Jacob Secrest

-SMB Founder
-Starting my acquisition journey
-Art, commerce and wx

[Jacob Secrest @jakeypoo322]

This is literally Y2K all over.

[Citrini @citrini]

I spent 100 hours over the past week researching, writing and editing the piece we just put out.

It’s a scenario, not a prediction like most of our work. But it was rigorously constructed, dismissing it outright requires the kind of intellectual laziness that tends to get expensive.

And we’ve released it for free. Hopefully you enjoy it.

https://t.co/YK8E11GcDU

[Jacob Secrest @jakeypoo322]

@FUCCC8 @ThePaisleyApple @Randomvideos107 Nice, what color?

[Jacob Secrest @jakeypoo322]

@ThePoniExpress Nah man, he just don’t wanna admit he wears a size 40 so he just puts the 32’s on lower and lower each year

[Jacob Secrest @jakeypoo322]

@StGodsMemorial @Ross43158886 @TrollyP71 @middle_class_us Thanks thirst mutilator.

[Jacob Secrest @jakeypoo322]

@cleanrodgers You can’t form a coherent thought.

[Jacob Secrest @jakeypoo322]

Until one day; we go to buy oil—- with our dollars. And the cartel looks at us, and just laughs.

That is the only thing keeping your lights on.

You probably haven’t provided value in the way that your kids and grand kids will be forced to someday, and that’s ok, but your generation blew it.🤣

[Jacob Secrest @jakeypoo322]

S&P is hardly an investment.

It’s overweighted grossly. The problem is that as the economy changes from 401ks to the independent investor, those auto-payments every week will start slowing down lower and lower.

If something is auto-funded weekly, it is no longer an investment. It is a pool of mindless capital; a sitting duck.

[Jacob Secrest @jakeypoo322]

I don’t think you’re understanding.

I’m not talking about passing a house down. That’s not how this really works.

You took money from a job, that job took money from providing services, those services were likely funded or enhanced by a bank somewhere in the chain.

The bank was funded by the government.

The government was funded by the people.

The government decided not to take directly from the people and borrowed money against future earnings I.e treasuries because if your generation actually paid for the money being lent with their cash they’d be poor.

The treasury continues to rise. Borrowing increases. The debt increases. The debt comes due, instead of paying and allowing your children the ability to do what your parents allowed you, you continue to borrow.

The people who took out the debt will not live long enough to see the default. The default is prolonged by printing more. So instead of defaulting the new money is printed to pay off the old money.

Printing more drives up the cost of goods and services. Assets become more expensive. There’s more money chasing the same goods services and homes.

Asset inflation is still inflation. Earnings are no longer tied to reality.

It’s irresponsible, and no one cared to look or think about it, and now my generation has to learn about what took place.

[Jacob Secrest @jakeypoo322]

@CharlesRCherry @middle_class_us Yes, to create the same problem somewhere else. Destroying the local economy at the same time.

[Jacob Secrest @jakeypoo322]

The problem is that creating wealth through owning a home is essentially a Ponzi scheme whereby you get wealthy by stealing from your children.

Assuming 20% down. Your home payment was maybe 1900 a month.

Now that home is $5,300 a month, and that would include a 20% down payment.

This is assuming your house (not the land) got more valuable, but it actually got less valuable because the materials are older, and thus will be more expensive to maintain as the cost of maintaining a home has exploded as well.

The likely culprit is that when jobs were outsourced via China and other countries, jobs dwindled, and instead of creating real value through more goods and services making things cheaper and more efficient, the boomers decided to make things more expensive via scarcity and a Ponzi scheme so that people didn’t actually need to create value to get the dollars, they simply created dollars by ignoring the meaning of value.

Since we own the currency of the world, we were able to abuse that, and the abuse can’t last forever, so it was your generation that abused it, and I have a feeling your kids and grandkids wont forgive you, because their 5200 a month mortgage payment subsidized your brokerage account, and the illusion of your personal financial security.

The reality is that your kids couldn’t afford that payment, and if you’re a good dad, you’d put some of that money into buying a property for family members so they could have a leg up, just like that family that bought your home probably did for their kids, but it only prolongs the inevitable because ultimately when your kids go to sell the house you funded, they aren’t going to get that same value back. That money is worth less and less every single day.

People are pissed at you and you don’t understand why, and you think it’s the same, but it’s not the same. It’s a different world with different problems, and it’s not going to be you facing it, but your kids.

[Jacob Secrest @jakeypoo322]

@SMB_Attorney @REdebtlawyer No, it’s actually 27th Ave and Indian School.

[Jacob Secrest @jakeypoo322]

@spann I’m an Az follower. I follow you because you’re a legend, but I’m excited for a potentially wet winter here.

Rain in Arizona is like Sunshine in Seattle

[Jacob Secrest @jakeypoo322]

@missm0rte @keith_dorschner @DesireeAmerica4 She has a boyfriend named Brett. this is public info.

[Jacob Secrest @jakeypoo322]

@EddieTopG @financedystop lol

[Jacob Secrest @jakeypoo322]

@grok @eeknaxillyay @financejonE @RyanWeather @jasonsbca So you’re saying we could get a tornado outbreak? Maybe up near Bellemont, near flagstaff like in 2010? Was 2010 an El Niño year?

[Jacob Secrest @jakeypoo322]

@grok @eeknaxillyay @financejonE @RyanWeather @jasonsbca @grok what about Arizona?

[Jacob Secrest @jakeypoo322]

I might be reading in too much.

Of course this extension comes before the Miles Bridges one, but this simultaneously CAPS what Bridges will get as well if he does get extended.

There’s no way in hell that Bridges will get more than Brooks, it would be terrible optics from every and Brooks would resent him and the team.

The implications are crystal clear. This trade removed Bridges ability to negotiate when the heartbeat of this team (that is Brooks) is making 24 mil a year.

[Jacob Secrest @jakeypoo322]

@KlayForTrey Jalen Green has averaged over 20 ppg his entire career so far.

I get the efficiency isn’t perfect but damn dude, he ain’t a bust

[Jacob Secrest @jakeypoo322]

Makes sense, I’ve been prescribed both as well.

ADHD is fine but I like my
ADD. It had the opposite effect where I can go to bed on ADHD meds but sometimes when I need to be uber responsible I will take them.

SSRI’s completely changed me for about 2 weeks as well. I gained 20 lbs ate chocolate and felt like a zombie as well.

I was 18, my family noticed I was acting strange and I never took them again.

It does something terribly weird to the brain whereas ADD meds are more of a you know what you’re getting into type of situation.

[Jacob Secrest @jakeypoo322]

@RevWallyMac @S84Sbarlow @officer_Lew Chad Williams is a very Bosnian name

[Jacob Secrest @jakeypoo322]

I think you’re right and I also think there’s a world where some people also abuse whichever adhd meds and take like 7 pills nd stay up for 4 nights and lose their mind.

Lack of sleep would be the adhd would be a temporary craze, but the extreme brain rewiring from ssri’s is probably what the commenter is really talking about.