[Copypasta] WSB Choose your fighter

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.

February 2021

WallStreetBets

I’m a simple guy

I’m a simple guy. I don’t know about all these fancy “financial instruments” or “market dynamics” or “where the clit is.” I like the stock, I buy the stock.

January 2021

WallStreetBets

We should buy Reddit

We should buy Reddit. Not the stock. The actual company. If we all get together and own 51% then we will own this entire website. We could make the rules, profit from the advertising, and finally get paid for the memes we make. I've even come up with a list of things we could do as new owners: Reddit mods can apply for paid-internships at Reddit. This is much closer to having a real job than what they currently do and would benefit the organization. Your flair is your official title at the company. IE: instead of "CFO" you'll be "PotatoFart" NSFW posts will receive special protections--and if you happen to work in our new skyscraper then NSFW posts are automatically considered SFW. Everyone gets a turn in the corporate jet. Elon becomes a mod. He can also apply to become a paid intern. We have a monthly party on our company yacht: The S.S. VisualMod. Our corporate cafeteria is a dining hall with fast food restaurants along the side--but they're all Wendy's. I think this is a great idea. Keep it high and tight. 👖🚀👖🚀👖🚀

December 2021

WallStreetBets

bears are fuk

I hate people saying bears are fuk or bulls are fuk. Stop saying that. It's very rude. Just say bears are fuk

December 2020

WallStreetBets

Did you ever hear the tragedy of Darth JPOW The Wise?

Did you ever hear the tragedy of Darth JPOW The Wise? I thought not. It’s not a story the Motley Fool would tell you. It’s a 🏳️‍🌈🐻 legend. Darth JPOW was a Dark Lord of the FED, so gay and such a bear he could use his money printer to influence the economy to create inflation… He had such a knowledge of the economy that he could even keep stonk prices from falling. The dark side of the economy is a pathway to many abilities some consider to be… transitory. He became so powerful… the only thing he was afraid of was losing his tendies, which eventually, of course, he did. Unfortunately, he taught Nancy Pelosi everything he knew, then she sold at the top. Ironic. He could save others from market corrections, but not himself.

May 2022

[Copypasta] WSB Choose your fighter

WallStreetBets

WallStreetBets

I am going to short the whole country of South Africa

WallStreetBets

I’m a simple guy

WallStreetBets

We should buy Reddit

WallStreetBets

Reddit

bears are fuk

WallStreetBets

Did you ever hear the tragedy of Darth JPOW The Wise?

WallStreetBets

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