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    #13
    Originally posted by checking View Post
    Big pharma has saved my life more than once.
    Please name the drug that instantly cured you.

    Investor tip; The indexes will not see their ATH for at least a decade.

    Crypto is a guaranteed zero but don it think it wont affect you, its now linked up and permanently correlated with the S&P 500.
    Last edited by jazz; Nov 10, 2022, 15:18.

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      #14
      Originally posted by jazz View Post
      Please name the drug that instantly cured you.

      Investor tip; The indexes will not see their ATH for at least a decade.

      Crypto is a guaranteed zero but don it think it wont affect you, its now linked up and permanently correlated with the S&P 500.
      I’d take that bet all day. Ten years is a long time. There is a pile of money on the sidelines waiting for re-entry.

      Not seeing new highs for a decade was suggest less than 2% CAGR for ten years. I May be wrong but to me that’s incredibly unlikely.

      And correlation? Bitcoin down 70%, S and P Down 20%. Sounds like a real carbon copy to me.

      Comment


        #15
        Originally posted by caseih View Post
        sad thing is , it was lots of young people that got burnt
        grandson lost 33% of his hard earned money he worked for all summer in some kinda bitcoin bullshit investment
        i tried to tell him , but he told me real nicely that i was old and out of touch
        feel sorry for him , he worked so hard , oh well , some lessons you just hafta learn for yourselve
        sad tho
        Did he sell the investment? Is that loss realized or just on paper?

        Comment


          #16
          Originally posted by jazz View Post
          Please name the drug that instantly cured you.

          Investor tip; The indexes will not see their ATH for at least a decade.

          Crypto is a guaranteed zero but don it think it wont affect you, its now linked up and permanently correlated with the S&P 500.
          Investor tip:

          Look what happened to world markets yesterday when the USA inflation rate for Oct was announced at 7.7% a drop of .5% from Sept. and below the forecast of 8%.

          There are Trillions of dollars sitting on the side lines just waiting to get back into the markets at the earliest sign of even a slight turn around in the inflation numbers.

          Jazz you probably sold everything Wednesday in sheer panic after Trump's Stole Election candidates were shown that the American people want to protect and maintain their democracy.

          Comment


            #17
            Originally posted by farmboy44 View Post
            Did he sell the investment? Is that loss realized or just on paper?
            I think just on paper so far

            Comment


              #18
              Originally posted by foragefarmer View Post
              There are Trillions of dollars sitting on the side lines just waiting to get back into the markets at the earliest sign of even a slight turn around in the inflation numbers.

              .
              Correction, I have been in cash since August. I know whats coming. The fed fund rate is going to 6%. Mortgage rates will be in the 10% range in the US. Let the dumb money burn up.

              The Ontario Teachers Fund and Quebec Pension Plan had significant crypto holdings. Oops.

              Anyway, the CIA and FBI can track all crypto wallets so you aint hiding anything from the govt. And if there is a crash, it will all be regulated.

              Ask someone to tell you about inflation in the 70s.
              Last edited by jazz; Nov 11, 2022, 09:25.

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                #19
                Originally posted by caseih View Post
                sad thing is , it was lots of young people that got burnt
                grandson lost 33% of his hard earned money he worked for all summer in some kinda bitcoin bullshit investment
                i tried to tell him , but he told me real nicely that i was old and out of touch
                feel sorry for him , he worked so hard , oh well , some lessons you just hafta learn for yourselve
                sad tho
                Been there. I remember politely interjecting in 08 when a young coworker was buying Iraqi currency. 🤣

                Comment


                  #20
                  Originally posted by jazz View Post
                  Correction, I have been in cash since August. I know whats coming. The fed fund rate is going to 6%. Mortgage rates will be in the 10% range in the US. Let the dumb money burn up.

                  The Ontario Teachers Fund and Quebec Pension Plan had significant crypto holdings. Oops.

                  Anyway, the CIA and FBI can track all crypto wallets so you aint hiding anything from the govt. And if there is a crash, it will all be regulated.

                  Ask someone to tell you about inflation in the 70s.
                  Looks like Peter zeihan was correct about the cryptocurrencies all along.

                  We criticize him for getting a lot of details wrong along the way. But in the big picture and long-term, his analysis generally turn out to be uncannily accurate.

                  Comment


                    #21
                    Originally posted by AlbertaFarmer5 View Post
                    Looks like Peter zeihan was correct about the cryptocurrencies all .
                    He was warning about a doubling in the cost of capital like 4 yrs ago. Spot on.

                    He is now ringing the bell about de-globalization.

                    Speaking of owning nothing...

                    Click image for larger version

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                    Last edited by jazz; Nov 11, 2022, 14:22.

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                      #22
                      I thought All the PP supporters on here would have moved everything into Crypto like PP was recommending??

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                        #23
                        Are you having a bad day ?

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                          #24
                          Originally posted by jazz View Post
                          Please name the drug that instantly cured you.

                          Investor tip; The indexes will not see their ATH for at least a decade.

                          Crypto is a guaranteed zero but don it think it wont affect you, its now linked up and permanently correlated with the S&P 500.
                          If you are looking for instant cures, you need to look for a god to lay hands on you.

                          Secondly, pharma doesn't make instant cures. Refer to point one, and good luck. What pharma makes are blocking agents.

                          Sometimes a person gets lucky, and accepts a specialist suggestion on a drug developed for another purpose, and it works brilliantly. Go from board stiff crippling pain, that only gets worse the next day, and the next day... that rules a once thought tough sob's mind for another way out, to a pain free life.

                          I have no expectation that you will understand.

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