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Mumpy Puffinz posted:Soro's has all his money in USD, why would he want it to collapse? I think you will find he keeps his money in WEF plandemic fiat
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Mar 30, 2023 05:11
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cagliostr0 posted:I think you will find he keeps his money in WEF plandemic fiat I have no idea what that means, but I am pretty sure it is stupid
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Mar 30, 2023 05:12
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Mumpy Puffinz posted:I have no idea what that means, but I am pretty sure it is stupid It’s a kind of Italian car
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Mar 30, 2023 05:37
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zedprime posted:Modern cryptography is unbreakable for the time being. Pending some really exotic math that solves the cipher in a new exotic way, we're reaching the size of numbers of probabilities that means you're just as likely to walk into a miniature black hole. Yeah this is true, but if you don't think the three letter agencies of every single government are capturing every packet they can just waiting for a decent quantum computing breakthrough, I don't know what to tell ya.
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Mar 30, 2023 06:42
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I'm just reminded of how a bunch of American spies in China got caught because they sent their reports through the official CIA website.
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Mar 30, 2023 08:31
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The Rabbi T. White posted:Yeah this is true, but if you don't think the three letter agencies of every single government are capturing every packet they can just waiting for a decent quantum computing breakthrough, I don't know what to tell ya. This would be both stupid because that sort of breakthrough isn't going to happen for any realistic amount of time after which that information would be useful, if at all, and a thing they don't have to bother doing. If they want your information and you are not yourself a state actor, they can probably get it because they absolutely dwarf any resources you could bring to bear. Going through the most difficult possible entrypoint into getting that information isn't a thing they tend to bother with, and the NSA is fully aware that quantum computing isn't going to be a magical bullet that lets them unlock every cipher.
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Mar 30, 2023 12:50
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miay aygay
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Mar 30, 2023 13:25
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Call Your Grandma posted:miay aygay i'm gay
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Mar 30, 2023 13:28
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Hello Sailor posted:jfc, that article could've been reduced to about 3 paragraphs if that dude learned how to write a concise sentence and figured out that no one thinks he's funny Don't sign your posts.
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Mar 30, 2023 15:40
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Welp, BBBY just plunged 15% dropping them down to 0.68 Crucially that's below the conversion rate floor of .71 where Hudson Bay won't get their discount on stock any more. R/BBBY remains
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Mar 30, 2023 16:33
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The Rabbi T. White posted:Yeah this is true, but if you don't think the three letter agencies of every single government are capturing every packet they can just waiting for a decent quantum computing breakthrough, I don't know what to tell ya.
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Mar 30, 2023 16:41
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Deptfordx posted:Welp, BBBY just plunged 15% dropping them down to 0.68 They're probably right, the subreddit is taking this objectively negative news as you would expect - proclamations of loading their bags up even more, Hudson "were always a bad actor", etc.
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Mar 30, 2023 16:50
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This also reverses the problem intelligence agencies often have, which is that there are a billion pieces of data and you have to figure out which is actually true, relevant, and material to your actual question. The deadline is tomorrow, by the way. That sort of claim is like telling Turing to not worry, we'll have computers breaking the Enigma code in a flash, don't mind that Coventry will be reduced to a pile of rubble in six hours if you don't notify the RAF. Just pile up all those encoded dispatches in the corner, we'll wait for ENIAC and then its descendants.
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Mar 30, 2023 16:50
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Deptfordx posted:Welp, BBBY just plunged 15% dropping them down to 0.68
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Mar 30, 2023 16:59
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if i am doing my math right this titan of industry invested $1.2 million in bed bath and beyond stock
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Mar 30, 2023 17:01
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Yes this implies a purchase price of $9.71 a share. Most probably he brought in August of last year when it was doing some really wild things and may have even been up nearly 70% of his stake, but decided to hold until it became a penny stock. Diamond hands!
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Mar 30, 2023 17:08
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evilweasel posted:if i am doing my math right this titan of industry invested $1.2 million in bed bath and beyond stock gently caress 'em. If you have that kind of money to invest and you blow it on BBBY? You're a moron and you've got enough money that your ruin is your own fault. That's someone who already has money trying to become hyper wealthy so, gently caress 'em. What sympathy I have for these morons goes to the people who don't see way to prosperity in our economic system and have internet-poisoned themselves into joining what amounts to a financial cult. Someone eating cat food, loving up their foamily life, and taking on high interest debt to sink five figures into this garbage is tragic. I mean, they're still an idiot, but it's tragic in the way that most self destructive behavior born out of bad circumstances, desperation, and ignorance is.
