<2021-12-03T19:46:45.000Z> dew_the_dew: what's with the ape emoji
<2021-12-04T02:55:23.000Z> dew_the_dew: hey
<2021-12-04T02:55:24.000Z> dew_the_dew: hey
<2021-12-04T02:55:26.000Z> dew_the_dew: hey
<2021-12-04T02:55:27.000Z> dew_the_dew: hey
<2021-12-04T02:55:29.000Z> dew_the_dew: hey
<2021-12-04T02:55:30.000Z> dew_the_dew: hey
<2021-12-04T03:37:39.000Z> dew_the_dew: hey
<2021-12-04T03:37:47.000Z> dew_the_dew: hey
<2021-12-04T03:45:37.000Z> dew_the_dew: whats with the ape emoji
<2021-12-04T03:45:45.000Z> dew_the_dew: you saw my evergrande post
<2021-12-04T04:34:55.000Z> TinyFern: Um it was a while ago 
<2021-12-04T04:35:02.000Z> dew_the_dew: OH HI GOOD JOB
<2021-12-04T04:35:05.000Z> TinyFern: What was the post saying 
<2021-12-04T04:35:11.000Z> TinyFern: 👍
<2021-12-04T04:35:23.000Z> dew_the_dew: evergrande is officially in default the letter has come out of hong kong
<2021-12-04T04:35:31.000Z> dew_the_dew: after this shit being obvious for six months or so
<2021-12-04T04:35:45.000Z> TinyFern: Hmmm
<2021-12-04T04:35:53.000Z> dew_the_dew: but you put an ape emoji on your reaction
<2021-12-04T04:36:03.000Z> dew_the_dew: i was going to talk to you about meme stonks
<2021-12-04T04:36:42.000Z> dew_the_dew: because i don't talk about that shit publicly on here
<2021-12-04T04:37:14.000Z> TinyFern: I'm gonna be real here and tell you I've been operating on <4 hour blocks of sleep since my baby was born and my memory is shotI have no idea what I meant 
<2021-12-04T04:37:19.000Z> dew_the_dew: kek
<2021-12-04T04:37:20.000Z> TinyFern: Sorry
<2021-12-04T04:37:28.000Z> dew_the_dew: no worries
<2021-12-04T04:38:11.000Z> dew_the_dew: this evergrande shit is yuge tho
<2021-12-04T04:38:26.000Z> dew_the_dew: bitcoin reacted hard
<2021-12-04T04:39:47.000Z> TinyFern: Evergrande is big enough to topple the dominos in the Chinese real estate market and Chinese investors in foreign markets will liquidate their assets, popping the western real estate bubble 
<2021-12-04T04:39:58.000Z> TinyFern: That's instant depression 
<2021-12-04T04:40:21.000Z> dew_the_dew: lol it's even worse
<2021-12-04T04:40:39.000Z> TinyFern: That said, everybody in finance knows that too so there's a lot of government pressure to spread around the debt and make everything stable 
<2021-12-04T04:41:03.000Z> dew_the_dew: they are screwing offshore debt holders first
<2021-12-04T04:41:14.000Z> TinyFern: My economic predictions stop working once the fed gets involved, I have learned 
<2021-12-04T04:41:14.000Z> dew_the_dew: china will make sure chinese debt holders get paid
<2021-12-04T04:41:27.000Z> dew_the_dew: but their bonds are going to be worthless
<2021-12-04T04:41:42.000Z> TinyFern: I thought everything would collapse with the pandemic response but it turns out they'll just double the quantity of money and not give a damn
<2021-12-04T04:41:57.000Z> dew_the_dew: and as i'm sure you know hedgies and the like love to hold bonds as collateral for leveraged bets
<2021-12-04T04:42:24.000Z> dew_the_dew: have you been tracking the reverse repo utilization?
<2021-12-04T04:43:33.000Z> TinyFern: I think it was macrovoices where I heard about basically the stocks/bonds relationship was about to break due to the yield curve inversion but nobody would notice until everything really hits the fan 
<2021-12-04T04:43:52.000Z> TinyFern: Bonds as collateral doesn't make sense any more but everything is overleveraged anyway 
<2021-12-04T04:44:14.000Z> dew_the_dew: it hasn't made sense since 2008 but that hasn't stopped them from doing it anyway
<2021-12-04T04:44:24.000Z> dew_the_dew: "check out this chinese corporate paper it's AAA gibs me margin"
<2021-12-04T04:44:46.000Z> TinyFern: The govs have pulled out all the stops to stop another crash since 2008 but it means there is zero slack in the system to prevent this from collapsing 
<2021-12-04T04:45:22.000Z> dew_the_dew: most of the new money they injected into the supply
<2021-12-04T04:45:36.000Z> dew_the_dew: well not most of it
<2021-12-04T04:45:46.000Z> dew_the_dew: but the overnight reverse repo desk has gone insane over the last year
<2021-12-04T04:45:56.000Z> TinyFern: It's either going to be massive crash or incredible inflation/stagflation and I don't know which and they suggest opposite courses of action 😫
<2021-12-04T04:46:07.000Z> TinyFern: Yeah 
<2021-12-04T04:46:28.000Z> dew_the_dew: idk
<2021-12-04T04:46:32.000Z> dew_the_dew: i bought all the gamestop i could afford
<2021-12-04T04:46:54.000Z> TinyFern: I stopped watching reverse repo in like February when it became apparent that they're playing by WLIIA rules 
<2021-12-04T04:47:01.000Z> TinyFern: It's all made up and the points don't matter 
<2021-12-04T04:47:28.000Z> dew_the_dew: it's up to ~1.5 trillion a day now
<2021-12-04T04:47:44.000Z> TinyFern: I don't put my money into markets, takeaway is a better investment 
<2021-12-04T04:47:50.000Z> TinyFern: Oh damn
<2021-12-04T04:47:57.000Z> dew_the_dew: just parked in bonds yielding 0.05% overnight
<2021-12-04T04:48:17.000Z> dew_the_dew: which barely mitigates the inflation hit
<2021-12-04T04:48:26.000Z> dew_the_dew: because they see everything else as so toxic
<2021-12-04T04:49:42.000Z> dew_the_dew: i expect next week to be brutal for the market
<2021-12-04T04:49:51.000Z> dew_the_dew: VIX is going crazy again
<2021-12-04T04:50:33.000Z> TinyFern: Idk man 
<2021-12-04T04:50:58.000Z> TinyFern: Message @christ_is_lord he's good for a chat about this stuff 
<2021-12-04T04:51:05.000Z> TinyFern: Gotta bath my baby ttyl
<2021-12-04T04:51:09.000Z> dew_the_dew: anyway throw 175 bux into a share of a strip mall videogame retailer or not.......the people researching this shit have uncovered some crazy shit
<2021-12-04T04:51:15.000Z> dew_the_dew: they went fiat with stocks
<2021-12-04T05:54:42.000Z> dew_the_dew: youtube.com/watch?v=qtkaMx12otQ
<2021-12-04T05:54:53.000Z> dew_the_dew: this is patrick byrne the overstock.com ceo who went qtard
<2021-12-04T05:54:58.000Z> dew_the_dew: this is from 2006
<2021-12-04T05:59:20.000Z> TinyFern: Have you seen Princes of the Yen?
