User Panel
User Panel
User Panel
|
Posted: 2/21/2021 8:18:41 PM EDT
Mar22: The SEC paid him a visit and told him to shut up.
https://markets.businessinsider.com/currencies/news/big-short-investor-michael-burry-stop-tweets-sec-regulators-visit-2021-3-1030222890 Michael Burry's incendiary tweets have piqued the interest of federal regulators, the investor revealed this week. "Tweeting and getting in the news lately apparently has caused the SEC to pay us a visit," the Scion Asset Management boss said in a now-deleted tweet. Well Michael Burry is trying to warn us again. He's rather cryptic but I think he's trying to warn us of China taking over the world economy. I know that's not really a surprise but you might want to read what he's saying and try to figure it out.
|
|
|
|
Posted: 2/21/2021 8:21:27 PM EDT
[#1]
I wonder what effect crypto currency will have on the dollar's value.
|
|
|
|
Posted: 2/21/2021 8:44:20 PM EDT
[#2]
Tomorrow is Monday, so let’s get the party started
|
|
|
|
Posted: 2/21/2021 8:54:28 PM EDT
[#3]
fuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuck
 The Big Short — Michael Burry (Christian Bale) feat. District Divided — Darkest Hour |
|
|
|
Posted: 2/21/2021 9:02:58 PM EDT
[#4]
So, global economic expansion is dependent on the pace of US printed money. If the US stops printing money, the whole charade falls apart. If the US continues to print money, the whole charade will fall apart eventually.
The solution is some new, innovative fiat that will fix/hide/solve the problems with the present house of cards. |
|
|
|
Posted: 2/21/2021 9:05:54 PM EDT
[#5]
Americans won’t insist that anything be done about China until it’s too late.
How do I know that? It’s too late now. |
|
|
|
Posted: 2/21/2021 9:08:50 PM EDT
[#6]
Quote HistoryQuoted: Americans won't insist that anything be done about China until it's too late. How do I know that? It's too late now. 
|
|
|
|
Posted: 2/21/2021 9:09:47 PM EDT
[#7]
Quote HistoryQuoted: So, global economic expansion is dependent on the pace of US printed money. If the US stops printing money, the whole charade falls apart. If the US continues to print money, the whole charade will fall apart eventually. The solution is some new, innovative fiat that will fix/hide/solve the problems with the present house of cards. |
|
|
|
Posted: 2/21/2021 9:15:49 PM EDT
[#8]
Well it’s been 10 years since I was readying a lot of big players and billionaires investing in China and the “robotic and AI age”. That was a clear sign to me then and I’m just watching now as the dollar is weakened. One of the many reasons why I’m diversifying everything!
|
|
|
|
Posted: 2/21/2021 9:16:40 PM EDT
[#9]
Just saw this article.
https://www.zerohedge.com/markets/michael-burry-warns-weimar-hyperinflation-coming |
|
|
|
Posted: 2/21/2021 9:21:39 PM EDT
[#10]
Quote HistoryQuoted: Americans won’t insist that anything be done about China until it’s too late. How do I know that? It’s too late now. You can replace China with all kinds of shit in that statement and be correct. In the US, we are departing the realm of "being concerned about China" and entering the realm of needing to deal with cockups much closer to home. |
|
|
|
Posted: 2/21/2021 9:22:51 PM EDT
[#11]
It is past time to be investing in things other than dollars:
Yourself Precious metals Property Making/mining/growing stuff "Hardware" |
|
|
|
Posted: 2/21/2021 9:22:59 PM EDT
[#12]
Ok, I'm warned. Now what?
|
|
|
|
Posted: 2/21/2021 9:26:06 PM EDT
[#13]
I'd say they are doing well.
|
|
|
|
Posted: 2/21/2021 9:26:14 PM EDT
[#14]
Quote HistoryQuoted: So, global economic expansion is dependent on the pace of US printed money. If the US stops printing money, the whole charade falls apart. If the US continues to print money, the whole charade will fall apart eventually. The solution is some new, innovative fiat that will fix/hide/solve the problems with the present house of cards. That sounds fairly accurate to me. Idk if the ENTIRE world relies on the petrodollar, but...ya. Speed |
|
|
|
Posted: 2/21/2021 9:30:57 PM EDT
[#15]
Quote HistoryQuoted: Well let's see, they won the US Presidency, they won the rerouting of KeyStone pipeline to feed West Coast ports to feed China, they control Bitcoin that Americans are falling all over themselves to shovel $50k a pop for like its 1929 (gonna be a lot of long faces on that one), and they own massive amounts of US companies and soil, and the US economy is set up to collapse with communist and incompetent leadership, allowing sinking those bitcoins back into to buy up the US with bandwagon US Bitcoin investor money even. And they have pillaged US intelligence and Intellectual property. I'd say they are doing well. Sounds right to me. 
