It will happen again

and you'll wind up covering the bill, as usual..

It’s cold outside. Too cold to walk my dog. The gyms are closed too. Fuck.

Not from the time of day.

Not from construction.

Not from the holidays.

From the infinite wisdom that governments seem to possess regarding health. Despite the fact that the average health minister looks like an obese land whale and requires 6 different types of meds to keep their blob of body functional, they’re somehow qualified to dictate health policies for others.

Today was different though. Right when they invoked the emergency measures act, I knew shit was hitting the fan in a bad way. War time measures for some truckers honking horns because they don’t want to take a failed vaccine? The same one that gives you myocarditis? We could go on here but that isn’t point of this.

It was when they froze their bank accounts. That’s when it hit me. Hitting me is putting it lightly. More like a cosmic slap across the face to wake the fuck up.

A government literally froze the bank accounts of citizens, who didn’t want to take an experimental and high risk vaccine for a low risk virus because they protested. And it wasn’t some BLM, burn down a city riot. It was a truckers honking horns, with bbq’s and people camping out type of protest. That same government who took away so many people’s ability to work, pay their mortgage and support their family over failed lockdowns and bullshit mandates, just went after their savings as well.

The point of this isn’t the distaste for the pandemic, or the hate for a corrupt and poor government that clearly being manipulated by pharmaceutical companies. Everybody either agrees, or still wearing a mask by themselves in a car. The point here is those fucking people just showed the entire world that if at any time, you get sick of their shit and abuse and start barking back they’ll just say…

“Fuck you, we’ll just take whatever fucking money is leftover after taxes too.”

Absolutely not. Couldn’t be me.

And shouldn’t be you either.

I remember thinking to myself ..“How in the actual fuck do you short a company 140% of it’s existing shares?”

I had grazed over this thesis a few times. As much as I hate that cesspool, echo chamber, shit hole of site reddit… there were times years back where very niche corners of it were actually useful. You might be familiar with what I’m talking about already. That mind melting GME short squeeze of 2021.

I’m not sure what it was, but something was compelling. In any other situation, there would have been zero chance I would’ve put money in GameStop. I’d been investing for a while already and made some good money off of weed stocks from the Canadian weed legalization bubble and was playing around with options on the side. But something just didn’t make sense. Seriously. How the fuck can something get shorted 140%?

That means, by definition, more shares have been borrowed to short than exist.

Let that marinate for a bit. How the fuck is that allowed?

I listened to roaring kitty’s YouTube rants. Read his stuff. Honestly, it just clicked. New consoles coming out soon. New CEO and leadership rolling in. And a serious supply issue with the shares. The most basic principle of supply and demand tells you when the supply is short, price goes up. It was really just that basic for me. Few potential catalysts, and a company that was so incredibly shorted into the ground that I couldn’t even believe it.

Fuck it, we ball. Tossed in about 10 grand. The world was shut down anyway, and Canadian and American governments were handing out money. Good time to be risk on.

I still remember looking at my phone that day. My OG buy in price was around $40 a share. I thought my fucking phone was broken. It just kept going up. Every time I refreshed the app. $100. $200. $250. $300. $330. $370. Breaching $400.

What in the actual fuck? How is this happening?

Yeah sure, short squeeze.

But how was it this bad?

You might have seen Thomas Peterffy from IBKR admit on live television that the stock market almost ripped in half.

That they had to halt the buying.

They had to prevent people from exercising options.

They just had to stop retail.

Why? Well, its simple. If you haven’t noticed, central banks and governments are massive fans of privatized wins and socialized losses. And that ratio nearly flipped on them hard. There was collateral damage. Entire hedge funds got clipped and went under. Congressional hearings and lies. Fortunately, I still made good profits on that trade. The dips and rips that followed over the next year were incredible money making opportunities for swing traders and option sellers (and sometimes buyers, but that was whole other level of degenerate gambling).

The nice thing about that niche corner of reddit that obsessed with this trade was the top tier, weaponized autism grade research done by people with absolutely nothing better to do during pandemic lock downs. People who got burned when Robinhood locked them out of buying shares or exercising their calls. People who just witnessed the system win once again. No stone left unturned, and some of the stones turned were disgusting to say the least.

Thanks to the diligent detective work of unhinged internet autists, I began to get familiar with naked short selling, and the various tactics employed along side of it. To be honest, its a brilliant strategy. Find a failing business, like GameStop. Start shorting it. Run hit pieces on CNBC. Open useless lawsuits and civil cases that go nowhere. Spin up the negative sentiment in the masses. Open massive naked short positions and dump them into the market. Utilize loopholes and workarounds to never deliver the shares borrowed.

The price keeps crashing. Company is in serious trouble. Once the company is bankrupt?

Congratulations. The billions you made shorting it into the ground are now tax free. The shares that you failed to deliver for years on end? No longer an issue. The real details are more technical, but that isn’t the point here.

What this should highlight is the fact that no stock or asset held by a custodian is truly safe.

