• Krugminator2's Avatar
    Yesterday, 03:59 PM
    Gold firming up. Not a big fan of predictions. But stock market in a vulnerable position. Low vix and put call ratio and overbought plus a lot of fever brained speculation in "growth" stocks. Market hasn't priced in any chance of Sanders winning. Wouldn't be surprised if market gets more volatile heading on Iowa and New Hampshire. Sanders winning Iowa might be a jolt to markets. Might be good for gold.
    78 replies | 2526 view(s)
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    01-24-2020, 05:21 PM
    I don't know how Ron would vote and neither do you. But I have a hard time believing that he would choose a Castro/Chavez/Soviet/Sandinista sympathizer over Trump if forced. The most redeeming thing about Sanders is he will make a Trump victory much more likely. Here would be my Democrat ranking from a classical liberal perspective from least terrible to catastrophically bad. 1. Yang 2. Bloomberg 3. Biden 4. Mayor Pete 5. Klobachar 6. Warren
    83 replies | 1398 view(s)
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    01-24-2020, 04:48 PM
    I would bet he would pick Trump and not have a hard decision.
    83 replies | 1398 view(s)
  • Krugminator2's Avatar
    01-24-2020, 07:39 AM
    Trump is the biggest deregulator in modern history. Lower taxes. Put at least one good judge on the Supreme Court. Has packed the lower courts that will help protect liberty for generations. And has barely used military force compared to his predecessors. Bernie says things like this "These days, the American dream is more apt to be realized in South America, in places such as Ecuador, Venezuela and Argentina, where incomes are actually more equal today than they are in the land of Horatio Alger." https://www.sanders.senate.gov/newsroom/must-read/close-the-gaps-disparities-that-threaten-america If Bernie were elected he would fill Ginsburg's seat with an even more radical justice. I can't even list all the things he is bad. His whole domestic platform is basically awful.
    83 replies | 1398 view(s)
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    01-24-2020, 07:28 AM
    Bernie is the single most evil major politician I have seen. There is no Republican I wouldn't vote for over Sanders. And what about my civil liberties, as a taxpayer? Bernie isn't for civil liberties. Bernie wants to make me homeless.
    83 replies | 1398 view(s)
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    01-23-2020, 04:03 PM
    Most of what Democrats are proposing is unconstitutional. Bernie Sanders is literally bribing voters with promise of free stuff. I wonder if NBC "news" would publish my opinion piece saying votes for Sanders should be nullified.
    65 replies | 1200 view(s)
  • Krugminator2's Avatar
    01-22-2020, 05:57 PM
    You glorify a general in an illegitimate regime and rip the United States. You blame the failure the Marxism on the United States. You hate America.
    50 replies | 649 view(s)
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    01-22-2020, 05:47 PM
    You aren't a serious person. You are dishonest and do hate America. You are that.
    50 replies | 649 view(s)
  • Krugminator2's Avatar
    01-22-2020, 05:36 PM
    Exactly. He was a freedom fighter fighting for the free state of Iran and America is the Great Satan.
    50 replies | 649 view(s)
  • Krugminator2's Avatar
    01-22-2020, 05:22 PM
    Good point. Killing Soleimani was racist. He was an honor roll student who dindu nuffin, killed by white supremacists. Heard he said "Hands up, don't shoot" before getting vaporized.
    50 replies | 649 view(s)
  • Krugminator2's Avatar
    01-22-2020, 03:07 PM
    Noted philosopher and social media influencer also reminds us that killing terrorists with brown skin is racist. 1213552939786096640
    50 replies | 649 view(s)
  • Krugminator2's Avatar
    01-19-2020, 06:21 PM
    If Venezuela is more economically free, why did the Venezuelan stock market trade at low single digit PE ratios going all the way back to the early 2000s? Why would people not want to invest in Venezuela but invest in Norway? Real puzzler isn't it? Investors could have really used your posts to tell them that there is nothing to worry about. Venezuela and Norway are exactly the same. Here is a headline from 2002 "Capital Flight Hits Venezuela; IMF Lowers Fiscal Forecast"https://www.wsj.com/articles/SB1019168278472139840 Why is capital flight not a problem for Norway? Why did Venezuela have interest rates of 44%? "The central bank lowered its discount rate to 42% from 44% Thursday." Here is from 2008 ""Venezuelan Capital Flight Reaches Record"https://www.washingtonexaminer.com/weekly-standard/venezuelan-capital-flight-reaches-record
    99 replies | 2349 view(s)
  • Krugminator2's Avatar
    01-19-2020, 03:23 PM
    Yeah I never said Norway is more capitalistic than the US, so it was never me. And probably not anyone else. Then you completely shifted the goalpost to people saying Scandavian countries are capitalist countries. That is true statement. That is radically different from your first claim. And you conflate the most socialistic Scandavian country Norway with Denmark because you are fundamentally dishonest. Why be so dishonest? And why continue comparing Scandavian countries to Venezuela when an avalanche if counterpoint always get presented that show how different they are?