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Mar 30, 2023 17:08
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evilweasel posted:if i am doing my math right this titan of industry invested $1.2 million in bed bath and beyond stock Probably made it all on Gamestop stock From dumb hedgefunds it came and back to dumb hedgefunds it goes
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Mar 30, 2023 17:34
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It's quite amazing how these people have trained themselves to be the ultimate bag holders, not only is holding on to a failing asset and never selling their core belief, but they're drive each other to keep buying more.
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Mar 30, 2023 17:35
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Gotta wonder how much Hudson made from the deal overall and if they've managed to dump all their converted stock.
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Mar 30, 2023 17:43
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Cyrano4747 posted:What sympathy I have for these morons goes to the people who don't see way to prosperity in our economic system and have internet-poisoned themselves into joining what amounts to a financial cult. Someone eating cat food, loving up their foamily life, and taking on high interest debt to sink five figures into this garbage is tragic. I mean, they're still an idiot, but it's tragic in the way that most self destructive behavior born out of bad circumstances, desperation, and ignorance is. There's also the people who do see a way to prosperity, but dont like it. Clearing the first hurdle of earning more than you spend is hard enough for many people, but even those who achieve that are looking at potentially saving/investing money for 30-40 years to have enough for a modest retirement. I think a lot of people see that and think why bother, I'd rather YOLO it on crypto/stonks/gambling/etc. I have a friend who did the crypto-yolo thing during the crazy 2020-2022 years and is now finding out what an absolute nightmare it is to attempt to calculate taxes on thousands of small trades where recording cost basis was of course not even a thought at the time. I have a feeling they're also going to learn what the wash sale rule is the hard way
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Mar 30, 2023 17:47
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If we're trying to be some class judge, someone putting 1.2 million into a retail broker stock gamble is on the side of have nots by American class reckoning even before interrogating if that was a boomer's joint retirement account which lands it solidly middle class (or in other words gently caress you boomer, not gently caress you Richie rich). Like either you are rich and have a real broker who's like lol no you're not or you're rich and your broker is like "I bet we can trick the plebes into giving us money" in which case you're on the other side of the equation than complaining about BBBY being down or you're rich and included BBBY for fun and losing a million dollars is a rounding error. If you want to eat the 3% your first ally should be the 4th percentile as someone with the means and want. Then you just repeat until the wealth is distributed or your ticket comes up as the 4percenter becoming the 3 percenter. Just start slicing the pie. Getting stuck that the 4 percenter is just as bad and can't be talked to is what they want you to do because they are in your range to hurt and distract from the 3%.
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Mar 30, 2023 17:49
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Mumpy Puffinz posted:who would they sell them to? This is the dumbest poo poo and shows that ppl don't even understand the very basics of bonds. You can't force the U.S. to redeem treasury bonds early and cause a bank run or whatever. Doesn't matter if they get sold to a 3rd party, the issuer already got the lump sum. All the issuer cares about is whether there are enough ppl to buy the next round of bonds or not, which was a concern with British bonds recently  The holder gets the annual interest coupon at the fixed rate, on the maturity date he gets the nominal value back (unless there is a Greece or Venezuela situation, but you can see them coming years in advance). sauer kraut fucked around with this message at 18:09 on Mar 30, 2023 |
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Mar 30, 2023 18:06
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kw0134 posted:Yes this implies a purchase price of $9.71 a share.
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Mar 30, 2023 18:27
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 i had to check the profile because I thought it was a fakepost/bad taste joke but it's real!
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Mar 30, 2023 18:38
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sauer kraut posted:This is the dumbest poo poo and shows that ppl don't even understand the very basics of bonds. These people don't understand anything about finance. As soon as I started to hear people use the term 'bullish' casually I knew finance as a discipline was hosed. Most of these tweets/reddit posts border on zealotry.
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Mar 30, 2023 18:45
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To be fair, that subreddit is basically the most deranged cult/finance group on the planet, so don't over index on them lol
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Mar 30, 2023 18:52
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If you're an investor looking to capitalize on bad/dumb banks, you want to see banks fail, you want to see bank runs, because it suppresses stock prices of otherwise healthy banks. SVB was dumb, bad, and weak so other, stronger banks, want to see them fail because if their shares drop low enough from fear/panic, other banks can consume them and make a loving mint-- this is why days after news broke, a bunch of banks were in line for a buyout to "save them".
