Joe's little speech 3/11/21

Casey Jones wrote:HOW will they cover their asses?  They make nothing.  Once the unit of exchange is destroyed, we have no need for their money or their experience as money-changers and hustlers.

I'm not saying they won't revert to thievery or pandering, but life won't be so wonderful for them, either.  Aside from non-monetary goods that they own - not control (like real estate) but actually hold in their possession (gold, etc) they'll have little wealth coming out of this.

They are committing economic suicide.  They have so much to lose, and what they think they might gain, is not significant enough to be worth even the risk, much less the certainty.

""HOW will they cover their asses?  They make nothing. ""

As I said, they can sell short on US dollar CFD.s and when the dollar drops they cream it and they will be able to leverage their invest dollars to maximize their return

I paid 307.9 for gas today.

Calypso Jones wrote:I paid 307.9 for gas today.

I paid $3.12 for 2 links of boudin. Gas soon.

vege57 wrote:

Casey Jones wrote:HOW will they cover their asses?  They make nothing.  Once the unit of exchange is destroyed, we have no need for their money or their experience as money-changers and hustlers.

I'm not saying they won't revert to thievery or pandering, but life won't be so wonderful for them, either.  Aside from non-monetary goods that they own - not control (like real estate) but actually hold in their possession (gold, etc) they'll have little wealth coming out of this.

They are committing economic suicide.  They have so much to lose, and what they think they might gain, is not significant enough to be worth even the risk, much less the certainty.

""HOW will they cover their asses?  They make nothing. ""

As I said, they can sell short on US dollar CFD.s and when the dollar drops they cream it and they will be able to leverage their invest dollars to maximize their return

That won't work when the dollar is worth nothing.

Any more than you can sell the Venezuelan bolivar short.

Look, at this point it's all speculation. So far as I, or anyone I know or read, knows...humanity has NEVER been in this sort of insane worldwide sovereign debt before.

HawkTheSlayer wrote:

Calypso Jones wrote:I paid 307.9 for gas today.

I paid $3.12  for 2 links of boudin. Gas soon.

Louziana on high alert.

Calypso Jones wrote:I paid 307.9 for gas today.

A gallon ?

In NZ we are paying $8 NZ a gallon

Calypso Jones wrote:

HawkTheSlayer wrote:

Calypso Jones wrote:I paid 307.9 for gas today.

I paid $3.12  for 2 links of boudin. Gas soon.

Louziana on high alert.

For what, A rise in the price of gas ? lol

Casey Jones wrote:

vege57 wrote:

Casey Jones wrote:HOW will they cover their asses?  They make nothing.  Once the unit of exchange is destroyed, we have no need for their money or their experience as money-changers and hustlers.

I'm not saying they won't revert to thievery or pandering, but life won't be so wonderful for them, either.  Aside from non-monetary goods that they own - not control (like real estate) but actually hold in their possession (gold, etc) they'll have little wealth coming out of this.

They are committing economic suicide.  They have so much to lose, and what they think they might gain, is not significant enough to be worth even the risk, much less the certainty.

""HOW will they cover their asses?  They make nothing. ""

As I said, they can sell short on US dollar CFD.s and when the dollar drops they cream it and they will be able to leverage their invest dollars to maximize their return

That won't work when the dollar is worth nothing.

Any more than you can sell the Venezuelan bolivar short.

Look, at this point it's all speculation.  So far as I, or anyone I know or read, knows...humanity has NEVER been in this sort of insane worldwide sovereign debt before.

Casey it will work because that's the way international markets function, These guy make money when it goes up, and when it goes down , You just need to have enough information to understand the underlying conditions , you need to look no further than American company "GameStop", to see how the big hedge funds operate,

I'm unconvinced. There have been violent corrections or currency collapses in the past; and few get out unscathed. The Mexican economy was growing in the 1980s; and then, with government borrowing and debasing the peso, spending on their government oil corporation, PEMEX...the oil prices worldwide, collapsed.

The peso crashed in value and they had only partially recovered when the drug cartels started wreaking havoc.

With a currency collapse or economic chaos, the only people who win are the false-populist politicians. Usually they're some variation of the Communist or Fascist school - it was how Adolf Hitler came in; and also Mussolini. Also how Huey Long, Governor of Louisiana, was a favorite to become President - would have beaten Roosevelt in primaries. The siren-song of Free Shit is hard to resist when the economy is in tatters.

Financiers and moneychangers have only risen out of good times. Seems to be true in all eras.

Casey Jones wrote:I'm unconvinced.  There have been violent corrections or currency collapses in the past; and few get out unscathed.  The Mexican economy was growing in the 1980s; and then, with government borrowing and debasing the peso, spending on their government oil corporation, PEMEX...the oil prices worldwide, collapsed.

The peso crashed in value and they had only partially recovered when the drug cartels started wreaking havoc.

With a currency collapse or economic chaos, the only people who win are the false-populist politicians.  Usually they're some variation of the Communist or Fascist school - it was how Adolf Hitler came in; and also Mussolini.  Also how Huey Long, Governor of Louisiana, was a favorite to become President - would have beaten Roosevelt in primaries.  The siren-song of Free Shit is hard to resist when the economy is in tatters.

Financiers and moneychangers have only risen out of good times.  Seems to be true in all eras.

Mum and dad investors are usual the ones that get burned, when was the last time you saw Warren Buffett lining up at a soup kitchen , and he's been through plenty of crashes, and wealthier now than he's ever been

His net worth cracked 100 billion for the first time


Covid isn't holding this boy back,