Roughly 30% of all the money ever created in this country ...

[Satoshi Popinjay]

Roughly 30% of all the money ever created in this country, was created in 2020.

Meanwhile, morons like BillB, Dutchtard, and Jerrytard, think the wondrous Biden economy is "booming". Probably many more RGPers think the same.

BillB thinks inflation is 2%. What an idiot. I would laugh at him, but this shit ain't funny.

Even Dogecoin is safer than the US Dollar.

[Clave]

Degenerates like you don't WANT good bets.

[BillB]

I'm still waiting for the price of LA Big Macs to go up one penny.

I've asked you a couple of time to predict when the price will double to $12.38 (on the way to at least $800 by next February), but you keep cutting and running. How come?

[BillB]

And a few more questions, if you'll indulge me. Seriously, you could obviously teach me a lot.

My main question is, how is it a guy like you with an 8th grade education can see an imminent collapse of the US dollar coming, but all those highly educated professional institutional traders, who collectively trade hundreds of billions of dollars a year, can't? Why is the US dollar index at the exact same price it was three years ago? And finally, why is a hyper-successful company like Berkshire Hathaway holding on to a soon to be nearly worthless $150 billion in cash? You'd think they'd put at least $50 billion of it into Big Mac futures.

None of it makes any sense to me. Please enlighten us all with your 8th grade wisdom.

[BillB]

Just one more question, please. This is the biggie. What is your strategy for becoming filthy, filthy rich in the next 12 months, being armed with this critical inside information the markets clearly don't have? Knowing the dollar is going to lose at least 99% of its value in the next year is not much different than knowing a company's share price is going to increase 99x in the next year in a near zero inflation environment! You say the situation is "not funny," but if I knew what you obviously know, I'd be laughing all the way to Holmby Hills.

[Satoshi Popinjay]

On Monday, May 10, 2021 at 4:20:02 AM UTC-7, BillB wrote:

> Why is the US dollar index at the exact same price it was three years ago?
>

All the countries are doing the same thing, dope.

[BillB]

So you're saying the US dollar's value isn't changing relative to all the other major currencies overall? Hmmmm....
That means if you want to buy something from another major country, the real price likely isn't going to change at all, right?

Why didn't you answer my other questions? Too hard for you?

[da pickle]

Negative interest rates are next for the USA.

[BillB]

Uhh, why would interest rates be negative during a period of hyperinflation? Looks like we have another RGP genius who's going to be a trillionaire this time next year. LOL

[Satoshi Popinjay]

On Monday, May 10, 2021 at 5:11:48 AM UTC-7, BillB wrote:


> What is your strategy for becoming filthy, filthy rich in the next 12 months, being armed with this critical inside information the markets clearly don't have?

I'm going to corner the market on cheap blankets.

[BillB]

So you don't have a serious answer? Didn't think so.

The *very least* you could do is mortgage everything you have to the hilt, borrow whatever else you can, then use the proceeds to short the US dollar on the maximum margin possible. Then in a year, when you're as rich as Warren Buffett, you can pay off all those mortgages and loans with hyper-inflated dollars.

Now, let's be clear...I'm not recommending you do that, but then again, I don't know what you "know".

[Satoshi Popinjay]

I'm going to play video poker.

[da pickle]

https://worldpopulationreview.com/country-rankings/countries-with-negative-interest-rates

https://www.forbes.com/sites/amiyatoshpurnanandam/2020/04/01/getting-ready-for-negative-interest-rates/?sh=3e1ad152f87d

https://www.washingtonpost.com/business/energy/negative-interest-rates/2020/08/04/6acbe0b6-d642-11ea-a788-2ce86ce81129_story.html

We create money and we continue to create it at a higher rate as we add
days to the year.

Things are close to upside down. All of *You*, of course, know that
since Biden has become president, all will be OK and we can
*print/create* even more money than usual. No problem. It can go on
forever. There is no end to this road in the green woods ... it does
not divide so we never have to make a choice.

