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Picturing The Amazon.com Of Illegal Drugs

Tyler Durden's picture




 

When the drug-selling website Silk Road was shut down in October 2013, the event made international news. What didn’t make the news was how much the site’s purchasing clients were paying for the substances they were buying. Substance abuse comes with many costs. Emotional, health and career costs are just a few that we can name.

However, Silk Road added yet another cost on top of its substance users’ problems: spending costs. For example, the buying price of heroin on Silk Road was nearly 2x greater than heroin’s average street price.

What’s more, drug users of nearly every single state would have saved more money buying drugs on the street as opposed to buying them on Silk Road. Drug users from roughly 1/5 of the country overpaid by more than $100 and North Dakota was the only state to see a decrease in drug costs for users who bought drugs on Silk Road. Silk Road offered everything from mushrooms, to marijuana, to DMT and even heroine. But at what costs?

 


The Amazon of Illegal Drugs: The Silk Road vs. The Streets

Infographic by Clarity Way Rehab Center

 

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Fri, 03/07/2014 - 20:56 | 4523597 Seize Mars
Seize Mars's picture

Sorry, OT but important:

http://www.reuters.com/article/2013/11/05/us-ukraine-chevron-idUSBRE9A40...

"Ukraine signs $10 billion shale gas deal with Chevron"

Any fucking questions?

Fri, 03/07/2014 - 21:01 | 4523602 The Gooch
The Gooch's picture

.

Fri, 03/07/2014 - 21:07 | 4523625 National Blessing
National Blessing's picture

Who cares about the Ukraine.  Let Russia take it all.   Bitches.

Fri, 03/07/2014 - 21:26 | 4523670 CH1
CH1's picture

Silk Road was taken down, and now... there are now 20+ DarkMarkets.

Fri, 03/07/2014 - 22:14 | 4523823 tmosley
tmosley's picture

Weight those "averages" by volume and I bet a different story would appear.

Heroin junkies don't buy drugs online.  Cokeheads do.  And just look at what was cheaper on SilkRoad.

Sat, 03/08/2014 - 10:48 | 4524755 DblAjent
DblAjent's picture

This is worthless fucking journalism. Complaining about the price of dope online vs street? Want a bargain? Go down the the "dark market" projects and risk your life by way of just being there.

The fact that there are online markets to purchase products of any sort with nonfiat currency, which is placed into escrow until transaction complete, is a breakthough in and of itself IMO

Sat, 03/08/2014 - 15:28 | 4525416 StychoKiller
StychoKiller's picture

Not only that, but Heroin and Coke are never 100% pure, they're usually stepped on multiple times.  So, if Silk Road was selling 100% pure Smack or Coke, then yes, you're gonna pay a lot more!

Fri, 03/07/2014 - 21:40 | 4523714 prains
prains's picture

thanks for supplying absolutely nothing to the discussion National Festuring now please go change your diaper it smells

Fri, 03/07/2014 - 21:06 | 4523617 ShrNfr
ShrNfr's picture

It is going to be a while before that comes on line. The short term matters in the short term as they say.

Fri, 03/07/2014 - 21:22 | 4523656 Bastiat
Bastiat's picture

Subtle these days, aren't they? 

Fri, 03/07/2014 - 21:53 | 4523717 Urban Redneck
Urban Redneck's picture

Are you really that naive?

1) The contract (which was signed with the "previous" kleptocrat) was for $350 million in exploration over 2-3 years. If commercially viable product can be extracted they might be willing to invest up to $10 billion after that.

2) Russia has already stated that in the event of US sanctions that expropriation of US investment in Russia is on the table. Now if the over 7 billion that Chevron is currently spending in Russia (http://www.chevron.com/countries/russia/) is the bargaining chip... How anxious do you think Chevron is to start drilling without the Kremlin's permission?

(BTW - the CPC pipeline supplies oil from Chevron's 50% stake in TCO in Kazakhstan (which is commencing 2nd stage after already producing over 2 billion barrels, so losing access to that pipeline is a much bigger issue than it might appear by just reading the country fact sheet).

Sat, 03/08/2014 - 00:23 | 4524185 Seize Mars
Seize Mars's picture

Redneck

I'm not sure I understand your post. Why am I naive? I dont think the points you made are contradictory to my post at all. Can you clarify?

