Operation Saylor - Episode 4/120

Hi again and welcome to another episode of the Operation Saylor. This is update number 4, corresponding to October 2022.

If you are reading this for first time, you might want to check Episode 1, where my plan and details are explained. That will get you in context.

Charts

A couple of weeks ago I watched the movie The Big Short again. It had been a long time since I last watched it and I believe I appreciated it much more this time. The movie does a great job of covering the unethical behaviour of the current financial oligopoly, the complicity of regulators and rating agencies, the ignorance of the common folks and just how rigged the game is. The final scene with Mark Baum surrendering is a sad portrait of how impossible it is to change things from the inside, hence why we need to [opt-out](? t=801). It's a great reminder of why we are here. Came for the greed, stayed for the freedom.

I also had the pleasure of watching the movie with a no-coiner who isn't particularly financially literate. We took it slow and stopped the movie whenever it was necessary to better explain the ins and outs of what was going on. It was a great way to do a bit of sparring in terms of describing the issues with the current financial system in simple ways. Ideas such as how the ratings are bullshit, how banking licenses like ISDA keep us outside the big club, how banks are filled with characters like Vennett and Chau who don't give a flying fuck about anything but their bonuses. After the movie ended, the no-coiner, in total shock and anger, asked me: "Why did no one explain this to us back then? Why am I finding out more than a decade after that all of this happened?". The attitude was a great, fertile soil for orange pilling.

I knew the mission had been a success when the same person messaged me a few days later regarding the Bank of England's intervention of the gilt market. Angry as hell once more, he asked: "This is the same stuff as in the movie right? The bankers are getting the bailout and we will all pay for it?".

I encourage everyone to be grateful that now we have an option to opt-out and middlefinger the central bankers and their cronies. Unlike when the Great Financial Crisis took place, this time you are not doomed to simply watch how you get fucked in the ass. Will you simply watch again? Or will you step up and fight back?