banbanbang

5 年前議論

That’s cute. Tesla depends more on credits that they sell than money they “make” on cars. Economically speaking they are not an automaker. They’re reg credit seller and car is just the vehicle (pun intended) to capture rent. I don’t even blame Elon Muks. I blame the gov’t and economists for creating such a stupid ineffective system in the first place.

banbanbang

5 年前議論

If you think this is bad wait till you find out how much of current equity market is leveraged on top of crypto. The contagion will be massive and nothing like we ever experienced. That makes it even more dangerous because the Fed and CBs will not be able to do anything about it in coming weeks and months.

banbanbang

5 年前議論

It is far worse than this. The complex is leverage on top of leverage. They’re pledging btc/eth as collateral to buy other cryptos. And in tether’s case it’s quite literally a circlejerk. Shitcoins exist to feed btc and btc exists to feed shitcoins.

You can’t make this up. The greatest ponzi in human history.

banbanbang

5 年前議論

[dead]

banbanbang

5 年前議論

Find it comical that Wall Street and Fed are keeping gold muted while everything else has gone parabolic. Tells you where their priorities are in this cycle.

banbanbang

5 年前議論

That’s not true and disinformation being pushed by the real culprits of the chip shortage: crypto miners. It’s pathetic.

banbanbang

5 年前議論

People have leveraged into crypto. Some funds as high as 10-20x. Then came 2021. They took their leveraged crypto holdings and leveraged into meme stocks.

It doesn’t take an idiot to figure out how that’s going to end. Jerome Powell is a massive idiot.

Everyone at Fed thinks this is their Great Depression moment. And every single scholar to date has essentially said the G.D. could have been avoided if the gov’t drowned it out with liquidity. And this is exactly what they’re doing right now.

Imagine being taught this for decades. Literal monetary economist echo chamber. Do you think you will ever change your mind mid way through? No. They will go down with it.

Then came Joe Biden. He thinks he’s going to be FDR.

COVID is nothing even remotely close to the Great Depression. Not even the Financial Crisis. Yet the central banks around the world are making this into one because that’s all they know from their academic obsession with depressions.

banbanbang

5 年前議論

[dead]

banbanbang

5 年前議論

I absolutely disagree. Most people are driven and seek creative outlets. This is evident when you observe children. We have to evolve away from a production-based economy to one that is knowledge-based.

banbanbang

5 年前議論

They have to raise due to inflation regardless. A lot of people didn’t even receive COLA for the past couple of years.

banbanbang

5 年前議論

Stock is overvalued for what it is still trading at +100x. It was a pandemic stock and people are dumping it in favor of reopen stocks. At some point those trainers will figure out they can just put their lessons on youtube or set up Patreon and make seven figures easy.

banbanbang

5 年前議論

because they need to charge 100% premium for their shareholders.

banbanbang

5 年前議論

No. Costco is the best option. You can also return for a full refund.

banbanbang

5 年前議論

It ran up because people are betting that he promotes it on SNL. It’s going to sell off on Sunday.

banbanbang

5 年前議論

Share repos afforded by low interest rates really helped big tech and other profitable enterprises. It allowed them to make acquisitions and retain talent.

banbanbang

5 年前議論

I find it comical that everyone is trying to fit a square block into a triangle hole in order to appease crypto people just so they can get rich off of it. It’s pathetic.

banbanbang

5 年前議論

Wow. I was just replying to the thread. You don’t need to be an a$$hole.

banbanbang

5 年前議論

I think we are in a transition period where a new underlying economic system will be underwritten (and with it our politics system). We simply cannot continue this way.

banbanbang

5 年前議論

If you look at Google’s (Alphabet’s) margins you will know why. We are allowing these monopoly tech companies to extract value without bare min investments. Google is one of the biggest violators. I think all SV companies are at fault to some degree. Some still operate with “startup” budget for support. I know Paypal does this for example. There’s gotta be a wake up moment where if you are going to be in the consumer facing business you have to invest in minimal support infrastructure or face fines.

banbanbang

5 年前議論

It’s a good point but regulators (ie politicians) are nowhere near up to the tasks. They often leave the legislative details to industry “experts” often tied to big corporations. I frankly think our government is broken and outdated to accommodate the complexities and speed of modern society. It also doesn’t help that politicians refuse to retire and hold onto their seats often until death.

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