|
|
|
|
Posted: 2/21/2021 9:32:30 PM EDT
[#16]
Its too late to do anything. Well theres things that can be done but cant be talked about here.
|
|
|
|
Posted: 2/21/2021 9:35:09 PM EDT
[#17]
Quote HistoryQuoted: So, global economic expansion is dependent on the pace of US printed money. If the US stops printing money, the whole charade falls apart. If the US continues to print money, the whole charade will fall apart eventually. The solution is some new, innovative fiat that will fix/hide/solve the problems with the present house of cards. That's what happens when you pump egads of "cash" into most-every country's bank account year after year... |
|
|
|
Posted: 2/21/2021 9:35:47 PM EDT
[#18]
Quote HistoryQuoted: i'm still open to moving to estonia. Quote HistoryQuoted: Quoted: Americans won't insist that anything be done about China until it's too late. How do I know that? It's too late now. The Baltic states are nice this time of year... |
|
|
|
Posted: 2/21/2021 9:39:33 PM EDT
[#19]
Quote HistoryQuoted: Well it’s been 10 years since I was readying a lot of big players and billionaires investing in China and the “robotic and AI age”. That was a clear sign to me then and I’m just watching now as the dollar is weakened. One of the many reasons why I’m diversifying everything! I’m diversifying into seeds, machinery, guns, ammo, and relationships of like minded people. |
|
|
|
Posted: 2/21/2021 9:39:49 PM EDT
[#20]
So should I buy a house or not?
|
|
|
|
Posted: 2/21/2021 9:40:10 PM EDT
[#21]
Quote HistoryQuoted: So should I buy a house or not? |
|
|
|
Posted: 2/21/2021 9:40:34 PM EDT
[#22]
Quote HistoryQuoted: The Baltic states are nice this time of year... 
|
|
|
|
Posted: 2/21/2021 9:41:58 PM EDT
[#23]
Quote HistoryQuoted: Well let's see, they won the US Presidency, they won the rerouting of KeyStone pipeline to feed West Coast ports to feed China, they control Bitcoin that Americans are falling all over themselves to shovel $50k a pop for like its 1929 (gonna be a lot of long faces on that one), and they own massive amounts of US companies and soil, and the US economy is set up to collapse with communist and incompetent leadership, allowing sinking those bitcoins back into to buy up the US with bandwagon US Bitcoin investor money even. And they have pillaged US intelligence and Intellectual property. I'd say they are doing well.  |
|
|
|
Posted: 2/21/2021 9:42:26 PM EDT
[#24]
Quote HistoryQuoted: I think what he's saying is that if the Renminbi takes over from the Dollar as reserve currency, the dollar basically reverts to being a hyper inflated national currency. 60 years of inflation comes crashing home overnight. People don’t think loss of reserve currency status be like it is, but it do. Best protection against it is to basically be in anything BUT cash / USD. That is already becoming highly apparent. Basically, cash is trash at this point and only going to get worse. |
|
|
|
Posted: 2/21/2021 9:44:40 PM EDT
[#25]
Quote HistoryQuoted: That’s exactly what he’s saying. People don’t think loss of reserve currency status be like it is, but it do. Best protection against it is to basically be in anything BUT cash / USD. That is already becoming highly apparent. Basically, cash is trash at this point and only going to get worse. Leftists wont believe any of this. Ive tried talking to a couple friends of mine ( who I dont talk to as much as I used to because of their loony leftist beliefs) about whats going on but they blame it all on trump and think that biden will turn things around 
|
|
|
|
Posted: 2/21/2021 9:45:54 PM EDT
[#26]
after the us dollar is worthless the 216 global chip will come pre loaded with stimi credits as an incentive
|
|
|
|
Posted: 2/21/2021 9:47:28 PM EDT
[#27]
Quote HistoryQuoted: yes. Sarcastic? I own a house now but wanted to upgrade. So take a mortgage or stay where we are? |
|
|
|
Posted: 2/21/2021 9:47:41 PM EDT
[#28]
Amazing he would use "cassandra" as his twitter handle. Cassandra was the Trojan who warned about the horse and told everyone it should not be brought into the city. She was ignored and we all know what happened afterwards.
