Let's talk about this "Egypt move" and today's iron market fiasco. I’m not just mad about the iron or this particular situation, I'm annoyed by the completely arbitrary rules governing our economy.
Let's be real: this isn't Wall Street, and we don’t have an SEC. In a sandbox game, the only true way to generate alpha is through price manipulation and the classic pump-and-dump. Banning that while refusing to define the actual red lines is absolute nonsense!
And don't even get me started on the half-baked logic of strategic reserves. You allow states to hoard goods, but suddenly it's a problem if they try to flip those reserves for a decent profit? That introduces a level of RNG uncertainty to the rules that just sucks the fun out of trading.
If you're going to micromanage my profits anyway, at least let me ruin my state's economy the fun way: by accidentally liquidating my entire GDP on 100x leveraged futures.
We're running sovereign states here, not a charity. What is the point of a 'strategic reserve' if I can't weaponize it to aggressively dump on my enemies when they're desperate?
Here is the bottom line. Either install a genuinely neutral trade commission where we can appeal, sanction, and deploy real geopolitical tools like embargos and tariffs, OR give us the financial instruments to actually play the market. Give us leveraged trades, options, and futures. If you want to regulate us like we’re trading at the CME, then give us the CME toolkit!
Pirate out! 🦜🏴☠️
Sorry no fancy pictures I'm pissed.