Will meta rise too, or will it be negative just to screw people who bought the dip?

---

Yeah, options isn't how you win this. The best bet if you want to make one right now probably is to keep money EU govt bonds and then pivot into US tech once they've crashed because they'll rise again *eventually*.

---

The 39 trillion debt isn’t going to be paid by taxes. It’ll be paid by massive dollar devaluation and the rise in gold and bitcoin. Give me my 2k so I can buy some gold and bitcoin.

---

It’ll rise again just a question of when

---

The problem is that those people are already largely buying low end cars, there's not cheaper cars they can get. The whole thing got worse after COVID too due to the rise in price of used cars. The typical subprime loan right now is 13.88% and is coming off a lot selling used cars, marked down, in as is condition.

---

Depends how we define bubble. Theres a lot of momentum in big tech but there has been for the last 10 years. Back in 2018 I remember everyone was saying the market is hot / it’s a bubble etc. They said the market was propped up on cheap money, as soon as rates rise the market will surely collapse… and yet it didn’t.

---

Gold is a viable medium, and rothbard made a very compelling argument for the removal of the fractional reserve system as a whole. The entire gold won't work argument is derivative of the idea that we need to expand the currency supply using fractional reserve lending to ensure their is captial for investment. In reality, those commodities are grossly undervalued if their valuations reflected the m2 growth their supply wouldn't be an issue. Ie it's possible, if the currency is devalued. The main issue with the fractional reserve system is simple. It's the single largest contributor to business cycles. M2 growth never enters the economy evenly. This distorts proce signals. Distorted price signals lead to malinvestment because they made poor investments temporarily profitable. As price signals stabilize, inflation picks up, and rates inevitably rise all the malinvestment is exposed, private cashflow is in for a roller coaster. If you need an example, just ask why growth stocks get hammered so hard when rates rise. Their debt heavy and their cashflows are rate sensitive. Why does this all tie into gold? The main argument is that commodity currancies reduce the government's ability to apply fiscal and monetary stimulus. While constraining m2, reducing growth. One of the main axioms is that deflation is bad for economic growth and should be prevented at any cost. Which justifies the tools being integrated into the monetary system. Deflation taken in context is not always bad. Debt deflation is absolutely nasty. But that's a result of fractional reserve lending. Some deflation can simply represent rapid economic growth. Post civil War America, for example, experienced deflation and rapid economic growth, reflecting more goods chasing fewer dollars. (Green backs were getting phased out, and the recovery was underway). If i could suggest a book, it would be rothbards Americas Great Depression. I have read the Chicago take as well. Both describe what happened very well. But I think the Chicago school missed the larger picture and put all the blame on the money supply. They needed to ask why one more time. Edit : To clarify, the Chicago school basically said debt deflation and a confidence issue caused the great depression. They pined the blame on a weak response by regulators. Rothbard asked the question, "Why did we get into the position where debt deflation could do this kinda damage to begin with?"". That's why I prefer rothbard, even if Chicago is more relevant to how the economy is run today.

---

* Just after the 1929 peak and days before the crash, Yale economist Irving Fisher famously said that stock prices had reached a “permanently high plateau,” and that he expected the market to be “a good deal higher” in a few months. * Stock markets raced upward during the first half of 1987. By late August, the DJIA had gained 44 percent in a matter of seven months, stoking concerns of an asset bubble. * In September 1999, The Atlantic ran an article by James Glassman and Kevin Hassett titled “Dow 36,000”, arguing that the long bull market was not a bubble and that stocks were actually too cheap relative to their risk. They claimed prices were “destined to rise dramatically in the coming years.” * Ben Bernanke (Fed Chair) In his March 28, 2007 testimony to Congress, Bernanke acknowledged problems in subprime mortgages but said that the impact on the broader economy and financial markets “seems likely to be contained.” * 2020 SEC complaint against John McAfee documents that: In July 2017, he tweeted that Bitcoin would reach $500,000 by the end of 2020. roflmao - literally same sentiment in '29, '87, '00 and '08 guy in different words. I for one have saved your comment and my body is oiled and ready for your loss porn pics.

---

Heh, why move when endless printing is leading to a rise of authoritarianism and extremism right here in the US? Just like every civilization in history. Just gotta wait it out. We're becoming just as xenophobic as China. Just as willing to give up our freedoms.

---

these fee are tiny compare to the rise in value.

---