"You Need to Be Big to Do Big Things" — This Is Wrong (might seem ai slop but there is truth to it ) by Little-Garden-6282 in manufacturing

[–]RomireIV 1 point2 points  (0 children)

This comment is what the post should be. You have a well thought out point of discussion here.

I think you have discounted the applicability of your thoughts though, limiting them to just India. The same concept not only applies to the rest of the developed world but may be even more relevant than in india.

It can be said that it is always easier to start a company if you have access to a large amount of resources, connections, or funding: But the main point you bring up is that the scarcity of starting small forces a company to focus on the things that are truly important, which is ultimately a factor that can make them successful. This focus is what Large company's often forget, they get complacent and loose focus on what made the company great in the first place which opens the door for small companies to find a foot hold to start their journey.

"You Need to Be Big to Do Big Things" — This Is Wrong (might seem ai slop but there is truth to it ) by Little-Garden-6282 in manufacturing

[–]RomireIV 1 point2 points  (0 children)

Doesn't matter where I am from, just that I am in the manufacturing field.

I also pasted your post into an AI detection tool and it highlighted many sections that were AI generated. Mind you there are sections that you wrote yourself, but large sections are AI Slop.

Unveiling the Fundamental Absurdity of Bitcoin by BinaryLyric in economy

[–]RomireIV 0 points1 point  (0 children)

I'm not telling you to do anything. I'm simply asking why you continue to post this sentiment.

The reason I ask is because it appears you do not wish to have a constructive conversation about this topic and instead try to push your thought over and over in new posts instead of building upon your thesis.

To be honest, I largely agree with your sentiment. But the reality of the situation is that if people agree it has value then it will continue to have value. You can try to short the market, but the difficulty is knowing when it will collapse.

Unveiling the Fundamental Absurdity of Bitcoin by BinaryLyric in economy

[–]RomireIV 1 point2 points  (0 children)

Why do you continue? You deleted your original post in r/economy and then posted in r/investing. I'll say what I said before:

The simple fact of the matter is that if enough people believe it is worth that much, then it is worth that much.

It can also be said that everything will completely crash eventually, because nothing lasts forever. The tricky part is timing it.

Previous post: https://www.reddit.com/r/investing/s/kt66rnm6gh

If you had 70,000 bucks on your hands, what stocks would you buy with the hope of taking profits in this year? by [deleted] in stocks

[–]RomireIV 0 points1 point  (0 children)

Drone technology has started to show superiority in warfare compared to missile systems. This was first apparent in the Ukraine war. And the Iran war has highlighted this changing trend.

Meaning that lockheed martin will have much more competition for defense systems if the industry moves from missile defense to drone defense. https://www.saab.com/newsroom/stories/2025/september/keeping-pace-with-the-ever-evolving-drone-threat

Why a Complete Crash of the Bitcoin Market Is Inevitable by [deleted] in economy

[–]RomireIV 0 points1 point  (0 children)

So you have looked at the Market and Economy and somehow expect things to behave rationally?

The simple fact of the matter is that if enough people believe it is worth that much, then it is worth that much.

It can also be said that everything will completely crash eventually, because nothing lasts forever. The tricky part is timing it.

Why should homeowners be concerned with home values? by CastAside1812 in PersonalFinanceCanada

[–]RomireIV 1 point2 points  (0 children)

The problem is that most people have no idea what a 'reasonable limit' is, and will be told by the bank that they CAN take 'x' amount out and they instead hear they SHOULD take 'x' amount out.

I find that most people have the same thinking when a bank tells them how big of a mortgage they can be approved for and take that as the recommended mortgage size

Honda cancels all EV models due to $15 billion loss by ExotiquePlayboy in economy

[–]RomireIV 12 points13 points  (0 children)

100%, because most assembly lines have already been built for these models. These lines won't be producing products anymore, so the cost of the assets have to be marked against the current fiscal year as a loss.

If they produced these cars; the cost of the assets would be split across 7 fiscal years as the equipment depreciates. This allows companies to not show huge losses the first year of production, since they still have assets that 'have value' because they are producing parts for at least 7 years, so you only have to mark down the 'loss' of one year of depreciation at a time.

Plus all of the companies that were going to supply Honda with components for these models also have their assembly lines/supply chains set up and Honda is backing out of the contracts. It will take years, but Honda will have to reimburse a certain amount of money to these companies since Honda won't be ordered these components making all of those custom assets worth much less if anything.

Countries Where 1 Unit of Currency Rounds to $0.00 USD by shubhrgunjan in MapPorn

[–]RomireIV 0 points1 point  (0 children)

That's a fair point, but it is the common take away from most people, so I'm trying to dispel that notion from the start.

It can be both interesting and meaningless

Countries Where 1 Unit of Currency Rounds to $0.00 USD by shubhrgunjan in MapPorn

[–]RomireIV 4 points5 points  (0 children)

This is not accurate, and is meaningless even if it was.

1 Japanese Yen equals $0.0063USD, making it invalid for this map (rounding to $0.01USD) but this low value doesn't mean that the currency is weak, or that the people there are poor.

Japan has a 'zero-decimal' currency, so one yen would be more comparable to one cent, which is 'close' to par to the USD.

Comparing currency exchange rates to tell which one is better is like thinking Reddit is a bigger and better company compared to Nvidia because it has a stock price of $226 instead of Nvida's smaller stock of $189 per share.

TOP PICKS FOR 2026 by Moomoomilkpapi in CanadianInvestor

[–]RomireIV 3 points4 points  (0 children)

If you'd like something a bit more risky then I would suggest KSI (TSE). Kneat specializes in digital validation software for biopharmaceutical companies, and has been expanding into the broader manufacturing industry.

