If you have been invested in just the NASDAQ for the last three years, you have made 101% | |
BRIEF
(OP) User ID: 79662918 United States 01/01/2022 03:04 PM Report Abusive Post Report Copyright Violation | probably the stock market would be a lot more realistic and fairer if we'd have the gold standard Quoting: Anonymous Coward 81585779 now it's inflated with the stock buy backs, cheap money from the banks and low interest rates the crash will be epic Basing it on gold makes it scarce, but basing it on assets including gold is essentially what we are doing...And the Fed is the referee of sorts...the mediator of disasters such as the dip of '29...Yes it was a dip because look where it is now lol Last Edited by BRIEF on 01/01/2022 03:05 PM I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
Anonymous Coward User ID: 79839794 United States 01/01/2022 03:05 PM Report Abusive Post Report Copyright Violation | A five year old can understand. Quoting: BRIEF Try taking monopoly money to the store to purchase items, you retarded mother fucker. If a five yr old gets it, then why the FUCK don't you you stupid rockhead motherfucker? It don't MATTER if you can buy stuff with it, that's not what gives shit value you stupid asshole! Value doesn't come from what you can do with something but from WHAT THAT something is and what went into making it. Learn how to think before typing you retard motherfucker There's a lot of stuff you can do with A ROCK. You can hammer stuff, keep doors and stuff open, even use it as a paper weight. IT DOESN'T MAKE A DIFFERENCE its still worth ZERO because rocks are a dime a dozen dipshit! A HAMMER tho has worth because of WHAT IT IS and what went into MAKING IT. Learn economics before you respond again you fuckin' dumbass! |
Anonymous Coward User ID: 81585779 United States 01/01/2022 03:05 PM Report Abusive Post Report Copyright Violation | Fiat money is a government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it. Quoting: Anonymous Coward 81585779 You learned a new word and you just gotta use it... Our money is based on credit that is backed by quadrillions in assets... let me get you, you're saying that USA's money is based on this credit of 270 trillion dollars?! The financial position of the United States includes assets of at least $269.6 trillion (1576% of GDP) and debts of $145.8 trillion (852% of GDP) to produce a net worth of at least $123.8 trillion (723% of GDP) as of Q1 2014. Total U.S. assets amount to about $225 trillion. The Z.1 report does not disclose tangible holdings (such as real estate) owned by the financial sector, state and local governments, federal government and foreigners. In fact, foreign ownership of U. S. assets has exploded. |
Anonymous Coward User ID: 79839794 United States 01/01/2022 03:06 PM Report Abusive Post Report Copyright Violation | Fiat money is a government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it. Quoting: Anonymous Coward 81585779 Fiat money is a currency that is backed by nothing except the faith and credit of the government issuing it. Basically every usable currency around the world today is a fiat currency. The U.S. dollar has been fiat since 1971. Doing business with fiat money is just a fact of life. But Brief is too much of a fucking idiot to even consider this. Man, the nerve of that asshole to pretend like he's some financial guru and he's basically SCAMMING people with WORTHlESS "assets". FUCK OFF DUDE, YOU'RE A SHIT STAIN! |
BRIEF
(OP) User ID: 79662918 United States 01/01/2022 03:07 PM Report Abusive Post Report Copyright Violation | Fiat money is a government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it. Quoting: Anonymous Coward 81585779 You learned a new word and you just gotta use it... Our money is based on credit that is backed by quadrillions in assets... let me get you, you're saying that USA's money is based on this credit of 270 trillion dollars?! The financial position of the United States includes assets of at least $269.6 trillion (1576% of GDP) and debts of $145.8 trillion (852% of GDP) to produce a net worth of at least $123.8 trillion (723% of GDP) as of Q1 2014. No, I did not say that at all. Please go back an reread and try to comprehend. You must add all assets together to achieve the quadrillion...No single asset is worth that much, collectively the are. Understand? I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
BRIEF
(OP) User ID: 79662918 United States 01/01/2022 03:09 PM Report Abusive Post Report Copyright Violation | A five year old can understand. Quoting: BRIEF Try taking monopoly money to the store to purchase items, you retarded mother fucker. If a five yr old gets it, then why the FUCK don't you you stupid rockhead motherfucker? It don't MATTER if you can buy stuff with it, that's not what gives shit value you stupid asshole! Value doesn't come from what you can do with something but from WHAT THAT something is and what went into making it. Learn how to think before typing you retard motherfucker There's a lot of stuff you can do with A ROCK. You can hammer stuff, keep doors and stuff open, even use it as a paper weight. IT DOESN'T MAKE A DIFFERENCE its still worth ZERO because rocks are a dime a dozen dipshit! A HAMMER tho has worth because of WHAT IT IS and what went into MAKING IT. Learn economics before you respond again you fuckin' dumbass! Yes, the purchasing power of the dollar is the fucking value of it you 75 IQ moron... I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
