Banking crisis
By LowIQTrash
16 Mar 2024 10:34 am in No Holds Barred Political Forum
17 Mar 2024 2:02 am
no. turn off the tv. no more problems. /// problems of the mind. active minds have no time for problems. whats in your mind? a problem? or, how to hump the neighbors wife? hump the neighbors wife and other problems vanish. until you get caught.LowIQTrash » 17 Mar 2024, 1:45 am » wrote: ↑ So what do you recommend? Stashing dried fruits, nuts, seeds, rice, beans, & beef jerky somewhere?
17 Mar 2024 7:05 am
When people steal symbolic values, what did they get to survive with? Sure isn't understanding the common situation about equally adapting to life in plain sight.walkingstick » 17 Mar 2024, 1:40 am » wrote: ↑ WHEN PANIC HITS: people will go crazy. steal every thing of value to survive. those who live in areas where people have nothing, have nothing to risk. rich areas will be the battle grounds of survival. isolated areas will be safest. people who can live off the land will hide. forget raising crops. things will be to violent. hidden food. YES. like an easter egg hunt. many places. how long will the social break down last? over 10 years.
Civic minds only learn how to eliminate each other, not how to survive in a perpetual balancing universe sustaining evolving here one at a time in series parallel results as ancestrally positioned since inception of all the ancestral lineages alive now.
Remember that includes intellectual categories of plant and animal, predator and prey, asexual, male, female body types reproducing their ancestral lineage to the direct population in the atmosphere now.
17 Mar 2024 8:43 am
Barter and the black market, sweetie!!!sootedupCyndi » 16 Mar 2024, 12:02 pm » wrote: ↑ I like gold too. In Theory.
But. If the collapse comes- Who's gonna buy it from you.
They'll make it illegal to own- it will be hard to sell.
And if you want some groceries- you gonna cash in a gold coin?
maybe silver for the small stuff.
17 Mar 2024 8:50 am
The big mistake was when the government allowed the wall between banking, insurance and investments to come down. We have slick willie to thank for that...
17 Mar 2024 9:08 am
I did a great deal of business with organized barter companies with my companies over the years, often more than $30,000 per year in the past. Many people still don't realize that with organized trade you "bank" your trade dollars and they can be used to purchase from any other member in the group. There are both local, regional, and national trade groups, several with over 1000 member businesses involved. However to do a significant amount of volume, you really need to be able to provide a product or service that's in great demand. Services did particularly well. Dentists, attorneys, accountants, auto mechanics, vacation rentals, restaurants, plumbers, electricians, painters, movers, and many more are usually very available on barter.
17 Mar 2024 9:55 am
Honesty isn't a black market item for purchase. A brain earns it between social mentalites never accepting life in real time.
17 Mar 2024 11:33 am
Hi Tatanka.
I'll barter my old car for a horse. A horse would be more reliable.
17 Mar 2024 1:48 pm
"Hat Creek", is that you? (a guy who used to hang around these forums and was an avid options trader)LowIQTrash » 16 Mar 2024, 9:53 pm » wrote: ↑ As an investor, your (our) goal is to maximize returns within acceptable boundaries of risk.
Right now I see silver moving up at least 20% end of year (consolidation price movement is almost over) with a minimum gain of 10%. Calls let you triple (or more) your gains so there really is almost no downside.
As for holding physical silver, there is a much better play which is slowly building a short position with long puts (7 months or more) in tickers like SPY, IWM, and even leveraged ETFs like SOXL and SPXL.
In 2020, SPY fell about 30% while SPXL fell 75% during the 2 month crash. A short term put in SPXL would easily have returned 500% or more while a more conservative options play (let’s say 10 months out) would still see 250% or more gains in the span of 2 months.
Something like this is brewing this year and I want to snatch that opportunity with full force.
Physical Silver seems to be a very low reward, low risk play at this point so I fail to see the purpose.
I applaud anyone who can make consistent returns by their own hand in the markets.
I'm lazy, we pay a guy to take care of that stuff. It is much more boring but goals can be reached even when only expecting a 7% return on average.
The silver is more of an inheritance, I wouldn't buy it as an investment. You never know what an early 70 year old mom will do when receiving a sizable sum of money from her parents. Some silver broker got a hold of her and she wrote checks north of 6 figures combined. That stuff is a pain in the *** to move around. Silver at $45-50 would be kind of fun!
17 Mar 2024 2:14 pm
Make them throw in some hay...LOL!!!sootedupCyndi » 17 Mar 2024, 11:33 am » wrote: ↑ Hi Tatanka.
I'll barter my old car for a horse. A horse would be more reliable.
17 Mar 2024 2:24 pm
Ok! I will try?
17 Mar 2024 3:04 pm
Not buying your 'Doom and Gloom' scenario!LowIQTrash » 16 Mar 2024, 9:53 pm » wrote: ↑ As an investor, your (our) goal is to maximize returns within acceptable boundaries of risk.
