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coffeebythelake said:
🙄 🙄
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2 eyerolls?
A double?? Wow, that's a bit much!

Ok seriously, do you think we can continue the current ways without serious harsh consequences? Specifically producing far less than we consume financed by every increasing debt and money printing, paying people to not work, and an open border flooding us with uneducated unskilled labor. This is not partisan; both parties have contributed in some manner to all of the above.

Throw in other stressors, as a small example cradle to grave nanny state, policies that encourage more crime, and reducing our own energy production... and yes, that is heading in the direction towards Venezuela. It will be interesting to see what happens as the effects of these horrible policies become more and more pronounced. Do we continue them till we crash and burn, or do we make a very difficult and historic transformation? Very tough to cut off the agenda once it's rolling with a head of steam.
 
Catching a falling knife.
Will have a bounce eventually but I'm not in the game of guessing when.


Screenshot_20220117-172342~2.png
 
We'llBeDoneIn15Minutes said:
Ok seriously, do you think we can continue the current ways without serious harsh consequences? Specifically producing far less than we consume financed by every increasing debt and money printing, paying people to not work, and an open border flooding us with uneducated unskilled labor. This is not partisan; both parties have contributed in some manner to all of the above.

Throw in other stressors, as a small example cradle to grave nanny state, policies that encourage more crime, and reducing our own energy production... and yes, that is heading in the direction towards Venezuela. It will be interesting to see what happens as the effects of these horrible policies become more and more pronounced. Do we continue them till we crash and burn, or do we make a very difficult and historic transformation? Very tough to cut off the agenda once it's rolling with a head of steam.
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Those two things are features of capitalism, not defects. Capitalism ran into a wall in about 1929 and luckily for it, the world blew itself to pieces. Milked a few more decades out of the concept. The Great Recession was only prevented from becoming the Great Depression: Part Deux via aggressive government intervention. The fact remains, capitalism requires constant growth in a world with hardcoded limits to productivity. Look at healthcare, the parasites at the top are sucking it dry. The only sector where one can make a comfy living these days is technology, or stated another way, where there is new value generation. Jacking up the price of a car so a wagie has to pay it off over five years versus lump sum cash looks like value generation on paper, but even there you eventually hit a wall. Letting uneducated unskilled labor in is good for the capitalist because you can get labor for peanuts. It also keeps your country growing (and consuming!) when your populace stops reproducing because it's not financial feasible to do so. Paying people not to work keeps the masses placated and will likely increase as more people struggle to make a living. Crime, well, that's just a symptom of the suffering masses. I fully expect a hard reboot of the global system within my lifetime. Communism is possible, but who knows? Feudalism gave way to modern capitalism, who can say what's next? It'll probably be interesting to watch.
 
We'llBeDoneIn15Minutes said:
Catching a falling knife.
Will have a bounce eventually but I'm not in the game of guessing when.


View attachment 348435
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The only way to win when dealing with worthless assets trading at valuations of anything other than zero is to not play the game. Even if you know it's a bubble of fools trying to sell to bigger fools, you can get massively burned trying to short at the wrong time. Just stay away.

Crypto, NFTs, art stored in freeports, aged wines that will never be drank, all of it. No, a bitcoin sequence of 1s and 0s is not worth $60,000. No, an animated gif of somebody hitting a home run is not worth $500,000. No, a painting is not worth $30 million. No, a bottle of 40 year old burgundy with unverifiable contents is not worth $150,000.

There is only one reason any of this started being traded for the valuations that they are. It's not hard. It's money laundering. It is that simple. Ask yourself, is that a pool you want to swim in with your honestly earned savings?
 
Moonbeams said:
The only way to win when dealing with worthless assets trading at valuations of anything other than zero is to not play the game. Even if you know it's a bubble of fools trying to sell to bigger fools, you can get massively burned trying to short at the wrong time. Just stay away.

Crypto, NFTs, art stored in freeports, aged wines that will never be drank, all of it. No, a bitcoin sequence of 1s and 0s is not worth $60,000. No, an animated gif of somebody hitting a home run is not worth $500,000. No, a painting is not worth $30 million. No, a bottle of 40 year old burgundy with unverifiable contents is not worth $150,000.

There is only one reason any of this started being traded for the valuations that they are. It's not hard. It's money laundering. It is that simple. Ask yourself, is that a pool you want to swim in with your honestly earned savings?
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Have you guys read how much energy is consumed by cryptocurrency? Just mining Bitcoin consumes 0.5% of all worldwide electricity, and each Bitcoin transaction uses over 100 dollars in electricity. It should be outlawed based on that alone, but that eventually won't be necessary as it just fades away into dust on its own.
 
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GassYous said:
His tax is more like 46.6% from what I calculated
But yeah he screwed himself
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I can't even begin to calculate professional athlete tax rates. They are taxed on their income in every state they play a road game in so they have to fill out a bunch of different state returns.


