Why Trading Onions on Financial Markets is Illegal
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- Опубліковано 14 чер 2024
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Video written by Adam Chase
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ok
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!?
Imagine the unbelievable flex of being able to say "I own every onion in the United States of America."
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
So what are you in jail for?
"Murder"
"Robbery"
"Trading onions on the stock market"
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
Banning the sale of onion futures seems like an oddly specific solution to what I imagine could be a more general problem.
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.
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.
@@darnit1944 I never called them stupid, I called the stuff they sell stupid
Gotta love capitalism
"Hey, why you don't make a law punishing market manipulation for onions?"
"Do you mean any market manipulation?"
"No, only onions..."
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
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.
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
“Why Trading Onions On The Financial Market Is Illegal”
Because It Made The Investors Cry...
🥁 🥁 🧅
Ur an onion MJB
4:33 At orphanages and public schools:
"What's for lunch?"
"Liver and onions, with sides of onion rings and onion soup."
"Again‽"
And more!
Here's deep fried potato skin and onion for dessert!
rare interrobang hours
"He wanted to own all of the onions"
*my goals are beyond your understanding*
That is the best thumbnail I have ever seen.
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
Any one else cringe at how these onions are chopped in the stock footage, or that awkward man bun?
@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
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
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.
British: "The sun never sets on our empire."
Vincent: "I own all the onions, even the ones that haven't grown yet."
British: 🧐
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
Capitalism: "Am I a joke to you?"
Capitalists: "Yes."
hah
Ironic
Communists and Socialists : You destroyed us, capitalism.
LMAO 😂
Seems like a race to see who can break the system the fastest.
Don’t forget Funyons, the onion snack found in every bodega
Also that thumbnail is a masterpiece
well funyuns aren't actually onions they just have some onion flavors spray on them they're actually corn
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.
government:
Ban onion futures > prevent an individual from controlling a market
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
Teacher: "why are you laughing?"
My brain: Paul -Bunyan- Bonion
where food is good (but not too good eh)
so little comments compared to likes. we need some onions
@@cringium Yeah lol
-"Total onion domination"- "Total Domi-onion"
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.
Because as other comments have corrected, he owned 98% of all unions in Chicago, not the U.S.
“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
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...
Imagine going to a party of multi-millionaires and when they ask you how you made your money you tell them ''onions''
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. UA-cam. Porn.
Traders can try all the strategies they see on UA-cam. 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
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
there isn't a doubt that now, I will keep investing with sir carlton's methods, I just got paid again??his a true mastermind in trading
Gee I wonder why this chestnut got recommended during the wallstreetbets fiasco...
3:06 I hate how I immediately recognized that number as the root of all evil (square root of 666)
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?
For those wondering, that explanation with Thomas Frank is a reference to the movie, The Big Short. Excellent movie, highly recommend everyone to watch.
Ok, but who is Thomas Frank?
@@nerusaru Another UA-camr
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
Another interesting related food story: The Great Salad Oil Swindle of the early 1960's.
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.
Politicians can’t piss off their wealthy owners, I mean donors, who do this all the time but are just more quiet about it.
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"
He must be serving a life sentence
@@yksisolttu Death row actually
But don't call Crimes "Cuddlebuns", he hates that.
"I can guarantee an HAI sticker will cost $3.00 now and $3.00 tomorrow."
Okay, how much will the price go up on Thursday?
Well, if you buy an HAI sticker future now, you can be guaranteed the price won't go up.
0:53 I like Half as Interesting sense of humor.
Could you imagine getting a call from the IRS? "sir.... you need to pay the capital gains on your.... onions."
If it's onions this should obviously be forbidden!
But for life saving medications it's ok. Except the part where prices fall again.
*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
The Abbreviation for "Total Onion Domination" would be TOD, which means 'Death' in German
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...
Says: French Onion Soup
Shows: Soup with Potatos and Carrots
tbh, the french onion soup's main constituant is bread
Nebula plays on your phone the same way music does. Plays when it's closed. I used UA-cam all the time but it's $14 a month for UA-cam red. $3 a month for nebula. Immaculate. I'm honestly so impressed
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
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.
You left out one of the most interesting parts of this story: the Onion Futures Act also prohibits futures trading on movies
I have a feeling that this guy played a lot of monopoly
2:03 the Dutch: *Tulip Mania bubble crash in the 17th century flashbacks*
"This video is made possible by me"
Yes, finally!
"..and Nebula"
-_-
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.
3:07
Square root of 666 in case anyone else was wandering
This video has taught me I'm only half as interested in onions as I thought.
