Newark airport currency exchange terminal c
CDN to MEX Exchange
2023.05.31 22:03 thegravyd CDN to MEX Exchange
Canadians that have travelled to Playa, have you found it better (as far as rates go) to exchange your currency at home (bank or airport) or use the exchanges in Playa? Additionally, I don’t think we can use debit? But Visa or Mastercard / credit is okay? Thanks in advance!
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2023.05.31 21:19 LincHamilton The Banano daily jungle discussion
Monkeys assemble for this jungle gathering where we discuss anything ranging from Banano to bananas.
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For any price discussion please head over to
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2023.05.31 18:23 k819799amvrhtcom Self-Imposed Videogame Challenge: Trans Ally Edition!
TL;DR (spoilers): You, and anyone who wants to try the challenge with you if it's a multiplayer game, are a trans ally, and your job is to collect $25,000 or the equivalent thereof in in-game money (rounded up to the next smallest divisible part) for your transgender friend's transition in less than 31 in-game years. Everything is allowed. You do not have to finish the game. Want a new and interesting way to play your favorite videogame? I got one with a transgender theme that is interesting, challenging, easy to implement, and compatible with almost any videogame, so it's
a Mario challenge,
a Pokémon challenge,
a Minecraft challenge, and so on and so forth, all at the same time!
The Plot
You, and anyone who wants to try the challenge with you if it's a multiplayer game, are a trans ally, and your job is to collect money to pay for your transgender friend's transition. You win by acquiring enough in-game money. You are allowed to consult the internet, use passwords from the internet,
commit in-game crimes, purchase microtransactions,
abuse glitches, use cheat codes, and even hack the game to reach your goal, but is it really worth the effort? You are kinda expected to use the easiest way to win the challenge that you know of.
The Rules
Rule #1: You have to get the money you need for a transition. In order to make the challenge less boring for you, I did the research for you and came to the result of
$25,000. However, this value might change if you try out this challenge in the far future, meaning that this challenge technically changes depending on when you attempt it. The value is expected to rise even further with inflation, or perhaps it might be reduced with the invention of more efficient surgery techniques. If the USA ever starts getting the universal healthcare system or a societal breakdown makes these surgeries impossible, this challenge will refer to the cost of the legal name & gender change, instead. And if that also ever becomes free then just choose a different country where it isn't free yet. But this is not going to change anytime soon (When do you think this challenge will become obsolete?) so, for now, you just have to remember to collect $25,000 in in-game money. This applies to every game that uses $ for in-game money. If the game uses £ or ¥ or € or any other real-world value, you'll have to convert it.
Here's an online tool for converting currencies, which also supports various cryptocurrencies and custom rate dates. If the maximum amount of in-game money you can hold at once is less then the challenge is simply impossible.
This only applies to non-videogame currencies. Rule #2: If the in-game currency is fictional then you'll have to convert it (rounded up to the next smallest divisible part). It's easy if you can buy in-game money
with real money, even if that feature doesn't work because of a glitch or something. Otherwise, you'll have to do some research. If you can't find any direct information on the internet, I would suggest starting
here to get a basic idea on how to calculate that. If there are multiple in-game currencies you are allowed to split the price of the transition among them in any way you want, provided you know the value of all of them. If there is no in-game currency then you are allowed to
use points instead. If the game doesn't have points either then you can try to invent a
substitute currency but it has to be something that would actually work as a substitute currency in the world you're in. If that's not possible either then the only way for you to win this challenge is to raise real money by doing a let's play of the game. But then you'll have to actually pay for a real trans person's transition (yourself included) or donate the money to transgender-related causes to actually win the challenge.
Here's a website that lets you donate for transgender causes. If
the amount of in-game money you can hold at once is less or you were unable to find out how much you need then you are also allowed to simply collect the maximum possible amount instead because
games will never ask you for more money than you can hold for a single product, meaning that this would have to be the in-game prize of a transition, as transitions are always for only a single person.
This only applies to videogame currencies. Rule #3: You do not need to finish the game. All you need to do to win this challenge is to get the money somehow. Please keep in mind that the exchange rate isn't constant. The exact amount you need to win the challenge has to be enough in the moment when you have the amount. You automatically win the challenge the moment this is the case.
Rule #4: You need to get the money in less than 31 in-game years. This number was calculated by subtracting the age at which children begin to have an innate sense of their own gender (4 years) from the average lifespan of a trans person (35 years). If the game has time-travelling elements, you are allowed to use those to extend the time limit. However, it only counts if this actually involves time itself and not just the timer. The same also goes the other way around:
Travelling into the future or even
moving in relativistic speeds will decrease the time limit. If the time limit runs out, I hope you have a way to return back to the past later!
Rule #5: If you can choose between multiple difficulty settings, you are allowed to choose the easiest one. In fact, you are expected to.
Trans people are already on hard mode and the idea of being an ally is to specifically use the possibilities given to you to help those with fewer possibilities than you. If you have the option to select an easier difficulty setting which would make it easier for you to win this challenge, use it. Even if you're already used to playing on a higher difficulty mode. Not doing so would be considered bad strategy on your part. You are allowed to choose a higher difficulty setting, but please only do so if this actually gives you some advantages, like more rewards, more levels, or faster gameplay. This challenge gives you no bonus points for selecting a higher difficulty setting.
Rule #6: Emulation, and all tricks that come with it, are explicitly allowed. Doing so might be against the law but it is explicitly
not against the rules of this challenge. The reason for this is because being transgender has been illegal for a long time and still is in many states, forcing many people to break the law in order to live their lives.
The police have historically targeted trans and gender non-conforming folks. Stonewall was a riot against police brutality. I am not advocating for doing anything illegal. I am, however, saying that you should never use the law to argue for the morality of anything trans-related, as doing so would be disrespectful towards a huge part of transgender history. Therefore, this rule will remain in effect even if being transgender ever becomes legal worldwide.
In order to make the challenge
even less boring for you, I have started researching loads of fictional currencies and how much money you would have to collect there for this challenge so you don't have to.
A Song of Ice and Fire - 19 Gold Dragons and 1 Copper Star or 39 Hands
Albion Online - 4,752,500 Gold
Among Us - 250,000 Stars
Animal Crossing - 2,625,000 Bells
Animal Jam - 69,833 Diamonds
Animal Jam - 2,688,173 Sapphires
Apex Legends - 2,500,000 Apex Coins
Arcaea - 2,550,000 Memories
Archage Unchained - 125,000,000 Coins
Arknights - 30,000 Originium
Ashes of Creation - 3,376,000 Embers
Astroneer - 2,500,000 QBits
Avatar - 166,666.67 Yuan
Azur Lane - 1,531,440 Gems
Baldi's Basics in Education and Learning - 2,500,000 You Thought Points
Banjo-Kazooie - 900 Musical Notes
BattleTech - 2,500 C-Bills
Be Funny Now! - 2,625,000 Gems
Bioshock Infinite - 715 Silver Eagles
Bloons Monkey City - 1,250,000 Bloonstones
Bloons TD Battles - 625,000 Medallions
Bloons TD Battles 2 - 13,000,000 Monkey Money
Bloons Tower Defense 5 - 19,318,182 Monkey Money
Bloons Tower Defense 5 - 150,000 Tokens
Bloons Tower Defense 6 - 17,500,000 Monkey Money
Boomlings - 93,750,000 Gold
Brawl Stars - 425,000 Gems
Call of Duty - 2,500,000 Points
Candy Crush Saga - 250,000 Gold Bars
Change - finish the game
Chronicles of Riddick - 150,000 UD
Clash of Clans - 2,500,000 Gems
Clash Royale - 2,500,000 Gems
Cookie Clicker - 300,000 Cookies
Cookie Run Kingdom - 2,500,000 Crystals
Cowboy Bebop - 13,461,539 Woolongs
Cyberpunk - 11,208,707,759 Eurodollars
Dead by Daylight - 2,500,000 Auric Cells
Demolition Man - 25 Credits
DemonCrawl - 3,125,000 Tokens
Destiny 2 - 2,500,000 Silver
Disco Zoo - 375,000 DiscoBux
Discworld - 150.00 Ankh-Morpork Dollar or 40,000 Crowns
Disney Ducks Comic Universe Volcano Valley - 2,500,000,000 Volcanovian Pezozies
Donald Duck - 1,250 Bajillion Pecos
Diablo Immortal - 1,800,180 Eternal Orbs
Disney Emoji Blitz - 219,298,000 Coins or 1,315,780 Gems
Doctor Who - 784,094 Credits
Donkey Kong - 999 Banana Coins
Down and Out in the Magic Kingdom - 83,334 Whuffie
Dragon Mania Legends - 28,470,070,000 Gold or 950,060 Gems
Dragonball Z - 50,000 Zeni
DragonVale - 500 Trunks, 1 Bag, and 1 Pile
Dune - 15,254 Solari
Dungeons and Dragons - 198 Platinum Pieces, 4 Gold Pieces, 1 Silver Piece, and 3 Copper Pieces
Dys4ia - finish the game
Egg Inc. - 17,000,000 Golden Eggs
Elite Dangerous - 31,250,000 ARX
Exoracer - 400,000 Diamonds
Fallen London - 140,000 Fate
Fallout - 1,605 Bottle Caps
Fate/Grand Order - 42,709 Saint Quartz
Felix the Cat - 12,500,000,000,000 Bakshee
Final Fantasy VII - 1,366,121 Gil
Fishing Planet - 194,159,000 Credits or 1,941,590 Baitcoins
Fortnite - 3,125,000 V-Bucks
Gaia Online - 2,500,000 Gaia Cash or 125,000,000,000,000 Gold or 12,500,000 Platinum or 125,000 Flynn's Booties
Game of Thrones - 25 Gold Dragons
Genshin Impact - 1,500,000 Genesis Crystals
Going Under - 10,000,000,000 Styxcoin
Gorilla Tag - 5,000,000 Shiny Rocks
Growtopia - 875,000,000 Gems
Guardians of the Galaxy - 10,715 Units
Guild Wars 2 - 2,000,000 Gems
GURPS - 140,108,846 Gold, 19 Silver, and 13 Copper
Halo - 57,073.82 Credits
Harry Potter - 3,401 Galleons, 6 Sickles, and 4 Knuts
Hatsune Miku: Colorful Stage - 2,916,667 Crystals
High Frontier 4 All - 1 Aqua
HoboWars - 25,000 Points
Home: Adventures with Tip & Oh - 50,283,334 Gleeblos
Honkai: Star Rail - 1,620,180 Stellar Jades or 1,620,180 Oneiric Shards
Hunter × Hunter - 2,916,667 Jenny
Hypixel - 3,375,000 SkyBlock Gems or 2,500,000 Gold or 31,250 Loot Chests
In Time - 3.259 average Gregorian years
Is It Wrong to Try to Pick Up Girls in a Dungeon? - 2,625,000 Vals
Jacksfilms - 138,889 YIAY Tokens
Jetpack Joyride - 250,000,000 Coins
Juego de Tronos - 8,966,966 Gold, 43 Silver, and 1 Copper
Kamen Rider Build - 25,000 Dollark
Keeper of the Lost Cities - 1 Luster
Kingdom Hearts - 18,797 Munny
Kingdom of Loathing - 2,500 Mr. Accessories
Kirby series - 3,125,600 Gem Apples
League of Legends - 3,250,000 Riot Points
LEGO series - 32 Studs
Limbus Company - 1,750,000 Lunacy
Lord of the Rings Online - 2,875,600 LOTRO Points or 359,425 Mithril Coins
Magikarp Jump - 1,250,000 Diamonds
Mario series exact price - 277,778 Mushroom Coins or 277,778 Koopabits
Dr. Mario World - 277,778 Mushroom Coins or 375,000 Diamonds
Super Mario 3D World - 👑👑👑 Lives and 99 Mushroom Coins
3D Mario games - 99 Lives and 49 Mushroom Coins
2D Mario games - 99 Lives and 99 Mushroom Coins
Super Mario Odyssey - 9,999 Mushroom Coins
Super Mario Land 2 - 999 Mushroom Coins
Bowser's Fury - 99 Mushroom Coins
Mario & Luigi: Mario & Luigi: Superstar Saga - play until the part where you win the bet against Prince Peasley
Mario Kart Tour - 37,500 Rubies
Mass Effect - 156250 Credits
Merge Dragons - 625,000 Dragon Gems
Minecraft - 64 Emeralds
Minecraft: Bedrock Edition - 4,250,000 Minecoins
Monster Hunter - 2,625,000 Zeni
Monster Legends - 325,000 Gems
My Little Pony: Friendship is Magic - 2,500 Bits
My Singing Monsters - 500,000 Diamonds
Narnia - 100,000 Lions
Neko Atsume - 1,875,000 Gold Fish
Neopets - 2,500,000 Neocash
New World - 25,000,000 Gold Coins
Nineteen Eighty Four - 25,000.00 Oceanian Dollars
Ninja Kiwi - 625,000 NK Coins
Naruto - 262,500 Ryō
Odd Squad - 25,000 Jackalope Dollars
One Piece - 2,625,000 Belly or 26,250,000,000 Extol
Path of Exile - 6,250,000 Chaos Orbs or 100,000 Exalted Orbs
Pixel Gun 3D - 750,000 Gems
Plants vs. Zombies 2 - 50,000,000 Coins or 250,000 Gems
Pluto Nash - 3 Hillaries
Pocket Trains - 3,000,000 Bux
Pokémon series - 999,999 Pokédollars
Pokémon Go - 1,718,750 Pokécoins
Pokémon Sword and Shield - 175,000 Watts
Pokémon UNITE - 1,531,250 Aeos Gems
Progressbar95 - 125,000 Product Keys
Ratchet & Clank - 38,462 Metal Bolts
Rebuild World - 2,625,000 Aurum
Red Dwarf - 1,308 Dollar Pounds and 25 Pennycents
Rick and Morty - 125,000 Flurbos
Roblox - 2,000,000 Robux
Rocket League - 2,500,000 Credits
Roma - 1,685,519,963 Denarius and 4 Sesterius
Sea of Thieves - 2,291,667 Ancient Coins
Second Life - 8,000,000 Linden Dollars
Shadowrun - 11,208,707,759 Nuyen or 33,626,123,276 Rubles
Slow Life in Another World (I Wish!) - 2,625,000 Nohl
Snow White with the Red Hair - 2,625,000 Dill
Sonic series - 4,556,386 Rings
Sonic Forces: Speed Battle - 2,500,000 Red Star Rings
Spaceballs - 82,667 Space Bucks
Sprawl Trilogy - 1,086,957 New Yen
Spy X Family - 8,203 Dalc and 13 Ostanian Pents
Spyro - 166,667 Gems
Star Trek - 516,235 Federation Credits or 250,000 Darsek
Star Trek (Mari) - 675,676 Renn
Star Trek (United Federation of Planets) - 12,500 Federation Credits
Star Trek: The Next Generation - 15 Bars of Gold-pressed Latinum, 15 Strips, and 6 Slips
Star Wars - 500,000 Galactic Credit Standards
Stardew Valley - 500g
Stormbringer - 186,811,795 Gold, 9 Silver, and 8 Copper
Street Fighter - 3,137 Bison Dollars
Subway Surfers - 225,000,000 Coins or 125,000 Keys
Sword Art Online: Gun Gale Online - 262,500,000 Credits
Team Fortress 2 - 10,000 Keys
Temple Run - 250,000,000 Coins
Terraria - 2 Silver Coins
The Ballad of Rika Strong-Arm - 148 Gold Pieces
The Battle Cats - 750,000 Cat Food
The Binding of Isaac - impossible because you can only hold 99¢
The Elder Scrolls - 11,004 Septim
The Flintstones - 7,813 Clams
The Hitchhiker's Guide to the Galaxy - 428,572 Altarian dollars
The Impossible Game 2 - 2,000,000 Blocks
The Number of the Beast - 25 New Dollars
The Office - 250,000,000 Schrute Bucks
The Sims - 19,380 Simoleons
The Witcher - 83,334 Crowns or 63,452 Orens
Tiny Tower - 7,500,000 Bux
Touhou LostWord - 760,000 God Crystals
Trigun - 90,580 Double Dollars
Truxton King - 17,858 Gavvo
War Robots - 3,000,000 Gold
Warframe - 375,000 Platinum
What Mad Universe - 250,000 Credits
Who Framed Roger Rabbit - 2,808,989 Simoleons
World Flipper - 1,000,000 Lodestar Beads
World of Tanks and
World of Warplanes - 3,418,997,741,500 Gold
World of Warcraft Classic - 2,375,000 Gold
World of Warcraft The Burning Crusade - 3,500,000 Gold Coins
World of Warships - 9,375,000,000 Credits or 6,250,000 Doubloons
Zelda - 999 Rupees
The values are not guaranteed to be accurate. In fact, I have found many cases of contradictory information on the internet. But you don't care about that anyway, do you? This isn't about the exact value anyway. These are all meant to be rough estimates to give you a sense of scale.
The Motivation
I was inspired by
my Pokémon Trans Ally challenge that is about collecting money for a trans person's surgery. If you actually attempt this challenge you'll see that it'll usually be a very long and tedious challenge that will require a lot of experimentation, long-term planning, and doing the same things over and over again for a very long time,
especially if you wanna try this as a speedrun. If the challenge bores you out, well,
that is the point! The challenge is meant to give people with little or no sense of money an impression of how much money this really is! Now, you could argue that this challenge could theoretically be used to visualize
any amount of money, and you would technically be correct, but I still think that a transgender transition is one of the best matches for this challenge because:
- A transition is always only for one person. We aren't talking about a company buying another company or a country investing in more infrastructure. This is something within the realm of a single person so it makes sense to have this be a challenge for a single person or a small group.
- This is not a luxury item like a famous painting or a private jet. Overwhelming scientific evidence proves that this is a medical necessity that trans people require in order to live like the majority of people. It is not something you want but something you need. So you can really say that acquiring all this money is really something that they have to go through. Therefore, unless you are transgender yourself, I would really recommend you to actually play the challenge until the end, even if it takes you years to actually do so. Not for your enjoyment but to acknowledge trans people's struggles and maybe also to protest against the gatekeeping system.
- Unlike people who regularly need medications, the transgender transition is a once-in-a-lifetime thing and is therefore compatible with a challenge that you only play through once and then never again.
- Once your transition is over, it cannot be taken from you.
- It is not possible to request the costs to be paid for you if you can prove that you cannot afford it, meaning the only way to get it is to actually get the money.
- Being trans is not an illness or a disability. Trans people never did anything wrong, neither deliberately nor accidentally. They are simply born with a condition that requires them to get the money. Trans people are therefore as guilt-free as a typical videogame hero.
Do you know anything more expensive that fulfills all those criteria?
The Fun Facts
- If you collect 1,000,000 coins in Super Mario Bros. 2, you win a golden Mario statue. This is actually more money than required for the trans ally challenge!
- If payment by installments were supported by this challenge then the most cumbersome game to do this challenge in would be The Binding of Isaac, because that would require you to send at least 25,253 installments. You would have to max out your money counter every 10¾ hours on average.
- You immediately win the challenge if you try it on a game where the money you start with is already high enough. For example, in the game The Roll Ahead, you play as either Bill Gates or Steve Jobs and you start out with 35 Billion.
- In the game Anti-Monopoly, you win by losing your money. However, if you try this challenge in this game, you'll still have to gain money. This is kinda the opposite of a coinless challenge because where a coinless challenge makes positive money negative, this challenge makes negative money positive.
- Characters like the monk from Crypt of the NecroDancer, Entity from depict1, and Default Dan from Default Dan die upon touching money. Kinda makes you think, doesn't it?
- The purple coins in the Super Mario Galaxy series, the Butz in Kappa Mikey, the Glotkies in Taxi, the coins in Syobon Action, and the Rasbukniks in Li'l Abner are worth nothing.
- If World of Anime Babes was a real game then this challenge would require 1,250,000,000 tokens. As the narrator said: "Big numbers are better, right?" One way to get this money would be by selling like 1,000 in-game outfits.
- If you are playing a game taking place in the medieval time, the challenge would require you to get 411¼ medieval pennies.
- If you wanna make the monetary values more immersive, you can look at how they are depicted in the menu of microtransactions. For example, Clash of Clans groups predefined values of gems into bags, sacks, boxes, and chests that therefore represent specific amounts of gems and could therefore be regarded as higher currency units. For example, 2,500,000 gems fit into 179 chests. Sure, this won't help you with strategizing, but it will certainly make it more interesting for your audience!
- According to this article, this challenge would require you to get 129,058,751 Simeons. Unfortunately, I wasn't able to determine which franchise Simeons are from.
- The Ztars from Mario Party and the Rupoors from The Legend of Zelda are currencies that actually take money away from you, making their exchange rates negative!
- If Terrance & Phillip: Give Us Your Money was a real game then this challenge would require 10,204,200 Canadian Coins. This value was calculated under the assumption that everyone would realize that the cheapest deal is actually the best deal. One way to get this money would be by not playing the game 2,041 times. Oh good, you're already on it. But will you make it within the time limit?
- The values of LEGO Studs were calculated using the value of a human life. If you applied this logic to every game with currency units that are worth ¹⁄₁₀₀ life each then a single one of those currency units would already be enough to win this challenge and if you applied this logic to every game where 10,000 points give you an extra life then this challenge would require you to earn 32 points, but only if there isn't already an in-game currency.
- The fictional currency with the highest inflation rate I could find was in Elbonia, the rate being 1,000,000,000% daily. Despite the high time limit, I would recommend you to hurry with getting enough money there if you even can.
- The average age at the time the RTS Rise of Nations takes place in was roughly 31 years, which would reduce this challenge's time limit to 27 in-game years at most. Which would be about 2.08 real-time seconds according to estimations made by PeanutButterGamer, according to which the time limit for Diablo would be 6 in-game years and the challenge would be impossible for SimAnt.
- For obvious reasons, a society can only survive if its maximum lifespan is at least the minimum age of fertility. Due to precocious puberty, the world records for the youngest biological parents are 9 years for microgametic parents and 5 years and 7 months for macrogametic parents, meaning that the maximum lifespan of any human society must always be at least 9 years. Since 9 years are more than 4 years, it therefore follows that transgender healthcare benefits all possible human societies. Remember this if you ever attempt this challenge on a game that takes place in a society where these values are different for whatever reason, like a society of anthropomorphic animals for example.
- If the average lifespan was less than 4 years then the average lifespan of a trans person would actually be higher than the average lifespan as a whole. This is because trans people who die before the age of 4 would not be included in the statistic, due to being undetectable. If that happens, you'll have to recalculate what the statistic would be.
- Transgender surgery is older than the discovery of Pluto, modern toilet paper, chicken tikka masala, duct tape, ballpoint pens, ciabatta bread, Velcro, and Tupperware.
- The Wumpa Fruit from Crash Bandicoot are also a form of currency, as was revealed in some games. A Wumpa Fruit is worth exactly the same as a piece of gold in Skylanders. Unfortunately, I wasn't able to find out what either of those are worth.
- The most valuable fictional currency that I could find was the Aqua from High Frontier 4 All, which is estimated to be a three-digit million $ amount.
- Team Kirby Clash Deluxe and Super Kirby Clash value Gem Apples differently. I based their value on Super Kirby Clash because Team Kirby Crash Deluxe only lets you purchase a maximum of 3,000 Gem Apples, meaning that Super Kirby Clash would be more practical for purchases over $29.85. Noone would accept a payment of 838 installments if a more practical way of payment is possible.
- This challenge would require 2,500,000 Nuggets in the game PokéHeroes but I didn't add it to the list because it's a fangame and I didn't wanna confuse.
---
/uj If you donate gold in Gaia Online, the company will donate money to charity. I find this mechanic to be a really good idea and I would like to see it more often because it enables players to support the less fortunate without having to donate their own money. Just imagine if every game on this list gave you the option to donate $25,000 worth of in-game money which would then be donated to transgender causes and unlock the Trans Ally achievement! I know it would be very cumbersome to unlock, but completionists would definitely go for it and also, it would be done for a good cause!
---
/rj Did you know you can make it so that
every time an amount of money is shown, its value is converted into transgender transitions?
Simply get
Universal Automatic Currency Converter, then scroll down to
Custom display and enter the following:
Use custom display: ☑
Custom display: ¤ 🏳️⚧️
Custom conversion rate: 0.00004
---
/uj The original post was removed by Reddit's spam filters so I uploaded it again without the links in the list. The original list with the links in them will be in the comments.