<2021-12-04T05:59:36.000Z> TinyFern: Fills you with rage but really really good 
<2021-12-04T06:00:44.000Z> dew_the_dew: it's on the list now thanks
<2021-12-04T06:00:48.000Z> dew_the_dew: bed soon
<2021-12-04T06:00:56.000Z> dew_the_dew: buttcorn is dying
<2021-12-04T06:01:01.000Z> dew_the_dew: graf says he's buying
<2021-12-04T06:01:04.000Z> dew_the_dew: i think he's wrong
<2021-12-04T06:01:09.000Z> dew_the_dew: tether is about to shit the bed
<2021-12-04T06:01:25.000Z> dew_the_dew: in tandem with the evergrande and all the chinese corporate paper
<2021-12-04T06:02:15.000Z> dew_the_dew: the byrne video is about naked shorting which amounts to counterfeiting stocks
<2021-12-04T06:02:26.000Z> dew_the_dew: it's all very fucked
<2021-12-04T06:02:41.000Z> dew_the_dew: we need blockchain solutions badly
<2021-12-04T06:03:06.000Z> dew_the_dew: the motherfucking strip mall video game retailer may actually end up playing a crucial role in this
<2021-12-04T06:10:11.000Z> TinyFern: I've kind of checked out tbh 
<2021-12-04T06:10:22.000Z> TinyFern: If GameStop is doing it then everybody is 
<2021-12-04T06:10:33.000Z> dew_the_dew: lol no
<2021-12-04T06:10:38.000Z> TinyFern: Which means the only move that matters is what the central banks do 
<2021-12-04T06:11:45.000Z> dew_the_dew: the guy who founded chewy bought enough gamestop to become chairman of the board and he's running shit now
<2021-12-04T06:13:43.000Z> TinyFern: I meant more that most big companies are big into speculation 
<2021-12-04T06:14:03.000Z> TinyFern: Tesla has probably made more on Bitcoin than on cars 
<2021-12-04T06:14:05.000Z> dew_the_dew: they benefit from the (fraudulent) current status quo
<2021-12-04T06:14:22.000Z> dew_the_dew: tesla actually makes most of their coin selling carbon credits to other car mfters
<2021-12-04T06:14:40.000Z> TinyFern: The big debt bubble has floated stock prices and companies have extraordinary quantities of money borrowed against the expected value of those stocks 
<2021-12-04T06:14:46.000Z> dew_the_dew: and other gov-originated sweetheart deals
<2021-12-04T06:15:10.000Z> dew_the_dew: tesla should be valued at 10-20% of what it is currently
<2021-12-04T06:15:19.000Z> TinyFern: If that highly 
<2021-12-04T06:15:52.000Z> dew_the_dew: from ~700-1200 because a bankrupt car company said they were going to order more teslas than tesla can even produce in a reasonable timeframe
<2021-12-04T06:16:00.000Z> dew_the_dew: just fuck my shit up
<2021-12-04T06:16:41.000Z> TinyFern: Can't remember the number but they're valued as though they're going to be 300% of the car industry despite having none of the technical production know how of the big manufacturers and nowhere near the scale to do it 
<2021-12-04T06:17:20.000Z> TinyFern: Stonks are a lie  
<2021-12-04T06:17:32.000Z> TinyFern: It's all gimmedats 
<2021-12-04T06:17:36.000Z> dew_the_dew: keep the patrick byrne video around for when you feel like it
<2021-12-04T06:17:48.000Z> dew_the_dew: it absolutely is gimmedats
<2021-12-04T06:17:53.000Z> TinyFern: The future is woke fascism so gov compliance is the highest priority
<2021-12-04T06:18:44.000Z> TinyFern: Will do. I find videos hard to watch at the moment since I do lots of intermittent tasks so if there's a long article that says the same thing I'd probably get to it sooner tbh
<2021-12-04T06:19:43.000Z> dew_the_dew: there's not a shit ton of visuals he just explains how the broker/dealers interface with the DTCC to facilitate trading and then goes into the fails-to-deliver and the history of this shit
<2021-12-04T06:20:00.000Z> dew_the_dew: it's more like a college lecture with powerpoint slides
<2021-12-04T07:20:56.000Z> TinyFern: Oh cool 