    99 replies | 2349 view(s)
  • Krugminator2's Avatar
    01-19-2020, 01:38 PM
    I am the only person who brings these stats up. I never once said or implied that Norway was more capitalistic or even close to being more capitalistic than the United States. You can do a quick advanced search with my name and Norway to show that is false. You repeat this often even though it was never said by me.
    99 replies | 2349 view(s)
  • Krugminator2's Avatar
    01-08-2020, 08:44 PM
    There is one simple way to know Horton and Raimondo didn't actually want peace. They smeared Rand Paul, the most pro-peace major candidate (meaning Senator or Governor) ever. There is no way to rationalize that.
    269 replies | 4963 view(s)
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    01-08-2020, 06:45 PM
    I disagree. I actually think a lot of people (not you but AngryCanadian, Justin Raimondo, Scott Horton for instance) who call themselves anti-war want war. Having an enemy to be aggrieved at is part of their identity. The country at war and them being against it motivates them and it is who they are. Peace messes with their reality. Similar mentality to big L, Libertarians. The worst thing that could happen is they could actually win races and govern then they could no longer perpetually complain when they have to face the difficulty of governing. Same thing with race hustlers like Al Sharpton. They built a life on racial strife. Actual improved race relations harms their reality of everything being racist. Same thing with economic doomsdayers like Peter Schiff and Zerohedge. There can never be a good economy because they built their reality on the economy always being on the verge of collapse.
    269 replies | 4963 view(s)
  • Krugminator2's Avatar
    01-08-2020, 05:27 PM
    I can't believe I am agreeing with something you posted but you are completely right. I sincerely believe the people complaining want war. It gives them something to be mad about.
    269 replies | 4963 view(s)
  • Krugminator2's Avatar
    01-08-2020, 05:22 PM
    Linking to The Root is like linking to Stormfront. Who cares what a bunch of black supremacist, grievance hustlers have to say? Instead of saying "Thank you President Trump for exercising restraint. We were wrong." They turn a positive into a negative because they are losers, who need to be perpetually outraged
    37 replies | 960 view(s)
  • Krugminator2's Avatar
    01-08-2020, 10:54 AM
    Sometimes a cigar is just a cigar. I couldn't have traded this worse and feel like complete shit despite this being about as obvious as gets for a trade but at least I was right on an internet forum.
    78 replies | 2526 view(s)
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    01-07-2020, 05:26 PM
    From an actual competency standpoint he is probably the best in either party. Ran a hugely successful company and kept NYC clean. The problem is he has views for everyone to hate. Stop and frisk and strongly wants to ban marijuana and still is saying Iraq was a good idea so Dems will hate him. Plus he is an old rich white billionaire. And he is saying that hero in Texas shouldn't be allowed to carry a gun in church so moderates probably won't for him. Seems like he's a guy that could win a race where getting potholes fixed and roads plowed is the big concern.
    10 replies | 281 view(s)
  • Krugminator2's Avatar
    01-07-2020, 11:36 AM
    So you won't admit you were wrong despite the roundhouse kick you got and all the work I put into finding that and writing that out. Got it.
    37 replies | 493 view(s)
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    01-07-2020, 11:30 AM
    Completely false. Corporate raids and the height of private equity was in the early 1900's when there was no Federal Reserve. From the book I am reading now " During the year 1897-1904, some 4,277 American companies consolidated into 257 corporations." "A new breed of investment bankers played key roles in promoting and financing these transactions, often with high levels of debt. The signature deal of the era, the 1901 amalgamation of eight steel companies into U.S. Steel Corporation, had a total capitalization of $1.2 billion - an astonishing amount equivalent to seven percent of the gross national product. It was financed by a syndicate headed by J.P. Morgan, the preeminent financier of his time, who had built his reputation by restructuring ailing railroads. With $550 million in 7 percent convertible preferred stock, $550 million in common stock, and $304 million 5% gold bonds, U.S. Steel's capital structure was in effect 61% leveraged."
