Down goes the Dow

It’s me, Maserati. For some reason my registered handle is getting blocked as spam. I mnow you guys think I write a lot of carp, but geez?

Anyway, first agip. Huge rotation from gold to btc, I did it last year. It is all about an asset that resists fiat control. Gold is rubbish, it is a central bank tier 1 asset that is manipulated by those banks, and cronies in London. I hold only enough fizz to melt into a nice bangle for my wife, which was my plan. I am going to design it myself, using either Etruscan or Inuit script motifs.?

I digress. I have increased my btc and am ip around 75%. It is tsla only better. It will continue to rise dramatically, no matter what the technical hacks are saying—just like tsla.

Inflation—it has been happening, hugely: asset price inflation. Assets are no longer about productive capacity, they are mere stores of wealth. Lots of people have lots of money that don’t know what to do with. One asset is traded for another—cash for gold, gold for btc, btc for land, land for tsla/FANGMAN, tsla for art, etc.

The only expense that has kept pace with asset inflation is US medical care. And assets are traded for it.

Except in the poorest parts of the world, people have necessities taken care of. We don’t need, ecologically, to increase discretionary consumerism and consumption. It is all a growth chimera. It is time we started protecting assets and not wasting/diminishing them—and that goes for people’s savings, homes, fresh water, oil in the ground, forests, art, etc. Fiat is the biggest joke, it is the very best symbol of rapacious decay. France had a revolution over it. So did Rome. The Nazis arose with its help. It is the poster child for the archaic and destructive growth narrative.

Get this in your head Igy: it is about wealth preservation. None of your comments matter. If you want to be productive, sell your holdings and open an actual business, and offer goods or services. The gains have all been wealth preservation assets—housing, btc, FANGMAN, even gold until this year. It is all just offsetting fiat debasement and tax increases, both forms of waste. Yes I consider medical services/insurance a form of taxation, it is so heavily controlled.

So tsla goes up 7x, so what—over the next 10 years you will see taxes and debasement go up that much too. 4x of that is just making up for the past 10 year’s increases and debasements. My prop tax has tripled. Medical insurance? You know.

So we are left with 3x-4x real gain in tsla, and that is pre-tax...and that is now, before CG rates are set to rise. Btc goes up 10x? Big deal. It, btc, and a few others like certain RE are the only things merely treading water, so far. Everything else is sinking. Look at yourself—the best thing for you over the past few years has undoubtedly been your house. You are in the system.

Since the new year I have been, in tradable assets, all btc and tsla, along with some trbcx in a retirement account. If I could buy gbtc in that account, I would. Yes I still have cash but I increasingly wonder why I bother.

On this mixed day, so far tsla up 7.7%, btc up around 4%. trbcx will be lucky to finish flat.

I told you about this. I told you about tsla long ago, when I had the futures, and said it would still rise. I told you about it when I bought and sold stock, and told you it would still rise. And I am telling you now, having bought more, that it will still rise. 1k easily. EASILY.

I am also telling you that btc has no effective ceiling. It will be held, and will thereby preserve its value. No real investors want to let go of it, nor will they even during volatility. I am one of them. I don’t give a flying F if it drops 60% tomorrow, it is the right thing to do. It is worldwide, and it is a big world.

All the objections are nonsense—they are all true, to an even greater extent, about equities, bonds, cash, etc. Whales, spotty exchanges, fraud, manipulation, etc.

Btc, land, tsla etc, electrification, maybe copper and silver, quality RE, art, maybe SPAC’s, even some other collectibles now. The rest is sinking. My antiquities are off the chart, and they aren’t even heroic pieces.

One last thing: AFRICA and Caribbean. At least in Africa anything goes, not like here, where only the favored get to play. We are being eclipsed, even by...Iran. Just watch. The so-called “Third World” is loading up on btc, and it will increase. Switzerland? They have made their bet on aapl and others.

One last time: this is a new era. Just like when real computing met the markets and etf’s, or the industrial revolution. It is the beginning of a new mentality. Good thing you’re in your 70’s Igy, you don’t seem able to change.

The coming “solutions” are not a panacea, they are just different. Human dynamics will take over and fvck it all up, as always—but right now is a flowering.

Enjoy it, until “the man” inevitably comes calling.

It isn’t so much about pricing for future growth, it is about pricing for future devaluation of other things.

That is a big difference. There are still fundamentals, but they are no longer your grandfather’s fundamentals.

test post wrote:

It’s me, Maserati. For some reason my registered handle is getting blocked as spam. I mnow you guys think I write a lot of carp, but geez?

The mods must have you confused with GOI.

humiliation drives unrest.

If trumpists feel humiliated they will lash out to prove their agency and manhood.

Biden understands this and will try not to humiliate them.

agip wrote:

humiliation drives unrest.

If trumpists feel humiliated they will lash out to prove their agency and manhood.

Anyone who has read this thread in recent days would certainly agree.

Everyone in the US has their basic needs met.

Unrest is young kids with nothing else to do.

The capitol invaders were a bunch of morons. They had no plan other than a bunch of selfies. They are not a concept, not a threat to anyone except maybe themselves.

