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noims (Member Profile)

siftbot says...

Congratulations! Your video, Bret Hart teaching nerds a lesson, has reached the #1 spot in the current Top 15 New Videos listing. This is a very difficult thing to accomplish but you managed to pull it off. For your contribution you have been awarded 2 Power Points.

This achievement has earned you your "Golden One" Level 17 Badge!

noims (Member Profile)

Why I’m ALL-IN On Tesla Stock

bobknight33 says...

Duly noted.

Sift animosity aside, given and taken. I truly desire all to succeed.

Your statements about the economy as a whole applies to all, whether they diversify or solely own just 3 stocks or less.


I don't fear a crash of 87 or 2008. But your are right the ground beneath us is shaking. Having belief in our leaders and FED to do the the right thing is a is half harted. Even if they choose a proper corrective path it will be a bumpy ride.



You are right I am forward thinking and willing to take a few hard bumps over the next 10 years. I believe the upside is worth this risk.


I don't want a japan crash that took 25+ years to recover, or a 1929 crash which took 10 years and war to recover.

Every hard crash recovers, eventually.

If things go bad I will exit. Granted no one has perfect timing and neither do I. Will I loose 20 30% probably.

I do watch markets daily.


I'm 60 with 2 years left on the house mortgage. I will have a GE pension and hopefully some SS. Granted inflation can eat that 4K/month away but it will still help. Also I would continue to work.

And if that's not enough at least the house will be paid for and I will eat PB and J. or rice and beans.

StukaFox said:

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.

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60 teens vandalizing and looting Walgreens

newtboy says...

I don't think he's mocking the stereotype, he's spreading it under the guise of humor. If Hart did that for a laugh, you can be certain he would then call out white people in the front row for laughing.
Joking about your own groups foibles is a form of owning up to them, joking about another's group's perceived foibles is denigration.

BSR said:

Well... no, it's funny also. If a black comedian like Kevin Hart said the same thing it would be funny. It's a stereotype that needs to be mocked. If only black people are allowed to mock black stereotypes, isn't that racist also.

As far as stealing food goes, if you are making the case that food is being taken to fight hunger, and compassion is in order, I don't think that's the case here. Its being taken just the same anything else is, regardless. A grabber is no different than thief in this scenario. You break it, you buy it.

Black or white, this is just mob mentality and anyone who participates knows what the consequences are. If any. If nothing else, the store has learned something hopefully.

As far as what @bobknight posted, he did push the "jokingly says" button so I can choose to believe he mocks the very stereotype that was posted. And I did say it was wrong too.

60 teens vandalizing and looting Walgreens

BSR says...

Well... no, it's funny also. If a black comedian like Kevin Hart said the same thing it would be funny. It's a stereotype that needs to be mocked. If only black people are allowed to mock black stereotypes, isn't that racist also.

As far as stealing food goes, if you are making the case that food is being taken to fight hunger, and compassion is in order, I don't think that's the case here. Its being taken just the same anything else is, regardless. A grabber is no different than a vandal in this scenario. You break it or steal it, you buy it.

Black or white, this is just mob mentality and anyone who participates knows what the consequences are. If any. If nothing else, the store has learned something hopefully.

As far as what @bobknight posted, he did push the "jokingly says" button so I can choose to believe he mocks the very stereotype that was posted. And I did say it was wrong too.

JiggaJonson said:

No, it's just wrong - the job applications are online only, and if you actually watch what they're stealing, it's almost entirely food.

And actually, most of them don't steal anything, they're there to vandalize, not for theft.

Nice Rack

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Nephelimdream (Member Profile)

Kevin Hart & Louis CK Mess with Each Other

blacklotus90 (Member Profile)

Krokodil - Inside a cookhouse

Asmo says...

I do not mean to be rude, but the reason why you're feeling no empathy is because you assume that drug addiction is a choice that people make, turning away from better and brighter options and choosing the short road to an early death.

It isn't. It's generally a result of inability to deal with life, a job, trauma from their past etc. It is a result of social systems which allow people to sink to the point they need an escape. Look at any mental ward, most of the inmates (if allowed) will smoke. Same with various anon groups, smoking/coffee etc are almost encouraged as an alternate addiction to the one that will put them in a grave far earlier.

Addiction is a crutch, a way of escaping from something else.

The work by Carl Hart on addiction provides a lot of proof that when given social interaction and ways to reintegrate with society, addicts can and do have the fortitude to get off drugs. And that most drug addicts are fully functional, and drugs are a way for them to cope with the stresses or lack of control in their life.

http://www.drcarlhart.com/

To fix a problem, you first have to understand it. That does not require sympathy or empathy. That is basic science and it's based on evidence. That the DEA is freaking out over krokodil is because they don't understand that drug abuse in the US is a factor of the social situation people find themselves in. At least for the classes of people that will use a cheap and dangerous drug (not to put too fine a point on it, predominately black). It would not be unexpected that because of the supposed danger, users found with krokodil may end up with far harsher sentences than heroin users. Soaring African-American incarceration rates again?

Funny how we never see videos like this over oxycodone or cocaine abusers, or housewifes who will pop whatever prescription they can get their hands on. They are no less addicted, but it's a nice, clean, acceptable addiction that allows them to stumble on through life. Is that EIA?

MilkmanDan said:

I can't invoke channels, but I propose EIA.

And I know this is terrible, but frankly if there is any segment of the global population that we can collectively benefit from "evolving away from", it is idiots like this that inject shit like Krokodil into themselves until they are removed from the gene pool.

Very hard for me to feel any empathy for such people. Maybe I'd feel differently if I personally knew any addicts ... but I'm not sure even that would help.

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nock (Member Profile)



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