• Krugminator2's Avatar
    Today, 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
    97 replies | 1773 view(s)
  • Krugminator2's Avatar
    Today, 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?
    97 replies | 1773 view(s)
  • Krugminator2's Avatar
    Today, 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.
    97 replies | 1773 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 | 4680 view(s)
  • Krugminator2's Avatar
    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 | 4680 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 | 4680 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 | 931 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.
    76 replies | 2167 view(s)
  • Krugminator2's Avatar
    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 | 257 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 | 418 view(s)
  • Krugminator2's Avatar
    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 | 418 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 | 418 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 | 418 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 | 418 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 | 418 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 | 418 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 | 418 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 | 418 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 | 418 view(s)
  • Krugminator2's Avatar
    01-06-2020, 07:19 PM
    Gold probably good for a short. Crazy market lately so haven't paid attention to gold. But nicely set up. Would have started to scale in today had I noticed it. If gold is green tomorrow at any point will start in. Would like to see a small green day and then maybe one more gap up day on Wednesday before it pukes back. Very overbought using multiple criteria (RSI, Bollinger Band on daily and weekly chart). Stupid people buying an "obvious" breakout, which tend to fail. Most important fundamental reason is commericial hedgers (i.e. smart money in futures market) are the most net short they have been since 2016. Might not be a ton of meat on the bone for more than a few day short but this is a horrifically bad place to start a long. Literally couldn't pick a worse place.
    76 replies | 2167 view(s)
  • Krugminator2's Avatar
    01-06-2020, 05:08 PM
    Speaking of John McAfee. "CEO" John McAfee pumped it to 8 now down to 2 cents. Mission accomplished. https://www.businessinsider.com/john-mcafee-mgt-capital-going-to-make-the-cloud-completely-obsolete-2016-9 Guy probably made more money in a pump and dump scheme than he did with his legitimate anti-virus company.
    5 replies | 359 view(s)
  • Krugminator2's Avatar
    01-05-2020, 09:00 PM
    I am not a neocon and not familiar with most of those interventions but you did respond to my post with that graphic so happy to answer. Most of those listed didn't involve dropping bombs by the US government or going to war. Let's use Chile as an example. Communism is the greatest evil in human history. Every single person is a slave under Communism. Over a hundred million people were murdered by their governments. It was a completely legitimate viewpoint to use intelligence and money to keep a country in the Western Hemisphere from becoming Communist and spreading. We did intervene financially and with intelligence in Chile and it worked. No blowback. The people are now wealthier and freer than any of their neighbors. And some of those military interventions like Grenada lasted a few days with minimal casualties and they worked. I mean Cuba is listed on your graphic. So the US shouldn't have tried to assassinate Castro? If you say no, then you just have bad values.
    988 replies | 13498 view(s)
  • Krugminator2's Avatar
    01-05-2020, 08:49 PM
    I haven't once supported him in this thread in his decision to assassinate this general.
    988 replies | 13498 view(s)
  • Krugminator2's Avatar
    01-05-2020, 08:47 PM
    None. Saudi Arabia has no right to exist in their current form. What war have I ever supported here? I guess somewhere in my post history I supported WWII. I don't even know how I am supporting Trump. I don't like Trump. I haven't even said if this is a good or bad thing because I don't know. I am giving the same opinion on illegitimate countries that I have always given. Same with Obama. Same with Trump. See. I have morals. You do not. You are just a nihilistic Chomskyite.
    988 replies | 13498 view(s)
  • Krugminator2's Avatar
    01-05-2020, 08:28 PM
    Iran's regime has no right to exist. China's regime has no right to exist. What they think does not matter at all from a moral perspective. The only question is what is in the United States' best interest. I have not weighed in on that question at all because I don't know. My default is the US should always do nothing unless directly attacked.
    988 replies | 13498 view(s)
  • Krugminator2's Avatar
    01-05-2020, 08:18 PM
    None. No idea how that applies to anything. I don't remember advocating regime change in Iran. Also don't know why you think I am a Trump supporter. I was pretty close the first person and most vocal here to start ripping him apart in the summer of 2015. Voted for Gary Johnson. Criticize him frequently now.
    988 replies | 13498 view(s)
  • Krugminator2's Avatar
    01-05-2020, 08:16 PM
    I'm 36. Been a libertarian since I read Economics in One Lesson in 8th grade.
    988 replies | 13498 view(s)
  • Krugminator2's Avatar
    01-05-2020, 08:12 PM
    Well. That is factually wrong. Libertarians support human freedom. They don't support permanent rule of Communists or Mullahs. Pretty sure most libertarians support the American Revolution. Libertarians do tend to support limiting military involvement as a practical issue of the their government in foreign affairs. But that doesn't mean pacifism if someone is a direct threat. The Soviet Union was a direct threat.
    988 replies | 13498 view(s)
  • Krugminator2's Avatar
    01-05-2020, 08:08 PM
    What does that even mean? Here is the reality. Anyone with reasonable intelligence and a strong work ethic can become financially secure in the US. Being the child of an actor (lol wut?) not necessary. Sorry. Not familiar with the tent cities and people who can't get a job or a house ever are. Unemployment 3.6% right now, btw.
    988 replies | 13498 view(s)
  • Krugminator2's Avatar
    01-05-2020, 08:05 PM
    Well. I am a libertarian or classical liberal so I guess that does make me a "globalist". Being staunchly anti-Communist does not make a person a neocon. It is just part of being a decent person with good values. No. The US is not remotely close to the Soviet Union. I don't see breadlines. Still legal to own property here. Not so much in the Soviet Union. I don't see the US government killing 10s of millions of its citizens and sending millions of others to the gulag.
    988 replies | 13498 view(s)
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