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Imagine being in a casino...

Imagine you are a gambler enjoying a night at the casino. You decide to play Blackjack. Your hand is a ten and the dealer shows a 7.
"I would like to hit."
"No sir. You are only allowed to stand or surrender."
"That's not the rules of the game. Aren't you regulated?"
"Due to the votality your hand represents to the Casino, sir, you are only allowed to stand or surrender. These are extraordinary times."
"...are you only allowed to stand or surrender?"
"No sir. In fact, we may double down."
"Wait. What? You are the dealer, you can't put more money in that I didn't put in. That money doesn't even exist on the table!"
"Sir, you have a gambling problem. We might have to report the commission on you for attempting to hit with your hand because your friend told you that you should."
"Wait, are you trying to make me fold?"
"Sir, we reported you to the newspaper for being a degenerate."
"You guys are crazy!"
"Sir, we have decided that in order to protect your interests, you have decided to surrender."
submitted by Palidor206 to wallstreetbets [link] [comments]

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The USA PATRIOT Act: The Story of an Impulsive Bill that Eviscerated America's Civil Liberties

The USA PATRIOT Act provides a textbook example of how the United States federal government expands its power. An emergency happens, legitimate or otherwise. The media, playing its dutiful role as goad for greater government oversight, demands "something must be done." Government power is massively expanded, with little regard for whether or not what is being done is efficacious, to say nothing of the overall impact on our nation's civil liberties.
No goals are posted, because if targets are hit, this would necessitate the ending or scaling back of the program. Instead, the program becomes normalized. There are no questions asked about whether the program is accomplishing what it set out to do. It is now simply a part of American life and there is no going back.
The American public largely accepts the USA PATRIOT Act as a part of civic life as immutable, perhaps even more so than the Bill of Rights. However, this act – passed in the dead of night, with little to no oversight, in a panic after the biggest attack on American soil since Pearl Harbor – is not only novel, it is also fundamentally opposed to virtually every principle on which the United States of America was founded. It might not be going anywhere anytime soon, but patriots, liberty lovers and defenders of Constitutional government should nonetheless familiarize themselves with the onerous provisions of this law, which is nothing short of a full-throttle attack on the American republic.

What’s Even in the USA PATRIOT Act?

What is in the USA PATRIOT Act? In the Michael Moore film Fahrenheit 9/11, then Rep. John Conyers cracked wise about how no one had actually read the Act and how this was in fact par for the course with America's laws. Thus, before delving into the deeper issues surrounding the PATRIOT Act, it is worth discussing what the Act actually says. Here’s a brief look at the 10 Titles in the PATRIOT Act:
Most of the provisions of the USA PATRIOT Act were set to sunset four years after the bill was passed into law. However, the law was extended first by President George W. Bush and then by President Barack H. Obama. The latter is particularly scandalous given that, at least in part, a rejection of the surveillance culture that permeated the Bush Administration was responsible for the election of Obama in 2008.

Passing the USA PATRIOT Act

Next, it’s important to remember the environment in which the USA PATRIOT Act was passed: Post-9/11. It is not the slightest bit of exaggeration to label the environment in which the PATRIOT Act was passed as “hysterical,” nor is “compliant” a misnomer for the Congress of the time. Opposition to the Act was slim and intensive review of one of the most sweeping Acts of Congress in American history was nonexistent.
All told, Congress took a whopping six weeks drafting, revising, reviewing and passing the PATRIOT Act. That’s less time than Congress typically spends on totally uncontroversial and routine bills that don’t gut the Fourth Amendment. The final vote found only 66 opponents in the House and one (Wisconsin Democrat Russ Feingold) in the Senate. The entire passage of the PATRIOT Act, from start to finish, took place behind closed doors. There were no committee reports or hearings for opponents to testify, nor did anyone bother to read the bill.
“Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism” is the bloated and overwrought full name of the bill, crafted by a 23-year-old Congressional staffer named Chris Cylke. This ridiculous name puts the focus not on the surveillance aspects or the erosion of basic civil liberties enshrined in Western society since the Magna Carta, but on patriotism. At the time of its creation, the messaging was very clear: Real patriots support massive intrusions on civil rights. As President George W. Bush said at the time, “Either you are with us, or you are with the terrorists.” This sentiment very much seemed to apply to American citizens.
While the argument that if you have nothing to hide you shouldn’t fear investigation is anathema in a Constitutional republic with regard to citizens, it should be standard operating procedure when it comes to our organs of government. If we cannot expect transparency from the United States Congress – elected officials charged with representing the will of the people and protecting the Constitution – then we certainly can’t expect it anywhere else.

