Yes. But what does “Pog” mean are you trying to be mean if you are you have, if not then I will tell you again. WHAT. DOES. IT. MEAN. Because I do not know what your talking about bro I don’t know if you are trying to be funny/make a joke or if your being mean? So tell me if your trying to be funny or rude because I don’t know what your talking about.
I used to be a real ad
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Classic
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
Young pistachio becomes grand old cashew
twitchquotes:
Let me tell you a story. I was once a young pistachio like you. But then I saw the light. I saw the kripp and let the kripp into my life. Now I am a grand old cashew with a pepperoni plantation to boot. Don't make the mistake I once did and deny the kripp. Kripp is love. Kripp is life. Praise the Kripp. Amen.
twitch chat
Kripp
Hospitals
twitchquotes:
If 700,000 people die in hospitals every year. Why don't we close down these hospitals and prevent those deaths? (つ ͡° ͜ʖ ͡°)つ
twitch chat
imaqtpie
How do you do, fellow homosexuals?
Hello, fellow homosexuals. It is us, [MULTI-BILLION DOLLAR CORPORATION]. Here to remind you that we support your lifestyle now that it has been federally legalised and it is completely socially safe, allowing for us to capitalise on your existence now it's mainstream. Look, we even changed the colours of [LOGO]! Why did we wait this long to come out and 'support' you? Haha, no more questions, homosexual. Buy our product. Buy our product. BUY OUR PRODUCT.