What will gray vendors do to compete with new highly reduced prices for US GLP drugs?

[deleted.user.18]

I can't tell you because I don't know enough. I was never that high up the food chain to begin with and all the crypto shit came around after I retired anyway. What I can say with certainty is that saving a few dollars on peptides isn't worth losing your job over. So if someone says they don't want to risk it .. leave them be.

I’m not trying to give anybody flack, or convince them to leave their comfort zones, just sincerely want to know what are these jobs where using crypto will get you arrested and canned.

 

[MsGizmo]

I’m not trying to give anybody flack, or convince them to leave their comfort zones, just sincerely want to know what are these jobs where using crypto will get you arrested and canned.

Mostly in the financial sectors but I can see ways that government workers and law enforcement can get into trouble too. They aren't going to care about most of us to be honest. Like I could buy some and nothing would happen to me at all since I'm an old retired lady and the amount of money involved would be miniscule anyway.

 

[tubby]

Anybody with a security clearance (whether working for the government or a contractor) has to periodically renew said clearance. In theory, you can't be compelled to answer questions by the government. In practice, if you wish to keep your job you're going to need that renewal and there's no guarantee they're going to approve that renewal. This is especially likely if they see stuff they don't like or if you're not forthcoming with them. Most people in that position will make a conscious decision not to engage in any practices that could look suspicious, even if there's a perfectly innocent reason for the behavior.

Engaging in crypto transactions with a Chinese entity would be an example of that, as it could imply a financial relationship with a foreign government that you were trying to obscure, which would definitely be something the US government would be actively looking for. It doesn't matter if it's only a few hundred dollars. For all they know, you've got much bigger transactions taking place that their system didn't flag, so they're likely to want to dig into the nature of the transactions and take a much closer look at the rest of your financial transactions.

Now, let's imagine this is taking place 5 years from now, you've completely forgotten about these purchases or who the company was, you answer a question wrong, and now it looks like you're trying to hide something from the investigator. You say "oops," and explain the mistake. Now you're getting asked a dozen other questions you wouldn't have otherwise been asked. Even worse, perhaps the crypto wallet you sent to was mistakenly flagged as being affiliated with a terrorist organization. The investigator is sympathetic to you, but your telegram (or whatever) messages related to the order were lost and are no longer accessible to you. They deny your renewal. Your boss terminates your contract since your job requires the security clearance. You lose your house and cushy lifestyle. You say to yourself that there's a silver lining in this: At least now that you can't afford food, you'll finally lose that last 50 pounds, but despite being homeless, the EBT program ensures you can still afford food and you gain 50 pounds from stress eating instead.

I'm being hyperbolic here and this is an overly dramatic description of events, but this is the thought process that anyone with a security clearance will go through.

 

[deleted.user.18]

Anybody with a security clearance (whether working for the government or a contractor) has to periodically renew said clearance. In theory, you can't be compelled to answer questions by the government. In practice, if you wish to keep your job you're going to need that renewal and there's no guarantee they're going to approve that renewal. This is especially likely if they see stuff they don't like or if you're not forthcoming with them. Most people in that position will make a conscious decision not to engage in any practices that could look suspicious, even if there's a perfectly innocent reason for the behavior.

Engaging in crypto transactions with a Chinese entity would be an example of that, as it could imply a financial relationship with a foreign government that you were trying to obscure, which would definitely be something the US government would be actively looking for. It doesn't matter if it's only a few hundred dollars. For all they know, you've got much bigger transactions taking place that their system didn't flag, so they're likely to want to dig into the nature of the transactions and take a much closer look at the rest of your financial transactions.

Now, let's imagine this is taking place 5 years from now, you've completely forgotten about these purchases or who the company was, you answer a question wrong, and now it looks like you're trying to hide something from the investigator. You say "oops," and explain the mistake. Now you're getting asked a dozen other questions you wouldn't have otherwise been asked. Even worse, perhaps the crypto wallet you sent to was mistakenly flagged as being affiliated with a terrorist organization. The investigator is sympathetic to you, but your telegram (or whatever) messages related to the order were lost and are no longer accessible to you. They deny your renewal. Your boss terminates your contract since your job requires the security clearance. You lose your house and cushy lifestyle. You say to yourself that there's a silver lining in this: At least now that you can't afford food, you'll finally lose that last 50 pounds, but despite being homeless, the EBT program ensures you can still afford food and you gain 50 pounds from stress eating instead.

I'm being hyperbolic here and this is an overly dramatic description of events, but this is the thought process that anyone with a security clearance will go through.

This is your Personal experience? You hold such a job? Because I know military personnel with government security clearance that don’t seem to be bothered by using crypto and buying things from China. It’s just a contradiction I have observed between forum posts and life experiences.

