@raccoon-sex-dungeon / raccoon-sex-dungeon.tumblr.com
decolonizepalestine.com is an easy to navigate website run by two palestinians which breaks down common myths about palestine and provides a reading list organized by a wide variety of categories ranging from history and culture to media and censorship. it’s a good starting point to use if you want to learn more about the modern day situation in palestine and understand the truth behind myths that have been perpetuated about israel’s occupation of palestine.
Let’s be honest - Everest should be cut off from climbers, and the only people that should be allowed up there are ppl who volunteer to clean up all the garbage and human excrement adrenaline junkies have left up there over the decades, and anyone who volunteers to attempt to bring down any bodies of those who died.
The ascent is too dangerous, too many ill-equipped and unprepared climbers try to make the climb, and too much garbage is piling up and poisoning the run off that communities around Everest rely on to live.
Reminder that:
this is another reason why land back / indigenous sovereignty is so important. give the mountain back to the people who’ve been taking care of it for centuries and let them have full control over it legally. let them decide if it should or shouldn’t be a tourist attraction or if people should be allowed to climb it. just defer to Sherpa people when it comes to anything to do with Sagarmāthā
I mean, you’re absolutely right that the situation on Sagarmāthā (aka Mount Everest) is a real problem, but ‘ban everyone from it forever’ is a take that misses a lot of nuance, and will just make a lot more problems. The mountaineering industry is an absolutely vital part of Nepal’s economy, and Sagarmāthā is a fair chunk of that. There’s a reason so many people choose to do something as dangerous as guidework, and that’s because it’s really good money. If that shuts down entirely, lives will be destroyed. People will die. You’ll just trade one problem for another.
So what should be done?
Well, for a start, I think it helps to actually fucking listen to the people risking their lives working on that mountain. They don’t want it closed, because again, their lives will be ruined if that happens, but they DO want better regulations about who goes on the mountain, and what happens there.
See, you need a permit to climb Sagarmāthā , one issued by either the Nepalese or Chinese government, depending on where you start your ascent. And yes, multiple governments being involved makes it even more complicated, but let’s just focus on the Nepal side of things for now; the Chinese route is a real bitch to climb compared to the Nepal route so it doesn’t have such a tourist problem, and also the first step to any real solution there is for China to stop fucking occupying Tibet. So let’s focus on Nepal.
The permits are a very good thing; you need to pay to be issued one, which brings in money to the country, and it’s just common sense to regulate how many people are going up there. What’s not good is that the Nepalese government isn’t doing a very good job of regulating the permit sales; guides have been complaining for decades now about the government selling way too many permits, overcrowding the mountain, and allowing wildly unqualified people to go. One of the main things the Sherpa guide community wants is for the Nepalese government to sell less permits for Sagarmāthā, and make the skill/fitness requirements stricter. One popular proposal is to change the rules so that you need to have climbed at least one 8000m peak to be eligible to get a permit for Sagarmāthā. Since eight of the fourteen are in Nepal, this would keep money flowing, since people would need to do multiple trips, and it would also scare most of the dumbasses away - they want to be carried up the most famous mountain in the world so they can brag about summiting Everest. Having to climb a harder mountain first would make that look a lot less appealing, especially since K2 is a hellish death trap, and none of the other 8000′s have the same name recognition. You can’t really brag to your buddies at the office about having summited Dhaulagiri or Manaslu the same way you can brag about Everest. So that proposed rule change would scare off the tourists, and ensure every single person on Sagarmāthā is an experienced mountaineer that’s already experienced the death zone, as opposed to the current issue of multiple people that have literally never climbed before buying permits to go up Sagarmāthā.
They also want better regulations for the guide companies that can be hired for Sagarmāthā - there’s a huge problem of tourists paying for the cheaper guide companies, not realizing that the whole reason they’re cheap is because they take extremely dangerous shortcuts in their equipment maintenance. Those companies are a massive problem, and the legitimate guides hate them. So, so much. They put their clients in danger, they put their employees in danger, and they put everyone on the mountain with them in danger.
