I know this is really stupid but I’m sad about it.
Yesterday I had a friend come over. I’m a girl who lives alone so I guess some “dude” stuff hasn’t been done around the house.
Context: I have a spider named joe. He’s a dandy long leg. He’s been my friend in the bathroom for months and had recently made his way down to closer by me by the tub instead of on the ceiling. I like to think I gained his trust.
Well my friend goes into the bathroom and comes out said “you’re welcome”. I’m super confused. So I ask “for what?” He says “I just killed a big ass spider for you”.
I couldn’t even contain myself. I just yelled “YOU KILLED JOE?!” And started tearing up. I didn’t tell him to leave Joe alone it never occurred to me. JOE TRUSTED ME. Joe had been in my bathroom since he was super tiny and he grew to be such a big boy.
My friend was distraught. He’s a Pisces, so he immediately felt my deep sorrow for Joe. He apologized and swore to never squish any more spiders at my house.
I think Joe was biologically female because there is a baby Joe. Baby Joe is on my ceiling but idk if I can gain Baby Joe’s trust after they witnessed the murder of their parental figure.
RIP Joe I miss you so much. Getting ready in the morning will never be the same.
I used to be a real ad
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Look what Casualstone has done to you Kripp
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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.
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