• Krugminator2's Avatar
    01-08-2021, 10:20 PM
    Sorry. This is still a libertarian site. I will continue to take the libertarian positions and forcefully refute agrarian populists like you whose only principle is owning the libs.
    54 replies | 2514 view(s)
  • Krugminator2's Avatar
    01-08-2021, 09:00 PM
    It is literally the exact inverse of China and Communist countries. The government censors people in China. This is the people censoring a Central American style despot who is trying to delegitimize an election. Trump is right out of The Crowd. Trump is a compulsive liar who will say anything and hope it sticks. But because of force of personality and the stupidity of the average person who wants to belong, they will believe the most ridiculous shit with no evidence.
    54 replies | 2514 view(s)
  • Krugminator2's Avatar
    01-07-2021, 07:27 PM
    Krugminator2 replied to a thread Risk Off in Economy & Markets
    Bitcoin hanging on by a thread. Probably crashes tonight just to fuck everyone who wants to short it during normal market hours.
    14 replies | 1333 view(s)
  • Krugminator2's Avatar
    01-07-2021, 08:18 AM
    Trump lost. When you lose, you leave. The end. Only baboons disagree. And I can see why you like Trump so much that you think it worth completely destroying the country over. He is a semi-socialist who panders to protectionist theocrats like you. Feel free not to call me anti-American in future neg reps. The Founding Fathers were pro-reason educated elites. They would hate you.
    402 replies | 13720 view(s)
  • Krugminator2's Avatar
    01-06-2021, 08:07 PM
    Krugminator2 replied to a thread Risk Off in Economy & Markets
    I don't think you should short bubbles except for short term trades. The January Bitcoin futures contracts are at 37560 right now. Ideally it squeezes over 40000. Within the next few days you are going to have a blowout day where Bitcoin drops 5000+ dollars off of its peak. The way to time this is to go short the first red day vs the previous day and cover into the selling panic. If it somehow goes red on the day but goes back green and takes out the high of the day just cut the loss. Obviously even shorting 1 contract is pretty expensive. You can accomplish the same thing with GBTC. Closed at 43.93. Will have a nice 10%+ down move from its peak by Monday. That GBTC might be hard to borrow depending on the broker. Another way to do the same trade is to short MSTR. It junk 1990s dot com zombie company that put all their cash in Bitcoin and has gone up solely because they hold Bitcoin. Easier to borrow plus it is optionable. And there are the super junk bitcoin stocks like RIOT which isn't even a real company.
    14 replies | 1333 view(s)
  • Krugminator2's Avatar
    01-06-2021, 04:36 PM
    These aren't protestors. These are violent criminals who belong in a cage away from humans.
    402 replies | 13720 view(s)
  • Krugminator2's Avatar
    01-06-2021, 04:14 PM
    See. Civilized humans believe in the rule of law and voluntary interaction within the boundaries of the law. You on the other hand believe in jungle rule. The strongest and most violent survive. You operate on the level of a monkey.
    402 replies | 13720 view(s)
  • Krugminator2's Avatar
    01-06-2021, 04:04 PM
    No actually I am a libertarian capitalist, unlike you. I can't even characterize what you are. I guess you are a Chomskyite or something. Capitalists believe in rule of law and the legitimate function of the state to enforce laws and settle disputes. Trump lost. The courts settled it. That's it. And what do you mean afraid ? I don't perform brain surgery. I don't win NBA games. I don't build cars. That is the job of the police and National Guard. That is literally what they are trained and paid to do. That is their job and the legitimate function of government.
    402 replies | 13720 view(s)
  • Krugminator2's Avatar
    01-06-2021, 03:50 PM
    And you are a hippie. If you join in the rioting, I hope the National Guard gives you a good delousing.
    402 replies | 13720 view(s)
  • Krugminator2's Avatar
    01-06-2021, 03:35 PM
    Good on Rand. These people have absolutely nothing in common with freedom. And they cause freedom lovers to lose the moral high ground against leftists who act like this. Trump lost. Acting like a baboon won't change that fact. The National Guard should order people to disperse. If they don't, shoot them. Won't take sending to many to morgue to get the message. These are hippies of the right and hippies are allergic to bullets. Reagan did it at Berkeley. Took one day and a couple of dead hippies to end the nonsense.
