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Why I’m ALL-IN On Tesla Stock

newtboy says...

A German mark had value….until it didn’t. Your opinion of “fiat money” isn’t universal by any stretch. You say it’s universally better. I wholeheartedly disagree, and point to Germany and Venezuela as proof. They aren’t outliers either, (looking at Africa).

Gold is useful and valuable. Digital footprints aren’t. Paper notes aren’t. Printed circuits, connectors, anti oxidation, actual physical money, jewelry, etc. gold has intrinsic value, a dollar bill has about 13210 joules, so its intrinsic worth is about 1 small 1 gram stick as kindling and little more….no matter if it’s a $1 or $500 bill or a check for billions. Again, see Germany, where bills were more valuable as firewood than money.

This deflation idea again. Give me 3 examples of deflation harming/ending a nation on the gold standard please, I’ve never heard of it happening. (Edit: as far as I can find, I’m no economics professor, for the most part the gold standard was abandoned worldwide in the early 1930’s and the last remnants removed in the early 70’s by Nixon)

Explain how unsecured notes guard against speculation….don’t just claim it. I don’t see it, people made a mint short selling Venezuelan (and other failed) dollars….speculating they would crash….they did. What?

GDP is the metric that imparts value to unsecured notes offered by countries.

I think you had a mini stroke, the paragraph starting USofA is a word salad with no meaning.

Name 3. I named Germany post ww1….they didn’t get to borrow or ignore their debts. What are you talking about?

So, the only ones that don’t/can’t borrow are all the ones that need to.

Pretending basing your dollar on Bitcoin is the same as basing it on gold is outrageous idiotic bullshit. Just nonsense. Utterly moronic and pure fantasy. Don’t try moving the goalposts, that’s what you said.

Yes, the fed will take gold. They don’t take Bitcoin, do they? How about shells? Pebbles?

Jesus, you just want to argue. You’re rambling, switching positions and going off on tangents.
It’s not about whether someone might accept it, it’s about whether it’s universally accepted at one value and about holding its accepted long term value. People once gladly accepted beanie babies as payment….stupid people.
Arcata Ca printed up Arcata dollars….you could get them cheap, businesses took them. Wanna put your nest egg into them? You say that’s good money, as good as dollars. I’ll sell them to you for gold, and let’s see who’s doing better in 10 years. Or I’ll sell you pebbles for gold. Any currency you want, I’ll sell you for gold. How’s that working with pebbles or shells? Can you buy currency with them?

It has everything to do with how much it’s worth. Stop jumping subjects because your point is failing to convince. An economy based on pebbles fails because their neighbors don’t value pebbles, but if their pebbles are gold, they succeed because gold is valued universally.

What are you talking about, the gold standard’s ability to keep up? Huh?! No keep up necessary, no slow down required, gold trades exactly as fast as everything else. What is this nonsense?!?

You mean you can’t overspend and go deep into debt?! And that’s bad?! In your opinion, not many economists….and what makes you think you can’t borrow against gold? Secured loans are easier and cheaper to come by. WHAT?!?

Yes, unsecured paper money can just be printed forever, you CAN “sell the universe”. (Or sell dollars who’s overall value is based on your country’s value) over and over, then print more and sell 9/10 again, print more, sell again. Eventually that money is worth less than it costs to print, and your creditors get paid off in dollars worth a tiny fraction of what they lent you. Not if it’s backed with gold.

Miracle cure?!? Quote it. I think you misread. Secured notes being better than unsecured notes is not “miracle cure” or perfection, it’s just measurably better, safer, and more stable. No system is perfect.

vil said:

A dollar has value if you can buy shit for a dollar.

Gold likewise has no exchange value if you cant exchange it for goods and services. Its rare and chemically stable and good for memorial coins, has many technical uses and looks cute, but otherwise it hardly matters what symbol for money you choose. There is 200 years of experience with fiat money and gold and silver standards and fiat money has been better, not just usually better or better in some scenario, universally better.

Symbolic money is practical and facilitates quicker turn around prevents deflation makes speculative runs on currency harder and smoothes the economic bumps in the road in general.

GDP is just a metric. Not a bad one but not the actual goal.

USofA is teh most developed. Should have used growing. Deflation in an economy that is growing kills growth.

Restarting countries not only get to ignore their debts, they immediatelly start borrowing again.

The only countries that dont borrow are countries no-one will lend to and countries so rich in some silly resource they can float high in the international currency system without borrowing. Borrowing is good for bussiness.

What is outrageous idiotic bullshit? Believing pegging the value of your paper note to some hoarded luxury makes it a better representation of the mean value of goods and services bought and sold? I could do without gold except for the jacks on my audio cables (just kidding). It does not matter what I exchange for food and gas, if it gets me food and gas, its good money.

