[Copypasta] NOT. SELLING. GAMESTOP.

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.

February 2021

WallStreetBets

Priced in

Don't even ask the question. The answer is yes, it's priced in. Think Amazon will beat the next earnings? That's already been priced in. You work at the drive thru for Mickey D's and found out that the burgers are made of human meat? Priced in. You think insiders don't already know that? The market is an all powerful, all encompassing being that knows the very inner workings of your subconscious before you were even born. Your very existence was priced in decades ago when the market was valuing Standard Oil's expected future earnings based on population growth that would lead to your birth, what age you would get a car, how many times you would drive your car every week, how many times you take the bus/train, etc. Anything you can think of has already been priced in, even the things you aren't thinking of. You have no original thoughts. Your consciousness is just an illusion, a product of the omniscent market. Free will is a myth. The market sees all, knows all and will be there from the beginning of time until the end of the universe (the market has already priced in the heat death of the universe). So please, before you make a post on wsb asking whether AAPL has priced in earpods 11 sales or whatever, know that it has already been priced in and don't ask such a dumb fucking question again.

December 2020

Classic

WallStreetBets

No name calling

I just had a conversation w a 🐂 that didnt resort to name calling... We just spoke our peace and wished ourselves good luck and now i dint know what to do with myself. I think im going to go back and call him a bitch.

December 2020

WallStreetBets

I am financially ruined

I came here for the first time and in 3 minutes made the decision to put way more than I can afford into PLTR calls. I’m too retarded and now I literally dont know what to do I am financially ruined and I can’t even remember what I read that said this pltr thing was a good move. Fml

December 2020

WallStreetBets

Careful bulls, dangerous things past the moon

Careful tomorrow bulls, there are dangerous things past the moon. ✨ .-' `'. ✨ / \ . ☀️ ☀️ | ; ✨ | | ___.--, _.._ |0) ~ (0) | _.---'`__.-( (_. ✨ __.--'`_.. '.__.\ '--. \_.-' ,.--'` `""` ( ,.--'` ',__ /./; ;, '.__.'` __ _`) ) .---.__.' / | |\ \__..--"" """--.,_ . ☀️ `---' .'.''-._.-'`_./ /\ '. \ _.-~~~````~~~-._`-.__.' | | .' _.-' | | \ \ '. `~---` ✨ \ \/ .' \ \ '. '-._) ✨ ✨ \/ / \ \ `=.__`~-. jgs / /\ `) ) / / `"".`\ , _.-'.'\ \ / / ( ( / / . ☀️ `--~` ) ) .-'.' '.'. | ( (/` ( (` ) ) '-; ` '-; (-' ✨ ✨ ✨ ☀️ 🚀 <--- BULLS ✨ ☀️ ✨ 🌙 ☀️ ☀️ ☀️ ✨ 🌎 ✨ 🌝 ☀️ ✨ ✨

ascii art

December 2020

[Copypasta] NOT. SELLING. GAMESTOP.

WallStreetBets

WallStreetBets

I am going to short the whole country of South Africa

WallStreetBets

Priced in

Classic

WallStreetBets

No name calling

WallStreetBets

I am financially ruined

WallStreetBets

Careful bulls, dangerous things past the moon

WallStreetBets

Confirm Subscription