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Mar 30, 2023 18:52
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Trillhouse posted:
anyone that admits they're poly on the internet is probably another lols example for both the reddit lols thread, and the reddit relationship lols train wreck thread. or fake and someone trying to get internet points by pretending to not be a dude.
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Mar 30, 2023 19:07
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Pham Nuwen posted:I know somebody who became a "cyber-security consultant" more or less entirely on the strength of winning exactly one of those Defcon social engineering contests, aka "call Payroll and imply that you're a big deal at the company, see if they'll give you their password". No prior experience in cyber security. Now she's on national TV from time to time to talk about it. you know Taylor Swift?!!
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Mar 30, 2023 19:30
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Trillhouse posted:
LOLOLOL Have fun being poor! 
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Mar 30, 2023 20:11
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LifeSunDeath posted:LOLOLOL Look, just because these people spend all their time laughing at how poor everyone else will be after 32shd1h890h9u happens and their thing goes to the moon doesn't mean that you can in turn laugh at them when it doesn't and they lost all their money, it's not fair 
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Mar 30, 2023 20:18
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Boxturret posted:Look, just because these people spend all their time laughing at how poor everyone else will be after 32shd1h890h9u happens and their thing goes to the moon doesn't mean that you can in turn laugh at them when it doesn't and they lost all their money, it's not fair Found out recently that my spouse's former coworker who was an incel coiner, did in fact say "have fun being poor" to her on a number of occasions when talking about his alleged wealth. He also told her he lost all his money when bitcoin crashed. It's extremely fair to dunk on these dolts.
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Mar 30, 2023 20:52
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The fact that these morons go broke and don't shut up about it just really demonstrates how fuckin stupid they are.
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Mar 30, 2023 20:53
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PhazonLink posted:anyone that admits they're poly on the internet is probably another lols example for both the reddit lols thread, and the reddit relationship lols train wreck thread. https://www.youtube.com/watch?v=DTsdKycVZZ4
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Mar 30, 2023 21:03
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at least they have plenty of beds and baths to wash and sleep away their troubles
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Mar 30, 2023 21:09
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Boxturret posted:It's quite amazing how these people have trained themselves to be the ultimate bag holders, not only is holding on to a failing asset and never selling their core belief, but they're drive each other to keep buying more. I see a weird pattern among several groups, some that have been around and some new like crypto, antivax, weird stock cults, qanon, maga, stop the steal etc. They are similar in that whether its financial or a belief system of sorts they are all obviously failing assets and all have very real and tangible downsides but people are literally posting their demise while they are dying from sucking down dewormer, getting arrested and losing money as a backwards version of hype.
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Mar 30, 2023 21:13
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McJesus posted:I see a weird pattern among several groups, some that have been around and some new like crypto, antivax, weird stock cults, qanon, maga, stop the steal etc. They are similar in that whether its financial or a belief system of sorts they are all obviously failing assets and all have very real and tangible downsides but people are literally posting their demise while they are dying from sucking down dewormer, getting arrested and losing money as a backwards version of hype. It turns out that, for many people, the hardest thing for them to do is to ever admit that they got conned and were wrong about something. A good chunk of the population will double-down long past the point of absurdity rather than ever admit to themselves that they’ve been bamboozled. (see also: my parents, who have not seen me and their grandkids in over three years now, because they kept doubling-down so hard on antivax conspiracies that now we’re not allowed in their house because our vaccinated bodies are shedding particles that will get them sick, you see)
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Mar 30, 2023 21:30
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McJesus posted:I see a weird pattern among several groups, some that have been around and some new like crypto, antivax, weird stock cults, qanon, maga, stop the steal etc. They are similar in that whether its financial or a belief system of sorts they are all obviously failing assets and all have very real and tangible downsides but people are literally posting their demise while they are dying from sucking down dewormer, getting arrested and losing money as a backwards version of hype. It's not too different any other cult or conspiracy theory, I don't think. They do have the advantage that there is usually no single authority, so these more distributed cults can have vastly different meanings to different members. The stock cults will at the same time contain get-rich-quick schemers, libertarians, socialists, young and old people. The more you suffer for the cause, the more you'll be rewarded after the MOASS/vaccine side-effects/fiat collapse/return of Trump. They've invested everything in these ideas - being wrong would mean you destroyed your life over nothing, and you're far too smart for that.
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Mar 30, 2023 21:33
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They share their massive self owns because a big part of what they get out of the cult is the feeling of community. Sharing the good and bad reinforces the community bonds and it feels good to talk to people who might understand
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Mar 30, 2023 22:02
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