    402 replies | 13720 view(s)
  • Krugminator2's Avatar
    01-06-2021, 01:10 PM
    So you think acting like a low IQ savage is a good way to convince people of your views? These chimpanzees are no more allies or freedom than Occupy Wall Streeters or Black Lives Matter traffic stoppers.
    13 replies | 564 view(s)
  • Krugminator2's Avatar
    01-05-2021, 09:12 PM
    It's over. They're toast.
    90 replies | 3655 view(s)
  • Krugminator2's Avatar
    01-04-2021, 09:30 PM
    I have spent time contacting realtors in PR. I just talked my realtor today in the states figuring out what updates I should do and how long it would take to sell. I have emailed a couple of expat sites and a couple of people who have moved. I would say I am half serious. I am probably going to rip off the band aid and do it. But it is pretty big undertaking and there are an unlimited number of things that can go wrong. Puerto Rico is such a fucking shithole and there are so many problems I am running into that you would never experience in the states. Small things like getting a mortgage takes 60 days for approval. I have no idea how I am going to time the sale of a place in the US with the purchase and move in in PR. The application to move there costs 5k plus you need to hire a lawyer and it is taking 8 months to get approved. Finding what condos sold for is non-existent. Anywhere. You have to put a 10% good faith payment down and the sellers agent holds the money. And oh yeah, no buyers agents in Puerto Rico. Small things like figuring out how to get my Labrador retriever there safely and how to coordinate travel when I am there and shipping my car down vs selling it here and buying one there and not speaking Spanish. The list of potential headaches is infinite. That doesn't even include the earthquake they had last year and the hurricane from two years ago and those risks.
    73 replies | 3513 view(s)
  • Krugminator2's Avatar
    01-02-2021, 05:52 PM
    TOTAL Foreign Aid Cost $39.2 billion https://www.brookings.edu/opinions/what-every-american-should-know-about-u-s-foreign-aid/ Current Welfare Stimulus proposed Cost-$600 Billion http://www.crfb.org/blogs/how-much-would-2000-checks-cost Cost of $1200 checks earlier in the year- $290 Billion https://www.newsweek.com/coronavirus-stimulus-checks-package-investment-public-health-1496927 Anyone who uses bloated military spending (which is a fraction of entitlement spending) as a justification for more entitlement spending is an idiot.
    5 replies | 248 view(s)
  • Krugminator2's Avatar
    01-02-2021, 12:14 PM
    Google delivers the average person around $17,750 worth of value each year. https://www.economist.com/graphic-detail/2018/04/25/how-much-would-you-pay-to-keep-using-google If happily using Google makes me an obedient slave, so be it. I say thank you to the geniuses who founded the search engine. Here is an unpopular view. Rich people work a lot harder than the average person. And poor people as a group are usually lazier and/or more undisciplined. I know that doesn't fit in with the zero sum world of internet posters who think life is random and rich people are just lucky and poor people unlucky, but it happens to be true. "Our data reveal that 62% of high-earning individuals work more than 50 hours a week, 35% work more than 60 hours a week, and 10% work more than 80 hours a week. Add in a typical one-hour commute, and a 60-hour workweek translates into leaving the house at 7 am and getting home at 9 pm five days a week. If we focus on the subset of those workers who hold what we consider extreme jobs (a designation based on responsibilities and other attributes beyond pay), the hours are even more punishing. The majority of them (56%) work 70 hours or more a week, and 9% work 100 hours or more" https://hbr.org/2006/12/extreme-jobs-the-dangerous-allure-of-the-70-hour-workweek America’s highest earners work at least 60 hours a week—more than anyone else in the world https://qz.com/134064/the-industrial-revolution-destroyed-the-link-between-hours-worked-and-wealth-so-why-are-we-still-working-so-much/
    67 replies | 12230 view(s)
  • Krugminator2's Avatar
    01-01-2021, 07:48 PM
    Name some countries that aren't unfree shit hole messes that fit the description you listed. I would like to know for my own benefit.