The Unfortunate Growth of the USA PATRIOT Act

It’s no surprise to those in the liberty movement that given an inch, the government (in particular the military-intelligence community) took a mile. Even the nebulous definition of “terrorism,” largely centered around a long litany of acts rather than the motivation behind them, has expanded to include receiving military training from a proscribed organization (without actually committing any terrorist acts or even acts of violence of any stripe) as well as “narcoterrorism” – the latter particularly convenient, as the United States government continues its losing “War on Drugs.”
Indeed, in many ways, the War on (Some) Drugs was the template for the War on Terror. Both wars have no defined enemy, no defined terms of victory. Instead, they are waged against a nebulous concept, while enjoying bipartisan support for their ever-expanding budgets. What’s more, it didn’t take long for the Feds to start using the USA PATRIOT Act for things it was never intended for, including prosecuting the War on Drugs.
Perhaps the silliest application of the USA PATRIOT Act is the prosecution of Adam McGaughey. McGaughey maintained a fansite for the television series Stargate SG-1. The Feds charged him with copyright infringement and computer fraud. In the course of their investigation, the FBI leveraged the PATRIOT Act to get financial records from his website’s ISP. This was made possible by the USA PATRIOT Act amending the Computer Fraud and Abuse Act, allowing for search and seizure of ISP records.
The New York Times discovered in September 2003, that the USA PATRIOT Act was being used to investigate alleged drug traffickers without what would otherwise be sufficient probable cause. These were investigations into non-terrorist acts using a law ostensibly designed to investigate terrorism. There was some suspicion that the Act was being used to investigate crimes occurring before the Act was passed, violating the ex post facto clause of the United States Constitution.
In one of the biggest power grabs (excluding virtually everything we know from Edward Snowden – more on that below), the FBI sent tens of thousands of “national security letters” and procured over one million financial records from targeted businesses in Las Vegas. These businesses were primarily casinos, car rental bureaus and storage spaces. The data obtained included financial records, credit histories, employment records and even people’s personal health records.
The FBI maintains and databases this – and, indeed, all information collected through the USA PATRIOT Act – indefinitely. In the good old days before the PATRIOT Act, the Feds were compelled to destroy any evidence they collected on someone later found not guilty of a crime. Note that the aforementioned data collection brought to public attention by Edward Snowden (which, again – we’re getting to that) falls under this provision. Not only is the government collecting obscene amounts of private and personal information about you, they’re also storing it indefinitely with no plans to stop.
What’s more, the FBI has approached public libraries to turn over the records for specific terminals, collecting information not about specific users who might be under investigation, but about anyone who has ever used the computer at the public library. Libraries, to their credit, have been very much at the forefront of resistance against the PATRIOT Act, with some litigating compliance despite operating on small budgets and others posting “canary letters,” which effectively say “The FBI Hasn’t Been Here Yet.” The removal of such a letter would warn patrons that the FBI has been sniffing around in their records.
Indeed, the greatest criticism of the PATRIOT Act is the simplest and perhaps most obvious: Why does an Act ostensibly passed to fight terrorism so drastically expand the government’s power to investigate virtually everyone else? The PATRIOT Act is not merely unconstitutional, it is an unprecedented expansion of state power in the Anglosphere, a culture based on restricted government and the primacy of individual rights.
An excellent example of this is the Foreign Intelligence Surveillance Act (FISA) expansion. Most people are familiar with the term “FISA court,” but very few people actually know what it is – a special federal court created under the Carter Administration that grants approval of electronic surveillance of both citizens and resident aliens in the event that they are accused of acting in the service of a foreign power. The last part of this sentence is very important: The FISA courts are not simply for allowing surveillance of anyone that it might be expedient to collect information about. The scope of their powers is very, very limited.
Or was.
The PATRIOT Act lowered the burden of evidence required to obtain a FISA warrant for electronic surveillance and expanded the overall scope of the FISA courts. Any savvy federal agent can now drape his charges in the garb of (what else?) “national security” and obtain electronic surveillance privileges hitherto only dreamed of by investigators. FISA courts have become pliant tools in the hands of the Feds, gladly approving their requests to monitor phone and internet surveillance, as well as access to medical, financial and educational records.

The Future of the USA PATRIOT Act

Do we still need the PATRIOT Act? Did we ever? All laws are certainly a product of their times. But this seems much more acutely true of the USA PATRIOT Act, which was passed in a rush and under duress without due consideration.
Particularly in light of the revelations from Edward Snowden – that the government is spying on everything they possibly can – it’s worth asking if there’s any walking back. He points out that the police state apparatus was originally for drug dealers, then for terrorists, but ultimately ended up being applied to anyone and everyone.
What’s more, Bob Bullard notes another frightful aspect of the USA PATRIOT Act: Terrorism-related cases are not subject to the Freedom of Information Act. This means that there is little or no oversight. There is no surer hallmark of a police state than an all-powerful domestic surveillance agency with no transparency or oversight. While the USA PATRIOT Act might not create an American Stasi as such, it certainly paves the way for one.
Continue reading The USA PATRIOT Act: The Story of an Impulsive Bill that Eviscerated America's Civil Liberties at Ammo.com.
submitted by ammodotcom to Libertarian [link] [comments]

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Hi all, any news on the above mentioned, Epiphone made in USA Casino? I know it was shown at NAMM earlier this year, but then, nothing...I was incredibly excited about this news as I wanted previously to get an Epiphone Elitist Casino (made in Japan) but they were quietly discontinued last year. I assume this is intended to replace that line?
submitted by SnooKiwis3208 to gibson [link] [comments]

Lost a couple thousand on an online casino this last week and after logging into my bank account to assess the damage I realized all the charges were disguised through shell corporations and front businesses and I'm wondering if I can chargeback without legal repercussion???

I wont reveal the casino directly but for context it's based in the Caribbean and is owned by some Chinese conglomerate of sorts. It ranks highly online and multiple sources claim it's safe so I didn't question it's legitimacy especially since it's a professional looking site with nice graphics and live dealers and all. It wasn't until I deposited more money than I'd like to admit in increments and finally checked my bank account in despair after losing it all that I realized the payment processing was handled by multiple third party ecommerce businesses and the like. Not only that but a few of the charges were labeled as being sent to individuals directly with common sounding almost stereotypical Chinese names instead of businesses like "Zhou Wei" or "Hui Chang" One charge in particular was labeled as a website address for an Alibaba looking site that sells "mobile signal boosters" and was identified by google as "not secure" and warned me that I shouldn't enter any personal info as it could be compromised.
So this leads me to the inevitable question: Would it be safe for me to request chargebacks and claim partial fraud or even complete ignorance and let it play out? (Which would be ideal so i can recoup) Moral judgement and gambling addiction advice aside if it is the case that this casino is disguising itself from banks and using third party fronts in what I'm assuming to be a money laundering operation, would they risk revealing themselves and countering my banks investigation? And yes technically I did in fact authorize the payments to the casino and they have my name, home address, and ip if they do choose to counter but I never agreed to have my card details covertly ran through shell corporations and front businesses especially ones deemed illegitimate by google and not only that but i was charged a 5%-15% hidden fee on every transaction by the third parties. So for example what should of been a flat $500 deposit in exchange for the equivalent in casino credit came out to $547.32 unbeknownst to me and I was charged a foreign transaction fee on top of that. I don't want to get busted for chargeback fraud but if the casino itself is fraudulent (And also operated outside the USA on some small sketchy island nation run by criminals based in china) can I get away with it, moreover would it even be getting away with anything if I'm the victim here at least in part.
edit: From Oklahoma USA
submitted by Accomplished_Bad_669 to legaladvice [link] [comments]

Evolution 12-Month Profits hit 284.6 Million Euros For 2020!