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2023.05.31 18:04 Then_Marionberry_259 MAY 31, 2023 ALDE.V ALDEBARAN INTERCEPTS 951.20 M OF 0.60% CUEQ, INCLUDING 645.00 M OF 0.70% CUEQ FROM THE ALTAR PROJECT IN SAN JUAN, ARGENTINA
| https://preview.redd.it/3x6xilcue83b1.png?width=3500&format=png&auto=webp&s=b91d075a491cb82becf5631446494eec153b6d37 VANCOUVER, British Columbia, May 31, 2023 (GLOBE NEWSWIRE) -- Aldebaran Resources Inc. (“ Aldebaran ” or the “ Company ”) (TSX-V: ALDE, OTCQX: ADBRF) is pleased to report results for hole ALD-23-225B from its ongoing drilling campaign at the Altar copper-gold project in San Juan Province, Argentina. Hole ALD-23-225B was drilled to test the continuity between mineralization encountered in previously released holes ALD-22-223 (1,167.50 m of 0.48% CuEq – see Company news release dated March 1, 2023) and ALD-23-224 (769.50 m of 0.55% CuEq – see Company news release dated May 11, 2023), and to provide another pierce point into the promising geophysical anomaly that sits below and lateral to the current resources at Altar. Hole ALD-23-225B was terminated at 1,347.20 m depth and intercepted a long run of mineralization, representing one of the best holes drilled on the property to date. Highlights ALD-23-225B - 1,056.20 m of 0.56% CuEq from 291 m depth
- Including 951.20 m of 0.60% CuEq from 396 m depth
- Including 645.00 m of 0.70% CuEq from 622 m depth
- Higher-grade than the current average grade of the mineral resource
- Hole ended in 19.20 m of 0.50 % CuEq
- Provides additional confirmation that the mineralized footprint of the Altar system is much larger than previously understood
John Black, Chief Executive Officer of Aldebaran, commented as follows: “Hole ALD-23-225B represents one of the best holes ever completed on the Altar project in terms of both grade and length. Now that we have several holes into the geophysical anomaly sitting beneath and lateral to current resources, it’s clear that previous drilling on the project merely scratched the surface of what is shaping up to be an extremely large copper system. We’re very excited to see how the system evolves as we continue to complete additional holes.” Dr. Kevin B. Heather, Chief Geological Officer of Aldebaran, commented as follows: “Hole 225B infills a 400 m gap between previous drill holes 223 and 224, both of which also returned long runs of very attractive grades, further confirming continuity of this new Altar United mineralized zone along a WNW-ESE trend. Significantly, this hole encountered higher-grade mineralization than the average CuEq grade in the current mineral resource, suggesting that we may have found a “hot spot” within the larger system.” Table 1 below displays detailed assay results. Figure 1 displays a plan map with the location of the reported holes as well as completed and active drill holes. Figure 2 displays a cross-section, looking to the east, showing results from ALD-23-225B. Figure 3 displays a cross-section, looking to the north, displaying the prominent geophysical anomaly at the Altar project and the results of drilling into that anomaly, to date. https://preview.redd.it/g87frbfue83b1.png?width=720&format=png&auto=webp&s=620c3c5983a49797e3939296f13fd7ab65f96529 Discussion of Results ALD-23-225B Drillhole ALD-23-225B was collared 230 m southwest from ALD-22-223. It was drilled at -80 degrees inclination and 180 degrees azimuth to a final depth of 1,347.50 m. This hole is a twin of ALD-23-225, which was lost at 179 m depth. Drillhole ALD-23-225B intersected diorite porphyry from surface to 1,324.2 m depth where the hole transitions to andesitic volcanic rocks cut by diorite porphyry dykes until the end of the hole. The top 280 m of the hole are strongly oxidized and fractured. A poorly formed enrichment zone occurs from the base of oxidation to 460 m depth. This interval is characterized by weak chalcocite-pyrite-chalcopyrite mineralization associated with white sericite alteration overprinting potassic alteration. From 460 m until the end of the hole the dominant alteration is characterized by green sericite-quartz-anhydrite assemblages overprinting earlier potassic alteration, both of which are well mineralized. The green sericite-quartz-anhydrite-chalcopyrite-(chalcocite) assemblage occurs as halos of hairline veins that overprint earlier K feldspar-biotite-chalcopyrite alteration. These halo-style veins are pervasive and obliterate the original texture of the rock and are associated with abundant fine-grained sulphides associated with very high copper grades. Occurrence of these halo veins correspond with an increasing frequency of quartz-chalcopyrite-pyrite-molybdenite veins, which in most cases are crosscutting the halo-style veins. Mineralization in this interval consists of fine-grained sulphides consisting of chalcopyrite-pyrite-bornite-molybdenite. Project Update The Company is actively drilling with four rigs. Holes ALD-23-227, ALD-23-228, ALD-23-230, ALD-23-231 and ALD-23-189EXT were recently completed and were terminated at 1,238.5 m, 1,241.6 m, 611.4 m, 1,211.8 m, and 1,246.0 m respectively: all pending final assays. Hole ALD-23-189EXT is an extension of historical drill hole ALD-12-189, which was originally terminated at 592 m depth. At the date of this release, three new holes were being drilled: hole ALD-23-229 was at approximately 1,401.5 m depth, while holes ALD-23-232 and ALD-23-124EXT were at approximately 828.35 m and 529.45 m depths, respectively. Hole ALD-23-124EXT is an extension of historical drill hole ALD-12-124, which was originally terminated at 226.50 m depth. The fourth rig is being mobilized to drill pad ALD-23-233. The Company plans to continue drilling until weather permits, which is currently anticipated to be sometime in June 2023. Webinar For more context, please join the Company in a live event on June 1st at 11:00 am EST / 8:00 am PST. Q&A will follow the presentation. Click here to register: https://my.6ix.com/zukr1ws- Qualified Person The scientific and technical data contained in this news release have been reviewed and approved by Dr. Kevin B. Heather, B.Sc. (Hons), M.Sc, Ph.D, FAusIMM, FGS, Chief Geological Officer and director of Aldebaran, who serves as the qualified person (QP) under the definitions of National Instrument 43-101. ON BEHALF OF THE ALDEBARAN BOARD (signed) “ John Black ” John Black Chief Executive Officer and Director Tel: +1 (604) 685-6800 Email: [ [email protected]](mailto: [email protected]) Please click here and subscribe to receive future news releases: https://aldebaranresources.com/contact/subscribe/ For further information, please consult our website at www.aldebaranresources.com or contact: Ben Cherrington Manager, Investor Relations Phone: +1 347 394-2728 or +44 7538 244 208 Email: [ [email protected]](mailto: [email protected]) About Aldebaran Resources Inc. Aldebaran is a mineral exploration company that was spun out of Regulus Resources Inc. in 2018 and has the same core management team. Aldebaran has the right to earn up to an 80% interest in the Altar copper-gold project in San Juan Province, Argentina from Sibanye Stillwater Limited. The Altar project hosts multiple porphyry copper-gold deposits with potential for additional discoveries. Altar forms part of a cluster of world-class porphyry copper deposits which includes Los Pelambres (Antofagasta Minerals), El Pachón (Glencore), and Los Azules (McEwen Copper). In March 2021 the Company announced an updated mineral resource estimate for Altar, prepared by Independent Mining Consultants Inc. and based on the drilling completed up to and including 2020 (independent technical report prepared by Independent Mining Consultants Inc., Tucson, Arizona, titled " Technical Report, Estimated Mineral Resources, Altar Project, San Juan Province, Argentina ", dated March 22, 2021 - see news release dated March 22, 2021). Forward-Looking Statements Certain statements regarding Aldebaran, including management's assessment of future-plans and operations, may constitute forward-looking statements under applicable securities laws and necessarily involve known and unknown risks and uncertainties, most of which are beyond Aldebaran's control. Often, but not always, forward-looking statements or information can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate" or "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Specifically, and without limitation, all statements included in this press release that address activities, events or developments that Aldebaran expects or anticipates will or may occur in the future, including the proposed exploration and development of the Altar project described herein, and management's assessment of future plans and operations and statements with respect to the completion of the anticipated exploration and development programs, may constitute forward-looking statements under applicable securities laws and necessarily involve known and unknown risks and uncertainties, most of which are beyond Aldebaran's control. These risks may cause actual financial and operating results, performance, levels of activity and achievements to differ materially from those expressed in, or implied by, such forward-looking statements. Although Aldebaran believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. The forward-looking statements contained in this press release are made as of the date hereof and Aldebaran does not undertake any obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Figure 1 Figure 1 – Plan map showing completed and active drill holes from the ongoing 2022/2023 drill program as well as ALD-22-220 and ALD-22-221 from the 2021/2022 drill program Aldebaran Resources Inc. Figure 2 – Cross-section looking towards the northeast displaying CuEq (%) values in ALD-23-225B Figure 3 Figure 3 – Cross-section displaying resistivity anomaly and ALD-19-212, ALD-22-221, ALD-22-223, ALD-23-224 and ALD-23-225B Images accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/7bc7d2fc-c93d-4f70-a686-eeaaa440c072 https://www.globenewswire.com/NewsRoom/AttachmentNg/0fd6df3e-6988-4e16-bfa4-33fb005ba774 https://www.globenewswire.com/NewsRoom/AttachmentNg/eabd2178-7803-404c-93a7-df469d0f8d5f https://preview.redd.it/pb4h4bgue83b1.png?width=150&format=png&auto=webp&s=1fa31440b4b2856a109aab2d3850bcf9570c6d3c https://preview.redd.it/7a3r07hue83b1.png?width=4000&format=png&auto=webp&s=566b5ef431405e7050951ed57559e470d239f693 submitted by Then_Marionberry_259 to Treaty_Creek [link] [comments] |
2023.05.31 13:26 Genialmalik- Need Advice (Currency)
I'm travelling to Qatar in few days, but unable to get Qatari riyal here. I just got 2000 riyal from the market. What's the best alternate currency I can get which can easily be exchanged at airport or nearby? (Saudi Riyal, Bahraini Dinar, Kuwaiti Dinar, UAE Dirham)
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2023.05.31 11:23 Sunnykarhana6263 Alaska Airlines Newark Airport (EWR), Terminal
Newark Liberty International Airport (EWR) is home to the Alaska Airlines Terminal, where travelers embark on exciting journeys to various destinations. This bustling terminal offers a seamless travel experience and a multitude of amenities, ensuring a smooth start to your travel adventures.
Upon entering the Alaska Airlines Terminal at EWR, you'll be greeted by a vibrant and energetic atmosphere. The terminal's architecture combines modern design with functional elements, creating a welcoming space for travelers. Natural light fills the terminal, casting a warm glow on the bustling crowds and adding a touch of brightness to the surroundings.
The Alaska Airlines Terminal at EWR is a hub of activity, reflecting the diverse mix of passengers and their unique stories. Families embarking on vacations, business professionals on their way to important meetings, and adventure seekers ready to explore new destinations all converge within these walls. The air is filled with a sense of anticipation and excitement, as travelers prepare to take flight.
Inside the terminal, you'll find a wide range of amenities to enhance your travel experience. From efficient check-in counters to helpful information desks, the Alaska Airlines Terminal provides the resources you need for a seamless journey. Take a moment to enjoy the variety of dining options available, catering to various tastes and preferences. Whether you're in the mood for a quick bite or a leisurely meal, there's something to satisfy every craving.
The Alaska Airlines staff, easily recognizable in their professional attire, are dedicated to providing exceptional service. From friendly assistance with check-in and baggage to addressing any travel inquiries, their commitment to customer satisfaction is evident. Their warm smiles and helpful demeanor create a welcoming environment, ensuring that your travel experience is comfortable and stress-free.
Within the Alaska Airlines Terminal at EWR, you'll hear a medley of languages spoken. English, Spanish, and other languages intermingle, reflecting the diverse backgrounds of the travelers passing through. This linguistic diversity adds to the vibrant tapestry of the terminal, creating an atmosphere of cultural exchange and global connections.
As you bid farewell to the Alaska Airlines Terminal at EWR and embark on your journey, let the burstiness of human interactions and the perplexity of diverse experiences inspire you. The Alaska Airlines Terminal serves as a gateway to new adventures, where possibilities await and memories are waiting to be made.
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2023.05.31 06:48 naturefreak2101 Where Do *You* Farm Your Gear?
So, I'm curious about how other people farm things, and, given that I value efficiency above all else, I've developed my preferred locations for where I get my gear for the crunches - yes, you can farm Mk3 Carbantis from many places, but what's the best way to allocate your resources? I'll put below how I view the different farming locations and shipments ... I'll even break it up into two parts - Where do I farm my gear? and What do I buy with my currencies? Let's hope this train of thought yields some interesting discussions and revelations.
NOTE: My perspective is that of a pretty late-game player (>9M GP). If other people have perspectives on other gear they need in the mid-game, or are wondering what to do if they don't have the same currency intake that I do, I'm happy to entertain other viewpoints.
NOTE 2: G12 vs. G12+, for those who don't know the difference - G12 gold gear (30 salvage each) is for the left 3 G12 slots, while G12+ gold gear (50 salvage each) is for the right three slots (2 slots plus part of the finisher). Both sides use G12 purple gear (40 salvage each).
Gear Farming - Kyrotechs. The bane of everyone's existence, and, IMO, the single biggest gear crunch in the game right now. I use both normal nodes (DS 8-A and LS 7-B) as all my normal regular energy (I still farm hard nodes for shards).
- G12 Purple Gear. Mk6 Medpacs, Mk7 Chiewabs, Mk8 Scanners - they're a bigger crunch than they were before, now that G12+ gear is more accessible with raid currency. I spend almost all my fleet energy now on normal fleet nodes 5-F, 5-G, and 5-H. I find that the drop rates are a bit better than the G12+ gear, while the gold gear is better to buy.
- Mod materials. I tend to farm only mod materials (from the Mod Battles nodes). Mostly farming 9-C, 9-D, and 9-E, but will do 9-B and 9-F as needed. I'm tempted to try some Speed nodes in Mod Challenges, but we shall see as time goes on.
- Bronzium Wiring. The crunch that hasn't hit me yet (miraculously) ... but is coming for me like Jason Momoa for Henry Cavill; it can be mildly alleviated by farming LS 7-B - not only Kyros, but you also get Mk5 data pads that convert into Bronziums with peak efficiency.
- Impulse Detectors. Special shoutout to LS normal node 9-F for providing Mk12 Bayonets for Impulse salvaging, Mk8 Implants (one of the golden eyeballs), and Mk3 Holos (for Aurodium Heatsinks). It means sacrificing Kyro farming, but if I'm in a high relic crunch, it can really pay off.
... and that's it. I also farm signal data/characters with my cantina energy, but that is as needed - can't really go wrong with any of those choices. Everything else I get from daily challenges, events, etc. - or
buying them! Which leads me to ...
Gear Buying (X.X) = (Row.Column) in a particular store. Some slots rotate their gear, others are pretty constant.
- Featured Shipment. 4 of the nodes (2.3, 2.4, 3.1, 3.2) only cost credits. Don't forget these every 6 hours. The gear costs essentially nothing and often is salvageable for, at least, CCBs. Occasionally you can pick up some Mk3 Holos as well. Just buy all 4, regardless!
- Weekly Shipment. I'll grab the gear in the slot for ally points (1.3) on occasion - I don't have hotutils, after all. Credits for shards (1.2, 2.2) aren't usually worth it - that's like 1/4 of a new mod! Only other guilty indulgence in this useless shop has been once or twice for GL currency, just to speed up getting my freaking slug!
- Cantina Battles. I have all the shards, and other than being desperate for ship credits on rare occasion, I usually just buy only Cassian's U-wing (1.3) for optimal Shard Shop conversion.
- Guild Activity - Old Currency. I'm splitting this store into 4. (Thanks, CG, for your absolute mess of a UI!) This has honestly been my hardest to pin down for optimal usage. I feel like what I used to often buy with this currency (Mk3 Carbantis, Mk8 Biotech, for example) is now more efficiently bought with Raid 1 currency. I'm leaning towards some of the 50-needed "3rd" pieces, such as Mk4 Bacta Gel, which seem to have a worse rate in the other currencies. One key note I will make is for the blue Mk 7 BlasTechs (4.1) - 10 of them for 150 currency is amazing, as they have a FANTASTIC conversion rate into Chromium Transistors.
- Guild Activity - Raid 1. The first raid currency replaces a lot of what we used to get from raids, but I do like the ability to choose large numbers of needed gear, and it replenishes every 3 days. Almost all the most needed things for getting characters through that G7-G11 hump are bought here. Key examples: Mk3 Carbantis, Mk3 Holos (-> Aurodium Heatsinks), Mk5 Thermals, both golden Mk8 Biotech Implants (eyeballs), Mk5 Stun Guns. I will say that I found a worse conversion rate here for some of the "3rd" pieces for the larger gear - things like Mk4 Bacta Gel and Mk6 Droid Callers.
- Guild Activity - Raid 2. The second raid currency is the new G12(+) farming tool. Everything G12 farmable is available for this (just don't buy your Kyros here!). Best buys are the golden G12+ gear (think Mk12 Fusion Furnaces and Mk12 Czerkas) and 1st slot for G12 gold gear (think Mk12 Bayonets, Mk12 Medpacs and Mk12 Multi-tools). You can also buy the G12 purple salvage here, but I try not to - it's a worse deal, and I'd rather buy those with GET1 and Shard Shop!
- Guild Activity - Raid 3. This is why we FIGHT for our RIGHT to KRAYT RAID. ...Or just build the teams to nominally increase the guild's rewards. Best value seems to be relic materials - Zinbiddles, Impulse Detectors, Gyrdas, and Aeromagnifiers if you need them. (I'm blessed to have done CPit long enough to have >750 saved up).
- Squad Arena. I feel like this store gets massively overlooked. Row 6 is gear for dirt cheap - and it often converts into CCBs! (Potentially bronziums too?) Can always use this for emergency shard shop, but don't skimp on the cheap gear at the bottom! Make sure your salvageable gear is relatively low so you know what to buy!
- Galactic War. Have all the shards, so I buy the three ships once a day for Shard Shop currency. Ezpz. (I'll never bother getting rid of that 300 excess though!)
- Mods. When you have extra currency, buy mods! Just remember that you will use your credits faster than you get them, so be picky! Only take gold mods, +5 speed, and look for rarer combinations like Speed mods or Offense primaries on crosses or triangles.
- Fleet Arena. Have the shards already. Basically just most of a zeta mat (1.2) per day.
- Guild Events - GET1. I think the best value is the G12 purple gear - Mk6 Medpacs, Mk8 Security Scanners (6.3, 6.4, 7.1, 7.2). Also decent conversion to G12 gold gear - Mk12 Multi-tools, Mk12 Medpacs, etc. (5.3, 5.4, 6.1, 6.2) I once used this on other things as well (Carbantis, etc.), but now mostly the purple G12 gear.
- Guild Events - GET2. A vital source of Kyrotechs (4.1). ONLY KYROS! Don't spend this on G12+ gear anymore - the Raid 2 currency is a much better rate, with better income.
- Guild Events - GET3. The rarest breed of currency, which I would only spend on two things - Kyrotech (2.3) or, if you're a gamblin' dude, Micro Attenuators (2.2) to really get those 6A mods in tip top shape. I actually go for the second myself, but I completely understand spending on Kyros here.
- Grand Arena (GAC). Also a vital source of Kyrotech. I've stopped spending this currency on ANYTHING else. Maybe if they put those Mk2 Thermal Exchange mod materials in here for cheap, I might go for those. (They're the ones from mod battle 9-E that let you go from 6-E up through 6-A).
- Shard Shop. Ah, how you've changed. Once, I used to get whatever I needed from here. Carbantis, Mk4 Bacta Gels. No more. Now, G12 purple gear (2.4, and particularly 3.1) and the most needed G12 gold gear (2.3) are my only loves. Absolute best rate for that purple gear. Get it while it's there.
Questions to be Answered - I use crystals almost exclusively for refreshes, so I don't tend to buy any shipments with crystals unless I want immediate satisfaction at the cost of sensibility. Are there anything you guys farm with crystals, exclusively?
- Old Guild currency - do you guys think that those purple finishers (like Mk4 Bacta Gel) for the "tough" G10 and G11 gear are the best value for that currency?
- G12+ Finisher pieces - I'm only starting to run out of those Injector pieces for the G12 finisher (particularly the "Injector Cell"). They are farmable from normal nodes like LS 8-H, or purchasable for GET2 (expensive!) or GAC (not a great rate) currency. Any of these methods mean a hit to Kyros. I might need to farm these soonish - where do you guys prefer to farm them?
- What other gear that I have stockpiled from raid rewards is going to shrivel up and die and become a new crunch? Has anyone hit any new crunches that I haven't mentioned from the raid changes?
Here's hoping I didn't leave anything out. Let me know in the comments what you guys think, and if you have any questions as to what I'm referring to, feel free to ask! (I won't judge for newbie questions! I can't promise anything about other redditors, though :P)
/trainofthought
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2023.05.31 06:02 NefariousnessOwn6853 United Airlines EWR Terminal
United Airlines EWR Terminal is a modern and spacious facility that offers a wide range of amenities and services to passengers traveling with United Airlines.
Terminal C at Newark Airport is United Airlines' primary hub on the East Coast, serving as a major gateway for both domestic and international flights. The terminal features a sleek and contemporary design, with ample seating areas and large windows that provide plenty of natural light.
