IDesireWisdom

IDesireWisdom t1_jegns0m wrote

Prove it. You still haven’t explained anything. You’ve labeled it illogical but haven’t explained how. The burden of proof lies with you.

You don’t have to explain anything, but I have no reason to believe you. In the event someone else is reading this, you’ve offered them no reason to believe you except your dissent.

Prove my argument is illogical.

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IDesireWisdom t1_jegncl4 wrote

If the dollar is going with it then you’ve overvalued the dollar. It doesn’t matter if your puts are profitable if your dollars aren’t worth anything.

I speculate it’s better to put those dollars to use now while they’re worth something. If you’re buying commodities with the dollars you do have that’s one thing, since it’s actual wealth. If that’s not what you’re doing then IMO you should just spend them bc they’re going to be worthless anyway.

The future is uncertain. But what I do know? I’m regarded.

If I don’t translate my money into wealth then yeah I’ll be screwed. But if the dollar is going to zero than I’m screwed hanging on to dollars anyway. So basically I’m screwed!!!!

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IDesireWisdom t1_jegd9rx wrote

It’s completely logical. The Fed dumped hundreds of billions into the banks as part of the Bank Term Funding Program at the same time as it employed its ‘backstops’.

This move by the Fed isn’t logical only if your frame of reference is that the Fed is trying to improve the economy for poor people.

If you understand that the Fed has manufactured a scenario where you can win as long as you don’t have FOMO - its literally manufactured to win - then the moves make complete sense.

Thanks to fractional reserve banking, hundreds of billions turns into trillions! It’s amazing

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IDesireWisdom t1_jefyyf3 wrote

Do you find it ironic that understanding Burry’s predictions requires some ability to think critically?

The people capable of understanding his predictions don’t need them; Those who don’t understand them are the ones who gamble on them.

Instead of agreeing with burry because we understand him we erect the church of Burry and pray to him for answers

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