Money is what you can pay taxes with. Do they take gold?

If you insist your dollar has the value of some weight of gold how does that influence the willingness of someone else to sell you shit? Unless they specifically intend to buy gold at a fixed price they dont care. They are going to use your dolar to buy some other shit from someone else. So if you take the actual currency out of the equation, when you decide on buying and selling shit you are intuitively comparing that decision with all the other decisions about buying and sellin that you know of. The currency is just a good way to count the measure of usefullness of a product or service and compare among many. Pebbles, bottletops, dollars, gold, pearls, all just a number.

A dollar could be backed by gold or it could not, this has zero impact on the transactions made. What matters is how many transactions are made, at what value, and how much money is available to the entire marketplace in a given period of time. Transactions quickly pass the ability of a gold standard to keep up. If you want a gold standard you have to slow transactions down because you dont have the money for them.

This is why markets need some regulation, otherwise someone might sell the universe twice and then default on one. But a gold standard, at least the type of gold standard I believe was talked about in this thread as a miracle cure, would be too limiting.

Caught in the middle of a rock fall

spawnflagger says...

you'd think with such a high incident rate, they would come up with a safer route/solution? even a large metal shield they could crawl under seems like a no-brainer. like a turtle shell - could tie it to that rope and send it back over to the next climber.

maybe the local emergency-helicopter-pilot economy depends on these "thrill seekers" ?

bobknight33 (Member Profile)

newtboy says...

So, you think there should be new regulations put on oil production companies so they don’t raise prices? Or are you calling for the full nationalization of the oil and gas industry? You must be, because for it to be Biden’s fault, he must control it somehow. I wonder, do you think he sets oil prices? Production schedules? Supply or demand? Controls OPEC or Russia?
Biden released oil reserves to mitigate the price gouging (didn’t work), but without nationalizing oil and gas, there’s little more he could do (maybe threaten to halt all new drilling permits until those already issued are used, but good luck). You would pretend cancelling Keystone XL raised prices, it wasn’t operational yet.

Just ask Texas how privatization and deregulation is working for them. Analysts say they aren’t better prepared for extreme weather than last year because there’s no requirement for them to upgrade, so statewide power outages and multiple deaths can be expected, and the hits to the economy that come with shutting the state down for weeks.

The largest oil and gas companies made a combined $174bn in profits in the first nine months of the year as gasoline prices climbed in the US.
Exxon, Chevron, Shell and BP among group of 24 who resisted calls to increase production but doled out shareholder dividends and bought back stock.
The oil and gas industry has fought Joe Biden’s attempts to pause new drilling permits on federal land, despite its unwillingness to expand operations in order to reap the returns of costlier oil and the fact the industry currently sits on 14m acres of already leased land that isn’t being used, an area about double the size of Massachusetts.
“It’s not the government that is banning them from drilling more,” said Pavel Molchanov, an analyst at Raymond James. “It’s pressure from their shareholders.”


Soooooo…..nationalize? Gas in Venezuela is $.12 a gallon. If not, blame capitalism, not Biden, for your “high” gas price. (Try gas prices in Europe where gas isn’t subsidized, now those are high gas prices).

bobknight33 said:

Gas was at least a buck less. Thanks Joe Biden

bobknight33 (Member Profile)

newtboy says...

Are you aware that most Republicans in DC are now legally barred from running for office under the constitution?

14th amendment clause 3- No person shall be a Senator or Representative in Congress, or elector of President and Vice President, or hold any office, civil or military, under the United States, or under any State, who, having previously taken an oath, as a member of Congress, or as an officer of the United States, or as a member of any State legislature, or as an executive or judicial officer of any State, to support the Constitution of the United States, shall have engaged in insurrection or rebellion against the same, or given aid or comfort to the enemies thereof. But Congress may by a vote of two-thirds of each House, remove such disability.

Now you understand why all Republicans voted against investigating The Jan 6 insurrection, the rebellion against the election. Sadly for them, that act is giving aid and comfort to the enemies of the state, so now they don’t even have to be implicated directly, their vote to not investigate invalidates them as candidates. Expect this to come up against Green next year.

Uh oh….the FEC, the election regulatory agency that Trump intentionally under staffed to the point that it couldn’t start an investigation much less conduct one has now been ordered to investigate the Trump campaign and the NRA that used shell companies to give Trump $25 million in 2016, a massive campaign donation limit violation, and used those shell companies to coordinate with the Trump campaign (and many other Republicans). Apparently this case was submitted to them years ago, but they didn’t have the legally required number of appointees to operate, and the few they had were Trump appointees not interested in investigating any charges against Republicans with a backlog of over 450 cases…so the FEC did nothing. Now they have been ordered by a judge to start the investigation in 30 days. Not going to go well for your people, they all played fast and loose under Trump, and there’s a new sheriff in town now.

