Go buy any HAI or Wendover merch (no minimums or anything) and get a free month of Nebula, where you can watch our 30-minute long special about bricks, among other, less-refined pieces of content: Standard.tv/HAI or Standard.tv/wendover
@@justsomepersononyoutube9271 Fun Fact : Neptune orbits the Sun once every 165 years. Hence, it has orbited the Sun only once since it was discovered. ― Edu ASTRONOMY
@@mortgageapprovals8933, oh, and onions are in several commercial products and restaurant chains. They could collectively vocalize to the customers that they're being ripped off so go complain to law about the lack of onions. But there is a chance that won't work unless every point of sale and every customer gets behind it, and America can be dumb about that although that's pretty much how it works abroad.
Fun fact: this same scheme is literally the only reason diamonds are expensive. Artificial scarcity. The DeBeers corporation pulled this off successfully, unlike Cuddlebuns and his onions.
And also Supreme products. They intentionally opened a few stores, created that scarcity, and take idiots' money who thinks they are rare and superior to normal shirts.
@@darnit1944 Supreme is bizarre because there is a loop between the brand trying to get away with more stupid stuff and people consuming it "ironically" (which the brand don't mind at all). They've literally sold bricks with Supreme imprinted for thousands of dollars
@@SKyrim190 They dont sell stupid stuff. They sell brick and people are stupid enough to buy it. Remember, if the seller can sell, that means they're not stupid.
Typical politician move: make the extremely specific thing that just happened illegal to placate one specific lobby rather than addressing the root cause of it.
@Mason Bee That's a good way to cut them if you want to make fine, uniform diced onions. First you cut off the bottom, but not the stem. Then you cut them in half across the stem, and then place it flat side down. Then you cut horisontally, almost, but not quite all the way through. Then you do the same vertically along the stem. Finally, you cut it like you're making slices, and the result will be extremely uniform diced onions. Of course, if you're not an idiot, you'll peel the onion first.
Also government. Allows plenty of other massive corporations to control and manipulate markets! I think Mr Onions problem is that he wasn’t a corporation.
@@wilsonli5642 I think all antitrust laws are about a company not controlling the market, but not an individual. They just didn't think it was possible. IMHO
There's a mistake in the video - according to his Wikipedia page, Vincent Kosuga bought 98% of the available onions in Chicago, not America (as the video states).
I choose to (wrongly) believe that Chicago was the only place in the US which had any onions at the time, or at least that it held enough of them that the number would be the same within a rounding error
@@dunyacaliskan7495 it happens, you read something for the number, find the number, and then just skim the rest of the sentence thinking you already know what it says. With the amount of content this team puts out it's a miracle there aren't more errors like this
Chicago is the primary agricultural commodities exchange in the USA. There probably would have been a small number of onion growers with private contracts to produce onions for local companies, but a huge majority of the available onion supply would have gone through Chicago.
“And his wife calls him cuddlebuns, but that’s only in private” To know this I believe Sam is his wife because if they never say that in public how could he know such valuable information
I swear to God, i had an economics test in October of 2020 where one of the tasks was "Determine the price and supply that leads to economic equilibrium on the onion market". Then again, one of the possible answers for "A monopoly is a market in which..." was "...old people are given things for free", so maybe it's just a coincedence.
For those wondering, that explanation with Thomas Frank is a reference to the movie, The Big Short. Excellent movie, highly recommend everyone to watch.
Welcome to the gang kid! "We got Stealing Steve, Murdering Mike, and Crimes Johnson" "w-what did Crimes Johnson do?" "he traded onions on the stock market"
I'm amazed that even with owning ALL THE ONIONS and executing a literal supervillain scheme this man was still nowhere a billionaire adjusted for inflation.
So, rather than taking this example of a flaw in capitalism and making it illegal to buy up entire markets, they decided that this is a problem with onions somehow and made farmers' lives more difficult. Great job.
Traders can try all the strategies they see on RU-vid. But I can tell for a fact most will still lose money due to improper knowledge on how the liquidity providers manipulate the market charts
the market makers/liquidity providers who are the so called "SMART MONEY" are in the business of taking money from the "DUMB MONEY" (retail traders like you and I). They do so by manipulating the forex market, creating stop hunts on liquidity zones and using chart patterns to mess with our emotions. Now 95% of traders don't trade inline with the market makers or think like them, that's why they frequently lose money. The only way to be successful in this business is trading like the market makers so u can join the 5% smart money in this industry
I know for a fact that if I had invested in stock years ago it would have save up a lot now but nothing is too late to invest in, everyone started from somewhere stock is great
@@haugenhumphrey687 He does a great deal for me as well trading the stock commodity, the ability to create strategies that works in accordance with the market trends is something that comes easy to him. Seeing this just assured me more of his exclusivity
I don't think you can buy futures for medicine. Like, not in regards to law, I just don't think those are a thing. American inflated drug prices are a result of patent law, anticompetitive legal restrictions, a high barrier to approval by the FDA, partially socialized healthcare, insurance chicanery, foreign price controls, and some other things. I guess you could buy all the stroke medicine or something and then jack up the prices, but I don't think any third party has managed to do that. Also, unlike seasonal crops, manufactured goods will continue to be produced, so unless there is an expected spike in demand you won't really be able to control the price, and you won't make money from trying to corner the market.