Sat, 03/08/2014 - 07:20 | 4524558 Urban Redneck
Urban Redneck's picture

How (or why) is that contract actually important? Chevron isn't going to bite the hand that feeds it, and even if we had still had functioning equity markets, the $350 million commitment is a drop in the bucket on Chevron's financials. In the interim, the "government" has signed away exploration rights that aren't even going to provide jobs for the local hookers in the foreseeable future, unless they revoke the Chevron contract and start the process all over again.

Tue, 03/11/2014 - 08:38 | 4533890 Urban Redneck
Urban Redneck's picture

I may be jackass, but I freely and openly admit when I am wrong. Ironically, the Chevron contract is important for the exact reason I said it was unimportant -- BECAUSE IT IS GOING NOWHERE, since the "revolution". (and a 96% monopoly by Ukrnafta is maintained)

29 December 2011

Kiev – Ukrnafta PJSC (UX: UNAF, hereinafter “Ukrnafta” or “the Company”) has finalised the oil and gas upstream capital investment plan for 2012.

The plan aims to stabilise Ukrnafta's production in 2012 and lay the foundation for production growth in subsequent years through the application of modern oil field development technologies and operational practices implemented within a disciplined approach to capital allocation.

The 2012 investment plan emphasizes a more extensive use of modern technologies, such as horizontal drilling, hydraulic fracturing, 3D seismic data acquisition as well as measures aimed at optimisation of field management at the Company's existing asset base. The key building blocks of Ukrnafta's upstream capex plan for 2012 include:

• Drilling. In the next twelve months, Ukrnafta will start drilling a minimum of sixteen new oil wells, including nine horizontals – a total investment of at least UAH 425.5 million. The plan will also support the company's gas production via a number of new gas-condensate well projects and additional volumes of associated gas to be produced from new oil wells. Timely implementation of the drilling programme will depend on passing the existing land allotment procedures, which process has already started.

• Hydraulic fracturing. In 2012, Ukrnafta intends to frac more than 80 oil wells compared to 46 in 2011. The majority of the frac program will be carried out utilising the company's own fraccing fleet, with the remainder being larger fracs to be performed by international contractors. The program will also include fraccing some gas and gas condensate wells. The Company intends to invest in improving the operational ability of its current fraccing fleet to meet the increased work program.

• Field management optimisation. The Company recognises that there is considerable potential to improve production by optimising the existing management of its fields. The 2012 plan includes all measures necessary to improve the quality of the workover process and time taken to work wells over, optimise the use of artificial lift systems and water-flooding.

• Seismic data acquisition. The Company plans to significantly increase its investment in 3D seismic data acquisition with nine projects planned for 2012. Such surveys are crucial to better understand the geology of Ukrnafta's fields. The Company will be acquiring modern reservoir modelling software to ensure that it can fully utilise the 3D seismic data. Investments in Geology and Geophysics area will also include acquisition of modern hydrocarbon reservoirs modelling software.

• Equipment / other projects. The company intends to modernise a minimum of two existing Uralmash 3D heavy drilling rigs and acquire access to a modern mobile drilling rig that would be more suitable for the company’s shallower fields. The 2012 Upstream capital investment plan also provides for 52 construction projects necessary to support Ukrnafta's operations.

The Company is currently considering options of collaboration with technological and financial partners where necessary to implement some of the above projects in the most efficient way.

David Sturt, Head of Upstream at Ukrnafta, noted: "The quality of oil-producing assets is determined not only by their geological characteristics, but also by the level of technology used to operate them. To unlock the upside existing at Ukrnafta, we will apply production methods that are the most appropriate for the current life cycle stage of our assets. Over the last ten years, many other companies in the former Soviet Union region went through similar changes, and we just need to properly apply this experience."

http://www.ukrnafta.com/en/media/press_releases/show/18

Fri, 03/07/2014 - 22:25 | 4523868 whatthecurtains
whatthecurtains's picture

Chevron?   Hell when XOM makes a deal then wake me up.

Sat, 03/08/2014 - 00:22 | 4524182 Seize Mars
Seize Mars's picture

whatthecurtains

Uh, are you aware of the fact that they are they same thing?

Sat, 03/08/2014 - 18:16 | 4525802 foofoojin
foofoojin's picture

Shale fields are in the far western region of Ukrian.  Russia wants the port and already has oil/gas.  The shale fields mean nothing to russia. EU wants the oil and cares not about the port. Port mean nothing to the EU. so allow the split and everyone happy? Nope.

 

If Ukraine has energy and port than they no longer need the EU or Russia.  so they fight for independence from both the  EU and Russia. 

 

What we see is slight of hand. both parties acting as if they fight each other realy while working together to keep Ukraine from gaining economic indipendence.

