6-20-U-AD3133/
Analysis: Not much more to add here since I think by this point we got the entire story so I'm not going to say much more about the 1 hour chart since I think the analysis for the 4 hour chart also sums this up pretty well.
Well that was a lot of information to go through and I hope you found some value in this since it took me quite a few hours to put this together for you guys. Truth be told, I spent most of Friday working on this so I hope at least one person finds some value in which case I'll consider it a win.
So you guys tired of me yet or do you want me to continue this series for a week 3? It takes a lot of time and effort to put this together so I'll only do it if people want it or else I'll pretty much feel like I wasted my time. I might put together a little lesson on how to use the COT in order to catch some big reversal moves in the market since the COT pretty much tells you what the hedge funds are doing and you also want to trade with the hedge funds and institutions. It'll probably take a couple weeks since I'll have to compile some data together and wait for a setup before putting that out but I'll be working on it. Are there any other things you may want explained? Let me know and I'll try to find setups which contain the topic you may want more details on. I hope you have a great trading week!
submitted by AD3133 to Forex [link] [comments]

[Hot talk] A must-see for Forex investors! As Fed's zero interest rate will be maintained until 2023, there are the three possible effects on the economy

[Hot talk] A must-see for Forex investors! As Fed's zero interest rate will be maintained until 2023, there are the three possible effects on the economy
Forex War
QE enables more efficient circulation of global capital, and foreign exchange will become an important medium. Investors use the foreign exchange market to buy stocks, bond markets, futures markets, and even real estate markets in various countries. The foreign exchange market fluctuates violently. For foreign exchange investors who want to profit from it, or do not want to lose money, they have to look at the exchange rate cycle under QE.
QE continues to depreciate the U.S. dollar, while gold and the euro appreciate. This is also what is happening in the investment market. However, after the implementation of QE for a long time, the foreign exchange market will enter a major reversal stage. During the period, the US dollar will begin to stabilize and rebound. The main reason is that the US economy is gradually improving. The Fed will gradually withdraw from quantitative easing, causing market funds to flow into the US dollar. The economy will have the opportunity to follow in the US. Gold and the euro will fall sharply at this stage. The improvement in the US economic environment will also attract capital to continue to flow into US dollar assets, and US stocks will rise.
For example, since the 2008 financial tsunami, the United States has introduced three QE policies. From the attached EURUSD weekly line, we can see that after each QE launch, EURUSD will rise, and when the QE ends in 2014, European and American currencies have fallen sharply for several weeks.

https://preview.redd.it/yz5qfktzttn51.jpg?width=700&format=pjpg&auto=webp&s=211f6a461f0a2ea2fbe68d6706e81bd9f2030a28
Inflation
Under the economic contraction, the liquidity released by QE to the market will not cause inflation in the short term. However, when the economy improves and investors restore confidence, the excessively released liquidity may be transformed into inflation. As QE stimulated the speculative atmosphere in the market, funds flowed to the stock or property market, triggering a sharp rise in asset prices.
Capitalists will be the winners under QE, and the actual wages of ordinary citizens will shrink. But the paradox is that the central bank wants to stimulate consumption, but consumers may be more cautious in the economic downturn. Many people choose to save, which reduces the circulation of money in disguise.
Rising of Zombie companies
Zombie companies may be arise. Some companies are already on the verge of bankruptcy under market competition, but they can barely maintain operations because of subsidies and low-interest bank loans. Because such companies are actually lacking in competitiveness, if the central bank gradually raises interest rates in the later period of QE, these companies are bound to close down, which will trigger another wave of unemployment.
Sum up QE also brings many problems. First, if economic activities fail to cooperate, the most direct problem is to exacerbate the disparity between the rich and the poor; while hot money floods the market, loans increase, and funds flow to the stock market and property market. If QE continues for many years, it will form bubble assets in the long run. problem.

https://preview.redd.it/yya3e0bpttn51.jpg?width=1080&format=pjpg&auto=webp&s=04696d1ad85e4cf92b9c5d3be475adf815d1b4e9
https://preview.redd.it/1wlo8krqttn51.jpg?width=697&format=pjpg&auto=webp&s=20e31577e03878f3b86128661e8c79d47353ef2b
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Финансовая кухня от псевдо-брокера BDP Finance или как гарантированно понести убытки

Финансовая кухня от псевдо-брокера BDP Finance или как гарантированно понести убытки - развод или правда. Честный отзыв от Baxov.Net


Брокерская компания BDP Finance – это шайка мошенников, обманывающая трейдеров. Аферисты создали онлайн-платформу для торгов на бирже и приглашают всех желающих инвестировать в их проект деньги. Делать этого ни в коем случае нельзя, ибо любой ваш вклад обернётся убытками. Почему? Давайте разбираться.
E-mail адреса проекта
[[email protected]](mailto:[email protected])
Внимание! мошенники очень часто меняют адреса своих лохотронов. Поэтому название, адрес сайта или email может быть другим! Если Вы не нашли в списке нужный адрес, но лохотрон очень похож на описанный, пожалуйста свяжитесь с нами или напишите об этом в комментариях!
Информация о проекте
Давайте начнём с легенды этого лохотрона. О себе мошенники пишут:

BDP FINANCE – ОДНА ИЗ ВЕДУЩИХ АЗИАТСКИХ БРОКЕРСКИХ КОМПАНИЙ
BDP Finance предлагает лучшие торговые условия и профессиональный торговый терминал для опытных трейдеров. Клиентам, не имеющим существенного опыта торговли на финансовых рынках, мы рекомендуем вести торговлю с персональными аналитиками компании BDP Finance.