We will be in a world of sh*t, but I think if we break from the Central Bank and reject its crypto, we can have a new breath of freedom for all humanity. Remember, who devalued our money to begin with? Neither you nor I but the central bank. FWW FFDR FLBJ FJC FGHWB FWJC FGWB FBHO FJB FKH Two conditions must exist for hyperinflation. First is brrrrrrrrrr! That has been satisfied. Second is the loss of faith in the currency and a flight from it as people exchange it for tangibles as fast as they can. This condition has not been met - yet. |
|
|
|
Posted: 2/21/2021 9:48:26 PM EDT
[#29]
It’s odd, kind of like the boy who cried wolf, people have been saying this for years and we all knew it but it hasn’t happened yet but now that he said it...
Sooner or later one of the sandwich board guys has to be right. Maybe this is why they want to keep everyone locked down. As soon as people get out and all the money they’ve printed get sloshing around there won’t any way to hide the inflation anymore. Commodity prices are all rising. I heard the other day they’re calling corn futures bitcorn because it’s rising so fast. Inflation is already here on the 15-20% Imthink. |
|
|
|
Posted: 2/21/2021 9:48:31 PM EDT
[#30]
Quote HistoryQuoted: Sarcastic? I own a house now but wanted to upgrade. So take a mortgage or stay where we are? prices keep going up and mortgages are damn near 0%. |
|
|
|
Posted: 2/21/2021 9:49:00 PM EDT
[#31]
Quote HistoryQuoted: It is past time to be investing in things other than dollars: Yourself Precious metals Property Making/mining/growing stuff "Hardware" LEGOs, Rolex, and ammo are the only sure things in these trying times. |
|
|
|
Posted: 2/21/2021 9:49:19 PM EDT
[#32]
|
|
|
|
Posted: 2/21/2021 9:51:02 PM EDT
[#33]
I’ve been warning of this for years but I’m a nobody so nobody listens.
|
|
|
|
Posted: 2/21/2021 9:52:01 PM EDT
[#34]
Quote HistoryQuoted: Well let's see, they won the US Presidency, they won the rerouting of KeyStone pipeline to feed West Coast ports to feed China, they control Bitcoin that Americans are falling all over themselves to shovel $50k a pop for like its 1929 (gonna be a lot of long faces on that one), and they own massive amounts of US companies and soil, and the US economy is set up to collapse with communist and incompetent leadership, allowing sinking those bitcoins back into to buy up the US with bandwagon US Bitcoin investor money even. And they have pillaged US intelligence and Intellectual property. I'd say they are doing well. china owns Bitcoin? |
|
|
|
Posted: 2/21/2021 9:52:06 PM EDT
[#35]
Pay off the mortgage tomorrow?
|
|
|
|
Posted: 2/21/2021 9:52:30 PM EDT
[#36]
Quote HistoryQuoted: Sarcastic? I own a house now but wanted to upgrade. So take a mortgage or stay where we are? Quote HistoryQuoted: Quoted: yes. Sarcastic? I own a house now but wanted to upgrade. So take a mortgage or stay where we are? The only real estate I’d be buying right now is a house with tillable farm land in areas far far away from populated areas, preferably surrounded by like minded neighbors with lots of fire power to protect said land. |
|
|
|
Posted: 2/21/2021 9:53:01 PM EDT
[#37]
so communism is better at capitalism than a representative democracy?
stop and chew on that idea for a minute. |
|
|
|
Posted: 2/21/2021 9:53:28 PM EDT
[#38]
Quote HistoryQuoted: The only real estate I'd be buying right now is a house with tillable farm land in areas far far away from populated areas, preferably surrounded by like minded neighbors with lots of fire power to protect said land.
|
|
|
|
Posted: 2/21/2021 9:54:16 PM EDT
[#39]
Russia and Iran are moving to trade for oil in other than dollars. Russia has said that they will accept Chinese Yuan and rubles for oil.
|
|
|
|
Posted: 2/21/2021 9:54:25 PM EDT
[#40]
Do people think literally handing everyone thousand of stimmy checks would have no impact. This is of course after we out borrowed the USSR out of existence out of a perceived conventional war with a country with the economy of Mexico.
|
|
|
|
Posted: 2/21/2021 9:54:55 PM EDT
[#41]
Quote HistoryI have it on audiobook. I’m on my third listen. First time I listened to it I went on eBay and bought a one milliard Mark note. Milliard was their word for billion I think. Anyway, I have it stuck on my safe door next my trillion dollar Zimbabwe bill.