Fri, 03/07/2014 - 21:03 | 4523609 A Lunatic
A Lunatic's picture

I want in on the class action law suit, lol.......FWIW you can get 'street value' drugs anywhere; privacy and anonymity is what costs extra........

Fri, 03/07/2014 - 21:08 | 4523614 fxrxexexdxoxmx
fxrxexexdxoxmx's picture

I just want to find some heroin right now. Anyone got any? I got gold Bitchez....

Fri, 03/07/2014 - 21:07 | 4523618 Ignatius
Ignatius's picture

The banking system launders $300+ billion/yr in illicit drug profits.

The CIA, etc. sees that it goes where they want it to flow.

And we're talkng about retail pricing?

Fri, 03/07/2014 - 21:37 | 4523702 cynicalskeptic
cynicalskeptic's picture

Funny how heroin supplies were tight when the Taliban were running Afghanistan and now afte a decade of US involvement there's an 'epidemic' of heroin use in the US (Europe too) ........

We can't 'afford' to bring back all this military equipment in Afghanistan so it's being left there......  I guess all those transports are too busy carrying other 'stuff' - following a pattern seen before in Vietnam, Central America and elsewhere...

the hypocrisy.... OF COURSE all the CIA et al must be kept secret - for 'naional security' reasons... otherwise all the Presidential Pardons needed might be an embarassment (Iran-CONTRA redux)

Fri, 03/07/2014 - 21:47 | 4523737 Ignatius
Ignatius's picture

Sibel Edmonds in her Gladio series of interviews with Corbett says the Afghan heroin production did not fall under the Talaban as commonly believed, though shipments apparently dried up in the months prior to 9/11.  Haven't heard a good explanation yet as to why.

Sat, 03/08/2014 - 02:56 | 4524400 trader1
trader1's picture

a combination of drought and a ban on opium production in the taliban-controlled areas:

https://www.unodc.org/pdf/publications/report_2001-10-16_1.pdf

http://www.nytimes.com/2001/05/20/world/taliban-s-ban-on-poppy-a-success...

 

 

Sat, 03/08/2014 - 10:25 | 4524742 DblAjent
DblAjent's picture

Dude, friggin +100! Why can't people see the obvious?

http://www.veteranstoday.com/2013/04/16/rumored-dead-black-ops-nsa-cia-g...

 

Fri, 03/07/2014 - 21:06 | 4523619 Seize Mars
Seize Mars's picture

Anyways, I am no dope expert, however it seems to me that commodities are all about deliverability; if the source is far away from the consumer then the price will be higher. (I am curious as to who in their right mind would sell dope on a website, but hey, whatever.)

Do "street prices" imply local sourcing? Does web trafficking imply far-away sourcing?

By the way, here is a picture of some US Marines guarding poppy fields in Afghanistan:

http://www.motherjones.com/files/images/soldierspoppies.jpg#marines%20%2...

Do you think that the US government has any hand in drug trafficking? What would tip you off?

Fri, 03/07/2014 - 21:09 | 4523629 A Lunatic
A Lunatic's picture

If you really want a pricy trip, try the Hopium........

Fri, 03/07/2014 - 21:32 | 4523685 krispkritter
krispkritter's picture

I got it backwards...I thought the Hopium was free? Oh, now I get it, unless you're a slave, er, taxpayer that is...

Fri, 03/07/2014 - 21:43 | 4523729 cynicalskeptic
cynicalskeptic's picture

Do you think that the US government has any hand in drug trafficking? 

 

That depends on who exactly you think is 'the US Government'.........

BTW - raising such questions may lead to suicide (with 2 bullets in the head)

Fri, 03/07/2014 - 22:20 | 4523851 Gunfighter17
Gunfighter17's picture

Those Marines are not guarding that poppy field...they're on patrol.  Now the overall objective of why they are in Afghanistan or more specifically the objective of that particular patrol I can't tell you, but I can assure you they are not "guarding" that field.

Sat, 03/08/2014 - 00:34 | 4524216 Seize Mars
Seize Mars's picture

Gunfighter17

Ok so they are "on patrol" in that poppy field. And when some unauthorized poppy harvester takes the poppies, what are they going to do with those AR-15's? Drop them and run?

By the way the AR-15 is for fags.

Actually, I am curious as to why you say "I can assure you" they are not guarding the field. Are you a US Marine who goes on patrol in poppy fields? Seriously, I am asking. Do you think a US Marine would never do anything "bad?"