Азиатская? Забавно. Конечно, если заглянуть на сайт прохиндеев, можно увидеть мультиинтерфейс. Среди представленных языков есть и азиатские. Но в личном кабинете на выбор предлагается только английский и русский. О чём это говорит? О том, что жулики в основном ориентируются на русскоязычных пользователей. Но давайте читать легенду дальше:


Рождение бренда и первые успехи
В 2014 году команда профессиональных трейдеров и IT-специалистов из Китая создали бренд BDP Finance. До конца года брокер смог привлечь десятки тысяч новых пользователей, которые оценили преимущества брокера над конкурентами.

Да, домен старый. Но, по данным ВебАрхива, ещё год назад на этом домене находился сайт, принадлежащий компании, разрабатывающей программное обеспечение для банков и финансовых организаций. То есть бренду BDP Finance в реальности нет и года.

По всему видно, что легенда лживая, поэтому не буду утомлять вас продолжением.
Чем же якобы предлагают торговать шарлатаны? Контрактами на разницу (CFD). Набор финансовых инструментов стандартный:
акции,
сырьё,
индексы,
валютные пары,
криптовалюта.
Типов счетов три. Условия такие:

Mini:
Минимальный депозит: $100
Кредитное плечо: 1:20
Финансовые инструменты: Forex, Metals, Сommodities, Crypto
Скорость исполнения: 0.1-0.5 сек
Standard:
Минимальный депозит: $1 000
Кредитное плечо: 1:100
Финансовые инструменты: Forex, Metals, Indices, Commodities, Stocks, Crypto
Скорость исполнения: 0.01-0.05 сек
PRO:
Минимальный депозит: $10 000
Кредитное плечо: 1:200
Финансовые инструменты: Forex, Metals, Indices, Commodities, Stocks, Crypto
Скорость исполнения: 0.01-0.05 сек
Защита депозитов
Круглосуточная персональная поддержка
Как видите, аппетиты у мошенников немаленькие.
Аферисты уверяют, что работают легально. С их слов их компания зарегистрирована в Сент-Винсент и Гренадинах. Кто не знает, это такое офшорное государство в Карибском море. Далековато от Азии. Проверить документы компании в офшоре затруднительно. Нужен официальный запрос от компетентных органов. Поэтому доверять брокерам, зарегистрированным там, не стоит. Впрочем, я думаю, что наши шарлатаны вообще не имеют никакой регистрации. Дело в том, что они не соизволили опубликовать свидетельство о регистрации и лицензию финансового регулятора. Кроме того, мошенники оформили свои реквизиты в подвале сайте не в виде текста, а в виде картинки. Чтобы нам с коллегами было сложнее скопировать данные и проверить по юридическим реестрам. Мне не сложно перепечатать вручную:

Innovative Market Investments LLC, регистрация №345 LLC
Поиск компании результатов не дал. Видимо, она сверхсекретная.
Теперь давайте посмотрим на пользовательское соглашение. Хотя я бы его так не называла. Документу больше подходит определение – филькина грамота. Что написано в начале?


Настоящее пользовательское соглашение (далее, «соглашение»), включая условия предоставления трейдерских услуг, подготовлено компанией Bdpfinance Limited.

И что это за компания такая - Bdpfinance Limited? Номера регистрации нет, других реквизитов тоже нет. Innovative Market Investments LLC там вообще не упоминается. А что упоминается? Отказ от ответственности. Например:

2.9. Мы не предоставляем никаких явных или подразумеваемых гарантий в отношении:

2.9.2. работы, качества, функциональных возможностей торговой платформы…

То есть жулики предупреждают, что верить данным в торговом терминале нельзя. Кроме того, если вы подхватите вирус, используя программное обеспечение BDP Finance, это ваши проблемы. При этом аферисты уточняют:

27.2. Компания не несёт ответственность:
27.2.1. за любые убытки, расходы, затраты или финансовые обязательства (в совокупности именуемые «убытки»), понесённые пользователем, за исключением случаев, когда пользователь понёс такие убытки в результате небрежности или умышленного невыполнения обязательств со стороны Компании, и в той мере, в какой эти убытки вызваны указанными выше причинами…

