Down goes the Dow

Swaglord_the_real_one_1_1 wrote:

Anybody who thinks the election was a fraud, without evidence to back it up, is a goofball.

The evidence is in the numbers.

When is the last time a candidate had a 700,000 plus vote lead in a state and ended up losing it?

agip wrote:

The Unkle wrote:

I know what the official narrative is. I have heard it over and over again in the media.

Not sure why you guys feel I need to hear it again

yeah if I were you I'd go hang out on Louie Gohmert's twitter feed - that's more your style than the New York Times.

I bet you think that reply makes sense.

Are you willing to give up your house to the people you vote for?

You're on a stock board, but you are supporting the great reset. You will own nothing and be happy.

You really believe the video in GA can be explained away? Rudy says it can't.

Let me guess, you're going to post some Borat link to discredit Rudy. Attack the character. Classic misdirection to hide the truth.

Or you'll post some link to some sketchy left wing fact checking website.

Stop gas lighting. We are not fooled. There was massive fraud.

[quote]CISA wrote:

Have you actually read any of those affidavits? My guess is you haven’t and that you’re just toeing the line that you are told to. Let me educate you. Most of those affidavits have been deemed by Trump’s lawyers to be useless and have not been included in any legal proceedings. Of the handful that have seen the inside of a court, many have been dismissed by judges as inadmissible or not credible.

Have you read any of the affidavits?

Why are the lawyers submitting the lawsuits if they believe them useless.

You think judges are on the up and up?

CISA wrote:

Ghost of Igloi wrote:

Clearly something was wrong with this election.

And what would that be? Officials and poll workers from both sides of the aisle and all over the country have called this the most secure U.S. election ever.

Classic. Straight from the mockingbird media playbook. Stop gas lighting. We know it wasn't secure.

Verdict is out until we see Waldron in court. TBD.

Igy is right and you leftists are panicking.

mockingbird leftist wrote:

Or you'll post some link to some sketchy left wing fact checking website.

Stop gas lighting. We are not fooled. There was massive fraud.

Okay, there was massive fraud. Feel better? I thought so.

Now can we all move along to start re-building this fractured nation into one like we used to know, based on unity, fairness, and a common purpose under our new president?

Can we?!

seattle prattle wrote:

Okay, there was massive fraud. Feel better? I thought so.

Now can we all move along to start re-building this fractured nation into one like we used to know, based on unity, fairness, and a common purpose under our new president?

Can we?!

Ok, seattle, you are one of the more reasonable ones. You are one of their most useful tools though.

Unity? The left called anyone who voted for Orange man fascists or racists. AOC wants to make a list.

You know very prominent & decent people endorsed the pres. A famous golfer from Ohio for instance. This guy won the Masters. Wrote a letter endorsing the president.

How can you expect unity when there is clear evidence the election was stolen and the left attacked their opponents so viciously.

Your candidate never denounced left wing terror groups either. Never said it.

I'm hopeful. The nation just had another Santelli moment. No more lockdowns. No more voter fraud. Things are gonna get better. We can not let a stolen election stand.

Not to change the subject....

Being among the sheeple as the case may be these days, I was toying with the idea of nibbling on bitcoin like a couple of other frequenters here.

But considering the tremendous energy needed to mine bitcoin, i am having second thoughts.

Here's a good link i found and seems very current:

https://digiconomist.net/bitcoin-energy-consumption/

some factoids taken from the article;

" For a single transaction, Electrical Energy: 677.66 kWh; Equivalent to the power consumption of an average U.S. household over 23.23 day" and

"For a single transaction, Carbon Footprint 321.89 kgCO2; Equivalent to the carbon footprint of 713,420 VISA transactions or 53,648 hours of watching Youtube."

Not good.

The Unkle wrote:

The evidence is in the numbers.

When is the last time a candidate had a 700,000 plus vote lead in a state and ended up losing it?

When have we had a global pandemic in an election year requiring this level of mail in voting?

You realize the Republican congress in PA made it so that mail in votes couldn’t start being counted until Election Day. It takes awhile to count millions of ballots properly.

Thus after in-person voting (more Democrats mailed in because of virus fears), Trump had more votes.