EDIT: On second look, in the picture, AssholeUnconstitutionalOrderFollower#1 is obvious carrying some heat, not a faggy AR-15. I'm not sure about AUOF#2, but the rest are obviously homosexual, and not in a good way.

Sat, 03/08/2014 - 01:43 | 4524333 fourZero
fourZero's picture

Looks like an M249 SAW.  The bigger question is, what is your point?

 

Do people actually still use the word "fag" in the pejorative?  I can honestly say I haven't heard anyone say that in a number of years.

Sat, 03/08/2014 - 09:34 | 4524675 Agstacker
Agstacker's picture

I use the word "fag" for people with loud mufflers.

Sat, 03/08/2014 - 11:04 | 4524833 Seize Mars
Seize Mars's picture

I was just trying to be an ass.

Sat, 03/08/2014 - 11:52 | 4524932 SmackDaddy
SmackDaddy's picture

just listen a little closer as you walk away from a conversation..... fag...

Sat, 03/08/2014 - 03:57 | 4524443 maskone909
maskone909's picture

What are you a gun snob? Ar gets the job done

Sat, 03/08/2014 - 11:19 | 4524853 Seize Mars
Seize Mars's picture

All joking aside, I am actually not a fan of the AR system. I think it's delicate and prone to overheating. The direct impingement thing is a bad idea. Furthermore, the concept of the "kinetic energy" argument is weak. That is, the mass of the bullet is relatively small and the velocity is very high - this is supposed to tranfer a lot of kinetic energy into the target. However the round can be stopped by (in some cases) fucking drywall. I don't want to be in combat with a system like that.

I would prefer this:

http://en.wikipedia.org/wiki/M1_Garand

That's what they give you when they actually want you to win a war.

Sat, 03/08/2014 - 08:40 | 4524619 Urban Redneck
Urban Redneck's picture

The MCWP equivalent of FM 3-21 & FM 7-92

(there is actually are several manuals which detail how to take a leak or shit)

The Marines are moving through the field, not guarding it.

Would you prefer the Marines to play the World's Policeman and drop whatever they are doing to track down the owner or operator of the field and throw them in Bagram prison with a mandatory minimum sentence for violating a US law in Afghanistan?

If so, there are probably a ton of neo-con apparatchiks who would love to employ you.

Sat, 03/08/2014 - 11:18 | 4524862 Seize Mars
Seize Mars's picture

What the fuck are you talking about? Leaking and shitting? What!?

How did you get to me being the world's policeman, and being a neocon apparatchik? Let me make this clear. I will type slowly so you can understand me.

The US Government is the world's biggest dope dealer. They use Marines to do dope dirty work.

In my view, that's bad and wrong. Do away with prohibition and the crime stops. Are you starting to follow?

All that's necessary, is to get the US Marines to stop obeying unconstitutional orders. But that would take REAL courage, and they obviously don't have any.

 

Sat, 03/08/2014 - 12:44 | 4525028 Urban Redneck
Urban Redneck's picture

I hate to suggest this, but perhaps you should smoke a joint -- it might broaden your perspective.

NO ONE who has ever served in ANY ARMY, anywhere in the world, would look at that picture and think those soldiers are guarding that field. That's how intellectually bankrupt and practically inexperienced the clowns at Mother Jones are. If you want to know what "guarding a field" looks like refer to any the manuals mentioned in my previous post (The DoD's collection of Manuals puts Apple's collection of Apps to SHAME)

About a quarter century ago, when the Russians were bogged down in Afghanistan, the largest drug dealer (and key element of the Afghan opium/heroin supply chain management paradigm) lived in big a palatial compound right on the the main road running from Islamabad through Murree to the Afghan border. Both the Russians and Americans new this, and nobody did anything about it.

"Your can pick your friends, and you can pick your nose, but you can't pick your friend's nose." The US has historically performed very poorly at even picking its friends. For over 13 years, US has averaged fewer than 200 casualties per year in Afghanistan, that would not be possible if they also picked a fight with the drug lords. There is an argument that could be made regarding a "moral obligation" to battle the drug dealers, which unfortunately opens the door to MOAR wars. There is also an argument that by increasing US casualties, continued domestic support for a presence in Afghanistan would decline, however, that one went out the window with the election of BHO.

The decisions regarding who to pick a fight with Afghanistan are not made at the platoon level. The colonels and generals who cut deals with the major local tribal chiefs/gangsters have to basically look the other way in regards to the tribal chiefs' principal revenue stream, if they want to keep their own casualties down, much less elicit any support against their declared enemy.

