I saw 37 million options for Citadel, and JP Morgan has between 600 million and a billion ounces of physical silver. Silver is a magnitude of scale larger than anything GME could do. Silver is a cornered market by a handful of large $$$ players.
Ah, makes a lot more sense.
I thought you meant $100 million in direct liquidity or net worth.
Tech Contract makes it a lot more understandable. I used to know a guy (multi millionaire) who had found a way to 'game' the government bid contracts. He only had like 3 people that worked for him and he would bid market rate +10% for any and all government contracts (mostly Federal) nationwide. If he would get the contract (didn't matter the industry he never did the work) he would then sub-contract out the work to a local sub with about 150 pages of stipulations in the contract and scope of work. If he could not get a sub under contract he would pull and escape clause and exercise out of the federal contract.
It was literally a SHAM but it was pretty smart the way he set it up. The only 3 people that worked for him were two accountants and contract coordinator. He did the bidding and contracted out all legal work.
That one was my wife. We got in mid 2019 because she actually used it as part of our health plan and thought it was a great idea for small cold and generalized doctor visits and very simple diagnosis. This was well before COVID and then it skyrocketed, haha. I do think it will be used well after all the COVID bullshit goes away because it makes sense for those super simple diagnosis needed.
Most recently - TSLA, TDOC and NVDA I have been riding for over 18 months, haha! A lot of my other are in long term O&G, some that pay dividends. On the O&G I bought a few months back on the dips. When face-value is down the dividends at least give some consolation, haha.
I thought we had reached 'Peak Level Clown-World' months ago! Boy was I wrong. I feel like the guy telling people 'oil futures will never go under $0 a barrel' - it just keeps getting nuttier.
Attorneys now have the ability to 'deprogram' clients and people who stormed the capital, after told to be peaceful and go home, are going to testify against the person that told them not to do it. HOLY SHITBALLS this is weird.
You hit the nail on the head!
"The victim hedge fund managers" - Before 2020 I would have never thought that would be able to be said in a statement together and now it can, and likely will be used for more bailouts of more fake borrowed future money from a fake monetary system.
Man, sorry to hear about your local job market.
I traded while in college a bit, I was an athlete on scholarship and the team captain/MVP and made $27,000 (with only $3,000 invested) in Sirius satellite radio before the XM merger. So, coming from a not-well-off family and on a full scholarship, then getting a big-screen, PS3/XBOX360 and a nice apartment and stuff, my teammates and many other athletes thought the university was paying me to compete, BWAHAHAHA! I had to show them that I had just luckily stumbled into a few good investments that skyrocketed and had hardly any expenses.
With the kids, we have had ours (all elementary grade) earning with chores, and debiting for the things they want, for a couple years now. It may not be the most optimal way, but they sure value a dollar more when the American Girl Doll is a few weeks/months of chores and extra work, as opposed to mommy and daddy magically having money on a plastic card!
The HVTs and billions that some of these funds and investors play with make the market so different than it used to be. I keep the same old strategy - long-term companies that I think are innovating and will be around 5-10 years from now still as a frontrunner in their industry. Been burned too many times in pharma and 'new tech' bubbles.
I have known people in my position that don't have self-control and they usually 'TANK' their companies or personal fortunes in 'no time' once they feel they have 'made it'.
It's so weird to see someone work so hard and build something viable, then get a little extra $$$ and throw their principles and concepts that got them there to the side and shit it all away. Then again, money is not the root of all evil and most people quote that bible verse incorrectly. It is, "For the love of money is the root of all evil". Once someone is consumed with the love (or lust) of money, they do things they would have never done before.
That's why my wife and I teach our kids to 'use things and love people' since far too many people in this world now 'use people and love things'.
I agree with your assessment, that is why I am always keeping my antennae up, but I don't think he as much CIA as he is anti-CIA. If his contracts were with Space Force (Trump created branch) and NASA (all but dead before the Trump administration) then he could very well be white hat.
The handouts are a red-herring but I would do the same thing in the same situation to better my advancement and outreach. I know it is a slippery slope but I have only dealt with millions in business and small/mid-market strategy with my companies. I have no idea what it is like to be the front-runner in one of the largest industries, with new technologies. I'm sure I wouldn't 'turn down' the funds, haha, even if my intentions were always good and with the 'white hats'.
I'm also fairly certain he, Trump and Space Force are doing more than just taking satellites, comm hardware and trip-loads to the space-station. If he is helping transport the new-net technologies and mesh for Space Force (any of this would be highly classified) then he has to be a 'white hat'.
Space Force is a lot more crucial of a role than most normies would ever know and I think in the next year or two we will see just a smidge of what is really going on. Low earth orbit and satellite mesh communications and security are the wave of the future and will be where wars for information are fought.
In any normal business, that actually had to produce something of value, he would be....
FIRED!
I couldn't even see him being productive in sales, even with the Biden last name and people he knows. He would fuck too much shit up. He is only of value to companies like Burisma and Chinese oligarchs that need complete national policy changed to help them out, and even then they are likely yelling at their walls daily for doing business with him, since their names are getting splattered everywhere.
Oh yeah, they are also creating the 'Streisand Effect' right now and MSM is stuck between a 'rock and a hard place' because it's huge news but is also tanking a lot of their buddies and funding sources at the same time.
I have had a gut feeling for a couple years that Elon Musk was a white hat.
He took the bailout during the recession and then paid all of it back in 2013 ($450 million or so). Plus, during the Obama admin the government had written in stipends and grants to 'green' companies and Tesla was just in a good position to benefit.
He has risked his own fortunes quite a few times, and is just playing the games inside the rules that the others have laid.
However, he hates government overreach, mandates, and financiers and hedge funds. So, that leads me to believe he is a white-hat that used the system that was put in front of him to push his companies forward. It doesn't look like he is uber-involved in lobbying like Jeff Bezos, the Google admin, Facebook and Twitter are.
Perfect credit gives you 'okay' rates and the worse it gets the worse it goes for the rates.
It's in inverse, zero-sum game controlled by the banks/financial institutions.
I have mostly bought everything cash other than houses. I know that not everyone has the ability to do that, but in my 20s I lived like a poor man while making decent money.
Have a low debt/income ratio, keep cards under 20% if possible, have a few reported monthly payments that are revolving and never miss a payment, and it will start to climb.
All three of the banks I use try to give me revolving credit lines and personal loans all the time, however, I rarely ever act on the offer because I don't need it.
Change your habits and it will change a lot more than just your credit. BTW, over a decade ago when I stopped operations of my first company (it was pretty large) my credit was in the low 500s (down from high 700s), it's back up hovering close to 800. It's all possible with time and structured habits.
This ^^^.
I do actually think retail investors are about to get taken for a ride in the silver market, however, I also think silver is grossly undervalued in the same breath.
Why do I think retailers will get taken here in the short term? JP Morgan owns almost a billion ounces of silver bullion and has owned over 600 million for quite a while and has been playing the long-term 'short squeeze' on the silver market. Should silver be $60+ an ounce right now == ABSOLUTELY! Will it get to $60 an ounce in the next few months? Who knows, it is way different than the stock market and the #s are orders of magnitudes higher. What silver should be and what silver actually is at, are two totally different numerics that are not even in the same universe. I know it is weird to think about but it is the fake financial world we live in.