Это всё, конечно, хорошо. Но как доказать, что Компания умышленно не выполняла обязательства, если она не гарантирует работоспособность и надёжность платформы? То есть по сути жулики вообще ни за что не несут ответственность.
Вы всё ещё хотите зарегистрироваться на этом лохотроне и вложить денег?
Контакты проекта
Адрес регистрации «компании»: Suite 305, Griffith Corporate Centre, Beachmont, Кингстаун, Сент-Винсент и Гренадины, VC0100 P.O. BOX 1510 – этот адрес фигурирует во многих подобных лохотронах.
Адреса «офисов»:
12/F, Wing On Plaza, 62 Mody Road, Tsim Sha Tsui, Hong Kong, Hong Kong
Gwan-Og Bldg, 563 Itaewon-dong, Yongsan-gu, Seoul, The Republic of Korea
Beaumont Business Centres, 6 Snow Hill, Farringdon, London EC1A 2AY, United Kingdom
Все адреса – липа.
Данные по сайту:
домен BdpFinance.com был зарегистрирован 29 марта 2014 года
имя собственника скрыто
Разоблачение проекта
То, что BDP Finance – лохотрон, нет сомнений.
Во-первых, у шарлатанов нет документов, подтверждающих легальность их работы. Упоминание какой-то мутной шараги, якобы зарегистрированной в Карибском бассейне, не в счёт. В пользовательском соглашении Innovative Market Investments LLC не упоминается. Связь этой офшорной компании с Bdpfinance Limited не прослеживается. Кроме того, если бы данные аферисты работали легально, у них были бы документы о регистрации в Гонконге, Корее и Британии. И в России, раз уж этот типа брокер работает на территории РФ,
Во-вторых, пользовательское соглашение, которое точнее было бы назвать филькиной грамотой, наполнено противоречиями и отказом от ответственности. Писал текст соглашения не юрист, а копирайтер-недоучка. Работать с компанией, которая не желает предоставлять качественные услуги, опасно.
В-третьих, у прохиндеев лживая легенда. Аферисты пишут, что работают с 2014 года, но в реальности лохотрону нет и года.
В чём же суть афёры? Всё просто. Мошенники банально заманивают начинающих трейдеров в финансовую кухню. На жаргоне так называют ситуацию, когда заявки закрываются за счёт встречных заявок других трейдеров того же брокера или самим брокером. Это ведёт к конфликту интересов. Ибо брокер не может работать в убыток.
Кроме того, жулики используют сомнительный торговый терминал, и могут рисовать любые графики и котировки.
Реальных торгов мерзавцы не ведут. Вся их деятельность – имитация. Безусловно, первое время шарлатаны будут изображать бурную деятельность и даже нарисуют какую-то прибыль в личном кабинете клиента. Вывести «заработанное» не получится. Мошенники найдут миллион причин, чтобы не переводить деньги. «Прибыль» нужна только для того, чтобы трейдер вложился ещё.
Жулики будут доить бедолагу до тех пор, пока не загонят в долги. Поэтому поддаваться искушению и вкладывать в этот лохотрон не стоит.
Что делать, если вы уже пострадали от действий аферистов? Пытаться оформить возврат платежа, если вы платили банковской картой. И обратиться в полицию.
Возможные потери на проекте
Итого: калькуляция возможных потерь на проекте – любая сумма, выше 100 долларов.
Вывод о проекте
BDP Finance – лохотрон. Документов у них нет, легенда лживая, торговый терминал сомнительный. Не связывайтесь с этими мошенниками. Любой ваш вклад обернётся убытком.


Уберегайте себя и активы вместе с Baxov.Net
https://www.baxov.net/reviews/finansovaya-kukhnya-ot-psevdo-brokera-bdp-finance-ili-kak-garantirovanno-ponesti-ubytki
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[Econ] Can You Not Die For One Second?