If you are looking for active, as opposed to incidental, support of the drug trade, I would look to where the US MIC has a smaller footprint and at least equally large interests to pursue (e.g. Venezuela and Mexico) because that's where the truly devilish bargains are made.

Regardless, those Marines aren't guarding that field, and interfering with what naturally happens in that field is both tactically stupid and MOAR INTERVENTIONIST than the US already is, so if those Marines are stuck in that field in Afghanistan, what exactly should they be doing that they aren't? "Unconstitutional orders" is a bit vague, since nothing happens in the military without generating a huge paper trail and IF there have been unconstitutional orders there is plenty of documentary evidence.

Sat, 03/08/2014 - 14:12 | 4525242 Seize Mars
Seize Mars's picture

Ok let me get this straight.

You are unclear on whether or not the Marines in that picture, or anywhere else on foreign soil, are following unconstitutional orders? Seriously?

You actually think that it's "constitutional" for US Marines to be "on patrol" in Afghanistan right now? Please enlighten me on your official position here, before I launch into a thorough dissection of your above post as being insane.

Sat, 03/08/2014 - 16:15 | 4525482 Urban Redneck
Urban Redneck's picture

Public Law 107–40 is still on the books.

Sat, 03/08/2014 - 21:38 | 4526553 Seize Mars
Seize Mars's picture

Ok, so as long as it's a law, it can't be unjust, immoral or unconstitutional. Right?

Are you clear on the fact that everything the Nazis did was "legal?"

Sun, 03/09/2014 - 08:39 | 4527238 Urban Redneck
Urban Redneck's picture

Legality and morality are two very different frameworks. You picked legality, not me. Moving the goal line 98 yards closer to you is not the same as scoring a touchdown.

And actually everything the Nazis did was not legal, contraventions of jus gentium/lex naturalis, jus cogens, and jus inter gentes can easily be found, it was out of expediency and a desire for MOAR globalism/imperialism that the process at Nuremburg was reduced to a procession of monkey trials.

Sun, 03/09/2014 - 22:04 | 4529218 Seize Mars
Seize Mars's picture

Let's get this straight: the Constitution of the US says that wars are declared by congress. Has congress declared war since WWII? No.

So why are those morons walking around in a poppy field in Afghanistan?

Is it made OK by public law 107-40?

So the constitution is more of a guideline?

Sun, 03/09/2014 - 22:05 | 4529234 Seize Mars
Seize Mars's picture

Actually, don't bother replying, I can't take it. Just fuck off.

Mon, 03/10/2014 - 10:42 | 4530252 Urban Redneck
Urban Redneck's picture

PL 107-40
Section 2
(b) WAR POWERS RESOLUTION REQUIREMENTS.—
(1) SPECIFIC STATUTORY AUTHORIZATION.—Consistent with section 8(a)(1) of the War Powers Resolution, the Congress declares that this section is intended to constitute specific STATUTORY AUTHORIZATION within the meaning of section 5(b) of the War Powers Resolution.

Read the War Powers Act, that term has a very specific meaning.

Sat, 03/08/2014 - 09:30 | 4524671 sleigher
sleigher's picture

Those soldiers may be moving through that field, but we do protect them.  

 

http://www.canadafreepress.com/index.php/article/12707

https://www.youtube.com/watch?v=HNqIrDKnNE8

 

"We provide them security"

 

 

Sat, 03/08/2014 - 11:22 | 4524873 Seize Mars
Seize Mars's picture

sleigher

Doesn't it just make you sick?

Sat, 03/08/2014 - 12:23 | 4525003 sleigher
sleigher's picture

Absolutely.  So funny the war on drugs.  The Taliban probably did more for the war on drugs than the US ever has.  They actually cleaned up Afghanistan.  

On the other hand I actually believe in legalization for adults.  Personal freedom/responsibility and all that.  Besides, I hate paying for all those prisons for pot heads.

Fri, 03/07/2014 - 21:10 | 4523632 crunchyfrog
crunchyfrog's picture

You're not correcting for quality, The stuff on the streets of VT and NH does not come close to the medical grade stuff available on SR.

Fri, 03/07/2014 - 21:25 | 4523668 Sabibaby
Sabibaby's picture

Yeah it does... It's a shame anyone needs to use Silk Road to by the stuff!

Fri, 03/07/2014 - 21:29 | 4523675 CH1
CH1's picture

It's a shame anyone needs to use Silk Road to by the stuff!

Why? They should deal with thugs in alleys, rather than rated online sellers?