[BillB]

Nice dodge. Now show me a country with high inflation (let alone hyperinflation) that has negative interest rates. The other option is to just admit you don't know what the fuck you are talking about.

You're the guy who has been predicting an imminent economic collapse for about 20 years now, right? But now we're finally getting "close"? LOL I hereby appoint you as Chairman of the Chicken Little Society.

[VegasJerry]

On Monday, May 10, 2021 at 4:20:02 AM UTC-7, BillB wrote:
> On Monday, May 10, 2021 at 2:09:43 AM UTC-7, BillB wrote:
> > On Monday, May 10, 2021 at 12:49:33 AM UTC-7, Satoshi Popinjay wrote:

> My main question is, how is it a guy like you with an 8th grade education ....

See what I mean about the gullibility of Gullible BillB?
He actually believed that.... LOL!

(Are ALL canucks this stupid?)

[BillB]

On Monday, May 10, 2021 at 12:49:33 AM UTC-7, Satoshi Popinjay wrote:

> Even Dogecoin is safer than the US Dollar.

Refresh my memory....when was the last time the US dollar dropped 38% in 24 hours?

[Satoshi Popinjay]

Refresh my memory. What does volatility have to do with being "safer"? Oh, I forgot, you like to sit on your leather ass waiting for the nuts.

[BillB]

On Monday, May 10, 2021 at 9:00:40 PM UTC-7, Satoshi Popinjay wrote:
> On Monday, May 10, 2021 at 7:10:41 PM UTC-7, BillB wrote:
> > On Monday, May 10, 2021 at 12:49:33 AM UTC-7, Satoshi Popinjay wrote:
> > > Even Dogecoin is safer than the US Dollar.
> > Refresh my memory....when was the last time the US dollar dropped 38% in 24 hours?

> Refresh my memory. What does volatility have to do with being "safer"?

Ask the people who lost 38% of their money in 24 hours.

A "currency" that is that volatile is useless as a currency. Imagine the havoc it would cause if the US dollar dropped 38% in 24 hours., went up 31% in the next 8 hours, and dropped another 25% in the next 12 hours? It simply wouldn't work. I guess vendors would have to change their prices up and down throughout the day?

You may as well be playing one of those sucker spinning wheels in Vegas.

>Oh, I forgot, you like to sit on your leather ass waiting for the nuts.

That's not how I play poker. You've seen my results. You can't win like that waiting for the nuts.

I do have a leather ass though. When I was younger I could play 48 hour sessions. 24 hours was nothing. My favorite poker memory was my first time playing at this private club in Edmonton. It was a small game, but about 12 hours in I was just destroying this table. I was running good, but I was also outplaying everyone, showing bluffs, making great laydowns, etc. I was in the zone. I think I was up almost 2g's and the guy beside me said, "If I could play poker like you I'd never work another day in my life." lol Best compliment I ever got.

I was kind of worried my wife was going to be mad when I got home in the morning (8 hours late), but she's just not like that. Never has been. I went to sleep and she went to the West Edmonton Mall with my winnings.

[Clave]

On 5/10/2021 11:50 PM, BillB wrote:
> On Monday, May 10, 2021 at 9:00:40 PM UTC-7, Satoshi Popinjay wrote:
>> On Monday, May 10, 2021 at 7:10:41 PM UTC-7, BillB wrote:
>>> On Monday, May 10, 2021 at 12:49:33 AM UTC-7, Satoshi Popinjay wrote:
>>>> Even Dogecoin is safer than the US Dollar.
>>> Refresh my memory....when was the last time the US dollar dropped 38% in 24 hours?
>
>> Refresh my memory. What does volatility have to do with being "safer"?
>
> Ask the people who lost 38% of their money in 24 hours.
>
> A "currency" that is that volatile is useless as a currency. Imagine the havoc it would cause if the US dollar dropped 38% in 24 hours., went up 31% in the next 8 hours, and dropped another 25% in the next 12 hours? It simply wouldn't work. I guess vendors would have to change their prices up and down throughout the day?