[M] This meme I made describes how I feel right now, why can’t my economy just be normal and just function, very upsetting. [/M]
The Russian economy is in freefall, which is quite an unfortunate problem to say the least. After experiencing minor growth for the past two years, the economy has decided to kill itself, which can be quite an issue when unemployment skyrockets to 22%, and the value of the rouble drops faster than Saudi Arabia’s chance of not being stuck in an eternal civil war. Taking experience from the 2008-2009 and the 2014-2017 Russian financial crises, we are well prepared to restore economic order to the country. This must be done quickly, as the longer we stall around, the more our people shall suffer, and the odds of escaping this pit of economic despair shrink. To escape this financial crisis, there are three main fields that need to be addressed extensively to prevent the economy from detonating on itself. The first field being social welfare and the lives of the people within Russia. With unemployment at 22%, the people of Russia will be suffering, and if we are to emerge from this crisis, we need to work with them and ensure their safety and wellbeing to recover faster. The second field is the rouble, and the general state of the economy. The value of the rouble has skyrocketed, and inflation is running rampant, which if this is allowed to continue, will decimate our economy even more, so this must be brought under control as soon as possible. Furthermore, many businesses and factories in the country have slashed employees and have almost gone out of business themself, so drastic action needs to be taken there. Finally, the final field being the roots of the crisis, corruption, and the sanctions on Russia from the west. The roots of the problem need to be pruned so that a disaster like this never happens again.
Russia is stuck between a rock and a hard place right now, but this is our trying moment. If we emerge from this disaster, we will come out stronger than ever before, and will become closer as a country, showing that Russia is the only way forward. Through cooperation between the people and the government, we will make it through this crisis.
Field One: Welfare
One of the key fields of this crisis that needs to be addressed is the welfare of the people. Unemployment is at a record 22%, and this must be addressed before anything else can be done. With this many people unemployed and not able to get jobs, this will cause havoc all across Russia as people will struggle to make ends meet in terms of living their lives. To counteract the immediate issues that this will cause, food, shelter, and other amenities for people need to be secured and guaranteed. First off, guaranteeing food for all people who are unable to afford it or acquire it while being unemployed. In recent years our production of all agricultural goods has skyrocketed due to the introduction of GMOs, so we can provide government “soup kitchens” for the unemployed to come and reliably get food. The government will provide the farmers with money for their crops, and in return the food can be placed into these free places for people to eat, therefore avoiding the concern of people starving. Housing will not be as critical of an issue, as there is state housing available, but it is limited in capacity, so something must still be done. This issue can be solved with the issue of unemployment, which I will elaborate on further. Essentially, new state housing will be built in all places that need housing for the unemployed, and this can provide temporary residences for the people to stay out of the elements when the time comes. As for things like health care and such, these are provided by the government, and due to the recession, funding for them will be raised to account for the inevitable rise in human needs.
To place a major dent in the issue of unemployment, much with what the United States did during the 1930s during the Great Depression, we will be taking a leaf out of their book and creating a plethora of new programs. The major program however, will be the program known as Rehabilitation Russia, which will revolve around infrastructure improvements all across Russia, and constructing new buildings as well. This ties into building new state housing, and draws inspiration from the programs from the American New Deal in the 1930s, namely the Works Progress Administration, Civilian Conservation Corps, and the Public Works Administration. All of these programs focused on providing work to unemployed people, and working on infrastructure around the country. This same principle can be applied in Russia, hopefully to the same degree of success. The temporary jobs granted through these programs can provide enough time for the factories that these people were laid off from to be up and running again. With all of this in place, this can grant additional benefit to Russia while also ensuring that these people do not go without jobs. While not everyone will get a job from these programs, it will stem the major flow of unemployment for the meantime, and hopefully grant enough time for the major sources of employment to reopen.
Additionally, for those who are unemployed, the current unemployment benefits are nowhere close to being enough to allow a person to survive. Per month currently, each person only gets around 12-80$ of unemployment money, which is insultingly low. In this recession, with a large number of people in unemployment, this number needs to be increased drastically. To aid the people who are unemployed, the minimum amount of money that can be granted per month will be raised to $150 USD, and the maximum will be raised to $960 USD, which depends on the lifestyle of each person. Someone who has a large family will receive the larger benefit, and someone who is alone will be granted the smaller funds. By raising the unemployment benefits for the recession, this will allow for the people of Russia to still be able to actually survive during these uncertain times.
The funding needed for this will come from slashing other budgets across the scale, and from loans from the Central Bank of Russia. These loans, of course, will be eventually repaid once the recession is over, but something must be done in the meantime to provide the people with a form of welfare and the means to survive.
Field Two: The Economy:
The rouble is in freefall, and the economy is about to be hit by a large train of shinkage, which is quite an issue to summarize. The first thing that must be done for the economy will be to stabilize the rouble. To stabilize the rouble, just like in 2014, the Central Bank of Russia will withdraw $5 billion USD to purchase roubles in the Russian economy to work on stabilizing the currency. Due to the large reserves of the Russian Federation, this can easily be accomplished, and should be more than enough towards stabilizing the rouble. This being done will go a long way towards climbing out the recession, as the stabilization of the rouble will bring back confidence in the economy. To help revive the economy, a government bailout program will be the way that the economy is saved. Russia has extensive reserves of foreign currencies (henceforth referred to as forex reserves) that we have been saving for an event like this for sometime, and now is the time to use them. While $5 billion USD from our forex reserves is being spent to prop up the rouble, this will not be enough to stabilize the economy totally. Therefore a bailout program on a massive scale is required, and the estimated total cost of the government program is $200 billion USD. Around $100-150 billion of this can be gained domestically through raising the VAT and other taxes, while also dipping into our forex reserves and slashing the budget of other ministries. The rest of this money, however, will be given as a bailout loan from the IMF, depending on how much they are willing to give us. This government bailout will be critical to prevent the entire country from entering further economic collapse, and will give us a swift rebound. Where the money goes for the bailouts, however, will be very important as the money is limited as to where it will go. Therefore the money will mainly be focused on reopening factories and bringing back old job positions before the recession. Furthermore, money will also be needed to bailout other important companies that went under in the recession, so focusing on other businesses other than manufacturing is also important, as more places other than that went under. Small businesses in particular are quite important as large numbers of them went under during the crisis, so further bailouts for them are needed. The money will be divided as follows, $100 billion towards manufacturing bailouts as this sector of the economy was the hardest hit from the recession, $50 billion for small businesses, as they were also hit particularly hard, and $50 billion for other sectors of the economy that were hit, but not as hard as the previously mentioned ones. Through these targeted bailouts and financial measures, this should stem the flow from the recession. These measures emanate those from both the 2008-2009 and the 2014-2017 financial crises, and things that worked then will work now.
Acquiring the funding for the bailouts domestically, however, will be difficult, and drastic measures must be taken to ensure this. The value added tax in Russia in particular will be raised from 20% up to 27% for the foreseeable future until the financial crisis has passed, and then past then it will be restored to the normal levels. In particular, the taxes on natural resource extracting will be raised up 2% from whichever level it was previously (this is done because the rates fluctuate for each resource and I don’t want to spend 3 hours writing down each and every one). Through both of these specific taxes being raised, the money from this will be enough to enable the bailout measure to be mostly be funded domestically, rather than through IMF loans. The raising of these taxes is only a temporary measure, and once the recession is over, they will go back to their standard levels so as not to make our citizens' lives even more difficult.
Field Three: The Roots of the Crisis
Despite having extensive measures to stop a crisis like this from even happening, they were not enough to escape the roots of the problems that led to this happening. Corruption and sanctions from the EU were the drivers of this entire recession, and something must be done to combat each and every one of them. No more measures to just delay the inevitable, these issues all right here stop this year, or the next year, Russia will no longer play victim towards the whims of the roots. Action will be taken, and these issues will cease to exist.
Corruption is something that Vladimir Putin has already touched upon at an earlier time, but this time more must be done. Anti-corruption courts were already empowered, and corruption in various different sectors of the government was dealt with to remove the epidemic of bribery that existed within the country. However, one part of corruption that has not been dealt with was tax fraud and tax evasion, which now more than ever is something that needs to be clamped down on. Following the model of the United State’s Internal Revenue Service (IRS), we can mimic their actions to catch those who attempt to deprive the government of their taxes. Russia has a right rate of tax evasion and tax fraud, and by checking over reports sent by their employers and other third parties, and comparing it to their taxes, we can catch people who commit tax fraud. This is an issue that Vladmir Putin feels strongly about, so he will be personally expecting results from this now, and in the future. By attacking those who commit tax fraud and tax evasion, we can also provide the government with more revenue that is sorely needed at this time.
Sanctions from the EU, however, have already been lifted significantly, and this will serve as the rallying cause for our economy. With the aid of European trade coming in, this can serve to assist our economy in climbing out of the recession. While this is not agreeable for our policy, this is something that must be done to ensure the economy does not suffer anymore than it has to. In the future, once the recession is over however, Russia will return to its former strength and prosper once again.
Government interventions into the recession that are swift and precise can help bring about an end to this recession sooner and better. Following methods that worked during the last recessions and financial crises, Russia can escape this calamity stronger than before.
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Reduce Output And Price, Now Is The End Of OPEC?