I cannot convey how much I appreciate that reference to The Big Short now that I've seen the movie.
I've watched this entire video and im still not convinced this isn't some late April Fools Day joke
me too ! but I had check Wikipedia and ... apparently is true :-)
The Soviet onion: where Vincent Kasuga makes the onions cry
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.
"Sour Apples that make you cry" you got me with that
"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*
"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
Reads the title: That is... A question that I never thought I would ask in my life.
HAI: "I guarantee that it costs $3 now and $3 tommorow" The Fed: "we'll see about 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
All those poorly chopped onions in the stock footage made me feel so nervous
I tried that with leeks, but somehow the information got out too soon, and when I tried to flood the market with beans everybody got wind of it …
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.
The stock traders must have not needed more crying in their lives.
They do when the police comes to arrest them for trading onion in the black markets.
These HAI videos are more random than my playlist.
And my life
the use of stock videos was so calming
Imagine the usual scenario: You go to a grocery store and buy some onions.
Immediately after, somewhere, Bogdanoff takes a call: "He bought? Dump it."
*HAI:* *Why Onions Illegal to Trade* *in Stock Markets*
*500k People:* *Well well Let's Find* *out*
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
Hey HAI, first! Stay safe out there and keep up the interesting content! Road to 2 mil!
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
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"
Love that the big short refrence
“In the 1950s cuddlebuns had a great idea” had me dead 😂
As you can clearly see, HAI has layers
the big short reference was brilliant
Akinsoft needs to hear about this one.
Wonder of this concept would work nowadays with another product, hmmm time to look into ornamental gourd futures.
We’re just not gonna talk about the bathtub scene, bruh i’m in class
3:37 stop tears are coming out of my eyes 😥
“Coked up hamburgerler”
Adding that to the “list of things I guess I say now”
I like the, 'the big short' reference. One of my favourite movies of all time.
HAI: Hey wanna see, why trading onions on the financial marked is illegal?
Me: WTF?
*Clicks it anyway*
You say anyway as if it wasn't the reason
I love these videos as you never know what you get and it is something rly random but it is to funny
this is verry intresting and i love the little jokes and how they try to explain as good as they can while being verry simplistic
getting sponsored by yourself
STONKS
or should i say, STINKS
2:57 and 0:44
HAI: **shows Kosuga on screen**
Also HAI: **writes Kasuga in captions**
That's the person that made Wikipe-tan
I loved the Big Short add-in lmao
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! :-)
But of course, shia labeouf would get them for free after digging many, many holes.
what do u mean he dug many holes ?
@@thesage1096 Read the book/watch the movie "Holes". it's too long to explain here 😁
Thomas Frank and The Big Short reference in one video? My life is complete now.
We watched the Big Short only a few days ago in class and suddenly that bathtub makes a whole lot more sense
Interesting; perhaps a follow-up on the law by which, in 2010, it was modified to add "motion picture box office futures" to the law would be educational & informative.
Ngl the thumbnail looked like a pumpkin for me and I was so confused why you started talking about onions
😳😳 seeing this after Robbin Hood ban GameStop
the part about shorts reminds me of this time when I sat down in class and was really cold and felt this surge of inspiration. my torso and arms were so cuddly and comfy in my sweatshirt, but my legs were so cold in my jeans. so what if someone made a sweatshirt for your legs? it's a brilliant idea: take sweatshirt material, make it into the shape of pants, and... oh.
2:34 And the more demand there is the higher the prices.
The most unique thumbnail so far😂
Ah yes, when the system fails dramatically yet again, the USA continues to add more layers of polish to the turd.
The Big Short reference was nice.
I want the video of your top 50 onion theories.
Damn, posted 1 second ago, perfect timing
I’ve never been this early before
I'd invest into Gunions. Sounds like a multi-billion idea
Now look what have you done. After seeing this video, whenever I drive and see a UPS truck, I keep looking which way it turns. Saw a few turning left ;)
Love that "The Big Short" reference
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?
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade
I will advice you should
stop trading on your own if you keep losing and start trading with Mrs Laura Morganna trading services
I will advice you should
stop trading on your own if you keep losing and start trading with Mrs Laura Morganna trading services
Wow I'm just shock you mentioned and recommended Expert Mrs Laura I thought I'm the only trading with her
@@scotjerkins5713 You don't need to be shock because I'm also a huge beneficiary of expert Mrs
Laura
The time I was this early, HAI was talking about their first mistakes...
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
Literally the perfect “Big Short” Easter egg at 3:44
They really yadda yadda’d how he attained “Total Onion Domination” in my “oponion” the most interesting part