devalgo

You might say the only reason it could even be lawful evil is because the PE firms spend lots of money on lobbyists to ensure it stays legal.

This is an over simplification and no one here is saying private ownership is bad. It would be mind boggling if someone were allowed to buy your home with a mortgage in your name, kick you out of it and then sell the home for pure profit. Yet that is exactly what LBO's do. They buy companies using debt which they then transfer to that company, sell off anything of value, fire most of the workers, show some level of profit and sell the company to someone else.

>complaining that the millennials pulled up the ladder

The millennials that currently invest a pittance compared to Boomers or even Gen-Xers?

I don't have the link but I think people linked Hertz' valuation pop after it's bankruptcy almost exclusively on Robinhood type traders.

>Hmm, I'm almost convincing myself that even us $ could eventually not last. So, I'll just take one of those job offers on hacker news that says we'll get you a visa to come to Amsterdam?

You realize that the world economy is inexorably linked to the US right? If there was such a devastating crash what makes you think the Eurozone would be stable? The UK left the EU and France nearly did, a massive wave of unrest could easily break the union up and the euro would be worse off than the dollar.

>Many of my friends are posting the same things you state on their social media, and are making it clear they won't be left behind this time.

The problem is that these people are just gambling. Do you really think they have some insight into the market that thousands of Quants and Traders on Wall St. don't have? Go to Vegas, you will see plenty of people flashing cash around when they win on the Roulette table or hit a streak in Blackjack. Are these guys genius players or are they the inevitably of table odds?

Bitcoin?

Well you should be like Kennedy then, when the shoe shine boys were giving stock advice it was time to get out in 1929, perhaps High School dropouts and convenience store workers "getting rich" gambling with options on Robinhood might be a useful signal of things breaking down now.

>I believe we are about 9months away from the greatest financial disaster of our times

Why 9 months? What would precipitate that?

Not sure that makes sense? Gold's value was typically based on scarcity and it's multi-millennial status as a thing of value? Why else would much of the world have based their currency on gold itself?

Probably a mistake to assume the USD value of something is relevant in a collapse situation. As you said ammo could end up being far more valuable that it currently is. Similarly Gold's utility as a way to transfer value could make it much more "valuable" in that situation.

Can't really speak for Venezuela but lets say if currently 1 oz of gold is as valuable as a Macbook worth ~$1800 and in a hyperinflation event a Macbook costs $200,000,000 perhaps 1 oz of gold could be worth a Macbook? You would then just trade your coin for $200,000,000 and buy the Macbook. Obviously a massively simplified scenario. Perhaps there are sources out there on how people have dealt with hyperinflation?

>the smallest tradeable gold will be coins which are worth $1600+ each

Not really accurate, you can get rounds down to 1/10 oz which are worth ~$200. In any case the USD value of a gold coin in a collapse situation is obviously irrelevant. If fiat really does collapse barter is obviously going to be the default way to trade goods and gold could easily be used as it was in the past.

>Just try to get delivery of a gold bullion

It's fairly trivial to get lots of gold just above spot price. https://www.apmex.com/product/75/10-oz-gold-bar-brand-name

>And if you succeed, try selling it into the system again, without losing 30%.

In the scenario where the markets are collapsing and you need to sell gold for cash it's possible or even likely that it could be worth more than what you bought it for and even if not the discount rate you accept for selling it back may be worth it either way. If the market dropped 50-80% and you are only taking a 30% loss on gold that's clearly worth taking.

Why wouldn't you plan for that? The only plan you'd need for the total collapse situation is to have a revolver to eat a lead sandwich with.

This is one of the most bizarre comments I have ever seen. Mind boggling. Are you going to start a petition to get the Crips to let white people join or the Aryan Brotherhood to let in PoC? lol

This isn't proof of anything except that the makeup of content there has changed over time. You can find write ups of how people like Dread Pirate Roberts or other large Marketplace players were caught and it doesn't seem like it was due to compromises in Tor, naturally if there are backdoors that 3 letter agencies are using they wouldn't advertise it but that doesn't seem to be the case.

Don't the majority of FAANG engineers cap out at Sr. Engineer and that's a title you can get just a few years out of College? So are +/-50% of Google engineers stagnant?

This is self-perpetuating. It's been my experience that moving companies has gotten me +20% in pay for doing the same work with the same title. If employers assume people will leave after 2 years and hence don't give promotions and give paltry CoL raises then obviously why would people stay? So these employers won't give raises to their current workers but will happily give new employees +20% every 2 years just for swapping names on their Resume? Obviously something doesn't add up here.

If RBG had retired or passed away before the recent abortion case, Roe v Wade would almost certainly have been overturned fully or partially a few days ago. The court voted 5-4 to uphold and whatever hyperconservative federalist society nutjob Trump would have nominated to replace her would virtually have guaranteed the opposite result.

Abortion isn't the only relevant case that the court could overturn, we have decisions like Citizens United that have essentially gutted the political process for a generation and in the past few days the courts have handed massive wins to Churches and conservatives that allow them to discriminate freely. To pretend the courts don't have massive power to dictate daily life in the US seems to be denying obvious truths.

https://www.cnbc.com/2020/07/04/supreme-court-decision-in-lo...

The American political left/right scale is very silly on the international level. Republicans attack standard Party-Line Democrats as Socialists when in reality the vast majority of Democrats would be considered right wing in the EU and the Republican Party are more like Far Right extremists a la AfD, UKIP, etc.. Sanders himself would hardly be center-left in most EU parliaments.

The same as any LBO most likely. They gutted the company and now want to cash out on the public markets. Private Equity is disgusting.

Spare me, corporate profits reached all time highs and the stock market soared during Obama's terms. Yours is not a real argument.

>As I understand the term "cancel culture", it mostly relates to celebrities who were already controversial or polarizing in some way, that were finally able to be organized against.

This massively understates the problem. One could easily put together a list of non-celebrities who have had their lives ruined after making some completely anodyne comment.

>American

Why single out America, Snowden's leaks showed the entire Anglo-sphere is compromised(Five Eyes). Is there any reason to think this isn't the case in any NATO/OECD/etc. country?

Snowden uncovered astonishing breaches of Trust in the US, has there been a major loss of Hosts here?

Care to link a few examples of "at risk" people doxxed by the NYT?

>The winners are people living in central areas of the city with lots of restaurants. The losers are the poorer outskirts.

Not sure this holds in most US cities. Outskirts are usually wealthier suburbs and lots of Urban Cores are quite poor.

With words, like a normal human being instead of a one sided power play?

Well they sell your trade data to HFT firms before a trade is executed to let them arbitrage on you so you are probably net losing money vs fees from other brokerages.