Red Wave

[Hawkeye]

I was talking with my former broker tonight. I'm surprised he even cared to put the time in since I don't have that much in my IRA anyway. He said that I shouldn't be worried about one party Democrat control and the advance of democratic socialism at the ballot box because the downturn in the stock market, economy, etc was due to COVID. Well what's stopping us from having another pandemic that results in a shutdown? Are Democrats going to decide to not shut down the economy out of fear of what it would do to their poll numbers? Are they tacitly admitting that the COVID shutdown was just a scheme to get rid of Trump and something Democrats would never repeat so long as they are in power? I'm not sure. Clearly most genuinely believe that a total shutdown is warranted even if it's just a few old people who are at risk. If it's not COVID, we'll see economic downturns due to climate change policy or just as a result of a democratic socialist command economy. I hoped I was wrong about the direction of the economy when Biden took office, but I wasn't. I still hope I'm wrong even if it means seeing my IRA cut in half. But I'm not. I just wish I had done this three years ago.

[Gadianton]

I had no idea who or what to believe

You are correct when it comes to your opinions on economics. you should STFU, forget about politics, and try to understand principles first before factoring in what differences a democrat or republican are going to make. I'll fast forward and give you the answer: not much.

You want Jesus to come again. When he does, what do you think he'll do to make sure Ajax is getting more than his fair share?

I'm laughing my ass off at your decision to go all in on real physical precious metals. As I lean toward market efficiency, I don't think anyone can say that it's a good or bad move in terms pricing errors on gold vs. stocks; it may be dumb for more practical reasons as pointed out.

Why I'm laughing though is that it's such a right-wing paranoid move. Isn't Fox constantly advertising ways to get into gold, playing on the shared delusion that Democrats are printing money out of control and buy gold now! because money is going to be worthless! (I'll laugh my ass off if we ever discover an asteroid in easy reach of the earth that can be mined)

I'd point out you can buy stocks and ETFs related to metals in every conceivable way, but I know the right-wing answer, because my right-wing friend has pulled this one on me too. You've got to have the real thing! You have to own the real physical metal or it isn't worth anything!

oh my god. dude, ditch the unhinged hatred and paranoia and try to learn about the economy and investing the same way you'd learn about the eye.

[Doctor CamNC4Me]

I was talking with my former broker tonight. I'm surprised he even cared to put the time in since I don't have that much in my IRA anyway. He said that I shouldn't be worried about one party Democrat control and the advance of democratic socialism at the ballot box because the downturn in the stock market, economy, etc was due to COVID. Well what's stopping us from having another pandemic that results in a shutdown? Are Democrats going to decide to not shut down the economy out of fear of what it would do to their poll numbers? Are they tacitly admitting that the COVID shutdown was just a scheme to get rid of Trump and something Democrats would never repeat so long as they are in power? I'm not sure. Clearly most genuinely believe that a total shutdown is warranted even if it's just a few old people who are at risk. If it's not COVID, we'll see economic downturns due to climate change policy or just as a result of a democratic socialist command economy. I hoped I was wrong about the direction of the economy when Biden took office, but I wasn't. I still hope I'm wrong even if it means seeing my IRA cut in half. But I'm not. I just wish I had done this three years ago.

You know. You’ve convinced me that you need to put all your equity into precious metals. I can’t wait for you to crow about your investing savvy. All in, man. FOMO YOLO, SILVER WILL SINK THE FED!

[Hawkeye]

You are correct when it comes to your opinions on economics. you should STFU, forget about politics, and try to understand principles first before factoring in what differences a democrat or republican are going to make. I'll fast forward and give you the answer: not much.

I'd say time will tell who is right but I'm not so sure these days. Veritas is convinced that I've benefited over the last two years from inflation, gas prices, illegal immigration, COVID lockdowns, expensive green energy, and a very expensive war with Russia. The cost of groceries is just a partisan illusion that I read on Breitbart. I guess reality is whatever you choose to perceive it to be.