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2023.05.31 03:08 Empty_Advice7902 The Dark Rise of One Piece: Anime's Loneliest Creator - The Eiichiro Oda Story!
| Is One Piece the greatest Story ever told? A full Essay / Video Documentary on Eiichiro Oda and One Piece. To me One Piece is a masterpiece but it took a lot of sacrifices for Oda to become the best selling mangaka of all time. I just hope I did him justice. This is the Rise and Controversies of Anime and Manga's most dedicated Creator. YouTube Documentary: https://youtu.be/obwz7ewVwnY At the time this is bring made is being made Eiichiro Oda has amassed an astonishing 230,000,000 Net Worth and is the creator of the highest selling manga of all time. One Piece has sold so many copies, that not only is Oda in the Guinness book of world records for the most copies ever sold of any manga or comic but it also puts his name in the top 10 highest selling fiction authors in human history. Engraving the name Eiichiro Oda next to William Shakespeare and JK Rowling. Oda is without a doubt one of the greatest and most creative story tellers of all time. https://preview.redd.it/hqtkwxdiu33b1.jpg?width=474&format=pjpg&auto=webp&s=aeb983436a68a455589f2ebc9f71efa2ba42a6d0 But this level us success and talent doesn’t come without sacrifices. Odas road to success is paved with A plethora of health issues both physical and mental, arrest and loneliness. One Piece has brought joy to millions of people and its success is something that Oda has dreamed of since he was 4 years old watching anime and Disney cartoons. Will act as a celebration of oda’s well earned achievements but also the over looked acknowledgment of the sacrfises, a-lot of Artist have to suffer through for our enjoyment, and dark untold truth of the manga industry. A Mangaka who escaped the industry even referred to it as “voluntary enslavement”. with an more infamous example being when kishmoto Creator Naruto and a rival of oda, finally finished his popular long running series, he reached out to oda to brag that he can now finally take a walk with his kid on a sunny day which would send the one piece author into a spiral but also motivated him to keep working so he could take walks with his family too one day. https://preview.redd.it/gpad5gauu33b1.jpg?width=512&format=pjpg&auto=webp&s=e5d3f31a424421779e3d95827d1a0da1a572ce97 Oda was born January 1st, 1975 in Kumamoto City Japan. From an early age he was obsessed with all things animated and cinema. Everything from Anime, Disney cartoons and Hollywood movies. By the age of 4 Oda had already began reading manga and immediately after he found out creating manga was a career! He couldn’t believe such a cool job existed and declared he would become a Mangaka to quote “avoid getting a real job” The manga that contributed the most to this epiphany was a series called “The Monster Kid” by fukiko a fujio. A story about a kid and his companions traveling through realms battling various Monsters. Oda claims that one of the panels from this specific manga was the first that made him want to draw and he would go on to draw endless copies of his favorite panel trying to get his drawings to look as good as Fujio’s. He simultaneously had fallen in love with an anime called “Vicky The Viking” Monster Kid A show that told the adventures of Vicky, a young Viking who would use his Witty and imaginative mind to help his friends out of tight situations. Vicky the Viking Vicky would spark odas life long fascinations with pirates and plant the seed for a idea that would eventually grow into one piece. you can see Vickies influenced sprinkled through out oda’s work. When odas dad found out about his sons newfound ambitions he decided to teach him to paint as he himself was a talented oil painter. oda credited his dad for his creative side and still shows off his dads paintings as the proud son he is. Oda became quite the proficient painter as well. One of his original paintings he did for a school project still hangs in his elementary school to this day When oda got a little older and his manga taste matured He gravitated toward the Weekly shonen Jump. A anthogly of mostly action-based manga that targets an older demographic. Oda also had started junior high around this time but admitted that it was rough for him and that he often didn’t enjoy it. The only time he would really feel happy was when he knew their was a new jump issue coming out the next day. He loved Everything from legendary Gag series Kochikame, to the action comedy Kinnikuman. A popular series in the Anthology called “Capatin Tsubasa” would even inspire oda to join his school soccer team just like the characters in the show. As you can tell he was a very impressionable and remains so to this day many of odas characters and themes are based of various pop culture icons like Jim Carrey, Eminem, the terminator and reservoir dogs to name a few you might know but also various Japanese acting and historical legends. https://preview.redd.it/xacz28kov33b1.jpg?width=474&format=pjpg&auto=webp&s=9c48abe546e097a7abae860fe341bc9bb965e2a6 oda never dropped his love for soccer with his favorite team being Brazil. Oda revealed in a q and a that in the real world luffy would be from Brazil so I can’t help but to think this is influenced by “Capatin Tsubasa” oda would find his biggest influences though when he stubbled apon the series Dragon Ball. He was obsessed Toriyma’s art style and reread it more than any other manga. He loved his character designs and practicing them is why he said he got so good at drawing legendary buff dudes. But the most impactful thing Dragon Ball ever did for oda was show him how impactful manga could be. https://preview.redd.it/xpmlog1mv33b1.jpg?width=474&format=pjpg&auto=webp&s=37f3ee26edad2c2243ed8b382f349117e10957fa When dragon ball was first gaining popularity oda remembers going to school and just seeing how his peers would react to the weekly releases. One day he would see his school get thrown into chaos by a single chapter. “When Krillin died in Dragon Ball, the whole school was thrown into turmoil. I remember someone kept running and shouting in the school, "Krillin died!!" with Jump in his hand." Seeing the influence a great story could have would completely reshaped the way oda looked at manga and reenforce his desires to master the craft himself. This feeling would last with oda and the 2nd year of jr high he would start developing his talent and began drawing sketches for a pirate based manga. Over the next several years oda would continue draw everyday in his free time even at the cost of his sleep and friends. this would be foreshadowing for how obsessive he can be when he puts his mind to something. At the age of 17 he would quit soccer in an attempt to take his mangaka ambitions more seriously. He had learned about a very prestigious manga completion from a company called shueisha. It was called the tezuka award and it was given to the best manga submitted by aspiring creators. During the same time Oda had taken a liking to an Western American Film called Young Guns, this would go on to inspire him to work 4 months on his first full-length Manga titled Wanted! it was an action gag comedy set in a western themed world. https://preview.redd.it/iofbbbd1w33b1.jpg?width=474&format=pjpg&auto=webp&s=1a4861bcd115ef687ada71058e699de7d3fb182d Oda was very proud of this creation and was excited to submit it, but he was also concerned of his parents and teachers disapproving of his decisions to focus all his efforts onto something not school related. to fix this problem would submit his work under the pseudonym Tsuki Himizu Kikondo. Being the unknown prodigy he was he would win 2nd Place and take home a 500,000 Yen cash prize. Winning this award at such a young age would send shock waves through the manga industry. many professionals within the business started keeping their eyes on him. In early 1993, Oda would go on to get several interviews and his Manga would get published in Shueisha's Mezase Mangaka! Around this time he would drop his pseudonym and start going by his real name. Showing that he was growing a lot more confident in his work. His first professional interview would even be published in Oda’s Hometown’s most prominent newspaper. Odas life was changing fast. It was getting harder and harder for even his haters to doubt his talent. Later that year he graduated high school and entered Kyushu Tokai University under the architecture program. although he never used his architectural talents in the actual field, I can’t help but to think in played a massive part in his unique city and island designs in one piece. During university oda would continue submitting more of his work to Shueisha. Not knowing his previous win already qualified him for a spot for a monthly off shoot of the weekly Shonen Jump.This spot is is where oda would release his next manga. “God's Gift for the Future” Gods Gift This manga followed a pickpocket named bran that wanted to change his way of life but couldn’t stop his bad habits. through a series of events he winds up with a magic death note book gifted from god that can not alive anyone by writing the exact date and event in the notebook. look im just gonna say it. Gods gift for the future came out in October 1993 and Death note came out a decade later in 2003. Im not saying Ohba copied teenage odas work but there are alot of similarities and I found some threads that already been disscussing the topic. If you read all of odas work in release order, you can see how each one gets progressively better and more complex. And he defiantly has two things he was good at from the begginning. Character development and world building. Part this is due to oda admitted just loving the characters he creates and he even said cries while drawing emotional or sad scenes they have to go through. But being the near physcoeopathically ambitious machine he was. even at a young age He wasn’t satisfied with only being in a Monthly release magazine so the following year in 1994 he decided to enter a contest named Hop-Step Awards with a Manga named Ikki Yako, Oda won first place with Ikki Yako giving him his first undisputed success as a Mangaka. Ikki Yako With the back back awards and victories, oda was finally believing he had an actual chance at his dream coming to fruition, so the same year in 1994 he would drop out of university to pursue he career as a professional Mangaka. Dropping out of college is a huge deal in Japan. Even if you become a success some people will look down on you as school is seen as a right of passage to many Japanese citizens. Not as a option as it is in some other countries. Japans unique out look on hard work educationally and professionally will contribute to the dark concepts we will explore in the latter part of the video. And if you remember oda specifically didnt like school and often struggled to find enjoyment while being there. With some impressive accolades under his belt and a new found freedom oda would move to Tokyo under the charge of his editor Karou Kushima this was his officially start as as a true Mangaka. Oda had gotten a job at shonen Jump as an assistant as many inspiring mangakas do. He made practically no money but it was a necessary stepping stone all mangaka have to take if they want shot of publishing there own work one day. Some work as assistants for years or even decades with never getting that chance and often break under the extreme exceptions pushed onto them by the industry. Odas first assistant Job was for shinobu kaitani’s midoriyama police gang. It was only for the last few chapters of the series and would last just a month. But Oda claims it was extremely busy month for him and he gained an immense amount of experience about the production of a professional manga. After his manga finished Kaitani would leave Shonen Jump, Oda was sent to another Mangaka assisting creator Masaya Tokuhiro through the final years of their Manga Jungle King Tar-Chan. Tokuhiro was also the creator of the more famous Kappaman. Oda would work for Tokuhiro for a very long time. Tokuhiro was infamous for being very resistant with allowing others to help with the important parts of his work. This was hard for oda because the free time he got after his 12-14 hour shifts he would spend drawing cool ideas for his own stories and ideas he thought might work for tokukiros but his boss would never even entertain one idea, but oda would still learn alot during this time period. specifically improving his skills of background and crowd art. During this time oda would create and submit serval of his own stories to his editor kushima. and pretty much all of them would be immediately dismissed. This would hurt but he would try to not take the harsh criticism to heart. But this would all change when Oda would create and release his next manga Monsters! After throughly rereading it and then going back to all of his old works he began to see many of his inadequacies. This motivated oda to work even harder to fix his mistakes. He started thinking maybe his editor was right telling him he wasn’t ready yet. Oda was now sleeping only 5 hours night and began skipping meals because they took up to much time that he could be using to improve his craft. When Kappaman ended in Mid-1996 his new boss would also move on from shusisha and oda entered his final assistant tenure under the esteemed Nobuhiro Watsuki. Working on the best selling Manga Rurouni Kenshin or Samauri X. This would be huge for oda! Watsuki was one of the most popular mangaka not just in shonen jump but in all of Japan! He also was known to have a way more laid back style then odas previous editors. Watsuki allowed assistants to be involved in his work, speak their mind and would even review their ideas seriously. that doesn’t mean he would improve them but he felt being involved and getting hands experience was the best way to learn not just busy work for hours on in. Oda would thrive in this environment! and one of his ideas would actually pass all the hurtles and he even was credited in the Rurouni Kenshin Manga for coming up with the Character Honjō Kamatari. The great scythe. The was huge for oda and added alot of creditably to his suggestions moving forward. Oda would never forget the faith watuski sensei had in him and unfortunately this would come with some grave consciences later on. Oda was enjoying his time in watsuki studio but he remained troubled by the fact his ideas for Manga drafts continuously got rejected. Oda decided since all his new ideas wasn’t cutting he would revamp his original idea for an anime. In a last resort style effort oda began work on a pirate themed manga. He decided to call it Romance Dawn. Not feeling hopeful oda would submit it to his editor. But to odas surprise Mishima was very impressed by it and would approve for it to go into further development immediately. It would debut in a shonen jump summer special and received much praise from the readers. During the production of romance dawn oda would fall under the supervision of a new editor takanori Asada who would also believe in romance dawn. He would arrange for oda to fill the gap in the weekly shonen jump that was coming up. This was an incredibly rare and unique opportunity. Oda accepted and immediately created a 2nd version of romance dawn! Within 2 weeks it was approved by Asada as well. But a weird thing was happening. The readers Loved the unique Pirate themed story and odas handlers believed in it and saw the potential greatness in oda’s work but the higher ups where very skeptical and doubtful of Oda’s concepts and refused it entirely! Romance Dawn They didn’t wanna try anything new. They wanted more of what worked. Basically dragon ball 2.0s but oda specially set out to make the exact opposite, this was because of 2 of odas earlier influences. Dragon ball, He loved the fights and designs but wished it was more story driven and a much more random influence was the wizard of oz. Oda loved the adventure aspect of it and implemented it into many of his works but he hated the ending of the classic movie. He thought the “The real treasure was the friends we made along the way” troup was stupid. That fans deserve build up and pay off. Oda basically was inventing the slow burn of mangas. That pull you in through world building not just flashy fights. Lucky for Oda asada wasn’t having any of his supervisors nonsense and would wage war on them proclaiming that oda has something great on his hands and he would continue this campaign for months. and in May 1997, One Piece had finally been approved for publishing in Weekly Shonen Jump. If you love one piece make Sure you show resect for asada because it wasn’t for him we might have never been blessed which such a great story. Remember this was odas last ditch effort and who knows what would happen if it had failed. Soon after, Oda resigned from being Watsuki Assistant on good terms, and became a full-fledged professional Mangaka himself at the age of 22. His adventure was about to reach hights and pitfalls that he could have never imagined. And if you wanna follow me own my own adventure to be the pirate king of YouTube. This video was suppose to be saved for my 5000 subscribers special but I was so excited to drop it I couldn’t wait! it would be cool if you could get this reddit thread to 200 upvotes One Piece: This is it Oda’s obsessive nature and hard work has payed off and he wasn’t about to let it go to waste. He would double down his effort once more and from this point forward things would start moving incredible quickly. Oda would take everything’s he learned and created over the years and start immediately drafting the first 8 chapters of One Piece. Asada would lend him a hand and help him refine his ideas and offer some advice he thought could give One Piece a higher chance of success. He gave oda the advice of spicing up the first couple chapters. He thought oda had a great concept but that it wasn’t interesting enough and needed more stakes. Something too hook people and leave them wanting more. This lead to the idea of the Shanks incident in the first chapter. I think this was a great decision and set the tone for the rest of the story. On July 1997 Weekly Shonen Jump #34 had premiered the first chapter of One Piece titled Romance Dawn giving homage to his Romance Dawn Manga that started it all. When they finished they was pretty sure they had something great on their hands but they was so nervous in wouldn’t do well. They couldn’t shake their butterflies and when the 1st Volume released Oda and his editor would hide in a bookstore and watch the customers and when they seen a little boy buying the one piece volume they would shout with pure joy! This is the cutest one piece fact and know and definitely one of my favorites because it shows how much one piece really means to him. His passion would blend onto the pages and pay off. By the end of the 1st year one piece would sell 300,000 copies. Making it a hit. But this is again nothing compared to what would come. only one year later this number would grow to 6 million copies sold with no sign of slowing down. By 1999 one piece had reached over 17,000,000 prints and would receive a full length anime adaption that would be an instant smash across Japan. By 2001 oda was only 26 years old and the world was at his finger tips. He was a best selling mangaka and was getting all the interviews and festival bookings he could handle. But the most life altering appearance would happen at Jump festa 2002. Why watching the performances he would see 22 year old Chiaki Inaba a model, idol, actress, Campaign girl and Race Queen. A artistic genius in her own right. During her show she would perform in a Nami swan cosplay. Showing her love for her favorite anime character that happen to be created by Oda who was in the audience. Her beauty and talent left oda smitten. It was like a romance anime scene. He had no choice but to introduce him self later the same day. They would hit it off and her personality had him hooked. Over the next 2 years they would begin seeing each other, squeezing in dates between her performance and oda busy work schedule. In 2004 they would get married opting to have a private wedding with only their closes friends attending. Around 2004 one piece and shonen jump was more popular then ever. Manga and anime was spreading world wide. but there was an unprecedented surge in anime’s popularity in the west. The catalyst for this weeb take over would be thanks to 3 shonen Anime. One Piece, Naruto and Bleach. That would be deemed the Big 3. A titled bestowed on the 3 most popular anime of the 2000s. 3 series that completely carried shonen jump in this time period. Every anime fan in the world had one of these 3 in their top spot. later this era would be called the “Golden Age” of shonen Jump. The gap in sales of these 3 vs other series was mind blowing. And to this day the consistency of their popularity would never be repeated. All 3 of these mangaka where living their dreams but anyone with their level of ambition wants to be the best not just top 3. The 2 creators with most smoke for each other would be One piece’s Oda and Bleach’s Kubo. They 2 manga titans have had a 20 year beef that have left their fans constantly comparing the 2. The origins of this entanglement actually started because of our previously mention manga award that oda won for romance dawn. Kubo had entered the same competion and felt his win was a sure in and that it would be the launch to his own professional Mangaka adventure! But after bleach was out voted by romance dawn pushing his dreams back years. Bleach wouldn’t be released in jump til 2001! Kubo would holds oda personally responsible. in a 2017 interview when asked how he felt about his rival and he would respond saying “ I hate Oda” and revealed the 2 had a hairy run in in the 1990s. A few years later oda would have a chance to respond in his own interview during a bleach exibxit for its 20th anniversary. He was asked about Kubo and said “ years ago kubo publicly announced he hates me? Do you want to know if I hold a grudge?” “Yes I do” he went on to say he didn’t knew in kubo meant it in a perticaly rude way or in a competitive way. He said kubo has always had a competitive spirt and was a hard worker but that he does have some audacity, to to say that in public. Oda was letting everyone know he is still always down for the smoke. He would draw Kubo’s character ichigo in the one piece art style and submit it to the exhibition. Oda Draws Ichigo I love both anime but their lives sounding like real life anime rivals makes their series even better. It shows how much they both love and belive in their series. Check here down Oda and Naruto creator kishimoto also consider their self rivals but in a very different way. in 2015 oda admitted that Naruto is more popular than one piece world wide. He apricates it but it makes him jealous. https://preview.redd.it/jamhiu2xw33b1.jpg?width=474&format=pjpg&auto=webp&s=de87a209c908f27e9e560edf8d522866129e1c94 In 2016 kishimoto said he wanted to surpass one piece in manga sales but sadly was never able to before Naruto ended. Since then one piece popularity in the rest of the world has exploded so the final results aren’t in yet. But either way The 2 have been the dominate 2 in the world for 2 decades constantly exchanging spots. They’re respect for each other is evident as shown Through out both series easters are hidden shouting out the others manga. https://preview.redd.it/fj09lkzyw33b1.jpg?width=268&format=pjpg&auto=webp&s=ce5d77252b5a3757dc7c4f13b25e987e521f9282 But the most wholesome but scary example happened in 2013. Oda had become notorious for his machine like work ethic. He was only sleeping 3 hours a night and often would sleep at his work desk so he could wake up and be able to get back to work faster. This would cause his health to disintegrate and he would be hospaitalized. Knowing oda doesn’t like to take days off kishimoto would show up to his hospital room to check on his friend and would be shocked to see oda working on a up and coming one piece chapter. Kishimoto understood this level of work ethic better than anyone else could as arguably the other most successful mangaka of all time. Instead of asking him to stop he pulled up a chair and helped oda with his work on which woukld relived to be the legendary Dressrossa arc. A personal favorite arc of mine as you can see my avatar is designs after the arcs antagonist. They wanted this arc to be special as to not let his fans down because of his sickness. As of 2023 One Piece has sold more than 500 million copies. selling more copies than batman and harry potter. Oda is the best selling mangaka of all time and 10th highest selling fiction author in human history. The Anime adaptation of his manga is a smash hit and is growing more popular ever day. Olympians have stuck one piece posses before wining metals. Hollywood celebs have declared their love for one piece like averal lagive who eventual would send oda 2 songs for one of his movies, Jamie lee Curtis who mention robin as her favorite characters on several q and as, marvel director taika waititi rocked a luffy sweater on several occasions. One Piece film’s latest film release Earned over 15 billion yen making in the 6th highest grossing movie in Japanese history. The 4 year old that wanted to be a great manga would be so proud of oda but what has oda sacrificed for this level of success. We touched it own it a little in the kishimoto segment but to really understand or believe the truth that im about to tell you have to understand a terrifying concept in Japan called karoshi. Karoshi as phenom in Japan that translate to “over work death” in Japan the work culture is alot more extreme then most people outside of Asia can even comprehend. Japan has a 0 excuse policy in many companies not all but many. In these environment you are expected to finish all the work you are giving no matter how long it takes you. Even if you do finish your work you are not permeated to leave until anyone who is your senior is finished and you are expected to go help then instead of going home to see your family. In 2012 a documentary film maker by the name of allegra Pacheco visited Japan when she heard about the concept and was shocked to see how common this was. She would follow salavery men from their jobs and would discover dozens of them would pass out on the streets or on bus rides from complete exhaustion unable to even make it home or even move. these extreme hours leads to Japan having a high percent of work related deaths from stress heart attacks and sadly self inflicted. As of 2022, 23 percent of Japanese workers logged more than 80 hours of over time each month. Because this 1 and 5 Japanese workers are at risk of passing away from Karoshi. The Japanese government never even acknowledged this problem. That was until a 24 year old who had logged 105 hours of over time, wrote on social media that she was physically and emotionally shattered and leaped off a tall building to her end. Unfortunately this isn’t uncommon. Bcc said that it is the single highest C.O.D of men aged 20-44 in the country. there is even an infamous unalive your self forest in Japan that is the go to spot to do so. This forest gained world wide acknowledge when controversial youtuber Logan Paul went there for a day of vlogging and filmed a victim of karaoshi while his friends laughed. Understand that this a different culture don’t judge them to harshly. Im not saying this work culture is okay but its a very complicated subject. There is a theory that this was Japan’s way of restoring its economy after world war 2. with a your company is your family and you should give it all to them mindset. I dont think these traits of these phenom are a exactly comparable to oda for one reason. Oda does thing willingly. no one is forcing him to do this with his level of wealth and influence he could easy retire or reallocate the more time consuming work but instead he opts to take on the brunt of the load. This doesn’t make his fans any less concerned. Based on odas own words and interviews with his editors Oda works 21 hours of a day. The few hours he sleeps is often not even concurrent but instead broken up into 30 minute intervals through his workday whenever he gets a chance. That way he doesn’t have to relocate and can get back to work faster. When he does sleep the 3 straight hours he aims for 2am-to 5am. That way he is still the first back at the office. Other mangaka in the industry refere to oda a machine. As even though he is producing a weekly manga his art is on pare with months release manga. as where manga like Vinland saga have entire months to work on releases oda has to come out with a chapter and episode every single week and it still competes with the season series in quality. He does all this with working with the smallest team possible so he can fill more attached to his work. This goes so far that when he has to re tell passed events. He re draws them instead of reusing old art work to save time like most artist. His editors reportedly thinks and talks about one piece 24/7 even when he isn’t working. When his editor Naoki Kawashima joined odas team he said oda told him to “die for One Piece” he went on to insure him. If you destroy your health do to your work ethic. I will forever take care of your family financially. Dont think of this as oda being a bad boss. Just a acknowledge of series they take what they are creating. I watched and read dozen of interviews in peroration for this video and I couldn’t find 1 of his employee that had anything negative to say about him. Everyone who has worked for oda said it it so fun and welcoming environment. That when you see how hard he works it makes you want to work hard to and do your part to contribute to the greatness that is one piece. Oda doesn’t even want fame he just wants to create a great series. In all his interviews he hinds his face or request to have it covered in post edits. Japan loves oda. He can’t walk down the street without be swarmed by fans. In his interview grown man giggle with glee everytime he speaks. Which makes me happy they respect him as much as I do. That being said his unhealthy life leaves them very worried and oda knows his fans are concerned. even after 20 years he work schedule has eased up. In a 2021 tv interview oda opened up about he doesn’t have time to bathe, shave or even eat. He has got so lost in work that his asstaince have to come and ask him to please eat something. He does just forget sometime but other times he doesn’t eat on purpose. in 2012 oda said “The only way I can think of new ideas is to think about it alot without sleeping and eating. Because humans can only come up with truly new ideas when they reach they’re limit. So every time I am done with my manuscript I am completey exhausted.” This statement is beautiful but sad to me. Especially when you factor that oda has got moderate diabetes and goutes as a result of his work schedule and being in his work chair for so many hours at a time. In the same interview he said he always bathes before seeing his family to wash off his work mode. but that he rarely gets a chance to see them. As we mentioned, after Naruto ended kishimoto bragged to oda he can now talk a walk with his son when ever he wanted as a flex to oda about finally finishing his series as a fellow obsessive he knew the kinda pressure oda lives under and the sacfrices he is making. Them have a personal relationship may have been a way of kishmoto pleading for oda to take a break, as they have even been to each others houses. Oda only gets to visit his home once a week as he sleeps in his studio the other 6 days. So his only sees his daughters and wife 4 times a month. One reason is he finds this necessary to keep his weekly deadlines. The 2nd but sadder reason is oda fears if he spends more time with them than that he will want to stop making one piece because he will miss his family to much… one of the only times oda wandered if he should quit one piece was on one of his weekly visits his daughter said “dad you are to busy to spend time with me” Oda is currently Bringing in 30 million dollars a year from one piece royalties alone. He is currently the richest mangaka to ever live. So he is dedication to his craft is completly by choice as he has long since passed the threadsold of retirement wealth. Oda keeps going to make all of his fans and people who believe in him proud. In a marizine interview in 2017 oda said “My fans are worried about my short sleep but sleep is just a waste of time I prefer collecting information for manga. I want to become a robot that doesn’t need sleep. Even when I go on trips with my family I dont sleep much” This level of obligation for his fans is endearing but it was his loyalty to his formal sensei that would cause the most damaging controversy in oda’s entire career. In November of 2017 Tokyo Metropolitan Police lead a a raid on a residents house they had been investigating on suspicion of the sell of CP. During the analysis of the purps computer they found the evidence they needed but also a link that lead them Shockingly to the one and only Nobuhiro Watsuki. Yes the creator of rurouni kenshin and Sensei to our own Eichhiro Oda. Shortly after watsuki house and studio was raided. The investigators suspicions where unfortunately confirmed and over a 100 dvd was confiscated as evidence. With some of the victims of the tapes being as young as 10 years old. He was arrested and during the interrogation he immediately confessed and went into a unnecessary amount of detail to the investigators “I like girls in the higher grades of elementary school to the second grade of junior High” After he was charged shuisha put his series on indefinite hiatus. This sent shock ways through Japan as up to this point he was one of best selling and most respected mangakas ever and lots of new rising talent came from his tutor-edge. His reputation was tarnished but he controversially received the lightest sentence legally possible. A fine of only 1800 $ and never served a single day in jail. People where understandably out raged when it became public. Which is how oda stumbled into the cross hairs of this PR disaster. It all started with a tweet from shonen jump stating oda and watauski will be doing a joint interview on April 24th 2020. During the q and a Oda was asked what it was like working for watsuki and oda said “ I worked for him just under 4 months. Which Maybe the happiest moment in my entire life." The fanbase was instantly split down the middle. With one side declaring that even remebering fondly about someone who did what watsuki was charged was blasphemy and that it was in away supporting him. This side even share a short lived “Cancel Oda” hash tag. The other side felt like since oda has never done anything of the sort him self and didn’t know anything about it, he shouldn’t be forced to rewrite his history that lead him to where he is now. Even Watuski wife didn’t know what he was up to. Oda has only have good things said about him from his employees and from what i can tell is a great kind person who has donated lots of money to charities and his hometown. even though i am bias as a one piece super fan. I think the truth as always lies somewhere in the middle. Oda is without a doubt though one of the greatest and most successful writers in human history but let me know what you think of Oda Sensei in the comments. Video: https://youtu.be/obwz7ewVwnY 📷 ReplyForward submitted by Empty_Advice7902 to OnePiece [link] [comments] |
2023.05.31 02:14 svet_sedov China SVET Review and Analysis
The People’s Republic of China (PRC) is the world’s emerging superpower. However, it is also a country facing a growing number of economical, social, and ecological issues.