Reduce Output And Price, Now Is The End Of OPEC?

Photo: Internet
Since the outbreak of COVID-19 in 2020, the global economy has entered a recession, with gold soaring, stock markets tumbling, and oil prices plummeting.
Saudi Arabia cut pricing for oil sales to Asia and the U.S. for October shipments, and the reduction exceeded last month.
Global daily oil consumption (total liquid volume) broke the "100 million barrels" mark for the first time in 2019, reaching 10.96 million barrels. It means the global daily consumption is more than 100 million barrels, and the annual consumption is more than 5 billion tons.
Since the outbreak of COVID-19, fuel demand has decreased significantly, while global oil supply has continued to increase.
Global oil consumption has decreased by nearly a quarter due to COVID-19. The global daily oil consumption level in the second quarter of this year was less than 77 million barrels, which is almost 20 years ago.
20th April saw WTI oil prices plunge from $17.85 to -$37.63, more than a 300% drop, the largest one day drop for U.S. crude in history.
The oil prices up and down in history, and various factors impact the oil prices. One of the most critical factors is OPEC.
The Birth of OPEC
The Organization of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental Organization created at the Baghdad Conference on September 10–14, 1960, by Iran, Iraq, Kuwait, Saudi Arabia, Venezuela.
Before the OPEC, the Seven Sisters (E Anglo-Iranian Oil Company, Gulf Oil, Royal Dutch Shell, Chevron, ExxonMobil, Socony, Standard Oil Company of New York, and Texaco) controlled the world's oil markets.
In the 1950s, coal was the most critical fuel globally, but oil consumption increased rapidly, and demand continued to grow. In 1959, the United States' Seven Sisters lowered the price of oil produced in Venezuela and the Middle East by 10% to reduce the United States' price.
To counter the U.S. oil monopoly, OPEC was born.
OPEC's 13 members control approximately 30% of global oil supplies and 79.4% of proven reserves. OPEC member nations produce about 42% of the world's crude oil, and OPEC's oil exports account for roughly 60% of the total petroleum traded worldwide.

Photo: OPEC
Impact of OPEC on Oil Prices
Within the OPEC group, Saudi Arabia is the largest crude oil producer in the world and remains the most dominant member of OPEC, with each instance of a cut in oil production by them, resulting in a sharp rise in oil prices, and vice versa.
Additionally, the 'kingdom of Saud' is also the leading exporter of crude oil globally. Since 2000, all historical instances since the 1973 Arab oil embargo indicate that Saudi Arabia has maintained its upper hand in the oil market. It calls the shots in determining crude oil prices by controlling supply.
All major oil price fluctuations in recent history can be clearly attributed to production levels from Saudi Arabia, along with other OPEC nations.
Is it now the end of OPEC?
The success of shale oil and the plunge in oil prices in 2014 are signs that OPEC has declined.
Since 2014, U.S. shale oil has created a boom in domestic crude oil production. Shale oil comprises more than a third of the onshore production of crude oil in the lower 48 states. It drove U.S. oil output from 8.8 million barrels per day in 2014 to a record 12.2 million barrels a day in 2019.
As a result, the United States became the world's largest crude-oil producer.

Photo: EIA

Photo: EIA
Today the U.S., Saudi Arabia, and Russia rank among the top three in world oil production.

