Blake Hampton

100% - DJT

That would be $100 billion of additional cash if you're correct

Not too boring or predictable if you ask me...

My point is that if the Fed hadn't bailed out the economy with liquidity, Bitcoin would've been the first asset to be worth pennies. This whole "cash is trash" argument is cute until people actually need cash. Then the situation becomes life or death.

Berkhsire's new 13F will be interesting to say the least

If the Fed hadn't done QE, Bitcoin would certainly be trading around $0.

It was at $5,000 a coin during the 2020 cash crunch.

I bought more OXY and I'd make a bet that Buffett is buying as well.

I stand by the systemic risks I keep talking about. I think they're very large as well as very real. However, I do respect the advice to focus on what you can control and it certainly isn't good to focus on the general market / macro. At least not all the time anyway.

Wouldn’t there be logistical challenges in eliminating de minimis? That’s a lot of packages.

You know, if this were a gold thread, I’d have a much easier time getting behind it all—though I still find the whole ideology to be sort of odd. Buffett is right when he talks about non-productive assets versus productive ones. Munger summarized it best when he said, ”Bitcoin is worthless, artificial gold.” This sucker is going to be worthless the second our economy has a real downturn.

Also Musk now has fucking access to the Treausry!?

I’m sorry but no. Inflation (CPI) has been running at 2.9% YOY with fuel prices actually decreasing 5%. Fuel is an input cost for essentially everything. When the price of oil increases, the price for everything generally increases. I don’t think our country can currently afford to have inflation expectations take hold and become entrenched. That would be a bad, bad time. (input comment on why the Fed is pointless and J. Powell is stupid)

And what this chart doesn’t show is that our consumption is 20 millions barrels a day. Canada controls 20% of our current total oil supply.

We rely on the world. We're the reserve currency.

If Canada were to withhold all their oil, it would basically be the 1973 oil embargo all over again. Don't underestimate the Canadians.

Look at Michael Salyor, he went to MIT and he’s retarded.

Yeah, I can’t wait for the ol’ fascist to instill a lapdog and really destroy what little faith people still had for our currency. But the Fed is purposeless right?

You know now that I think about it, I don’t think Trump really understands the power Canada generally holds over us with its oil. This mf is dumb.

The Fed then might have to teach some of you a hard lesson in economics.

A Canadian oil embargo might be kinda badass but also kinda scary. Inflation would probably let loose. It would be a similar situation to 1973 except much worse.

That’s a good answer. Gotta always have some cash.

I did. I’m completely invested in both inflation resistant assets and cash. The question I can’t seem to answer though is exactly how much of that should be cash.

I honestly don’t understand how many of you aren’t. I do sometimes feel like I’m going crazy.

I have a really bad feeling that we're barreling towards some form of financial crisis. The stuff that's currently happening is insane.