    73 replies | 3513 view(s)
  • Krugminator2's Avatar
    12-31-2020, 10:51 PM
    Looks to me like most of the posters in this thread are some of the most pro-immigration posters on the site. So I don't see any tables turned or hypocrisy. And I see exactly zero places mentioned that are even remotely close to being as free as the United States.
    73 replies | 3513 view(s)
  • Krugminator2's Avatar
    12-31-2020, 04:42 PM
    Sure I have been there. It is a shit hole. That's why I don't live there. But let's say you are Peter Schiff and make 10 mill a year, 3.5 mill in tax savings is probably worth the headaches. Whereas I can't really see any justification to live in even poorer Central American countries unless you own a sports betting site or something that needs to be out of US jurisdiction.
    73 replies | 3513 view(s)
  • Krugminator2's Avatar
    12-31-2020, 06:58 AM
    You still have to pay taxes to the US government if you live in one of those third world countries. Congress can't directly revoke Puerto Rico's tax privileges. Puerto Rico doesn't have any voting congressional reps. No taxation without representation. The backdoor way those tax incentives would get repealed by the US government is if congress made Puerto Rico the 51st state, which is a very real threat with a Dem Congress, Dem Senate, and Dem president. Puerto Rico gives Dems two Senators and a House rep.
    73 replies | 3513 view(s)
  • Krugminator2's Avatar
    12-30-2020, 10:27 PM
    Puerto Rico still falls under the Constitution but it is really separate from the US. They have no income tax for ex-pats and you don't have to give up your passport to live there and not pay US federal taxes. Of course, it is crime-ridden, bankrupt, has an angry proletariat that might revolt against whitey at some point, and has earthquakes and hurricanes. Also the electrical grid is prone to failure. But if you can live in a gated neighborhood and still have a place to go on the mainland in case of hurricanes, zero income tax is a pretty big incentive for some to move there. A big risk is they remove the tax incentives, property values in ex pat (i.e. white) areas would plummet overnight. Giving up US citizenship to live in some of the third world countries mentioned in this thread seems like a very bad idea. Puerto Rico at least gives you the option to move back to the US
    73 replies | 3513 view(s)
  • Krugminator2's Avatar
    12-30-2020, 09:36 PM
    Welfare is the right word. This is an absolute waste of money. This is the worst kind of giveaway. Even honest left wing economists oppose this. From Biden's top economic adviser https://www.bloomberg.com/opinion/articles/2020-12-27/larry-summers-trump-pelosi-2-000-stimulus-checks-are-a-mistake
    20 replies | 1127 view(s)
  • Krugminator2's Avatar
    12-30-2020, 08:39 PM
    Those numbers in the Tweet add up to $1.7 billion or .68% of the bill. That foreign aid is rounding error. It made sense to hand people money when the unemployment rate was 15% and you had the biggest spike ever in unemployment claims. The unemployment rate is now 6%. which is where it was in 2013. https://www.bls.gov/charts/employment-situation/civilian-unemployment-rate.htm When was the Ron Paul Revolution ever about handing out free shit? You think Ron Paul supports handing out free money? You can dump all over Rand all you want. That is a good thing. Rand is right to oppose this, because he isn't a Communist like you. Also are you interviewed in this video?
    20 replies | 1127 view(s)
  • Krugminator2's Avatar
    12-30-2020, 08:14 PM
    It is welfare. And if you surveyed people under 40 they would overwhelmingly support it. It isn't an easy concept to understand that government spending lowers future growth. Most economists don't even accept. They don't draw the connection that Japan has had low growth because of spending. And don't believe the Bush and Obama spending is a reason the economy has not grown as fast. They come up with reasons like income inequality to fit their ideology. Look at how many people believe government spending and how taxes resulted in growth after wwiii despite spending dropping by 60%.