The lefts are equal morons—they destroy private property, and re-elect...Biden, Pelosi, etc.

You will see upheaval in the dems, as the young realize they are being played, and fight back. It will happen during this admin. Biden/Harris is just a plan for a semi-orderly transfer of power.

The young will always like the thrill of the crowd, the excitement of thinking they have a voice.

test post wrote:

Everyone in the US has their basic needs met.

Unrest is young kids with nothing else to do.

The capitol invaders were a bunch of morons. They had no plan other than a bunch of selfies. They are not a concept, not a threat to anyone except maybe themselves.

The lefts are equal morons—they destroy private property, and re-elect...Biden, Pelosi, etc.

You will see upheaval in the dems, as the young realize they are being played, and fight back. It will happen during this admin. Biden/Harris is just a plan for a semi-orderly transfer of power.

The young will always like the thrill of the crowd, the excitement of thinking they have a voice.

okay, i read your whole thing. And one thing i take issue with is the 'everyone in the US has their needs met.' That's a tough epitaph to swallow as a vast swatch of society is getting hit hard with the pandemic fueled blight.

I think you are devaluing the lower classes as simply not much of an effective political force which yields any power presently and you therefore are failing to consider their position in any meaningful way. I think that is a grave oversight.

Second, you say that the Trump base are just morons and want attention only. No. What you are failing to see is that they want exactly what it is that the rest of society wants in your paradigm which you laid out. But instead of caring about trying to preserve fiat preservation (like the rest of society), they simply want to preserve their significance, power, and relevance in the new order. And that new order has seen their fortunes dwindle for the last three decades. Now they have a champion who claims to get it back for them. What they are trying to do is the same as the everyone else, just more with a focus on social significance rather than monetarily or in terms of assets.

Other than that, waiting for btc to dip a little more in order to nibble on a little more, and hoping today ends in the green though i am starting to wonder....

Earnings Scorecard: For Q4 2020 (with 18 of the companies in the S&P 500 reporting actual results), 18 S&P 500 companies have reported a positive EPS surprise and 17 have reported a positive revenue surprise.

Johannes wrote:

test post wrote:

It’s me, Maserati. For some reason my registered handle is getting blocked as spam. I mnow you guys think I write a lot of carp, but geez?

The mods must have you confused with GOI.

I have never been banned.

humiliation drives unrest.

If trumpists feel humiliated they will lash out to prove their agency and manhood.

Biden understands this and will try not to humiliate them.[/quote

I suppose the riots over the summer were people proving their agency and manhood.

Oh, Biden understands. Well then, he better have a sit down with Pelosi.

“And one thing i take issue with is the 'everyone in the US has their needs met.'”

My barber charges $15 for a haircut. Gone to her for over a decade, and it has never been this bad. She had 12 customers last week, in 10 this week. Her son a bartender with two children has had his hours cut and he is back on unemployment.

I don’t no what to say. Makes no sense to me, seriously.

^know

Ghost of Igloi wrote:

Johannes wrote:

The mods must have you confused with GOI.

I have never been banned.

?

Hi Seattle I said “their basic needs”—ie food, clean water, lodging, etc. Exceptions are some in certain places have no security. Also those who are old and alone, that is a problem, especially if also sick. Even those in shelters have basic needs met. I volunteer at one.

“Everyone” means effectively everyone. Mind, I am talking about the most basic of needs. Not sure why this seems to have been the main takeaway.

I never gloss over “the poorer classes”. My parents were refugees from a real war, half their families died, they lived in a bunker for years, they scavenged off dead bodies. We had very little growing up, relying much on child subsidy and tax policy.

During my first undergrad, I was at a military college. In my second, I lived outside for an entire year, in a tent. All winter. All through my grad, my wife and I lived in a converted school bus. Never had any bad vices.

Don’t talk to me about shiitting in a bag, and doing your few dishes while you shower.

Also, I said nothing about “the Trump base”, I spoke of only “the capitol invaders”. Yes the dems are now the party of money, no doubt about it.

Monday I will be further increasing btc position.

Ghost of Igloi wrote:

“And one thing i take issue with is the 'everyone in the US has their needs met.'”

My barber charges $15 for a haircut. Gone to her for over a decade, and it has never been this bad. She had 12 customers last week, in 10 this week. Her son a bartender with two children has had his hours cut and he is back on unemployment.

Says pretty much nothing about their basic situation.

The gov takes away business, and then gives welfare for doing nothing, thereby creating dependency. Modus operandi.

tsla finishes the day up 7.84%

test post wrote:

Monday I will be further increasing btc position.

What allocation are you at? I'm now at about 22%... want to throw a bit more in, but maybe I should just let it ride as is.

See the BTC taking over gold argument is not bad... that means there's gonna be at least double the market cap of BTC in the near future.

Swaglord_the_real_one_1_one_1 wrote:

test post wrote:

Monday I will be further increasing btc position.

What allocation are you at? I'm now at about 22%... want to throw a bit more in, but maybe I should just let it ride as is.

See the BTC taking over gold argument is not bad... that means there's gonna be at least double the market cap of BTC in the near future.

I thought the whole point of gold was that you have something physical with value. It doesn't get any more fiat than btc