China’s GDP exceeds $11 trillion dollars, making it the second largest in the world after the US. Despite this, its rate of economic growth has sharply dropped to 6% in 2016 from 9% in 2013. The PRC has a highly centralized and government-managed economy, along with strictly regulated political life. Notwithstanding, some Chinese provinces are allowed to pursue independent economic policies.
China officially has a multi-party political system. However, in practice, there is only one party that holds significant power — the Communist Party of China (CPC), which was founded on July 1, 1921. The CPC’s ideology is based on the Marxist-Leninist doctrine introduced by Karl Marx (a Prussian economist) and Friedrich Engels (a German philosopher and businessman) in the 1880s. This doctrine was later supplemented by the theory of Socialism by Vladimir Ulyanov-Lenin (a Russian politician and revolutionary).
The doctrine postulates that society is composed of two major economic classes — the working people (exploited) and the bourgeoisie (exploiters). According to this theory, a global economic crisis will lead to a revolution, with the working class taking control of the world and the bourgeoisie being eliminated. Ultimately, capitalism will cease to exist, and communism (where goods are freely available and nobody works) will prevail. Mao Zedong, the founder of the CPC, adapted this theory to the Chinese context by including Chinese farmers in the definition of the working class.
The PRC government plays a central role in both the political and economic aspects of China. The CPC governs China through an administrative pyramid, with the Central Committee (Politburo) and the National Congress at the top.
The National Congress is comprised of over 2000 delegates who are elected mainly from local CPC committee members. This assembly convenes for a two-week session in Beijing once a year. The 22 Chinese provinces are managed by regional governors appointed by the Central Committee, and their primary objective is to fulfill the CPC’s goal of achieving GDP growth. The government operates based on five-year plans.
The list of other political parties in China includes:
Revolutionary Committee of the Kuomintang (53,000 members, representing Taiwan residents in China); China Democratic League (130,000 members, mainly composed of the middle class); China Democratic National Construction Association (69,000 members, consisting of entrepreneurs); China Association for Promoting Democracy (64,000 members, primarily intellectuals); Chinese Peasants’ and Workers’ Democratic Party (65,000 members, representing government employees); Zhigongdang of China (15,000 members, representing overseas Chinese); Jiusan Society (68,000 members, comprising individual professionals); Taiwan Democratic Self-Government League (1,600 members, including prominent Chinese celebrities). All of these parties are aligned with and support the CPC in its major initiatives and policies. Opposition to the CPC is not tolerated.
Economic Review
Administratively China consists of 22 provinces, 5 autonomous regions, 4 municipalities directly under the central government, and 2 special administrative regions.
China’s main economic regions:
Eastern Coastal Region: This region includes provinces like Guangdong, Jiangsu, and Zhejiang, as well as Shanghai. It has been a major driver of China’s economic growth due to its proximity to international trade routes and its well-developed infrastructure. The Eastern Coastal Region contributes approximately 45–50% to China’s GDP. Western Region: The Western Region comprises provinces such as Sichuan, Chongqing, and Yunnan, as well as the Tibet Autonomous Region. This region is known for its rich natural resources, including minerals, energy, and agricultural products. The Western Region contributes around 15–20% to China’s GDP. Central Region: The Central Region includes provinces such as Henan, Hubei, and Hunan. It is characterized by a mix of industries, including manufacturing, agriculture, and services. The Central Region contributes roughly 15–20% to China’s GDP. Northeastern Region: The Northeastern Region consists of provinces like Liaoning, Jilin, and Heilongjiang. Historically, this region was a vital industrial base for heavy machinery, mining, and manufacturing. However, it has faced economic challenges in recent years. The Northeastern Region contributes approximately 7–10% to China’s GDP. Pearl River Delta: The Pearl River Delta is a highly urbanized and economically dynamic region located in Guangdong Province. It encompasses cities like Guangzhou, Shenzhen, and Dongguan. Known as a manufacturing and export hub, it has played a pivotal role in China’s economic growth. The Pearl River Delta contributes around 10–15% to China’s GDP. Yangtze River Delta: The Yangtze River Delta region covers Shanghai and the surrounding provinces of Jiangsu and Zhejiang. It is one of the most economically developed and prosperous regions in China. With a strong focus on finance, manufacturing, and services, the Yangtze River Delta contributes approximately 20–25% to China’s GDP. China’s Latest Economic Updates
Stock Market
The Shanghai Composite rose from 2892 in November 2022 to 3284 (as of May 17, 2023).
Currency
Yuan rose from 6.7 in Jan 2023 to 7.0 as of May 17, 2023
Employment
In March 2023, China’s surveyed urban unemployment rate decreased to 5.3%, the lowest in seven months, from February’s 5.6%. Those aged 25–59 saw their jobless rate drop to 4.3% from 4.8% in February, while those aged 16–24 increased to 19.6% from 18.1%. The unemployment rate in 31 large cities and towns also declined to 5.5% from 5.7%.
Employees’ average weekly working hours across China increased to 48.7 in March from 47.9 in February. In the first quarter of 2023, the unemployment rate slightly declined to 5.5% from 5.6% in Q4 2022. The government has set a target of around 5.5% for the year, with the creation of approximately 12 million new urban jobs. China has also set a 2023 GDP growth target of about 5%.
GDP
China’s economy grew by 2.2% (SA) in Q1–2023, the third consecutive quarter of expansion following the removal of travel restrictions in Dec-2022 and a three-year crackdown on tech firms and property. However, the uneven recovery showed that while consumption, services, and infrastructure spending picked up, slowing inflation and rising bank savings led to doubts about demand.
In Mar-2023, the central bank cut lenders’ reserve requirements for the first time in 2023 and Beijing promised more fiscal stimulus.
Inflation
In April of 2023, China’s inflation rate declined to 0.1% from the previous month’s 0.7%, which was lower than anticipated. The decrease in prices for both food and non-food items was due to an unstable economic recovery after the enclosure policy was lifted. Food prices fell notably due to lower prices of pork and fresh vegetables, while non-food prices fell due to lower prices for transportation and housing. Inflation for health remained steady, while education costs increased.
Trade
Country’s exports rose unexpectedly by 14.8% YoY to a high of USD 315.59B in March 2023, rebounding sharply from a 6.8% drop in January-February combined and beating market consensus of a 7% fall. It was the first advance in shipments since September 2022 as Beijing boosts trade with developed countries and emerging economies. Steel products (53.2%) and refined products (35.1%) were the largest contributors. Exports to China’s largest partner, ASEAN, rose 35.43%, while those to the EU (3.38%) and Russia (136.43%) also increased. Conversely, exports fell to Japan (-4.8%), Taiwan (-27.6%), and the US (-7.68%), while they expanded to Australia (23.7%) and South Korea (11.3%).
SVET Analysis Space (A-):
Advantages:
Strategic location: China is located in the heart of Asia, which gives it a strategic location to engage in trade and diplomacy with neighboring countries. China also has access to the Pacific Ocean, which allows it to trade with countries in the Americas and Oceania. Natural resources: China has significant reserves of coal, iron ore, and other minerals. The country is also the world’s largest producer of rare earth elements, which are essential in the manufacturing of high-tech products. This resource base has fueled China’s economic growth over the past few decades. Agricultural productivity: China has a large and fertile agricultural base, which allows it to produce significant amounts of food. The country is the world’s largest producer of rice and wheat, and it has made significant advances in crop yields through the use of technology and modern farming practices. Disadvantages:
Natural disasters: China is prone to natural disasters such as earthquakes, floods, and typhoons, which can cause significant damage to infrastructure and disrupt the economy. Resource depletion: China’s rapid economic growth has led to the depletion of some of its natural resources, such as water and arable land. This depletion can lead to environmental degradation and food insecurity in the future. Energy dependence: Despite having significant reserves of coal, China is also heavily dependent on imported oil and gas to meet its energy needs. This dependence makes the country vulnerable to supply disruptions and price fluctuations on the global market. Voice (C):
Pluses:
Stability: The Chinese government prioritizes maintaining stability and order in the country, which has helped to ensure social cohesion and economic growth. Economic development: China’s political system has enabled it to pursue policies that have led to rapid economic growth and development over the past few decades. Nationalism: The Chinese government emphasizes the importance of national unity and pride, which has helped to foster a strong sense of identity among Chinese citizens. Strategic planning: The government’s focus on long-term planning has enabled China to achieve its ambitious economic and geopolitical goals. Minuses:
Lack of political freedom: The Chinese government tightly controls political expression and restricts freedom of speech, assembly, and association, which has led to criticism from human rights groups. State control: The government’s control over the economy and key industries can stifle innovation and limit the potential for private sector growth. Lack of transparency: The Chinese government is known for being opaque in its decision-making processes, which can lead to uncertainty for businesses and investors. Human rights violations: The government’s policies towards ethnic minorities, such as the Uighur population in Xinjiang, have been criticized by the international community for alleged human rights abuses. Ethos (B-):
Han Chinese: The Han Chinese are the largest ethnic group in China, accounting for over 90% of the population. They enjoy the most favorable treatment from the government and have access to the best jobs, education, and healthcare. However, this has led to some resentment from minority groups who feel marginalized. Ethnic minorities: There are 55 recognized ethnic minority groups in China, including Tibetans, Uighurs, Mongolians, and others. They often face discrimination and limited opportunities for advancement. Some minority groups, such as the Uighurs in Xinjiang, have also been subject to government repression. Rural residents: China’s rural population is around 40% of the total population. They often have limited access to education, healthcare, and job opportunities compared to urban residents. However, the government has implemented policies to try to bridge this gap, such as investing in rural infrastructure and offering subsidies to farmers. Urban residents: China’s urban population is growing rapidly and has access to more job opportunities, education, and healthcare than rural residents. However, this has also led to increased competition for resources and rising income inequality. Time (B-):
Positive scenarios:
Continued economic growth: China’s economy has been growing rapidly over the past few decades, and it is likely to continue. This could result in increased prosperity and an improved standard of living for many Chinese citizens. Technological advancement: China has made significant strides in technology and innovation, and this trend is likely to continue. This could result in China becoming a global leader in technology, creating new industries and high-paying jobs. Improved infrastructure: China has been investing heavily in infrastructure, such as high-speed rail and new airports, which can improve transportation and connectivity and stimulate economic growth. Increased global influence: As China’s economy and political influence continue to grow, it could become a dominant player on the global stage, shaping international politics and economics. Negative scenarios:
Environmental degradation: China’s rapid economic growth has resulted in severe environmental problems, such as air and water pollution. If this trend continues, it could have severe consequences for public health and the environment. Social inequality: China’s economic growth has also created significant social inequalities, with a wealthy urban elite and a poorer rural population. This could result in social unrest and instability. Political repression: The Chinese government’s increasing control over the media and the internet, and its crackdowns on dissent, could result in greater political repression. Economic slowdown: China’s economic growth has already slowed in recent years, and if this trend continues, it could result in job losses and economic instability, which could have global consequences. Overall
The Chinese reforms were initiated by Deng Xiaoping (1978–1992) in the late 1970s. These reforms aimed to open up China to foreign investment, encourage private enterprise, and modernize various sectors of the economy. As part of these reforms, the number of directly controlled industries was drastically reduced. Additionally, the number of price-controlled goods decreased from approximately 300 to around 20.
With that said, the government still exercises strict regulatory oversight and establishes guidelines and policies that private businesses must adhere to. State-owned enterprises (SOEs) continue to play a significant role in the Chinese economy and frequently receive preferential treatment and support from the government.
Those policies were continued under Jiang Zemin (1993–2003), during which China was accepted into the World Trade Organization (WTO) on December 11, 2001, and also under Hu Jintao (2003–2013). However, when Xi Jinping (2013-present) assumed power, there was a gradual shift towards increased direct control over the economy and the establishment of a more centralized system. This change was accompanied by the active implementation of mass-surveillance technologies.
That happened synchronously with the end of the world’s latest 80-year-long generational cycle, which began in the 1940s and 1950s. This cycle was characterized by massive political decentralization, resulting in the emergence of several dozen new states between 1940 and 2000. After the 2007–2008 debts debacle, this cycle of economic expansion, driven by the exploitation of readily available resources, came to a close. However, it was artificially extended for the next 15 years through the easing of monetary policies pursued simultaneously by central banks worldwide.
That led to an unprecedented growth of private businesses worldwide. It was accompanied by increased prosperity and a rising level of education across all segments of the population. Small and medium-sized entrepreneurs, particularly in the high-tech industry, began to assume leading positions in the economic landscape. However, this economic progress was not accompanied by significant political reforms.
The old class of hereditary, mostly populist politicians, who often lacked education, managed to stay in power throughout that period, largely due to the outdated electoral system based on indirect political representation. However, when blockchain technologies were utilized to establish algorithmic consensus and enable effective direct governance, this new system faced resistance from entrenched political clans in all countries, resulting in its suppression.
China is currently at the forefront of this trend, with its political class focused on leveraging high-tech advancements to achieve both economic efficiency and comprehensive political control. However, there are two significant obstacles that China faces along this path.
Firstly, China is confronted with a shrinking population. In recent years, the country has undergone a substantial demographic shift characterized by an aging population and a decline in the working-age population. This is partially attributed to the one-child policy that was enforced from 1979 to 2016, resulting in a diminished labor force and a growing proportion of elderly individuals.
Secondly, there is a culmination of the resource-exploration and expansionist phase of global economic growth, accompanied by escalating political and military tensions worldwide. This situation is likely to result in a reduction of China’s import markets and an increased dependence on a less-competitive domestic market. Consequently, this could potentially lead to a scenario of stagflation, characterized by stagnant economic growth coupled with high inflationary pressures.
Faced with these fundamental challenges, it is highly probable that China will resort to aggressive and militaristic policies in an attempt to expand its territory directly or enforce its economic dominance in the Asian region through alternative means.
China is expected to continue on its trajectory towards increased global dominance through local conflicts and enhanced technological control over the economy and population over the next 15–20 years. However, this trend could be altered by a new wave of decentralization, which would require a significant deviation from current policies.
Such a shift may occur when not only the current generation of older politicians, but also the subsequent one (which is likely to further reinforce the existing trend), is replaced by “enlightened” technocrats who advocate for a return to decentralized approaches in both politics and economics.
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2023.05.30 21:19 LincHamilton The Banano daily jungle discussion
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2023.05.30 20:55 check-itout Avila Energy
Edit with the Docs app Make tweaks, leave comments, and share with others to edit at the same time. NO THANKSUSE THE APP
Avila Energy: A Special Situation Investment with Potential for a 1450% Return Avila Energy: A Special Situation Investment with Potential for a 1450% Return
Penny Queen pick 05.29.2023
TL:DR Avila is a profitable oil and gas company in Canada with preferred, North American rights to the Ener-Twin consumer power plants. This clean technology is projected to generate gross sales of up to $25 million in 2024. Avila has entered into a business combination agreement to uplist to the Nasdaq through the $INAQ SPAC. I place the value of Avila around 30 cents US without the SPAC. Completion of the SPAC could put the share value at 85 cents US.
Because I see the company as being undervalued, and because Avila would also have to pay a penalty to break the agreement, I see this special situation as less risky at this price point. As a reminder, the PQTF peak gains on the prior three special situation stocks have been 146%, 889% and 1370%, but had major issues that if played incorrectly, could have cost people a lot of money. As always, prior performance is not indicative of future performance. I do have a position and intend to do more purchasing and will continue to re-evaluate. As always trading is risky, this is not advice and I am not a financial advisor.
I have done my best to represent the facts as I know them, if you find any errors, please let me know:
[email protected] I have also created a subreddit and will have a channel available in the Penny Queen Discord. XO, PQ
Avila Energy (CA: VIK, OTC: PTRVF), an established Canadian oil and gas producer, is on the verge of a potentially transformative merger that could bring immense rewards for its shareholders. The company has agreed to combine with Special Purpose Acquisition Company (SPAC) Insight Acquisition (NYSE: INAQ).
The proposed transaction, as detailed at the link below, will allow for Avila to up-list onto the Nasdaq, enhance its ongoing carbon-neutral business strategy, and further strengthen the capitalization of the company with an expected combined entity market cap of over $190 Million.
This article will discuss the specifics of the deal, Avila's potential to diversify its revenue stream, and how it presents a rare special situation investment opportunity that could potentially lead to a total return of 1450%.
A Breakdown of the Deal
The Avila and Insight Acquisition merger is a complex one, but is potentially extremely lucrative for existing Avila shareholders. Under the agreement, Insight will continue from the State of Delaware to the Province of Alberta and acquire Avila in an amalgamation pursuant to a court-approved plan of arrangement under Alberta law.
According to the agreement, the fully diluted common shares of Avila, currently numbering 150,540,414, will be exchanged for 12,580,000 common shares of Insight Acquisition. This exchange ratio translates to about 11.97 shares of Avila for each share of Insight Acquisition.
Avila shareholders will own the following interest in the post-closing combined company:
100% Redemption (Proceeds retained from trust of US$ 1,250,000) 67.2% by Avila's shareholders;
50% Redemption (Proceeds retained from trust of US$15,781,215) 62.4% by Avila's shareholders;
0% Redemption (Proceeds retained from trust of US$29,062,430) 57.9% by Avila's shareholders.
At present, Avila shares trade at USD $0.0588 (5.88 cents), while Insight Acquisition shares trade at USD $10.23. However, given the merger and based on the exchange ratio, the post-merger price for each Avila share is projected to rise to around $0.855. This implies a staggering potential increase of up to 1450% for Avila shareholders, and forms the basis of the arbitrage opportunity that Avila presents as a special situation investment.
Avila Energy and Its Future
Looking beyond the merger, Avila Energy presents an interesting opportunity as a stand-alone company
Avila's strategic growth plan is divided into three phases:
- Upstream, where it plans to invest towards becoming a low-cost, carbon-neutral energy producer.
- Downstream, diversifying its revenue stream through the development of direct-to-consumer sales, aiming to boost demand, margins, and profitability.
- Providing customers with the option to convert to Avila’s developing hydrogen-fueled solutions, expected to be commercially available in 2027, as part of its Corporate Vision.
The company has a diversified and growing portfolio of 100%-owned and operated wells, three oil and natural gas processing facilities, 150,000 acres of leased exploration rights, and over 300 kms of gathering and sales pipelines.
The P&L displays robust numbers with $3.08 M in net revenue, more than 50% margins, with the majority of the revenue attributable to clean burning natural gas.
Avila currently has a 2P valuation of CAD $30.7 Million and a 1P valuation of CAD $7.8 Million with a current market cap of CAD $8.9 Million. As of year-end 2022, the company also had CAD $6.5 Million of cash, CAD $2.067 Million of Debt, and a positive shareholder equity of CAD $53.17 Million. These third-party audited reserves, as presented below from Deloitte, are a vast value relative to the company’s current market cap.
Reserves Highlights
Avila Energy’s reserves on a Proven + Probable basis (2P) for the Company is 5,256,100 BOE valued at CAD$30.734 million based on a net present value discounted 10% before income taxes (NPV10% BT).
The CAD $30.734 million is an estimate of future cash flows and do not necessarily represent fair market value and is supported by a sustainable capital program of CAD $10.432 million for proved reserves and CAD $17.517 million for proved plus probable reserves.
The Company’s Reserves Evaluation before income tax at NPV10 by region is as follows:
East Central Central Alberta (Donalda)
Category
Oil (bbl)
Nat Gas (Mcf)
Liquids (bbl)
Total (BOE)
Before Tax Cash Flow
Proven Developed Producing (PDP)
3,802,800
2,700
638,500
$ 3,462,100
Proven Developed (DP)
6,974,600
4,900
1,167,300
$ 7,832,500
Total Proven (TP)
9,179,500
6,400
1,536,400
$ 9,019,100
Total Proven + Probable (2P)
11,609,600
8,100
1,943,100
$ 11,007,100
West Central Alberta (Ferrybank)
Category
Oil (bbl)
Nat Gas (MCF)
Liquids (bbl)
Total (BOE)
Before Tax Cash Flow
Proven Developed Producing (PDP)
31,900
3,337,200
39,200
627,300
$ 4,382,900
Proven Developed (DP)
39,400
5,919,800
90,500
1,116,500
$ 8,143,300
Total Proven (TP)
154,800
11,190,600
206,700
2,226,600
$ 14,853,300
Total Proven + Probable (2P)
416,100
15,578,700
283,100
3,295,700
$ 19,700,000
Minor - Property (2P)
14,200
14,200
$ 30,800
Company Total Proven + Probable(2P)
430,300
27,188,300
291,200
5,256,100
$ 30,734,100
Financials
Below are the financials of the company for the previous four quarters presented below in Canadian currency and in accordance with the International Financial Reporting Standards (“IFRS”).
Reporting Period
Q4– 2022
December 31
Q3– 2022
September 30
Q2– 2022
June 30
Q1– 2022
March 31
Total assets
68,871,879
59,823,671
10,603,851
4,613,850
Property and equipment
43,522,045
33,083,752
3,694,901
1,196,482
Exploration and evaluation assets
12,154,901
14,709,550
1,616,201
1,616,201
Working capital surplus/(deficit)
3,876,247
1,902,424
5,269,084
1,467,571
Equity
53,168,454
34,814,953
4,052,330
2,736,226
Gross revenues (1)
1,217,299
923,268
752,428
513,110
Net revenues
1,088,904
841,204
706,107
445,316
Gross REV ($/bbl)
38.84
42.87
58.86
38.16
NET REV ($/bbl)
34.49
39.06
53.51
33.07
OPEX ($/bbl)
26.76
10.47
14.81
19.04
NOI ($/bbl)
7.73
28.59
38.71
14.03
Total BOE for the Quarter
34,275
21,535
13,195
13,466
Heavy Crude Oil (bbl/d)
36.31
53.1
36.5
19.56
Conventional Natural Gas (mcf/d)
2,002.9
1,070.3
581.3
743.9
Natural Gas Liquids (bbl/d)
0.97
2.39
24.22
16.17
Operating Costs
1,022,614
225,495
195,384
256,452
Total other items
(1,219,994)
2,363,790
32,003
Total Expenses
1,198,132
562,745
188,788
130,385
Income (loss) before income taxes
(2,351,836)
2,416,753
353,938
58,479
Basic income (loss) per share
(0.05)
0.06
0.01
0.00
Diluted income (loss) per share
(0.03)
0.04
0.01
0.00
Clean Energy Future
Moreover, beyond being a traditional oil company, Avila is set to launch its “Vertically Integrated Energy Business, through its partnership with MTT. Supported by over a decade of R&D, including Avila's equity investment in Micro Turbine Technology (MTT), this venture promises to leverage innovative cleantech. Avila is aiming to deliver its first direct-to-consumer energy sales in North America in 2023. It also is targeting net-zero tier 3 (scope 3) CO2 emission energy for consumers by 2027.
The EnerTwin is a small, environmentally friendly power plant that simultaneously produces heat and electricity using the smallest gas turbine in the world. It runs on natural gas, LPG, biomethane, and hydrogen mixes, and thereby facilitates the energy transition to a low-carbon future in buildings.
Avila Energy says it has purchased a license for the manufacturing and marketing of the EnerTwin in the North American market. Beginning in 2026, Avila plans to sell 50,000 EnerTwin systems in North America as part of an integrated offering that also includes the provision of energy to their end customers.
To achieve this goal, the company has laid out the following timeline:
1) 2nd quarter of 2023 the preparation and filing of the application for the Canadian Standards Association (“CSA”) and Underwriter Laboratories (“UL”) Certifications for the EnerTwin in North America, based on past applications for CSA approval of KIWA certified equipment. The Company has estimated that this process is anticipated to 10-12 months in duration. 1st half of 2023 the commencement of pre-sales and servicing of the EnerTwin that are conditional on the Company attaining CSA and UL approval. In the event that the CSA and UL approval is not attained, the sales would be refunded to customers.
2) The development of the Company’s manufacturing of the EnerTwin, including the assembly or 3rd part manufactured subassemblies and the final testing prior to shipping to the customer. The ramp up of this manufacturing facility is to be completed in parallel to the CSA approval, with the first 100 installations being demonstration installations to be replace by CSA approved equipment within targeted markets in North America utilizing the EnerTwin as KIWA Certified equipment.
3) Initial contracts are anticipated to be executed 3 months after receiving CSA Certification.