Once all the peoples’ votes were counted, it was shown that Biden had more people that voted for him compared to trump.

Thus, Biden won PA.

This is not difficult to understand.

seattle prattle wrote:

Not to change the subject....

Being among the sheeple as the case may be these days, I was toying with the idea of nibbling on bitcoin like a couple of other frequenters here.

But considering the tremendous energy needed to mine bitcoin, i am having second thoughts.

Here's a good link i found and seems very current:

https://digiconomist.net/bitcoin-energy-consumption/

some factoids taken from the article;

" For a single transaction, Electrical Energy: 677.66 kWh; Equivalent to the power consumption of an average U.S. household over 23.23 day" and

"For a single transaction, Carbon Footprint 321.89 kgCO2; Equivalent to the carbon footprint of 713,420 VISA transactions or 53,648 hours of watching Youtube."

Not good.

Investing in a fiat currency backed by the confidence of dark web hackers and money launderers. What could go wrong?

You're better off going straight for meme stocks if you just want a casino experience, in my opinion. PLTR, LAZR, GME, plenty of others

The Unkle wrote:

When is the last time a candidate had a 700,000 plus vote lead in a state and ended up losing it?

About a month ago.

Try to keep up wrote:

The Unkle wrote:

When is the last time a candidate had a 700,000 plus vote lead in a state and ended up losing it?

About a month ago.

And it must be dealt with. No justice. No peace.

Index update

Ranked by 1 month returns

Energy (XLE) +37% !!

Small Caps (VB) +15%

Value (VTV) +12%

USA (VTI) +9%

Tech (VGT) +8%

China (CXSE) 0%

Hussman 0%

Rotation continues, with previously lagging sectors now leading and tech + China lagging.

The rankings are similar over 3 months.

Maybe I'll add BTC here on out.

BTC would have slotted in at second place with a monthly return of +22%

These are all massive numbers, obviously. Have to expect a selloff pretty quicklike here. Or maybe the market is pricing in all the 2021 gains right now.

That elec is bought and paid for, same as any other input that goes to creating value. It is not wasted. A certain percentage does go to waste of course, and is rejected as heat—but that just makes the mining less profitable. All thermodynamic processes reject waste heat.

“Value” is a perception. Btc at 20k is no different than tsla at 600, a pe of 1560. Or zm, with pe 525. These are abstractions, describing assignations of meaning.

I “get” btc. Even if its only utility is to be able to trade it for something else in the future, that’s enough. One then guesses what that rate of exchange will be, as one does with any asset. I am seriously thinking of sinking serious money into it, before it solidifies into an institutional concept. If it ever does, I think price movement might end—which might not be a bad thing.

Millennial gold.

Still hovering below ath. I am going to read again what Darvas said about things bouncing off like that, iirc it was a criterion he used to identify a target.

if it uses an inordinate amount of electricity to be produced and mined, i don't want to be responsible for creating more of it. IT sounds like that is indeed the case and i am weighing that heavily in my decision.

For the record, i had a few oil and pipeline stocks back a year ago and dumped them for a similar environmental reason.

I think the initial promise of bitcoin as a global currency has not been realized and probably won't because institutions and companies are finding out how difficult it is to establish it as a payment system. Ease of use just has not come to be on a widespread and ubiquitous level.

Anyway, be careful. The price on that thing can just disappear almost overnight.

Good for you, I applaud that kind of thinking.

Of course I am talking about only measured value, described by price.

However, utilities charge what they charge, with all sorts of social costs often included. For instance in europe I pay an optional premium to purchase green energy.

“Inordinate” is a relative term—it assumes options. How much value, measured in dollars with btc at 20k, does each mining kwh currently produce, relative to other assets that are produced using energy? At 50k? At 100k? And so what is the return, assuming a constant cost per kwh?

Btc could turn out to be very efficient, to be very green, depending on price.

I would put in what I could stomach losing 50% on. High times!

Mas, the study i linked to compares the cost of a Visa transaction, for example, to a Bitcoin transaction, and found that a bitcoin transaction is thousands of times more energy intensive than the Visa transaction. At that rate, economy of scale won't make much of a difference. Actual quote available if you would like.