BRIEF
(OP) User ID: 79662918 United States 01/01/2022 03:11 PM Report Abusive Post Report Copyright Violation | Fiat money is a government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it. Quoting: Anonymous Coward 81585779 Fiat money is a currency that is backed by nothing except the faith and credit of the government issuing it. Basically every usable currency around the world today is a fiat currency. The U.S. dollar has been fiat since 1971. Doing business with fiat money is just a fact of life. But Brief is too much of a fucking idiot to even consider this. Man, the nerve of that asshole to pretend like he's some financial guru and he's basically SCAMMING people with WORTHlESS "assets". FUCK OFF DUDE, YOU'RE A SHIT STAIN! We bought Alaska, why can't we sell it too? What would we sell it for? What is it worth? I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
Anonymous Coward User ID: 64762842 United Kingdom 01/01/2022 03:13 PM Report Abusive Post Report Copyright Violation | |
Vafþrúðnir
User ID: 81704688 United States 01/01/2022 03:14 PM Report Abusive Post Report Copyright Violation | So, if I understand you correctly, your defense for the current Infinite Debt to Infinity monetary policy is that, in your opinion, there are viable tangible resources and assets ... somewhere out there ... somewhere ... that all currently printed debt and debt based 'assets' are based on? Quoting: Vafþrúðnir And these as yet 'invisible' resources will last into infinity? And this is all a 'fact'? Can we see these 'facts'? I'm not sure you fully grasp what 'education' means, but The Simple Math doesn't care whether you understand it or not. So let me save some time, take this from a genius, America has quadrillions of dollars of assets... At least you're somewhat intelligent enough to slowly back away from the idiotic concept of 'infinite' resources, so that's progress at the sub-genius level anyway. BTW, MMT (the current FED monetary policy theory that this ENTIRE 'market' bull run has been based on) isn't based on any tangible assets at all. Are you familiar with the term 'Rehypothecation'? Soon, you (and everyone one else still livng) will learn what happens when 'Infinite Debt to Infinity' tries to rehypothecate itself into infinity using MMT theory. Probably a wise idea to educate yourself on the 'facts' now so you can properly pass them on to your progeny before they ask you how come you never saw the 'obvious' coming. You are the one that said infinite anything, because you do not understand entropy...You are another idiot. Rehypothecation, yes I addressed that, they can have New Jersey...Do you read what I write? Your frustration is only compounded by your inability to rationally and honestly hang with the natural and mathematically sound concepts I'm presenting against the underlying reason for the latest 'market' bull run - even at a mediocre 'sub-genius' level. We're not even in complete disagreement here on the basic concepts of classical LT ROI The entire game has changed and the classical concept that, over time, 'market assets' will only forever appreciate in value, only work in historically 'brief' windows of temporal opportunity. Whether or not you choose to understand it, we're at the end of that window now. Again, don't let your overblown imaginings of your own intelligence hurt your legacy with your progeny because you were too stubborn to continue to learn. |
BRIEF
(OP) User ID: 79662918 United States 01/01/2022 03:14 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 79839794 United States 01/01/2022 03:14 PM Report Abusive Post Report Copyright Violation | A five year old can understand. Quoting: BRIEF Try taking monopoly money to the store to purchase items, you retarded mother fucker. If a five yr old gets it, then why the FUCK don't you you stupid rockhead motherfucker? It don't MATTER if you can buy stuff with it, that's not what gives shit value you stupid asshole! Value doesn't come from what you can do with something but from WHAT THAT something is and what went into making it. Learn how to think before typing you retard motherfucker There's a lot of stuff you can do with A ROCK. You can hammer stuff, keep doors and stuff open, even use it as a paper weight. IT DOESN'T MAKE A DIFFERENCE its still worth ZERO because rocks are a dime a dozen dipshit! A HAMMER tho has worth because of WHAT IT IS and what went into MAKING IT. Learn economics before you respond again you fuckin' dumbass! Yes, the purchasing power of the dollar is the fucking value of it you 75 IQ moron... That's not value you fucking idiot! |
BRIEF
