Why Trading Onions on Financial Markets is Illegal 

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plane (air)

Fun Fact : Neptune orbits the Sun once every 165 years. Hence, it has orbited the Sun only once since it was discovered. ― Edu ASTRONOMY

Aokadkdkkdkdokay

Not verified!?

I dunno... paperclip maximizer could ruin you

The person must have alot of layers

He doesn't own every onion he just owns the onions that people haven't bought

Weird flex, but okay.

And all ONIONS IN THE FUTURE. Lmao

Imao

*moves across the cell to sit next to the murderer*

@@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

@@gunjanshah13 I knew that years ago

@@gunjanshah13 did you make a channel just to comment stuff like this

Then again, politicians are looking for the “what will shut them up now” solution instead of “oh shit, this is could be a huge issue”

I mean at 5:25 he does say what some of the downsides are of it now.

What am I missing here? Cuddlebuns owned 98% of onions. So just don't buy onions. Onions will rot, supply will drop, market is no longer cornered.

Right? I'm going to do it with oats now. Git had, feds!

@@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.

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.

@@darnit1944 I never called them stupid, I called the stuff they sell stupid

Gotta love capitalism

To be honest, the effect on the onion economy in the long term has been bad.

@@josephfox9221 They handled it poorly, but I think we'd all rather go without another Onion King

@@freakymoejoe2 let us all welcome the potato emperor

We do have laws against monopolies our gov is just to corrupt and incompetent to do anything

I'm looking forward to the second coming of the melon lord

Heh, root

because the guy couldn't possibly pull the exact same scheme with potatoes. they don't have enough layers

alright time to get the grapefruit market, who wants in?

@@MicrowaveFanFic me

@@MicrowaveFanFic Sorry I already own all the grapefruit and future grapefruit

🥁 🥁 🧅

Ur an onion MJB

And more! Here's deep fried potato skin and onion for dessert!

rare interrobang hours

Stonks

Fun Fact : Neptune orbits the Sun once every 165 years. Hence, it has orbited the Sun only once since it was discovered. ― Edu ASTRONOMY

Stinks

This is the best comment I have ever seen 👀👀

Hey im not cri Someone Cut a stink onion

@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.

keeping the root bulb on while cutting is supposedly best for people with really sensitive eyes.

But that man bun tho, like why are you in the workplace, whilst also trying to have a man bun? Arrggghhh

@@imadrifter do you have a time stamp?

@@its_rasko9126 2:50

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

That's a frickin massive error wth

@@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.

@@eragonawesome You mean it's a miracle you haven't found more errors like this.

Lol

@boris steve YOU FOOL! YOU'VE CREATED MULTI-ONIONS! HE'S EVEN MORE IN CONTROL!

Me: I hate onions, so you can keep them even if they are free.

*Chicago onions.

The Sun never rised on their past empire how would it set

hah

Ironic

Communists and Socialists : You destroyed us, capitalism.

LMAO 😂

Seems like a race to see who can break the system the fastest.

well funyuns aren't actually onions they just have some onion flavors spray on them they're actually corn

Government bureaucracy at its finest.

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.

Yeah that part was weird... were there no existing antitrust legislation that he could have been prosecuted under?

@@David-lr2vi I wish my problems earned me about 85 million dollars.

@@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

where food is good (but not too good eh)

so little comments compared to likes. we need some onions

@@cringium Yeah lol

Because as other comments have corrected, he owned 98% of all unions in Chicago, not the U.S.

BURNN

and he called him cuddlebuns just a second later

Beacuse he is in the illuminati beacuse of his youtube gazillions together with 5 minute crafts.

That because of spies. Sam is part of the CIA.

Interesting...

I had a classmate whose father was a "Porta-Potty" millionaire. Lots of jokes, but money is money.

Okay, but onions aren't as dumb as pork bellies.

@@krishnar1182 same

Millionaire parties tend to have a surplus of cocaine and children laying about.

As opposed to today. Streaming. RU-vid. Porn.

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

Trading with the help and guidance of Mr Carlton Jefferson is a blessing and a gift to my family and has given me a bigger name in the market

@@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

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Woah, that's a meme I need to know, but did not!

Same. And I made the like counter 69

Hahaha

@@kilomikedelta254 square root

why do u even know that?

Ok, but who is Thomas Frank?

@@nerusaru Another RU-vidr

It was a good movie

Yessss this movie is amazing at explaining the 2008 housing market crash.

It’s the other way around, Margot Robbie is just a poor man’s Thomas Frank

Politicians can’t piss off their wealthy owners, I mean donors, who do this all the time but are just more quiet about it.

He must be serving a life sentence

@@yksisolttu Death row actually

But don't call Crimes "Cuddlebuns", he hates that.

Well, if you buy an HAI sticker future now, you can be guaranteed the price won't go up.

*cries in American*

Praise kek. Prices no go down.

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

wait i thought tot was death in German?

Hehe toad

@@kennystimpson2775 Death - Tod Dead - tot You had it almost

Komm, Süsser Tod Wait, wrong video...

@@lelouchunderground It all returns to NOTHING...

tbh, the french onion soup's main constituant is bread

Hollywood movies and onion futures. Name a more iconic duo, I'll wait.

lmfao

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.

Luckily it was not skillshare.

Well, technically he made the nebula....

@@Sean-of9rs yeah but surely he earns enough by the videos and doesn't need a sponsorship every single video

@@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.

me too ! but I had check Wikipedia and ... apparently is true :-)

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.

"Literally"?? Are you one of those people who can't learn outside of listening to jokes? Chicago region only. Chicago =/= "all American".

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

Ah yes the onion lord

​@@sirsurnamethefirstofhisnam7986 Maybe the solution is to build an economy that takes the best parts of both systems. Crazy, I know!

@@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

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.

They do when the police comes to arrest them for trading onion in the black markets.

And my life

Bold move commenting this before it hits 500k views

Let's see whether this comment stands the test of time and whether this video will get 500k views. Just for the record it is 23k views now.

Currently at 429k views

No u not first

@@diamonddunkers_ nobody cares

@@diamonddunkers_ yes i was the "first" comment was a glitched one that wasn't actually real

its only half as intresting

6th

You say anyway as if it wasn't the reason

That's the person that made Wikipe-tan

what do u mean he dug many holes ?

@@thesage1096 Read the book/watch the movie "Holes". it's too long to explain here 😁

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Wow I'm just shock you mentioned and recommended Expert Mrs Laura I thought I'm the only trading with her

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check out the new channel, a hill to die on if you like half as interesting!

Next mistakes video will talk about the time Sam accidentally swapped the two videos that were going to be uploaded between channels

Fun Fact : Neptune orbits the Sun once every 165 years. Hence, it has orbited the Sun only once since it was discovered. ― Edu ASTRONOMY