The Financial Revolution Is Here | Do This Now

HoustonHusky said:

creepycoug said:

Have to call on @HoustonHusky because this guy seems to be saying the same thing he is: hard assets is where wealth will be. Of course, I think @HoustonHusky also thinks owning shares in companies constitutes the same thing, and that it is cash that you want to avoid. Stalin or somebody posted a good video the other day about not owning cash.

But I gotta say, this guy isn't helpful. For starters, it's not that easy to find out where to invest capital and still be diversified. Are you gonna go private equity? Unless you have a connection, most of those investments have minimums that are well beyond what most of us can afford to plop down in one place.

Also, he got some things wrong. I know it's fun and popular in the Tug to assume all government action is bad, but this guy's swipe at the SEC as an instrument of the elite to rig the game represents a fundamental misunderstanding. I am an SEC lawyer and have been for 20+ years. His take on their role is both amateurish and wrong. I can tell you with certainty that the SEC's mission is to protect investors and they go out of their way, often times in a pain-in-the-ass way, to do it.

He wants a history lesson? Ok, why doesn't he talk about what the markets were like before the SEC? The markets in which HOF Market Manipulator Joe Kennedy made his fortune. Why do you think they call state securities law "Blue Sky" laws? Because dudes used to go around and literally sell interests in heaven to old, uneducated and pious people. They sold them the sky.

Sure, this isn't the first populist uprising and it won't be the last. But I'm not sure his point is practical. Someone check me on this. This is the Finance Club; we prefer to get it right rather than win a debate (like that other place).

Also, @DerekJohnson , I'm struggling to trust a guy who can't pronounce "unprecedented" when it's in his own script, and makes a plural/singular possessive grammar error in his slide. Gotta get that cleaned up before you get an audience with my guys.

Hadn't watched it...swamped at work so probably won't get to until the weekend but will try then.

It all depends on how much you think stuff will fall apart...at the end of the day if society as a whole and govt is still functioning Exxon will still be drilling for oil and selling gasoline, Coors will still be selling beer, etc...etc. Printing money may make these things cost more absolute $$$ (anyone really think oil should be worth $60 right now with planes travel way down, driving someone down, and everyone trying to find a container to put it in), but as long as there is commerce under an umbrella of govt these things will still be happening at increasingly inflated prices and I'd rather be owning stock in them over the long haul than cash under my mattress for 5+ years.

If you think everything falls apart than stocks will be worthless too and the only real value will be hard assets like physical gold and silver and guns/ammo (I have trouble believing if this happens a computer algorithm will hold much value...). Also think this is very, very, very unlikely.

DerekJohnson said:

creepycoug said:

DerekJohnson said:

creepycoug said:

Have to call on @HoustonHusky because this guy seems to be saying the same thing he is: hard assets is where wealth will be. Of course, I think @HoustonHusky also thinks owning shares in companies constitutes the same thing, and that it is cash that you want to avoid. Stalin or somebody posted a good video the other day about not owning cash.

But I gotta say, this guy isn't helpful. For starters, it's not that easy to find out where to invest capital and still be diversified. Are you gonna go private equity? Unless you have a connection, most of those investments have minimums that are well beyond what most of us can afford to plop down in one place.

Also, he got some things wrong. I know it's fun and popular in the Tug to assume all government action is bad, but this guy's swipe at the SEC as an instrument of the elite to rig the game represents a fundamental misunderstanding. I am an SEC lawyer and have been for 20+ years. His take on their role is both amateurish and wrong. I can tell you with certainty that the SEC's mission is to protect investors and they go out of their way, often times in a pain-in-the-ass way, to do it.

He wants a history lesson? Ok, why doesn't he talk about what the markets were like before the SEC? The markets in which HOF Market Manipulator Joe Kennedy made his fortune. Why do you think they call state securities law "Blue Sky" laws? Because dudes used to go around and literally sell interests in heaven to old, uneducated and pious people. They sold them the sky.

Sure, this isn't the first populist uprising and it won't be the last. But I'm not sure his point is practical. Someone check me on this. This is the Finance Club; we prefer to get it right rather than win a debate (like that other place).

Also, @DerekJohnson , I'm struggling to trust a guy who can't pronounce "unprecedented" when it's in his own script, and how has a plural/singular possessive grammar error in his slide. Gotta get that cleaned up before you get an audience with my guys.

Don't you speak with a pronounced lisp? Someone told me that

No. Lolz. Much has been said of me; that's a new one. Though I am a swarthy Cuban child of Spanish-speaking immigrants, I speak the Queen's English perfectly, and certainly better than the rabble in the Tug who would take issue with my family's presence here. You know, fucking up our Western culture with our communist tendencies, and weird saint-worshipping practices and liberal use of garlic in our food.

@oregonblitzkrieg

Would love to sometime see an epic OBK rant/history lesson on Santeria and its connection with the Kennedys and the $2 bill.