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I used to be a real ad
More Copypastas
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
EZ Clap
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Pepe
Not funny I didn't laugh
Not funny I didn't laugh. Your joke is so bad I would have preferred the joke went over my head and you gave up re-telling me the joke. To be honest this is a horrid attempt at trying to get a laugh out of me. Not a chuckle, not a hehe, not even a subtle burst of air out of my esophagus. Science says before you laugh your brain preps your face muscles but I didn't even feel the slightest twitch. 0/10 this joke is so bad I cannot believe anyone legally allowed you to be creative at all. The amount of brain power you must have put into that joke has the potential to power every house on Earth. Get a personality and learn how to make jokes, read a book. I'm not saying this to be funny I genuinely mean it on how this is just bottom barrel embarrassment at comedy. You've single handedly killed humor and every comedic act on the planet. I'm so disappointed that society has failed as a whole in being able to teach you how to be funny. Honestly if I put in all my power and time to try and make your joke funny it would require Einstein himself to build a device to strap me into so I can be connected to the energy of a billion stars to do it, and even then all that joke would get from people is a subtle scuff. You're lucky I still have the slightest of empathy for you after telling that joke otherwise I would have committed every war crime in the book just to prevent you from attempting any humor ever again. We should put that joke in text books so future generations can be wary of becoming such an absolute comedic failure. Im disappointed, hurt, and outright offended that my precious time has been wasted in my brain understanding that joke. In the time that took I was planning on helping kids who have been orphaned, but because of that you've waisted my time explaining the obscene integrity of your terrible attempt at comedy. Now those kids are suffering without meals and there's nobody to blame but you. I hope you're happy with what you have done and I truly hope you can move on and learn from this piss poor attempt
Classic
DrDisrespect shungite
Anyways, um... I bought a whole bunch of shungite rocks, do you know what shungite is? Anybody know what shungite is? No, not Suge Knight, I think he's locked up in prison. I'm talkin' shungite. Anyways, it's a two billion year-old like, rock stone that protects against frequencies and unwanted frequencies that may be traveling in the air. That's my story, I bought a whole bunch of stuff. Put 'em around the la casa. Little pyramids, stuff like that.
DrDisRespectLIVE
Classic
Shungite
Bloons TD Dart Monkey
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