(OP) User ID: 79662918 United States 01/01/2022 03:16 PM Report Abusive Post Report Copyright Violation | ... Quoting: BRIEF So let me save some time, take this from a genius, America has quadrillions of dollars of assets... At least you're somewhat intelligent enough to slowly back away from the idiotic concept of 'infinite' resources, so that's progress at the sub-genius level anyway. BTW, MMT (the current FED monetary policy theory that this ENTIRE 'market' bull run has been based on) isn't based on any tangible assets at all. Are you familiar with the term 'Rehypothecation'? Soon, you (and everyone one else still livng) will learn what happens when 'Infinite Debt to Infinity' tries to rehypothecate itself into infinity using MMT theory. Probably a wise idea to educate yourself on the 'facts' now so you can properly pass them on to your progeny before they ask you how come you never saw the 'obvious' coming. You are the one that said infinite anything, because you do not understand entropy...You are another idiot. Rehypothecation, yes I addressed that, they can have New Jersey...Do you read what I write? Your frustration is only compounded by your inability to rationally and honestly hang with the natural and mathematically sound concepts I'm presenting against the underlying reason for the latest 'market' bull run - even at a mediocre 'sub-genius' level. We're not even in complete disagreement here on the basic concepts of classical LT ROI The entire game has changed and the classical concept that, over time, 'market assets' will only forever appreciate in value, only work in historically 'brief' windows of temporal opportunity. Whether or not you choose to understand it, we're at the end of that window now. Again, don't let your overblown imaginings of your own intelligence hurt your legacy with your progeny because you were too stubborn to continue to learn. We are beginning a new year...I have over 30 years experience in investing, I'm 47...So stick around son and I show you in real time...It doesn't have to be every day, but be here often and we will watch together... I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
Anonymous Coward User ID: 79839794 United States 01/01/2022 03:16 PM Report Abusive Post Report Copyright Violation | Fiat money is a government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it. Quoting: Anonymous Coward 81585779 Fiat money is a currency that is backed by nothing except the faith and credit of the government issuing it. Basically every usable currency around the world today is a fiat currency. The U.S. dollar has been fiat since 1971. Doing business with fiat money is just a fact of life. But Brief is too much of a fucking idiot to even consider this. Man, the nerve of that asshole to pretend like he's some financial guru and he's basically SCAMMING people with WORTHlESS "assets". FUCK OFF DUDE, YOU'RE A SHIT STAIN! We bought Alaska, why can't we sell it too? What would we sell it for? What is it worth? That happened before the USD became a fiat currency. In fact, that happened before the USD existed! Before 1913 there was no "singular currency" each bank issued its own notes BACKED BY GOLD! History and apparently finance are NOT your strong suits it seems... |
Anonymous Coward User ID: 77098490 United States 01/01/2022 03:16 PM Report Abusive Post Report Copyright Violation | I guess some people are not interested in building wealth, but rather bitch about the dollar, fiat, monopoly money. Yes, it's backed by nothing, but the world uses the dollar. The people here crying about how the dollar is worthless are the same damn people using the dollars to buy shit. If dollars are worthless, take your cash and burn it up. You won't. Sure, it would be nice if our money was actually backed by gold, but it's not, and everyone is playing the same game in the same system. My intention is to acquire as many of these fake dollars as possible, because dollars buy shit. The dollar is being actively devalued, which is why it's even more important to make sure you invest your money, because wages aren't gonna cut it anymore. Full scale automation and robotics is also coming, and I want to complete avoid that debacle where millions will lose their jobs. And for the Peter Schiffs on this thread, feel free to take your investment money and buy gold silver, and real estate, you know, real assets, but you still need cash, dollars. I also have a feeling that the fiat-tards here are not wealthy people. They have a poor man's mindset, and most likely paycheck-to-paycheck wage cucks. |
BRIEF
