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Immaculate Vibes

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Posts posted by Immaculate Vibes

  1. 2 hours ago, DixonHur said:

    @Immaculate Vibes

    I don't agree with all the tactics the Biden administration has proposed, but what is the GOP's plan to lower inflation and fuel prices?

    They helped create this monster, so what are they doing / proposing to fix it?  

    I haven’t seen any stated policies. A good place to start would be to not do things that will worsen fuel shortages and inflation.  
     


     

    46 minutes ago, Anastasis said:

    Nothing at all since inauguration with impacts on energy policy?

    No. Nothing at all. They’ve been totally  supportive of exploration and refining of hydrocarbons.  They’ve just stepped out of the way. 
     

    Also, here’s Biden’s climate czar or whatever the fuck just this past Friday.  
     

    What a fucking nonsensical, dumbfuck statement. We will have to drill for more oil and gas. Period. Not doing so would be suicidal. 
     

    Here you go John. 
     

     

     

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  2. 19 minutes ago, StassneyHorn said:

    Biden single-handedly killed COVID and gave us the best unemployment numbers ever while knocking the deficit down 1.5 trillion.

     

    Yep his economy is really knocking it out of the park. Doing so well, people are “un-retiring”.

     


     

     

    4 minutes ago, Bullneck said:

    Just out of curiosity, do you expect him to take responsibility for something he's not responsible for?

    Trump said he wasn't responsible for Covid, but he bungled any meaningful effort to stop it.  That's what he's referring to.

    Hey, he tweeted it. The buck stops here, or something 

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  3. 3 hours ago, StassneyHorn said:

     

    Two scoops is doing an amazing job and I could not give less of a fuck about him making a two day visit to Israel and SA, to meet with leaders from Kuwait, Bahrain, Egypt, Jordan, Iraq, Oman, Qatar, and the UAE. Try posting a big number next to the defense budget again to get your desired outrage.

    Two scoops is a real problem solver. 
     

    Senator Wyden is the one making the proposal that Biden has signaled support for. 
     

    All while releasing 1M barrels a day from the SPR. Galaxy brain stuff. 

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  4. 13 minutes ago, tbone_ said:

    US monetary policy also affects foreign economies doesn’t it? Even if to a lesser extent…

    In a big way.

    A rapidly strengthening dollar murders emerging market economies. Much of their debt is dollar denominated and it makes it that much harder to pay back. Same thing with oil which is priced in dollars. 
     

    15 minutes ago, Snake Diggity said:

    This part is understated:

    ”There was also bad luck. New Covid variants, Russia’s invasion of Ukraine and China’s Covid-related lockdowns have made a bad situation worse. And high inflation isn’t solely the result of U.S. policy errors: It will end the year at 7.2% in Germany, 8.8% in Britain, 6.1% in Canada, and 6.8% in the U.S., J.P. Morgan projects.”

    Without the Russia-Ukraine and China lockdown, I don’t think inflation would even be a headline.

    Pretty sure it was over 7% before Putin did anything and China locked down.  
     

    Sounds simplistic, but you make your own luck. If we hadn’t primed the pump with vast monetary expansion prior then those shocks don’t have the same impact. 

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  5. 15 hours ago, htown85 said:

    Seems like a good time to buy if you believe in it?

     

    15 hours ago, Acropora said:

    I bought more btc.  Didn't load up as much as I'd have liked before.  

    Yes. Think back to how you wish you had bought more when it was 3-6k.

    No need to rush, it will likely be 20-30k for a while. The key is consistency and staying engaged. 
     

    I’m a broken record but I’d Rec staying with bitcoin. Luna/Terra and now Celsius are going to put even bigger regulatory target on defi and exchanges.  

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  6. 4 hours ago, Goredho said:

    Not wrong.  Freedom from government involvement is desired exactly until the negative side of that coin is revealed.  See QuadrigaCX where people in Canada bought into crypto to avoid things like taxes, but as soon as it became apparent they were the victims of fraud, they begged the Canadian equivalent of the FBI to intervene.

    Edit to add:  Those are the freeloaders I would not want my tax dollars supporting.

    That was Canada, but ok.  
     

    1 hour ago, Bullneck said:

    Bitcoin Plunges As Major Crypto Lender Halts Operations

    Bitcoin and other cryptocurrencies were collapsing in price Monday, after the major crypto lender Celsius halted all withdrawals citing “extreme market conditions.".
    KEN SWEET

    AP logo

    Jun 13, 2022, 12:08 PM EDT
     

    NEW YORK (AP) — Bitcoin and other cryptocurrencies were collapsing in price Monday, after a major crypto lender halted all withdrawals citing “extreme market conditions.”

    It is the second collapse of a part of the cryptocurrency world in the last two months. The stablecoin Terra imploded in early May, erasing tens of billions of dollars in a matter of hours.

    Bitcoin was trading at roughly $22,600 as of midday Monday, down more than 17% in the past day. Ethereum, another widely-followed cryptocurrency, was down more than 20%.

    Yep that exchange had been flagged for a while as possible default risk. These massive dumps are usually caused forced selling/liquidations like this.
     

    In the end exchanges will be regulated like banks. 

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  7. 13 minutes ago, Brisketexan said:

    Correct.

    Because instead of taking any responsibility for their folly in investing in Beanie Babies for Bros, they will instead turn all their blame and rage against "the deep state," "the establishment that doesn't want competition," blah blah blah.

    We've seen this pattern plenty of times already.  We'll see it again here.

    Actually the pattern goes as follows.  
     

    People like me annoyingly thump our chests during the bull market. The bull market ends and things start trending down. Things get pretty quiet. Then there’s a big washout lower where nocoiners dunk on people like me. They say it’s over and gone forever and stop caring about it. Then some time passes and it starts pumping up again. By the time nocoiners realize it never went away, most of them think they’ve missed their chance and get big mad again. Rinse, repeat. 
     

    28 minutes ago, wildcat09 said:

    The crypto crash is objectively hilarious, but it's going to drive a lot more young men to fascism. 

    Wrong. Bitcoin is freedom money. Never needed more than now. 
     

    Just now, Goredho said:

    I think you are missing a step where they will beg for government intervention in the form of a bailout.  If the government declines, anti-government views will be hardened because “the government is useless”.  If the government obliges, anti-government views will be hardened because the “government should not be interfering in a free market”.

    Also wrong. Traditional markets are the ones where people beg for bailouts. 
     

    The intervention will come when the Fed reverses course on monetary policy. 

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