to anyone keeping score
if gme opens at $69 or above tomorrow, roaring kitty will have lapped michael burrys big short earnings by 20%.
a _lot_ of people are minting off this, its honestly impressive.
to anyone keeping score
if gme opens at $69 or above tomorrow, roaring kitty will have lapped michael burrys big short earnings by 20%.
a _lot_ of people are minting off this, its honestly impressive.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
If you haven’t seen The Gods Must Be Crazy, check it out.Originally Posted by BetCheckBet
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@Tellafriend I know somewhere in this cesspool you called out Saudi Arabia refusing to renew the 50-year-old US-Saudi Petrodollar Agreement.
Congratulations on your call.
It’s nice to be right (Groman) but it’s a sad fucking day for the empire. It is truly unbelievable.
Here’s a morsel. The Treasury Dept has been testing a Treasury buyback program. The treasury is selling high interest T-Bills to pay back lower interest longer term debt.
I see them doing a little buyback program as far back as 4/3, 4/10 and 4/17.
We haven’t had 2, 10 and 30 year rates this high since 2007. Which means generally we have borrowed at lower rates since then. Why are we paying off debt that is generally lower than present rates?
Why are we selling (borrowing) T-Bills at 5.5% to pay off debt that is certainly lower than 4.5% ?
This is like Druff prepaying his mortgage using a credit card.
The answer my friend is liquidity. Bond auction sales have sucked. Nobody wants or needs our dollars for oil. Nobody has any idea who is next in line for sanctions or what foreign assets will be seized.
Our future is one of higher rates. I’m talking bigger picture. Near term, we are gonna see liquidity in assets increase (bitcoin, NVDA, Sonatine’s art collection)
The rich will get richer. America becomes weaker. The importance that surrounds the death of the petrodollar cannot be overstated. We can’t get away with running printers like we could before.
Of course, Trump nor Biden will not touch this issue. They are both complicit.
Since ‘75 the petrodollar is the only thing that has separated the US from the animals and now it’s gone
I’m glad Kissinger isn’t around to see this.
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Broadcom Inc
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https://twitter.com/MyLordBebo/status/1802939807305203949
Precisely why the rest of world is fleeing the petrodollar and buying every ounce of gold that isn’t locked down. The swamp neither sees the consequence of our actions nor cares apparently.
Yellen in particular is hell bent. I don’t want to hear the Secretary of the Treasury espousing war. Stay in your lane you little troll. No one wants to hear your opinion on Ukraine and Russia.
These people seem the sort to exchange tactical nukes. No instinct for self preservation. I was recently exposed to the notion that radiation is far less and issue than is commonly believed. Interesting that this narrative is being planted in media now.
Look at the bright side. Bretton Woods was borne of war.
Last edited by Sanlmar; 06-18-2024 at 08:53 AM.
Forgive me father for I have sinned.
Broadcom Inc
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I got into NVDA at a split adjusted price of $22. (Country978 did too). I have been aware of NVDA’s correlation to BTC, for example. I wasn’t in an emotional place to increase my participation in the froth. I am a nit down deep in my core and it cost me.
I’m a flawed human. One must not be afraid of the wave - gotta hang ten sometimes.
Just spectacular sir. Continue to be the shephard, will ya?
By the way. I cannot recommend the Acquired podcast enough.. NVDA is covered extensively - as it should be. The pod is long form - often 3 hours per episode. PFA has had the proper training so no trouble there.
We lived through many of the topic companies and it’s interesting to see historians examine the companies that were so much a part of our lives.
The two hosts are entertaining.
I have been truly surprised by something in each of the episodes. Bill Gates father’s role in the Starbucks creation story floored me. Who Gates father was in Seattle kinda surprised me.
Love Porsche. Hitler founding Volkswagen. Doug DeMuro presided. I’m a car guy. I think Bubbles has a couple classic bugs iirc.
There is an episode on Sonatine’s heart throb, Jim Simon - yet another different look at what an unusual genius he was.
Excellent podcast series.
Oh, oh, oh…
I have a tortured relationship with the All-In podcast. Smug is the tax you pay for information.
The ring leader is Jason Calacanis. Acquired did an interview with him. Jason’s origin story was top top. Son of a bar owner in the Bronx. Calacanis said the movie “Goodfellas” felt like his childhood.
I had to stop midway through the pod cause he’s insufferable (Calacanis admits he is - to his credit). Required listening and interesting af.
There is a little bit of Richard Brandon and Dave Portnoy there with the photocopied free magazines origin story
I digress but I’m free range and mostly organic
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
“My will to survive exceeds almost everybody else's will to kill me.”
- Jensen Huang CEO Nvidia
origin story:
“The family ends up moving to Thailand a few years later. And then when they're living in Thailand and Jensen is nine, they finally decide that this is the right time to send the kids to America. Now, the parents can't move to America yet. They don’t speak English
They don't have enough money. But they found a boarding school in America that is cheap enough that they can afford. It is called Onita Baptist Institute, and it is in eastern Kentucky, the sticks of Kentucky.
Jensen would later say that he and his brother were the first foreigners to attend this school, and they're pretty sure they were the first Chinese people ever in the town of Onita.
Well, it turns out that the reason that this school, OBI, Onita Baptist Institute, was so cheap was it's actually not a prep school. It's a reform school. So this is a school for like troubled kids.
It's a reform school. So Jensen's roommate, when he shows up as a nine-year-old, is a 17-year-old kid who had just gotten out of prison and was recovering from seven stab wounds that he got in a knife fight.
Classic American journey right”
From Acquired: Nvidia Part I: The GPU Company (1993-2006), Mar 28, 2022
https://podcasts.apple.com/us/podcas...=1000606224351
This material may be protected by copyright.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Been working on Peter Thiel + JD Vance + Palantir + CIA whenever I get a chance.
Palantir’s platform doesn’t seem as good as CIA’s but that’s not the important thing
The privatization of intelligence and all that. I didn’t realize Raytheon was a partner in this fashion. Bonus!
Thiel trying to get a $14m bunker approved in New Zealand. Funny how I wasn’t surprised but wtf with these tech bros and their optimism
kid sounds angry. poor baby.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Wasnt Twitter unprofitable before Elon? Is it losing more money now than before? Genuine question.
I always assumed him buying Twitter was just a vanity project, with no expectation to be profitable. But maybe some downstream effects that might help his other businesses. Like Bezos and WaPo.
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