The Girl you just called fat? She shit herself & lost 15kgs. The Boy you just called stupid? He shit himself. The Girl you just called ugly? She spends hours shitting and farting. The Boy you just tripped? He shit his pants. There's more to people than you think. Like this if your against bullying.
I used to be a real ad
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I found one doc that values a ring
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
I hate gaming laptops
Today when I walked into my economics class I saw something I dread every time I close my eyes. Someone had brought their new gaming laptop to class. The Forklift he used to bring it was still running idle at the back. I started sweating as I sat down and gazed over at the 700lb beast that was his laptop. He had already reinforced his desk with steel support beams and was in the process of finding an outlet for a power cable thicker than Amy Schumer's thigh. I start shaking. I keep telling myself I'm going to be alright and that there's nothing to worry about. He somehow finds a fucking outlet. Tears are running down my cheeks as I send my last texts to my family saying I love them. The teacher starts the lecture, and the student turns his laptop on. The colored lights on his RGB Backlit keyboard flare to life like a nuclear flash, and a deep humming fills my ears and shakes my very soul. The entire city power grid goes dark. The classroom begins to shake as the massive fans begin to spin. In mere seconds my world has gone from vibrant life, to a dark, earth shattering void where my body is getting torn apart by the 150mph gale force winds and the 500 decibel groan of the cooling fans. As my body finally surrenders, I weep, as my school and my city go under. I fucking hate gaming laptops.
I'm Summit1g, and this is my stream
twitchquotes:
I'm Summit1g, and this is my stream. I PUBG here with my man JoshOG. Everything in here has a story and a meme. One thing I've learned after 5 years - you never know WHO is gonna camp at the other side of that bridge.
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Summt1g
PlayerUnknown's Battlegrounds
Hey what's up kripp, it's jeremy your neighbor!
twitchquotes:
Hey what's up kripp, it's jeremy your neighbor! I see you're in the office again and playing animated poker - hope everythings well with the wife and garden. Say that lawnmower you borrowed last month; I was wondering when I could expect that back because I noticed your lawn was trimmed no less than three weeks ago but you have yet to bring back my mower. Anyhow , could use that mower. Just checking in but it would be great if I could get that mower back. Thanks again.
twitch chat
Kripp