|
|
|
|
Posted: 2/21/2021 9:56:01 PM EDT
[#42]
Quote HistoryQuoted: china owns Bitcoin? Quote HistoryQuoted: Quoted: Well let's see, they won the US Presidency, they won the rerouting of KeyStone pipeline to feed West Coast ports to feed China, they control Bitcoin that Americans are falling all over themselves to shovel $50k a pop for like its 1929 (gonna be a lot of long faces on that one), and they own massive amounts of US companies and soil, and the US economy is set up to collapse with communist and incompetent leadership, allowing sinking those bitcoins back into to buy up the US with bandwagon US Bitcoin investor money even. And they have pillaged US intelligence and Intellectual property. I'd say they are doing well. china owns Bitcoin? Nobody to blame but himself on that one. But rather than man up and take some responsibility, he’s gonna come on a gun forum and lash out about...of all things...Bitcoin.  |
|
|
|
Posted: 2/21/2021 9:57:03 PM EDT
[#43]
Quote HistoryQuoted: you're a couple decades too late. Quote HistoryQuoted: Quoted: The only real estate I'd be buying right now is a house with tillable farm land in areas far far away from populated areas, preferably surrounded by like minded neighbors with lots of fire power to protect said land. Bill Gates says otherwise, but yes for average folks, it’s getting late quick, but there’s still a few acres to be had. |
|
|
|
Posted: 2/21/2021 9:57:37 PM EDT
[#44]
Quote HistoryQuoted: It is past time to be investing in things other than dollars: Yourself Precious metals Property Making/mining/growing stuff "Hardware" Don't think metals will help you during the event, the metals will help regain your wealth after something forms from the ashes of our system. But with the crack team Biden has assembled for his economic advisors, help will not be on the way. |
|
|
|
Posted: 2/21/2021 9:58:02 PM EDT
[#45]
Quote HistoryQuoted: Do people think literally handing everyone thousand of stimmy checks would have no impact. This is of course after we out borrowed the USSR out of existence out of a perceived conventional war with a country with the economy of Mexico. The stimmy checks aren’t shit in the grand scheme really. We’ve been dolling out far more in welfare for years. It’s the trillions we're shoving in the market lately. |
|
|
|
Posted: 2/21/2021 10:00:47 PM EDT
[#46]
Quote HistoryQuoted: so communism is better at capitalism than a representative democracy? stop and chew on that idea for a minute. No, no it’s not. Capitalism is the best system. No perfect, but a hell of a lot better than communism. |
|
|
|
Posted: 2/21/2021 10:00:48 PM EDT
[#47]
Quote HistoryQuoted: I wonder what effect crypto currency will have on the dollar's value. Rather, what effect would the dollar's declining value have on cryptos? Cryptos go up! Not all crytpos though. 95% are junk. Bitcoin will survive as will a few others. |
|
|
|
Posted: 2/21/2021 10:01:55 PM EDT
[#48]
Quote HistoryQuoted: The stimmy checks aren’t shit in the grand scheme really. We’ve been dolling out far more in welfare for years. It’s the trillions we're shoving in the market lately. Ehh. Federal debt as a percentage of GDP is reaching levels not seen since pre-1950. |
|
|
|
Posted: 2/21/2021 10:01:56 PM EDT
[#49]
Quote HistoryQuoted: It is past time to be investing in things other than dollars: Yourself Precious metals Property Making/mining/growing stuff "Hardware" Sound advice there. |
|
|
|
Posted: 2/21/2021 10:05:01 PM EDT
[#50]
Quote HistoryQuoted: Sarcastic? I own a house now but wanted to upgrade. So take a mortgage or stay where we are? The larger home will appreciate more in a hyperinflationary environment and debt can be paid off more easily with worthless dollars. See the picture of the guy above with the wheelbarrow full of cash? He might have gotten that for selling a loaf of bread and headed to the bank to pay off his mortgage. |
|
|
Win a FREE Membership!
Sign up for the ARFCOM weekly newsletter and be entered to win a free ARFCOM membership. One new winner* is announced every week!
You will receive an email every Friday morning featuring the latest chatter from the hottest topics, breaking news surrounding legislation, as well as exclusive deals only available to ARFCOM email subscribers.
AR15.COM is the world's largest firearm community and is a gathering place for firearm enthusiasts of all types.
From hunters and military members, to competition shooters and general firearm enthusiasts, we welcome anyone who values and respects the way of the firearm.
Subscribe to our monthly Newsletter to receive firearm news, product discounts from your favorite Industry Partners, and more.
Copyright © 1996-2024 AR15.COM LLC. All Rights Reserved.
Any use of this content without express written consent is prohibited.
AR15.Com reserves the right to overwrite or replace any affiliate, commercial, or monetizable links, posted by users, with our own.
