4.8 • 1.9K Ratings
🗓️ 21 July 2022
⏱️ 72 minutes
🧾️ Download transcript
Click on a timestamp to play from that location
0:00.0 | I'm sorry I might be I swear to God it's something fucking happens every God then week now right before we record I'm trying to drag and ask |
0:14.6 | I never happen to the big fraternity whatever happened to titties on TV |
0:26.3 | whatever happened to the branch of idiots we watched the government killed dozens of them live on TV |
0:43.3 | Did you ever watch that many series with Michael Shannon and Taylor Kitsch I think it was it played |
1:00.0 | No I never did but the branch of idiots pretty good I meant to watch it never did I want to share something with you guys this article I saw |
1:09.0 | it was making the rounds like a week ago it's it's in Bloomberg I don't know what the I don't know I guess it's just like a roundup of |
1:22.9 | market activity but this guy was writing about the price of nickel I don't know if you guys saw this it's about |
1:30.0 | nickel prices okay if you sell if you sell nickel futures at a price of twenty five thousand dollars per |
1:36.2 | ton and then the price of nickel futures goes up to one hundred thousand dollars per ton then in some |
1:41.9 | simple arithmetic arithmetic since you have lost seventy five thousand dollars per ton if you sold |
1:50.6 | one hundred tons of nickel futures then you have lost more than seven million dollars but if you |
1:56.1 | sold one hundred fifty thousand tons of futures the math changes a bit it becomes nonlinear and |
2:02.6 | relativistic if you sold it one hundred fifty thousand tons of nickel futures at twenty five thousand |
2:07.6 | dollars per ton and then the price goes up to a hundred thousand dollars your banks will call you up |
2:12.0 | and say you have lost eleven billion dollars can you pay that please and you will say I would prefer not |
2:18.0 | to and an insane series of events will happen here's the insane series of events one the nickel |
2:24.1 | exchange will cancel a bunch of trades and declare that actually the market price of nickel is forty eight |
2:28.9 | thousand dollars per ton magically reversing most of your losses then the exchange will call you |
2:34.2 | and say okay let's close you out of that trade at forty eight thousand dollars per ton then you |
2:38.8 | will say no this is still too much money for me to lose I prefer not to then your banks will say |
2:43.6 | well okay how much are you willing to lose you will say I would close out this trade at thirty |
2:54.4 | thousand dollars that's how much money I'm willing to lose your banks will say okay fine we'll |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Trillbilly Worker's Party, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Trillbilly Worker's Party and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.