Sooooo that gives us how long, exactly, until we dive nose first into a huge world wide recession?
Remove the rich
Nobody should be allowed to be a billionaire, put max caps on netwoths. Anything over 10-20 million should go 100% to tax
I do believe he is starting investments into new projects and needed liquid cash. I wouldn’t dig too deep into this.
Anyone hear a loud hissing sound?
Peter Thiel and Donald j Trump are both best friends with Jeffrey r Epstein and child rapists.
Here Comes Another Bubble v1.1 - The Richter Scales https://youtu.be/I6IQ_FOCE6I
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Peter Thiel sells his Tesla stake
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Telsa price goes up
Lolz. Lmao even.
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Hope he loses everything
The whole fucking thing needs to crash to the ground.
Hilarious that at the end of this specific article, for me, an ad popped up advertising AI investing 😂 Jesus we are so fucked
Honestly, if someone is goi g to pick shit at random, I rather have AI do it for 5 bucks a month than abnaker for 200k a year.
Of you’re going for chaos based investing, just buy a goldfish
i hate peter thiel but i also hate nvidia and tesla so i hope this ends out somehow being bad for everyone
The best case, I think, is for Nvidia and Tesla to do well in the short term (next 6 months or so) and then crash. That way Thiel and most people following his investment advice get to eat it, but the bubble doesn’t stay propped up for too long.
My bet is that he’s trying to start a panic in the markets. That way he can clean up on a short.
I would say I am fairly sure its some kind of afinancial crime to uh, short a company you have a material position in…
But we live in ‘interesting times’, so… who knows!
… Maybe he had an ‘interesting chat’ recently, with Michael Burry.
That would be ‘funny’.
I think it’s cute you believe that we live in a world where financial crimes are actually prosecuted.
I remember Enron being prosecuted, we did at one point at least kind of pretend to give a shit.
But uh… yeah…
Wouldn’t that be below somebody like Thiel? I mean, he is a professional and this seems a bit too much “amateurish”…
He believes that there is a bibilical antichrist alive right now, and he can stop it but also shouldn’t. He’s disconnected from reality so severely, he lives in a completely different world. The fact that he’s rich is not a testament of his professional capabilities, but to the fact that in current capitalist environment, the only prerequisite for being rich is to be lucky and have zero morals
This comment is a joke, right? How do you think these people became so wealthy in the first place?
I don’t say it would MORALLY below him, quiet the contrary, but more from a skill level. Acting so obviously would be just amateurish.
Acting so obviously would be just amateurish.
Please stop thinking of these people as massively brained smart people, instead of just being rich and lucky. These guys are just in it to make the number go up, don’t think they have any floor to how low these fuckers would sink
You are assuming he’s doing it himself, instead of on advise if his financial advisors
It would indeed indicate some kind of corrupt insider trading knowledge
Is this sarcasm or do you really believe it?
Wouldn’t that be below somebody like Thiel?
He asks about the anti christ
Oh, it will. Bad for everyone human.
It will end badly for us.
The next year before the Midterms is going to be a wild circus.
The next year before the Midterms is going to be a wild circus.
The criminal attacks on the entire democratic process will be at a new peak.
I hope your 401K is diversified because this will bring down a lot with its fall.
I hope your 401K is diversified
When the MAG7 makes up half the S&P 500, its hard to get away from. Even if you somehow manage to avoid holding a big tech company (or a company that’s predicated on the spending of a Big Tech company), a downturn will force cascading sell-offs.
If it isn’t diversified, then you’re not investing. You’re gambling.
Does anyone 401k even let them choose what they want to invest in?
I have like 4 plans I can choose: Retire 2035, Retire 2045, Retire 2055, Retire 2065 and that’s it.
No options in the portal to do anything else. I can’t choose my stocks, any indexes, anything. The only other page is to change my contribution percent.
Yup, I have ~15 options. Basically:
- low cost S&P 500, US mid-cap fund, US small-cap fund, and total international funds (all under 0.10% ER)
- 1-2 actively managed options for each of the first bullet point with much higher fees
- 3 bond funds
- a cash fund
- a retirement fund (tons of bonds and cash)
I’m in a mix of the first bullet point.
401ks won’t let you pick specific stocks, generally speaking, but they should have more options than just target date funds. Most will at least have an S&P 500 fund and usually an international fund.
I have a 403(b) because I work at a university but yes we get to pick between a ton of stock funds but also a handful of blended assets, an invested bond, and a non-invested bond if you really think shit’s gonna go south. My last job did not offer this kind of thing tho.
Soo… gold and silver then? No clue how crypto is gonna hold up.
Wait, crypto is still alive?
Thriving. The Trump Era has been gangbusters for crypto, as he’s made all sorts of crazy promises about building a federally financed coin reserve and stuffing it with digital crap.
Well, Bitcoin is down about 25% from it’s high a couple months ago so there’s that.
That means the peak is here. The insider of all insiders sold? Dump everything!
Yep.
I read this and actually said aloud “Oh Dear God.”
I mean, I’m a poor, I don’t have… a pension, investments, I’ll be lucky if my net worth ever exceeds the FDIC guaranteed $250k…
But uh yeah, yeah, if you have any uh, exposure to the stock market… uh, good luck!
Have fun realizing you were actually just barely less poor than me, this whole time.
was gonna say. they guy whos company is to to have all the information. mmmmmm.
Imagine if he waits for people to panic and sell off and then buys back into the market.
In this case, I expect that the market is due to tank for real soon, so that would maybe be a stupid move, but it seems like in general someone could literally trade on the perception that they’re an insider (regardless of whether they have real inside information or not) to manipulate the market in their favor.
I imagine this should count as illegal stock market manipulation, but the government would be too toothless to prosecute it.
I imagine this should count as illegal stock market manipulation, but the government would be too in on the scam to prosecute it.
FTFY
This is the government’s favourite sport. What do you think all the tariff announcements and later withdrawals are doing?
The MAGA government will get in on it. Trump will probably make some kind of ridiculous statement to kick off the plunge, so they can all profit on the slide, and rebuy at the bottom, and recycle the bubble.
The word is regulatory capture, and the game is upwards wealth transfer.
They’d probably encourage it
The government did it itself just way bigger.
lol. prosecuting one of the in crowd? They’re not toothless (in this case at least), they’re just protecting one of their own.
Who cares tho. Anyone who sells now still made massive gains. Only gamblers think about “potential gains”.
gamblers duck in and out over the course of hours and days with leverage
Sucks that even though I’m not invested in anything, when this pops I won’t be able to buy food. Thanks a lot, wealth and “security” chasers.
Isn’t this an interesting property of market economies?
Software and silicon chip manufacturing has literally nothing to do with food production and yet a ‘disaster’ (I.E. going back to the status quo as of a few years ago) in that industry will affect your ability to eat. Nothing has happened to the farmers or their fields, or to the logistics system that moves food from one place to another, and yet somehow things suddenly can’t find their way from where they are produced to where they are needed.
Remember, this is supposed to be the most efficient way to allocate resources.
eyup. I mean considering it was more about not having housing before and now its about not having food we can see where things are going.