The Company’s Vertically Integrated Energy Business is based on the following assumptions:
a) Power, Heat, Cooling and Daily Transportation in one invoice;
b) Reduce Consumers Carbon footprint by 40% and save the consumer money;
c) Mitigates concern for brownouts and protection from increasing transmission fees;
d) Fixed Contract plus only an annual inflation adjustment; and
e) Capacity to transition to Hydrogen in the future.
The Company’s long-term goal is to allocate a portion of its natural gas production to its newly acquired customers as a source of fuel with the cost of energy being billed to the customer at a fixed price plus an annual inflation rate adjustment. The Company’s strategy is to include the delivery of fuel and the maintenance, under long-term contracts that offers price stability. The Company plans to continue to still sell their current suite of customers in addition to the newly acquired customers from the Vertically Integrated Business.
The Company assumes early market development will qualify for government subsidies both in Canada and the United States as an efficient upgrade and or substitute for current heating and cooling. For example, the Company anticipates that the EnerTwin will qualify under the existing Canadian Greener Homes Program which will offer rebates on eligible home retrofits.
Conclusion: A Rare Opportunity
Special situation investments like Avila's proposed SPAC up listing do not come often. They offer a chance for significant potential returns but are also complex and require a deep understanding of the specifics of the deal. For Avila shareholders, the potential upside of 1450% presents a remarkable opportunity. However, potential investors should conduct their own research and due diligence or consult with a financial advisor before making any decisions. With Avila's strong business foundation, ambitious future plans, and the exciting prospect of itsup listing through the merger with Insight Acquisition, the future indeed looks bright.
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2023.05.30 20:54 check-itout Avila Energy
Edit with the Docs app Make tweaks, leave comments, and share with others to edit at the same time. NO THANKSUSE THE APP
Avila Energy: A Special Situation Investment with Potential for a 1450% Return Avila Energy: A Special Situation Investment with Potential for a 1450% Return
Penny Queen pick 05.29.2023
TL:DR Avila is a profitable oil and gas company in Canada with preferred, North American rights to the Ener-Twin consumer power plants. This clean technology is projected to generate gross sales of up to $25 million in 2024. Avila has entered into a business combination agreement to uplist to the Nasdaq through the $INAQ SPAC. I place the value of Avila around 30 cents US without the SPAC. Completion of the SPAC could put the share value at 85 cents US.
Because I see the company as being undervalued, and because Avila would also have to pay a penalty to break the agreement, I see this special situation as less risky at this price point. As a reminder, the PQTF peak gains on the prior three special situation stocks have been 146%, 889% and 1370%, but had major issues that if played incorrectly, could have cost people a lot of money. As always, prior performance is not indicative of future performance. I do have a position and intend to do more purchasing and will continue to re-evaluate. As always trading is risky, this is not advice and I am not a financial advisor.
I have done my best to represent the facts as I know them, if you find any errors, please let me know:
[email protected] I have also created a subreddit and will have a channel available in the Penny Queen Discord. XO, PQ
Avila Energy (CA: VIK, OTC: PTRVF), an established Canadian oil and gas producer, is on the verge of a potentially transformative merger that could bring immense rewards for its shareholders. The company has agreed to combine with Special Purpose Acquisition Company (SPAC) Insight Acquisition (NYSE: INAQ).
The proposed transaction, as detailed at the link below, will allow for Avila to up-list onto the Nasdaq, enhance its ongoing carbon-neutral business strategy, and further strengthen the capitalization of the company with an expected combined entity market cap of over $190 Million.
This article will discuss the specifics of the deal, Avila's potential to diversify its revenue stream, and how it presents a rare special situation investment opportunity that could potentially lead to a total return of 1450%.
A Breakdown of the Deal
The Avila and Insight Acquisition merger is a complex one, but is potentially extremely lucrative for existing Avila shareholders. Under the agreement, Insight will continue from the State of Delaware to the Province of Alberta and acquire Avila in an amalgamation pursuant to a court-approved plan of arrangement under Alberta law.
According to the agreement, the fully diluted common shares of Avila, currently numbering 150,540,414, will be exchanged for 12,580,000 common shares of Insight Acquisition. This exchange ratio translates to about 11.97 shares of Avila for each share of Insight Acquisition.
Avila shareholders will own the following interest in the post-closing combined company:
100% Redemption (Proceeds retained from trust of US$ 1,250,000) 67.2% by Avila's shareholders;
50% Redemption (Proceeds retained from trust of US$15,781,215) 62.4% by Avila's shareholders;
0% Redemption (Proceeds retained from trust of US$29,062,430) 57.9% by Avila's shareholders.
At present, Avila shares trade at USD $0.0588 (5.88 cents), while Insight Acquisition shares trade at USD $10.23. However, given the merger and based on the exchange ratio, the post-merger price for each Avila share is projected to rise to around $0.855. This implies a staggering potential increase of up to 1450% for Avila shareholders, and forms the basis of the arbitrage opportunity that Avila presents as a special situation investment.
Avila Energy and Its Future
Looking beyond the merger, Avila Energy presents an interesting opportunity as a stand-alone company
Avila's strategic growth plan is divided into three phases:
- Upstream, where it plans to invest towards becoming a low-cost, carbon-neutral energy producer.
- Downstream, diversifying its revenue stream through the development of direct-to-consumer sales, aiming to boost demand, margins, and profitability.
- Providing customers with the option to convert to Avila’s developing hydrogen-fueled solutions, expected to be commercially available in 2027, as part of its Corporate Vision.
The company has a diversified and growing portfolio of 100%-owned and operated wells, three oil and natural gas processing facilities, 150,000 acres of leased exploration rights, and over 300 kms of gathering and sales pipelines.
The P&L displays robust numbers with $3.08 M in net revenue, more than 50% margins, with the majority of the revenue attributable to clean burning natural gas.
Avila currently has a 2P valuation of CAD $30.7 Million and a 1P valuation of CAD $7.8 Million with a current market cap of CAD $8.9 Million. As of year-end 2022, the company also had CAD $6.5 Million of cash, CAD $2.067 Million of Debt, and a positive shareholder equity of CAD $53.17 Million. These third-party audited reserves, as presented below from Deloitte, are a vast value relative to the company’s current market cap.
Reserves Highlights
Avila Energy’s reserves on a Proven + Probable basis (2P) for the Company is 5,256,100 BOE valued at CAD$30.734 million based on a net present value discounted 10% before income taxes (NPV10% BT).
The CAD $30.734 million is an estimate of future cash flows and do not necessarily represent fair market value and is supported by a sustainable capital program of CAD $10.432 million for proved reserves and CAD $17.517 million for proved plus probable reserves.
The Company’s Reserves Evaluation before income tax at NPV10 by region is as follows:
East Central Central Alberta (Donalda)
Category
Oil (bbl)
Nat Gas (Mcf)
Liquids (bbl)
Total (BOE)
Before Tax Cash Flow
Proven Developed Producing (PDP)
3,802,800
2,700
638,500
$ 3,462,100
Proven Developed (DP)
6,974,600
4,900
1,167,300
$ 7,832,500
Total Proven (TP)
9,179,500
6,400
1,536,400
$ 9,019,100
Total Proven + Probable (2P)
11,609,600
8,100
1,943,100
$ 11,007,100
West Central Alberta (Ferrybank)
Category
Oil (bbl)
Nat Gas (MCF)
Liquids (bbl)
Total (BOE)
Before Tax Cash Flow
Proven Developed Producing (PDP)
31,900
3,337,200
39,200
627,300
$ 4,382,900
Proven Developed (DP)
39,400
5,919,800
90,500
1,116,500
$ 8,143,300
Total Proven (TP)
154,800
11,190,600
206,700
2,226,600
$ 14,853,300
Total Proven + Probable (2P)
416,100
15,578,700
283,100
3,295,700
$ 19,700,000
Minor - Property (2P)
14,200
14,200
$ 30,800
Company Total Proven + Probable(2P)
430,300
27,188,300
291,200
5,256,100
$ 30,734,100
Financials
Below are the financials of the company for the previous four quarters presented below in Canadian currency and in accordance with the International Financial Reporting Standards (“IFRS”).
Reporting Period
Q4– 2022
December 31
Q3– 2022
September 30
Q2– 2022
June 30
Q1– 2022
March 31
Total assets
68,871,879
59,823,671
10,603,851
4,613,850
Property and equipment
43,522,045
33,083,752
3,694,901
1,196,482
Exploration and evaluation assets
12,154,901
14,709,550
1,616,201
1,616,201
Working capital surplus/(deficit)
3,876,247
1,902,424
5,269,084
1,467,571
Equity
53,168,454
34,814,953
4,052,330
2,736,226
Gross revenues (1)
1,217,299
923,268
752,428
513,110
Net revenues
1,088,904
841,204
706,107
445,316
Gross REV ($/bbl)
38.84
42.87
58.86
38.16
NET REV ($/bbl)
34.49
39.06
53.51
33.07
OPEX ($/bbl)
26.76
10.47
14.81
19.04
NOI ($/bbl)
7.73
28.59
38.71
14.03
Total BOE for the Quarter
34,275
21,535
13,195
13,466
Heavy Crude Oil (bbl/d)
36.31
53.1
36.5
19.56
Conventional Natural Gas (mcf/d)
2,002.9
1,070.3
581.3
743.9
Natural Gas Liquids (bbl/d)
0.97
2.39
24.22
16.17
Operating Costs
1,022,614
225,495
195,384
256,452
Total other items
(1,219,994)
2,363,790
32,003
Total Expenses
1,198,132
562,745
188,788
130,385
Income (loss) before income taxes
(2,351,836)
2,416,753
353,938
58,479
Basic income (loss) per share
(0.05)
0.06
0.01
0.00
Diluted income (loss) per share
(0.03)
0.04
0.01
0.00
Clean Energy Future
Moreover, beyond being a traditional oil company, Avila is set to launch its “Vertically Integrated Energy Business, through its partnership with MTT. Supported by over a decade of R&D, including Avila's equity investment in Micro Turbine Technology (MTT), this venture promises to leverage innovative cleantech. Avila is aiming to deliver its first direct-to-consumer energy sales in North America in 2023. It also is targeting net-zero tier 3 (scope 3) CO2 emission energy for consumers by 2027.
The EnerTwin is a small, environmentally friendly power plant that simultaneously produces heat and electricity using the smallest gas turbine in the world. It runs on natural gas, LPG, biomethane, and hydrogen mixes, and thereby facilitates the energy transition to a low-carbon future in buildings.
Avila Energy says it has purchased a license for the manufacturing and marketing of the EnerTwin in the North American market. Beginning in 2026, Avila plans to sell 50,000 EnerTwin systems in North America as part of an integrated offering that also includes the provision of energy to their end customers.
To achieve this goal, the company has laid out the following timeline:
1) 2nd quarter of 2023 the preparation and filing of the application for the Canadian Standards Association (“CSA”) and Underwriter Laboratories (“UL”) Certifications for the EnerTwin in North America, based on past applications for CSA approval of KIWA certified equipment. The Company has estimated that this process is anticipated to 10-12 months in duration. 1st half of 2023 the commencement of pre-sales and servicing of the EnerTwin that are conditional on the Company attaining CSA and UL approval. In the event that the CSA and UL approval is not attained, the sales would be refunded to customers.
2) The development of the Company’s manufacturing of the EnerTwin, including the assembly or 3rd part manufactured subassemblies and the final testing prior to shipping to the customer. The ramp up of this manufacturing facility is to be completed in parallel to the CSA approval, with the first 100 installations being demonstration installations to be replace by CSA approved equipment within targeted markets in North America utilizing the EnerTwin as KIWA Certified equipment.
3) Initial contracts are anticipated to be executed 3 months after receiving CSA Certification.
The Company’s Vertically Integrated Energy Business is based on the following assumptions:
a) Power, Heat, Cooling and Daily Transportation in one invoice;
b) Reduce Consumers Carbon footprint by 40% and save the consumer money;
c) Mitigates concern for brownouts and protection from increasing transmission fees;
d) Fixed Contract plus only an annual inflation adjustment; and
e) Capacity to transition to Hydrogen in the future.
The Company’s long-term goal is to allocate a portion of its natural gas production to its newly acquired customers as a source of fuel with the cost of energy being billed to the customer at a fixed price plus an annual inflation rate adjustment. The Company’s strategy is to include the delivery of fuel and the maintenance, under long-term contracts that offers price stability. The Company plans to continue to still sell their current suite of customers in addition to the newly acquired customers from the Vertically Integrated Business.
The Company assumes early market development will qualify for government subsidies both in Canada and the United States as an efficient upgrade and or substitute for current heating and cooling. For example, the Company anticipates that the EnerTwin will qualify under the existing Canadian Greener Homes Program which will offer rebates on eligible home retrofits.
Conclusion: A Rare Opportunity
Special situation investments like Avila's proposed SPAC up listing do not come often. They offer a chance for significant potential returns but are also complex and require a deep understanding of the specifics of the deal. For Avila shareholders, the potential upside of 1450% presents a remarkable opportunity. However, potential investors should conduct their own research and due diligence or consult with a financial advisor before making any decisions. With Avila's strong business foundation, ambitious future plans, and the exciting prospect of itsup listing through the merger with Insight Acquisition, the future indeed looks bright.
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2023.05.30 20:52 check-itout Avila Energy
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Avila Energy: A Special Situation Investment with Potential for a 1450% Return Avila Energy: A Special Situation Investment with Potential for a 1450% Return
Penny Queen pick 05.29.2023
TL:DR Avila is a profitable oil and gas company in Canada with preferred, North American rights to the Ener-Twin consumer power plants. This clean technology is projected to generate gross sales of up to $25 million in 2024. Avila has entered into a business combination agreement to uplist to the Nasdaq through the $INAQ SPAC. I place the value of Avila around 30 cents US without the SPAC. Completion of the SPAC could put the share value at 85 cents US.
Because I see the company as being undervalued, and because Avila would also have to pay a penalty to break the agreement, I see this special situation as less risky at this price point. As a reminder, the PQTF peak gains on the prior three special situation stocks have been 146%, 889% and 1370%, but had major issues that if played incorrectly, could have cost people a lot of money. As always, prior performance is not indicative of future performance. I do have a position and intend to do more purchasing and will continue to re-evaluate. As always trading is risky, this is not advice and I am not a financial advisor.
I have done my best to represent the facts as I know them, if you find any errors, please let me know:
[email protected] I have also created a subreddit and will have a channel available in the Penny Queen Discord. XO, PQ
Avila Energy (CA: VIK, OTC: PTRVF), an established Canadian oil and gas producer, is on the verge of a potentially transformative merger that could bring immense rewards for its shareholders. The company has agreed to combine with Special Purpose Acquisition Company (SPAC) Insight Acquisition (NYSE: INAQ).
The proposed transaction, as detailed at the link below, will allow for Avila to up-list onto the Nasdaq, enhance its ongoing carbon-neutral business strategy, and further strengthen the capitalization of the company with an expected combined entity market cap of over $190 Million.
This article will discuss the specifics of the deal, Avila's potential to diversify its revenue stream, and how it presents a rare special situation investment opportunity that could potentially lead to a total return of 1450%.
A Breakdown of the Deal
The Avila and Insight Acquisition merger is a complex one, but is potentially extremely lucrative for existing Avila shareholders. Under the agreement, Insight will continue from the State of Delaware to the Province of Alberta and acquire Avila in an amalgamation pursuant to a court-approved plan of arrangement under Alberta law.
According to the agreement, the fully diluted common shares of Avila, currently numbering 150,540,414, will be exchanged for 12,580,000 common shares of Insight Acquisition. This exchange ratio translates to about 11.97 shares of Avila for each share of Insight Acquisition.
Avila shareholders will own the following interest in the post-closing combined company:
100% Redemption (Proceeds retained from trust of US$ 1,250,000) 67.2% by Avila's shareholders;
50% Redemption (Proceeds retained from trust of US$15,781,215) 62.4% by Avila's shareholders;
0% Redemption (Proceeds retained from trust of US$29,062,430) 57.9% by Avila's shareholders.
At present, Avila shares trade at USD $0.0588 (5.88 cents), while Insight Acquisition shares trade at USD $10.23. However, given the merger and based on the exchange ratio, the post-merger price for each Avila share is projected to rise to around $0.855. This implies a staggering potential increase of up to 1450% for Avila shareholders, and forms the basis of the arbitrage opportunity that Avila presents as a special situation investment.
Avila Energy and Its Future
Looking beyond the merger, Avila Energy presents an interesting opportunity as a stand-alone company
Avila's strategic growth plan is divided into three phases:
- Upstream, where it plans to invest towards becoming a low-cost, carbon-neutral energy producer.
- Downstream, diversifying its revenue stream through the development of direct-to-consumer sales, aiming to boost demand, margins, and profitability.
- Providing customers with the option to convert to Avila’s developing hydrogen-fueled solutions, expected to be commercially available in 2027, as part of its Corporate Vision.
The company has a diversified and growing portfolio of 100%-owned and operated wells, three oil and natural gas processing facilities, 150,000 acres of leased exploration rights, and over 300 kms of gathering and sales pipelines.
The P&L displays robust numbers with $3.08 M in net revenue, more than 50% margins, with the majority of the revenue attributable to clean burning natural gas.
Avila currently has a 2P valuation of CAD $30.7 Million and a 1P valuation of CAD $7.8 Million with a current market cap of CAD $8.9 Million. As of year-end 2022, the company also had CAD $6.5 Million of cash, CAD $2.067 Million of Debt, and a positive shareholder equity of CAD $53.17 Million. These third-party audited reserves, as presented below from Deloitte, are a vast value relative to the company’s current market cap.
Reserves Highlights
Avila Energy’s reserves on a Proven + Probable basis (2P) for the Company is 5,256,100 BOE valued at CAD$30.734 million based on a net present value discounted 10% before income taxes (NPV10% BT).
The CAD $30.734 million is an estimate of future cash flows and do not necessarily represent fair market value and is supported by a sustainable capital program of CAD $10.432 million for proved reserves and CAD $17.517 million for proved plus probable reserves.
The Company’s Reserves Evaluation before income tax at NPV10 by region is as follows:
East Central Central Alberta (Donalda)
Category
Oil (bbl)
Nat Gas (Mcf)
Liquids (bbl)
Total (BOE)
Before Tax Cash Flow
Proven Developed Producing (PDP)
3,802,800
2,700
638,500
$ 3,462,100
Proven Developed (DP)
6,974,600
4,900
1,167,300
$ 7,832,500
Total Proven (TP)
9,179,500
6,400
1,536,400
$ 9,019,100
Total Proven + Probable (2P)
11,609,600
8,100
1,943,100
$ 11,007,100
West Central Alberta (Ferrybank)
Category
Oil (bbl)
Nat Gas (MCF)
Liquids (bbl)
Total (BOE)
Before Tax Cash Flow
Proven Developed Producing (PDP)
31,900
3,337,200
39,200
627,300
$ 4,382,900
Proven Developed (DP)
39,400
5,919,800
90,500
1,116,500
$ 8,143,300
Total Proven (TP)
154,800
11,190,600
206,700
2,226,600
$ 14,853,300
Total Proven + Probable (2P)
416,100
15,578,700
283,100
3,295,700
$ 19,700,000
Minor - Property (2P)
14,200
14,200
$ 30,800
Company Total Proven + Probable(2P)
430,300
27,188,300
291,200
5,256,100
$ 30,734,100
Financials
Below are the financials of the company for the previous four quarters presented below in Canadian currency and in accordance with the International Financial Reporting Standards (“IFRS”).
Reporting Period
Q4– 2022
December 31
Q3– 2022
September 30
Q2– 2022
June 30
Q1– 2022
March 31
Total assets
68,871,879
59,823,671
10,603,851
4,613,850
Property and equipment
43,522,045
33,083,752
3,694,901
1,196,482
Exploration and evaluation assets
12,154,901
14,709,550
1,616,201
1,616,201
Working capital surplus/(deficit)
3,876,247
1,902,424
5,269,084
1,467,571
Equity
53,168,454
34,814,953
4,052,330
2,736,226
Gross revenues (1)
1,217,299
923,268
752,428
513,110
Net revenues
1,088,904
841,204
706,107
445,316
Gross REV ($/bbl)
38.84
42.87
58.86
38.16
NET REV ($/bbl)
34.49
39.06
53.51
33.07
OPEX ($/bbl)
26.76
10.47
14.81
19.04
NOI ($/bbl)
7.73
28.59
38.71
14.03
Total BOE for the Quarter
34,275
21,535
13,195
13,466
Heavy Crude Oil (bbl/d)
36.31
53.1
36.5
19.56
Conventional Natural Gas (mcf/d)
2,002.9
1,070.3
581.3
743.9
Natural Gas Liquids (bbl/d)
0.97
2.39
24.22
16.17
Operating Costs
1,022,614
225,495
195,384
256,452
Total other items
(1,219,994)
2,363,790
32,003
Total Expenses
1,198,132
562,745
188,788
130,385
Income (loss) before income taxes
(2,351,836)
2,416,753
353,938
58,479
Basic income (loss) per share
(0.05)
0.06
0.01
0.00
Diluted income (loss) per share
(0.03)
0.04
0.01
0.00
Clean Energy Future
Moreover, beyond being a traditional oil company, Avila is set to launch its “Vertically Integrated Energy Business, through its partnership with MTT. Supported by over a decade of R&D, including Avila's equity investment in Micro Turbine Technology (MTT), this venture promises to leverage innovative cleantech. Avila is aiming to deliver its first direct-to-consumer energy sales in North America in 2023. It also is targeting net-zero tier 3 (scope 3) CO2 emission energy for consumers by 2027.
The EnerTwin is a small, environmentally friendly power plant that simultaneously produces heat and electricity using the smallest gas turbine in the world. It runs on natural gas, LPG, biomethane, and hydrogen mixes, and thereby facilitates the energy transition to a low-carbon future in buildings.
Avila Energy says it has purchased a license for the manufacturing and marketing of the EnerTwin in the North American market. Beginning in 2026, Avila plans to sell 50,000 EnerTwin systems in North America as part of an integrated offering that also includes the provision of energy to their end customers.
To achieve this goal, the company has laid out the following timeline:
1) 2nd quarter of 2023 the preparation and filing of the application for the Canadian Standards Association (“CSA”) and Underwriter Laboratories (“UL”) Certifications for the EnerTwin in North America, based on past applications for CSA approval of KIWA certified equipment. The Company has estimated that this process is anticipated to 10-12 months in duration. 1st half of 2023 the commencement of pre-sales and servicing of the EnerTwin that are conditional on the Company attaining CSA and UL approval. In the event that the CSA and UL approval is not attained, the sales would be refunded to customers.
2) The development of the Company’s manufacturing of the EnerTwin, including the assembly or 3rd part manufactured subassemblies and the final testing prior to shipping to the customer. The ramp up of this manufacturing facility is to be completed in parallel to the CSA approval, with the first 100 installations being demonstration installations to be replace by CSA approved equipment within targeted markets in North America utilizing the EnerTwin as KIWA Certified equipment.
3) Initial contracts are anticipated to be executed 3 months after receiving CSA Certification.
The Company’s Vertically Integrated Energy Business is based on the following assumptions:
a) Power, Heat, Cooling and Daily Transportation in one invoice;
b) Reduce Consumers Carbon footprint by 40% and save the consumer money;
c) Mitigates concern for brownouts and protection from increasing transmission fees;
d) Fixed Contract plus only an annual inflation adjustment; and
e) Capacity to transition to Hydrogen in the future.
The Company’s long-term goal is to allocate a portion of its natural gas production to its newly acquired customers as a source of fuel with the cost of energy being billed to the customer at a fixed price plus an annual inflation rate adjustment. The Company’s strategy is to include the delivery of fuel and the maintenance, under long-term contracts that offers price stability. The Company plans to continue to still sell their current suite of customers in addition to the newly acquired customers from the Vertically Integrated Business.
The Company assumes early market development will qualify for government subsidies both in Canada and the United States as an efficient upgrade and or substitute for current heating and cooling. For example, the Company anticipates that the EnerTwin will qualify under the existing Canadian Greener Homes Program which will offer rebates on eligible home retrofits.
Conclusion: A Rare Opportunity
Special situation investments like Avila's proposed SPAC up listing do not come often. They offer a chance for significant potential returns but are also complex and require a deep understanding of the specifics of the deal. For Avila shareholders, the potential upside of 1450% presents a remarkable opportunity. However, potential investors should conduct their own research and due diligence or consult with a financial advisor before making any decisions. With Avila's strong business foundation, ambitious future plans, and the exciting prospect of itsup listing through the merger with Insight Acquisition, the future indeed looks bright.
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2023.05.30 20:14 Jagrmeister_68 Terminal A LOOKS great but........