And on an unrelated note, if I ever hear again about Bitcoin being a "store of value"...
 
Mman said:
I can't even begin to calculate professional athlete tax rates. They are taxed on their income in every state they play a road game in so they have to fill out a bunch of different state returns.


And on an unrelated note, if I ever hear again about Bitcoin being a "store of value"...
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It is digital gold!
 
choburger said:
IDK if this will blow up but they’ve been gaining some traction within a few days. It’s a NFT community for dentists, doctors, and soon other healthcare workers. I’m waiting for them to be minted just to buy dinner I think being a part of it will be pretty cool. Not sure about as an investment though

@apedocs on Instagram
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Discord - Group Chat That’s All Fun & Games

Discord is great for playing games and chilling with friends, or even building a worldwide community. Customize your own space to talk, play, and hang out.
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Joined- can you explain how NFTs fit into this? What does minted mean? Newbie in this space
 
2brads said:
I’m long tulips. Who’s with me?
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corporatefinanceinstitute.com

Dutch Tulip Bulb Market Bubble

The Dutch tulip bulb market bubble (or tulip mania) was a period in the Dutch Golden Age during which contract prices for some of the tulip
corporatefinanceinstitute.com corporatefinanceinstitute.com

"By 1636, the demand went so high that regular marts for sale of tulips were established on the Stock Exchange of Amsterdam, and professional traders got in on the action"

Seems eerily familiar to the crypto situation
 
Mman said:
I can't even begin to calculate professional athlete tax rates. They are taxed on their income in every state they play a road game in so they have to fill out a bunch of different state returns.


And on an unrelated note, if I ever hear again about Bitcoin being a "store of value"...
Click to expand...

Probably as good as tulips being q store of value
 
coffeebythelake said:
corporatefinanceinstitute.com

Dutch Tulip Bulb Market Bubble

The Dutch tulip bulb market bubble (or tulip mania) was a period in the Dutch Golden Age during which contract prices for some of the tulip
corporatefinanceinstitute.com corporatefinanceinstitute.com

"By 1636, the demand went so high that regular marts for sale of tulips were established on the Stock Exchange of Amsterdam, and professional traders got in on the action"

Seems eerily familiar to the crypto situation
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“Professional traders” = middlemen.

Anytime you get brokers and traders involved, in a big way beyond small commissions, value gets warped.

They don’t MAKE the stuff, they don’t NEED the stuff. They’re just manipulating prices.

That’s petroleum, ag futures, flipping houses.....
 
ERRES2288 said:
Joined- can you explain how NFTs fit into this? What does minted mean? Newbie in this space
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NFT stands for non-fungible token. These are pieces of digital content linked to the blockchain, such as Ethereum and Polygon. Ethereum was the first to market and more popular but suffers from high gas fees to make transactions. Polygon is newer and gaining traction because it is gas-fee, allowing creators to sell and collectors to buy NFTs without paying additional fees. Minting is basically publishing your art to the blockchain.
 
Anyone thinking of buying a piece of land? Not for appreciation, but for survival just in case.

Bill Gates is the biggest landlord in the States. He is smart and must know something.
 
narcotics999 said:
Anyone thinking of buying a piece of land? Not for appreciation, but for survival just in case.

Bill Gates is the biggest landlord in the States. He is smart and must know something.
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I have thought about it but not pulled the trigger. The problem is we don't know which metaverse will win out. Decentraland? Axie Infinity? Sandbox? Even Facebook is getting into the game now with Meta!
 
narcotics999 said:
Anyone thinking of buying a piece of land? Not for appreciation, but for survival just in case.

Bill Gates is the biggest landlord in the States. He is smart and must know something.
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In what scenario for ‘survival’ would legal land ownership mean anything?
 
narcotics999 said:
Anyone thinking of buying a piece of land? Not for appreciation, but for survival just in case.

Bill Gates is the biggest landlord in the States. He is smart and must know something.
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If it reaches that point, I would fear government intervention and potential for land seizures, in which case your global mobility and your MD are your best assets.

That said, I believe in freedom and in the US and its citizens' ultimate ability to triumph as one.

To the Bill Gates observation, I would reference my earlier questioning re: a REIT called LAND (by Gladstone). It seems to focus on non commodity crops (less volatility) with water rights (less uncertainty), gives direct exposure to land ownership and their formula is pretty comprehensive. The yield is a nice perk too.

All that to say, if you actually want to buy physical land you won't regret it.
 
chessknt said:
In what scenario for ‘survival’ would legal land ownership mean anything?
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Excellent point, but fact is if poo hits the fan getting out on remote land has a much higher survival ability than cities which are already degrading to a bit of anarchy in some areas.
 