(OP) User ID: 79662918 United States 01/01/2022 03:19 PM Report Abusive Post Report Copyright Violation | A five year old can understand. Quoting: BRIEF Try taking monopoly money to the store to purchase items, you retarded mother fucker. If a five yr old gets it, then why the FUCK don't you you stupid rockhead motherfucker? It don't MATTER if you can buy stuff with it, that's not what gives shit value you stupid asshole! Value doesn't come from what you can do with something but from WHAT THAT something is and what went into making it. Learn how to think before typing you retard motherfucker There's a lot of stuff you can do with A ROCK. You can hammer stuff, keep doors and stuff open, even use it as a paper weight. IT DOESN'T MAKE A DIFFERENCE its still worth ZERO because rocks are a dime a dozen dipshit! A HAMMER tho has worth because of WHAT IT IS and what went into MAKING IT. Learn economics before you respond again you fuckin' dumbass! Yes, the purchasing power of the dollar is the fucking value of it you 75 IQ moron... That's not value you fucking idiot! That's the very definition of value. A gallon of milk is worth $2.00 and that is the purchasing power of a dollar divided...Therefore the two dollars are required to equal the value of one gallon of milk. The purchasing power of the dollar determines its worth. I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
Vafþrúðnir
User ID: 81704688 United States 01/01/2022 03:20 PM Report Abusive Post Report Copyright Violation | I also have a feeling that the fiat-tards here are not wealthy people. They have a poor man's mindset, and most likely paycheck-to-paycheck wage cucks. Quoting: Anonymous Coward 77098490 I'll let you in on an timeless and well supported adage. Anyone who feels they have to openly talk about how 'wealthy and successful' they are, have neither. ;) Last Edited by Vafþrúðnir on 01/01/2022 03:22 PM |
BRIEF
(OP) User ID: 79662918 United States 01/01/2022 03:21 PM Report Abusive Post Report Copyright Violation | How many worthless dollars is my car worth? I won't sell it for a lowball price, so just save it. Opening bid $10,000 I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
Anonymous Coward User ID: 33610608 United States 01/01/2022 03:22 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 77201211 United States 01/01/2022 03:22 PM Report Abusive Post Report Copyright Violation | I also have a feeling that the fiat-tards here are not wealthy people. They have a poor man's mindset, and most likely paycheck-to-paycheck wage cucks. Quoting: Anonymous Coward 77098490 I'll let you in on an timeless and well supported adage. Anyone who feels they have to openly talk about how 'rich and successful' they are, have neither. ;) always remember folks there's a saying, self glorifying = small price and every fool brags his horse |
Anonymous Coward User ID: 79839794 United States 01/01/2022 03:22 PM Report Abusive Post Report Copyright Violation | I guess some people are not interested in building wealth, but rather bitch about the dollar, fiat, monopoly money. Yes, it's backed by nothing, but the world uses the dollar. The people here crying about how the dollar is worthless are the same damn people using the dollars to buy shit. If dollars are worthless, take your cash and burn it up. You won't. Sure, it would be nice if our money was actually backed by gold, but it's not, and everyone is playing the same game in the same system. My intention is to acquire as many of these fake dollars as possible, because dollars buy shit. The dollar is being actively devalued, which is why it's even more important to make sure you invest your money, because wages aren't gonna cut it anymore. Full scale automation and robotics is also coming, and I want to complete avoid that debacle where millions will lose their jobs. And for the Peter Schiffs on this thread, feel free to take your investment money and buy gold silver, and real estate, you know, real assets, but you still need cash, dollars. Quoting: Anonymous Coward 77098490 I also have a feeling that the fiat-tards here are not wealthy people. They have a poor man's mindset, and most likely paycheck-to-paycheck wage cucks. I don't use dollars I USE CRYPTO. You can spend DASH DIGITAL CASH just about anywhere now. There are DASH debit cards, gift cards and stores that accept it directly. The USD is going away and all the people who support it are going with it! |
Anonymous Coward User ID: 33610608 United States 01/01/2022 03:23 PM Report Abusive Post Report Copyright Violation | |
BRIEF
(OP) User ID: 79662918 United States 01/01/2022 03:23 PM Report Abusive Post Report Copyright Violation | I also have a feeling that the fiat-tards here are not wealthy people. They have a poor man's mindset, and most likely paycheck-to-paycheck wage cucks. Quoting: Anonymous Coward 77098490 I'll let you in on an timeless and well supported adage. Anyone who feels they have to openly talk about how 'rich and successful' they are, have neither. ;) No, you do not want to be taught about wealth building by anyone that is not wealthy themselves... I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