Finally, the guides need better pensions and life insurance, because the Nepalese government has a real problem of not paying the families nearly enough when a guide dies on the job. That was the entire reason for the 2014 strike - an avalanche struck the base camp during the pre-season, killing sixteen of the Sherpas that were laying down ropes for the season. The Nepalese government offered to compensate the families of the victims with just enough money to cover the funerals, which infuriated the entire Nepalese mountaineering community. They demanded that the mandatory life insurance policy have its payout doubled in the future, more money to be given to the families of the avalanche victims, and government payment of medical bills for the wounded. None of the demands were met, and so they went on strike for the year. The government did agree to give more money to the families… provided they presented the appropriate documents in Kathmandu, which isn’t really feasible for most people living in the Khumbu region, making them angrier. The life insurance payout was also raised, but only by half the amount the Sherpa’s had demanded.
To summarize: shutting down Sagarmāthā will fuck over the entire economy of Nepal, leading to people dying and lives being ruined. Listen to the fucking people you’re trying to advocate for. They want the Nepalese government to sell less permits to climb Sagarmāthā, have stricter rules about who can buy the permits, tighter regulations for guide companies, and more government assistance for guides and their families after an injury or death occurs. And yes, Sagarmāthā is a sacred place to the Sherpa people, and their religious leaders want everyone off the mountain… but let’s be real here, that’s never going to happen.
So, if this is an issue you care about, and you actually want to do something instead of making vague, impossible demands to feel good about yourself online, what can you do?
For a start, begin calling the mountain Sagarmāthā instead of Everest. Everest was only used as a name because Nepal and Tibet were closed to outsiders when the British were surveying the Himalaya’s in 1800′s, so they were unable to learn the mountains real name. And the surveyors were surprisingly serious about labelling mountains with the correct local names, which is why Everest and K2 are the only standouts among the 8000 meter peaks - K2 is so remote it never actually had a name, and the placeholder label of K2 stuck, while Sagarmāthā was believed to be the same situation and given a name instead. The only reason it’s still called Everest is because that’s the name that became famous. Getting the proper name into common use might make things right. It’s about respecting the culture of the Sherpa’s… and it will also respect the wishes of Sir George Everest, who absolutely fucking hated the proposal to name the mountain after him, and fought tooth and nail to leave a placeholder and keep searching for a proper local name. The poor bastards been rolling in his grave for over 150 years now, let’s get his name off the damn mountain already.
For improving the actual conditions, push for the Nepalese government to make the changes the guides want. International pressure is necessary for that; if nobody cares about the Sherpa’s, the government can do as they please, and the guides just have to put up with it. Pay attention, raise awareness, advocate for their wellbeing, and, again, listen to what they actually need/want.
Finally, rookies climbers going up Sagarmāthā should be judged, and judged hard. They’re not impressive. They’re fucking idiots being carried up a mountain by the real professionals so they can claim bragging rights. If someone brags about climbing the tallest mountain in the world, ask about their climbing experience and training, and if they’ve ever climbed/considered climbing any of the less famous 8000+ meter peaks. If they’re not an experienced climber that respects the mountain, mock them relentlessly. They’re not impressive, they’re an idiot that burned their own money to be carried up a really big rock and steal the credit for their guides hard work.
That being said, also show respect towards the people that have died on Sagarmāthā, AND the people that have witnessed death on that mountain. I’m not going to blame anyone for bad decision making at 8000 meters of elevation. The death zone was named that because the conditions cannot support human life; you are slowly dying as soon as you enter, and the trick is just to get back down before you succumb to it. The human brain does not enjoy being slowly suffocated to death, and you sort of lose your shit as a result. That’s just biology, happens to everyone. There’s a reason why disasters high up on the 8000+ peaks are so confusing - there’s always multiple different stories about how events played out, because short term memory loss and delirium are a very common side effect of being at an altitude unable to support human life. That’s also a large part of ‘summit fever’ on those peaks; people genuinely cannot make rational decisions up there. It’s a well documented problem. A fair amount of lethal falls up there are technically suicides, as people get confused and wander off cliffs, or begin removing protective gear, or other things nobody in their right mind would do. That’s why so many people die attempting to summit after the cut-off point of it being too late to try - they can’t process that if they continue, conditions will become extremely dangerous on their descent. They can only understand that their goal is the summit, the conditions are good right now, so that means they’re fine and should keep going.