Bitcoin:
All are intact currently,
Short term uptrend
Medium term downtrend
Long term uptrend.
It's getting very interesting which trends hold up and which are broken.
 
We'llBeDoneIn15Minutes said:
Excellent point, but fact is if poo hits the fan getting out on remote land has a much higher survival ability than cities which are already degrading to a bit of anarchy in some areas.
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Presumably accessible by the road system meaning anyone with a car can also access it. If not then it probably has no utilities available making it near worthless unless it has some mineral use (which if explored would make it accessible by road of course). Like nobody in the whole country has a similar idea... So in this hypothetical anarchy scenario you holding a piece of paper stating that the land is actually yours will accomplish something?

In the meantime you get to pay taxes on this unused land and should you ever need/want to sell it experience the joys of selling vacant land.

There seems to be no upside to land ownership in that scenario to me. It is almost as pointless as nft ownership, just to give the owner a sense of pride in something that has no relevance to the rest of the world.
 
chessknt said:
Presumably accessible by the road system meaning anyone with a car can also access it. If not then it probably has no utilities available making it near worthless unless it has some mineral use (which if explored would make it accessible by road of course). Like nobody in the whole country has a similar idea... So in this hypothetical anarchy scenario you holding a piece of paper stating that the land is actually yours will accomplish something?

In the meantime you get to pay taxes on this unused land and should you ever need/want to sell it experience the joys of selling vacant land.

There seems to be no upside to land ownership in that scenario to me. It is almost as pointless as nft ownership, just to give the owner a sense of pride in something that has no relevance to the rest of the world.
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How many lawless riots occurred outside of cities in the past couple of years? How many armed robberies, armed car jackings, armed home invasions occur on rural land?
 
We'llBeDoneIn15Minutes said:
How many lawless riots occurred outside of cities in the past couple of years? How many armed robberies, armed car jackings, armed home invasions occur on rural land?
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When has anarchy occurred and the government broken down anywhere in the United States that would prompt you to go live off the land?

You don’t think shady **** happens in rural areas from time to time the same way riots do in the city?
 
chessknt said:
When has anarchy occurred and the government broken down anywhere in the United States that would prompt you to go live off the land?

You don’t think shady **** happens in rural areas from time to time the same way riots do in the city?
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Yeah I saw the hills have eyes
 
Yeah I've lost track of what this thread is even about...
 
chessknt said:
You don’t think shady **** happens in rural areas from time to time the same way riots do in the city?
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Nope, and clearly I've been mislead. You'll have to show me these rural Chaz Zones and Chicago gang-like equivalents. That darn Fox News is covering it up.
 
We'llBeDoneIn15Minutes said:
Nope, and clearly I've been mislead. You'll have to show me these rural Chaz Zones and Chicago gang-like equivalents. That darn Fox News is covering it up.
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www.wlbt.com

Analysis: Jackson’s rate of killings per capita ranks highest in the U.S.

People are being killed at a higher rate per capita in the Capital City than any other major city in the U.S., according to a 3 On Your Side analysis of more than fifty municipalities across the country.
www.wlbt.com www.wlbt.com
 
This stuff seemed very shady.

www.bbc.com

Ahmaud Arbery: What you need to know about the case

The fatal shooting of Ahmaud Arbery drew national attention. The trial over his death is underway.
www.bbc.com www.bbc.com


www.gq.com

A Most American Terrorist: The Making Of Dylann Roof

In June 2015, he shot and murdered nine black church-goers in Charleston, South Carolina, hoping to ignite a race war. Rachel Kaadzi Ghansah spoke with Roof's family, friends, and the victims' families to unlock what created one of the coldest killers of our time.
www.gq.com www.gq.com
 
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narcotics999 said:
Anyone thinking of buying a piece of land? Not for appreciation, but for survival just in case.

Bill Gates is the biggest landlord in the States. He is smart and must know something.
Click to expand...

mdartclub said:
I have thought about it but not pulled the trigger. The problem is we don't know which metaverse will win out. Decentraland? Axie Infinity? Sandbox? Even Facebook is getting into the game now with Meta!
Click to expand...


Are we talking earth land, metaverse land, or mars land?
 
chessknt said:
When has anarchy occurred and the government broken down anywhere in the United States that would prompt you to go live off the land?

You don’t think shady **** happens in rural areas from time to time the same way riots do in the city
Click to expand...

chessknt said:
When has anarchy occurred and the government broken down anywhere in the United States that would prompt you to go live off the land?

You don’t think shady **** happens in rural areas from time to time the same way riots do in the city?
Click to expand...
Truth. U own remote land, only to learn it has a meth lab on it.
 
2brads said:
How to know when your thread has officially gone off the rails: When the anesthesiologists start a serious discussion about forming hunter-gatherer communes.
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😂😂😂
Man if that isn't the funniest comment on here ever, it's definitely top 10.
 
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