Photo: EIA

Photo: EIA

In November 2014, despite the appeals of other OPEC members to cut production, Saudi Arabia suddenly increased production sharply, trying to defeat U.S. shale oil companies through the competitive increase in OPEC member states. But American shale oil survived strongly by borrowing, and it became more efficient, and production costs were greatly reduced.
During this time, Saudi Arabia's economy is declining rapidly. Saudi Arabia had the highest government deficit in history-98 billion U.S. dollars, accounting for 15% of GDP in 2015.
In 2016, Saudi Arabia led OPEC and Russia to reach an OPEC+ production reduction agreement. Since then, oil prices have steadily rebounded. At the same time, Saudi Arabia has begun to consider taking advantage of high oil prices to list Saudi Aramco to ease domestic financial difficulties.
During this period, OPEC +'s reduction in production has rescued U.S. shale oil again. The production capacity of shale oil has increased sharply by 4 million barrels per day, surpassing Saudi Arabia, and Russia.
So far, the OPEC structure and cohesion continues to divide and elude.
On 8th March 2020, Saudi Arabia initiated a price war with Russia, facilitating a 65% quarterly fall in the price of oil. The price war was triggered by a break-up in dialogue between the Organization of the Petroleum Exporting Countries (OPEC) and Russia over proposed oil-production cuts in the midst of the COVID-19 pandemic. Russia walked out of the agreement, leading to the fall of the OPEC+ alliance.
While past oil shocks have been driven by either supply or demand, the price collapse of 2020 is highly unusual in oil market history: It results from a massive demand shock and a huge supply overhang at the same time.


https://preview.redd.it/2smucmlke1n51.png?width=686&format=png&auto=webp&s=63932270640be1913c8d41214418073a57b1646a

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For more information please download “TOP 1 Markets” at APP store or google play.
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top one:
https://itunes.apple.com/tw/app/id1506200136
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The evolution of Si14 betting exchange.

The evolution of Si14 betting exchange.
The evolution of Si14 betting exchange. Dear partners! We are often asked a question about the history of the company. We will gladly share our background with you. In May 2014 the company Si14 Ltd. was organized in Russia. The company provided services in trust management of investors' capital and concluded contractual relations with Active Trade broker ( http://www.profi-forex.us/news/entry4000005767.html ). Si14 company is also a creator of mechanized trading systems on the stock market. At the same time, Si14 was interested in the constantly emerging arbitration situations on the sports betting market and Si14 decided to manage its assets at betting companies. The results of asset management in the sports betting market reached 200% monthly. At this point, the company faced industry pains, account blockages. The management of the company decided to create its platform Si14 Bet - the first fair sports betting exchange. At the moment the company is being restructured and opens a legal entity in Switzerland Si14 AG. After the official launch of the platform Si14.bet - the company plans to enter the IPO. Follow our news and join in the success story. For more information, please visit https://Si14bet.io #Si14 #betfair #bet365 #Si14Bet #oods #livebetting #soccerbetting #bettingtip #soccerbetting #bookies #bettingexchange #bookies #bettingexchange #rich #bookmaker #sportsgambling #rich #bookmaker #sportsgambling #millionaire #billionaire #makemoney #moneyonline #bettingexchang #bettingexperts #onlinesport #onlinesport #casino
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submitted by Si14Bet to u/Si14Bet [link] [comments]

Can I report Forex trading losses from 2014 on my 2015 taxes as capital losses or is it too late?

I lost some money in 2014 when I was Forex trading and I didn't file it as a loss then. Is it possible to file the loss for tax credit for 2015?
submitted by RokHoppa to personalfinance [link] [comments]

Why Is Brexit Taking So Long Time?

Why Is Brexit Taking So Long Time?

Photo: Internet
What is the European Union?
The European Union (EU) is a political and economic union of 27 member states located primarily in Europe.EU policies aim to ensure the free movement of people, goods, services, and capital within the internal market.
Due to EU countries having close economic and trade relations, the EU's establishment can effectively prevent wars. The EU has helped foster long periods of economic prosperity, and it's helped keep the region at peace.
In 2012, the EU was awarded the Nobel Peace Prize.
What is Brexit?
Brexit(a portmanteau of "British" and "exit") is the withdrawal of the United Kingdom (UK) from the European Union (EU). Following a UK-wide referendum in June 2016, in which 52% voted in favour of leaving the EU, and 48% voted to remain a member, the UK Government, which was then led by Theresa May, formally notified the EU of the country's intention to withdraw on 29 March 2017, beginning the Brexit process.
Why Britain left the EU?
The appealing part of the EU was that it made it easier for European countries to share in one another's prosperity. But, as with any union, cooperation means weathering downturns together — and that hasn't always been so easy.
For example, the 2008 financial crisis. Many economists agree that the European Central Bank failed to respond effectively, leading to a recession that was much more severe than it needed to be. Unemployment rose, and tax revenue fell. Banks needed bailouts, and debt in a number of EU countries soared.
According to data from the UK Ministry of Finance, the UK paid 18.8 billion pounds to the EU in 2014, equivalent to 361 million pounds a week.
After the financial crisis, worries about immigration, rising right-wing forces, split within the party, etc. Former Conservative Prime Minister Cameron finally promised that if he wins the 2015 election, he will hold a Brexit referendum.
David Cameron to quit after UK votes to leave the EU.
When might Britain actually leave the EU?
UK left the EU on 31 January 2020, but that is not the end of the Brexit story.
That's because the UK is in an 11-month period, known as the transition, that keeps the UK bound to the EU's rules. The transition (sometimes called the implementation period) will end on 31 December 2020.
Top of the to-do list will be a UK-EU free trade deal. This will be essential if the UK wants to be able to continue to trade with the EU with no tariffs, quotas or other barriers after the transition.
Both sides will also need to decide how far the UK is allowed to move away from existing EU regulations.
Aside from trade, many other aspects of the future UK-EU relationship will need to be decided. For example, Law enforcement, data sharing, and security; aviation standards and safety; access to fishing waters; supplies of electricity and gas; licensing and regulation of medicines.

