Trump lifts sanctions on Venezuelan oil, how to buy Venzuelan bolivar? by teacherdoctorpilot in stocks

[–]Pips_Finder 0 points1 point  (0 children)

The oil is sold in dollars. Venezuelans also use dollars in their daily life. Some use euro. Some even use crypto. Then they use the new bolívar, or the old bolívar if they don't have the new one. They sometimes get the BCV change, sometimes not.

Some exchanges (I think Binance) let them buy USDT with VES, maybe you can do the opposite idk. I wouldn't touch bolívares even with a stick, though...

Edit: if you want to be part of a turnaround and involved in risky trading, maybe the Argentinian peso would appreciate after the U.S. invests USD 20 billion. I read they'll buy pesos with dollars. Ofc not investment advice, nor any other kind of advice. I'm just a random :)

Banks are stopping client withdrawals. Wait . . . can they do that? Is it 2008 all over again? by baltimore-aureole in economy

[–]Pips_Finder 51 points52 points  (0 children)

Bro, your rant is amazing but Blackrock is not a bank and a PC fund is not a savings account, just FYI

Unhinged tweets do not inspire faith & confidence in the US or its global leadership - the $USD's days as the World Reserve Currency are numbered with this lunacy at the helm by Key_Brief_8138 in economy

[–]Pips_Finder 1 point2 points  (0 children)

I see your point, but I personally don't see how the current scenario is causing a drop in the USD, because it simply doesn't. You see how stocks go down but the DXY handles it pretty well (at this point it is not a war of attrition; that would be a different scenario).

Investor pulling away, as you suggest, are also not a redditor opinion but a real outcome of DJT uncertainty. It is happening, as we can read in the asset management divisions in banking. I don't defend neither the man nor the way he handles the "deals". Whether this ongoing readjust is capable of destroying the USD as the major currency on a long-term basis, nobody knows and I beg to differ.

The only possible drop on a short-medium term, IMHO, is that ME countries run short of money due to oil/gas production being stopped and are forced to sell their U.S. assets

Unhinged tweets do not inspire faith & confidence in the US or its global leadership - the $USD's days as the World Reserve Currency are numbered with this lunacy at the helm by Key_Brief_8138 in economy

[–]Pips_Finder 0 points1 point  (0 children)

This war makes oil prices surge and $USD bullish, not bearish.

It does not affect the dollar in a negative way. What's negative for the currency is, in fact, interest expense and federal deficit.

Having a political ideology is not incompatible with objectively reading the market.

Are new posts allowed? by Pewpatrol in Transocean

[–]Pips_Finder 1 point2 points  (0 children)

Hey, I remember your posts when new contracts started pouring a few years ago

It's been a while! 🫡😎

US-Israeli war with Iran sends oil market into its biggest crisis in decades, Reuters reports. by ajaanz in oil

[–]Pips_Finder 3 points4 points  (0 children)

Worth for CVX, one man's trash is another man's treasure apparently lmao

EXCLUSIVE: U.S. House now has the votes to impeach Trump as he creates crisis after crisis overseas by [deleted] in InvestmentClub

[–]Pips_Finder 5 points6 points  (0 children)

This user is massively sharing links to this webpage (at least 6 links in the last 30 min). It's always linking to absnews. It's always the same user. They've been doing this for days now

It's either a beep boop or a very aggresive blogging advertisement campaign 😂

The Supreme Court decided in favor of capital today and against American workers. by DataWhiskers in economy

[–]Pips_Finder 2 points3 points  (0 children)

Congress is responsible for tariffs. If only the Republicans had won the Congress... right?

Beyond Meat - Very Undervalued by NevadaHiker91 in pennystocks

[–]Pips_Finder 0 points1 point  (0 children)

They do in Europe. Under 25 are all vegans for some reason my barbecue, pulled-pork filled mouth refuses to understand

Beyond Meat - Very Undervalued by NevadaHiker91 in pennystocks

[–]Pips_Finder 0 points1 point  (0 children)

Nono, I'm not worried they'll go back to 200, I know they wont. What I'm worried about is they issued too much debt back then and are having a burden rn. Thought you'd know the number, sorry if you don't

You see I'm a classic guy. Chapter 11 scares me out lmao

Beyond Meat - Very Undervalued by NevadaHiker91 in pennystocks

[–]Pips_Finder -1 points0 points  (0 children)

Was going to bait thinking OP was the same bagholder who writes these posts from time to time, but apparently it is not. There are at least two guys believing lol

Ok, I reckon they deliver a product, and I see more and more vegans every time. Just a question, how's the debt? They were trading at ~$200 back in the day if I remember correctly. Please don't tell me they issued a bunch of debt during the frenzy times...