Basically this is a complicated problem, and ‘Sagarmāthā needs to be closed forever and everyone there is a heartless monster’ is just… missing so, so much nuance, and is worse than useless if you’re trying to actually help the Sherpa people.
ANYWAY you cannot convince me that the air nomads didn’t have any sort of trade good based on the flying bison and aang just didn’t have the time or safety to make and sell any of these while trying to stop ozai. they probably did so much spinning just because drop spindles are super transportable, it’s something to do while flying long distances, there’s always a weaver somewhere willing to buy yarn, and there’s always, always large amounts of shed fur just. around. look at how much came off of appa that one episode. so much fur
so three things happen the summer after ozai is defeated and appa starts shedding in earnest again
(probably the air nomads also did a lot of weaving but it was mostly the pregnant nuns and the really old nomads so it’s a little off aangs radar. and does aang eat cheese? it never comes up in series but I would also believe that the nomads made a lot of air bison cheese and bison butter tea)
headcanon accepted re: sky bison products
you said SPINNING on a DROP SPINDLE and i instantly went YES. OH GOD YES.
i bet sky bison yarn is really strong but probably not super soft - we see in the show that the fibers are really long, which lends itself well to strong yarns that can stand up to a lot of wear and tear (silk yarn is INCREDIBLE when it comes to being hard-wearing, and that’s mostly because silk is basically an INFINITELY LONG FIBER). But because it’s so long and comes from such a large animal, it’s probably really coarse and thick.
I’m imagining most of those high-class ladies would be wearing at least one layer underneath their shawls, because bison yarn is probably pretty itchy if you’re used to high quality wool, silk, or fine linen. Especially bison yarn spun by a 13yo who doesn’t really like spinning.
unless of course the air nomads bred their bison specifically for soft fur, but generally when you’re breeding for stuff like that, you need different breeds for different purposes. appa’s pretty clearly a long-distance riding bison, which would probably have been a different breed than whichever ones would have been bred for soft fur. most species of domesticated animal that are dual+ purpose (i.e. meat/milk/wool/transportation) have breeds that can only do one or two of those well, and the others not as great.
the air nomads obviously would not have been breeding for meat, because vegetarians. For long distance travel and a nomadic lifestyle I bet they would have wanted a travel/milk dual purpose breed, but because they can regulate their body temperature with airbending, soft warm yarn might not have been a high priority for that breed.
which is a lot of words to say “appa-fur yarn is ITCHY”
My impression is that the sky bisons aren’t actually domesticated, so much as semi-sentient and choosing to partner with the air nomads, so I don’t think they’d be bred for anything, much less soft hair.
I actually headcanon spinning as something air nomad kids would be taught to do from a young age to burn off energy and stress and make it easier for them to learn to meditate, so I think Aang would probably be decent at making yarn that’s evenly spun, but probably wouldn’t have the experience to make super fine thread.
I would assume that appa has a double layer coat like most high altitude herd animals, so even without selective breeding the insulating inner layer would probably be suuuper soft. just look up qiviut for an idea of how soft and expensive muskox fur can get, and the skeins of bison fur yarn I have aren’t noticeably different from something like alpaca. assuming that appa sheds a proportionate amount of undercoat to muskox or bison (up to seven pounds a year) there is going to be a LOT of snuggly undercoat to turn into snuggly Soft Things
and I’ve seen a couple people say that aang would probably have learned spinning pretty young and be fairly competent at it, and I agree! I def meant the questionable yarn quality to be a statement on his attention span and post-war schedule, not skill (I don’t really know how to spin so idk if constantly starting and stopping and not paying any attention anyway would effect the consistency any? it just Felt Right)
I’ve never spun anything like qiviut - the most exotic thing I’ve spun is alpaca, unless folks think silk is more exotic - so I didn’t think about the double coat! Don’t they usually need special treatment to separate the topcoat from the undercoat, tho? I wouldn’t be surprised if Aang either didn’t know or wasn’t very good at separating from them.
I *do* spin on a drop spindle, tho, and the biggest problem with stopping and starting often is keeping the single the same width, but you have the same problem stopping and starting ANY kind of spinning project. In some ways, a drop spindle makes it easier to control that than a regular spinning wheel - you have a lot more control over the fiber and the yarn you’re spinning, so you can be more precise. My drop spindle yarns tend to be very regular and compact, while my spinning wheel yarns are more varied and lofty.
