Stock Market is ROCKING

[smokingman]

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

300billion in new discount window lending...with a 25 billion new lending facilitiy.

Yep. We live in clown world.

 

[1DOWN4UP]

 

[bobzilla]

I believe it helps because it reduces the risk of a run on banks. IF people think all their money is safe they are less likely to run and pull it out.

Economics has as much to do with emotion as it does actual spending needs.

I'm not saying it's the right thing to do, it is not, just that it may(?) help reduce worry.

Regards,

Doug

I’m taking my money and buying a car. That way the banks can’t lose it for me and I get a new car. Win:win.

 

[oze]

I’m taking my money and buying a car. That way the banks can’t lose it for me and I get a new car. Win:win.

My thoughts exactly. Do you have a big doghouse that I can use when Mrs. oze sees my new Charger Hellcat in the driveway? Yeah, when I see "Hellcat", I'm thinking Dodge, not Springfield.

 

[GodFearinGunTotin]

View attachment 263059

We’re all about privatizing the profits and socializing the failures.

 

[bobzilla]

My thoughts exactly. Do you have a big doghouse that I can use when Mrs. oze sees my new Charger Hellcat in the driveway? Yeah, when I see "Hellcat", I'm thinking Dodge, not Springfield.

My wife actually talked me into it. Right after we went from having 3 running and driving trouble free cars to one overnight.

No domestics for me. Fwd turbo car with 3 pedals for me from the Asian country with the hottest…. Cabbage

 

[Ingomike]

They bankruptcy system WORKS! It is slow and tedious,

But the elites cannot pick the winners and losers there…

 

[Leadeye]

Bought more land, they aren't making any more so I figure the price will go up.

 

[thompal]

Bitcoin is on fire right now as people move their money out of banks into assets.

After seeing what can happen in the crypto market recently, I think that anyone who views bitcoin as an "asset" is delusional.

Bitcoin was useful when it was used as it was intended: as a digital currency. But then, people though it could be used as an investment, susceptible to market fluctuations, which was backed by nothing other than convincing people it would be worth more than they paid for it.

 

[thompal]

Credit Unions are a safer bet imho. But I still don’t trust mine. Keep just enough $ to pay bills each month. Grandparents I’m told lost all their $ back in the day. I decided why not learn from them?

When my grandparents passed away in the 70s, I was helping clear out the house they had bought in the early teens. We found money hidden away EVERYWHERE. In the pockets of clothes hanging in the closet, under paper liners in all of the kitchen cabinets, in furniture cushions, in his WWI uniform, etc.

 

[thompal]

What backs bitcoin?

Wishful thinking.

 

[thompal]

I have no problem with visibility of lesbians, as long as they're "lipstick lesbians" and not flannel and work boot lesbians.

I assume that visible lesbians are simply lesbians wearing OSHA approved hi-viz safety vests.

 

[blain]

When my grandparents passed away in the 70s, I was helping clear out the house they had bought in the early teens. We found money hidden away EVERYWHERE. In the pockets of clothes hanging in the closet, under paper liners in all of the kitchen cabinets, in furniture cushions, in his WWI uniform, etc.

"Cash", not gold or silver?

 

[thompal]

What backs fiat?
Bitcoin is digital gold. Decentralized. No one can make more.
Bitcoin is mined. It take energy to mine bitcoin. Just like gold.

Don't these two statements directly contradict each other? You can't make more bitcoin, but you can make more bitcoin if you expend energy?

 

[thompal]

"Cash", not gold or silver?

They had quite a bit of that too, but the number of bills hidden everywhere was amazing.

 

[thompal]

I always liked those chocolate coins in foil we got as kids from time to time. I wonder if they are still around.

At least THOSE have some intrinsic value!

 

[Slow Hand]

They had quite a bit of that too, but the number of bills hidden everywhere was amazing.

My grandma did upholstery work as a small side business. My grandpa smoked decent cigars that came in glass tubes. When grandma dies and we were cleaning out the house, dad went around with his pocket knife and cut open the seams on the bottom of all the curtains. Dumped out glass tube after glass tube full of rolled up cash. I was only 14 or so and have no idea how much money was there, but there was a lot! They were depressions era kids too, and only had limited trust of the banks.

 

[ditcherman]

Those who cannot remember the past are condemned to repeat it.
-the great musical artist George Santayana

 

[ghuns]

My grandma did upholstery work as a small side business. My grandpa smoked decent cigars that came in glass tubes. When grandma dies and we were cleaning out the house, dad went around with his pocket knife and cut open the seams on the bottom of all the curtains. Dumped out glass tube after glass tube full of rolled up cash. I was only 14 or so and have no idea how much money was there, but there was a lot! They were depressions era kids too, and only had limited trust of the banks.

My grandma worked at bank during the depression. She saw it all up close and firsthand.

When stock in banks was selling for fractions of pennies, her and her little brother bought all of it they could afford. This was a pretty insightful and very ballsy move for what were really just kids, in their early 20s.

Grandma and grandpa cashed most of theirs out in the 1940s for a decent return and bought the land that would be their farm. Her brother told them this was a dumb move. It would be smarter to borrow the money to buy land and hold that stock.

Grandma's brother held onto his. Worked as butcher until he was in his 60s. As those small banks he owned stock in got gobbled up by bigger and bigger banks, he eventually owned stock in several of the mega-banks. He was worth millions when died.

 

[bobzilla]

Bought more land, they aren't making any more so I figure the price will go up.

Nott making any more YET. Wait until Musk has his Mars colony. Then real estate is going to plummet