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  • Krugminator2's Avatar
    Yesterday, 05:25 PM
    Rubio's tax credit and Rand's interest deduction are not remotely similar. And I am pretty sure you know that. I don't agree with it just like I don't favor being able to deduct mortgage interest. I favor a no deductions and a flat tax. But would you say allowing mortgage interest to be tax deductible is welfare? It is a one for one analogy. I mean Rothbard and that crew are pretty big on these kinds of deductions. I don't even view it as unprincipled.
    37 replies | 477 view(s)
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    Yesterday, 03:40 PM
    He did put libertarian Don Willett on the court yesterday too. http://reason.com/blog/2017/12/13/senate-confirms-libertarian-minded-juris Willett is a big Lochner guy just like Rand and Napolitano. Here is a "glowing" profile of him in a leftist trash outlet. https://thinkprogress.org/trumps-most-radical-nominee-since-neil-gorsuch-02d1bcabc8e0/
    20 replies | 264 view(s)
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    12-14-2017, 08:28 PM
    Got the $4k pullback right but was definitely wrong overall. Odds heavily favored it being a top. It is trading super strong. Probably a push to a new highs. This thing hasn't had any aggressive selling in a year. Amazing.
    427 replies | 12177 view(s)
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    12-14-2017, 04:42 PM
    Even if he is embellishing his removal of regulations, not adding regulations is a huge win. Trump put a guy in charge of the EPA who Rand wrote op-eds with and who Rand called the best cabinet pick of his lifetime. Pruitt would have been Rand's nominee to key regulatory position. Pruitt's been great so far. https://soundcloud.com/siriusxm-news-issues/rand-paul-wilkow-epa Trump appointed a guy (the first person to endorse Rand for President) to head up that Elizabeth Warren created agency who is basically 9 out 10 on a libertarian scale. Ending net neutrality is a big deal. Fair is fair. Trump has been surprisingly good on the regulatory front.
    13 replies | 252 view(s)
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    12-14-2017, 04:21 PM
    This kind of stuff is why you can't say the parties are the same. Republicans are better. Not perfect. Better.
    58 replies | 939 view(s)
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    12-13-2017, 12:21 PM
    People can make excuses for Moore. The bad press did make the race closer. The actual loss is entirely on Moore. Moore did not debate Jones. Moore has been in hiding for a month. He just tried to run out the clock. Mark Sanford faced almost identical circumstances as Moore. Sanford was losing all the polls, had no money, and was abandoned by the party. Same as Moore. Nobody wanted Sanford to win in either party (except a few libertarians). The difference is Sanford owned it and did a ton of interviews and appearances. Colbert's sister was actually the one who went into hiding. Sanford could actually articulate his beliefs like a smart and sane person. If Moore were capable of that, he wins 100% of the time. Moore had a much easier road than Sanford.
    319 replies | 4647 view(s)
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    12-12-2017, 08:05 PM
    Putting Rand Paul is like putting Ron Paul in the Senate. Putting Mike Lee is to a lesser extent like putting Ron Paul in the Senate. The nicest you could say about Roy Moore is that it is like putting a much lower IQ version of Steve King in the Senate. I am not holding my breath that he would vote as well as Steve King.
    319 replies | 4647 view(s)
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    12-12-2017, 08:02 PM
    Probably not. It is more frustration just listening to this guy talk. He is not a bright guy. He doesn't understand the issues. He wouldn't even debate his opponent. He makes Gary Johnson look like the smartest person in the history of the world. He shouldn't have won the primary. He shouldn't have even run. He is a male Christine O'Donnell.
    319 replies | 4647 view(s)
  • Krugminator2's Avatar
    12-12-2017, 07:46 PM
    https://www.electionbettingodds.com toss up right now. Roy Moore is a such a fucking dimwit. And his wife is also an airhead. My ideal is this guy wins and the Senate immediately votes to remove him.
    319 replies | 4647 view(s)
  • Krugminator2's Avatar
    12-11-2017, 09:06 PM
    What is your net worth?
    36 replies | 630 view(s)
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    12-10-2017, 01:24 PM
    These charts are interesting to see what happened to the prices of uranium and gold soon after futures started trading. Both were in bubbles when futures began and the price collapsed within two months of futures being introduced. Everyone seems negative on Bitcoin, so it is possible that there is one more gasp up but that seems less likely because there isn't a major short interest in Bitcoin.