    37 replies | 493 view(s)
  • Krugminator2's Avatar
    01-07-2020, 11:09 AM
    I think its bad. It isn't remotely comparable to private equity. Employing Chelsea Clinton and Hunter Biden in positions they are likely not qualified for is cronyism and favor trading. It isn't free market capitalism. The way you would deal with it is limit the amount government can spend so there isn't the money to giveaway that would incentivize bribing politicians. Ron Paul has already weighed in on this issue. https://en.wikipedia.org/wiki/Political_positions_of_Ron_Paul "Paul opposes federal attempts to regulate campaign spending and speech intended to influence elections. " "Commenting on the Supreme Court's ruling in Citizens United, in 2010 Paul said, "You should never restrict lobbying because the Constitution is rather clear about the people being allowed to petition Congress, and whether you're an individual or you belong to a ... you should be allowed to do that." He argues that corporations should be able to spend their money in any way that they want. He also opposes taxpayer-funded public campaign financing."
    37 replies | 493 view(s)
  • Krugminator2's Avatar
    01-07-2020, 10:58 AM
    Well. You actually are talking about Mitt Romney. That is why you linked to me. And you are defending your disgusting views against people like him. You called making money through voluntary transactions "obscene enrichment". And then you conflated capitalism working (i.e. private equity) with using the children of politicians to trade favors because well... no one knows.
    37 replies | 493 view(s)
  • Krugminator2's Avatar
    01-07-2020, 10:53 AM
    As far as I know, George Romney had nothing to do with Bain Capital, it's success, or helping Mitt Romney with deals. Being the child of a politician doesn't mean you should have to work as a garabage man (not that there is anything wrong with that).
    37 replies | 493 view(s)
  • Krugminator2's Avatar
    01-07-2020, 10:49 AM
    Nope. He isn't. Supported Mitt Romney's work, as evidenced by link. Sees it as a clear benefit. Not cronyism or corporatism in any way. It is raw capitalism. I don't think you know what words mean. Corporatism- the control of a state or organization by large interest groups I don't see government controlling anything when a venture capital firm buys a business.
    37 replies | 493 view(s)
  • Krugminator2's Avatar
    01-07-2020, 10:42 AM
    But he isn't speaking out against corporate-government fascism. He is speaking out against voluntary private sector transactions with no government involvement with a person (Mitt Romney) who wasn't connected to government in any way.
    37 replies | 493 view(s)
  • Krugminator2's Avatar
    01-07-2020, 10:39 AM
    It isn't obscene. It is how things should work. Tons of studies show financial capitalism has made the United States more prosperous. https://www.amazon.com/New-Financial-Capitalists-Kohlberg-Corporate/dp/0521642604/ref=sr_1_1?keywords=kkr+financial+capitalism&qid=1578414850&sr=8-1 Halfway through this book written by a Harvard economist that I bought a month or so back in response to the first thread. Find a free market economist who agrees with your anti-venture capital stance. In the meantime I haven't read this by Yaron Brook but maybe you should. https://www.amazon.com/gp/product/B075THLR7J/ref=dbs_a_def_rwt_hsch_vapi_tkin_p1_i2 You want to know who else agrees Ron Paul "“I think it’s a big distraction,” Paul said. “And they’re picking up on this and those who are condemning him for it, I think, are arguing like Democrats.“You know, they come in and say, look, restructuring in the free market is a good idea, and I don’t know anything about Bain, so I’m not taking a position on that, and I haven’t looked at it and I have no idea what he did or didn’t do, but the principle of restructuring is a good thing in the marketplace,” he said. https://thehill.com/blogs/blog-briefing-room/news/203419-ron-paul-defends-romney-against-bain-attacks
    37 replies | 493 view(s)
  • Krugminator2's Avatar
    01-07-2020, 10:28 AM
    It is quite easy. We have a First Amendment. Nothing can or should be done, comrade. There should be no campaign finance laws at all.
    37 replies | 493 view(s)
  • Krugminator2's Avatar
    01-07-2020, 10:27 AM
    I have no idea why you linked to my name or why I wouldn't think this is nepotism or cronyism. My guess is it has something to do with the Mitt Romney thread and you being a socialist. Only a guess though.
    37 replies | 493 view(s)
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