SAVE TOOL

Louis opens new Macbook Air, immediately loses mind.

spawnflagger says...

I guess Louis has never seen the inside of a server. No server CPUs have fans attached, but instead rely on other fans inside the chassis. Probably Apple should have made that small heatsink out of copper, but were trying to save money instead.

Apple deserves to be railed against though - recent years they treat their laptops as throwaway like phones. If you have one, make sure you’re religiously doing backups and bought the AppleCare warranty. After that expires, be ready to shell out another $1200+

Rheinmetall Air Defence

Dog Plays Shell Game

Khufu says...

The 'shell' with the treat might as well be bright red. that dog can smell the treat just as clearly as we could notice one shell was red. Try this with a rock and see how well this little show-off does.

Mordhaus (Member Profile)

Doc Rivers

Mordhaus says...

I would go hunting for the videos, but Biden has already stated that he fully plans to empower Beto to be his gun control 'czar'. Beto has already said that he absolutely is coming for "our" guns. He plans a forced turn in or buyback of all assault style weapons, presumably those also covered by laws that allow them under federal tax stamps (full auto).

In addition, Biden lists the following on his website as his plans:

1. Hold gun manufacturers accountable. In 2005, then-Senator Biden voted against the Protection of Lawful Commerce in Arms Act, but gun manufacturers successfully lobbied Congress to secure its passage. This law protects these manufacturers from being held civilly liable for their products – a protection granted to no other industry. Biden will prioritize repealing this protection. (Only this is misleading. Do shoe manufacturers get sued if you kick someone in the face? Do knife manufacturers get sued if you stab someone? Do car manufacturers get sued when you get into an accident? No and neither do most other manufacturers. Putting this in place means that any time a gun is used in a crime, they can try to sue the manufacturer of that gun into non-existence. It doesn't even have to be an 'assault' weapon, any gun manufacturer is at risk. The only thing that wouldn't count is blackpowder guns since they aren't classed as firearms.)

2. Ban the manufacture and sale of assault weapons and high-capacity magazines. Federal law prevents hunters from hunting migratory game birds with more than three shells in their shotgun. That means our federal law does more to protect ducks than children. It’s wrong. Joe Biden will enact legislation to once again ban assault weapons. This time, the bans will be designed based on lessons learned from the 1994 bans. For example, the ban on assault weapons will be designed to prevent manufacturers from circumventing the law by making minor changes that don’t limit the weapon’s lethality. While working to pass this legislation, Biden will also use his executive authority to ban the importation of assault weapons. (So this would be a perma ban on assault weapons and would also anticipate changes to circumvent the law. This would be the assault ban of 1994 on steroids.)

3. Regulate possession of existing assault weapons under the National Firearms Act. Currently, the National Firearms Act requires individuals possessing machine-guns, silencers, and short-barreled rifles to undergo a background check and register those weapons with the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF). Due to these requirements, such weapons are rarely used in crimes. As president, Biden will pursue legislation to regulate possession of existing assault weapons under the National Firearms Act. (So even if he doesn't get Beto to push through a buy back, he can force owners of assault rifles to be subject to the EXTREMELY restrictive NFA. Not only that, but it's expensive and would be a tax on gun owners yearly.)

4. Buy back the assault weapons and high-capacity magazines already in our communities. Biden will also institute a program to buy back weapons of war currently on our streets. This will give individuals who now possess assault weapons or high-capacity magazines two options: sell the weapons to the government, or register them under the National Firearms Act. (Covered this already. But if this does go through, you likely won't be seeing me on here anymore as it will be a cold day in hell before I surrender my guns or pay the government to be allowed to own them.)

5. Reduce stockpiling of weapons. In order to reduce the stockpiling of firearms, Biden supports legislation restricting the number of firearms an individual may purchase per month to one. (Once you get this through, it is far easier to get legislation passed to cap how many guns a person can own total. Fuck that.)

6. Require background checks for all gun sales. Today, an estimated 1 in 5 firearms are sold or transferred without a background check. Biden will enact universal background check legislation, requiring a background check for all gun sales with very limited exceptions, such as gifts between close family members. This will close the so-called “gun show and online sales loophole” that the Obama-Biden Administration narrowed, but which cannot be fully closed by executive action alone. (I can deal with this, just means you need to go through an FFL.)

