Our government is so kind and caring for us. Waits till the very last minute to finally pass something and gives us $600 which should last us for at least 5 months. God bless this country
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More WallStreetBets Copypastas
What the fuck did you just fucking say about OTM FDs
What the fuck did you just fucking say about OTM FDs, you little bitch? I'll have you know I graduated bottom of my class in the Special Needs Division of the Navy Seals, and I've been bag holding from pump n' dumps on WSB since 2012, AND I have over 300 confirmed margin calls. I am trained in the 'tism and I'm the top retard in the entire United States armed forces. You are nothing to me but just another normie retail investor. I will wipe out my portfolio with precision the likes of which has never been seen before on this Earth, mark my fucking words. You think you can get away with saying that shit about OTM FDs over the Internet? Think again, fuckface. As we speak I am contacting my wife's network of boyfriends across the USA and your IP is being traced right now so you better prepare for the storm, maggot. The storm that wipes out the pathetic little thing you call your portfolio. Your fucking 401k is dead, kid. I can trade anywhere, anytime, and I can lose fat stacks over seven hundred ways, and that's just with TSLA FDs. Not only am I extensively trained in sniffing glue, but I have access to the entire crayon collection of the United States Marine Corps and I will use it to its full extent to wipe your miserable ass boomer stocks off the face of the continent, you little shit. If only you could have known what unholy retribution your little "clever" comment was about to bring down upon you, maybe you would have held your fucking tongue. But you couldn't, you didn't, and now you're paying the price, you goddamn idiot. I will shit crayon diarrhea all over you, the likes of which would make even Jackson Pollock jealous, and you will drown in it. You're fucking done, kiddo.
WallStreetBets
Navy Seal
I am going to short the whole country of South Africa
I assure you, this ISN'T going to get political. Because by all accounts South Africa is screwed. My planned position is bottom paragraph.
Under the current ANC government there has been a general degeneration of all aspects of South Africa. Due to systemic nepotism, there are math teachers that don't know what square roots are, army officers that can't read, and cops that have never fired a gun. The practice of fictitious employees that take checks but don't work there is widespread enough that the government has drove itself into insolvency already. Estimates are that some 80% of government funds are misused in some way, ranging from government subsidies given to businesses owned by government officials to simply going missing from accounts. The ANC solved this, against advise of wiser people, with quantitative easing. Which is a fancy term for printing money, and since they could never possibly reverse that printer they're inflating the South African Rand which is why they've had two bouts of inflation near 9% twice in the past 20 years.
That is all besides how the largely defunct government doesn't prevent anything on the ground. Roaming bands of pirates (many affiliates of the Marxist Economic Freedom Fighter party) will poison guard dogs and torture and murder residents often for as little as car keys and groceries. Many communities are functionally independent and take the law in their own hands, and in many areas utilities are defunct (untreated sewage goes in the river, untreated tap water comes out and it smells as disgusting as it sounds). South Africans are more likely to have their asylum applications accepted than any other nation as there are so many tales of rape and murder and threats of ethnic cleansing. This equates to the most educated citizens leaving SA and most SA based businesses diversifying out of the country as literacy rates have been falling. These disillusioned departures are not new, as they include the most famous Afrikaner in history Elon Musk who is now a naturalized American.
Edit: The Economic Freedom Fighter's usual acronym isn't used because it's also the ticker for a penny stock.
I first thought about shorting South Africa over a year ago when I was researching the country (I'm a historian, I read much on the country for fun). I found the only index tracking SA (EZA) wasn't an accurate representation of SA economy and buying puts on it was useless. It tracked only the largest cap firms, which are the aforementioned companies diversifying out of SA (mostly to other parts of Africa). Which is why it's a volatile ETF that overall trades sideways. Buying puts on it wouldn't really capitalize on SA going full Rhodesia/Zimbabwe. Zimbabwe having experienced the general breakup of modern institutions and hyperinflation due to similar problems.
My new broker, IBKR, allows negative currency positions as long you post 10% as collateral. Now my native currency are US dollars, where inflation in 2020 was 1.4% while the South African Rand's inflation was 4.12% in 2020. That equals a 26.8% return on investment per year from that simple short position. But I'm expecting US Dollar inflation to stay between 1-2% a year while the Rand (ticker ZAR) stays north of 4% with inflation spikes inevitable over the next decade. This position also reduces my market beta, much needed for me as I've got hugely leveraged positions on American ETFs. This isn't a short term swing trade, I'm waiting for SA to implode.
WallStreetBets
Jim Cramer responds to GameStop apes on Twitter
But you know what? I miss the good people whom i used to interact before these pathetic parodies of human minds ascended from the gates of hell. Well, now that i know they are going broke and just care about Gamestop and pump and dump schemes I will end their tyranny. NOW
WallStreetBets
GME stock and WSB vs short sellers
Let me tell you what happens tomorrow because it's even worse than what happened today. There they are, Melvin Capital. Furiously jerking their 2 inch boomer cocks to their GME short gainz. They are so close, edging themselves with "Oh yeah, the next Blockbuster" and "Yes baby, brick and mortar go bye-bye." They even sit in a circle sucking and jerking each other off, double fisting like they're skiing down Mt. Everest with cocks instead of poles.
Out of nowhere, Ryan Cohen steps in with the most massive and vieniest schlong they've ever seen. He starts eating their lunch and muttering about Cheey for games and they can't do anything because their engorged penises are stuck in eachothers mouths and poop chutes. They attempt to ignorr him and try to keep jerking but they accidentally used hand sanitizer instead of lotion. BAM GME starts rising from the ashes and the retards of WSB are lighting the fires. We brought lighters that we borrowed from our wives boyfriend's and they weren't those shitty clear one. We have motherfucking Bics and torches.
Melvin is crying and pleading but we are too retarded to understand coherent English. They see giant red dildos on their screens and their buttholes begin to pucker. They dump everything they have at us in an attempt to supress the price but again, we only understand broken english and emojis. We only understand basic visuals and colors. When we see green, we buy. When we see red, we take out another student loan or CC cash advance and we buy more. We are fucking unstoppable. GME skyrockets and they start scrambling to pull dicks out of random orifices, but it's too late. Bears R Fuk. After we are done splooging all over their faces, and becoming their wife's new boyfriends, we throw Melvin and BOA on the chopping block to be liquidated and disposed of.
That's what happens tomorrow, and we are gonna turn that shit into a movie.
WallStreetBets
Team Bull vs Team Bear
Team Bull
Jerome "We print it digitally" Powell
Elon "TSLA stonk too low imo" Musk
Nancy "Stimulus talks going well" Pelosi
Donny "Stop the count" Mango
Janet "Unlimited QE bitch" Yellen
Lisa "Su Bae" Su
Ryan "Make Gamestop great again" Cohen
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VS
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Team Bear
Jeff "No stock split to keep the poors out" Bezos
Mitch "Stimulus talks not going well" Mcconnell
Steven "Discontinue the PPP" Mnuchin
Andrew "PlTr PrIcE tArGeT $10" Left
Tim "Don't call me by my slave name" Apple
Michael "I'm publicly shorting TSLA" Burry
Warren "I fought in the Civil War" Buffet
Which team will win?
Team Bull or Team Bear?
Load up on weeklies for a ticket to the pay per view hell in the cell match.
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Special Guests:
That one JPM analyst with TSLA 90p 12/18
Life savings SPCE calls guy
Jim "FUCK ROBINHOOD" Cramer