Evolution 12-Month Profits hit 284.6 Million Euros For 2020!
The final quarter of Evolution’s public financial reports are now on the table, and they are impressive! After the 4th quarter figures came in, it prevails that Evolution 12-month profits hit €284.6 million in 2020.
https://preview.redd.it/48qmgskiz7h61.jpg?width=800&format=pjpg&auto=webp&s=599ed12ee92cd62c9472a0eddd1b2e17514a54f0
It was a strong year for a brand that made a €1.6 billion acquisition of NetEnt, which brought 2 brands (NetEnt + Red Tiger) over to the Evolution camp. Although that acquisition is almost 6 times the profit reported, the purchase counts as an add-on asset, hence we do not see a huge billion-dollar deficit—just in case you were wondering. In fact, not only is the acquisition an asset worth €1.6 billion, but it is also 2 profitable brands adding to Evolution’s revenue!
Adding to this, Evolution shows tremendous resilience. It still turned over a quarter of a billion Euro profit despite German iGaming markets coming offline as online casinos in the country prepare themselves to separate live dealer gaming from video slots, COVID-19 closing many of Evolution’s Dual Play tables, and the expense of opening a new US-based Pennsylvania studio, yet, this investment was a solid one as the state continues with record-breaking iGaming profits!
Also, over in New Jersey where Evolution has both Ezugi and Evolution studios, Evolution live games are available in most online casinos. The Garden state’s iGaming market is the most valuable in the USA, which became clear after the NJ gambling commission recently announced that New Jersey online casinos alone recorded US$932 million revenue (€769 million) in 12 months!
submitted by georgheinrich1 to u/georgheinrich1 [link] [comments]

Used buses for sale | How do buses work?

Used buses for sale | How do buses work?

https://reddit.com/link/lhf3c7/video/dzun8o18psg61/player
Irrespective of whether it's a public or private bus, they all have the same functionality i.e. to transport people on fixed schedules. First, buses are built on demand by the manufacturer from the ground up. The entire vehicle has 2 major components: the chassis and body. There are 3 types of manufacturers, some will only build the chassis. Others will focus on constructing the body. whereas the big manufacturers will build the chassis and the body together in-house. Some of the top manufacturers in the industry are Ford and Chevrolet. Other brands include Blue Bird, Turtle Top and Goshen. There are still others like Startrans, Starcraft and more. Once the vehicle is ready, its sold and delivered to the buyer at wholesale prices. They can either be a private dealership or a local public transportation department. The private dealer will sell the bus at a higher price to individual buyers. Thus making thousands of dollars in profit. Whereas the public transportation department will hire a driver to operate the bus. They will even train the driver for a few weeks on how to operate the bus. Because chances are that the driver was before operating a bus built by a different manufacturer and its functionality was completely different.
https://preview.redd.it/q6p6pimapsg61.png?width=930&format=png&auto=webp&s=1a8f856790d4365745271e3e332256ba4bc6c284
The public transportation department ensures that wherever there is a road, its buses will be operating on them at least once in a day. The frequency of operations depends on the demand. The department creates a map of all the roads under its jurisdiction. On every road, it constructs and maintains several bus stops. Depending on the budget, the bus stops can either be fully constructed bus stations or just a pole with a metallic board, suggesting its a bus stop and will include all the bus numbers that will halt near its position. Every driver is expected to run his bus on dedicated roads, halt at every stop, pickup and drop off passengers and finally return back to the hub of the transportation department. The journey starts from this hub and ends at it.
https://preview.redd.it/249c201cpsg61.png?width=1920&format=png&auto=webp&s=4cd17414b3776337b3944e24ded67c19ff5535e1
In simple terms, every bus is stationed at the transportation hub, the driver will report to work every day at the hub, he will be given a fixed route to operate his bus, he will get inside the vehicle, turn it on, drive out of the huge gates of the hub and move in the direction of the route he has been assigned. Once he is on the assigned route, he will keep riding until he finds a public bus stop. The vehicle is always empty when the driver drives it out of the hub. There will be no passengers to drop at the first stop, people will be entering but not getting off it. From the second stop onward, people will be stepping in and out at every halt. All the passengers will step out at the last stop. From there, the driver will take the bus back to the hub empty. The vehicle and the driver will rest for a few hours until they both get ready for the next route. During this interval, the driver will make reports, entries and important documentation as needed, whereas the bus will be refueled. repaired and fixed for the next trip.
https://preview.redd.it/m4g12rgdpsg61.png?width=930&format=png&auto=webp&s=b325bd84779ed736899c395f8a8abc2bbd579f9d
Every bus will also have a captain sometimes called as a conductor or a ticket collector. As the driver will be busy driving the bus, it's the captain's job to collect tickets from passengers who step inside. He will take money from the passengers and give them a ticket in return. The amount of money he takes depends on how far the passenger wants to travel. Tickets for shorter distances will cost less and more for longer distances. The captain and the driver work as a team when operating the bus. If a passenger behaves rudely or violates the law, then the captain signals the driver to halt the vehicle and can ask the passenger to step out of the vehicle.
This is how buses work in a public transportation department.
On the other hand, bus dealerships will sell their vehicles to any company, organization or individual who wants to buy them. Companies need buses because they want to transport their employees frequently. If there is a corporate meeting then employees will be transported to the meeting location in the bus. Similarly, construction workers are transported to the construction site from the company headquarters in a bus. Buses are also used to pick up and drop employees from their homes or from their nearest parking lots to the company location. A transportation company will use the vehicle to provide the same services like that of a public transportation department. The only difference is that private buses are not allowed to halt at public bus stops. They will usually halt in front of or near a travel agents shop. They will decide on which route to operate the motor coach and build a network with all the travel agents on that route, thus halting their vehicles near specific shops throughout the route.
https://preview.redd.it/itaoy54fpsg61.png?width=1920&format=png&auto=webp&s=bc98aaa54fa3ea2f5efc16f9ab7c28e31db947cd
Religious organizations like a church use a bus to transport their members to the church and back home every Sunday. Church buses for sale play a very important role in the growth of a church. For example, if a church has 100 members, then each will be driving to the church in his or her private vehicle every Sunday. As a result, there will be more than 100 cars parked outside its premises causing traffic congestion, pollution and discomfort in the neighborhood. Many churches are forced to relocate to a new location simply because they need a bigger parking space for their congregation. All these 100+ vehicles can be taken off the road, if the church starts offering pickup and drop services to members. This will collectively save fuel, reduce pollution and will give members an opportunity to inter mingle with fellow members, thus increasing their bonding and brotherhood which will prevent attrition. It will keep the size of the group intact and in fact increasing.
https://preview.redd.it/xr17yujgpsg61.jpg?width=1024&format=pjpg&auto=webp&s=213735a23b0911f2662ffb157b53b01cc2fd651c
Individuals can buy a bus for various reasons and one of them is to convert the vehicle into a recreational bus. People who intend to modify their vehicles tend to purchase a used passenger bus for sale because they are 40% to 75% cheaper compared to newer counterparts. The buyer either takes inspiration online or hands over the task to 3rd party handymen who professionally modify the vehicle. Travel enthusiasts buy these vehicles and go out for long vacations journeying to every national park in North America. Some keep their trips limited within the United States, whereas others include Alaska, Canada and Mexico in their bucket list. There are still others who travel across the pan American highway from Canada in North America to Chile in South America. It can take up to 2 years to journey this road and explore every hotspot throughout the route.
https://preview.redd.it/uzfnxdgipsg61.png?width=1920&format=png&auto=webp&s=ef9137854ee3d3a30892971dbed839cc4dba9289
If you are interested in buying affordable used buses for sale at 40% to 75% cheaper than market rates, then you can either search for a used bus dealership online or contact Major Vehicle Exchange today. We are a used shuttle bus dealership and have thousands of satisfied customers across the USA and Canada. With more than thirty five vehicles in stock we always have a bus that fits every budget and requirement. Our long list of satisfied customers includes churches, transportation companies, tour operators, schools, colleges, casinos, sport teams, adult day care, senior centers, shopping malls. movable shops and many more. Since we are a full time dealership, we don't undertake the task of modifying a bus. We can remove all the seats and deliver it empty to the customers location anywhere across the USA. From there on its up to the customer, how they modify the vehicle. Bus conversion can cost as less as $500 and as high as $50,000. However, customers are advised to keep their conversion basic by using second hand materials. This will not only save them thousands of dollars but will also help them resell the vehicle easily after they are done with it. Every buyer has their own tastes, likes and dislike, hence expensive materials can make a buyer lose interest in the vehicle because they are unnecessarily increasing the cost of the bus.
https://preview.redd.it/i67d8tbkpsg61.png?width=1920&format=png&auto=webp&s=3fb16c482f93bf2a8770ab44583e4b786cb1c819
If you want to know more about shuttle buses, then pickup the phone and call the bus expert Charles Kaufman at 516-333-7483 or visit our website by clicking on this link.
https://www.quora.com/How-do-the-buses-work/answeCharles-Kaufman-8
submitted by SmallBusinessOps to UsedBusesForSale [link] [comments]