7. Reinstate the Obama-Biden policy to keep guns out of the hands of certain people unable to manage their affairs for mental reasons, which President Trump reversed. (Not 100% on this one, but it isn't a deal breaker)

8. Enact legislation prohibiting an individual “who has been convicted of a misdemeanor hate crime, or received an enhanced sentence for a misdemeanor because of hate or bias in its commission” from purchasing or possessing a firearm. (Felony yes, but that already exists. Misdemeanor, fuck no.)

9. Close the “Charleston loophole.” (yeah, no problem with this one)

10. End the online sale of firearms and ammunitions. Biden will enact legislation to prohibit all online sales of firearms, ammunition, kits, and gun parts. (So if I want to build another AR15 I can't? Fuck that. You still have to get the primary receiver through or shipped to an FFL. Which means a background check every single time.)

11. Create an effective program to ensure individuals who become prohibited from possessing firearms relinquish their weapons. (I would be for this if it wasn't for the fact that it is one step away from the government outlawing guns. Once this mechanism is in place at a federal level, all that means is you are one vote away from having your guns seized.)

12. Incentivize state “extreme risk” laws. Extreme risk laws, also called “red flag” laws, enable family members or law enforcement officials to temporarily remove an individual’s access to firearms when that individual is in crisis and poses a danger to themselves or others. (Sounds good, but nobody is willing to state the guidelines that the family or LEO will have to follow. That means that it is completely up to family members and LEO's to decide what constitutes a 'crisis'. Bet you a lot of LEO's in protest states would red flag most protesters immediately if this law existed now in all states.)

13. Give states incentives to set up gun licensing programs. (This is above and beyond the federal checks. This would mean any gun owner or potential owner would have to maintain and pay for a separate gun license. Also, it allows states and locales to decide what constitutes the requirements for the gun license. There are already some states doing this and you have to get permission to even own a gun from the sheriff or other official. Fuck that.)

14. Put America on the path to ensuring that 100% of firearms sold in America are smart guns. (Are you fucking kidding me? What if the battery runs out, what if it gets hacked, or what if the government decides to flip a switch and shut them all down? I'll never agree to this.)

15. Require gun owners to safely store their weapons. Biden will pass legislation requiring firearm owners to store weapons safely in their homes. (IE, locked in a safe or partially disassembled, possibly a combination of both. Why bother having a gun for home defense if it can't be used without spending 5-10 minutes to make it available/functional?)

16. Stop “ghost guns.” (This is just stupid. 3d printed guns might be able to fire a few shots before reaching a critical failure. You can't 3d print a lower or upper receiver that matches a stock one. Yes, they made lowers for the original m-16s, but they swapped from those because they were shit. They broke constantly. And those weren't printed, they were molded from a tougher plastic. A 3d printed one is not nearly as strong. Either way, I don't care too much about this because it is a buzzword for non-gun people. Just like bumpstocks. You can still bump-fire a regular ar-15, the bumpstocks were just training wheels for idiots.)

Now he has a shitload more laws he wants to pass, but most of them I don't care too much about. I won't bother covering all of them. In any case, he is going to go after guns on a scale unseen to this point. If the dems get control of both houses, he will get these laws passed. Then the only hope is that SCOTUS votes them down as unconstitutional.

I won't vote for Trump, but I will be doing my part to maintain a split congress. Which means straight republican ticket other than Trump.

newtboy said:

What anti gun legislation do you mean? All I know of is closing a few loopholes that allow people legally banned from gun ownership to obtain them anyway without background checks. I disagree that that is anti gun legislation, and across the board background checks are something a vast majority think is proper.

There's plenty of misinformation on this topic floating about. Is there other actual legislation in the works, or just rumors of other legislation the left will enact....and only according to the right?

Mark 38 Machine Gun Hits Small Boat Targets

SFOGuy says...

I thought I saw a Phalanx! Lethal R2-D2 for the win!
lol

So, I did a little reading; the Mark 38 has been through several upgrades---from the original 25 mm Bushmaster mount with no weather protection (on a naval ship? really?)---to the streamlined "big brother" mount we see now and 30 mm shells (sudden thought; is there ammunition interchangeability with the A-10's gun and if not; why not? lol)

There is, in fact, a deliberate "off-set" mode now introduced for firing warning shots---I guess you designate the target and set "off-set" so that you put shots across the bow/spray them with water? To avoid macerating a mere obvious idiot as opposed to someone who actually means you harm? Although there's no way to tell if that's what's going on here for sure...

newtboy said:

I've wondered the same thing, I'm guessing because the guidance system is new? It looks like it's only on the newer version 2. I've seen this spread before when they shoot at small boats, so I don't know if it's error or intentional, it might be trying to hit 2' below the water line but the tracer rounds just bounce on water while real 30mm rounds don't? Maybe it's practice to warn off approaching ships without hitting them?

