Ok. Listen up bud. You’re a kid, and you’re getting cocky. You snuck in a few good quick scopes and got a few points ahead of me, but you have no chance. I am a Call of Duty god. I would be killing terrorists in Iraq if it weren’t for the fact that I would punch the drill sergeant in the face if he even looked at me funny. So don’t get cocky, bud. Or just like my kill/death ratio, you’re going down, kid. As soon as I finish the campaign I’m tracking your IP, hunting you down and beating the crap out of you. You’ve been warned.
I used to be a real ad
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BibleThump
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Punish me daddy uwu
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
Enjoy your ban and never come here again
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hey guys when i ban ur ass for posting fucking stupid ass spam dont fucking come to me crying "wahh hwahh i got banned i wasnt doing anything i just asked what build he was going" no u didnt ask that shit u fucking posted huge ass copypasta enjoy ur fucking ban and never come here again
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imaqtpie
Will you be my Quaran-TINE?
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Dear Streamer, please forgive my fever and the coughing of my lungs. Ever since I first entered stream I fell for the way you entertained and captivated the chat. I adored the way you practiced social distancing, responsibly purchased toilet paper, and wore a mask at all times. It is so contagious! Everything that I have witnessed has made my body ache for your pathogens. As your simping loyal petri dish, will you be my Quaran-TINE?
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