Make a Race Route #3 Part 3: The Winner

Congratulations to u/No-Diver-2452 who won round 3 of Make a Race Route, 2nd place was u/Vinnymartin_09 and 3rd place was a tie between u/pandie12345 & u/Pgandhguyxc. The winning route is:
Leg 1: Atlanta, USA -> Cancun, Mexico
Leg 2: Cancun, Mexico -> Lima, Peru
Leg 3: Lima -> Rio de Janeiro, Brazil (self-drive) (NEL)
Leg 4: Rio de Janeiro -> Praia, Cape Verde
Leg 5: Praia -> Barcelona, Spain
Leg 6: Barcelona -> Nice, France -> Monaco -> Genoa, Italy (travel from Spain to France via train) (super leg) (self drive) (halfway point in Monaco)
Leg 7: Genoa -> Jerusalem, Israel (NEL)
Leg 8: Jerusalem -> Nairobi, Kenya
Leg 9: Nairobi -> Perth, Australia (self-drive)
Leg 10: Perth -> Hong Kong, China (NEL)
Leg 11: Hong Kong -> Seoul, South Korea
Leg 12: Seoul -> Las Vegas, USA
Additional Information:
Start line: Truist Park
Finish Line: Hoover Dam
Final Roadblocks:
submitted by Hel_l_o to TheAmazingRace [link] [comments]

Analysis: Does Robin charge you too much for house upgrades and how I concluded she is a diety.