    427 replies | 12177 view(s)
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    12-10-2017, 12:25 AM
    Feels like this is headed to the 8-10k range over the next few weeks before you will see price stabilize. That would be a 50% pullback.
    427 replies | 12177 view(s)
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    12-09-2017, 05:40 PM
    https://dougjonesforsenate.com/priorities/ Health care is not a right and private citizens shouldn't be forced to violate their religious beliefs to provide coverage. Roy Moore is a clown and not very libertarian. Even excluding the fact that he is a child molester, he is bad on numerous economic issues and catastrophically bad on most social issues. All of that said, I would vote for him because the Senate is 52-48. Conceding a vote from a Republican state is really bad when Clarence Thomas, Ginsurg and Kennedy all might retire soon. I am not eager to see a guy who wants single payer health care to win.
    1211 replies | 24407 view(s)
  • Krugminator2's Avatar
    12-09-2017, 04:26 PM
    The reality is the market chooses a state over anarchy. Having a state to settle disputes increases trust and lowers transaction costs. Online poker is a good example to see black markets in action. Most sites that operate in the US have switched to Bitcoin as there primary way to process transactions. They are a black market and Bitcoin is a work around. But the market would choose regulated sites with no Bitcoin in a heart beat if that were an option. Nobody would play on the unaccountable Bitcoin site that operates in Central America if they didn't have to. Sites that are unaccountable to governments increase transaction costs dramatically because every so often someone is going to run off with your money and there is no way to sue.
    36 replies | 468 view(s)
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    12-09-2017, 03:50 PM
    Israel has a right to exist. Israel can recognize whatever capital they want and the US should recognize what Israel says is their capital. Rioting and violence is not okay. There should be no appeasement to the animals that surround Israel.
    98 replies | 1240 view(s)
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    12-09-2017, 10:06 AM
    No. There wasn't euphoria. Thanksgiving was Nov 23. Bitcoin broke out the 24th. It had been consolidating for three weeks. I am not good at buying breakouts but I thought it looked like a good long. Yesterday was a really good short or at the very least a good time to reduce risk and pull chips of the table.
    54 replies | 1219 view(s)
  • Krugminator2's Avatar
    12-08-2017, 09:02 PM
    Bitcoin certainly trades exactly like a manipulated penny stock. Bitcoin is thinly traded and it doesn't take much money to hold the trend. It feels like it is has had a guiding hand into the start of futures. That said, any hedge fund who has wanted to short Bitcoin has been able to borrow GBTC stock all year, so I discount a little bit the idea that a few hedge funds are just pushing it up to be able to short it at higher prices. Bitcoin futures start trading at 6 pm Sunday. I am very interested to see how it affects trading. My gut instinct is it won't affect trading too much. It might give the downside a little gas because it will be shortable. But you never know how things are going to play out with something like this. Maybe it spikes because it will now be a lot easier to trade in and out.
    54 replies | 1219 view(s)
  • Krugminator2's Avatar
    12-08-2017, 06:58 PM
    Regardless of where Bitcoin is going in the next 10 years, only the mentally challenged are buying right now. Buying on spikes after a big run is a good way to be poor. People are buying solely because it has been going up. At some point there won't be enough demand to keep pushing prices higher and at that point a lot of supply will enter the market as people exit. Today was a big change of character. Sellers are starting step up.
    54 replies | 1219 view(s)
  • Krugminator2's Avatar
    12-08-2017, 06:40 PM
    First down day after an extended run is going to be the end of the run 85%+ of the time. Probably trades narrowly for the next 24 hours before taking out today's lows by Monday.