Right now I see silver moving up at least 20% end of year (consolidation price movement is almost over) with a minimum gain of 10%. Calls let you triple (or more) your gains so there really is almost no downside.
As for holding physical silver, there is a much better play which is slowly building a short position with long puts (7 months or more) in tickers like SPY, IWM, and even leveraged ETFs like SOXL and SPXL.
In 2020, SPY fell about 30% while SPXL fell 75% during the 2 month crash. A short term put in SPXL would easily have returned 500% or more while a more conservative options play (let’s say 10 months out) would still see 250% or more gains in the span of 2 months.
Something like this is brewing this year and I want to snatch that opportunity with full force.
Physical Silver seems to be a very low reward, low risk play at this point so I fail to see the purpose.
You will snatch defeat from the jaws of victory!
17 Mar 2024 5:27 pm
Well in Slick Willie’s defense, he was doing what the “free market” ideologues wanted.Buffalo » 17 Mar 2024, 8:50 am » wrote: ↑ The big mistake was when the government allowed the wall between banking, insurance and investments to come down. We have slick willie to thank for that...
Don’t assume for a second if Bob Dole were president things would be any different.
17 Mar 2024 5:34 pm
1. I’m not HCFuelman » 17 Mar 2024, 1:48 pm » wrote: ↑ "Hat Creek", is that you? (a guy who used to hang around these forums and was an avid options trader)
I applaud anyone who can make consistent returns by their own hand in the markets.
I'm lazy, we pay a guy to take care of that stuff. It is much more boring but goals can be reached even when only expecting a 7% return on average.
The silver is more of an inheritance, I wouldn't buy it as an investment. You never know what an early 70 year old mom will do when receiving a sizable sum of money from her parents. Some silver broker got a hold of her and she wrote checks north of 6 figures combined. That stuff is a pain in the *** to move around. Silver at $45-50 would be kind of fun!
2. I would say the options play I have in mind (SLV and miner calls, IWM and SPXL puts) is more of a desperation play since I got hosed a while back / missed all the run ups in **** like Bitcoin and I’m pretty pissed.
I want to catch up and potentially triple my investment portfolio in 1 year.
I have nothing against physical silver, all I know is a lot of these pawn shops and PM dealers are charging rip off “fees” which makes me question if all this “everything will collapse and you’ll starve to death” is just propaganda to sell more silver and gold bars…even the reasonable sites like JM Bullion will only seem like a good deal if you buy their discounted items.
18 Mar 2024 5:31 am
You know the difference between hay and straw? Straw has little nutritional value outside of bedding material and much. When dry a great kindling for a fast spreading fire.
18 Mar 2024 8:07 am
I really hope that works out for you. Tripling a trading account in one year is a lofty goal. That gives me indigestion just thinking about it. My trading experience cost us $50k before I realized how much I suck at it. Luckily that was 25 years ago and moved into the normal long term plan of consistent investments through a 401k. That 7% average return will put us in the Holy Grail area of retirement accounts in a handful of years, or longer probably. We don't have to access those accounts till RMD age which is still a decade in the future.LowIQTrash » 17 Mar 2024, 5:34 pm » wrote: ↑ 1. I’m not HC
2. I would say the options play I have in mind (SLV and miner calls, IWM and SPXL puts) is more of a desperation play since I got hosed a while back / missed all the run ups in **** like Bitcoin and I’m pretty pissed.
I want to catch up and potentially triple my investment portfolio in 1 year.
I have nothing against physical silver, all I know is a lot of these pawn shops and PM dealers are charging rip off “fees” which makes me question if all this “everything will collapse and you’ll starve to death” is just propaganda to sell more silver and gold bars…even the reasonable sites like JM Bullion will only seem like a good deal if you buy their discounted items.
We have a friend who has been trading the Forex for several years, it must not be going well as his wife went back to work. No amount of caution can sway the allure of fast money.
Seriously, best of luck!
18 Mar 2024 5:10 pm
Your admitted $50K loss makes me feel a bit better…my losses were in the $15K area and that was less than 1 year ago. $50K 25 years ago is like what? $180K today?Fuelman » 18 Mar 2024, 8:07 am » wrote: ↑ I really hope that works out for you. Tripling a trading account in one year is a lofty goal. That gives me indigestion just thinking about it. My trading experience cost us $50k before I realized how much I suck at it. Luckily that was 25 years ago and moved into the normal long term plan of consistent investments through a 401k. That 7% average return will put us in the Holy Grail area of retirement accounts in a handful of years, or longer probably. We don't have to access those accounts till RMD age which is still a decade in the future.
We have a friend who has been trading the Forex for several years, it must not be going well as his wife went back to work. No amount of caution can sway the allure of fast money.
Seriously, best of luck!
I don’t think it’s “fast money” that’s the concern, it’s “easy money.” You can make money quickly, but it will never be easy. It’s “easy money” that screams caution.