Fri, 03/07/2014 - 21:37 | 4523701 Sabibaby
Sabibaby's picture

They should be able to go down the street to a local shop and pick out their favorite flavor, just like coffee.

Fri, 03/07/2014 - 21:56 | 4523763 CH1
CH1's picture

Fair enough. :)

Fri, 03/07/2014 - 21:39 | 4523704 krispkritter
krispkritter's picture

I think if legalized locally, ie. Colorado. SR would fulfill the purpose of anonymising its use, serving sectors not supplying it locally, and/or opening up the market to prevent monopolization/stagnation.

Fri, 03/07/2014 - 22:21 | 4523854 MeelionDollerBogus
MeelionDollerBogus's picture

Stupid people can do what they want. I trust the alley-rating. It's backed by something tangible: those who rip people off get shanked and don't tend to come back for a while, if ever. Keeps the system more honest. Survival of the fittest.

Fri, 03/07/2014 - 21:11 | 4523635 Izznogood
Izznogood's picture

A lot of stuff sold on The Silk Road (electronics of different kinds for example) could be bought via Amazon at much lower prices.

Fri, 03/07/2014 - 21:23 | 4523659 A Lunatic
A Lunatic's picture

Those inclined to use SR are not primarily concerned with pricing.......

Fri, 03/07/2014 - 21:25 | 4523642 SameAsItEverWas
SameAsItEverWas's picture

Amazing that a "finance site" doesn't understand how markets set prices.  Look up multi-attribute utility theory and decision theory per Tversky.

Silk Road had an Ebay/Amazon-styled rating system.

Anyone who has ever bought drugs on the street knows it's a risky endeavor, for all involved, and ripoffs abound.

Ever heard of oregano being sold as pot?  Sometimes the give-away is that instead of the usual 4 or 5 grams, they're giving you a full 7 grams of glue-sprayed oregano as your "quarter ounce."

Everything equal, higher quality and "full weight" fetches higher prices.

Everything equal, less risk of arrest from buying from a stranger on the street warrants higher prices.

Everything equal, less chance of being ripped off by a street dealer selling fake drugs warrants higher prices.  If a street dealer needs to beat a rap, he might be working with cops to nab out-of-towners driving fancy cars which can get seized incident to arrest.  If a drug package from Silk Road somehow gets intercepted en route, the most the buyer can lose is the purchase price.  But buying heroin on the street driving a new car can lose you that car.

Peace of mind?  Priceless! 

Fri, 03/07/2014 - 21:29 | 4523674 Sabibaby
Sabibaby's picture

Soon it will get to the point that selling an oz of oregano is more expensive than selling an oz of marajuana. With it becoming legal everywhere it would only be middle schoolers who are fooled by that scam and you know what? They should be scammed if they're in middle school trying to buy pot.

Fri, 03/07/2014 - 22:19 | 4523843 MeelionDollerBogus
MeelionDollerBogus's picture

not sure if I'd have much peace of mind getting something I've never touched and hoping it's legit. At least in the street I can shank the stank trying to rob me and I can inspect it before I buy. If the dealer doesn't like it he/she can go home with "product" and no cash (or Tide).

Fri, 03/07/2014 - 23:08 | 4523977 mumbo.jumbo
mumbo.jumbo's picture

pay more attention, the key concept in his comment was reputation.

 

online BTC based markets are not anonynous but pseudonymous.

Sat, 03/08/2014 - 04:16 | 4524458 dark pools of soros
dark pools of soros's picture

most commentors here are already brain fucked on Drudge

Sat, 03/08/2014 - 11:41 | 4524909 Woodhippie
Woodhippie's picture

I don't see why people rip on Drudge, it's simply a repository for headlines.

Sat, 03/08/2014 - 06:04 | 4524512 MeelionDollerBogus
MeelionDollerBogus's picture

I'm paying attention but 2 key factors are missing:

#1 I can't make the bitcoins come back to me, I can grab my dollars, silver or Tide back

#2 I can't shank the fucker for a rip-off over the Internet. That's how things are settled by ripoffs in the alleys. Or maybe a nice shattered kneecap. It's an economic service. Not only do you recover your goods but everyone sees a clear sign that person was caught before and if you kneecap 'em they can't run so fast next time so the chance to keep re-offending is greatly reduced.

Fri, 03/07/2014 - 21:30 | 4523678 syntaxterror
syntaxterror's picture

Totally unreadable chart. But it looks good.