    54 replies | 1219 view(s)
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    12-08-2017, 06:16 PM
    They lump like the KKK in with Center for Immigration Studies for a reason. It is meant to shutdown debate. Here is an example. Mark Krikorian is a "Mexicans take jobs" Republican in the Pat Buchanan mold. I don't agree with that argument, but it is a legitimate debate. I have watched him argue his points on Stossel and came across very well. Putting a center-right, National Review Republican on their list of HATE groups is beyond ridiculous. https://www.washingtonpost.com/opinions/how-labeling-my-organization-a-hate-group-shuts-down-public-debate/2017/03/17/656ab9c8-0812-11e7-93dc-00f9bdd74ed1_story.html?utm_term=.d459b93cf53b Well. Ron Paul gets put on their lists. https://www.google.com/search?rlz=1C1CHZL_enUS757US757&ei=QCorWvfCD-bGjwS886boCg&q=ron+paul+southern+poverty+law+center&oq=ron+paul+southern+poverty+law+center&gs_l=psy-ab.3...3489.9240.0.9392.40.39.0.1.1.0.137.2968.29j7.37.0....0...1c.1.64.psy-ab..2.23.1870.6..0j35i39k1j0i67k1j0i131k1j0i131i20i264k1j0i131i67k1j0i20i264k1j0i131i20i263k1j0i22i30k1j0i13k1j0i8i13i30k1j33i21k1j33i22i29i30k1j33i160k1.54.lul7fYuNMfI
    33 replies | 1131 view(s)
  • Krugminator2's Avatar
    12-08-2017, 05:55 PM
    When you adjust for cost of living, 23.8% of people in California live in poverty. To put that in perspective states that are typically considered poor have much lower poverty rate. Kentucky 13.6%, Alabama 13.5 Mississippi- 16.1% https://en.wikipedia.org/wiki/List_of_U.S._states_by_poverty_rate California's "compassion" for the poor with their highest in the country top tax rate and "concern" for the Mother Earth has resulted in the highest poverty rate in the nation. California is what you get when you have smug people who make policy in the name of the public good but really act in their own crony interests. They say they are protecting the environment by restricting housing development but are really just keeping supply low to drive home prices up.
    42 replies | 727 view(s)
  • Krugminator2's Avatar
    12-07-2017, 01:55 PM
    You won't need to put "corrections" in quotes after the next couple of days. We'll see how long that consensus lasts. Here is a prediction for all the people who have chased Bitcoin up.
    427 replies | 12177 view(s)
  • Krugminator2's Avatar
    12-07-2017, 01:33 PM
    It peaked at 15995 on Bitstamp. This is the last gasp (for now) before it becomes easily shortable on Sunday. Bitcoin will be getting the poison out within 48 hours. $4000 down move shortly.
    54 replies | 1219 view(s)
  • Krugminator2's Avatar
    12-06-2017, 04:12 PM
    Futures start trading Sunday night. 90RSI. A short term top is likely by the next two days after the wide range today. 20%+ pullback highly likely from the high of tomorrow.
    427 replies | 12177 view(s)
  • Krugminator2's Avatar
    12-06-2017, 01:35 PM
    Right. Literally every single part of what you just said is in the comment you responded to.
    14 replies | 408 view(s)
  • Krugminator2's Avatar
    12-06-2017, 11:45 AM
    No. The economy is not a monopoly. Vanguard is a mutual fund. Mutual funds hold stocks. Vanguard became large because they offered a product at a lower price than its competitors. Vanguard funds basically own every stock in the investable universe. Vanguard doesn't care at all about private prisons or anything you are saying. Not even a little bit. They actually don't profit from their investments or than the very small increase in their total assets. The people invested in the funds get 99.75% of the profits
    14 replies | 408 view(s)
  • Krugminator2's Avatar
    12-05-2017, 03:16 PM
    Gold and treasuries are probably pretty close from a very long term historical perspective. I would guess gold would do better over the next 10 years but that is purely a guess. It is more interesting to read how aggressively stupid so many of the people commenting on the Tweet are. I noticed a lot of people have very confident opinions on things they have no business being confident on.
    25 replies | 508 view(s)
  • Krugminator2's Avatar
    12-04-2017, 09:06 PM
    Doctors don't make that much. They are underpaid. Do you know how hard it is to get into Med school (assuming you are white or Asian)? You need close to a 4.0 or a really high MCAT. You are a decade behind in making money. You don't start making a good income until your 30's at which point the earning potential is pretty capped for most physicians. Every person in Med school is smart so there isn't much scholarship money. So you often need student loans The average student loan debt for a new doctor is apparently 166k. https://www.cbsnews.com/news/1-million-mistake-becoming-a-doctor/ Then you have all the other worries like people suing you and all the paperwork headaches. I wouldn't want that career path.
    5 replies | 172 view(s)
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