@@Minecraftian2345432 You don't have to buy the medicine, you simply buy patents and companys. Remember Martin Shkreli? And that's just a relativly small fish.
The funny thing is if he hadn't shorted and kept the system running, he could have profited much more and establish himself like De beers in the diamond market
Good video... I'm surprised you didn't mention the Onion Act had a weird tie-in that ALSO *prohibited dealings in motion picture box office receipts* or onion futures
The part prohibiting dealings in motion picture box office receipts was added to the law in 2010 as part of the Dodd-Frank Act. The original law only dealt with onions. From Dodd-Frank: (a) IN GENERAL.-Section 1a of the Commodity Exchange Act (7 U.S.C. 1a) is amended- (4) in paragraph (9) (as redesignated by paragraph (1)), by striking ‘‘except onions’’ and all that follows through the period at the end and inserting the following: ‘‘except onions (as provided by the first section of Public Law 85-839 (7 U.S.C. 13-1)) and motion picture box office receipts (or any index, measure, value, or data related to such receipts), and all services, rights, and interests (except motion picture box office receipts, or any index, measure, value or data related to such receipts) in which contracts for future delivery are presently or in the future dealt in.’’ So don't blame Ford or Cuddlebuns for that.
@@Tornxx Nebula is a platform where these youtubers can upload their videos without fear of demonetizing. And if more people are subscribed there, the creators will have move freedom in topics and content
@@Tornxx Well at least how I see it is the videos that Sam puts out aren't longer than 10 minutes for the most part and because of that the amount of money that he can earn from one video is limited so sponsors are always welcomed. Also we have to remember that Sam like us is a person who need to pay rent, eat food, pay for equipment for production, hire script writers and many other things that I didn't list.
Nebula plays on your phone the same way music does. Plays when it's closed. I used RU-vid all the time but it's $14 a month for RU-vid red. $3 a month for nebula. Immaculate. I'm honestly so impressed
"capitalism is the most efficient way to distribute resources" *one man in the 1950s literally had complete control of all American onions, current and future*
In capitalism it’s one company owning it all. In socialism it’s the government bureaucracy. Either way it’s just corrupt cronyism to control the market and what people can have/get
@@martind2520 I think most people would agree with you but inevitably the question what is the “best” amount of either. And different people have different opinions of that
The brick facade is totally worth the price of admission! It’s so hilarious that I have watched it 4 additional times just to share it with some of my friends and family members
I HAVE BEEN MAKING LOSSES TRADING MYSELF...I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET... CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO?
1955... Wait a minute. Great Scott! I always wondered how Biff could make so much money with Grays Sports Almanac and not have everyone gunning for him, especially unsavory gamblers who would have put him six feet under by 1985. Now I know. He actually used a fake name and bought all the onions instead! :-)
The worst thing I see in this is government changing the rules half way through the game. If it can be done with onions it can be done with any other item.
As is the case with just about anything remotely profitable. And just was, with the gamestop stocks fiasco. A bunch of independent traders banded together and lost 'proper traders' a lot of money, to the point the government stepped in to prevent further losses. They've done it with onions, they've done it with company stocks, they'll gladly do it again if it's something that threatens the stability of the market as a whole.
"well buying onions from the future might sound like the ramblings of a coked up hamburgler" LMAO so glad I subscribed to this channel, you a funny guy
1:38 holy shit, seeing this made me cry and it was not the onion. Atleast you got the sweet story to tell you grand children: "The day I lost my pinky, recording stock footage"
Shorting involves borrowing stock from someone else (for a small fee), selling it, then buying it back later for a (hopefully) lower price and returning it to the original owner. I'd be interested how you can both corner the market (i.e. own all the stock) then short it (i.e. borrow the same stock)
Futures are not stocks, the futures contracts can be created/destroyed and the open interest and notional value can be greater than the supply of the underlying physical asset at settlement. This is part of the reason why crude oil futures went negative in 2020.
This video could've had a lot of animal crossing references if if was a different vegetable. 1:37 missed onion pun opportunity: "But that's just the outer layer"