[honorentheos]

You are correct when it comes to your opinions on economics. you should STFU, forget about politics, and try to understand principles first before factoring in what differences a democrat or republican are going to make. I'll fast forward and give you the answer: not much.

I'd say time will tell who is right but I'm not so sure these days. Veritas is convinced that I've benefited over the last two years from inflation, gas prices, illegal immigration, COVID lockdowns, expensive green energy, and a very expensive war with Russia. The cost of groceries is just a partisan illusion that I read on Breitbart. I guess reality is whatever you choose to perceive it to be.

No one is saying the cost of groceries is a partisan illusion, Ajax. Especially not Veritas. What you've been told over and over is that the causes for the issues you feel are most important to you conflict with how you vote. The words you portage across the sewers of the internet to here are met with criticism for their inaccuracies, yet you almost never stay in a discussion long enough with enough engagement to see beyond those headlines.

What would it really take for you to listen to what people ACTUALLY say?

[¥akaSteelhead]

The US monthly budget deficit dropped to $88 billion in October, down 47% for the year

https://www.cnn.com/2022/11/10/economy/ ... index.html

[Gunnar]

Good riddance, if she loses. I can think of few people more deserving of losing. Donald J. Trump, of course, being at the top of that list.

What pisses me off is Marjorie Taylor Greene won again, and it wasn't even close. Georgia truly is a weird state.

I feel the same way about MTG. She is a disaster as a congress member. She is astoundingly ignorant as well as a bigot. Any Democrat politician would be unceasingly excoriated by the very same conservatives who voted for her if guilty of the same marital infidelity she is admittedly guilty of. She is a shameless liar and hypocrite. Unfortunately, that seems to have become a primary requisite for acceptance by today's Republican party.

ETA: What if (heaven forbid), instead of running for reelection to the House, she were the one running for Senator against Rafael Warnock, instead of Herschel Walker. Do you think she would have fared any better against Warnock than Walker did?

[ajax18]

I'd say time will tell who is right but I'm not so sure these days. Veritas is convinced that I've benefited over the last two years from inflation, gas prices, illegal immigration, COVID lockdowns, expensive green energy, and a very expensive war with Russia. The cost of groceries is just a partisan illusion that I read on Breitbart. I guess reality is whatever you choose to perceive it to be.

No one is saying the cost of groceries is a partisan illusion, Ajax. Especially not Veritas. What you've been told over and over is that the causes for the issues you feel are most important to you conflict with how you vote. The words you portage across the sewers of the internet to here are met with criticism for their inaccuracies, yet you almost never stay in a discussion long enough with enough engagement to see beyond those headlines.

What would it really take for you to listen to what people ACTUALLY say?

I was a crazy fool who walked into imminent dearh by working through Covid without a mask. Now I'm a crazy fool for betting against democratic socialisms effect on the stock market and the sollar. I like my chances.

[honorentheos]

I was a crazy fool who walked into imminent dearh by working through Covid without a mask. Now I'm a crazy fool for betting against democratic socialisms effect on the stock market and the sollar. I like my chances.

Two things.

First, it really, REALLY would be helpful if you engaged topics as presented rather than tilting at rightwing headline windmills.

Second, it seems you don't have a functional risk assessment matrix. The paragraph above is almost entirely an expression of bad risk assessments.

[Doctor CamNC4Me]

No one is saying the cost of groceries is a partisan illusion, Ajax. Especially not Veritas. What you've been told over and over is that the causes for the issues you feel are most important to you conflict with how you vote. The words you portage across the sewers of the internet to here are met with criticism for their inaccuracies, yet you almost never stay in a discussion long enough with enough engagement to see beyond those headlines.

What would it really take for you to listen to what people ACTUALLY say?

I was a crazy fool who walked into imminent dearh by working through Covid without a mask. Now I'm a crazy fool for betting against democratic socialisms effect on the stock market and the sollar. I like my chances.

Commodities.



So hot right now. ALL IN. YOLO FOMO!

- Doc