Recent comments in /f/wallstreetbets

DYTTIGAF t1_jed4ckg wrote

I sat looking at my computer screen in November 2021. Just as Powell said the Federal Reseve was going to be raising rates and pivot from their "transitory" viewpoint on inflation.

I have been locked in for the last 14 months. Each day watching this policy change in action. It's not brain surgery. It's simple stuff.

Please don't be an apologist for a bunch of twits in Silicon Valley who failed to make the most basic attempts at hedging a multibillion bond position.

Why? When they saw they needed money they approached Goldman Sachs as the savior to buy the long bond position (at market valuations) as well as to float a share issue (to make up for the lost principle value on their balance sheet).

A bunch of VC's got wind of the deal and jumped on Twitter...and the game was over.

This was 3rd grade mis-management by the bank who was more concerned about social governance nonsense than being good stewards of other people's money.

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NRA-4-EVER t1_jed43m1 wrote

How is it misinformation? You can still use banks, but once you remove cash, it is now off the "grid" if you will. The only thing that tracks the money is the system. You scream "misinformation" because you won't admit that you were wrong.

I try to never buy things that can be tracked. If I'm buying something online I'll even buy gift cards to do it, like PSN cards. Obviously if you register a car or buy a house, it's going on the record in other ways, but that's not cash's fault. I remember when I bought my last Jeep I bought in an envelope of cash, but they convinced me to save money through some shady banking and when they ran my SSN, they couldn't find any record of me. They said they only see that with people who have been in jail for 10 years. It was pretty funny.

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Ok_Cockroach_7207 t1_jed3o27 wrote

The idea that the market cares what price you got in is ridiculous. Wait for an anchor point just like everyone else before you go trying to catch the absolute bottom like a lunatic and have no capital to spend for like 3 months.

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PhillyChapter9 t1_jed3gfn wrote

If your storing cash and lead for the shtf scenario, then you would be much better off swapping the cash for another metal - silver. In the scenario where bullets have value, cash would be worthless or inflated to near worthless while silver oz’s would have barter value just like your rounds. Between the collapse and shtf cash will have a use, but you will be better off in the long stockpiling more silver than cash.

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