    20 replies | 1127 view(s)
  • Krugminator2's Avatar
    12-29-2020, 10:04 PM
    Krugminator2 replied to a thread Risk Off in Economy & Markets
    Shorting overvalued growth stocks on valuation is impossible imo. I don't see how Tesla doesn't drop 70% from here but that doesn't mean it can't double before it happens. One way to short Tesla would be to wait for a high volume selloff where people aggressively liquidate. Then wait for two or three rally attempts that fail and then short. Even that is difficult but at least you can define risk that way and not step in front of a freight train. I wouldn't short bitcoin at all time highs unless it goes parabolic and only then for a one or two day trade as people liquidate. Runaway markets can go a lot longer that you think. Pull up a chart of ALPP. Was 5 cents a few weeks ago. Company is junk but that "obvious" short almost hit five bucks.
    14 replies | 1333 view(s)
  • Krugminator2's Avatar
    12-29-2020, 06:08 PM
    It was called a stimulus bill and maybe that was the intent of some or many. But in actuality it was a disaster relief bill. The reason the bill made sense wasn't to boost demand or employment. Taking on debt in a crisis is a way to smooth out consumption. You pull from future economic growth so people don't have real hardships in the short term. There were people on this forum begging for money. There aren't enough charities to keep 20% of people afloat. As always here is Bastiat, the originator of the idea that government spending doesn't work to boost demand. https://www.econlib.org/library/Bastiat/basEss.html?chapter_num=4#book-reader
    81 replies | 3748 view(s)
  • Krugminator2's Avatar
    12-29-2020, 06:56 AM
    Krugminator2 replied to a thread Risk Off in Economy & Markets
    GBTC is a stock that owns bitcoin and tracks the price of bitcoin close enough. That is shortable. It is pink sheets so no options. I would never own the underlying bitcoin. No reason not to use futures. Bitcoin futures are shortable. No options as far as I know.
    14 replies | 1333 view(s)
  • Krugminator2's Avatar
    12-28-2020, 09:44 PM
    I have completed maybe three fiction books in ten years but I highly recommend all three. I couldn't put Speculator and Drug Lord by Doug Casey down. I kind of think of Casey as screwy gold anarchist but he writes really well. They are like Ayn Rand novels but readable and about more interesting topics. I give both of them A+ grades. Also watching Queens Gambit on Netflix. Great show. Based on a novel by a guy who wrote The Hustler and Color of Money so the novel is probably good.
    7 replies | 479 view(s)
  • Krugminator2's Avatar
    12-27-2020, 02:24 PM
    I didn't mean the Kennedy's. Was talking about this. https://www.usacoinbook.com/coins/2807/half-dollars/walking-liberty/1936-P/ Also found some random french money https://en.numista.com/catalogue/pieces691.html and this https://coinquest.com/cgi-bin/cq/coins.pl?coin=3101 and this is silver https://en.numista.com/catalogue/pieces183930.html
    1491 replies | 114804 view(s)
  • Krugminator2's Avatar
    12-27-2020, 10:45 AM
    I don't differentiate between those kinds of posts and advocates for pure communism. There is no daylight in the morality of the two. It is an anti-property rights, anti-progress view of the world.
    21 replies | 2298 view(s)
  • Krugminator2's Avatar
    12-27-2020, 10:02 AM
    Thanks for the help. I rifled through and found nine pre 1970 Kennedy half dollars which I probably would have otherwise just thrown in the coin machine at the bank. The buffalo nickels all look to be 1929 and later though some have worn off dates. The Ikes looked like nothing special. I sorted through and filtered the Jefferson nickels and will look at the closer later. My baseline assumption is to get roughly spot on the total. My reading is a lot of dealers go slightly under spot. Some of the coins are in plastic and in good shape and some are in terrible shape. There is a fair amount of random stuff that you would buy off of TV that is uncirculated like Ellis Island commemorative coins. My assumption is no one wants that stuff above the melt value but it is all in the original box and uncirculated. I also found about a half dozen liberty half dollars. A few of them are in plastic and appear to be lightly circulated so hoping to get a few bucks more. I think I found a place about 35 minutes away that advertising itself as the biggest gold and silver seller in the Midwest and will probably just use them over local people who have smaller operations, given that everything I know about coins I learned in the last 24 hours so I feel like they should be more reputable.
    1491 replies | 114804 view(s)
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