So I flew out of the NEW Terminal A at Newark Airport on Friday. Beautiful building, lots of light, smooth TSA screening process,etc.... FLYING BACK HOWEVER..... my United flight was delayed just short of 3hrs from it's initial scheduled landing. There in lies the issue....
I had been planning to take the Airtrain home when I was scheduled to land (as I'm only a short walk from the train station in my town), which was supposed to be about 10pm.
HOWEVER, due to my delay, I landed a little after 1am, . When I a looked for signage for it, I found none. When I asked one of the terminal's worker about it- he informed me that I had to take the shuttle which I would find downstairs at Section 15. So I went there....caught the shuttle- which brought me not to the Airtrain station, but to the car rental station. When I went up the escalator the young woman told me I had to take this monorail to terminal B and then take ANOTHER monorail to the NJT station. I got onto the monorail she TOLD me to get onto, and then proceeded to go one station forward only to have them tell me that I needed to take this same monorail car THE WAY I HAD JUST TRAVELLED because Terminal B was the other way.
So I did just that- and when the doors opened at the car rental station the SAME girl told me "Oh take this to Terminal B".... Now considering the last train comes by the Airport train station at 1:46am, and it was 142am at this point- I knew I wasn't going to make it. So I was going to be stuck at the airport unless I found an alternative route home.
I looked up an Uber from the airport and it was quoting me $64... Got to Terminal B and looked for a Lyft and it was $22..
Arrived home at 232am... Thank you United, Port Authority and NJT and everyone involved with this fraccas of mess that people call TRAVEL. The shuttle that late at night should take people to the AIRTRAIN STATION- NOT THE CAR RENTAL station. Does anyone actually THINK about these things? The shuttle said AIRTRAIN- not CAR RENTAL ....
There needs to be a better way.
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2023.05.30 19:47 Then_Marionberry_259 MAY 30, 2023 NCU.TO NEVADA COPPER ANNOUNCES CLOSING OF PUBLIC OFFERING
| https://preview.redd.it/nrjfhrmpa03b1.png?width=3500&format=png&auto=webp&s=6018cba9317cc52af55edccebb08b37341c16a33 NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES YERINGTON, Nev., May 30, 2023 (GLOBE NEWSWIRE) -- Nevada Copper Corp. (TSX: NCU) (OTC: NEVDF) (FSE: ZYTA) (“ Nevada Copper ” or the “ Company ”) is pleased to announce that it has completed its previously announced public offering of units of the Company (the “ Units ”), which included a partial exercise of the over-allotment option (the “ Over-Allotment Option ”), by a syndicate of underwriters that included Scotiabank, Jett Capital LLC, National Bank Financial, RBC Capital Markets, Research Capital Corporation, and Haywood Securities Inc. The Company issued an aggregate of 196,038,400 Units, including 22,333,400 Units pursuant to the Over-Allotment Option, at a price of C$0.27 per Unit, for aggregate gross proceeds of approximately C$52.9 million (the “ Offering ”). Each Unit consists of one common share of the Company (each a “ Common Share ”) and one-half of one Common Share purchase warrant (each full warrant, a “ Warrant ”, and collectively the “ Warrants ”). Each Warrant is exercisable for one Common Share (each a “ Warrant Share ”) at a price of C$0.34 per Warrant Share until September 30, 2024. The Company intends to use the net proceeds of the Offering and those contemplated under the financing package agreement (as discussed in the Company’s May 9, 2023 news release) to continue funding the restart and ramp-up of the Company’s Pumpkin Hollow underground mine (the “ Underground Mine ”) and for general corporate purposes, including working capital, with the goal of achieving nameplate production capacity of 5,000 tons per day by the end of 2023. Pala Investments Limited (“ Pala ”), the Company’s largest shareholder, purchased an aggregate of 108,442,714 Units under the Offering, representing aggregate gross proceeds of approximately C$29.3 million. In addition, Mercuria Energy Holdings (Singapore) Pte. Ltd. (“ Mercuria ”), another significant shareholder of the Company, purchased 24,814,814 Units under the Offering, for an aggregate purchase of approximately C$6.7 million. After closing of the Offering, Pala’s ownership interest in the Company on a non-diluted basis has increased from approximately 43% to approximately 47% and Mercuria’s ownership interest in the Company on a non-diluted basis has decreased from approximately 24% to approximately 23% (inclusive of 46,000,000 Common Shares and 25,848,765 Common Shares acquired by Pala and Mercuria, respectively, upon exercise of a portion of their existing Common Share purchase warrants issued in connection with the Company’s October 2022 financing). As previously announced, Pala has agreed to exercise the balance of the Common Share purchase warrants issued in connection with the Company’s October 2022 financing subject to the expiry of a review period or clearance in respect of anticipated filings under the United States Hart-Scott-Rodino Antitrust Improvements Act of 1976 (“ HSR Clearance ”) to permit Pala to exceed a majority ownership interest in the Company. The exercise of the foregoing Common Share purchase warrants by Pala, together with the prior Common Share purchase warrant exercise, will reduce approximately US$82 million of debt obligations owing by the Company to Pala. Upon receipt of HSR Clearance and the completion of the subsequent Common Share purchase warrant exercise, Pala’s ownership interest in the Company on a non-diluted basis is expected to increase to approximately 61.7%. The Company anticipates obtaining HSR Clearance in approximately 60 days. The Company has also drawn the remaining US$10 million of the US$25 million amount that was added to the Company’s senior credit facility with KfW IPEX-Bank GmbH, as tranche A-2, as part of the Company’s October 2022 financing. As previously announced, concurrent with closing of the Offering, Pala and Mercuria have entered into a deferred funding agreement in favour of the Company, pursuant to which Pala and Mercuria will provide up to US$15 million and US$10 million, respectively, subject to certain conditions, to be drawn pro rata by the Company, if required, until June 30, 2024. These funds, if required, will be advanced in exchange for Common Shares, convertible debt and/or non-convertible debt of the Company. In addition, as announced in the Company’s May 9, 2023 news release, Pala had also agreed to provide US$10 million in debt funding to the Company, US$5.5 million of which was advanced prior to announcement of the Offering. The additional US$4.5 million in debt funding was subject to certain conditions, including, but not limited to, the reduction on a dollar-for-dollar basis of the funding if the Over-Allotment Option was exercised. Given the partial exercise of the Over-Allotment Option, Pala was not required to fund the additional US$4.5 million commitment. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. About Nevada Copper Nevada Copper (TSX: NCU) is the owner of the Pumpkin Hollow copper project located in Nevada, USA with substantial mineral reserves and resources including copper, gold and silver. Its two permitted projects include the higher-grade Underground Mine and processing facility, which is undergoing a restart of operations, and a large-scale open pit PFS stage project. Randy Buffington President & CEO For additional information, please see the Company’s website at [www.nevadacopper.com*](http://www.nevadacopper.com), or contact:* Tracey Thom Vice President, IR and Community Relations [ [email protected]](mailto: [email protected]) +1 775 391 9029 Cautionary Language on Forward Looking Statements This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts are forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements that relate to the achievement of the nameplate capacity of the production at the Underground Mine and the timing thereof, timing of HSR Clearance and the subsequent exercise by Pala of Common Share purchase warrants. There can be no assurance that ramp-up of the Underground Mine and the achievement of nameplate production capacity will occur or will not cost more than expected and require the Company to raise additional financing. There can be no assurance that any such additional financing will be available on terms that are favourable to the Company or at all. Forward-looking statements and information include statements regarding the expectations and beliefs of management. Often, but not always, forward-looking statements and forward-looking information can be identified by the use of words such as “plans”, “expects”, “potential”, “is expected”, “anticipated”, “is targeted”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements or information should not be read as guarantees of future performance and results. They are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and events to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such risks and uncertainties include, without limitation, those relating to: the ability of the Company to complete the restart and ramp-up of the Underground Mine within the expected cost estimates and timeframe; the impact of COVID-19 on the business and operations of the Company; the state of financial markets; history of losses; dilution; adverse events relating to milling operations, construction, development and restart and ramp-up, including the ability of the Company to address underground development and process plant issues; ground conditions; cost overruns relating to development, construction restart and ramp-up of the Underground Mine; loss of material properties; interest rate increases; global economy; limited history of production; future metals price fluctuations; speculative nature of exploration activities; periodic interruptions to exploration, development and mining activities; environmental hazards and liability; industrial accidents; failure of processing and mining equipment to perform as expected; labor disputes; supply problems; uncertainty of production and cost estimates; the interpretation of drill results and the estimation of mineral resources and reserves; changes in project parameters as plans continue to be refined; possible variations in ore reserves, grade of mineralization or recovery rates from management’s expectations and the difference may be material; legal and regulatory proceedings and community actions; accidents; title matters; regulatory approvals and restrictions; increased costs and physical risks relating to climate change, including extreme weather events, and new or revised regulations relating to climate change; permitting and licensing; dependence on management information systems and cyber security risks; volatility of the market price of the Company’s securities; insurance; competition; hedging activities; currency fluctuations; loss of key employees; other risks of the mining industry as well as those risks discussed in the Company’s Management’s Discussion and Analysis in respect of the year ended December 31, 2022 and in the section entitled “Risk Factors” in the Company’s Annual Information Form dated March 20, 2023. The forward-looking statements and information contained in this news release are based upon assumptions management believes to be reasonable, including, without limitation: no adverse developments in respect of the property or operations at the project; no material changes to applicable laws; the restart and ramp-up of operations at the Underground Mine in accordance with management’s plans and expectations; no material adverse impacts from COVID-19 going forward; the Company will be able to obtain sufficient additional funding to complete the restart and ramp-up of the Underground Mine, no material adverse change to the price of copper from current levels; and the absence of any other factors that could cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information and statements are stated as of the date hereof. The Company disclaims any intent or obligation to update forward-looking statements or information except as required by law. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking information and statements, there may be other factors that could cause actions, events or results not to be as anticipated, estimated or intended. Specific reference is made to “Risks and Uncertainties” in the Company’s Management’s Discussion and Analysis in respect of the year ended December 31, 2022 and “Risk Factors” in the Company’s Annual Information Form dated March 20, 2023, for a discussion of factors that may affect forward-looking statements and information. Should one or more of these risks or uncertainties materialize, should other risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results and events may vary materially from those described in forward-looking statements and information. For more information on the Company and the risks and challenges of its business, investors should review the Company’s filings that are available at www.sedar.com. The Company provides no assurance that forward-looking statements and information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. https://preview.redd.it/ky46rwppa03b1.jpg?width=150&format=pjpg&auto=webp&s=31e51415d35c9c58f42db1b0806ce7e88e491cd3 https://preview.redd.it/pze44uqpa03b1.png?width=4000&format=png&auto=webp&s=4cefcb7fd07f35e3e5510548793018454ab78df6 submitted by Then_Marionberry_259 to Treaty_Creek [link] [comments] |
2023.05.30 18:58 MommyHonkerDonkers My Copilot Is A Neckbeard #45
Hey there ReddX gang, it looks like I finally got a bit of time to write, so let’s not delay any longer and get into another story about Chris.
Who is Chris? Chris is a very fat and sweaty man surrounded by an impenetrable aura of poopycum stinkystank. He is a grotesque goblin content to dwell in his own personal dark triad of meth, anime, and lot lizards. Chris and I both used to work for a trucking company – a major one – and him and I would take turns driving our big rig down the road. Things were usually okay when Chris was driving, but when Chris’s shift would come to an end, or worse yet, when we would pull over for the night, Chris would find himself free to do Chris things. You know the things. Then, despite my best efforts to make him bathe and behave, it was all in vain, and we would descend just a little bit further into madness. Thankfully, I no longer have to ride with Chris.
Last installment we were introduced to Christina. Do you not know who Christina is? Well, maybe you should go and look up that last post, or better yet, go and listen to the narration of it as done by our good pal ReddX. Christina really was the feminine counterpart to the poopycum man. Well, after some sly maneuvering, I managed to escape the clutches of this wily bovine.
Now, I woke up the following morning to find both truck doors still locked and I thanked myself that my comfortable sanctuary had not been breached in the night by the poopycum people. I looked at my clock and realized that we were getting a bit late in the morning and that we needed to get on the road. Begrudgingly, I got out of bed, put on my shoes, and went out into the travel plaza to locate the gruesome twosome. I didn’t have to go far. I found Chris and his sister outside of the convenience store, wolfing down microwaved carbs, grease, and high fructose corn syrup like they a couple pigs in a trough. I came up, Chris dismissively remarking hey, and Christina replying with a sultry “good morning honker donkers” which I ignored. I turned to Chris, pretending his sister didn’t exist, and said, “we gotta get on the road, dude. Are you ready?” He shoved half a hot dog down into his mouth as if to deep throat the thing and said, “yeah, let’s go. Come on Christina.”
We all got back to the truck and I jumped in the passenger seat first that morning, taking us out of our parking space and further down the road. I figured I’d get my drive time out of the way first so that I could make my money without having to fight with Chris, and alternatively, if Christina drove the afternoon, I could spend it in relative peace without fear of molestation. Of course, that first shift was hell. Christina was still in heat – swampy, musky heat – and kept trying to coo her way into giving me road head. Thankfully, Chris was still the same scum that he was from yesterday and made things too awkward even for the beast beside me for her to make her moves. Every time she got a little too close to me, I’d find some way to rouse Chris’s attention and he would fluster her with his incestuous masturbatory desires.
When my shift finally came to an end, I got up and headed to the back to relax in my bunk while Chris and Christina fought over the driver’s seat. Chris shouted, “dude! I haven’t drove at all this whole trip! I need to make money so I can get some new figures for my army. Get up Christina,” to which Christina replied, “shove it. Just ask dad for some money. I wanna drive the truck.” Well, Chris wasn’t having it. I guess dad had been cutting him off as of late and gave the landwhale a hard shove, sending her careening into the side of the truck, causing the whole rig to rock back and forth. She came back and lunged at Chris and they started throwing blows at each other. I didn’t intervene, of course. I sincerely doubted either of them had the required upper body strength to actually injure the other. No, I let them get tired. Christina gave up first and said, “fine! Drive the damn truck! I’ll just go hang out with honker donkers.” At this, my ears perked up, I got up from my bunk, and plopped down in the passenger seat – a place only big enough for one person mind you – and Christina cast me a sour look. She knew I didn’t want to be anywhere near her, but that didn’t seem to stop her from still trying to put on the moves. With a dejected sigh, she waddled towards the back, and I screamed, “you better not lay down on my bunk,” and she said, “fuck you, I’m not going to lay in your bed.” Chris did his pre-drive checklist before casting a glance over to me, mumbling, “women, am I right or what, bro,” before putting his phone on the dongle and pressing play. We pulled onto the road to the throaty cries of “nani? Baka!”
As we drove, I did my best to ignore the people about me, grateful that I was safe with Chris driving the truck. I descended into my book as best I could while the poopycum man took us down the road. I was doing a good job pretending I wasn’t there, of course, but it certainly didn’t last forever. Somewhere around the hour mark, however, a symphony of squeaking bedsprings arrested my attention. Chris even looked away from his podcast for a minute and locked eyes with me, and we exchanged a what the fuck moment. Cautiously, I looked over my shoulder towards the back of the cab.
The ham planet had made herself comfortable in my bed, alright. Too comfortable. Her languid, throaty breaths punctuated the awkward scene before me. Her swollen red ass was firmly planted on my bed and she sat there, one hand lifting up her sagging belly, the other fondling her yawning crevasse. She smiled coyly as she saw that I had turned around and motioned for me to approach, but I did not dare to do so. I recoiled in absolute disgust, letting out a “what the Hell are you doing?” Chris swerved a bit at my outburst but managed to stay on the road. My disgust only elevated exponentially when I saw that the hand that touched her rancid cooch held something in it. “What the fuck is that?”
She smiled wryly as she held up a dirty old sock, and I practically gagged. She replied, “Even if you don’t come here inside me, I’ve got your come inside me.” I dry-heaved for a moment as Chris said, “what the Hell is going on back there?” Pale as a ghost, I mumbled, “dude, she’s masturbating with an old sock.” Chris swerved again. “Oh fuck. Christina, where did you get that sock?”
Things got real quiet real fast. Christina mumbled, “I got it off of honker donker’s laundry hamper. I can tell he must have been thinking about me when he used it.” I shuddered. I don’t beat off into socks in the back of the truck cab, and even if I had done it, I certainly hadn’t done it today. Whatever hypothetical cum sock she had found would have been long dried up from the night before if I had made one. No, somebody else’s cum was on that sock. She smiled wryly as she lifted it up and played with a sticky strand of goo that adhered to the fabric before pulling her fingers down to her snatch and I gagged.
“Christina,” I said slowly, “that isn’t my sock.” She retorted, “don’t lie, it was on your hamper,” and I practically yelled at Chris “why are you throwing your cum socks in my laundry basket, bro?” Chris said, “I didn’t throw a cum sock in your laundry basket honker donkers, for fuck’s sake. What the Hell is Christina doing back there?” I described the scene to Chris, telling him, “well, she must have found a cumsock of yours from today and she’s rubbing it into her ax wound.” Christina paused for a minute, a strand of that goopy jizz hanging from her lips to the sock and I practically threw up. I rolled down the window and heaved for a minute as the gravity of the situation was dawning on me. Christina had grabbed one of Chris’s cumsocks, thinking that somehow it was mine and still had a trace of viable seed on it, and began rubbing it into her vagoo.
Christina cooed, “what’s wrong, honker donkers? I’m sure you taste even better when you’re fresh,” and I practically shouted, “That’s Chris’s sock!” Things got real quiet as the gravitas of the situation kicked in for both Chris and Christina. Christina instantly flew into a rage, throwing down the cumsock and waddling up behind the driver’s seat and began to beat Chris on the back of the head. The truck swerved left and right, and I started yelling, “Chris! Brakes!” I pressed the hazards and grabbed the wheel while he tried to shield his head and slowly decelerate us to a stop while Christina screeched about how Chris had just raped her. The whole deceleration, Chris was pummeled by his sister’s hamfists, until we finally made it to the shoulder of the road with the hazards on. The whole time, Christina, half-naked and shrieking, accused Chris of having tricked her into inseminating herself with his poopysplooge.
Chris got up from where he sat and started to throw blows against his sister, the useless and ineffectual impacts of each combatant wailing upon each other’s heads with little to no actually damage inflicted. I figured they would tire themselves out eventually, and when things finally did settle down, Christina collapsed into a sobbing, half-naked mess, still clutching the gnarly sock that contained her brother’s fetid ejaculate. She lifted up a corner of it and used to wipe a tear that trickled down her cheek. Across from her, Chris stared ahead for a thousand miles, comatose and catatonic.
I didn’t break the silence. I just listened to the wails in meditative silence. Finally a choked sob came from Christina. “You’re… you’re just messing with me, right?” I came back hard and unapologetic. “At what time between then and now did you think I went into the back and rubbed one out? In the two minutes you guys were fighting over the driver’s seat, did you think I whipped it out and spanked it? I’m not gross like either of you two.” The wails intensified. Chris continued to gaze into the abyss, wondering just what in the Hell had led to this culmination of events. When things started to calm down, Christina whined and sniveled and said, “well, what happens now?”
I remarked that she should probably go head to a hospital and get checked for STDs. I mentioned Chris’s long history of having unprotected sex with truck stop tutes, which he fervently denied in the moment, calling me a liar, but I persisted and said that that was the best course of action for her. She should probably go get checked out. She curled into a ball in the back while Chris looked at me with a scowl and said, “dude, I can’t believe you’re telling lies about me like that. Why would I ever sleep with a prostitute bro? I’m an alpha pussy magnet.” I said, “whatever, fat boy, get back in the driver’s seat and get your sister to the hospital so they can take a look at her.”
Begrudgingly, he got up from where he sat and got to the driver’s seat, starting the truck up again and taking us off the shoulder in a tense and awkward silence. Not even the cries of “nani? Baka!” serenaded us as we went down the road, the gravitas of such a situation apparent to even one poopycum man who was otherwise oblivious about everything. We rode for about an hour before we finally came off the interstate on the of Amarillo, and Chris drove us into a hospital. Christina got up from the back and sullenly walked towards the hospital entrance while Chris and I sat there in quiet.
We exchanged a look between each other, a silent, “so what do we do now,” before Chris mumbled, “I guess I’ll call in to dispatch and let them know what’s going on.” I replied that that would be the best, and so Chris picked up the radio receiver and Chris told dispatch, verbatim, “hey, uh, dispatch, this is Chris, and we’ve had to stop at a hospital. I guess my sister found one of my cum socks and used it to masturbate and now she needs to get checked out because she’s worried about STDs or something.” The line crackled in awkward silence. I tried not to cackle with laughter. He could have stopped at “I had to drop my sister off at the hospital” and that was that. Well, it took about a minute to get a response. I’m sure dispatch was wondering just what the Hell Chris was even talking about, and trying to come to terms with that awkward sentence he had given them. Eventually, dispatch got back to us. They wanted to know how long we would be. Chris said there was no current ETA at the moment.
Eventually, we were told to sit tight, and Chris and I sat back in the truck, letting the hours whittle away while we waited for Christina to get checked out. He was a man of few words then, just repeating to himself, “I can’t believe this happened,” and “god, my sister is such a stupid slut.” I couldn’t disagree on either of those points, of course, and so I held my tongue too. We must have sat in that lot for several hours, before Chris shot upright and yelled, “it’s not fair!”
I didn’t reply. Something was bothering the big guy, obviously, and I wasn’t about to invite it out of him because I didn’t give a damn. He launched into a rant about how he never wanted to take his stupid sister out on the road anyway because women don’t know how to drive trucks and she was a disgusting beast who shouldn’t have masturbated with his laundry and now he was gonna be late for the drop off which was eating into his time for roaming the lots looking for drugs and lizards. All these things were true, but like I said, the last thing I wanted to do was encourage him. When finally he tuckered himself out with all his whining and complaining, he collapsed into the driver’s seat once again in sullen silence. I have anticipated for him to start up, again. Quietly, he mumbled, “so, do you think she’s gonna keep it?”
I was mortified at the thought. Another hour passed in awkward silence before we could see Christina come barreling down the parking lot towards the truck. When she hoisted herself into the cab, the truck lurched under her weight and she came in, sullen faced and more disturbed than ever. I didn’t ask her what happened, but Chris was eager to know. The short summary is that the hospital gave her something called prep, which is basically a medicine to guard against HIV infection, and a morning after pill for her to take on her own time. When Chris heard the mention of the morning after pill, he started up, “so you’re just gonna kill our baby like that?” Christina loudly voiced what everyone was thinking. “What the fuck is wrong with you, Chris? Ugh, god forbid if anything even took root, of course I’m going to kill it.”
This precipitated a long argument as Chris pulled us out of the lot, shouting over his shoulder that his sister was a disgusting infanticidal sow and that it was morally repugnant for her to terminate the life of a small child, even, yes, if it was forged in the poopycum passion of a serial molester’s mistake. I let this get more and more heated, of course. I wanted it to end, don’t get me wrong, but at this point, I was banking on them becoming so antagonistic to each other that either Chris or Christina quiet and I could continue the night in relative peace. The good lord must have been listening to my prayer that evening, because eventually Christina shouted, “screw you! I’m calling daddy!” and she whipped out her phone to call her father.
She ranted into the mouthpiece that Chris was a disgusting subhuman troglodyte (accurate) and that he was also a gross pervert (also a fact) and that she didn’t think she could hack the trucking lifestyle if she had to copilot with Chris. Her father, doting on daddy’s girl, I can only assume, responded something, and she continued, “fine, I’ll be there in an hour.” She turned to Chris in a huff and told him to take her to the airport. My reprieve had come. Chris didn’t do that, though. He pulled over the truck, told her to go screw herself with a used splooge sock, and that she could walk home. Christina did get out of the truck, presumably to call a cab.
I never did encounter Christina again, but according to Chris’s reckoning, their dad placed her in another truck to learn under someone else, and my heart went out for that poor soul who inevitably was sexually assaulted by her discolored nipnops and yeasty odor. Thankfully, no poopycum child was ever forged by Christina’s spoiled eggs and Chris’s stagnant seed, either, because that, my friends, would have truly been an abomination against all that is holy. I don’t know if Christina got the clap or the herp or any of that, but my best is safely on, yes, it happened.
After she left, Chris and I were surprisingly sympatico for the next two days. I almost felt a debt to the poopycum man for saving me from his sister’s sexual wiles by way of his own disgusting degenerate nature, but I never expressed it. The last thing I wanted him to think was that I was approving of him jacking off in the truck again and giving him carte blanche to do so. We never spoke of her again, though from time to time, when I would walk through the yard office back in California, I would catch the odd wafting fragrance of curdling yeast and wondered if Christina actually did manage to get herself into a company truck. I would not be surprised.