Photo: BBC
What will happen to the UK after the Brexit?
In terms of economy, the UK, which has withdrawn from the European Union, saves 8 billion pounds (this amount of money is equivalent to 0.5% of the UK's GDP) every year it pays to the EU's finances. After Brexit, immigration policies can also be further tightened to free up more jobs and labor benefits. Finally, Brexit can get rid of the red tape of the EU (about 70% of the laws in the UK are governed by EU laws), for example, no longer implementing the EU's common agricultural policy.
However, after Brexit, tariffs will inevitably increase, and these tariffs will be transferred to commodities. To make better profits, many companies in the UK will rush to run away. For example, Dyson has moved its headquarters from the UK to Singapore. Many established British companies have left the UK because of Brexit. The news that Japanese car company Honda announced that it would close its British plant even shocked Britain.
Besides, the City of London carries 74% of EU foreign exchange transactions, 40% of global Euro transactions, 85% of EU hedge fund assets, and half of EU deposit insurance. After Brexit, London's dominance in the foreign exchange market, including euro transactions, will decline.
The current international order is the best since World War II, but Brexit shows how to make all countries truly unite and help each other, humankind still has a long way to go.
After the Brexit, there will be more influential in the financial market in the future. TOP 1 Markets will keep an eye on it with you.

https://preview.redd.it/ic5tdpzgh1n51.png?width=686&format=png&auto=webp&s=e4b46fa72fb484475b7743c2ced235f0d8a0493e

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For more information please download “TOP 1 Markets” at APP store or google play.
https://play.google.com/store/apps/details?id=com.top1.trading.forex.commodity.cryptocurrency.indices
top1markets:
https://itunes.apple.com/my/app/id1461741702
top one:
https://itunes.apple.com/tw/app/id1506200136
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Q1 2014 US Retail Forex Profitability Report, Accounts Down

Q1 2014 US Retail Forex Profitability Report, Accounts Down submitted by KidUnidentifiable to Forex [link] [comments]

Currency Strength Indicator, Two Methods

Currency Strength Indicator, Two Methods
In this illustrated article we will show forex traders a live currency strength indicator for managing trade entries. We will also show traders how to set up some simple trend indicators for currency strength assessment based on market trends. Both systems work for 8 currencies and 28 pairs. Here is the article:

Currency Strength Indicator


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EUR/USD forecast: Dollar is drifting

EUUSD forecast: Dollar is drifting

Fundamental US dollar forecast for today

Investors are staying aside ahead of Jerome Powell’s speech and the publications of the US important domestic data

People see what they want to see. The euro fans are so enthusiastic that they prefer to ignore the flaws of the single European currency. Is the US-China trade resumed? It is not a problem! In 2018-2019, the EUUSD pair was falling amid the trade conflict escalation. In 2020, however, it will be rising in this case because of the diversification of the PBOC FX reserves in favor of the euro. Are there talks about the expansion of European QE? It is not a problem! The ECB just can’t ease its monetary policy as much as the Fed. Is there the second pandemic wave in Europe? It doesn’t matter; the illness is asymptomatic; there won’t be another lockdown.
Optimism grows stronger. However, people with accompanying pathologies most often die from COVID-19. If we transfer this metaphor to the global economic sense, the accompanying pathology of the export-led euro-area economy is a downturn of the international trade. The process started because of trade wars, and the pandemic intensified it. According to the CPB Netherlands Bureau for Economic Policy Analysis, flows of goods across borders were 12.5% lower in the second quarter than in the first quarter of the year. It is the worst drop since records started in 2000. In the three months through June, the US exports contracted by 24.8%, the euro-area exports were 19.2% down. However, the US exports account for 20% of the country’s GDP; in the Eurozone, they exceed 40%. The euro-area exporters will have a difficult time, taking into account the euro’s rapid growth.
With this regard, the USA is in a better position, which allows the White House to repeat its mantra about the V-shaped economic recovery. People see what they want to see. Larry Kudlow, the chief economic advisor to Trump, ignores the problems of the US labor market and the drop in consumer confidence to the lowest level since 2014. He stresses the best new home sales over the past 14 years, industrial recovery, and the S&P500 record highs.