However, now I’m picturing the moment when you spin your single a little too thin, and the drop spindle lives up to its name - from hundreds or even thousands of feet in the air! Plummetting off the side of the air bison, with the older nomads scrambling to catch it…
I can totally imagine that the air nomads hat special spindles with gliders (like his stick where he glides with) to spin with airbending as a practice for beginner benders, or in a similar stile as the hand spinning wheels from India, but for air nomads!
And wouldn’t the process from start to finish be a good lesson in great fullness? Like how long it takes from baby bison to clothes
Maby even a live milestone. From first bison who chosen you to your first own robe/Stola??
It could even be that the Air Nomad’s robes were MADE out of sky bison fur, if the under coat was a) incredibly soft (I bet they’d wear the over coat too just because they didn’t really care about worldly possessions and comfortability) and b) their only farm animal was the sky bison. That’s what the Air Nomad’s wear, is Sky bison wool clothes.
Also, to the person who said Sky Bisons would only shed about seven pounds a year, I would like to counter that idea with the fact that Appa is GARGANTUAN. He has enough room on his saddle to carry literally six or seven children and their equipment on his back without much complaint, of which these children are not too much smaller than adults. An ox or an Alpaca or a normal Bison are tiny compared to Appa.
Appa’d have a metric butt ton of under fur on his body. I’d say about twenty to thirty pounds of under fur, with more on top, at the very least.
ok so I didn’t know that supported spindles existed and YES, very much yes to those. I love that.
I was actually trying to say that if muskox shed seven pounds we could use that to extrapolate how much appa shed if he shed proportionate to his size, not that appa would only shed seven pounds
ok, adhd rabbit hole time because I just looked up the average size of muskoxen and the approximate size of appa and, uh. apparently muskoxen are 900lbs full grown and appa is ten tons. over TWENTY TIMES THE SIZE OF A MUSKOX. obvs that’s doesn’t actually tell us anything about appas actual height and length but that’s the only solid number the show gives us and thirty pounds of underfur is starting to seem pretty conservative. it might be closer to 120lbs???
which is a weird way to say that I bet the air nomads had lots of crazy air powered spinning contraptions (and I’m still assuming that anything they had that wasn’t easily transportable was dealt with by pregnant nuns and aang wasn’t really introduced to it yet) and they just churned out textiles. literally everything fabric the nomads used was probably bison fur in some way because there was just. so. much. fur.
Textiles Tumblr coming in clutch to build the air nomad trade empire
6 zoo myths that arent true
Most behaviors that you see keepers demonstrate at the zoo or aquarium are natural behaviors that the animals do in the wild. When the animals do them, the keepers give them a treat and pair it with a gesture or a word, so that they associate them, and eventually the word or gesture is enough to elicit the behavior because the animal knows that there’s a reward. But here’s the thing: most of those behaviors are encouraged because they help veterinarians and keepers do health checks.
Yeah, its cute when they nose boop the stick, but also keepers need to check their vision and depth perception and mobility. Sea lions are so cute when they wave! But vets and keepers need to check under those flippers to make sure that they’re healthy and that they don’t have any restrictions on their motion or cuts on their skin. Why do they ask animals to jump? Again, to make sure that they’re healthy, and also because its fun and animals LOVE to move around and jump and have fun, its mentally stimulating.
This is the most important thing I will ever reblog and anyone who is still ignorant enough to think zoos are awful can fuck off my blog. Zoos are necessary. If you think otherwise please unfollow me because I don’t want you here.
This is super important for people to see. I have worked at a zoo and I can not tell you how many times I’ve had to defend the zoo for the good they do. People need to learn that zoos are actually helping save endangered species.
Remember: Sea World is not a zoo and doesn’t really care about animals unless they can make a profit. Fuck Sea World.
Alternatively, Busch Gardens does care for their animals.
THIS. I sometimes think many posh vegans do not realize this.
It’s 2018 and I still have no clue how CDs work. It’s a shiny disc, how do they get data on that, let alone that much?? Magic
Like a vinyl disc, where a physical groove is marked into the vinyl, a laser marks the ink of a CD in a similar manner. A laser (your disc drive) can then look at the pattern in the ink and understand it.