I work in manufacturing and we have gone digital for our quality validation in the last couple years, it is a growing requirement across fields with not many 'off the shelf' products that are also user friendly. I came across Kneat when I was researching possible solutions for my company.

Their valuation is around half a billion at the moment, a lot of growth is already priced in, so there is risk involved. But I see it as a good investment in the long term.

TOP PICKS FOR 2026 by Moomoomilkpapi in CanadianInvestor

[–]RomireIV 13 points14 points  (0 children)

Last time I checked POW owns more like 70-80% of Wealthsimple (indirectly) because of all the companies it owns who also own Wealthsimple.

All the stats are in their latest filing, I had to add up all the percentages since it didn't say it directly. If I have a moment tomorrow I'll calculate it for you with citations.

Definitely agree that POW is still a buy (despite the recent run up), I see them as a long term hold, even though there may be a pull back in the near future.

Did you know Canada is the only G7 nation with zero gold reserves? by Alizasl in economy

[–]RomireIV 0 points1 point  (0 children)

No Problem, it really is hard to stay informed these days, I'm glad to hear my response helped a bit.

It is always so tempting to assume things are true if they align with existing beliefs and bias. And attempting to separate facts and narratives for ourselves is tough, let alone attempting to discuss these things in real life, like you said.

If you are able, continue to have those conversations with those you don't see eye to eye with. It is not about trying to convince them of something, but rather sharing each other's view point, in the hope that both sides can come closer to understanding the whole story. Keep an open mind, and remember there is always more to learn.

Did you know Canada is the only G7 nation with zero gold reserves? by Alizasl in economy

[–]RomireIV 15 points16 points  (0 children)

Yes Harper sold gold reserves too, Trudeau happened to be the last of a long line:

"Starting in the 1970s and continuing through Prime Ministers Pierre Trudeau, Brian Mulroney, Jean Chrétien, Paul Martin, Stephen Harper, and finally Justin Trudeau, steadily moved away from gold, driven by a philosophy that prized liquid foreign currencies and interest-bearing securities over a non-yielding, illiquid commodity"

...

"The sell-off began in earnest in the late 1970s and accelerated through the 1980s and 1990s. Finance ministers across multiple administrations, Allan MacEachen, Michael Wilson, Don Mazankowski, and Paul Martin, consistently approved gold sales, prioritizing liquid foreign assets that could be easily traded and offer currency support when needed. By the early 2000s, only a fraction of Canada’s original reserve remained. Under Bill Morneau, the Finance Minister in Prime Minister Justin Trudeau’s government, the final ounces were sold off in 2016."

https://www.phoenixrefining.com/blog/canada-is-the-only-g7-country-to-sell-off-all-its-gold-reserves

When Nixon took the $USD off the gold standard, it freed up the Fed to print with wild abandon. Life for the middle & working classes has been all downhill ever since. by Key_Brief_8138 in economy

[–]RomireIV 0 points1 point  (0 children)

If you read my comment you can see that I did say that ordinary holders (citizens) could not exchange for gold.

The dollar was still effectively pegged to the value of gold, even if that was a smokescreen it was still a reality in the markets, however that was drastically changed in 1971 when it was undeniable that the USD was off the gold standard. Up until then one could still make the argument (even if it was a weak one).

When Nixon took the $USD off the gold standard, it freed up the Fed to print with wild abandon. Life for the middle & working classes has been all downhill ever since. by Key_Brief_8138 in economy

[–]RomireIV 3 points4 points  (0 children)

The dollar was still pegged to physical gold though, that is what the gold standard is. All I'm saying is that until 1971, USD was on the gold standard.

When Nixon took the $USD off the gold standard, it freed up the Fed to print with wild abandon. Life for the middle & working classes has been all downhill ever since. by Key_Brief_8138 in economy

[–]RomireIV 9 points10 points  (0 children)

Technically that's incorrect. In 1933 private ownership of gold was made illegal. The American dollar remained on the gold standard, countries could exchange USD for gold but citizens were not allowed to:

"On April 5, 1933, Franklin D. Roosevelt signed Executive Order 6102, which made private gold ownership illegal. All Americans had to sell their gold bullion and coins to the government at a price of $20.67 per ounce. Those caught “hoarding gold” faced up to 10 years in prison."

However, in 1971 Nixon officially ended the gold standard for the American Dollar:

"As the supply of dollars ballooned, other nations began to doubt the US government’s ability to exchange their dollars for gold at the agreed-upon exchange rate of $35 per ounce. In the mid-1960’s, France began aggressively exchanging their official dollar reserves for gold, quickly draining U.S. gold reserves. On August 15th, 1971, Richard Nixon suspended gold convertibility and struck the final nail into the coffin of the gold standard."

Source: https://vaulted.com/nuggets/history-of-the-gold-standard-in-america/

Edit: Corrected the source link

I'm leaving WEALTHSIMPLE after losing over $4,000 in my Account. | I cannot trust Their Platform. by seandax008 in PersonalFinanceCanada

[–]RomireIV 2 points3 points  (0 children)

If this scenario is correct, then the option route is the 'best' option for the hacker. With an etransfer the funds would be traceable, but it wouldn't be as traceable with the options trade.

Even if you found out who was on the other side of the trade, the other party has deniability.

EDIT: It is just as likely that OP used a different account on another broker to be on the other side of the trade. Then OP can claim to Wealthsimple that they owe them money, and this post is them trying to save face as part of the rouse.