"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
something something kermit something something
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
I'm pretty sure its a good time to have at least a little bit of your $ in bitcoin and its related stocks. Seems it may be about to run a lot higher.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
I made the decision a while back to always own some btc. Not a lot, just some. Does anyone have similar things they hold that they've decided to hold onto for the long term? Sanlmar recently said something to the effect of assets melting up but also there being a housing crisis to make 2007 look like child's play.
So if housing is headed for crash worse than 2007 then which assets are most likely to melt up?
Originally Posted by country978
What I said was the upcoming debt crisis will make the housing crisis look like child’s play.
Assets got lit by endless quantitative easing following 2007. There will be a similar melt up which seems paradoxical doomer talk. Flood of endless fiat.
I remarked that just as the plebs rose up in anger after 2007 and populism became the fashion - similarly there will be a social consequence to the debt crisis but it will be orders of magnitude uglier and more consequential.
The desire to tax asset gains is already brewing. This is a consequence that is here now. It’s just rhetoric but it plays to the crowd. Accept it as a data point in my thesis. We are instructed to own gold and take possession outside the US to guard against the asset tax.
Always own land. It’s a generational thing. It has been true as long as man has walked on two legs. Covid was a generational opportunity. I was listening to my kid process the fact that she can’t move. The Zappos graduate has no sense of history but she can process the value of a 2% mortgage as a work from home kid. She desperately misses family and New England. She has been working here with us this past week. Lotta real estate talk between her and my wife who also wants to try something new. You really can’t. Not until some black swan that will no doubt come.
Companies that build weapons has been an American thing for our generation
Bitcoin is an asset too. Trump likes stable coins? Is that a response to CBDC’s? He’s all talk and I have not bothered. Larry Fink will tell Trump what he can do. Just as Goldman’s Manuchin did. Harris vs Trump is a CBDC vote
Last edited by Sanlmar; 10-04-2024 at 02:57 PM.
Thank you for the clarification. I hate always hoping that somehow you could be wrong.
What I said was the upcoming debt crisis will make the housing crisis look like child’s play.
Assets got lit by endless quantitative easing following 2007. There will be a similar melt up which seems paradoxical doomer talk. Flood of endless fiat.
I remarked that just as the plebs rose up in anger after 2007 and populism became the fashion - similarly there will be a social consequence to the debt crisis but it will be orders of magnitude uglier and more consequential.
The desire to tax asset gains is already brewing. This is a consequence that is here now. It’s just rhetoric but it plays to the crowd. Accept it as a data point in my thesis. We are instructed to own gold and take possession outside the US to guard against the asset tax.
Always own land. It’s a generational thing. It has been true as long as man has walked on two legs. Covid was a generational opportunity. I was listening to my kid honbought then process the fact that she can’t move. The Zappos graduate has no sense of history but she can process the value of a 2% mortgage as a work from home kid. She desperately misses family and New England. She has been working here with us this past week. Lotta real estate talk between her and my wife who also wants to try something new. You really can’t. Not until some black swan that will no doubt come.
Companies that build weapons has been an American thing for our generation
Bitcoin is an asset too. Trump likes stable coins? Is that a response to CBDC’s? He’s all talk and I have t bothered. Harris vs Trump is a CBDC vote
Study up on Modern Monetary Theory. Watch some videos. This is your only out if you are hoping I’m wrong.
I think Daly is a MMT fan despite being a Bitcoiner. Always wondered how he managed that. That will likely result in a brain injury. I think this is what happened to Brett Favre.
Kidding aside, I wish you continued good health.
Well, I don't always hope you're wrong. You know bad things are coming and I do too. In that sense I just hope we're both wrong.Study up on Modern Monetary Theory. Watch some videos. This is your only out if you are hoping I’m wrong.
I think Daly is a MMT fan despite being a Bitcoiner. Always wondered how he managed that. That will likely result in a brain injury. I think this is what happened to Brett Favre.
Kidding aside, I wish you continued good health.
Thank you for wishing me good health. I wish the same for you and those you love. I've been doing pretty good since late '21. I don't expect to see 100 but for the time being I've not a complaint.
Study up on Modern Monetary Theory. Watch some videos. This is your only out if you are hoping I’m wrong.
I think Daly is a MMT fan despite being a Bitcoiner. Always wondered how he managed that. That will likely result in a brain injury. I think this is what happened to Brett Favre.
Kidding aside, I wish you continued good health.
Im not “a fan” but i acknowledge MMt existence.
2008 was the most important moment of our collective financial lives. We either went the MMT way and printed our way out or we let the whole thing crash and burn and reset it all.
We would have been much much much better off today if we let the whole thing crash and burn. I dont think thats a statement that can even be argued. Who is to say what a gallon of gas would cost or what our debit figure would be or even how it would have impacted brexit and other important events.
But…….. the years following 2008 if we said fuck it let them burn Would have put Oct of 29 to shame
New ATH today or tomorrow?
Also, tellafriend, are you in the profit taking mode on cava? Its up over 50% since you recommended.
taking profits today, i would think there is a good dip over the next 5 days as the sell offs are also taking profits, US economy is all lies and pumped up by printing money,
took a lot of profits on gold today too , btc and gold seem to correlate, been stair stepping my positions... first in and first out... it's kinda fun...
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
https://www.thegamer.com/mrbeast-inv...sider-trading/
Always thought there was something shady about Mr. Beast
Dude ruined a great thing. There's only so many scandals he can fade before people are tired of him.
He had a massive social meida & YouTube empire at a very young age. He even was getting good press because of all of his random, self-directed philanthropic efforts.
Why risk fucking this up by messing with shitcoins and stamping your name on lousy products?
He should have had advisers just telling him to stay the course, and to pass up on anything out of his control which could come back on him.
The only thing not really his fault is his co-host/friend who first became trans, and then turned out to be a pedo. That was a really tough spot. He can't just fire the dude because he decides he's a woman. That would look awful to his young audience. So he was forced to be supportive, and then it turned out that, surprise surprise, the friend's trans thing was just a symptom of a greater issue.
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