scamerica first

Real incomes haven’t gone up since Feb 2020, hate rent seeking in all forms unless it benefits me

[scamerica first @guy84179559]

@just_whatever @KMbappe @ErlingHaaland Messi is the goat obviously. But these “10 sigma event” stats need to be banned permanently.

[scamerica first @guy84179559]

@just_whatever @KMbappe @ErlingHaaland lol badstats

[Pythia Cap: Partially Conductive @PythiaR]

So the new ballroom is both over budget and now ~50% taxpayer funded, AND the new reflecting pool bottom actually just heats up the water faster and accelerates algae growth AND Iran is going to get $300 billion AND DOGE didn't save any money.

[Lee Roach @leevalueroach]

I do not understand, in 2026, why anyone is shorting anything, and I have, over the last several years, watched a generation of intelligent, well-credentialed, technically sophisticated investors set fire to their capital on the short side of a market that has been telegraphing its direction with the subtlety of a marching band, and the only explanation I have ever been able to construct is that none of these people have read a single page of monetary history written before 1990.

The setup is not subtle. The federal government is running a 7% structural deficit with no political coalition in either party willing to address it. The Treasury is issuing debt at a pace that will push publicly held debt-to-GDP past 130% within five years, which is the level at which, historically, every government in recorded history has either inflated its way out, defaulted, or both. The Fed is, regardless of what it says in public, the marginal buyer of that debt, and the only mechanism it has to fund the purchases is the creation of new dollars. The money is being printed. The debt is being monetized. The currency is being debased. And asset prices, which are denominated in the currency being debased, are doing the only thing they have ever done in any country that has ever tried this, which is going up.

Every country that has run this experiment has produced the same chart. Weimar Germany in 1922 and 1923 produced one of the most violent equity bull markets in recorded history in nominal terms, as the mark collapsed and the Berlin exchange repriced upward by orders of magnitude. Argentina, across four separate inflationary cycles since 1975, produced in each cycle a nominal rally that outran every short thesis published, while the peso lost 99.9% of its purchasing power. Zimbabwe in 2007 and 2008 produced an equity market that rose so violently the exchange had to be closed because the calculations could not keep up. Turkey, right now, in front of the entire world, has produced a Borsa Istanbul up 1,400% in lira terms while the lira has lost 85% against the dollar, and every short of Turkish equities has been carried out in nominal terms even when they were right in real terms.

The lesson is not that asset prices are going up because the businesses are getting better. The lesson is that asset prices are going up because the unit they are measured in is getting smaller, and any investor who positions short against this dynamic is betting against the will and capacity of a government to debase its own currency, which is the single most reliable bet you can lose in 4,000 years of recorded monetary history. The government always wins. The government always debases. The currency always loses purchasing power. The assets always reprice upward in nominal terms, on a path the shorts always insist is unsustainable and that always, somehow, sustains.

You can short individual frauds. You cannot short the market. You cannot short the currency itself without being on the wrong side of the largest force in modern capital markets, which is the slow, politically inevitable destruction of the dollar’s purchasing power against everything that cannot be printed. The shorts have been wrong for five years. They will be wrong for the next five. The only investors who will, in real terms, preserve and grow their wealth are the ones who understood, early, that the game is not about being right on valuation, it is about being on the right side of monetary debasement, and the right side has always been owning real assets, productive businesses, scarce commodities, and the one monetary metal that has functioned as money continuously for 5,000 years, while the people on the other side continue to insist this time is different. This time has never been different. The math is the math. The shorts will continue to lose. The owners will continue to win.

[peepeepoopoo @DeepDishEnjoyer]

gensler not going after elon for this was a travesty and basically the single thing most responsible for making financial markets as degenerate as they are now

[scamerica first @guy84179559]

@_Unknown_D_ @fuckyouiquit They haven’t improved IN YEARS!!! While other cos have improved immensely! And yet still a 1T company? It’s THE most sus thing IN THE ENTIRE FUCKING WORLD. Not organic at all

[scamerica first @guy84179559]

@_Unknown_D_ @fuckyouiquit The thing that’s unique is how long the premium has remained w/o ANYTHING being delivered on. Like Tesla is super ex growth and like last place in everything except EV

[scamerica first @guy84179559]

@BasedMikeLee Bookmark this shit people, remember all the ppl who kissed Elon’s ass and played dumb when the time comes for holding the grifters accountable

[scamerica first @guy84179559]

@rah_66_comanche You’d literally have to be the most gullible person alive to think that organic price action is what is kept Tesla stock levitating all these years in spite of the current business(es) deteriorating horrifically, and being last place in AI/robotics

[scamerica first @guy84179559]

@rah_66_comanche Paid or bot*

[derek guy @dieworkwear]

with a trillion dollars, elon can pay one million people one million dollars to pretend they are him playing a video game

[Sami Gold @souljagoyteller]

I like when the Financial Times gets snarky

[Zaid Jilani @ZaidJilani]

You better be happy, you paid for it. The US government rescued Tesla and subsidized SpaceX with an armada of contracts. Now the dude is building speculative bubbles that when they pop could leave everyone holding the bag.

[scamerica first @guy84179559]

@DarrigoMelanie @fuckyouiquit Or it could be a combination of both

[scamerica first @guy84179559]

@DarrigoMelanie @fuckyouiquit Gotta study the disconnect between the business reality and valuations of his companies. It’s either a huge example of reflexivity (à la soros) or the most massive collusion ever. People should know either way!

[scamerica first @guy84179559]

@theliamnissan People do not understand that these giant misallocations of capital make most of the world worse off net net either via inflation or a huge future deleveraging/crash

[scamerica first @guy84179559]

@theliamnissan Like if you haven’t benefited from being an early shareholder or employee in one of his companies aka 99% of America, you are worse off because of Elon!