ibankbitcoins

@PrefEquityPeter How did Peng Zhao become the CEO of Citadel Securities at age 34?

Meanwhile 28 year olds in finance in this generation are basically just cannon fodder. No chance anyone makes it up the chain this quickly at any legitimate shop

Someone literally bet over $2M that $QQQ drops by 2% or more tomorrow, 15 minutes before close

@DsrPrivate @Citrini7 Thank you for the explanation, I’ll reach out

@DsrPrivate Do you happen to follow Citrini? I have a hard time following sometimes a basket of 30-50 stocks as a proxy for the sector? How does a typical PM reconcile how long it takes to analyze that because throwing people at it isn’t a solution

@Mr_Derivatives Sp500 was created in 1957, how did you go back to 1929? Are you referring to a different index consistent of 90 stocks?

The 100 year log scale $SPX channel EVERYONE needs to see. We live in a simulation I tell ya.

@balajis India don’t print to rip off other countries? Rupee is very weak, a sign of lots of printing. Also one of the highest preference countries for gold. Why is that?

DECOUPLING FROM DOLLARS The US sends India billions in printed dollars for valuable goods. This is actually the US government ripping off India, like it does Vietnam, and everyone else, including its own citizens...not vice versa. To be precise: last year India exported $87B of valuable goods to the US for $42B of goods plus $45B worth of increasingly worthless dollars: That difference of $45B was, effectively, made up by money printing, which the Fed does at will: The current administration incorrectly thinks this is a bad deal for America, because they haven’t fully thought through the fact that the US can print dollars. India was giving America something that's always valuable (namely goods) for something that America can just print out of thin air (namely US dollars): So...who was really ripping off whom? As mentioned, this is the same trade America had with Vietnam. Vietnam worked hard to send America shoes, while America sent Vietnam printed dollars. And it’s the same trade America had with many countries, before the trade war. The world sends the US valuable goods, and gets mere Federal Reserve database entries in return: The only reason the US had the right to do that — to run the financial database of the world, to print trillions for itself, and to freeze and seize the funds of billions — is because it set up what we call the rules-based order, what is in reality the American Empire. And of course it profited from that empire tremendously, but so did most of the empire's participants. But now MAGA is dismantling that empire. It’s cutting off trade, talent, and even tourism. It’s abandoning its military commitments and telling allies to fend for themselves. It’s cutting off foreign aid and domestic universities. It is, in short, becoming a country not an empire. The reason is because MAGA is fundamentally confused. It romanticizes 1945 America (the manufacturing country) without fully admitting that 2025 America makes its money in a completely different way, by managing the hub of a global financial empire. Because the US is in denial about what it is — a money printer, not a manufacturer — it's currently on track to lose both the money-printing and the manufacturing. For example, the tariffs target the entire world (thereby reducing demand for the dollar in global trade) while also cutting off machine tools and raw materials from US entrepreneurs (thereby inhibiting the buildout of domestic manufacturing). Anyway, I won't linger on the outlook for the US. It's made its decision and will live with it. Perhaps it will indeed be a Golden Age of Reindustrialization. And perhaps the transition to a "republic, not an empire" will go much better than the similar imperial climbdown of the UK or the USSR. What should countries like India and Vietnam do? They should turn a necessity into a virtue. The trade war has provided a powerful Schelling Point for the entire world to simultaneously stop using the dollar at the same time. This is also what America says it wants, for foreigners to stop "exploiting" it by accepting its printed dollars for hard goods. So: abide by America's wishes and stop trading goods with America for dollars. Instead, trade goods with each other for local currencies (rather than USDs) and use gold for storing value (rather than USTs). Because there is no global reserve currency issued by a single country, trade remains roughly balanced over time. Singapore's former PM calls this "world minus one." It's the continuation of global capitalism, just without America, who has voluntarily taken itself out of the game. Yes, there's a short-term adaptation cost, but the quicker that a country can decouple from the dollar the better. Start saving in hard money instead.

@dampedspring For any corporate treasury, I don’t see why btc vs precious metal or any commodities any different? Non productive, non yield generating?

This one is good too. Corporations are organizations for economic activity (makes sense). BUT buying a non yielding non productive asset IS NOT economic activity. There is zero reason for a company to buy BTC as there is no value in it except price change and no moat such that a shareholder should pay a company for what he can do himself. OH also Larry Fink runs a 1.0Mnav ETF. Blackrock the corporation owns NO BTC or MSTR for their shareholder. He pumps ETF's. That's his job.

@DsrPrivate I think DXY will fall relative to commodities like gold or crypto, but it won’t fall nearly as much against other fiat. The ROW has their own set of problems and are dropping rates faster than US

@dampedspring Why does the US care about private sector wealth of China? Especially on a good that is a monopoly and inelastic. This tax is going to be paid by China because where else are they going to buy it from? Semi is heavily subsidized and owned by the CCP, so it isn’t even private

A reminder of the identity that I can't prove because it's an identity An increase in a tax by any government on earth is paid by the global private sector and reduces private sector wealth. Who pays is another question but the global private sector gets less wealth

@SalsaTekila Going up boys

@DsrPrivate This is on the ES or SPX?

@DsrPrivate Gold imo is trading like the VIX, a fear indicator. A ease in tariff, taxcut announcement or lower tariffs is underpriced. EU countries continue to sell USD assets but not buying their own equities. Gold is being propped up by vol as a proxy, likely short term pullback

@DsrPrivate Not a cup and handle by its classic definition, also volume increased on the handle instead of a typical pullback

@HMugwagwa @DsrPrivate What does this mean? That he is speaking publicly?

@DsrPrivate lol, he did say if bessent is out front it’s on for longs.

@charliebilello 1 year? How about next 1-2-3days?

The $VIX increased 109% last week, the 3rd biggest weekly spike ever. What has happened in the past following the biggest $VIX spikes? Stocks have tended to bounce back with above-average returns over the next 3-5 years. High volatility = opportunity for long-term investors.

@DsrPrivate Any thought on oil like crude, xom, oxy?

@DsrPrivate Getting emails like this today. Panic.

@DsrPrivate Andy, I appreciate the analogy. As a younger generation, I didn't quite understand it. Could you help us understand what you mean?

@_tm3k @litecoin Yes sir!

@litecoin .@ibankbitcoins reddit king

Name someone big on the crypto scene from 2010-2017 that only OG's would remember. And why.

@DsrPrivate Tariff this heavy would bump USD but it hasn’t moved much