 

[ocuzuc]

Member firms in FINRA. Some will outright ban it so they don’t have to have to make a system and report back on employee personal crypto activities. https://www.finra.org/rules-guidance/guidance/crypto-assets-update

 

[MsGizmo]

This is your Personal experience? You hold such a job? Because I know military personnel with government security clearance that don’t seem to be bothered by using crypto and buying things from China. It’s just a contradiction I have observed between forum posts and life experiences.

Just another type of risk tolerance.

 

[Foggy-Hollow]

I keep hearing people say this, but nobody give specifics. Maybe central banking, certain auditing positions and broker/dealer finance?

If I am buying product with a cc, the illegal part is having a regulated drug without a prescription, it’s $1000 and I believe misdemeanor.

Using crypto, the three letter agencies get involved and it’s money laundering which is a felony.

WILL it happen, not likely in either case. I’m working in peon dollar amounts, not over $1000 at this point. Not worth anyone’s time.

You’re asking the how if I’m reading right. If someone is - random example 🙃- distributing out of their coffee shop, and an agency tracks it to vendor ABC, and for whatever reason the agency decides to pursue all the customers of ABC not just the QoffeeQueen, right now I’ll get the slap on the wrist misdemeanor, likely keep my employer and worst case am pushing a broom for them instead of my current position.

If I’m using crypto then a felony means I’m finding a new job. If I get silver bracelets for any reason I have to report it, and if they run their checks and find it before I state it, it’s no bueno. This is the only employer I’ve actually been random tested at, so I’m reasonably sure they would find out.

Is the risk low in any case? Yes. But like anything gray it’s about risk tolerance and mitigation. I’m willing to pay a little more to avoid crypto at the moment.


QoffeeQueen link if you hadn’t seen it: https://www.kcentv.com/article/news...rugs/500-711f0244-2e76-4f40-a493-fb9ccec52baa

 

[AndyPanda]

This is your Personal experience? You hold such a job? Because I know military personnel with government security clearance that don’t seem to be bothered by using crypto and buying things from China. It’s just a contradiction I have observed between forum posts and life experiences.

A Top Secret Clearance is much more in depth than Secret Clearance. Active duty military clearances are also different than the clearances conducted for Federal Civilian employees. I’ve held both and it’s not worth the risk. Frankly, I would have questioned someone’s integrity when I was working in Law Enforcement if they were doing exactly what I am doing. This is some pretty shady shit no matter what we tell ourselves to feel better about it.

 

[deleted.user.18]

A Top Secret Clearance is much more in depth than Secret Clearance. Active duty military clearances are also different than the clearances conducted for Federal Civilian employees. I’ve held both and it’s not worth the risk. Frankly, I would have questioned someone’s integrity when I was working in Law Enforcement if they were doing exactly what I am doing. This is some pretty shady shit no matter what we tell ourselves to feel better about it.

I guess I agree. To my sense of ethics- buying and using medication without prescription, or unapproved medication is more suspect than generally owning or using cryptocurrency. Though the FINRA restrictions and foreign country ties make sense too. I can understand that importing to the USA is a different level of risk than buying and possessing from a USA warehouse. I have not found a single case where an individual was even targeted for personal use and possession. They are all about distributors/resellers or selling and administering the injections. Sees like the bigger the operation the heavier the class of charge, many just seem to be getting warnings fines and/or cease and desists. But other bigger cases, especially where individuals are posing as medical practitioners and administering medication to others for profit, get the felony club.

To clarify, money laundering has been thrown around a couple times in this thread. I check with my attorney on this and what we individuals are doing is in no way shape or form money laundering. Even if we use crypto to mae the purchase. There are other legal risks, but using legally earned money to buy something (even illegal somethings) is not money laundering.

And my disclaimer here continues to be, I am not trying to alter anyone else’s risk tolerance. More so just trying to define and understand the specific risks.

 

[rGrain]

Can they survive with $150 a month name brand drugs? I get that it’s still a little cheaper to go with gray, but they will need to compesate

A years dose of Seme is 72 dollars at the highest standard dose (2.4mg) . The meddian price for most customers (I have asked my in laws and my wife gets it through my insurance) is 25 bucks a month. It's cheap if you have decent insurance and Grey is literally almost cost less even with testing!

 

[AndyPanda]

A years dose of Seme is 72 dollars at the highest standard dose (2.4mg) . The meddian price for most customers (I have asked my in laws and my wife gets it through my insurance) is 25 bucks a month. It's cheap if you have decent insurance and Grey is literally almost cost less even with testing!

$25 a month and you are getting the real thing. No waiting 3 weeks to a month to get it. Not paying $40 for shipping and risking seizures. Not worrying about overfill, underfill or zero peptides. Also, Sema isn’t the only one.

