twitchquotes:
I'm twelve but everyone says I am very mature for my age and say I'm basically 16. Also, I love real bands like AC/DC and punk rock like green day so I'm not your typical 12 year old.
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I used to be a real ad
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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.
WallStreetBets
My girlfriend’s dad is a banking exec (post on /r/cryptocurrency)
My girlfriend’s dad is a banking exec, I told him I’m all in on crypto
He and I met yesterday. He is a kind and mild mannered guy who comes off as deeply intelligent. I asked him how he felt about decentralized finance and he said it was a risky venture (no surprise from his banking point of view) and anyone putting money into it is a fool.
He seemed disappointed that his daughter’s boyfriend wanted to talk about crypto. For me, crypto has fundamentally changed my life - it has taught me about finance, geopolitics, and that I have the agency to live a life I wasn’t sure was possible. So, when he seemed disappointed, what did I do? I doubled down. I gave an impassioned speech about why cryptocurrency is changing the world and democratizing resources that traditionally only the wealthy had access to. It is giving poor communities a fighting chance and that it is revolutionary and something that is a big part of my investment strategy.
I don’t know what the point of this post is, but I just, idk, he made me feel like a fool of an investor because he either just doesn’t get it or is scared of it and I feel like his view of me has become less favorable in terms of dating his daughter, but I’m going to stand up for what I believe in.
Ramble over.
Cryptocurrency
Lenny face evolves
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( ͡° ͜ʖ ͡°)( ͡⊙ ͜ʖ ͡⊙)( ͡◉ ͜ʖ ͡◉)
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I hope your arena wins soar as high as I'm going to be
twitchquotes:
Key Kripp! I'm Rob! I just purchased a fresh, legal dimebag from a Colorado dealer and intend to celebrate. I hope your arena wins soar as high as I'm going to be during the stream
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Kripp
Do you think this will affect my late game Vayne?
twitchquotes:
Tensei, I have been playing league competitive for many years now, but at the most recent event I drank too much with Meteos. I woke up the next day in his bed with my fingers smelling a bit rank. Do you think this will affect my late game Vayne(s)?
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Reynad