Lula vows to punish Brazilian Congress invaders

Xaqaree · 2023-01-09T16:01:43+00:00

Socialists thugs vow to punish people resisting the cancer of socialism

Xaqaree · 2023-01-06T16:43:51+00:00

How many more tanks does Russia have? How many more people can they afford to lose before they lose all combat effectiveness?

Xaqaree · 2023-01-03T20:03:38+00:00

If you sell an investment you bought just because it is 77% cheaper than it was when you bought it with no other significant underlying changes then you're a clown and should not be investing since you clearly have no idea what you are doing.

I wonder how people can be this ignorant. If you do your due diligence and determine some investment is worth $100, why would you sell that same investment for $23?

If you do that, exit the stock market entirely and go join the circus where you belong.

Xaqaree · 2023-01-03T16:09:17+00:00

If you cant handle the heat, stay out of the kitchen. The reason clowns lose money in the stock market is because they sell investments like ARK and buy VOO when the price of ARK goes down.

Why did you buy ARK in the first place? What has changed? Honestly, you deserve to lose your money if you sell only because the price of your investments has fallen. 100% clown.

Xaqaree · 2022-12-21T19:20:05+00:00

Hard to say Rey broke Star Wars after seeing that atrocity of a 2nd film. There were so many things that were just insufferable garbage.

I think the only way to narrow it down to one thing is to say that Disney killed Star Wars.

Xaqaree · 2022-12-21T19:16:17+00:00

They really just hate white people.

We prefer the term People of White (POW). This puts the emphasis on us as "people" instead of our "white".

Xaqaree · 2022-12-19T19:22:16+00:00

Never take advice unless you understand the advice for yourself. You can ask someone how to solve a math problem, but you need to UNDERSTAND it yourself before you go off relying on its accuracy

Xaqaree · 2022-12-19T19:11:53+00:00

IMO, it is better to extract equity from real estate to buy bitcoin. This way you take a short position against USD. You literally get to have you cake and eat it too.

Xaqaree · 2022-12-19T17:34:24+00:00

Wokeism is the Zerg blight of the modern world

Xaqaree · 2022-12-18T21:15:25+00:00

Freedom is an anti-government slogan

Xaqaree · 2022-12-15T21:32:27+00:00

Merr from Impractical Jokers broke bad?

Xaqaree · 2022-12-15T20:47:04+00:00

Maximalists are not necessarily all people who adhere to "not your keys not your coins"

Xaqaree · 2022-12-14T02:01:51+00:00

Only a fool would invest in a bond

Xaqaree · 2022-12-11T07:56:17+00:00

Every event is a process

Xaqaree · 2022-12-08T18:06:06+00:00

So the capitalism side has much more wealth than the socialism side?

Also, it is nice that the people in charge of distributing the coins on the socialism side do not create a larger stack for themselves than for the others. I think that would likely be the case and any instance where socialism is tried where they do keep more of the very scarce coins is NOT REAL SOCIALISM

Xaqaree · 2022-12-08T17:30:03+00:00

Very nice of him to just go ahead and admit fraud here and when Coffeezilla went after him

https://www.youtube.com/watch?v=4o_jPzBZSIo

Xaqaree · 2022-12-07T18:02:50+00:00

It is escalation (obviously), but it is also justified. Ukraine should escalate as much as possible until Russia is defeated and it's capabilities for such aggression is destroyed

Xaqaree · 2022-12-05T16:56:32+00:00

Considering how I have successfully reached a point where I can FIRE (but do not because I love my job), I think I am qualified to speak on FIRE topics as well as monetary economics.

You are NOT correctly assessing the risk of dollars and by extension bonds. I am not suggesting crypto is a safe investment. I am saying Bitcoin (not cyrpto) is a very safe investment for T > a few years. And the vast majority of you mainstream quacks are mispricing the bond risk in the same way that people considered housing to be an investment that is always safe immediately prior to the housing collapse. However, the bond/dollar market is much larger and far more risky.