Analysis: Does Robin charge you too much for house upgrades and how I concluded she is a diety.
Ever since a Let’s Play got me into Stardew Valley, I’ve fallen in love with the world. It’s something special, a place to relax and get away from the world’s problems. Here, you can pay bills with the sweat of your own brow, make friends, fall in love, and can escape the drudgery of modern life. It’s magical in its own way.
I’ve played hundreds of hours over multiple save files. I’ve been wondering one thing just recently, however. I remember when I first asked Robin for house upgrades and the sheer bowel-emptying amount she asked for. Seriously? That much for a kitchen? Now that I haven’t left my house for the past several weeks, fear human contact, and have deep dived into the paranormal, I’m overthinking something constantly: with regards to modern housework, does Robin the carpenter over or under charge you for her work?
To figure this out, it’s going to require a fair bit of math and a lot of guesswork. I’m going to have to establish a lot of ground rules but I’m going to try and be as accurate to real world costs as I can. We need to learn four things:
  • What year does the game take place so we can calculate accurate inflation?
  • What is the square footage of the house and its upgrades?
  • What is the exchange value of gold, the game’s currency?
  • What is the cost of Robin’s labor?
Let’s tackle the first. To do this, I scoured around to look for modern conveniences. Primarily, I found these five:
  • Leah mentions she has a laptop
  • The carpentry shop sells Plasma screen TVs.
  • There is what appears to be an old Apple computer monitor in Harvey’s clinic and Maru’s room.
  • Sam has an electric guitar and what looks like a plasma screen computer monitor in his room.
  • In Mr. Qi’s casino, the slot machines do not have a lever. This is important because that gives us a firm earliest date of 1963.
Another interesting factoid is the number of Cathode-ray TVs you see in Stardew Valley. These are the precursors to plasma screens, which were in turn succeeded by LCD screen TVs. Additionally, a large number of your starter houses comes preequipped with Cathode-ray TVs. Granted, this may be because the farmhouse was abandoned for many years before you came along, but there exists another such TV in 1 River Road where we often see George watching his shows. I will concede that George and Evelyn are quite old and may not have the tech savvy nature of Sebastian to get something more modern, so that can’t be an accurate measurement. Plus, Alex’s mental acumen is a little... questionable.
As for crafting recipes, there really isn’t anything worth talking about. Magic items I won’t talk about because it has no real world comparison; that also throws out the wizard shop’s items. The furniture catalog has nothing of note to pinepoint a date, and nor does Pierre’s General Store, Joja Mart, Joja Warehouse, the Blacksmith, Stardrop Saloon, or Marnie’s ranch. Leah doesn’t mention anything about her laptop, so that is of little help.
So the casino gives us a low bound. Although manufacturing of the plasma screen TV stopped in the US in 2014, plasma screen TVs were losing their market shares around 2007 and factories were shutting down. As you can buy them like hotcakes and fill a shed with them, 2007 is our upper bound.
The price for plasma screens was quite pricey for residential homes. 1995 was the year 42 inch plasma screens became commercial, and some had home installation priced somewhere around US$15,000. Still not quite the size of the queen or king sized bed you and your spouse have (the size of the plasma screen in the game), but sixty inch plasma screen TVs were sold around the year 2000, and that is plenty big. Given the size of the screen in the game is roughly three tiles just like your bed, I think it’s safe to say this is around the size of our estimate. Our rough year range is now 1995 to 2007. Let’s split the difference and say the game takes place in 2001.
We have our year.
To calculate the size of our farmhouse, we need some baseline measurement. Luckily, the game is pixelated so we can be quite accurate in our measurements. Unluckily, we have no confirmed height of anything, so we have to intuit some things. Reddit user asparagus made this excellent size chart, so while I can just use that and save myself a lot of work, let us do some measurements of our own and then measure the farmhouse with both this method and asparagus’ method.
First, there is the height of plants, but those can vary widely. For instance, you can pot prickly pear cactuses in your farmhouse, but their height can vary anywhere between one and seven feet. Plant height is a no go. The average height of a minifridge is forty three inches (109 cm) tall, so unless you are a dwarf, that’s not right either. The fences are also a good starting point, as most agricultural fencing stands at four feet (1.2 m).
Here we don’t have to do much; all fences are forty eight pixels in height. Four feet equals out to forty eight inches (121.92 cm). It doesn’t get more perfect than that!
Trigger warning: incoming math.
Now comes the really tricky part: getting the dimensions of each iteration of your farmhouse, and squinting at my computer screen like a mole in order to count pixels; we must include walls as well as that is included in square footage. Our first iteration has pixel measurements of 704x496. Add in the doorway (136x64pixels), and then we’ll still convert for square feet. 704 * 496 + (136 * 64) = 318,452 pixels/sq, which (dividing by 12^2) converts to 2,211.47 ft/sq. Damn, we’re well on our way for most modern mansions.
I have to have messed something up (205.45 m/sq, btw). The average firebox (the inside of a fireplace where you burn wood) tends to be around 32x20 inches (81.28x50.8 cm). Ours is... 72x40. Twice as large. I also haven’t even begun to calculate the farmhouse’s height because Robin is beginning to scare me.
Alright, new plan, we’re going with asparagus. I married Haley and took her measurements. She is 104 pixels tall, and since she is 65 inches (165.1 cm) according to asparagus, that gives us a measurement of .625 inches/pixel (1.5875 cm/pixel).
Side note, I really want some Twizlers right now.
So instead of having pixels as at a 1:1 ratio, we have something a little more lenient, but things are looking a little... grim. We’ll have to convert each individual amount, so we have (704 * .625) * (496 * .625) + ((136 * 64) * .625^2) for 124,395.31 inches/sq, 863.86 ft/sq., 80.25 m/sq. But still, we haven’t even begun to calculate the actual volume of our farmhouse yet, so these numbers are going to explode.
I’m beginning to think Robin is Hestia. Yoba is not the only deity in this town.
Alright, calculating the rest of the floor spaces is a little boring so let’s speedrun this.
Wall height for the farmhouse is 140 pixels, so (140 * .625) * 124,395.31 inches/sq / 12^3 = 6,298.95 ft^3 (178.36 m^3) for the farmhouse, and 25,800.51 ft^3 (730.58 m^3) using my method.
Just... let’s move on.
Second iteration has me doing a fair bit more work.
Wall height is 135 pixels, and rightmost—wait, the walls are shorter? Weird. Anyway, the rightmost room has dimensions of 486 for width by 375 for depth (and the same cubby dimensions), giving us cuboid dimensions of 24,603,750 pixels^3, which converts to 14,238.28 ft^3 (403.18 m^3), and 3,476.14 ft^3 (82.83 m^3) using asparagus' method
Middle corridor has a dimensional width of 42 pixels by 87 depth, giving us a total of 285.47 ft^3 (8.08 m^3), and 69.69 ft^3 (1.97 m^3) using asparagus' method.
Leftmost room (the kitchen) has a width of 870 and depth of 375, with a doorway of 136x64. That gives us a cuboid area of 314,019.38 ft^3 (29,173.11 m^3), and 6,388.74 ft^3 (180.91 m^3) using asparagus' method.
That gives us a grand total for a tier two home of...
... 328,543.13 ft^3 (29,584.37 m^3) using my method and
... 9,934.58 ft^3 (281.31 m^3) using asparagus' method.
So Robin added at a minimum 3,635.63 cubic feet to your house in three days by herself. Even if you extend the days and months to roughly align with our own calendar, that would be a mere nine days. How much powdered starfruit did she snort in order to do that by herself? I 100% believe Emily is the town’s dealer. I didn’t even calculate the length of the farmhouse loft. It’s doable, and even though you can’t enter it in the game, a bigger farmhouse means a bigger loft judging by the look of it.
Anyway, I’m not going to calculate the loft area right now. I’m not going to calculate the other tiers of your farmhouse either, even though that was my intent when I started this analysis. The math is easy enough, but it gets boring to type, and no doubt to read. Plus, I’m a little stunned by Robin's carpentry acumen. C’mon Robin, stop upgrading my house. Exercise with the girls, dance with your husband, smoke some weed, I dunno, RELAX.
But in a strange way, it makes a weird sort of sense. Pretty much no one plays the game with auto-run turned off, but do so for a moment. See how fast you move. That is your normal pace, and auto-run is you, an Olympian god, sprinting around town every second of every day, helping the shit out of everyone whether they want it or not, snorting the same starfruit mixture you got from Robin to keep going, who may have gotten it from Linus (my money is still on Emily). We’ve become so accustomed to seeing the run animation as our default I almost didn’t realize it doesn’t translate to modern life. The boards in your house, I almost took those as your normal 2x4 planks of wood (which actually measure 1.5x3.5, the world lies to me). They are not. They are almost the width of your entire body, and your walking pace (sorry I can’t get an exact pixel measurement) covers roughly one and a half boards, a similar length to a normal human gait. The art style fooled even me until now, but your house is massive.
Let’s just answer our other two questions. What is the exchange rate? Calculating the exchange rate of a fictional world is always tricky as they have different concepts of rarities, but I’ll give it the ol’ college try. Once again, I can’t do anything with magic. Let’s first list some things of note:
  • Iridium is fairly easy to get around Stardew Valley once you are able, and that is a rare and valuable metal, with a current price of US$1,510 per troy ounce.
  • You can purchase a golden column to place on your farm, and gold has a current price of US$1,643 per troy ounce
  • Conversely, while the first two are rare and valuable metals, crops such as corn are valued at prices like 150g, a very unusually high amount if exchanged 1:1 to USA dollars.
  • Going back to plasma screen TVs, we can use its price history and then convert currencies to Stardew Valley gold.
Now you may be tempted to say we can’t translate iridium and gold’s prices to real world market values, and normally you may be right, but there are some extenuating circumstances in the game: the town is right next to two very large mines. It is even a plot point once you clear the glittering boulder that the water carries ore from deep inside the mountain. Yes, gold and iridium are valuable, but your location to ore veins is important; gold and iridium may be uncommon resources but you have access to very specific places where they are more common, otherwise known as the scarcity heuristic). This also explains two facts about iridium: discounting magic, iridium is quite rare in the game, just like real life. Secondly, Clint’s prices make a lot more sense not only because it’s endgame material, but because iridium is super dense and has a very high melting point, thus making it a very difficult material to work with.
But by far the biggest challenge of this question is figuring out whether or not items you produce factor in the cost of your labor or not. For instance, lace is made of simple materials that even in the days of Victorian England, it was easy to get. However because lace was so time consuming to make, it could command absurd prices. Thus, one of the first things we need to discover is whether or not the game takes into account cost of labor or not.
So I am going to take you all back to school and talk about someone who’s old and dead: Adam Smith. It was he who talked about the cost of labor in his book The Wealth of Nations, and because of that, I bring up this particular line:
“...From century to century, corn is a better measure than silver, because, from century to century, equal quantities of corn will command the same quantity of labour more nearly than equal quantities of silver.
Why did I mention corn above? This is why. Prices may vary, but agriculture has been around for thousands of years and the cost of a farmer’s labor equals about the same.
According to Dylan Baumann, Stardew Valley corn plants have a profit value of 535 gold per plant. Our corn plant profits are about as high as they can get without adding something new into the mix, and we don’t want that yet.
Let’s set some ground rules:
  • Cultivatable farm space on the standard farm equals out to 3,427 spaces, but we’ll round that down to 3,350 for iridium sprinklers, iridium watering can, and scarecrows, equaling maximum farming with no loss of crop.