Fri, 03/07/2014 - 21:35 | 4523692 A Lunatic
A Lunatic's picture

view, zoom, Ctrl++

Fri, 03/07/2014 - 22:18 | 4523838 MeelionDollerBogus
MeelionDollerBogus's picture

is your brain unable to handle multiple dimensions? I found it completely readable and a nice change from the drab charts we usually see.

then again, when I post highly useful, readable scatterplots like this http://flic.kr/p/f17z1s or this http://flic.kr/p/ikyjpz I get -1's as well.

Probably because dummies can't read charts & the majority of people are dummies no matter the cross-section of society.

Fri, 03/07/2014 - 22:37 | 4523899 syntaxterror
syntaxterror's picture

Have you ever heard of a bar chart? Do you realize why those charts exist? Take a bar chart, plot in a circle on opposing axis. Real fucking useful dickmunch.

Sun, 03/09/2014 - 03:06 | 4524510 MeelionDollerBogus
MeelionDollerBogus's picture

So I guess that answers my question: your brain can NOT handle it.

That's why you can't handle the scatterplots either.

You're just not smart enough to input the data. No wonder you fuckers complain about losing money in "rigged markets" and do stupid things like declare linear "support" and "resistance" fictional narratives.

It's like a bunch of guys slapping each other on the back saying "we'll get 'em next time!" who are all fat & ready to have heart attacks who actually tried to play a baseball game against a real Major League team. As if you ever stood a chance. You have nowhere near the personal ability to enter this arena.

Just got something in the mail from Horizons ETFs, the ones that manage HVU. It's not a prospectus but says to go read it & advises they aim for their ETF to be daily updated +200% or -200% depending on the fund (some are bull, some are bear).

HVU and UVXY (not from Horizon) move -11x inverse to the market beause they track volatility, not the underlying price of market indexes. Sounds like they don't expect you to do the math either: http://flic.kr/p/iwHcZZ

Last I checked HVU 1/11 x SPY went far above the 219 trend constant and hit 225.597. That puts HVU shares at a 32% premium to the trend, meaning, they should have dropped far enough down with the record levels of SPX,SPY ETF, that a 1.32 factor is required to bring the lower share price up to the close price.

What's handy is that over the time involved even the FX ratio of USD/CAD hasn't disrupted the trend.

HVU is in Canadian $ being TSX-listed while SPY,DIA, SPX & Dow obviously are US dollars. The information I was mailed indicates they'll try to trade such that the re-balancing compensates for the currency ratio. Well, good for them. It's not like it matters if you only break-even, it certainly won't matter if you lose, and it sure as hell won't matter if the market crashes & the ETF goes 11x the other way (power 11, not ratio 11).

That value, by the way, is 16,844.83 as 225.597 x75 on the last chart.

To reduce reality to just bar-charts, to just 2 dimensions, is mentally primitive. The world of risk & complexity is never that simple & to assume it is, and always linear, is like pretending all roads are perfect grids with perfect surfaces for traction & no one ever breaks the traffic rules. Assinine.

This is a rigged market full of cheaters. If you can't out-guess the cheaters you have no business being at this poker table.

Sat, 03/08/2014 - 14:22 | 4525267 Seize Mars
Seize Mars's picture

Bogus

Actually those charts are tits. Nice work.

Sun, 03/09/2014 - 02:59 | 4527071 MeelionDollerBogus
MeelionDollerBogus's picture

I always try to do my breast.

I have some on for USLV as well. The entire flickr page there is mine so I upload there now. I used to do youtube videos (ytgv3fc7) but it seems a waste now. Slides + music that may get flagged for copyright... why bother. I can just upload slides to flickr.

Fri, 03/07/2014 - 21:34 | 4523690 Atomizer
Atomizer's picture

Is This A Stolen Goods Marketplace?

 

Some of you know, Karl and I have a love/hate relationship over PM’s. He has made a good point about eBay. Bravo Karl. Blows a fart your way. Winks.

Fri, 03/07/2014 - 21:41 | 4523718 Ignatius
Ignatius's picture

I say "Hey Karl, you think there's a pattern?"

 

Fri, 03/07/2014 - 21:57 | 4523759 Atomizer
Atomizer's picture

He knows. The pattern is allowing this shit to happen within the corporate cronies, then the government idiots declare control of the internet under reform measures. All pre-planned to help the non-thinkers pay taxes when buying goods & services on all internet purchases. Obamacare part II ponzi scam.

Fri, 03/07/2014 - 21:36 | 4523699 Kirk2NCC1701
Kirk2NCC1701's picture

Yo, where's Walter & Jesse's Blue Meth, Bitchez!?