Thank you, I’ll see how it goes later this year. You can even keep track of silver miners and silver to see how it goes…
SLV, PAAS, AG
Gold miners are also set to move up, just not as violently
4 Apr 2024 11:52 pm
Bad enough to go back to work...but not so bad as to instigate a divorce? Can't be that abysmal...Fuelman » 18 Mar 2024, 8:07 am » wrote: ↑ We have a friend who has been trading the Forex for several years, it must not be going well as his wife went back to work. No amount of caution can sway the allure of fast money.
Seriously, best of luck!
This was one of the tickers I discussed when we had this convo ~2.5 weeks ago, it was around $5.60, now at $7.50
https://finance.yahoo.com/quote/AG/
My only regret is not buying even more calls...(sigh)
And I have no intention of stopping at ~100% gains, I will get more. As I told "perennial question asker" R. Suave, the REAL fireworks of this show haven't even begun yet - when the stock market crashes.
5 Apr 2024 12:01 am
This is slightly off topic (apologies for the triple post), but I even entertained the possibility weeks ago of taking out a "small loan." I figure if retards did just that and sat on real estate for 10+ years while collecting "cash flow" all throughout the Obama + Trump years and managed to make money hand over fist with a barely 3 digit IQ...it might work for an asset that can easily double or triple in 3-6 months.Fuelman » 18 Mar 2024, 8:07 am » wrote: ↑ I really hope that works out for you. Tripling a trading account in one year is a lofty goal. That gives me indigestion just thinking about it. My trading experience cost us $50k before I realized how much I suck at it. Luckily that was 25 years ago and moved into the normal long term plan of consistent investments through a 401k. That 7% average return will put us in the Holy Grail area of retirement accounts in a handful of years, or longer probably. We don't have to access those accounts till RMD age which is still a decade in the future.
We have a friend who has been trading the Forex for several years, it must not be going well as his wife went back to work. No amount of caution can sway the allure of fast money.
Seriously, best of luck!
10-12% interest, paid back in less than 1 year, while underlying asset doubles (100%+)...sign me up.
Or as Robert Kiyosaki (scam artist? cunning salesman? You decide!) said: "Take out debt and buy assets!"
The thought of leveraging into options wouldn't give you indigestion...you would probably faint and require ER services.
5 Apr 2024 5:44 am
hey educated idiot, cost of living index can work the same way coming down as it happens going up. Life never exceeds this balancing point of adapting to the moment intellectual minds never consider possible.LowIQTrash » 04 Apr 2024, 11:52 pm » wrote: ↑ Bad enough to go back to work...but not so bad as to instigate a divorce? Can't be that abysmal...
This was one of the tickers I discussed when we had this convo ~2.5 weeks ago, it was around $5.60, now at $7.50
https://finance.yahoo.com/quote/AG/
My only regret is not buying even more calls...(sigh)
And I have no intention of stopping at ~100% gains, I will get more. As I told "perennial question asker" R. Suave, the REAL fireworks of this show haven't even begun yet - when the stock market crashes. :rofl:
Change your mind and navigate living equally timed apart here as conceived to replace your own unique ancestral lineage like any form of life adapting native to this atmosphere.
Ideologies corrupt ancestries every generation gap to believe life exceeds mutually evolving forward now. That mindset is the root of all evil live with lived by devil in the details to pretending intellect is greater than the brain navigating proportionately alive.
5 Apr 2024 1:17 pm
LowIQTrash » 05 Apr 2024, 12:01 am » wrote: ↑ This is slightly off topic (apologies for the triple post), but I even entertained the possibility weeks ago of taking out a "small loan." I figure if retards did just that and sat on real estate for 10+ years while collecting "cash flow" all throughout the Obama + Trump years and managed to make money hand over fist with a barely 3 digit IQ...it might work for an asset that can easily double or triple in 3-6 months.
10-12% interest, paid back in less than 1 year, while underlying asset doubles (100%+)...sign me up.
Or as Robert Kiyosaki (scam artist? cunning salesman? You decide!) said: "Take out debt and buy assets!"
The thought of leveraging into options wouldn't give you indigestion...you would probably faint and require ER services.
You wouldn't be the first person to consider getting a loan to fund a trading account! It's not easy to find that "extra cash". I had worked for a grocery chain in the mid 90's for a couple of years that was set up as an ESOP. I was only vested 20%, 5-6 years later they sold out and did well enough to make anyone who participated 100% vested. That was my seed money.On the leveraging, why screw around, my short term career trading started with Commodity Options.
Something CP stated the other day:
"Capitalism has turned the US into a country where the working man is under-served, over-taxed, and barred from rising unless he is an absolutely driven, inexhaustible, extremely lucky, and perspicacious fellow. And it has highly-contributing professionals, who studied and prepared and sacrificed, struggling to maintain a middle class lifestyle unless both partners work."
So, there's your template, emphasis on the extremely lucky part.
My luck started when the second time around I married up(2004). The wife is a high school drop out with a Masters Degree and low maintenance to boot. It would be a different world had that not happened.
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