  • We’ll keep Dylan’s ground rules, so no fertilizer.
  • No preserves, jams, wine, and juices.
  • No farming efficiencies and crop selling bonuses.
  • No use of the greenhouse to grow crops outside of the growing season.
If you plant the entire farm with corn and stop harvesting on Fall day 28 when the growing season ends, that lets you harvest a total of 11 ears of corn per plant. Multiply that by 3,350, we get a total of 36,850 ears of corn for your entire farm. Corn is measured in bushels, and a bushel of corn can be anywhere between 40 and 60 ears of corn, but we’ll say you really pack it in for 60, meaning your growing season for corn produces 36,850 / 60 corn for a total of 614.17 bushels per year.
The USDA has a 2001 labor value of corn at US$2.92 per acre (and that matches the Iowa labor statistic), and using 156 bushels per acre, that brings our labor cost per bushel at... US$00.02. That’s a real pittance. Considering bushels of corn retailed around $2.11 per bushel in 2001, that is an incredible markup of 184.85 times.
We’re almost done with the dreaded math, I swear.
Corn retails at 100g apiece in Stardew Valley(You get 50 gold from Pierre, so he has a 100% markup), meaning the labor cost should be around 184.85 times less that amount, meaning it takes about 0.54 gold to make one ear of corn.
Your average US farmers salary $55,000 and $100,000, and we’ll take the middle of $77,500 for our measurements. Dividing the farmer’s salary by the total ears of corn our farmer grows in Stardew Valley, we get a labor cost per ear of corn in US dollars of $2.10 per ear of corn. Now we multiply this by our markup ratio to get the IRL retail cost of corn in Stardew, getting US$237.08! Damn that better be some good eating! We divide that number by the Stardew Valley retail cost of corn, netting us a real world conversion of gold of, drumroll please, $2.37 US dollars per gold in 2001.
Now just for funzies, let us calculate the actual salary of your famer in Stardew Valley. Multiplying your 36,850 ears of corn by 50 gold (your selling price of gold, not the retail price of 100g), that nets you 1,842,500 gold per growing season. Multiply that by the dollagold conversion we just calculated and your real life gross income comes out to be US$436,672,500.
Give me all of the golden clocks, wizard.
Three questions down, one more to go. Currency conversion was rather tricky because it involved quite a lot of math, but this last question, what is the cost of Robin’s labor, that requires the most assumptions. There’s an easy answer and a hard answer.
Robin’s upgrades, except for the last, require you the farmer to give her resources in addition to gold. The simple answer is you are providing materials in order to keep the raw gold cost down. This means that the first house upgrade, 10,000 gold, is strictly her labor cost as the 450 wood is all the raw materials she needs to build. 3 days * 3 months (to adjust Stardew month lengths to our month lengths) comes out to Robin working an IRL equivalent to 9 days. Taking 10,000 gold / 9 days equals a cost of 1,111.111 gold per day, and considering Robin has snorted enough powdered starfruit to have 20 hour work days, that comes out to 55.56 gold per hour.
Just to be sure, let’s see if the math holds up for the last upgrade. That one requires a cost of 100,000 gold and comes preequipped with 33 casks. You do not provide the resources for the casks, meaning that comes included with the cost. Casks cannot be sold, but the materials required to make them are 20 wood and 1 hardwood, which Robin will provide for the same 100% markup (meaning 4 gold and 30 gold respectively). 4 gold * 30 gold * 33 casks comes out to 3,960 gold. Using the same calculations for the first house iteration, we get (100,000 gold - 3,960) / (3 days * 3 months) / 20 hours for a total of 533.56 gold per hour.
Not even close to our first estimate. We could just average them together for (533.56 + 55.56) / 2 = 294.56 gold, and that would be the easy answer. It would be nice to settle for the easy answer.
Let’s find the hard answer. We are going to calculate labor cost per square footage, and luckily most of the work has been done over the course of several google spreadsheets. To find the cost of materials and money per upgrade volume we get the formula (Upgrade volume - Base Volume) / 10,000 gold. This gives us a grand total of cubic material built per gold of...
...2,573.26 in^3/gold, 30.27 ft^3/gold, 2.89 m^3/gold using my method and
...628.24 in^3/gold, 0.36 ft^3/gold, 0.01 m^3/gold using asparagus’ method.
Let’s see if the math holds up for the basement upgrade and dammit I just realized I got to do more pixel measurements now. Hold on, be back in an hour.
Alright, I’m back. We don’t need to do any subtraction for the previous volume of the house considering the cellar is its own little area, but we still need to subtract the value of the materials used for the casks. The cellar comes out to a grand total of cubic materials built per gold of...
...386.91 in^3/gold, 0.22 ft^3/gold, 0.01 m^3/gold using my method and
...94.46 in^3/gold, 0.05 ft^3/gold, 0.0015 m^3/gold using asparagus’ method.
Huge discrepancy.
Before I get into my reasoning why, let us outline what we know first.
  • We’re pretty sure the game takes place in 2001.
  • We have the exact sizes of each house upgrade calculated with two different methods.
  • We have a certified exchange rate of US$2.37 at that point in time.
  • We have two different methods of calculating the cost of Robin’s labor.
  • The amount of work Robin does during her three(nine?) day job is absolutely obscene.
I come to one conclusion: Robin is a god that has settled down in the world of Stardew Valley.
Here me out. I have three pieces of evidence.
The first is when Robin is hired to take on a house upgrade job no one helps her, not even her husband Demetrius. Your house is right next to hers, so you’re not paying for travel. As we have shown by our calculations above and in the gDoc spreadsheet, that is a massive amount of work. It’s simply not possible for a human to accomplish such a monumental task. Robin claims she built her own home herself with this line from the game...
“Have I told you that I built our house from the ground up? It's definitely been the highlight of my career so far.”
...so we know her carpentry acumen is impressive enough for the job, but she has severely understated her skill. Homeadvisor pegs a house costing anywhere between US$150,000 to US$500,000 (US$102,005.53 to $340,018.44, adjusted for 2001 inflation), but even adjusted for inflation, Robin absolutely underbids the current housing market. Those inflation adjusted values, when converted to gold, come out to a range of 43,040.31g-143,467.70g. Granted, these prices are for a complete house, not adding onto a current house, but even if we half the value you are getting one hell of a discount.
The second piece is Robin’s language. The sheer passion for her work speaks wonders..
“Wood is a wonderful substance... it's versatile, cheap, strong, and each piece has its own unique character!”
...but perhaps she is just passionate about what she does. Many people are, but knowing what we do about how dirt cheap and blindingly fast she works let’s go into more detail about some things, specifically three lines. The first...
“Our little plan worked out well, don't you think? Pam and Penny seem really happy.”
...is said after Pam’s house undergoes an upgrade. “Our” plan? Sure, you are the one that buys the upgrade and Robin has to build it, but I can’t help but feel there is a double meaning behind this language. It is done out of the kindness of Robin’s heart and the materials have to come from somewhere, so she can’t do it for free, but it wasn’t about the money, as we have stated previously. It was about Penny.
Pam is a somewhat contentious person because of slobbish and slovenly nature. She is immediately and irrationally angered when Penny tries to pick the place up. She drinks heavily...
“\sigh*... My mother definitely has a problem with going to the saloon too much. But it's best not to dwell on bad things, right?”*
...doesn’t seem to understand not paying her tab has some consequences, and doesn’t realize what her habits have done to her daughter’s psyche.
Then you, the player come along. Pam is okay with the simple things in life, but you help Penny with her worries and insecurities, and then with you and Robin together, you give Penny everything she needs to help her shed those worries. She has a house that doesn have problems with rain, two friends who look out for her, her mom has a job, and most importantly she has peace of mind and in a world fraught with problems, that is truly priceless.
This is the second line...
“Hey! I heard some weird noises last night, and woke up this morning to find the quarry bridge completely repaired! It's a miracle of woodworking!”
...and it occurs once you offer items to the community center junimos to get the quarry bridge repaired.
It is also a bald-faced lie.
The junimos are good, don’t get me wrong, but we’ve seen what Robin can do with our own two eyes. She is absolutely incredible at her job, and while I may give it to her she has no idea what junimos are or what they are capable of, we have proof that the act of restoring the bridge in one night is not out of the realm of possibility for her. A miracle, yes, but I’m certain she can beat the junimos’ time.
Lastly, there is one quote from her that is just... it opens up some very interesting questions. When she says...
“My parents were bewildered when I told them I wanted to be a carpenter. They were pretty old-fashioned.”
...how old are her parents when they consider carpentry too new-fashioned for them? Carpentry is one of the world’s oldest professions. If they were old-fashioned, why were they bewildered?
This line is just so fascinating to me. Robin is incredibly skilled, but I cannot rationalize carpentry being too newfangled for parents to wrap their head around. Who were they? Where are they from? I know your secrets, Robin, I know your parents are gods, too.
The third and final piece is the contrasting pieces of the world at large. Just like ours, it’s a little depressing. Joja Corp runs dozens of what even Cyberpunk would consider a dataslave farm. The world is flooded with consumerism run amok, Orwellian surveillance, and rampant urbanization. The Ferngill Republic is in the middle of a war with the Gotoro Empire and Kent still suffers PTSD from being in a prisoner of war camp.
Stardew Valley isn’t just a town to retire in, it is a place of respite and healing. There are three confirmed magic users deeply tied to the town’s mystical roots. The bears speak and encourage you to manage the world around you. You are rewarded for restoring balance to the valley by being able to recycle things you don’t need. Your main resource in the game, gold, also doesn’t matter that much; if it ever slips into the negative, nothing bad ever happens. You must just work to raise it back up. There is no lose condition in the game.
In many respects it is similar to the Gaiaism philosophy that all living beings are connected, each relying and depending on each other in order to maintain a peaceful coexistence. You help Shane with his nihilism and depression, Sebastian with his ability to express and accept affection, Sam with his dreams, Kent with his problems, Leah with her ambitions, Haley with her generosity and narcissism, or even simple goals like Penny’s idea of a quiet domestic life.
Whether it is the addicted, lost, or scorned, everyone is welcome and everyone can have a home in Stardew Valley. No one embodies this more than Robin who just wants a simple life. Whether it is her own house or her own boat during the Dance of the Moonlight Jellies, Robin builds it herself. The feel of wood grain, the smell of lacquer, the stickiness of stain, the thrum of the saw, and the bite of the axe. Robin doesn’t charge you nearly enough for your house upgrades because it is not about the money. Woodworking is what she loves and she lives in a place where barterism, kindness, family, and friendship substitute so many of life's modern problems and inconveniences.
Friendship increases in the game aren’t just a measurement of achievements, a means of getting more recipes, or more candles lit on a grave. You are making friends and getting to know these people for who they are and everyone’s life is bettered because of it. The amount of love I’ve seen for Linus is just staggering. Shane, in all of his melancholy and despite him not being a suitor in the original version of the game, is loved by so many. I know some despise Haley, but I love that I was able to show her what kindness can do for people.
You are in a gentle and loving place, and you are loved.
What a better place for a god to reside? A quiet town filled with peace and love, seeped in nature and the old magics of yore. A loving mate, a family to raise. Land to share with those that forage from its bounty. It’s all she needs.
Robin’s role in all of this? She desires neither worship nor admiration. She is just a friend. A god, certainly, but a friend first and foremost who is just settling down in a quiet town looking for a little peace.