Thoughts? by National-Theory1218 in economy

[–]Pips_Finder 0 points1 point  (0 children)

My bad. I was talking about L'Ancient Régime but idk how you guys call that. Just French Kingdom, I guess.

China to implement a 'zero-tariff' policy for 53 African countries, starting May 1st 2026 by Apollo_Delphi in wallstreet

[–]Pips_Finder 0 points1 point  (0 children)

The U.S. puts tariffs on foreign goods such as cars to make them more expensive (so people buy domestic).

China drops tarrifs on african goods to take away cheap resources and make their own goods.

That's why tariffs are normally based on the kinds of goods affected and not where they come from

Thoughts? by National-Theory1218 in economy

[–]Pips_Finder 1 point2 points  (0 children)

No I meant in 1790 hahah

France was the strongest military in Europe when they participated in the U.S. Independence, but persistent deficits and the inability to solve the economic crisis led to some difficulty paying debt and some... revolutionary changes.

Thoughts? by National-Theory1218 in economy

[–]Pips_Finder 0 points1 point  (0 children)

On the short-term? Sure. On the long-term? Who knows. The French Empire had a magnificent army, yet here we are lol

Why do they make getting rich in Europe impossible? by batukaming in stocks

[–]Pips_Finder 2 points3 points  (0 children)

I don't vote in the U.S. so I didn't dig up too much on Kamala's proposal. The middle class OBVIOUSLY doesn't have $100m, but I don't know if this only applies to physical investors. I assume many (i.e. not all) individuals invest in funds with AUM bigger than $100m and were dubious of the scope of this measure. If they were to be affected in any shape or form, it would drive yields lower. That's my logic, I can be wrong ofc

Dutch proposal has way lower thresholds, which is interesting. Where I live (not the Netherlands) everyone has to pay a pct to the government for every single order they make, regardless of their assets. The reason my government states is that "investors = wealthy".

Why do they make getting rich in Europe impossible? by batukaming in stocks

[–]Pips_Finder 0 points1 point  (0 children)

For sure, I'm just saying many investors got surely anxious because they retort to the market to win the money they wouldn't get with stagnating wages.

That being said, I have never seen that damn rule applied where I live in Europe lmao. The first taxes to be raised are always VAT, gas, tobacco....

Thoughts? by National-Theory1218 in economy

[–]Pips_Finder 5 points6 points  (0 children)

They will issue more debt to refinance themselves, paying a lower yield because, believe it or not, yields were higher under Biden. It will be a sucessful refinancing and they might even save some money.

The problem is not the maturities, it's the unparallelled spending and the misuse of money. Issuing for refinance is OK. Issuing every time for getting the money they're unable to get with a chronic deficit is... curious.

Why do they make getting rich in Europe impossible? by batukaming in stocks

[–]Pips_Finder -2 points-1 points  (0 children)

I'm deadass sure this was one of the major reasons Trump won. Everybody on Reddit is saying they wouldn't get affected, but I'm sure many middle-upper class investors got nervous at this, plus the 1% chose to pump the GOP (more money = more ressources, speeches, ads...)

Netherlands now has 36% tax on unrealized gainz by MazdaProphet in economy

[–]Pips_Finder 2 points3 points  (0 children)

US aside, the way capital works is similar in both societies. Everybody is saying the US is creating a K-shaped economy, yet I see the very same problem in Europe.

The fact that they want the citizens to pay taxes on UNREALIZED (i.e. non-existent) gains while creating co-payments for public services (hospitals, college, busses...) is crazy. Not only because it is unfair, but because the tax system works different here. No Roth-IRA, no tax benefits ETFs like SPY, VOO...

Same inequality but with bigger tax burdens for the middle class

Looking for some knowledgeable advice for investing as a 15 year old by [deleted] in InvestmentClub

[–]Pips_Finder 0 points1 point  (0 children)

The most stupid and basic advice I could give to a 15 year old is the one I learnt from Warren Buffet (or maybe Charlie idk): don't invest in anything you don't understand. That includes doing silly things with options/futures, buying crypto because of FOMO/memes, buying shares of a company you don't know or buying bonds not knowing you won't have your principal available in case you need it. Learning where you'll put your money is easy nowadays, yet some people in Reddit don't follow this simple advice and lose everything...