And that, my friends, concludes today’s installment, but don’t you guys a worry, because even though the real world is calling my name, I’ll be back in the not too distant future with yet another story about everyone’s favorite opprobrious little cumstain, Chris.
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2023.05.30 18:30 BlocksUnited Building Wealth Using Alternative Investments
| This is article 3/10 in Part I of our series, How To Build Wealth and Grow Your Wealth Through Staking. We’ll discuss alternative investments and how they can make valuable additions to your portfolio. We hope you learn something and enjoy! https://preview.redd.it/jzy93n85e13b1.jpg?width=1280&format=pjpg&auto=webp&s=f1b39196a8a26cd9f9a57339b780822ed98298a4 Key Takeaways - Commodities, like precious metals, oil, timber and wheat
- Futures contracts
- Exchange Traded Funds (ETFs)
- Stocks in exploration and production companies
- Infrastructure assets
- Master Limited Partnerships (MLPs)
- Cryptocurrencies
- Collectibles
- Private equity
- Private credit
- Hedge funds
- Venture capital
For links to resources in the article and to see the FAQs, please read this article on our blog. Types of Alternative Investments If you are looking to build wealth, alternative investments might be something to consider. They can provide diversification and potentially higher returns than traditional investments, like stocks, bonds, or real estate. It’s important to note that alternative investments come with a higher level of risk and may not be suitable for all investors. Some examples of alternative investments include: 1. Commodities like gold, oil, timber, and wheat can act as a hedge against inflation and add diversification to a portfolio. These types of investments are often volatile, but can also provide a good return over the long term. There are several ways to invest in commodities, including: - Futures Contracts can be bought or sold for commodities such as crude oil, gold, and agricultural products. These contracts allow investors to speculate on the future price of the commodity at a future date.
- Exchange-Traded Funds (ETFs) provide investors with exposure to a basket of commodities and can be bought and sold like stocks.
- Mutual funds that invest in commodities or companies involved in the commodity industry.
- Some investors choose to hold physical commodities such as gold bullion or silver coins.
- Investing in stocks of companies involved in commodity production and exploration, like mining or oil companies.
2. Infrastructure assets like roads, bridges, and airports can provide a stable source of income and can be a good hedge against inflation. https://preview.redd.it/olstnx58e13b1.png?width=1105&format=png&auto=webp&s=690bbb4740733fcbb79be0986389a1876d664ebc These investments can be made through infrastructure funds, municipal bonds, or by directly investing in infrastructure projects. 3. A Master Limited Partnership (MLP) is a type of business structure. They are usually formed by companies in the energy sector to raise capital for expansion and growth. MLPs are structured as partnerships, rather than taxed at the corporate level. They avoid double taxation and pay out a significant portion of their income to shareholders as dividends. As a result, MLPs are attractive to income-focused investors. 4. Cryptocurrencies, like Bitcoin and Ethereum use cryptography for security. Cryptocurrencies are decentralized and operate on a blockchain. Public blockchains are transaction databases that function as distributed ledgers. Transaction records are kept by decentralized miners and validators, instead of on a centralized corporate server. These blockchains operate independently of governments and central banks. We run validator nodes that create and verify blocks for Polygon, Cosmos Hub, and Kava. There are risks associated with investing in cryptocurrency. The lack of oversight and regulation can make crypto investors more susceptible to fraud and hacking. Plus, cryptocurrency values can fluctuate rapidly, so it can be difficult to value and predict the performance of these investments. 5. Collectibles, like art, rare coins, stamps, and vintage wines are alternative investments. They can be illiquid, however. That means that in the event of a financial emergency, it may be difficult to sell the collectible quickly or at a fair price. https://preview.redd.it/esqlnk8be13b1.jpg?width=1247&format=pjpg&auto=webp&s=48041743ed6d96d76653a06ea13db3ada2c9c98d Alternative investments, like collectibles, may require a high level of expertise to make money. For example, investing in fine art requires knowledge of the art market, the value of different artists, and knowing how to value its condition. Similarly, investing in rare coins, stamps, or vintage wines requires knowledge of those markets. You must know the rarity, condition, and historical significance. 6. Private equity investments are ownership stakes in a private company or a portfolio of private companies. These investments are usually only made available to institutional investors or high-net-worth individuals. These investments are not publicly traded on stock exchanges. Private equity firms typically aim to generate returns through a combination of operational improvements and financial engineering. Examples are leveraged buyouts, growth capital investments, and turnaround investments. They are considered to be high-risk, high-return opportunities that are not suitable for all investors. 7. Private credit investments allow high-net-worth individuals to lend money to private institutions. These loans offer higher yields than many publicly traded bonds, but can be difficult to sell if you need money fast. 8. Hedge funds use a variety of investment strategies, like long/short, leverage, and derivatives to generate returns. Hedge funds can be a good option for investors who are willing to accept higher levels of risk in exchange for potentially higher returns. They are generally only available for accredited investors, having $1 million or more liquid net worth. 9. Venture Capital invests in early-stage startups and can be a high-risk, high-reward option for investors. VC investments typically require a significant amount of capital and a long-term time horizon. https://preview.redd.it/attxfxaee13b1.jpg?width=2240&format=pjpg&auto=webp&s=c256a020819fcc5a73d1fc5b50bbcc63e1b8e3db Well-known VC companies are Andreessen Horowitz, Pantera Capital, and Sequoia Capital. Alternative investment management fees, performance fees, and transaction fees may be high. These fees reduce your returns and should be considered. Another important factor to consider is the level of expertise required. Venture capital, private equity, private credit, and hedge funds require a high level of knowledge. They are less suitable for the average investor, but alternative investments like real estate and commodities can be more accessible to the average investor. These investments are often easier to understand. Diversification is key. Investing in a variety of alternative investments can help spread out the risk and increase the chances of achieving your investment goals. In addition, be aware of the tax implications of alternative investments. Consult with a tax professional or financial advisor to understand how they may affect you. Alternative investments include commodities, infrastructure assets, MLPs, cryptocurrencies, collectibles, private equity, hedge funds, and venture capital. They can generate higher returns than traditional investments, but it’s important to understand the level of expertise required, potential risks, tax implications, liquidity, and fee structure. Be on the lookout for the next article in the How To Build Wealth Series: Alternative Investment: Affiliate Marketing. The information contained in this article and the resources available for download through our website is not intended as, and shall not be understood or construed as, financial advice. We are not attorneys, accountants or financial advisors, nor are we holding ourselves out to be. The information contained in this article is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation. We have done our best to ensure that the information provided in this article and the resources available on our website are accurate and provide valuable information. Regardless of anything to the contrary, nothing available on or through this email should be understood as a recommendation that you should not consult with a financial professional to address your particular information. Blocks United expressly recommends that you seek advice from a professional. Neither Blocks United nor any of its employees or owners shall be held liable or responsible for any errors or omissions in this article, our website, or for any damage you may suffer as a result of failing to seek competent financial advice from a professional who is familiar with your situation. cosmosnetwork kavalabs HydraDX CryptoCurrency Bitcoin ethereum ethereumnoobies Polkadot Kusama cardano solana Avalanche_Coin polygonnetwork CryptoMarkets CryptoCurrencies investing InvestmentEducation investment Investments cardano Tether binance BinanceSmartChain BinanceUS BinanceCrypto Ripple XRP LidoFinance litecoin tron Monero UniSwap submitted by BlocksUnited to cosmosnetwork [link] [comments] |
2023.05.30 15:01 spunchy M&B 2023 Reading 2: Hyman Minsky
| For our schedule and links to other discussions, see the Money and Banking 2023 master post. This week, we're discussing The vision of Hyman P. Minsky, an intellectual biography of Hyman Minsky by Perry Mehrling from 1999. Among other things, this reading emphasizes Minsky's financial instability hypothesis and its connection to the "survival constraint": the idea that each economic actor needs to ensure that its cash inflows meet its cash commitments at any given time. We discussed the time patterns of cash flows and cash commitments in Lecture 4. Lining up your cash flows and meeting your survival constraint is the essence of liquidity. In the Lecture 1, Mehrling says he thinks of this article as the "missing chapters" at the end of his first book, The Money Interest and the Public Interest. In that book, he provides similar intellectual biographies for Allyn Young, Alvin Hansen, and Ed Shaw. Perry Mehrling says: There are five sections in this reading, and it is pretty dense reading because I was trying to fit an entire intellectual biography into the length of a journal article. For present purposes, the most important section is the third, titled "Vision", because we are trying to build some intuition about the monetary system. Second in importance is the fourth section "Minsky and the World" which shows how Minsky used his vision to engage with the concrete problems of his own time, an account that may serve as a challenge for present day students of the money view to engage the concrete problems of the present time. The five sections of the reading are as follows: 1. Life Minsky had to decide between focusing on research or focusing on his political agenda of using full employment to fight poverty. He ended up choosing research. In his research agenda, he emphasized the role of the central bank as a lender of last resort. Minsky’s emphasis on the support functions of the central bank as lender of last resort lost out to the dominant emphasis on the control functions of the central bank as manager of the money supply. Page 134 Mehrling cites Economic Policy for a Free Society by Henry Simons in reference to the influence that Simons had over Minsky's thinking. Henry Simons was the source of Minsky’s lifelong interest in finance, as well as the idea that the fundamental flaw of modern capitalism stemmed from its banking and financial structure (Simons, 1948). Page 132 2. Character Production, consumption, and trade, are nothing more than flows of money in and out and between different economic units. Page 138 Minsky emphasized the centrality of money. He de-emphasized the role of goods and the real side of the economy. In terms of sources and uses, the sale of a good is just a receipt of money. The purchase of a good is just an expenditure of money. The most real thing is money, but money is nothing more than a form of debt, which is to say a commitment to pay money at some time in the future. The whole system is therefore fundamentally circular and self-referential. There is nothing underneath, as it were, holding it up. Page 138 If the thing you're trying to understand is the monetary system, then money is the most "real" thing. If the system is self-referencial, then a financial crisis is what happens when those self-references come under strain. 3. Vision Minsky’s worldview concerned not all economies, but only capitalist economies, by which he meant economies that are characterized by private ownership of the means of production. And it concerned not all capitalist economies, but only the ones that have developed a sophisticated system of finance to facilitate the ownership, creation, and refinance of capital assets. In these economies, so he seems to have thought, financial processes take on a life of their own, so that their logic effectively becomes the logic of finance. In Minsky’s own early words: “Capitalism is essentially a financial system, and the peculiar behavioral attributes of a capitalist economy center around the impact of finance upon system behavior” (Minsky, 1967a, p.33, my emphasis). This is the core insight that underlies all of Minsky’s work, and distinguishes his work from that of other economists. According to Minsky, we need to understand finance not because it is an important part of our modern economy, but because it is the very heart and motive force of that economy. Page 139 For Minsky, the object of study was "financial capitalism," which was the label he applied to the economic system we currently live under. All in all, Minsky’s is a sophisticated vision of modern capitalism. Probably most people who think this way become investment bankers, from which social position it becomes difficult to see clearly the downside of the logic of finance. For an investment banker, problems may arise, but the solution is always more finance or, more precisely, refinance and restructuring of existing commitments in order to make room for new commitments. Not so for Minsky, who never forgot the lessons of Lange and Simons that the logic of finance tends to produce inequality and instability, effects which history shows tend to undermine democratic political forms. Page 142 It's not clear to me how generalizable Minsky's insights are beyond our present system of financial capitalism. Where do we draw the boundaries around financial capitalism? What counts as financial capitalism and what doesn't? 4. Minsky and the world Inflation was difficult for Minsky to understand because of the thoroughgoing nominalism of his thought. Page 146 Economists tend to start at the real side and then fit money into their thinking. Minsky seemed to start with money and work backwards. In either case, the price level and inflation lie at the interface between the monetary side and the real side. Minsky seems to have started from the idea that, because government faces no survival constraint, imbalance between its cash commitments and cash flows shows up not as a tendency to crisis, but as a tendency to depreciation of future cash flows relative to present cash flows. This tendency takes the form of price inflation domestically and currency depreciation internationally. In effect, socialization of a private imbalance between cash commitments and cash flows (in order to avoid crisis) does not change the fact of imbalance, but only the mechanism through which adjustment takes place. Page 146 Is it true that the government faces no survival constraint? What about from the central bank? Can the central bank choose not to roll over the government's funding? Perhaps the central bank and the government jointly face no survival constraint when acting together—at least with respect to the particular money they issue. They can always pay debts denominated in their own money. But the same cash-flow imbalance that would otherwise put pressure on the survival constraint shows up in other prices of money besides par. 5. Minsky and the economists What made the dollar money? Following Sayers, Minsky eventually came to the view that it is the ability of a unit to force a net cash flow in its favor that gives its liabilities liquidity (Minsky, 1986a). It was the ability of the Fed to make dollars scarce, not so much by reducing the outstanding stock of dollars as by forcing an incoming flow of dollars, that sustained the reserve currency position of the dollar in the dark years of 1979–1982 (Minsky, 1986b). In Minsky’s view, the key channel through which Volcker’s monetarism bolstered the dollar came through the effect of high interest rates on bolstering capital inflows from short-term dollar-denominated foreign debtors. Page 151 If you can force cashflows in your direction, then you can always meet your cash commitments. If everyone knows this, then everyone knows that your liabilities are liquid. The question is whether this logic still make sense if your liabilities are the ultimate cash and there's no cash above you in the hierarchy. To be sure, Minsky always emphasized the ‘endogeneity’ of money, and the origin of money in business finance. Furthermore, as early as 1972b, he emphasized that the central bank does not (and should not try to) control the quantity of money, but only the conditions of refinance. Page 149 We have seen that credit expands and contracts as a part of the normal funcitoning of the economy. Controlling the quantity of money means choking off credit at a particular layer of the hierarchy. Which layer that is depends on what you include in your monetary aggregate. Study Questions Minsky viewed the money market as the place where the balance between cash commitments and cash flows could be seen most clearly. People who have maturing commitments in excess of their current cash flows face the need to refinance in order to satisfy the “survival constraint”, and that demand for refinance shows up in the short term money rate of interest. Question 1 What is a cash commitment? What is meant by the “two-edged quality” of a cash commitment? What distinguishes robust from speculative from Ponzi finance? Here's a relevant quote about the "two-edged quality" of cash commitments. On the one hand, they structure uncertainty and give definite form to an inherently open-ended system. On the other hand, they commit economic agents to perform actions that may turn out to be impossible, and so pose a threat to future coherence. Continual adjustment is required to maintain a balance between these two aspects, which means to keep the pattern of cash commitments in line with the pattern of expected cash flows. Coherence is thus not a once and for-all thing — it is not equilibrium — but a temporary and a tenuous thing, constantly in flux as time rolls forward. Page 140 The cash commitment constrains the person making the commitment. But they usually get something in return for that commitment—perhaps the ability to make a profitable investment. The person receiving the cash commitment receives some predictability about future cash inflows. But they offer something in exchange (cash now). The degree of fragility or robustness in the economy as a whole ultimately depends on the fragility or robustness of financing arrangements at the level of the constituent economic units. What Minsky called ‘hedge’ finance is an arrangement where cash flows are adequate to meet all foreseeable cash commitments. ‘Speculative’ finance involves cash commitments that can be met only by rolling over debts when they come due. ‘Ponzi’ finance is a particularly precarious form of speculative finance in which it is anticipated that not only the principal, but also the interest on current debts will have to be rolled over. Page 140 This classification is not a moral judgment. It's not that a Ponzi-financed firm is doing anything wrong, per se. Everyone is trying to do what they think is profitable. And it could even be that changing state of the market pushes people's finance away from robustness and toward fragility. For example, let's say I'm a hedge-financed balance sheet. What if some of incoming cash commitments fail to come through? This forces me to roll over my debt to others. This has moved me from hedge to speculative financing. Question 2 Henry Simons “good financial society” is certainly a system of robust finance, since there is no private debt at all. Sketch the balance sheet relationships (business, household, government) that would exist in such a world. In terms of our dichotomy between government bank and bankers bank, is this an extreme version of the government bank system? Simons is imagining something like a pure-money system, which we looked at in Lecture 4. For Simons, the problem was instability and the solution was the suppression of private debt finance in favor of a system of private equity finance and public debt (100% money). Page 142 Nobody can fail to meet cash commitments if they make no cash commitments in the first place. Here are the balance sheets I drew up. https://preview.redd.it/ae6tcljoy83b1.png?width=1184&format=png&auto=webp&s=ce76556efd73f079f70420d64499b4a7bc7444a7 Part A shows households investing in businesses by buying ownership shares. This entitles them to a share of the businesses net assets (assets minus liabilities). But in a world without private debt, that's the same thing as total assets. Notice that there are no promises of future cashflows at any particular time or in any particular amount. There's just a promise that you'll get a share of what's left if it's ever time to divide up the asset pie. There is a sense in which equity is a kind of debt. Equity, as a balancing item, defines a residual. It's an IOU for whatever happens to be left over. Importantly, it's a flexible kind of debt. You can't fail to meet your commitment because you're only committing to what you can do. There's no survival constraint. Part B shows households buying goods from businesses. It's a pure asset swap: an exchange of goods for money. There is no expansion or contraction of balance sheets. Similarly, Part C shows businesses buying labor from households. Same story. It's just an asset swap. Parts D and E show the government expanding and contracting the money supply through spending and taxing. This can have various effects depending on where and how the money is added or removed. Notice that I'm just showing unidirectional payments. There may also be another side of the transaction sometimes. The government might be buying or selling something. As to the question of government bank versus bankers' bank, we usually discuss that in the context of a central bank. In the balance sheets I drew, there is no central bank. But we can imagine that the government issuing money directly is equivalent to the central bank monetizing government debt. So, in this sense, it's like an extreme version of the government bank scenario. There can't be bankers bank because there are no bankers and no private banks. You can't have private banks if you don't have private debt. I'm not sure if Simons was imagining a world without banks, per se. Maybe he didn't consider bank deposits a form of private debt if they were 100% backed by reserves. But that's how I've drawn it up in my balance sheets, at least. Question 3 The Financial Instability Hypothesis suggests that there is a tendency for robust finance to give way to speculative and then Ponzi finance. Why? Why do people make cash commitments in the first place? Why do cash commitments that finance a profitable investment wind up relaxing future survival constraints? Private credit expands over time. As credit expands, someone is going to have to take on the liquidity risk. It's impossible for whoever's doing that "banking" to be robustly financed, because they're going to hold long-term assets against short-term liabilities. In other words, their pattern of cash commitments is, on average, dated sooner than their pattern of cash inflows. They must therefore roll over those commitments. Robust finance gives way to fragile finance as ‘margins of safety’ are eroded and commitments leave less and less room for possible shortfalls of cash flow. Page 141 The banking system is paid to take on more and more liquidity risk. The margins of safety are eroded because businesses want to borrow more and more. And it's often the case that the central bank makes this possible/worthwhile by ensuring that credit is cheap. Concretely, the cash commitments of each unit depend on the cash commitments of every other unit. The whole web of interlocking commitments is like a bridge we spin collectively out into the unknown future toward shores not yet visible. Mere ideas about the future become realities as they become embedded in financial relations, but inevitably over time the reality embodied in the pattern of cash commitments diverges from the reality embodied in the pattern of cash flows. Page 141 The system can be more or less stable given the extent to which cash commitments depend on other cash commitments. On the way up, during boom times, the financial system gradually becomes more "interlocked" and susceptible to collapse. If a cash inflow fails to materialize, or is delayed, that can push a formerly robust unit into speculative finance, or a formerly speculative unit into Ponzi finance. During a credit contraction on the way down, even previously robust units can instantaneously turn into Ponzi units as they become unable to roll over their funding. This can quickly turn illiquid units insolvent as they're forced to sell their assets at fire-sale prices. This is true even if those assets are fundamentally sound—that is, they would have reliably generated all the promised cash flows. Inevitably our ideas about the future are wrong, even when we all agree, indeed especially when we all agree. Just so, widespread belief in the 1960s that economists had learned to tame economic fluctuation led units to the ‘euphoric’ view that future cash commitments were relatively unproblematic, and once this view became embedded in the structure of debt contracts, it became a constraint on future action. Page 141 Why do people make cash commitments in the first place? People make cash commitments for the future if they get something worthwhile in return, such as a cash inflow today to finance a profitable new investment. Or we may simply need to roll over our existing cash commitments. To get out of having to pay cash today, I can promise to pay more cash in the future. Why do cash commitments that finance a profitable investment wind up relaxing future survival constraints? A profitable investment generates cash inflows that exceed the cash outflows needed to fund the investment. You end up with more cash than had you not made the investment. Question 4 Minsky views the lender of last resort function as central to monetary policy. How does lender of last resort work (balance sheets please)? Why does it work to forestall an incipient crisis? Lender of last resort allows borrowers to roll over their funding (refinance their positions) when the survival constraint would otherwise force them to default. https://preview.redd.it/ougxgs9ry83b1.png?width=1104&format=png&auto=webp&s=eb7a85fc38f1bfd7f30f4d1a46e92ae81a542542 In this set of balance sheets, the lender-of-last-resort operation acts to restructure the liabilities of the banks in a way that pushes off their cash commitments into the future. I show two different quadruple-entry transactions here. The first is an IOU swap between the banking system and the central bank. This expands the banking system's balance sheet. Then the balance sheet contracts back down. The withdrawal of deposits drains the reserves, which is an "asset disintermediation" in quadruple-entry speak. Without sufficient reserves, the banking system would have defaulted. From the perspective of the banking system, they have refinanced their position. But the lenders have changed. Instead of their lending being funded by deposits, that lending is now funded by loans from the central bank. By definition, speculative financing arrangements require periodic refinance, at which point both borrowers and lenders get to take a second look at the balance between the borrower’s future cash flows and future cash commitments in light of the changed financial conditions in the economy as a whole. Any evolution toward fragile finance is therefore bound to show up as increasing difficulty rolling over debts as they mature, difficulty that may manifest itself in various ways depending on the institutional framework, but which ultimately shows up as increased demand for bank lending because banks are the lenders of last resort to non-financial economic units. Significantly, banks are themselves speculative financing units that face their own problems of refinance both because of their extreme leverage and because of the short-term character of their liabilities. Thus, the ability of banks to help other units refinance depends on their ability to refinance their own positions. Page 144 The central bank can also supply reserves by buying assets. The below set of balance sheets show three different ways the central bank can act as lender of last resort. https://preview.redd.it/10lrlz6ty83b1.png?width=1125&format=png&auto=webp&s=720c84ecc628cc5c131e7d5539a1adcec78810d2 Scenario A shows the central bank acting as a backstop to a specific bank who comes to the discount window for a loan. Scenario B shows the central bank buying TBills from the banks. In this case, the bank is improving the asset side of the banks' balance sheets without expanding them. Ultimately, the banking system is left with a smaller balance sheet rather than the same sized balance sheet with an improved liability structure. Scenario C shows the central bank lending through the repo market. Unlike through the discount window, the central bank is lending to the market as a whole rather than specifically assisting banks who ask for help. Why does it work to forestall an incipient crisis? By preventing defaults at the level of individual balance sheets, lender of last resort thereby prevents a cascading chain of defaults transmitting through multiple balance sheets. What worried Minsky was the prospect that, left to its own devices, the financial system would operate to amplify rather than to absorb the naturally cyclical process of growth, as each commitment provides the support for others on the way up, and as default on some commitments undermines other commitments on the way down. Minsky thus saw a natural role for government, as lender-of-last-resort to ensure a lower bound on downward fluctuation in times of crisis, and as regulator during more peaceful times to identify and correct imbalances before they pose a threat to the system. Page 142 Question 5 Minsky viewed the US in the 1970s as an “ailing bank”. Persistent negative cash flows at the international level led to persistent depreciation of the dollar and rising domestic inflation. What parts of this analysis carry over to the present day, and what parts do not? In 2015, Mehrling published a shorter biography of Minsky on his blog that further emphasizes the role of Joseph Schumpeter: For more on Minsky, I recommend the book Minsky by Dan Neilson ( u/soon-parted). Please post responses to the study questions, or any other questions and comments below. We will have a one-hour live discussion of this lecture on Wednesday May 31st at 2:00pm EDT. submitted by spunchy to moneyview [link] [comments] |
2023.05.30 13:18 Routine_Bunch_5842 things you should avoid in Istanbul
| When visiting Istanbul, there are a few things you should avoid in Istanbul or be cautious about to ensure a safe and enjoyable experience. Here are some recommendations: https://preview.redd.it/n2pyhh2scy2b1.jpg?width=780&format=pjpg&auto=webp&s=ac3f1003bb7ab6dc3765df80e0f68f976c351eb0 https://travellingtopic.com/wp-content/uploads/2023/04/what-should-i-avoid-in-istanbul-780x470.jpg - Street Touts: Be cautious of street touts who may approach you with offers that seem too good to be true. They might try to sell you fake goods or overcharge you for services. It's best to ignore them and rely on reputable sources for information and purchases.