https://preview.redd.it/fkugiuh4nwv51.png?width=507&format=png&auto=webp&s=146d3dabaa63c0ce3bfd281712434e9b2a655be8
Image by MagicallyClueless
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VXX As An Insurance Bet - In Confusion, There Is Profit
I know what you're thinking, "Oh great, another douchecanoe typing 'words words words' who adds a crayon drawing because he thinks this is investing." No. Because sirs (and madams), this is a casino!
In this casino there are Robinhood autists YOLOing at the roulette table, or trying to win their YOLOs back at the nickel slots. Then there's theta gang, sitting at the blackjack tables like the card counters they are. They're not as fun, but they're methodical, and can play for hours at a sitting. Your loss porn is their gain. They know the House doesn't always have to win if they bet more when the odds are in their favor.
In blackjack, if the dealer shows an ace, you can buy insurance. It's almost always a bad bet, because in multideck blackjack it's really hard to count cards. But if you could count the cards, you would know that sometimes, an insurance bet is a good play.
For the hand we're all holding right now, the cards that will be dealt next can be (mostly) counted. Your portfolio insurance doesn't have to be SPY puts. You don't have to be a bear right now, but if you're at least bear curious, VXX is a decent play at the moment.
For a detailed explainer on what VXX is, click here. For those of you who don't care about messy details just understand that VXX is an ETN trading on current and future month VIX (market volatility) futures. Presuming you're buying calls/selling puts because that's all some of you do, you're buying calls on futures of an volatility index. That's a lot of crystal balls to be juggling in one ticker symbol.
Now let's look at the chart of VXX since January 2018, giving us almost three years of history:

