pardon the BTC commentary. too lazy to find the speech by itself. 'tho still worth the watch.

As a man who lives for a cheap joke, buy BTC today!

IMO they will raise rates. the economy will stall. they will be forced to increase purchases of equities and reduce rates (again). the fed will not let another 2008 happen however they will make the crash that much harder. the house of cards has been built for a long time over many administrations and its waay past the point of any attempt at recovery. delaying the pain will make the pain even worse but when it comes crashing down USD will be gone forever and alternatives (like metals and yes BTC) will reign. you will have time though as petrodollar is king at this point other nations will fall before us. make your time.

Bob, please read this carefully. I know we fuck around a lot here, but I 100% honestly don't want to see you get hurt financially.

Obviously, if you believe in TSLA, I understand you putting your money where your mouth is (full disclosure: I'm holding POTX and CURLF, so I'm on the same page with what I'm saying on this) but PLEASE don't bet money you don't have on TSLA.

“At 10-times revenues, to give you a 10-year payback (P/E 10, my note), I must pay you 100% of revenues for 10-straight years in dividends. That assumes I can get that by my shareholders. It also assumes I have zero cost of goods sold, which is very hard for a computer company.

That assumes zero expenses, which is hard with 39,000 employees. That assumes I pay no taxes, which is very hard. And that expects you pay no taxes on your dividends, which is kind of illegal. And that assumes with zero R&D for the next 10-years, I can maintain the current revenue run rate.

Now, having done that, would any of you like to buy my stock at $64? Do you realize how ridiculous those underlying assumptions are? You don’t need any transparency. You don’t need any footnotes.

What were you thinking?”

-- Scott McNealy was the CEO of Sun Microsystems
2002

At the peak of the Dot-Com, roughly 30 stocks in the NASDAQ 100 traded above 10 P/E. Today ALL stocks in the DAQ do: the average P/E is ~25.5.

TSLA is at a P/E of 175.

There is no American economy. There hasn't been since since October 3 of 2008. Things got catastrophically worse on September 17th of 2019 when the repo market came within hours of completely locking up in a catastrophe that would have made AIG look like a rounding error. The Fed was forced to firehose astronomical amounts of money into the system to keep this from happening and this was before Covid.

In Jan of 2021, there was $2.6 TRILLION in Zombie Debt out there. That's $2.6 TRILLION on the verge of default at 2021 interest rates. The Fed is now in a horrific position: raise rates and watch massive defaults explode like financial nukes, or keep rates steady and watch inflation implode the economy.

People don't understand how bad this is and how much worse it can get. If the Fed has to raise rates by 500 BP -- and Christ fucking help us if they do -- the first order defaults will be the worst in Capitalist history and the second and third order effects could very well be the nightmare scenario we came within 36 hours of in 2008.

Save your money, Bob. Cash is king. And fuck BTC.

Not with a P/E of ~370 it won't. A P/E of 370 means TSLA would have to make 370x current earnings to be even remotely close to its current valuation. TSLA can't sell regulatory credits and rely on BTC profit forever; at some point they have to make a profit with their core business.

Protip: they won't because they're going to be eaten alive by the number of other electric car manufacturers coming online who DO know how to run a profitable business.

TSLA is pure BBB- speculative garbage and as soon as the Fed stops holding back the enormous lake of shit that is the US economy right now, reality WILL assert itself, just like in 2000 and 2008.

Just cough up some BTC or Dogecoin and Elon himself will fix it!

I have a friend who is very, very, VERY rich. Years ago, he married a total psycho chick, realized his mistake, and bailed out of that marriage a couple of years later.

He told me later that after the dust settled, he did the math and it worked out his marriage cost him about $2,500 an -HOUR- in immediate losses. When he worked out the long term costs in investment appreciation, compounded interests, real estate values and a slew of other "sundry" losses that alone were worth more than we'll see in 10 lifetimes, he would have needed to add another zero.

It gets better/worse.

He plays online poker and is very good at it. Just for fun, he went into business with one of the early online poker site's founders and helped write the security for the site. Because of a bunch of legal shit, he was paid in BTC, which was selling for about $50 a "coin" then. His now-wife freaked the fuck out and made him sell it. His estimate of THAT little loss, according to him (he told me this when BTC was at around $40k) would have been enough to offset his divorce settlement by a factor of about 2.5.

Do the math.

Watch my first link (start halfway through to skip to BtC; @Mobius as well) and read this.

Essentially you're mistaken with this assertion.

@rebuilder : FYI

@schlub : this was the first crypto currency to get the execution right; therein a very original idea.



Back in my hole.

The thumbnail image for this video has been updated - thumbnail added by oritteropo.

The thumbnail image for this video has been updated - thumbnail added by eric3579.

>> ^Sagemind:

Can someone explain what we are watching happen. I know nothing about what Bitcoin is.


Bitcoins are a decentralized cryptographic digital cash system. The specifics are complicated, but in practice it is non-counterfeitable, low transaction cost, online money.

The website Mt.Gox was the first and largest place to trade bitcoins for dollars.

Mt.Gox got too big too fast, and never bothered to properly security audit their site, as a result there were a number of compromised accounts. This allowed a hacker to go in and sell bitcoins from the compromised accounts at $0.01 each, thereby driving down the price, and allowing the hacker, and anybody else who was paying attention, to buy them up at $0.01, when they are functionally worth between $10-20.

We are watching a live feed of these hacker sell off transactions taking place on the exchange, which is basically an almost unregulated stock market that only trades in bitcoins(BTC).

>> ^KnivesOut:

So did the entire market take a hit because one exchange as compromised?
On another note, is now the time to buy bitcoins?


Yes, but not much.

Mt.Gox is was the primary exchange with >95% of all BTC/USD trades taking place there. So it going down means:

1) All the active balances in USD & BTC are locked in Mt.Gox database until they reactivate.
2) If Mt.Gox decides that they can't cover their accounts they may go bankrupt, which means all the money in point #1 goes into legal limbo.
3) All trading has to move to a different exchange, probably tradehill.
4) Liquidity just disappeared for about 24hrs, which happens at least once a week in most markets, but BTC is accustomed to 24/7

Tradehill is already hopping, right now it's back at 15USD/BTC

*doublepromote

Watching a news broadcast on Euronews, something struck me, this isn't simply an operation to secure western influienced lands by Russian forces. It represents a political and strategic reclamation of Baku-Tbilisi-Ceyhan pipeline and the route of the future Trans-Caspian Oil pipeline.

Post collapse of the Soviet union the only oil routes for central Asian and Caspian states lead directly into Russia, giving the Russians a large degree of political and strategic influence over the energy flow into Europe.

There have been countless proposals to circumvent it, the BTC pipeline and the Trans-Caspian are routes that cross Georgia and through Turkey. Other routes use Afghanistan such as the Trans-Afghanistan pipeline.

Seemingly this is a false flag operation to dominate the last really untapped reserves of oil and natural gas found in Central Asia.