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[quote=FlyerInHi][quote=scaredyclassic]I was surprised by the vitriol for Ur capitalist adam Smith toward landlords.

Hed prolly fot banned from piggington 4 this trolling:

– ch 11, wealth of nations.

“[Landlords] are the only one of the three orders whose revenue costs them neither labour nor care, but comes to them, as it were, of its own accord, and independent of any plan or project of their own. That indolence, which is the natural effect of the ease and security of their situation, renders them too often, not only ignorant, but incapable of that application of mind”[/quote]

I think Adam Smith meant that for the aristocracy that owned the land.
European estates and palaces were products of war loot. In fact, nobleman and generals who won wars were entitled to some treasure.[/quote]

Ah right. Yeah. Still, one can imagine the parasite label perhaps being applied to some slumlords who dont improve things

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If endless growth is unsustainable, it’s only a matter of time.

Right?

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How much is an eighth of weed?

I dont think u can buy an ETF that tracks weed prices.

Its way too local.

Legal weed was a huge letdown for me. I tried it a bit and was astonished at how dumb it is.

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Oh, oil went negative. Right, now I remember. The very fuel of growth and capitalism is worth less than zero, but an oz of the worthless barbarous relic is 1700.

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Kind of hard to spend $ on anything but groceries nowadays.

Over the last month, I bought a hiking umbrella. Some spf gloves. A pair of hemp pants with an old j crew gift card lying around. Some books on amazon. All in, less than 200.

This is not good for the economy.

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The Afghans are a brave, hardy, and independent race; they follow pastoral or agricultural occupations only … With them, war is an excitement and relief from the monotonous occupation of industrial pursuits.
.
Engels, On Afghanistan (1857)

Killing euro doofuses like us for centuries! Plus they’re making bank on the war. I read that we have spent the same $ amt adjusted for inflation as we did rebuilding europe after weik. Which if true is amazing.

Those Krafty afghans!

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I was surprised by the vitriol for Ur capitalist adam Smith toward landlords.

Hed prolly fot banned from piggington 4 this trolling:

– ch 11, wealth of nations.

“[Landlords] are the only one of the three orders whose revenue costs them neither labour nor care, but comes to them, as it were, of its own accord, and independent of any plan or project of their own. That indolence, which is the natural effect of the ease and security of their situation, renders them too often, not only ignorant, but incapable of that application of mind”

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[quote=barnaby33]

Man you can cut and paste like a motherfucker!

I believe Marx actually said that!
Josh[/quote]

I enjoyed reading them.

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all that said, I agree, if you can make a good direct bet on oil prices, seems like it has to come back at some point.

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[quote=Coronita]I want to sell some of my gold bullion and exchange it for barrels of oil….

It’s pretty amazing. One ounce American Eagle that was once $1100 is now over $1700 and can buy a shitload of barrels of crude oil..

Gold is nothing more than bling bling. It really doesn’t have that much utility except for some reasons, humans have assigned a remarkable value to it. Crude oil, on the other hand, is actually something useful….Without it, you can’t power machines to mine everything else, like gold….

I wonder how much it costs to rent a public storage locker….There’s probably a hazmat issue doing that though.

The other problem is, I can’t find a local dealer that is still open to sell the gold coins, lol….[/quote]

1100?

hell, the price of gold was $270.00 just 20 years ago.

As for it being useless bling bling, you could use it as money during biblical times and in every civilized society that has ever existed on planet earth for thousands of years.

so it’s not “for some reason” that it is assigned value.

it had value way before the DJIA was a glint in some capitalist’s eye, it will have value for the remainder of the current world order (of that i am certain, as certain i am that I exist) and if the world descends into some true post-apocalyptic hellscape, it will STILL have value.

i absolutely guarantee it.

no one will throw gold away with their old useless paper money or 401k statements of defunct corps.

it certainly would seem it has way more objective value than the wallet full of paper you carry around, esp if the gov. throws a few more trillion of those papers into the system next week. another thousand trillion of stimulus. sure. why not…

is it a good bet going forward? I have no idea. but the idea that it is “worthless” or a “barbarous relic” is just not true.

i am biased in favor of gold, sentimentally and irrationally, due to a good bet on a gold stock (a good gain on gold formed a sizeable chunk of the downpayment i made on a house in 2010,and because the timing of the purchase and the investment worked so well for me, gold melted into an irrationally soft place in my grubby little heart)), and also because it is so ancient and irritating to normal investors and contrary to growth and capitalism and modern economics.

that said, I have also been

way

way down on some gold stock price bets. it’s not like im starry eyed or optimistic or always a winner. I am definitely a loser too. win some, lose some. the reason i still defend it is perhaps because it just is.

so do not take any of this as bragging or advice.

. I think people can get burned with it if they jump in and out, or invest in gold mines, and i think the upside is not huge, but i seriously doubt gold is going to fall back down to 270 an ounce.

i dont know where the floor is. My gut says 1250, and my gut is always wrong, so it’s probably way lower than what my gut says, 900? 1000, 500?)? and the upside? gold bugs say 5,000, 10,000, but they’re nuts, even nuttier than me.

. To me, 3,000 sounds reasonable, so the correct answer is probably 9,000, or 25,000 an ounce.

would central banks really be filling their vaults with bling? are they that vain? does money in the bank really seem all that secure? if oil can be worth negative money, why couldnt gold be worth 10k an ounce? at least youc an carry it around. try carrying or even rolling a barrel of oil.

https://www.bloomberg.com/news/articles/2019-04-23/central-bank-gold-buying-gets-boost-as-india-s-reserves-to-swell

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https://seekingalpha.com/article/4338311-betting-on-higher-oil-prices-uso-is-not-right-vehicle

i dont know, but ive read things like this on other etfs; it’s not just the cost of the etf. . this is not a simple bet. you can appear to win and lose. it doesn’t always track.

better to just buy barrels of oil, probably

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[quote=zk]I’ve thought about such a network many times. It seems to me that the difficulty would be in having as much of an effect on beliefs/discourse/narrative/votes as fox and the rest of the right-wing propaganda machine do. Because fox et al. use half-truths, innuendo, manipulation, and outright lies. And this new network would be trying to compete against fox for the hearts and minds of the people, but without using those things.

It’s like trying to win a boxing match without cheating when the other guy is using steel-toed gloves. I don’t think it can be done.[/quote]

Oh, i would use half and even quarter truths, innuendo, manipulation and outright lies.
I owe it to u, my investors.

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It is dirty and hard to clean. Maybe it is worth less than zero.

Still, buying and holding USO seems like a possible strategy. I think.

Can an ETF go negative. And call u up for more $.

I would not buy USO.

Seriously, oil futures, uso, this shit is complicated, buying uso is not a direct bet.

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[quote=The-Shoveler]A test of 200 people just outside Boston found that 32% had been exposed to the coronavirus, compared to an official rate of 2%

https://www.yahoo.com/news/test-200-people-just-outside-144732703.html

IMO probably a larger percent in LA

When this is all said and done I think it will result in boy cried wolf syndrome and voter backlash, it could have been done IMO with a lot less drastic measures in SoCal.[/quote]

John Oliver pretty funny on coronavirus.

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Bright eyes, first day of my life

[Author]

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