Side note, there actually was a phalanx in the video shooting, but the much slower shots at the boat were the mark 38.

10 Things You Didn't Know About The Matrix

BSR (Member Profile)

JiggaJonson says...

I never denied saying that. I'll say it again if you like.

"You common cry of curs, whose breath I hate
As reek o' th' rotten fens, whose loves I prize
As the dead carcasses of unburied men
That do corrupt my air, I banish you!"
-Shakespeare

"Swerve me? The path to my fixed purpose is laid with iron rails, whereon my soul is grooved to run."
-Herman Melville

"That Edward shall be fearful of his life,
And then, to purge his fear, I'll be thy death.
King Henry and the prince his son are gone:
Clarence, thy turn is next, and then the rest,
Counting myself but bad till I be best."
Shakespeare

"All that most maddens and torments; all that stirs up the lees of things; all truth with malice in it; all that cracks the sinews and cakes the brain; all the subtle demonisms of life and thought; all evil, to crazy Ahab, were visibly personified, and made practically assailable in Moby Dick. He piled upon the whale’s white hump the sum of all the general rage and hate felt by his whole race from Adam down; and then, as if his chest had been a mortar, he burst his hot heart’s shell upon it."
-Herman Melville

“Destruction is a form of creation.”
-Graham Greene


I should probably thank @bobknight33 . Now I know why people cut the tongues out of some men.

BSR said:

No, I've got documented proof that you wrote, and I quote, "FUCK YOU".

A signal that you have accepted their anger as your own. Now you prepare to give it back to them in War Games.

"A strange game. The only winning move is not to play." - War Games

"Violence is the last refuge of the incompetent" - Isaac Asimov

The winner of a fight does not make him the best man.


The round goes to bobby.

Edit: BTW, If we have to "teach those dumb rednecks a lesson again." then I guess we didn't get to the heart of the problem the first time.

Florsheim - One Of The Most Expensive Restorations

eric3579 says...

From yt comment thread..

I'm the owner of these shoes and wanted to add to the overwhelming positive response to the video and restoration. First tho, thank you Steve for dedicating yourself to your craft and being able to make this service available for folks like us. Steve knows my history on these but thought i would share some bits of it as a testament to his skills.

I bought these shoes new in the mid 90's after graduating from college being told from a friend's dad at the time that these would last a career, 25 years later, Steve completed the first resole of them. Ive worn these shoes initially every day to work and eventually reducing the wear to only special occasions knowing that Florsheim didnt make the shoe nor no longer refurbished the V-cleat soles. These shoes have seen every significant event in my career from first days of every new job, job interviews, friends weddings, my own, important meetings, anything that was important these shoes have witnessed it. ive tried to keep the best care of them only hand polishing them myself and having used shoe trees its entire life. i love the finish which is unique to this shoe and can only be had with decades of hand-polishing.

ive kept an eye out for someone that could restore the soles in the way the originals were made for the last 10 years and just recently stumbled across one of Steve's videos and the one that showed his award winning restoration of these shell cordovans down to the nail. from there i watched most of his videos almost like an interview to ensure i was comfortable with letting these shoes be worked on as they are only original from the factory once. we talked over every tiny detail and some months later...here they are. i honestly didnt think i would find anyone that could restore these to original condition.

thank you again Steve...incredible job...and it really didn't matter to me how much it would have cost to restore these. they are priceless....including all the near falls ive had with those nails on slick floors ! i wouldn't have it any other way.

Why Shell's Marketing is so Disgusting

bcglorf says...

@newtboy,

Walking backwards to simplify, my main point is that simply blaming ALL fossil fuel usage on the company providing the fossil fuel is stupid and misleading in the extreme. We don't see millions of people willingly abandoning fossil fuels and living in abject poverty to save the world, instead they are all very willing and eagerly buying them and this video lets all those people off the hook. This video lets everybody keep using fossil fuels, and at the same time pointing the finger at Shell and saying it's all their fault. It's an extremely detrimental piece of disinformation.

"explain what, specifically, I claimed that's not supported by the science."
-Complete collapse of the food web
-Wars over hundreds of millions or billions of refugees
-Loss of most farm land and hundreds of major cities to the sea
-Loss of well over 1/2 the producers of O2
-Eventual clouds of hydrogen sulfide from the ocean covering the land
-Runaway greenhouse cycles making the planet uninhabitable for thousands if not hundreds of thousands or even millions of years



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