Listening to grumpy MPs in the Commons today, you might incorrectly think the UK-EU agreement didn’t cover much.

Find the agreements here:

https://t.co/RIg0yhl9ee

The contents follow below to illustrate scope.

PART ONE: COMMON AND INSTITUTIONAL PROVISIONS
Title I: General provisions
Title II: Principles of interpretation and definitions
Title III: Institutional framework

PART TWO: TRADE, TRANSPORT, FISHERIES AND OTHER ARRANGEMENTS
HEADING ONE: TRADE
Title I: Trade in goods
Title II: Services and investment
Title III: Digital trade
Title IV: Capital movements, payments, transfers and temporary safeguard measures
Title V: Intellectual property

Title VI: Public procurement
Title VII: Small and medium-sized enterprises
Title VIII: Energy
Title VI: Public procurement
Title VII: Small and medium-sized enterprises
Title VIII: Energy

Title IX: Transparency
Title X: Good regulatory practices and regulatory cooperation
Title XI: Level playing field for open and fair competition and sustainable development
Title XII: Exceptions

A quick switch to a new currency would create a risk of capital flight with people, businesses and investors moving money, jobs and investment out Scotland.

Even proposing it during a campaign would mean people move money, jobs and investment in case there was a devaluation. Just imagine the political and economic cost that would be paid.

Furthermore uncertainty for people over what would happen to their income, pension, mortgage and savings if held cross border.

Quebec suffered this in a major way in its referendum (with a quick change currency proposal) and the jobs and investment have not fully returned.

A further issue is the cost of borrowing for public services investment. If you ask the world’s savers to fund your public borrowing at a time when you are yet to get it on a sustainable footing and then add the risk of currency changes it will be very expensive.

THREAD: Unless you think $XRP is actually going to zero (spoiler- it's not), it doesn't make much sense at all to sell here. "But Credible, I can put the money elsewhere and it will make me money! Why hold this rotten, centralized, scam coin! It's just going to go down (cont.)

forever!" Well good sir, let me put this into perspective for you. Even if you think $XRP will never see ATH, or even past $1 again, chances we see a dead-cat bounce at the bare minimum, are high. Aside from the fact that we are now in a full fledged bull market, we can (cont.)

see that sell pressure on XRP is waning at this time- not just on the BTC pairing, but also the USD pairing. Bullish divs are popping up everywhere, across all TF's. This indicates that at the very LEAST, we will likely see a dead cat bounce here shortly (if not reversal) (cont.)

. So, lets take the chart below for example. If you hold here, even a dead cat bounce to .40 would increase the value of your position by near 100%. If you moved your funds elsewhere, say ETH for example, you would need to ride ETH from current prices of $750 to (cont.)

$1500 just to get the same rate of return. Or, you would need to ride BTC from $28,000 to $56,000 to get the same rate of return. Do you see what I am trying to say? The ONLY reason you would be selling here is if you think that there is actually a decent chance that $XRP (cont.)

1) As the miserable year of 2020 reaches its end, it's time to return to the offices of Hindsight Capital LLC.

For those unfamiliar, this great, albeit imaginary, hedge fund invests with the benefit of a style guaranteed to beat all others: hindsight

2) As such perfect vision would allow infinite returns, certain limits are imposed on Hindsight Capital’s managers:

🚫It can't trade during the year
🚫It can't use leverage
🚫It can't invest in individual stocks
✅It must make broader or sectoral

3) Hindsight can, however, make “long-short” trades.

But the hedge fund must be able to explain how someone might have made such a trade based on only what they knew at the time. Foreknowledge of earthquakes and hurricanes, for instance, is not allowed

4) As for the pandemic, Hindsight Capital’s managers were aware of the novel coronavirus in Wuhan and had little difficulty in predicting how the world would react and what its effects would be.

That was crucial, as will be seen in this thread

5) Hindsight Capital always bases itself in the country with the year’s weakest currency.

In 2020, that was Brazil, giving its managers a great excuse to live out the pandemic from an office overlooking Ipanema Beach

1/7: I understand that #Ripple's selling concerns many people. But the question is... how do you responsibly distribute Ripple's 50B $XRP? Ripple holding so much #XRP is one of the biggest complaints about XRP and why so many people don't like it and may also prevent ODL adoption

2/7: Escrow was introduced to help this, but that $XRP is still in Ripple's custody. They really need to distribute it. But how? Ideally, it should already have already been done years ago, but you can't go back in time to do it. @JoelKatz has talked about this challenge before.

3/7: So we're against them holding it and we're also against them selling it. So how do they distribute it? They can't give it away, who gets it, how do they choose? Giveaways this late in the game also negatively affect prices. Higher supply = lower demand = lower prices.

4/7: Ideally, they would only distribute this to Financial Institutions for use in #ODL, but unfortunately, there's not enough demand for the utility of XRP through ODL. Perhaps because Finacial Institutions don't want to hold it/use it due to regulatory uncertainty.

5/7: As I see it, there are a few options for distribution:
a) Incentivize the use of ODL despite regulatory clarity - such as giving incentives to #Moneygram,
b) Lock it back up in escrow, effectively reducing supply, but giving #Ripple custody.

A dumb thing I did in 2020:
Saw something that wasn't there on a maiden RE trade and bot late. Should have known bulk tonnage MRE/PEA etc almost all sold news in 2020 but was busy and rushed. Need to be early to best win those types of deposits. -25%ish for my trouble. 1/11

It was small money fortunately. <---GT Gold. Embarrassing thinking back on it. Industry guy told me it was kinda dumb after.😀I would say the lesson is to never rush into things but that's not true. There's times you can rush into things but it depends on the circumstances. 2/11

Example: I just happened to be watching the trading on Kodiak Copper as I thought it was through an interesting spot then all of a sudden the stock just started getting walked up. Grabbed some. It halts a minute later and releases proof of concept assays the next day. 3/11

Context is everything. Don't be afraid to try some things but keep it small when trying. You can learn really important lessons. Save piling in on concepts for when you've been doing this for years (10+?). You might win big early and think you're smart. Most of us are not. 4/11

No substitution for the grindstone. I won on a couple positions early. Tough to lose on Claude Resources buyout & finding Nexgen. Was saying to a few of the guys last night that I am surprised I did not go -50% on portfolio next. My strength was knowing I still knew little. 5/11

‘Billions will be wiped off the stock market!’

‘Project fear’

‘There will be chaos at ports!’

‘Project fear!’

‘Supermarkets and shops will struggle to get products’

‘Project fear!’

‘Medicinal supplies could dry up!’

‘Project fear!’

‘Brexit will detrimentally affect the value of the pound’

‘Project fear!’