- Unlicensed Taxis: Avoid taking unlicensed taxis or private cars posing as taxis. Stick to official taxi stands or use ride-sharing services like Uber or BiTaksi, which provide a safer and more reliable option.
- Pickpocketing and Bag Snatching: Like in any major city, be mindful of your belongings, especially in crowded areas, markets, and public transportation. Keep your valuables secure and avoid displaying signs of wealth.
- Political Demonstrations: Istanbul occasionally experiences political demonstrations or protests. While most of them are peaceful, it's advisable to stay away from these gatherings, as they can sometimes escalate. Stay informed about the current situation and follow local news sources for updates.
- Certain Street Foods: Istanbul is known for its delicious street food, but exercise caution when selecting where to eat. Avoid street vendors with poor hygiene practices or those selling food that doesn't appear fresh or properly stored. Opt for busy, popular stalls that have a reputation for quality and cleanliness.
- Drinking Tap Water: Although Istanbul's tap water is generally safe for hygiene purposes, it's recommended to drink bottled water to avoid any potential stomach discomfort. Stick to sealed bottled water and check that the seal is intact before consuming.
- Street Scams: Beware of common street scams aimed at tourists. These can include individuals pretending to be students or friendly locals offering to guide you to a specific shop or attraction but end up taking you to an overpriced establishment where they receive a commission. Exercise caution when approached by strangers offering unsolicited help or guidance.
- Certain Areas at Night: While Istanbul is generally safe, some areas, particularly at night, may have a higher incidence of petty crime. It's advisable to avoid poorly lit or deserted areas after dark and stick to well-populated and well-lit areas. Use common sense and trust your instincts when navigating the city at night.
Remember, Istanbul is a vibrant and diverse city with numerous attractions and experiences to offer. By staying vigilant and exercising caution, you can have a fantastic time exploring this beautiful destination. Don't eat only in touristy areas. Local areas often have great food at better prices. Don't stick to only the most popular dishes. Try other options like vegetable-based dishes. Don't only visit the main tourist attractions. Spend extra time exploring local neighborhoods and areas. Don't rent a bike or scooter in the city. It's not bike or scooter friendly, but there are great places to ride near the seaside. Don't get scammed. Be alert and aware of common scams in the city. Don't cross streets without double-checking. Drivers won't often stop for pedestrians. Don't confuse Turks with Arabs. Turkey is not an Arab country. While the majority of the population is Muslim, the official language is Turkish. Don't expect everyone to speak English. Learn basic Turkish phrases to communicate better with locals. Don't drive in Istanbul. Traffic and narrow streets make it difficult to navigate. Don't listen to stereotypes about Turkey from people who have never been there. Seek advice from those who have traveled to the country. Don't drink tap water in Turkey. It's better to buy bottled water instead. Don't mistreat animals. Turkish people have a deep respect for animals, especially cats and dogs. Do not feed stray animals with your own food. Bring some cat or dog food instead. Do not stand on the left side of an escalator. Stand on the right side and leave the left side free for people in a rush. Do not drink your tea or chai right away. Wait until it cools down to avoid getting blisters. Do not pay in foreign currency. Use the local currency, Turkish Lira, instead. Do not exchange money at the airport or near the tram line. Use the exchange offices inside the Grand Bazaar for better rates. Respect the gardens and flowers, especially during the Tulip Festival. Do not take flowers or mess with them for Instagram photos. Use public transportation instead of taxis. Get an Istanbulkart to use on ferries, metro, buses, and more. Do not call the Bosphorus a river. It is a strait connecting the Black Sea and the Sea of Marmara. Bargain when shopping in local markets, but not in big brand shops or malls. Speak softly in public transportation, mosques, and sacred places. Do not take photos in the middle of crowded places. Do not go souvenir shopping in Eminonu on Sundays. Start your day early, especially during peak season, to avoid long lines and crowds. Do not skip watching local videos for insider tips on Istanbul and Turkey. Remember to respect local customs and be mindful of others when traveling. By following these tips, you can make the most out of your trip to Istanbul. Do not wear inappropriate clothes in religious places If your idea of Turkey is the movies and series you have seen so far, we must tell you that the natural world and the coverage of its people are very different. Muslim people in Turkey usually appear in public places in full clothes, and travelers’ unconventional clothing offend them. How you dress is especially important when visiting religious places like mosques. In these places, to respect the religion of people in Istanbul, be sure to wear appropriate clothes so you don’t have any problems. Hijab for hair is not mandatory, but it is better to avoid wearing short clothes. Red more in topic travel. submitted by Routine_Bunch_5842 to u/Routine_Bunch_5842 [link] [comments] |
2023.05.30 11:51 georgiaadmos The JetBlue MCO Terminal
What Terminal Is JetBlue at MCO? JetBlue (MCO) is situated in Terminal A of Orlando International Airport. Terminal A serves as the main terminal for domestic airlines like JetBlue, Southwest, and Alaska Airlines. It is situated on the north side of the airport, and a pedestrian bridge links it to the main terminal structure. Terminal A offers a range of amenities in addition to restaurants, shops, and services including currency exchange and ATMs. The terminal's free Wi-Fi, charging stations, and comfortable seating areas are available for use by travellers as they wait for their plane.
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u/georgiaadmos [link] [comments]
2023.05.30 05:53 NaimaChan Trip Report: Tokyo, Kawaguchiko, Kanazawa, Kyoto, Yokohama, Kamakura
Just got back from 10 days in Japan and wanted to type up a trip report to hopefully help others that are trying to plan a trip!
Our trip was 5/16 - 5/28 including travel days. This was my 2nd time in Japan (first time was study abroad for 5 weeks in May/June 2016), but it was my mom & sister's first time, so the goal was to include as many must-see activities as we possibly could in the short time we were there. Our days were packed to the brim however all 3 of us are fairly active and healthy so despite being absolutely exhausted by the end of each day, in retrospect we wouldn't have changed a thing in our itinerary.
That being said, our itinerary would be much too busy for the average person's first trip to Japan so keep that in mind if you use this information to plan your own trip. For example, we usually only had time to sit down and eat for one meal per day and had to eat on the go for the other meals in order to have enough time to go to all the places we wanted to go to. There was very little downtime in our trip.
Tourist Tips
- Luggage
- We each traveled with 2 checked luggage since they were included in our flight. I had one full sized suitcase and one slightly smaller suitcase which both only had one side filled when I left the US. The plan was to fill the other half of the suitcases with souvenirs to bring home. Last time I went to Japan, it cost me ~$200 to ship two large boxes of souvenirs back home, so despite having to bring a lot of luggage this saved me a significant amount of money and I will be doing this for future trips as well.
- Within our luggage we also packed a duffel bag to hold all our purchases on heavy shopping days and a daily backpack to hold things like our trash bag, hand towel, hand sanitizewet wipes, body wipes, small purchases, etc. My carry-on was a 40L backpack that I took with us when we stayed overnight in Kyoto.
- Money
- I brought $400 cash to exchange at the airport. I had gotten a Charles Schwab debit card before leaving which has no foreign transaction/ATM fees so I planned to use my card for whatever purchases I could then use cash for everything else. I ended up withdrawing another ¥20000 which was just enough cash to last me the rest of our trip.
- Walking
- Last time I went to Japan I survived wearing flat gladiator sandals basically the whole trip, but this did NOT work this time around for whatever reason (I guess we walked a lot more this time?). BRING COMFORTABLE SHOES TO WALK IN. I ended up having to buy sneakers on day 2 because I stupidly didn't think I would need them. I was more concerned about looking cute for pictures (ha) but I quickly realized that all the girls in Japan wear sneakers with their cute skirts and dresses, so I blended right in. I would also recommend bringing a second pair of shoes with you each day (in your backpack) to swap into if the shoes you are wearing start giving you blisters.
- Masking
- We saw a lot of people not wearing masks, but the majority of people still wear masks. I would say the ratio of people wearing masks to not wearing masks was about 80:20.
- Trash
- As many have mentioned on this subreddit, due to the lack of public trash bins I would highly recommend bringing a reusable trash bag to store your trash while you're out and about until you can find a bin. We found these cool black fabric ones with a waterproof liner on the inside that you could rinse out when it got dirty and could clip to the outside of your backpack so it wasn’t with your other belongings.
- Restrooms
- Due to the lack of hand dryers/paper towels in bathrooms we also brought hand towels as recommended, but found ourselves just air drying our hands way more often than using the hand towels as it was often more cumbersome to remove our backpacks and fish out our hand towels to use.
Accommodations
- Sakura Hotel Jimbocho in Tokyo
- I stayed in this hostel when I studied abroad in college in 2016, so it holds a special place in my heart. You can get a single room here for cheap, and although the rooms are extremely small, I don’t travel to Japan to spend time in my hotel so when looking for accommodations price is my #1 factor, not comfort. Toilets and showers are shared in this hostel and the rooms are set up coming off of a square hallway with sinks/restroom facilities in the center. The facilities don’t appear to be very modern and pretty, but the water pressure of the showers is the BEST. They have other room types as well, like bunk-beds, double rooms, etc. They have a 24 hour cafe downstairs and breakfast is included in your stay. All their staff speak English & Japanese (and other languages as well). They host some cool events like language exchanges and walking/jogging groups if you are more of a social person. I really enjoy the location of this hostel. You are within walking distance from the Imperial Palace and it still feels like you are in the city without it being so loud and busy like if you were to stay in Shibuya, etc. They do have other locations if you’re looking for somewhere with more nightlife.
- The Millennials Hostel in Kyoto
- This is a really modern looking hostel in Kyoto, 2 streets over from Pontocho. The facilities are gorgeous and look brand new. They are set up similar to a capsule style hotel with a bunch of rooms coming off a hallway. Your bed takes up your entire space, and you have about 18 inches at the foot of your bed to stand. You pull an opaque privacy screen down to make your room private - there is no door. You can control your bed’s incline and lights through an iPhone in your room. There is storage space under your bed and on a shelf above your bed. Restrooms are shared but the showers are in one room and toilets in another. There are a lot of shared common spaces including a full stocked kitchen you can cook your meals in, but we literally only stayed here to sleep so we didn’t explore those spaces. I was worried about other guests being noisy but that wasn’t the case - everyone was super respectful. The price and location was great so I would definitely come back here.
Daily Itinerary
Day 1 & 2: Travel - We flew out of Chicago O'Hare International Airport. Our direct flight to Narita was around $1600 after taxes, fees, and flight insurance. I had one layover the last time I flew to Japan and in the future I will only be buying a direct flight as I found this to be way easier than having a layover.
- Once we arrived in Narita we turned on our e-sim. We chose Ubigi after reading many positive reviews on this subreddit and I highly recommend them. We had some issues getting iMessage to work despite following Ubigi's instructions to a T, so we ended up just using WhatsApp to message during the trip, however, iMessage did start working later on.
- We decided against picking up our JR passes & seat reservations at the airport because the line was long and we didn't need them for another 5 days.
- Going through customs/immigration and grabbing our luggage only took about 20-30 minutes. There were many staff to guide you and we found the whole process to be really smooth.
- We exchanged our currency and went downstairs to buy our tickets for Narita Express at a ticket vending machine. We got round trip tickets for ¥3460 (keep in mind that the return ticket needs to be used within 14 days). We had purchased our Suica before leaving and put them in our iPhone wallets and they came with a balance of ¥2000 so we didn't load money onto our cards until the following day.
- We took the Narita Express to Tokyo Station then took a cab to our hostel in Jimbocho. We each traveled with 2 checked luggage, so we found the short and inexpensive taxi ride to be a better option than lugging 6 giant suitcases on local trains to get to our hostel.
- We checked into our hostel. The total price per person for 11 nights was ¥49500 (about $380).
Day 3: Imperial Palace/Ueno - We woke up and walked to the Imperial Palace/East Gardens. We got there right when they opened and spent about 90 minutes there. We walked back to Jimbocho to go to my favorite tempura place in Jimbocho. This place has gotten quite famous since I was last there in 2016. We were first in line at 10:45am and by the time they opened for lunch at 11:30, there was a line of 20+ people. Our lunch cost only ¥800.
- After lunch we took the train to Ueno and spent some time in the Tokyo National Museum and Ueno Park. We also visited Shinobazu No Ike Bentendo Temple which is a cool temple right inside Ueno Park. While at Ueno Station, we picked up our JR passes & seat reservation tickets and also put ¥5000 on our Suica. We really enjoyed the fact that you could charge your mobile suica at a convenience store using cash - we didn’t have to worry about finding the machines in train stations with the phone holders.
- After that we walked through Ameyoko and did some shopping - I bought a super cute used Coach purse for around $65. Ameyoko seemed to have a lot more products than when I was there in 2016… but I also had more money this time around so maybe I was just paying more attention!
- We took a train back to our hostel to drop off our shopping bags and change. We took a train to Shinjuku to go to New York Grill for our dinner reservation. New York Grill is on the 52nd floor of the Park Hyatt hotel in Shinjuku and the views were incredible. We got the Spring Harvest 5-course dinner which included wagyu and it was easily the best beef I have ever eaten in my life - so juicy and buttery. The cost was ¥23100 per person (~$175).
- 25,138 steps on this day.
Day 4: Shibuya/Akihabara - We woke up and took a train to Shibuya to see Hachiko, go to the Starbucks near Shibuya Crossing, and shop at Shibuya109 and Uniqlo. It was hard for me to find any clothing that would fit me at the stores in Shibuya109 (I am a US 8/10 which is basically considered plus size in Japan) however I was able to find a cute t-shirt at Punyu's in Shibuya109 and two dresses at Uniqlo. I also bought sneakers at the Skechers store.
- I also went to the Mega Don Quijote in Shibuya and spent about $102 on candy and snacks to bring home. Lots of fun KitKat flavors here but it was very crowded and hard to walk around with my extremely full baskets.
- We took a train back to our hostel to drop off our shopping bags and had a quick lunch via conbini.
- We took a train to Akihabara and bought some souvenirs and gachapon, and walked all the way back to Ameyoko where I spent another $90 on candy and snacks to bring home.
- We took a train back to our hostel to drop off our shopping bags and change. We took a train to Ginza to go to Tempura Kondo for dinner (a Michelin starred tempura restaurant). We got the Yomogi dinner which was ¥23100 per person (¥25410 after fees, ~$195). The staff were amazing - they noticed that my sister was left-handed and set up her plates/silverware as such which was really observant. We loved the dinner, however there was WAY too much food for us; the staff recognized we were starting to get full, and asked us if we would be able to eat the next course which was ten-don. I was really concerned about being disrespectful and wasting food, so I was really glad that they noticed and asked!
- 19,445 steps on this day.
Day 5: Asakusa/Ginza/Omoide Yokocho - We woke up and took a train to Asakusa to see Sanja Matsuri. We shopped at the small souvenir shops on Nakamise-dori and had street food at the festival for lunch. I bought an awesome goshuincho here with a wooden cover and foxes on it.
- After being completely overstimulated, we took a train to Rikugi-en Garden to escape the crowds. This garden is a little off the beaten path, just outside the big city, but it is completely gorgeous and so worth the trip.
- After the garden, we took a train to Ginza to window shop and go to our reservation at Higashiya Ginza for wagashi & tea pairing. We had 5 wagashi paired with 5 teas that were amazing. It cost ¥4500 per person.
- After this, we walked to Mitsukoshi Ginza to explore the basement food floor and grab dinner. They start to discount the food as the stores near closing time, so going for a late dinner can save you a couple yen! After eating on their rooftop terrace which was beautiful, we walked to Patisserie Sadaharu Aoki Paris Marunouichi to grab dessert then headed back to our hostel to drop off our shopping bags.
- After we ate, we took a train to Shinjuku to walk down Omoide Yokocho. We had a drink on the third floor of Bar Albatross - highly recommend! The alleyway is a lot shorter than I imagined, and very crowded as you would expect. I probably wouldn’t go back here in the future but I am glad we visited!
- 25,002 steps on this day.
Day 6: Harajuku - We woke up and took a train to Harajuku to visit Meiji Shrine and got our first goshuin.
- After visiting the shrine, we walked back to Takeshita-dori to get lunch at Afuri Ramen. They’re known for their ramen with yuzu in their broth and this was one of our favorite meals during our trip. We got there about 20 minutes before they opened and were ~8th in line. By the time they opened, the line was stretching around the building!
- We walked down Takeshita-dori and shopped, then went to our reservation at Mipig Cafe (mini pig cafe). This place was so cute! You can make reservations for 30 minutes or 1 hour where you sit on the floor and miniature pigs will come and sit on your lap. You weren’t allowed to pick the pigs up and the staff were super kind and handled the pigs well. A 30 minute reservation was ¥1800 per person.
- After the pigs, we walked down Omotesando and took the train to Shinjuku to get dinner on the food floor at Isetan.
- After we ate on the rooftop terrace (beautiful once again), we headed back to our hostel to drop off our shopping bags. We took the train to Shibuya to go to our reservation at Shibuya Sky. We got the package where you get an admission ticket including a 50 minute reservation for the sofa seats and a choice of a mini bottle of champagne or 2 beers per person, which cost ¥5900 per person. The views were unreal and I recommend reserving the sofa seats so you can get amazing pictures. This was a highlight of our trip.
- 21,719 steps on this day.
Day 7: Kawaguchiko - This was our first travel day. We woke up early to take the highway bus from Busta Shinjuku to Kawaguchiko. The bus was ¥4400 per person. We were able to get some super clear pictures of Mt. Fuji while we were on the bus and right when we arrived at the station.
- We bought the daily unlimited bus pass for ¥1500 which ended up not being worth it for us because we spent so little time seeing things on the bus route. First, we went to the Panoramic Ropeway. We got there about 15 minutes before they opened and there was already a really long line. By this time, Mt. Fuji was already completely covered in clouds but the ropeway was really cool and we still got some awesome panoramic pictures. They have a shop at the top where you can get ice cream and sit on some swings and take pictures.
- After the ropeway we took the bus back to Kawaguchiko Station to get on the train to go to Chureito Pagoda. The gnats here were INSANE. We climbed up the ~400 or so steps to the top and got some cool pictures as well as our goshuin.
- We walked back to the station and took the train to Fuji-san Station and walked ~30 minutes to Kitaguchi Hongu Fuji Sengen Shrine. The wooded walk up to the shrine is absolutely gorgeous. We got goshuin here as well.
- After the shrine, we walked and took a train back to Kawaguchiko Station to eat a conbini dinner, do last minute shopping, and catch our bus back to Tokyo.
- 19,374 steps on this day.
Day 8: Kanazawa - We woke up early to catch our 6:16am shinkansen to Kanazawa. Once we arrived, we bought the daily unlimited bus pass and took the bus to Omicho Market where we bought some souvenirs and food.
- We walked from Omicho Market to visit Ozaki Shrine and Oyama Shrine and got goshuin at both places. My sister realized she lost her wallet at this point, but a kind soul had turned it in to the staff at Ozaki Shrine!
- We took the bus from Oyama Shrine to Kenroku-en Garden, where we walked around, took lots of pictures, and sat down for lunch at a local restaurant.
- After lunch, we took the bus to the Higashi Chaya district where we shopped and took pictures.
- After that, we took the bus back to Kanazawa Station to catch our 5:57pm shinkansen back to Tokyo.
- 20,192 steps on this day.
Day 9: Kyoto Day 1 - We woke up early to pack our overnight bags and catch our 6:21am shinkansen to Kyoto, where we would be staying for one night. We decided to keep our reservation at our Tokyo hostel because 1) it was super cheap and 2) we would be able to leave all our suitcases and belongings in our rooms for when we returned to Tokyo.
- When we arrived in Kyoto, we headed straight to our hostel to have them hold our bags before we could check in later that day.
- After that, we took a local bus to the Arashiyama area. It was absolutely packed with school groups and tour buses. We walked up Saga-Toriimoto Preserved Street to Adashino Nenbutsu-ji Temple where it was much quieter. We got goshuin and visited the small and private bamboo grove behind the temple. We walked back down Saga-Toriimoto Preserved Street towards Togetsukyo Bridge where we stopped and sat down for lunch then continued shopping along the way. I got lots of uji-matcha here.
- We walked back to Arashiyama Station and took a train to Kiyomizu-dera where we got goshuin, then walked to a small rooftop bar overlooking the Hokan-ji temple and pagoda and got awesome pictures and had dinner.
- After eating, we walked back to our hostel and checked in, then slept for the night. Our 1 night stay cost ¥5000 per person.
- 21,545 steps on this day.
Day 10: Kyoto/Nara Day 2 - We woke up super early to check out of our hostel and head to Fushimi Inari. Our hostel held our bags while we went sightseeing for the day. We arrived around 6:45am which was so worth it - it wasn’t crowded at all and we got lots of pictures of the shrine and torii gates without any people in them. We walked for about 30 minutes up the mountain then headed back to Inari Station to head to Nara.
- Once we arrived in Nara, we spent some time with the deer then visited Todai-ji and got goshuin.
- After that, we took a train back to Fushimi Inari to visit the souvenir shops which had not opened yet when we had gotten there earlier that day. We shopped and got goshuin, then headed to Sannenzaka/Ninenzaka to shop. We visited Ryozen Kannon to get pictures (they had closed by the time we got there) and walked down Ishibei-koji Lane and Hanamikoji Street.
- After that, we walked back to our hostel to pick up our bags. We took a taxi to Kyoto Station to catch our 7:36pm shinkansen back to Tokyo.
- 27,861 steps on this day.
Day 11: Tattoo - My mom and I went to a tattoo shop near Shibuya to get matching tattoos on our wrists, then my mom spent the rest of the day shopping in Shibuya with my sister while I got another large tattoo on my shoulder.
- After my tattoo was finished, we all met up in Ikebukuro to get gyudon for dinner.
- 9,879 steps on this day.
Day 12: Yokohama/Kamakura - We woke up and took a train to Yokohama where we walked the Minato Mirai 21 area and shopped and had lunch at World Porters.
- After lunch, we took a train to Kamakura. First, we visited Hase-dera and got goshuin. I got lots of pictures of the hydrangeas even though they weren’t in full bloom yet.
- After that we walked up the road to Daibutsu and got goshuin. We walked back to Hase Station and took a train to Kamakura Station and walked the pedestrian pathway in the center of the road to Tsurugaoka Hachiman-gu. We got our goshuin and were able to observe a small part of a traditional Japanese wedding that was happening at the shrine, which was really cool.
- After that, we walked back to Kamakura Station and took a train back to Tokyo.
- We spent the night packing. I ended up completely filling my suitcases with my souvenirs and had to put even more in my carry-on bag.
- 21,131 steps on this day.
Day 13: Travel - We woke up and headed back to Senso-ji to grab our goshuin, since it was too busy when Sanja Matsuri was happening the week before.
- We took a train back to our hostel and checked out around 11am, then made our way to Tokyo Station to take the Narita Express back to the airport.
- We arrived at the airport with plenty of time before our flight so we could get last-minute souvenirs. I found a couple flavors of KitKat and Hi-Chew here that I could not find in Donki/Ameyoko - but I could not find Beni-Imo KitKat which is the flavor that I was looking for! :(
- We flew back to O’Hare and drove home from there.
Trip Cost
- Total trip cost: ~$5462.73
- Total spent before I left Japan (flight, JR pass, highway bus ticket, tattoo deposit, pay-ahead reservations, suica, car rental): $2562.73
- Total I spent in Japan (souvenirs, snacks, accommodations, transportation, meals, activities/admission, reservations, tattoo): ~$2900
Cost Breakdown
Airfare Accommodations - Total: ¥54500
- ¥49500 (Tokyo hostel/11 nights) + ¥5000 (Kyoto hostel/1 night)
Transportation - Total: ~¥64470
- ¥33610 (JR pass) + ¥4400 (highway bus) + ¥3460 (N’EX) + ¥18000 (local trains/bus) + ¥5000 (taxis - approximate)
Meals - Total: ~¥88510
- ¥40000 (breakfast/lunch/dinner) + ¥48510 (meal reservations)
Souvenirs - Total: ~¥150000
- Goshuin, charms, matcha powder, candy, jewelry, clothing, purses, shrine offerings, postcards, etc.
Activities/Admission - Total: ~¥9800
- Pig Cafe, tea/wagashi tasting, shrines/temples, etc.
Tattoo submitted by
NaimaChan to
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