VXX Jan 18 through Oct 20
For the two of you who have ever read the disclosure on your broker's investment pitches, you know "past performance doesn't guarantee future results". How could it? We're looking at futures here, not pasts. But...
Note that in the last three years, VXX has only been below $20 from late October 2019 to mid February 2020 - when Covid decided it was going to wreck our fully employed, stable, almost nirvana of an economy.
Since Late March, we've been working off that excess peak as stonks have only been able to go up. That last little spike, however, came in September when election uncertainty coupled with Washington gridlock/Stimulus failure/JPow saying the Feds needed to help his printer go BRRRR.
The VIX popped back to 30 after the first "Presidential" (air quotes) debate raised uncertainty over the outcome of the election/transfer of power and then the President was diagnosed with Covid. As the polls started to shift toward a sweep for the democrats, however, the removal of election uncertainty and the likelihood of even bigger stimulus after the election started to outweigh the fears of additional taxes/regulation on businesses, along with Congress and the White House continuing to play Lucy & The Football with us over stimulus before the election goosed the market. Stonks resumed their "only go up" posture, and the VXX has been creeping back down.
That's the past. What's actually going to happen here?
(NOTE: I'm well aware of WSB's NO POLITICAL BULLSHIT! rule. You should be too - look to the right if unfamiliar. The following items are about illustrating how uncertainty will lead to volatility so we can make green, not to talk about how red or blue you are.)
1) Polls always, always close before an election. It's still hard to put together the electoral map where President Trump wins, but there are late polls showing states that were clearly in Biden's column moving back to toss up. Narrowing polls, by definition, will increase election uncertainty.
2) The greater use of vote by mail increases the likelihood that we won't know who won - especially control of the Senate - on election night...or maybe a day or three after.
3) Individual Senate seats are less guaranteed to flip than the White House. In addition, there are possible runoffs. In Georgia, where a candidate must get 50% plus one vote to win, there are two seats currently in the toss-up category, and their runoffs are NINE WEEKS LONG. It's possible the next Congress will only have 98 Senators when they are sworn in, with Georgia getting around to sending Senators a week or so later.
4) Late this week or next, The White House/Nancy Pelosi/Mitch McConnell are probably going to have to say definitely/out loud that there will be no stimulus agreement before Nov 3rd.
5) Half the country is not prepared to accept the outcome of the election, regardless who wins.
6) If you think partisans are bitter and unable to reach an agreement now, wait until they're lame ducks. I don't see how all of these problems get magically solved in November or December.
7) Sometime in November, the market will quit worrying about just getting November 3rd over with and will start focusing on policy changes. A Republican Senate that refuses to pass anything for a Democratic President? A Democratic Senate that decides to get rid of the filibuster and pack the Supreme Court, Green New Deal, resume soaking the rich?
8) The Pandemic? That old thing? Newsrooms are working overtime to turn ensure we're all preparing for new lockdowns as winter approaches.
Again, taking political opinions - mine or yours - out of this, the market got way too comfortable too quickly with what is about to happen November - January, and the open questions should lead to quite a bit of additional volatility. Bringing this home to that crayon drawing from CNBC above, does this environment look like it should have a VXX trading at the same levels from last fall, when unemployment was 3.5% with no inflation in sight, and reasonably stable DC politics? I don't think so.
But here's the bonus thing. I may be wrong about any and all of the 8 catalysts above. They lend themselves to shorter term calls, but at least once per year, the market gets caught offsides, and VXX spikes. The ETN appears to be worthy of a core trading position below $20, in addition to calls at times like now when the market seems to be too comfortable with the discomfort that is coming.
If you're counting cards with me, you see a lot of 10's left in the deck and the dealer is holding an ace. I'm buying the insurance. Not so much as a hedge against the negative, but because in confusion, there is profit.
Counter-argument/caution: I've skimmed several articles noting that the VIX was pricing the election as the single biggest risk event ever. Clearly, I'm not the first to suggest this play and some will argue that it's priced in. But as this article from Forbes points out, the VIX/VXX is back to all time historical norms just a couple of weeks out. My argument is that people sold their event profits too soon, and that I expect a rising VXX into the election and possibly after.
TL;DR - The market is underpricing the uncertainty coming around and after the election, and VXX calls will help play the volatility spike as nervousness returns over the next few weeks.
Positions:
10 Nov 20 $24 calls
Likely adding new Nov or Dec calls Monday after writing this and convincing myself of my own BS.
submitted by One_Eyed_Man_King to wallstreetbets [link] [comments]

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