Dynamics of US consumer confidence



Source: Bloomberg

Dynamics of new home sales in USA



Source: Bloomberg
Unlike the White House, the Federal Reserve is more cautious. Jerome Powell has many times stressed the slow GDP recovery, the necessity to take control over OCVID-19, and fresh fiscal stimulus. The Republicans and Democrats can’t reach an agreement for a new financial aid package, and the Fed has to take the responsibility. So, investors anticipate Powell’s speech in Jackson Hole to get something meaningful.
According to MUFG Bank, Powell will focus on holding low interest rates, thereby weakening the greenback. Investors expect the Fed Chair to express the Fed’s willingness to “seek a moderate inflation overshoot” and reinforce its commitment to full employment. If so, there will be other evidence that the Fed is running out of monetary tools. If the number of Americans seeking unemployment benefits falls while durable goods orders rise, the EUUSD bears can go ahead and try to break out the support levels of 1.178 and 1.1755. Otherwise, weak data and the Fed’s willingness to weaken the dollar can resume the greenback’s downtrend.
For more information follow the link to the website of the LiteForex
https://www.liteforex.com/blog/analysts-opinions/eurusd-forecast-dollar-is-drifting/?uid=285861726&cid=79634
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NZDJPY Double Top Forex Reversal Signal - Aug 20, 2014

NZDJPY Double Top Forex Reversal Signal - Aug 20, 2014 submitted by germanfriedrich to Trading [link] [comments]

Weak Dairy Auction and Jobs Data Pose Forex Market Losses for NZD - August 6, 2014

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FOREX-Dollar skids to lowest vs yen since Nov 2014

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Forex Trading Hours 2014 – Forex: Trading Successfully For Beginners: Build your Personal Finance and Wealth Today! Making Money with Forex Trading in a FEW MOMENTS! (Forex, Forex … Options Trading, Investing, Business)

Forex Trading Hours 2014 – Forex: Trading Successfully For Beginners: Build your Personal Finance and Wealth Today! Making Money with Forex Trading in a FEW MOMENTS! (Forex, Forex … Options Trading, Investing, Business) submitted by KellyfromLeedsUK to BreakingNews24hr [link] [comments]

APA ITU OLYMP TRADE: Olymp Trade adalah rekan trading yang baik

APA ITU OLYMP TRADE: Olymp Trade adalah rekan trading yang baik

https://preview.redd.it/nowzmdgbc0f51.jpg?width=600&format=pjpg&auto=webp&s=6e1d8648bdd85b7244e17973687e7196f443fcc8
Apa itu Olymp Trade? Mungkin kalian masih bertanya-tanya tentang hal ini. Olymp Trade adalah sebuah perusahaan investasi yang teregulasi yang menawarkan sistem trading FTT dan Forex. Olymp Trade juga merupakan salah satu broker kelas dunia yang telah meraih berbagai penghargaan di bidang Forex dari berbagi organisasi. Sejak didirikan pada tahun 2014, Olymp Trade sudah mulai mengmbangkan platform nya sendiri, sebari tetap memberikan keleluasaan untuk tradernya melakukan trading di platform Olymp Trade MT4. Jadi apa itu Olymp Trade? Yuk langsung aja baca penjelasan terperincinya di artikel ini!
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FOREX-Dollar slumps to lowest vs yen since Nov 2014

submitted by Hansihan to worldnews [link] [comments]

USDJPY Moving in Forex Range – August 13, 2014

USDJPY Moving in Forex Range – August 13, 2014 submitted by ultimateliving to Forex [link] [comments]

Forex: 20 Period Moving Average SECRETS (STEAL MY 20 ... Vbfx Forex System 2014 Review Neden Kaybederiz? / Kudret AYYILDIR / 24 Eylül 2014 FXLider - Uvod u Forex 2014 AHHMI Forex Indonesia 2014 - YouTube

Forex Lines 2014 using the multiple time frame forex strategies . Best Forex Strategies (Forex signals indicator + Best Forex Robot / FL EA) = Big Profit This currency trading technique is new and unique, this system combines the analysis of forex indicators and the best forex robots. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, notes that the EUR/USD pair is correcting lower as has lost the 1.18 level and remains topped for now at 1.2014. Key quotes “EUR/USD has recently failed at 1.2014 and the new high has been coupled with a large divergence of the daily RSI. Forex Awards has seen a vigorous rivalry for excellence among Forex Brokers in 2014 and the selection of winners has been a tough challenge for our independent Awarding committee. Our congratulations to FxPro - Best Forex Broker 2014. FOREX.com is a registered FCM and RFED with the CFTC and member of the National Futures Association (NFA # 0339826). Forex trading involves significant risk of loss and is not suitable for all investors. Full Disclosure. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. 1. Forex Lines 2014 Forex Lines 2014 using the multiple time frame forex strategies Best Forex Strategies (Forex signals indicator + Best Forex Robot / FL EA) = Big Profit . This currency trading technique is new and unique, this system combines the analysis of forex indicators and the best forex robots.

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Forex: 20 Period Moving Average SECRETS (STEAL MY 20 ...

Forex piyasasındaki riskler nelerdir? Riskler başarımızı gölgeler mi? Riskleri avantaja dönüştürebilmek için neler yapmamız gerekmektedir? Eğitimimizin bu bölümünde risk kavramı ... Growing a small account can be a beautiful thing. Stay patient and always stick to your trading plan. Consistency is more key than anything AHHMI Forex Indonesia 2014. https://sociabuzz.com/ahhmi/p/ahhmi Published on Oct 24, 2014 Na svom kursu "Uvod u Forex" FXLider vas vodi kroz osnove trgovanja na našoj Forex platformi. - Kako da otvorite realni račun i dobijete 50€ pravog novca za trgovanje Forex Piyasasında Nasıl Sistem Oluşturabilirim? - Kudret AYYILDIR - 18 Ağustos 2014 - Duration: 48:55. GCM Forex 4,017 views. 48:55. Temel Forex Eğitimi - Adil ALTAŞ - 11 Aralık 2012 ...

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