There’s no grooves on a CD tho???
They’re just really tiny, hence the laser. The smaller grooves means that more info can fit on a disc of the same size.
Man how the fuck did they figure out how to make that
well they looked at a record and said “How do we fit more information on this?” to which the reply is “Well either you make the record bigger or the grooves smaller” and making the grooves smaller is way more convenient so they say “Well how do we make the grooves smaller?” and that’s when a total madman comes out with eyes flashing and yells “WITH A LASER!”
And that’s how the CD was invented
how did they figure out how to fit information in grooves in a piece of vinyl in the first place????
probably got some ideas outta this
Fucking mad lads
"we need to stop the stigma towards drug users and addicts" and "we need to challenge the idea that being sober makes you boring" and "we need to stop acting like binge drinking to the extent you're doing medical damage is fun and normal for young people" are all ideas that can and should coexist.
just so we’re clear, the threshold for “binge drinking to the extent you’re doing medical damage” is waaaay lower than you think.
I work in an obstetrician and gynaecologist’s office. we have to tell patients on a regular basis that they are binge drinking weekly when they think they are simply consuming a normal amount of alcohol on the weekends.
having more than 3 drinks in a single sitting if you have an estrogen based endocrine system is a binge that is medically significant.
having more than 5 in a sitting is a medically significant binge for someone with a testosterone based endocrine system.
every time you do this, it significantly impacts your risk of getting breast cancer, and damages your liver. it takes time to recover from that liver damage. if you’re having a 3-5 or more drink binge on a weekly basis, you are an alcoholic, medically speaking, and your liver is not recovering.
again: the bar for what binge drinking is, medically, is so much lower than what you think it is.
alcohol is a really toxic substance and not something you should fuck around with.
again: if you have an estrogenized hormone system (common for most women), then 3 drinks is a binge. if you have a testosteronized hormone system (common for most men), then 5 drinks is a binge.
anything above that number, consumed as frequently as weekly or more, and you’re medically a binge drinking alcoholic.
also, if you’re drinking any quantity of alcohol 6 days a week or more, that’s another threshold at which, medically speaking, you meet the definition of alcoholism. your liver needs more days without alcohol in your system than just one a week to recover and be healthy.
I don’t say any of this to shame anyone—to me, alcoholism or substance use disorders aren’t a sign of weakness or moral failing. and most of us genuinely don’t know this stuff.
rather—I point this out because it’s important to reduce harm, and find ways to live healthier, happier lives. there is a life outside of constant binge drinking. it’s not always easy to find it. but it’s out there. you deserve a life where your emotional needs are met by something other than alcohol, and a life in which your liver is healthy, and the ways you cope and celebrate and find joy don’t put you at increased risk of cancer.
I keep fucking seeing "here's the gamestop stock news for people who don't understand" and then proceed to use words like 'hedge fund' and 'stock'. We don't fucking know what those are. So i read about it and talked to people who spent years studying capitalism and I'm gonna break this down as far as I can bc it's frustrating.
Hedge funds are rich people getting in lil groups to put their money together to hopefully turn it into more money. They do this by investing in large quantities of stock which, at it's most basic, is like a piece of a company. By owning stock you own a lil baby piece of the company metaphorical pie.
The price of stock changes, goes up and down, based on the success of the company. If a company is doing good, it's stock price goes up. If it's doing bad, price goes down.
Now gamestop hasn't been doing well, so if you had $10 worth of gamestop stock, it was on track to be worth $1 in the future.
The hedge funds saw this and did what's called "shorting the stock". In order to "shorten the stock" they go up to the stock counter and say
Hedge Fund: "Hey, can I borrow some stock and i give it back later"
Stock person: "Yeah, but you have to GIVE IT BACK LATER. Promise?"
Hedge fund: "yeah bro, promise" then they do whatever the fuck that chest pounding thing from wolf of wall street was.
So hedge fund takes that stock, which is $10 now, sells it to Grimace that purple chicken nugget for $10.
Now as I said before, gamestop isn't doing good, so once that $10 stock turns into $1 stock, Grimace is like "fuck dude, this was a bad deal, buy it back from me for $1 (which is what it's worth now)"
And the hedge fund buys the stock back for $1 and returns it to the stock person they borrowed it from.
