Ok, so today I was talking to my friend over text. I asked him what's his favorite anime but then he told me that he doesn't watch it and thinks it's boring. I was confused as to why he didn't watch anime. I told him about how much I like to watch anime "for the plot" but he didn't really show much interest. I then asked him if we could play Among Us later but then he said he has to go to church this afternoon. I never knew he was a Christian. I was asking him why he believed in God and he didn't reply so I told him he's intellectually inferior to me and that his parents indoctrinated him into believing in God. I was sending him scientific studies that show proof that atheists are more intellectually superior to people who believe in religion. I later found out that he was attending a funeral at the church.
What happened to this 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
Who is Octavian Morosan
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Kripp
Do you guys mind not spamming the chat so much?
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MOONMOON
Hi Tyler i'm Adam, Macaiyla's Ex Boyfriend
twitchquotes:
Hi Tyler i'm Adam, Macaiyla's Ex Boyfriend. I dont know why she choosed a 5Β΄6 peanut looking guy over me (Im a 6Β΄7 College athlete and i bench press 500 pounds) but im glad she came around a good fella like you. Remember she like watching at sunsets and reciving chin kisses! Have a good one Buddy!
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Tyler1
UwU
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