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To be fair, this is how most miners and just about all of REITs operate :sneaky:

Captain's Log: May 10th... I checked my portfolio today and was down quite a bit. I figured something happened in the markets, but didn't see any major news. Crypto and miners were down in a sea of red again though. I also noticed right off the bat that Value Village (SVV) was down over 20%...

Russia defaulted on government bonds. America defaulted on its gold obligations. Both went broke, but some Americans haven't realized that fact yet, as they're in a slowly boiling pot of water, instead of being instantly thrown into it.

It was not that long ago when I was hearing people so sure of themselves that both America and Russia could not and would never do such a thing as default on their debt... unthinkable. Even when the asian crisis was spreading, these types were so confident on trading forums poh-pohing all the...

I stayed out of the Cannabis bubble in Canada many years ago, because one quick look at the evaluations showed how stupidly insane the evaluations were. Basically a repeat of Yahoo.com during the tech-bubble all over again. But now... I decided to pick this one up at the library. Not to invest...

I think it's fair, no? US bonds are not even Triple-AAA rated anymore (and that's official, so don't even try to dispute this fact). And quite honestly, should be regarded as junk-bond status. Even if they are not, let's say they are BBB right now, the drunken sailors in charge are making sure...

I was waiting for this to happen. Surprised it's not lower, but maybe I'm just too negative...

Well, the billionaires already have their nuclear bomb-shelters installed with perpetual supply of oxygen. So it makes sense they got other worries than the Kremlin's threats. :sneaky:

Just like fewer and fewer are interested in buying into US ponzi Debt. Japan is stuck as the largest bagholder now.

You just described gold. Thanks. After thousands of years, you've proved all other generations to be 'dumb' in this regard. Waiting to see you sitting as chairman at an investment bank in 6 months...

Ironically, CZ tried every trick in the book to buy up Canadian crypto licenses in Canada, but got stonewalled at every step. He did manage to raise the price of exchanges that were rumored to be soon bought out though.

And a famous American general once commented: "NUTS"!

You are being obtuse. Fiat banks do this ALL THE TIME. It's nothing new. Come on, the forum is "Elite Traders" here, not "stupid newb trad3rz".

Just like pretty much everything from Fiat to social security...

I also started this book today. Picked it up at a thrift store, as I admit I'm not an expert on Investment Banking. This is geared for those prepping for their interviews, and others planning into that career. I'm only 50 pages in, but like this so far a lot better than I thought I would. It...

Now you see why the US is looking more and more like Trudeau's woke-broke Canada...

My regret is I got talked out of going long around the $20 marker. Would have been a great play. Still going up! Close to $50 now.

Well that's not quite correct. I have had WS since the beginning (and used their tax platform well before the acquisition of Simpletax). WS always had a statement and also blocked purchase of numerous penny-stocks and other dead-dogs in that category. That said, there is some leeway here in...

One of these years, I'll get around to completing Schwager's set... As for now, I just finished this one. Though, half of it is better said in Charles Mackay's classic.

There is a very high chance that a bill will be proposed to ban Bitcoin due to the fact the Russian Federation is working on its own government funded bitcoin miners (it's coming). So how does the Western world sanction THAT? This seems to be the new big threat, that honestly is having me...