How much money did they make? Answer below:
$9.
And it works! So they get away with doing this.
So what happened in January 2021?
People saw them doing this process called shorting stock and said "that's kinda fucked" and called the hedge funds on their bluff.
They bought up that stock.
Now something absolutely maddening about establishing the stock market as a pillar of your countries economy is it can be wildly volatile. Because it's all speculative. We have formulas for it now, but this is Econ 001 for people who can't stomach it, so we're saying it's all speculative.
People saw that this stock was getting bought up. And economists and capitalists and little people on their robinhood apps only want to buy stock when it looks like it's gonna be really valuable soon. They think they're gonna buy stock for $1 and its gonna turn back into $10.
But buying stock itself also increases the value of stock because it's gonna be more valuable cus people are buying it so it's doing good and people are buying it.
It's a disgusting money ouroboros.
But anyway. These hedge funds have stock out there that they sold to someone and they don't have it back yet. And the price isnt just rising, it's skyrocketing.
So the hedge funds borrowed stock that wasn't theirs, sold it for $10 (thinking they could buy it back for $1), and then the stock is worth $140. BUT THEY STILL NEED TO RETURN THE STOCK THEY BORROWED.
So the hedge funds gotta buy all that stock back at $140.
I've been using small numbers cus I'm sure u read that humans have a hard time conceptualizing big numbers, but what happened in the last 24hrs was really big numbers.
So hedge funds, billionaires, and other wealthy swindlers got screwed on this big time. So screwed that apparently the government gave the hedge funds our tax money to make sure they didn't stop being billionaires.
And that might be what happened i don't really know, reading about this much stock exchange in such a short period of time made me sick and I'm about to black out.
Correct any errors but if you use unapproachable vernacular without clarification I'm gonna ignore u so hard.
I’ll try to keep this as simple as possible, so if anything remains unclear just say the word - And that isn’t all! First to shed some more context on all of this: A while ago when Gamestop was in the dumpster, Randy Cohen bought a whole bunch of shares. To be exact, 12% of the company. This is what is known as a “controlling stake”, because it puts him on the Board of Directors, which are the big suits with fancy cigars and top-hats that call the shots. The relevant information here is, Randy Cohen is the founder of a *very* successful e-commerce website, and brought the people over to Gamestop that helped him make it. Gamestop is also restructuring to have less stores, but offer custom PC building at their locations (Lots of money in that.) All of which is to say - for people in the know, Gamestop suddenly wasn’t as dying as the general public assumes it was. Specific people on wallstreetbets saw this a long time ago, namely /u/DeepFuckingValue (who is now worth 40 million $, after a buy-in of 14 thousand $), and over time started organic growth. This is what caused the slow rise of the share price (one “stock” is called one “share”, I’m going to use that from now on.) to roundabout 40€ over the span of weeks. Now the thing to know is. The Big Guys with many fat sacks of money, have been shorting Gamestop for years. They have been actively driving Gamestop the company towards slow bankruptcy just so that they could keep shorting the stock and get a profit. To a point where Gamestop became the most shorted company in history. To an illegal degree. I’m going to reiterate how shorting a stock works: The Monopoly Man borrows a share from the Bank, sells it to the poor man, buys it back later at a lower cost, gives the borrowed share back. That is how it is supposed to work. What can happen, however, is that The Monopoly Man will sell a share that the Bank hasn’t given him yet - meaning he sold a promise of a share that doesn’t really exist. This is what is known as a “naked short”, because the position isn’t “covered” - like a man without pants is uncovered, see? This is, of course, highly illegal, but in typical rich man tradition this stopped more or less no one. The current situation is that 140% of available shares have been shorted. This means, if the Bank were to call back its shares now, The Monopoly Man has to come up with 40% more shares than currently exist in a form that can be bought. (You can call your Bank and say that you do not want your shares to be borrowed to others, that is roughly how this situation can happen).