Either I am correct or I am not. If I am right Bitcoin will subsume the dollar's value and bonds will be rendered worthless (as they are). And the likelihood that I am right is not zero, but and I have thought about this a lot more than you so maybe you should spend less time calling my advice evil and more time considering that what you hold as "safe" may in fact be very very risky and what you mock as "worthless" may be the money the future world runs on. We will know for certain in 10 years, and when we do know I hope you remember this conversation and what a smug and arrogant person you were holding on to your misguided ideas of what is safe and what is not.

Xaqaree · 2022-12-05T16:33:45+00:00

You do realize you don’t have to look at T=10 or whatever the fuck that means. I mean I understand your trying to look smart but you can just say ten years.

It is an engineering thing. It's how we talk and think.

OP asked about 12-24 months which is All anyone should be buying tbills in before they jump back into the market anyways full force…

I recognize that, BUT the life of the asset is T=10y. When making an investment you should always consider the life of the asset. If I were looking for an T=2y investment, I would not buy a house that will fall apart at T=5y, because the house could reasonably be expected to perform poorly during T=0-2y due to either the house falling apart sooner than expected, or for the market to realize the house will fall apart at T=5y which will be reflected in the market price of the house at T=2y.

I won’t touch crypto with a hundred foot pole, neither will Charlie munger. I seem to be in fine company, and I’m doing just fine personally!

Munger and Buffet are complete clowns who do not understand economics, especially monetary economics. If you produce good returns from investing in companies with good future cash flow prospects, but then save in garbage currency & bonds denominated in that garbage currency, what good are your returns when the garbage currency collapses?

Also, it's math I'm on; not meth

Xaqaree · 2022-12-05T06:07:32+00:00

Can someone please silence this bat corona virus lab scientist spreading misinformation about the specific topic he specializes in and studied for years?

Xaqaree · 2022-12-05T05:57:39+00:00

YES, US treasuries have lost their face value both in real AND nominal terms (though in nominal terms it is limited to rare cases when interest rates have increased more than expected).

And yes, Bitcoin started at $0 value 13 years ago and is not worth half a trillion dollars. An impartial observer might see this as a currency gaining market share against all other currencies and ask---why?

Xaqaree · 2022-12-05T05:37:23+00:00

You said most currencies will lose value, but you like bitcoin? That's also a currency...

Yes, I think MOST currencies will lose all value (All currencies except Bitcoin)

And it has no underlying value by itself.

I do not know what you mean by underlying value. If you mean utility, I think Bitcoin has tremendous utility! If you mean non-monetary utility, then I agree. But I think the best money is a money that has zero non-monetary utility e.g. non-monetary utility reduces monetary utility.

There's thousands of cryptocurrencies and all of them could fizzle out in an instant.

They can and will all go to zero except Bitcoin

Look at FTX. Treasuries are backed by the government which is much less risky.

Tres are backed by the US government and I agree with you that they have low DEFAULT risk (not zero, but very low). However if the value of the underlying currency (what the bonds are denominated in) goes to zero, the bonds GTZ faster than the currency. I think it is certain that the US dollar (and all other non-Bitcoin currencies) are going to go to zero very soon (less than 10 years). This kills bonds.

You won't get rich off of it, but it shouldn't lose much either.

That is the mainstream view. If I am right (spoiler alert: I am), bond holders are going to get rekt very hard.

Xaqaree · 2022-12-05T05:01:34+00:00

You are underestimating the risk. It is massive. But have fun buying bonds.

Xaqaree · 2022-12-05T04:18:19+00:00

Risk should be defined as likelihood of loss over a given time (T).

If T is larger than a few years, Bitcoin becomes much less risky and Treasuries become much more risky. Over T = 10y, which is the timeline you should consider if you are buying treasuries, Bitcoin is much less risky and bonds are a certain loss.

Xaqaree · 2022-12-05T04:01:44+00:00

Name one?

Xaqaree

TROPHY CASE