Not a bad read, but there's a critical flaw in his reasoning, and it's because u/Criand isn't making a critical connection to the Election nor to the Holocough.
They are panicking not because COVID gave them an uppercut, but because it's no longer giving us a punch. They thought they had more time, but DJT threw a monkeywrench in the works.
Let me explain. Permanent Capital holders bet against everything. They expected the economy to be closed for two or three years, not less than one. The grand plan required a lot of time to develop.
They expected all of us to be living off the government tit.
They expected foreclosures and businesses to fail at a consistent rate and that they'd have the capital to buy out those assets.
They expected a FED bailout to help them buy up everything of value that we'd be too poor to hold onto, making a buck from every misfortune.
Now they've been caught with their pants down, grossly overleveraged, needing to unwind bad bets, banks flush with cash they don't want to hold, and a FED that's being told to destroy liquidity to tamp inflation- the opposite of what was supposed to happen.
Don't forget who caused the plan to break down. Trump knew. Apes got lucky finding the fuckery, but when Trump got the economy back on track, he sabotaged their plan- making this possible.
Thanks for the better link fren. Indeed this is the one puzzle piece the folks at superstonk are missing to get the whole picture, your well written comment is why I wanted to post this on here.
The part that Plebbit really needs to get through their head:
The people in charge, including Gary Gensler, are not your friends.
...and...
He was just one of many Wall Street executives to eventually make it into Government positions. Including the infamous Gary Gensler, the current SEC chairman, who helped block derivative market regulations.
Yep, they're starting to get closer. Think this DD made the top or close to on the all page on plebbit. Hopefully it's granting a few more wrinkles to some of the denizens there.
This is deep and wide and well beyond my understanding. It is well put together and explained well and I did read it but as an average person who does not understand the markets, I will need to read again and again to grasp. The big guys are going to lose bigly - that much I was able to discern.
My selfish question is what effect will there be on pension plans and my savings plans and IRA's when the shit hits the fan? I thought I did everything right - paid my debts, put money away, lived within my means and raised self sufficient kids. Is there anything I can do to mitigate my losses as a retired public employee? Or will my pension be gone?
I've no idea how pensions would suffer. It does appear that the rich are putting money into physical assets at the moment though if it helps (I wouldn't be able to advise on this though, further research required)
Thanks for the answer. I am not rich but have all the physical assets I need to survive, life would just be much different without that check I worked every day for!
Most passive pensions and retirement funds are invested in the markets, later on in maturity usually shift to T-bills and Government bonds. Some pension funds (like TIAA, which handles something like 50% of non-Federal government retirement funds) are really proactive (actually into GME at this point) and should do well. Some early lifcycle funds are even heavy on crypto.
I think the ones invested heavily in the wider market (old-school index funds) are in trouble. The other ones are relatively safe, but might not keep pace with inflation.
I'm not giving advice, but I'll tell you what I did, personally. I had one retirement plan that was limited to a handful of boomer index funds (tracking Dow, S&P 500, etc.). I moved it all out to another broker under an IRA account that allowed for self-directed investment. That all went into precious metals. I'm confident that will keep my balance safe until the market bottoms out and I buy back in for the upswing.
I understand pensions are a bit different, but at least review (if you can) where your money's sitting and evaluate if you need to adjust (if even possible under your plan).
This is very helpful. Thank you for the info. I will start digging. I know our state does allow for an option to take a lump sum during some window of time annually, I just need to start with finding out where they have the fund invested right now. Again, many thanks for your time.
Link without all the reddit UI BS, trackers and ads:
https://libredd.it/r/Superstonk/comments/o0scoy/the_bigger_short_how_2008_is_repeating_at_a_much/
Not a bad read, but there's a critical flaw in his reasoning, and it's because u/Criand isn't making a critical connection to the Election nor to the Holocough.
They are panicking not because COVID gave them an uppercut, but because it's no longer giving us a punch. They thought they had more time, but DJT threw a monkeywrench in the works.
Let me explain. Permanent Capital holders bet against everything. They expected the economy to be closed for two or three years, not less than one. The grand plan required a lot of time to develop. They expected all of us to be living off the government tit. They expected foreclosures and businesses to fail at a consistent rate and that they'd have the capital to buy out those assets.
They expected a FED bailout to help them buy up everything of value that we'd be too poor to hold onto, making a buck from every misfortune.
Now they've been caught with their pants down, grossly overleveraged, needing to unwind bad bets, banks flush with cash they don't want to hold, and a FED that's being told to destroy liquidity to tamp inflation- the opposite of what was supposed to happen.
Don't forget who caused the plan to break down. Trump knew. Apes got lucky finding the fuckery, but when Trump got the economy back on track, he sabotaged their plan- making this possible.
X22 has said similarly that COVID was meant to be the Central Banks cover story but Trump cut the story short.
Thanks for the better link fren. Indeed this is the one puzzle piece the folks at superstonk are missing to get the whole picture, your well written comment is why I wanted to post this on here.
Holocough! Very good sir.
Exactly spot on fren!
Where he went wrong though was about Covid. They knew it was coming.
Someone show them the video of the presentation in 2018 on how to profit during a pandemic.
The part that Plebbit really needs to get through their head:
...and...
Yep, they're starting to get closer. Think this DD made the top or close to on the all page on plebbit. Hopefully it's granting a few more wrinkles to some of the denizens there.
This is deep and wide and well beyond my understanding. It is well put together and explained well and I did read it but as an average person who does not understand the markets, I will need to read again and again to grasp. The big guys are going to lose bigly - that much I was able to discern.
My selfish question is what effect will there be on pension plans and my savings plans and IRA's when the shit hits the fan? I thought I did everything right - paid my debts, put money away, lived within my means and raised self sufficient kids. Is there anything I can do to mitigate my losses as a retired public employee? Or will my pension be gone?
I've no idea how pensions would suffer. It does appear that the rich are putting money into physical assets at the moment though if it helps (I wouldn't be able to advise on this though, further research required)
Thanks for the answer. I am not rich but have all the physical assets I need to survive, life would just be much different without that check I worked every day for!
Most passive pensions and retirement funds are invested in the markets, later on in maturity usually shift to T-bills and Government bonds. Some pension funds (like TIAA, which handles something like 50% of non-Federal government retirement funds) are really proactive (actually into GME at this point) and should do well. Some early lifcycle funds are even heavy on crypto.
I think the ones invested heavily in the wider market (old-school index funds) are in trouble. The other ones are relatively safe, but might not keep pace with inflation.
I'm not giving advice, but I'll tell you what I did, personally. I had one retirement plan that was limited to a handful of boomer index funds (tracking Dow, S&P 500, etc.). I moved it all out to another broker under an IRA account that allowed for self-directed investment. That all went into precious metals. I'm confident that will keep my balance safe until the market bottoms out and I buy back in for the upswing. I understand pensions are a bit different, but at least review (if you can) where your money's sitting and evaluate if you need to adjust (if even possible under your plan).
This is very helpful. Thank you for the info. I will start digging. I know our state does allow for an option to take a lump sum during some window of time annually, I just need to start with finding out where they have the fund invested right now. Again, many thanks for your time.