Chinese vendors should do something to compete and the people on here should encourage them to do something, pushing for better deals. You need to stop acting like they are doing you some kind of favor. They make plenty of money and aren’t selling this stuff through the kindness of their hearts.

 

[mraajr]

You need to stop acting like they are doing you some kind of favor. They make plenty of money and aren’t selling this stuff through the kindness of their hearts.

The same can be said about Big Pharma too.

 

[AndyPanda]

The same can be said about Big Pharma too.

Big Pharma can do whatever they want, and they will. They have stock holders to answer to. They own Senators, Congressmen, Judges, and agencies. They develop and study these drugs. The Chinese do the same thing they do with tech. They steal the idea, reproduce it and sell it to fat Americans.

It’s like you people want to keep paying them the same prices and not get better deals.

 

[mraajr]

Big Pharma can do whatever they want, and they will. They have stock holders to answer to. They own Senators, Congressmen, Judges, and agencies. They develop and study these drugs. The Chinese do the same thing they do with tech. They steal the idea, reproduce it and sell it to fat Americans.

It’s like you people want to keep paying them the same prices and not get better deals.

You people? Easy now. I am always looking for a better deal. Having started with a compounding pharmacy, then onto single-vial vendors, then to GBs, I have always looked for the best deal. And I feel like, at least for the moment, I have found it. I am sure the prices will continue to go down, but at the moment I am pretty happy with the current pricing.

 

[Habibibi]

$25 a month and you are getting the real thing. No waiting 3 weeks to a month to get it. Not paying $40 for shipping and risking seizures. Not worrying about overfill, underfill or zero peptides. Also, Sema isn’t the only one.

Chinese vendors should do something to compete and the people on here should encourage them to do something, pushing for better deals. You need to stop acting like they are doing you some kind of favor. They make plenty of money and aren’t selling this stuff through the kindness of their hearts.

Sounds like I'm still getting a better deal from China. Of course, if you don't want to wait too much, there's always the option of using a US warehouse.

 

[AndyPanda]

You people? Easy now. I am always looking for a better deal. Having started with a compounding pharmacy, then onto single-vial vendors, then to GBs, I have always looked for the best deal. And I feel like, at least for the moment, I have found it. I am sure the prices will continue to go down, but at the moment I am pretty happy with the current pricing.

I know you were kidding, but I should be easy. If you call someone out on here anymore you get thread banned. I guess we are more concerned with peoples feelings here than the truth.

 

[rGrain]

$25 a month and you are getting the real thing. No waiting 3 weeks to a month to get it. Not paying $40 for shipping and risking seizures. Not worrying about overfill, underfill or zero peptides. Also, Sema isn’t the only one.

Chinese vendors should do something to compete and the people on here should encourage them to do something, pushing for better deals. You need to stop acting like they are doing you some kind of favor. They make plenty of money and aren’t selling this stuff through the kindness of their hearts.

I will say this there is kind of a wait like it was actually kind of painful to get the medicine. Multiple pharmacies did not have it for a while and as you probably know you have to go through a mandatory fitness program and you have to go through quarterly fitness counseling that adds up because the cost of that is at least $25 a pop if you have a good pole co-pay, add another $25 if you get the DEXA scans so the thing is it's cheap but they make you earn your medicine as they say

 

[rGrain]

I will also add to my previous point. A lot of insurance providers are legit dropping coverage for zip bound. I suspect the cost to the insurance companies is so high that a lot of low end insurance companies are dropping that and while the cost to get some glue tide will go down, especially since it's going generic in Canada, I feel like it's both cheap and expensive

 

[AndyPanda]

I will say this there is kind of a wait like it was actually kind of painful to get the medicine. Multiple pharmacies did not have it for a while and as you probably know you have to go through a mandatory fitness program and you have to go through quarterly fitness counseling that adds up because the cost of that is at least $25 a pop if you have a good pole co-pay, add another $25 if you get the DEXA scans so the thing is it's cheap but they make you earn your medicine as they say

I just asked my PCP for it and it was written. Maybe some states are better than others? I was just sick of paying what the prices were then.

 

[Calm Logic]

https://www.thepharmaletter.com/generics/generic-makers-in-india-rethink-semaglutide-prices-eye-36-to-60-range

"Generic drugmakers in India are revising pricing plans after Denmark’s Novo Nordisk slashed costs for its weight-loss injection Wegovy (semaglutide). Companies that had aimed to launch generics at $84 to $96 per month are now considering a lower $36 to $60 per month range."

 

[Habibibi]

I can't think of a single item in my life that has gone down in price this year, except for GLP1 peptides. Amazing to see what those prices could be next year in foreign markets.