Typically a short has no set expiry date, there’s just sort of a loose promise to give it back at some point, but common dates are End of Week, End of Month, End of Year. What we saw last friday was that the shorts of Melvin Capital expired, meaning the Bank said “Right, that’s enough, give us our shares back, NOW.” and because Banks matter, unlike the common people, Malvin Capital had to buy back every single share he borrowed from the bank at once - he waited till the last possible moment since there was the hope that the stock would still go down, and he could reduce his losses, maybe even turn a profit. Having to buy all those borrowed shares at the same instant is when a “short squeeze” happens, which is when the price gets momentarily squeezed up and spikes. This is what happened on friday, when the price per share went from 40€ to 60€, all thanks to that short squeeze. Doesn’t sound like a lot, right? Only 20€ after all. Melvin Capital lost 2.something billion dollars. But that is not where it ends!. Citadel, a different Big Money Bag, bailed Melvin out. Melvin used those funds to short Gamestop again. Citadel themselves also have shorts on Gamestop. And for the week the price actually held, so nothing really bad happened - no profit but no loss either. Till Elon Musk, who personally hates shorters, as shorters have betted on Tesla going under for a long time, gave a shoutout to Gamestop. Suddenly the price per share is at 200€. Now is when things get hectic. Remember Citadel from a few sentences up? Those are the Big Money Bags behind RobinHood, which is the trading app that most americans use to trade stocks. About 50% of RobinHood users have shares of Gamestop. Remember, Citadel has shorts on Gamestop themselves, and they bailed out Melvin Capital, who also has more shorts on Gamestop. In the singularly most illegal move you will possibly see in your lifetime, RobinHood prevented people from trading. You could only sell your shares, no longer buy. This resulted in a dip in the share price, though it has mostly recovered, so their ploy failed. Not satisfied with that, RobinHood has now started selling shares for their users - you can not cancel those orders, and yes that is incredible amounts of illegal - but we’re talking about so much money here, if Citadel manges to survive the week, they can deal with any lawsuits after. So people panic-sell their shares, RobinHood forces people to sell shares, all so that the shorters can “cover” their positions by buying a share now to give back to the Bank when due day comes. I’m personally hoping that this won’t be enough, because as long as people continue to hold, really they have all the power. Now. WHY is everyone holding, why didn’t we sell when it was at 400€ earlier? Remember the short squeezs from earlier. Melvin Capital and Citadel aren’t the only ones with skin in the game. Remember, 140% of shares have been shorted. What the people over on wallstreetbets, and me, are hoping for, is that an “infinity squeeze” will happen - for this there is actually a pretty nice visualization.
Let’s do some basic logic here. You have hedgefunds desperate to buy 20 shares. 30 Shares are in a position where they can be sold. What happens? Hedgefunds keep raising the price they are offering to buy at, till people start cracking and sell their shares. The longer people wait, the higher the price goes, but there is still more supply than demand. But we are in a position where, if all shorts expire at once, hedgefunds HAVE TO buy 20 shares.... but there are only 14 on the market. And people aren’t selling. This causes the theoretical price to go up to infinity- the longer you hold, the more your share will be worth. 5000$ per share honestly isn’t out of the question anymore. As long as people hold, the price will go up. Naturally people will cash out at SOME point - how is this going to work given that there are quite literally less shares available than the shorters need? Honestly, I don’t know! But this is all only going to happen if people hold. If the bubble collapses, prices go down, and the shorters can cover their positions at no significant cost - the dream dies, no tendies are made, Wallstreet wins. If the people hold? Every single one of us goes home rich. The Hedgefunds lose untold billions, many will go out of business. And that’s where we are right now! If the infinity squeeze will happen or not, who knows, if I knew I’d not be posting on tumblr, I’d be crashing Yachts into each other for fun. This still left out a lot of detail, but I hope I simplified it enough to be understandable. If any questions remain, feel free to hit me up either in the notes or directly.
Giant tarantulas keep tiny frogs as pets. Insects will eat the burrowing tarantulas’ eggs - so the spiders protect the frogs from predators, and in return the frogs eat the insects. Source
This has blown my mind for years. It’s so unreal. It’s almost the same exact reason humans and cats started living together.
Tiny frogs are tarantula housecats. A science fact seldom gets to sound that much like meaningless word salad.
This is legit, guys. And I’m excited about it.
Someone needs to draw a tarantula person with a tiny pet housefrog now. Please let this be a thing.
How is this?
it all makes sense now
