Stockspy

Stock spy. Gen X. I look for things that most people aren't looking at. Technical analysis, market insight from 30+ years of trading. long/short

[Stockspy @Stockspy1]

@CARPEAMERICA @MartinShkreli Thats a different question

[Stockspy @Stockspy1]

Well you're not supposed to be sleeping with people that are subordinate to you....unfair power dynamics etc

And if you make a product that has national security implications and its partially banned from sales in China....you probably shouldn't be doing business with Chinese spies, or sleeping with them

Hope this primer helps

[Stockspy @Stockspy1]

Honestly...we'll see what happens tomorrow...but seems like Jensen news is really a nothing burger for the market

Dont take my word..look at the futures....

[Stockspy @Stockspy1]

If its true that the fed can print money to bail out banks, then it's a reasonable question: why can't they do that for Healthcare...or (fill in the blank)

Its legitimate question

[Stockspy @Stockspy1]

capitalism doesn't work when there is a RISK FREE creator of money

Its one thing if a bank can create money (fractional reserve system) and lend it out with the risk that it may not get paid back. That's a proven system

Its quite a another thing when the Fed can create unlimited amounts of money, lend it to the government (or whoever it wants), with any interest going back into the gov't Treasury.

That's going to devalue money (and savings) obviously, leading to the current dystopia where your savings are diminished and the only way to get ahead is to buy assets (assuming you have savings to invest).

the Fed.. is the problem.. not the political parties.. but we haven't reached that level of awareness yet.. so for now.. musical chairs and increasingly radical leaders will be the remedy, until that fails as well.

[Brivael Le Pogam @brivael]

A huge share of young people now believe the problem is capitalism.

In the US, 62% of 18 to 29 year olds have a favorable view of socialism. In France, far-left Jean-Luc Mélenchon leads among 18 to 25 year olds in every 2027 scenario.

They're right about one thing: something is broken. They just have the wrong culprit.

The problem isn't the market. It's the State. And only the State.

Let's go back to the two crises they've been fed since school as proof that "capitalism collapses on its own."

Start with 1929. They're told about crazed speculators on Wall Street. What they're not told: the Federal Reserve tightened in 1928 and 1929 to cool the stock market. Then, as banks failed one after another from 1930 on, it watched. It did nothing. Between 1929 and 1933, the US money supply collapsed by a third. Nearly a third of all banks vanished.

A crash didn't cause the Great Depression. A central bank strangling the money supply did.

And that's not me saying it. It's the Fed itself. In 2002, Ben Bernanke, future Fed chairman, addressed Milton Friedman on his 90th birthday: "Regarding the Great Depression. You're right, we did it. We're very sorry."

Then the State piled on. The Smoot-Hawley tariffs in 1930, which helped crater world trade. A top marginal tax rate hiked from 25% to 63% in 1932. Then Roosevelt, in 1933, banned Americans from owning gold, bought it from them at $20.67 an ounce, and revalued it at $35 a few months later. A 40% devaluation with the stroke of a pen.

Now 2008. Same story: greedy bankers, deregulation. Look instead at who was pulling the levers.

After 2001, Greenspan cut the Fed's rate to 1% in June 2003, the lowest since 1958, and left it there for a year. Free money is a policy decision.

Fannie Mae and Freddie Mac, the two giants of American mortgage lending, were creatures of the State, backed by an implicit taxpayer guarantee. Starting in 1992, Congress imposed "affordable housing" quotas on them. To meet them, they bought $700 billion in subprime securities between 1997 and 2007. In 2003, an internal Fannie memo admitted that because of those goals, it was taking risks it would never have taken otherwise.

September 2008: both were placed under federal conservatorship. Then the State bailed out the banks with the money of people who had decided nothing.

Privatize the profits, socialize the losses. That's not capitalism. It's the exact opposite.

And behind all of it lies the original sin: they broke money.

As long as the dollar was convertible into gold, the State couldn't print without limit. On August 15, 1971, Nixon closed the gold window. "Temporarily." Fifty-five years later, it has never reopened.

Since then, the dollar has lost nearly 90% of its purchasing power. US federal debt went from about $400 billion to $40 trillion. A hundredfold.

Mises and Hayek described all of this back in the 1920s: artificially cheap money creates booms that always end in busts. Hayek won the Nobel for it in 1974. Nobody listened.

When you can print, you stop making trade-offs. You spend, you inflate bubbles, and when they burst, you print more to put out the fire. Every bailout sets up the next crisis.

That's the real mechanism. A central bank setting the price of money the way Gosplan set the price of bread. Governments guaranteeing risk to buy votes. A currency diluted to pay for all of it. And every time it blows up, the same defendant: the market.

Young people are right to be angry. Housing is out of reach, their savings are melting, their future is mortgaged by debts they never voted for.

But capitalism didn't do this to them. What replaced it did.

You don't cure poisoning by raising the dose.

[Axios @axios]

SCOOP: President Trump authorized a crackdown on companies suspected of diverting Nvidia's advanced AI chips to China on Thursday, but one administration official repeatedly stood in the way: Commerce Secretary Howard Lutnick. https://t.co/5Duzi14eEp

[Stockspy @Stockspy1]

@JodiJohnsonPoet smart!

[Stockspy @Stockspy1]

Yall saw Jensen signing his autograph on the breasts of young women.. not like you didn't know

Lol

[Stockspy @Stockspy1]

@0xJaimeth done

[Stockspy @Stockspy1]

@RagingVentures Thats how you know its a good short

[Stockspy @Stockspy1]

@Owennfa The ENTIRE point of 401(k) is to shift the responsibility for your retirement to you, instead of your employer

Thats why it exists

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Nvidia, $NVDA, is preparing to fire Jensen Huang, its founder and CEO, after allegations of a second affair have surfaced, per WSJ.

The board is preparing to meet as soon as today to determine his future.

[Stockspy @Stockspy1]

In the Trump era, GOP believes you can just deny any problems and tell people everything is great and gaslight them and they will fall for it.

My experience is most people will follow their own experience and reality rather than BS fed by politicians and their media propagandists

[Liquid @liquidtrading]

JUST IN: Republican Sen. Josh Hawley calls for a nationwide moratorium on new data-center construction

[Open Source Intel @Osint613]

Building collapses in Brooklyn, New York, killing 1 person and injuring 9 others.

[Stockspy @Stockspy1]

@davevermilion Is he trying to be the next Elon?? Lol

[Steve Lookner @lookner]

"Kimberly Powell, Nvidia’s vice president of health care, at a technology event in Aspen, Colo., in June... Jensen Huang, the leader of Nvidia who is under investigation for an affair with a woman who U.S. intelligence determined is a Chinese spy, also had an extramarital relationship with an executive who reports to him... Kimberly Powell... Both Mr. Huang and Ms. Powell are married to other people." (From the NY Times)
https://t.co/93QI8oYOAX

[Stockspy @Stockspy1]

@p000dl3 She's protecting Hegseth lol

[Stockspy @Stockspy1]

@sierradeva "Sacred" is a human term... even animals have no concept of "sacred " much less AI

Unless you're saying the AI will become a believer in a god

[Stockspy @Stockspy1]

The thing about AI.. walk me through this

Why would it want to destroy humanity, unless humanity PROGRAMMED it to do so?

What's the motivation?

This isn't a DNA based organism. It has no inherent need to procreate or preserve itself

so why would it want to harm anyone or anything?

[Stockspy @Stockspy1]

@sierradeva Why would it value life or nature?.

None of this stuff makes any sense