Fri, 03/07/2014 - 22:01 | 4523776 22winmag
22winmag's picture

What the hell is an exotic race car like DMT doing next to clunky old Model-T's like cocaine and heroin?

Fri, 03/07/2014 - 22:06 | 4523793 MeelionDollerBogus
MeelionDollerBogus's picture

wow, by being so lazy & cowardly I don't meet a real street dealer and I don't even use real money for the transaction, using bitco1n inst3ad, I can haz twice the price to pay?

Sign me up d00d!!

Fri, 03/07/2014 - 22:13 | 4523821 toady
toady's picture

It's the same kind of deal with pot legalization. The more government & corporate-type entities get involved, financing petitions, working legislation, providing money to open storefronts, the higher the prices go.

Sat, 03/08/2014 - 12:39 | 4525015 Hongcha
Hongcha's picture

Toady, there are other factors probably more dependent upon geography and local politics.  Cannabis prices in No. California have dropped substantially, or at least had no pricing power upwards, mainly because there are so many growers and to some extent because the risk premia has been lessened.  The clubs in S.F. are cheaper than the street, like say around Civic Center which is one of the outdoor markets, mostly run by AA's making a buck hustling the grass they buy quasi-legally in the clubs to people who haven't got around to getting a card.

I am certainly not defending .fed or big ag.  We are enjoying the Renaissance as far as legal cannabis goes because the monoliths have not joined the party just yet.  These days are numbered because the tax return generation in CO will make broad-based legalization very difficult for state governments to resist.  Look for more involvement by the pigs.  Enjoy while it's here and open on the street, "rest assured this will not last."  All imvho.

Sat, 03/08/2014 - 13:13 | 4525096 Emergency Ward
Emergency Ward's picture

Enjoy it while it lasts is right on, before BIGAGPHARMA cronyists wrest control.  Small independent growers will be regulated out of business.  The "Please Tax My Pot" imbeciles will rue the day when they begged the govt to tax (and regulate) the industry.

What is really ironic is they pushed the idea of taxing medical pot.  Now, get this, in Cali land prescription drugs HAVE NO SALES TAX.

Fri, 03/07/2014 - 22:31 | 4523883 americanspirit
americanspirit's picture

China was directly behind most of the heroin trade supplying US soldiers in Vietnam - what makes anyone think that anything has changed? Silk Road? Right in your face, much?

Sat, 03/08/2014 - 12:37 | 4524964 Hongcha
Hongcha's picture

It wasn't the commies, americanspirit; it was the ex-Guomindang (Chiang Kai-Shek's Republican army) soldiers who fled into No. Thailand in 1949.  They ran the heroin trade out of the Golden Triangle.

See, e.g., The Politics of Heroin in Southeast Asia by Alfred W. McCoy.

Sat, 03/08/2014 - 01:24 | 4524308 krugergate
krugergate's picture

DMT now that I would pay a price to try...read the book the spirit molecule...aka the god drug

Sat, 03/08/2014 - 04:19 | 4524460 dark pools of soros
dark pools of soros's picture

you dont do DMT...  it does you

Sat, 03/08/2014 - 10:17 | 4524727 loregnum
loregnum's picture

How is this the Amazon of illegal drugs when Amazon is almost always cheaper than the "street" which I'd guess would be b&m stores in that case?

Sat, 03/08/2014 - 11:29 | 4524870 Clycntct
Clycntct's picture

????? Is it my lying eyes or am I just fkd up as usual.

All the prices I see are showing cheaper on SR? 

Somebody clue me in please

 

Ok 3 of the 6 are lower and 3 are higher? I was just kinda fixated on the coke.

Sat, 03/08/2014 - 11:53 | 4524934 SmackDaddy
SmackDaddy's picture

i got cocaine weed and amphetamines...

Sat, 03/08/2014 - 12:25 | 4525007 sleigher
sleigher's picture

Buds and doses, buds and doses...   for anyone who has walked upper haight...

Sat, 03/08/2014 - 16:51 | 4525534 SmittyinLA
SmittyinLA's picture

Bitcoin is a classic pyramid scheme, with one twist, an encrypted math distraction combined with money laundering.

 

BTW pyramid schemes still come back to sucker dupes that don't know history.

Sat, 03/08/2014 - 16:53 | 4525541 SmittyinLA
SmittyinLA's picture

Theres a convenience to having your smack arrive in the mail versus driving downtown.

Do NOT follow this link or you will be banned from the site!