Assuming some fictional currency, OPEC wouldn't put up with it. They'd
immediately move the world's petrocurrency to something stable.

Pop-Tard thinks that kind of volatility is "safer".

[Satoshi Popinjay]

On Monday, May 10, 2021 at 9:50:31 PM UTC-7, BillB wrote:

> Ask the people who lost 38% of their money in 24 hours.
>

They only lost if they sold. HODL!

[Clave]

Or if they were in a fund that sold.

Is there no depth to your shallowness?

[Satoshi Popinjay]

On Monday, May 10, 2021 at 10:20:54 PM UTC-7, Clave wrote:

>
> Pop-Tard thinks that kind of volatility is "safer".

Variance is your friend. If you were a real poker player you would have heard that before.

[Satoshi Popinjay]

Ask your accountant, dumb ass. Just like capital gains, you don't win if you don't sell. Unless your buddy Biden signs a law regarding UNREALIZED GAINS. He's talking about it. Fucking communist.

[BillB]

How would that work?

In Canada we have deemed disposition of capital assets at death, at which point 50% of the capital gains are taxable income to the estate. Your primary residence is exempt. The government has to raise x amount of dollars, and I'd rather defer as much as possible of my share until after I'm dead. Hurts a lot less that way. Your heirs who inherit your capital property assume a new cost base of fair market value at the time of death.

The problem I have with capital gains tax in general is that it is not adjusted for inflation, so it's possible you could have to pay a "gains" tax on property that was an effective loss. That's why they exempt 50% of your capital gains to compensate, but then everyone is paying a different effective tax rate on their gains. I've never understood why they don't just adjust the cost base for inflation and then tax 100% of the real gains. Much fairer.

[Satoshi Popinjay]

On Monday, May 10, 2021 at 11:50:17 PM UTC-7, BillB wrote:

> How would that work?
>



Beware of a Biden Tax On Unrealized Capital Gains

https://www.realclearmarkets.com/articles/2021/01/25/beware_of_a_biden_tax_on_unrealized_capital_gains_657597.html#!

[Pierre Trudeau]

https://www.entrepreneur.com/article/371609

[BillB]

We all know the price of Big Macs is going to increase. The question is by how much and when. Do you have a prediction for when they will double in price? The cat's got popinjay's tongue.

[Pierre Trudeau]

But did you realize the CPI is double the 2% you've claimed?

https://www.cnbc.com/2021/05/12/consumer-price-index-april-2021.html

[BillB]

I already corrected myself on that. I said I meant to type 2.5% (which I did), and I specified I was talking the about the average from the last
four months (for which there is data). Yes, I included April's 4.3% annualized rate. The inflation rate for fiscal 2021 will likely be about 3.5%, but even if it were 5%, that's a far, far cry from the hyperinflation popinjay is talking about. He thinks a Big Mac is going to be at least $800 by next February.

You forgot to tell me your prediction for when the price will double. Why do all the inflation hounds keep doing that?

[Pierre Trudeau]

No one knows when prices will double. But hyperinflation always starts slowly. By the time it's recognizable, it's too late to stop it. MMT is a fantasy and will doom the country and the world.

[BillB]

Nobody "knows," but I can give you a pretty good educated estimate.

>But hyperinflation always starts slowly. By the time it's recognizable, it's too late to stop it.

But it hasn't started at all. The inflation rate for the last 12 months is a little over 2%. The recent modest bumps are attributable to a very wealthy country coming out of a pandemic and are predicted to be very temporary. How would you feel if your doctor said he wanted to put you on chemotherapy, even though there is no evidence you have cancer, because "cancer starts slowly and by the time it's recognizable, it's often too late." Doesn't make a whole lot of medical sense. A one or two month minor blip in the inflation rate is not a good reason to slam the brakes on the economy.

>MMT is a fantasy and will doom the country and the world.

That "fantasy" has provided you with the highest standard of living in human history. Leave the monetary policy to the experts. I can assure you they know much better than you.