Anonymous Coward User ID: 79839794 United States 01/01/2022 03:23 PM Report Abusive Post Report Copyright Violation | ... Quoting: Anonymous Coward 79839794 If a five yr old gets it, then why the FUCK don't you you stupid rockhead motherfucker? It don't MATTER if you can buy stuff with it, that's not what gives shit value you stupid asshole! Value doesn't come from what you can do with something but from WHAT THAT something is and what went into making it. Learn how to think before typing you retard motherfucker There's a lot of stuff you can do with A ROCK. You can hammer stuff, keep doors and stuff open, even use it as a paper weight. IT DOESN'T MAKE A DIFFERENCE its still worth ZERO because rocks are a dime a dozen dipshit! A HAMMER tho has worth because of WHAT IT IS and what went into MAKING IT. Learn economics before you respond again you fuckin' dumbass! Yes, the purchasing power of the dollar is the fucking value of it you 75 IQ moron... That's not value you fucking idiot! That's the very definition of value. A gallon of milk is worth $2.00 and that is the purchasing power of a dollar divided...Therefore the two dollars are required to equal the value of one gallon of milk. The purchasing power of the dollar determines its worth. That's not VALUE, that's PRICE. Value and PRICE are different. Even in your milk example the PRICE OF MILK COULD DOUBLE TOMORROW. THE VALUE OF THE MILK IS STILL THE SAME. |
Anonymous Coward User ID: 77201211 United States 01/01/2022 03:24 PM Report Abusive Post Report Copyright Violation | |
Inevitability
User ID: 81670512 United Kingdom 01/01/2022 03:24 PM Report Abusive Post Report Copyright Violation | I invested in crypto 4 years ago and I'm currently over 700% up. Hell I made over 3000% in one trade the other day. But do tell me how this fiat paper trading is profitable? Fatality. Out of Sanity. Sublime Paragon. Transcendent Virtuoso. Marduk the Inimitable. Truth Ranger. Ipso Facto. -------------------------------------------------------------------------------------------------------------------------------------- Truth is like the sun. You can shut it out for a time, but it ain't goin away. -------------------------------------------------------------------------------------------------------------------------------------- You are not entitled to your opinion. You are entitled to your informed opinion. No one is entitled to be ignorant. -------------------------------------------------------------------------------------------------------------------------------------- |
BRIEF
(OP) User ID: 79662918 United States 01/01/2022 03:24 PM Report Abusive Post Report Copyright Violation | ANd inflation , actual inflation, was 120 percent Quoting: Anonymous Coward 33610608 The stock market being valued in the "World reserve currency dollars" means you got SKINNED and eventually will be totally reamed to death That makes no sense...Can you formulate an articulate statement? I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
Anonymous Coward User ID: 33610608 United States 01/01/2022 03:24 PM Report Abusive Post Report Copyright Violation | I also have a feeling that the fiat-tards here are not wealthy people. They have a poor man's mindset, and most likely paycheck-to-paycheck wage cucks. Quoting: Anonymous Coward 77098490 I'll let you in on an timeless and well supported adage. Anyone who feels they have to openly talk about how 'rich and successful' they are, have neither. ;) No, you do not want to be taught about wealth building by anyone that is not wealthy themselves... I could buy and sell you, does that mean no one should listen to you? |
Vafþrúðnir
User ID: 81704688 United States 01/01/2022 03:25 PM Report Abusive Post Report Copyright Violation | I also have a feeling that the fiat-tards here are not wealthy people. They have a poor man's mindset, and most likely paycheck-to-paycheck wage cucks. Quoting: Anonymous Coward 77098490 I'll let you in on an timeless and well supported adage. Anyone who feels they have to openly talk about how 'rich and successful' they are, have neither. ;) No, you do not want to be taught about wealth building by anyone that is not wealthy themselves... The adage still stands tho, doesn't it. ;) |
Anonymous Coward User ID: 33610608 United States 01/01/2022 03:25 PM Report Abusive Post Report Copyright Violation | ANd inflation , actual inflation, was 120 percent Quoting: Anonymous Coward 33610608 The stock market being valued in the "World reserve currency dollars" means you got SKINNED and eventually will be totally reamed to death That makes no sense...Can you formulate an articulate statement? TEATS UP. Is that articulate enough for you? AT this point it is just a paper tiger. |
BRIEF
(OP) User ID: 79662918 United States 01/01/2022 03:27 PM Report Abusive Post Report Copyright Violation | I also have a feeling that the fiat-tards here are not wealthy people. They have a poor man's mindset, and most likely paycheck-to-paycheck wage cucks. Quoting: Anonymous Coward 77098490 I'll let you in on an timeless and well supported adage. Anyone who feels they have to openly talk about how 'rich and successful' they are, have neither. ;) always remember folks there's a saying, self glorifying = small price and every fool brags his horse If you taught knot tying, horse riding, and rope throwing and I was interested in learning...Do you think I would want to learn from a moron like you that doesn't know fuckiung shit about shit? NOPE I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |