Random Chat, Thoughts, Posts, and/or Rants Thread

[Guest-5ty5s4]

Why is this actually so true:

 

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[Cyberthal]

If anyone can predict stock market movements, he will become rich on Wall Street, and the consumer won't receive the info until it is worthless.

He who is right 51% of the time on Wall Street is a god.

So is he who is wrong 51% of the time.

 

[Kak]

Congrats on being fastlanes first multi trillionaire!

Actually quadrillion... My order evidently included TEN of these bills! Wow. How generous!

To think... Some idiot had to decide to print these.

The federal reserve should just print one and then they could use it to pay off the national debt.

 

[Guest-5ty5s4]

Actually quadrillion... My order evidently included TEN of these bills! Wow. How generous!

To think... Some idiot had to decide to print these.

The federal reserve should just print one and then they could use it to pay off the national debt.

View attachment 35941

Just wait, Zimbabwe will come roaring back on the international stage economically and you'll actually have pulled the greatest Forex trade of all time! hahaha

Also, bold of you to assume the Fed cares about paying off the National Debt even if they could pay it off!

 

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[Kak]

Republicans warn Powell about Fed plans for climate regulation

The organized pushback is a preview of what financial agencies face as they begin to address economic fallout from global warming.

www.google.com

The fed... LOL... Is there anything it can't do?!

Unployment? "Sure we can solve it with inflation!"

Racism? "We can solve it with inflation too!"

Climate change? "We can solve the hell out of that, we just need more inflation!"

Next up: "Inflation is the elixer of life, believe it or you're a conspiracy theorist, science denying puppy strangler. Sound money is sToOpId."

The blatant manipulation of the means of exchange by politically motivated people being accepted as a good thing, has GOT to be the biggest scam of "good lemming citizens" in economic history.

 

[Mutant]

I traded 4 pictures of dead US president a for 100 trillion "pictures" of dead Zimbabwe presidents!

Totally hanging this in my office.

How modern of us with this central banking thing! Gold is only for cavemen and grumpy conservatives! View attachment 35926

I used to be in a small economics club that met once a month in a meeting room borrowed from a think tank after hours. Most fascinating speaker we ever had was a graphic designer from Zimbabwe who spoke about the reality of what it was like to live through that. Craziness.

We played a game at our Christmas do one year - everyone picked an envelope & inside was a Zimbabwean bank note. Whoever had the highest note won - a "gold bar" door stop, lol. A friend got the $100 trillion, so he won, but I came close with the $50 trillion note. I still have that on my wall too.

 

[MTF]

Argentina to tax 12,000 wealthy people to tackle Covid - BBC News

Dubbed the "millionaire's tax", the one-off levy will fund relief measures and health supplies.

www.bbc.com

Argentina has passed a new tax on its wealthiest people to pay for medical supplies and relief measures amid the ongoing coronavirus pandemic.

Senators passed the one-off levy - dubbed the "millionaire's tax" - by 42 votes to 26 on Friday.

Those with assets worth more than 200 million pesos ($2.5m; £1.8m) - some 12,000 people - will have to pay.

(...)

Those affected will pay a progressive rate of up to 3.5% on wealth in Argentina and up to 5.25% on that outside the country.

Genius. Cause the destruction of an already struggling economy and tell the productive people to pay for it!

New "rebuild" wealth tax coming to a country near you?

@Kak, I'm sure you'd love to see that in the US!

 

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[Guest-5ty5s4]

Argentina to tax 12,000 wealthy people to tackle Covid - BBC News

Dubbed the "millionaire's tax", the one-off levy will fund relief measures and health supplies.

www.bbc.com

Argentina has passed a new tax on its wealthiest people to pay for medical supplies and relief measures amid the ongoing coronavirus pandemic.

Senators passed the one-off levy - dubbed the "millionaire's tax" - by 42 votes to 26 on Friday.

Those with assets worth more than 200 million pesos ($2.5m; £1.8m) - some 12,000 people - will have to pay.

(...)

Those affected will pay a progressive rate of up to 3.5% on wealth in Argentina and up to 5.25% on that outside the country.

Genius. Cause the destruction of an already struggling economy and tell the productive people to pay for it!

New "rebuild" wealth tax coming to a country near you?

@Kak, I'm sure you'd love to see that in the US!

This is an extremely bad idea. Nobody is going to want to invest in Argentina if the government just steals a % of your assets every year. What a load of bullsh*t.

$2.5 million is right around the cutoff between being comfortably retired and being baseline “wealthy.”

Also what happens to people who own non-liquid assets like houses, businesses and real estate?

If your business is worth $3 million but your net income is $0 (or negative because of the shit economy), how are you supposed to pay?

Sounds like a socialist plan to just steal everything and nationalize it.

 

[Kid]

Sounds like a socialist plan to just steal everything and nationalize it.

"Yeay !"
. . .ee. . .
. . .i mean,
"Boo!"

 

[Primeperiwinkle]

I GET TO STAY IN A CHATEAU!!!!!! Squeeeeeeeee!!!!!

Im not happy cuz it’s expensive, in fact, it’s not expensive at all. It’s just the principle of the thing. VIVA LA FRANCE BABYYYYYYYYYYY!!!!!

 

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[Bearcorp]

Lex Fridman was a guest on The Joe Rogan Experience, and ever since then, I've been listening to the Lex Fridman podcast on YouTube.

To the deep thinkers, enjoy!

Lex Fridman - YouTube

Started listening to his podcast after hearing him on Joe’s as well, big fan!

 

[Bearcorp]

I GET TO STAY IN A CHATEAU!!!!!! Squeeeeeeeee!!!!!

Im not happy cuz it’s expensive, in fact, it’s not expensive at all. It’s just the principle of the thing. VIVA LA FRANCE BABYYYYYYYYYYY!!!!!

Share some photos!

 

[Raoul Duke]

https://imgur.com/a/EGBzLzu

 

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[MJ DeMarco]

https://imgur.com/a/EGBzLzu

Lol, had the volume off and I was like, "Damn, that dance looks familiar."

 

[socaldude]

Bloomberg ran an article not too long ago criticizing the creation of new alphabet finance vehicles at the US treasury basically taking some money supply power away from the FED. Love him or hate him Trump is secretly trying to fix this massive problem over our centralized banking monopoly. The corrupt media called it facism but it’s really what most would agree on. And surprise surprise Bloomberg is part of the “club”.

WSJ News Exclusive | Biden Picks Janet Yellen for Treasury Secretary

Kind of old news, but I mentioned this a while back. But told ya something funny was going on between the Fed and the Treasury. Nothing like having the queen of money printing on your team.

Be prepared. The money printing will shift into overdrive these next few years. It’s the only way to keep this ponzi scheme going. They’re gonna need a VIP membership for Office Depot for all that paper and ink. LOL

 

[Cyberthal]

Talk about the fast lane. We're all gonna be trillionaires!

I've heard compelling arguments for rolling debt collapse, however. Can't print debt, that requires a sucker to play debtor during deflation.

 

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[MoneyDoc]

If you could afford paying $5000/month CAD (~$3800 USD/month) for a supercar, would you?

Asking for a friend.

 

[Guest-5ty5s4]

If you could afford paying $5000/month CAD (~$3800 USD/month) for a supercar, would you?

Asking for a friend.

If you can’t afford to buy two in cash, you have no business buying one. My personal opinion only.

Otherwise just rent for 1 day when you want to try driving it...

In most cases, my thoughts are, “why own this if I’m not using it every single day?”
Or
“Why own this if it’s not going to move me forward towards my goals?”

But then again, a super car is not my dream. Maybe it’s yours.

 

[MoneyDoc]

If you can’t afford to buy two in cash, you have no business buying one. My personal opinion only.

Otherwise just rent for 1 day when you want to try driving it...

But with that mentality, if you still can't afford to buy two with cash by 60, and then you die at 61, what was the point of not paying the $5k/month at 26 when you could've afforded it?

I guess what I'm really getting at is why is the person that pays $5000/month for a car when they "ONLY" make $20k/month, looked down upon? Like in your example, you mentioned "if you can't afford to buy two in cash, you have no business buying one." I'm just trying to figure out where this mentality comes from.

 

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[BizyDad]

what was the point of not paying the $5k/month at 26 when you could've afforded it?

I'm risk averse. 25% of cashflow to finance a declining asset is not a smart play to me. Especially one that will sit in a garage often.

Like the man said, I'd rather rent one if I want the experience.

Hypothetically, what if that same 26 year old is unable to make the payments at 27?

I'd rather take that 5k per month into something else, like 2 houses maybe. Or save it to buy into another business. Expand my cash flow.

That's how the 26 year old avoids becoming a 60 year old who could never really afford it.

 

[Guest-5ty5s4]

But with that mentality, if you still can't afford to buy two with cash by 60, and then you die at 61, what was the point of not paying the $5k/month at 26 when you could've afforded it?

I guess what I'm really getting at is why is the person that pays $5000/month for a car when they "ONLY" make $20k/month, looked down upon? Like in your example, you mentioned "if you can't afford to buy two in cash, you have no business buying one." I'm just trying to figure out where this mentality comes from.

If you make $20k per month post tax, it’s not going to take you very long to reach the “afford two in cash” benchmark, unless you spend a ton of your income.

I’m pretty sure I could save and invest over half of that (business or money system) and still live pretty luxuriously.

That means after a couple years you could easily buy one... let alone after 40 years.

5 years to get rich is pretty damn quick compared to the sidewalk and slow lane.

 

[MoneyDoc]

@thechosen1 @BizyDad love both of your responses.

I actually had this problem 1 year ago. I did not pull the trigger on one, but I had the urge every single day to do so. Long story short, I ended up with my SVR which was totalled 2 weeks ago. On the bright side, $3k/month is cleared from my plate. However that “lambo” urge has also come back... but like you guys said, it’s just a matter of time if I’m smart.

 

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[Raoul Duke]

lol

6 plays later. lsu kicks a field goal for the winner. then florida misses a field goal to send it to overtime.

lol

View attachment f0cJ34--4JKrX1_5.mp4

 

[Cyberthal]

I would rather travel in a spacious tank-like vehicle with tinted windows, a discreet chauffeur and a supply of nose and arm candy. Why drive the psycho streets exposed to legal and lethal jeopardy? If you wanna go fast, fly.

 

[MTF]

View: https://www.youtube.com/watch?v=nAiE9fJbVd4


It's a comedy skit but it shows well what a real-life FTE could look like LOL.

 

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[Kid]

If you make $20k per month post tax, it’s not going to take you very long to reach the “afford two in cash” benchmark, unless you spend a ton of your income.

Step 1: Pay $5k per month exotic from company cash
2: Become influencer and shoot photos for company with that exotic
3: Book $5k monthly as expense
4: Pay less taxes due to expenses
5: ????
6: Profit!

 

[Raoul Duke]

 

[Primeperiwinkle]

thats me and my youngest.

 

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[Guest-5ty5s4]

What is the best book you've read about E-Commerce that is relevant to 2020?

Specific, actionable information on e-commerce that helped you in your journey*

Not "mindset," not "4HWW," etc.

 

[Kid]

Guys remember:
.....The paaath.... to the ripppp...neess leads through the gymmm....nesss