The brokers will deny access to funds if needed. The brokers will even prevent you from buying or selling if they see fit to do so.

Privatize the wins and socialize the losses. By any means necessary.

You are the collateral damage. Always have been. And will continue to be.

Unless you make an active choice not to be.

I still remember 2008.

In painful hindsight, it should have been clear what was going on. The people getting approved for loans that had 0 business owning homes were a burning red flag. Unfortunately, unless you were aware of what CDO’s were, you had no chance. And as usual, the media lead the masses to an absolute slaughter.

A complete fucking bloodbath.

Peter writes, “Should I be worried about Bear Stearns in terms of liquidity and get my money out of there?”

No! No! No!

Bear Stearns is fine. Do not take your money out. If there’s one takeaway, Bear Stearns is not in trouble. I mean, if anything, they’re more likely to be taken over. Don’t move your money from Bear. That’s just being silly. Don’t be silly. - Jim Cramer, March 11th, 2008.

Bear Stearns’ stock was trading at $62 per share. Five days later, it crashed due to the liquidity issues that nearly tore apart the entire US stock market. It was later “bailed out”… at a whopping $2 per share.

The writing was on the wall at that point for anyone paying attention. But for the average person? No fucking clue. This was a last ditch effort for the institutional and wealthy investors to dump whatever they had before it imploded. To make it even better, even if they got clipped, many of these fuckers got golden parachutes the whole way down, funded by your own tax dollars. Often rolling into another cushy executive job shortly after.

Yep, degenerate strung out wall street bankers, who took on more risk than any system should have ever allowed, nearly took out the largest stock market on the planet. The ripple effect was massive. Pension funds gone, decades of growth reversed, jobs decimated and lives destroyed.

And what do they get? A slap on the wrist, and bail outs funded by your own tax dollars. In fact, the only person that did any sort of jail time for the bullshit they pushed only did 6 months..

6 fucking months

At a minimum security, adult day care after they made in year what most people will never even see in their entire lives..

The system is and has been broken and rigged beyond belief. And when it breaks you get to experience the full force of the impact, then pay to fix it after too.

It’s the same shit every time. Over and over

The pattern keeps repeating. And it will never stop repeating itself either. The question is, do you allow the pattern to continue to burn you, or do you opt out?

Control systems are getting tighter. More rules and regulations regarding your money, privacy, freedom and freedom to speak are being proposed and passed every year..

Fiat currencies are being printed non-stop worldwide. Forever diluting and inflating away the purchasing power of the whichever local currency you use. Neel Kashkari, the president of Federal Reserve in 2020 during a 60 minutes interview was asked what he would say to someone rushing to an ATM to withdraw cash during the COVID pandemic. His response?

“You don’t need to. Your ATM is safe. Your banks are safe. There’s enough cash in the financial system. And there’s an infinite amount of cash at the Federal Reserve. We will do whatever we need to do to make sure that there’s enough cash in the banking system.”

When asked if the Fed’s ability to flood the system with money had any limit:

“There is no end to our ability to do that.”

Sit with that for a minute. It’s complete bullshit. Absolute madness…

But what’s the solution to this madness?

That solution is some “fuck you” money.

Enter Bitcoin.

When I say fuck you money, my definition is slightly different than the typical. Most people think of fuck you money as a number. A number of dollars that allows you tell people, like your boss for example, fuck you. A number that buys you financial freedom.

To me this is partially correct. Fuck you money should definitely have a high number associated with it, but what about it’s properties?

You could have 10 million US dollars. This is your “fuck you” money number. You’re done working. You feel free. You’re gonna go live your life without worry.

But what happens if:

You get divorced and she wants half (or more)?

You cause a car accident and somebody dies, and now you’re getting sued?

The government doesn’t like what you’ve posted online or participated in and is now freezing your bank and brokerage accounts?

You’ve found yourself in some legal trouble and the courts are trying to seize all your assets?

You need to leave your country ASAP, but the banks and brokerages are giving you the run around. Their multiple business day to business week timeline isn’t aligning with yours.

Well in this case, you’re fucked.

Your fuck you money number isn’t as strong as you thought it was, and now you’re broke and back in the wage cage, or off to jail with nothing waiting for you when you get out.

What would have happened if that 10 million was in Bitcoin?

You’re getting divorced and she wants half? You can say FUCK YOU.

You’re getting sued.. sure they can go after the assets they have on paper and in brokerages but the Bitcoin? FUCK YOU.

Courts trying to seize your assets, but you’re the custodian of your cold storage bitcoin… FUCK YOU.

Need to leave the country ASAP? All you need is 12-24 words, a phone or laptop and an internet connection… FUCK YOU.

Bitcoin does not give a fuck, and it is by definition fuck you money.

As they say, tick tock, next block.

Look around and see the pattern. The corruption. Your rights and privacy slowly fading away.

It all makes Bitcoin a compelling asset. As Satoshi once said in 2009 “It might make sense just to get some in case it catches on. If enough people think the same way, that becomes a self fulfilling prophecy.”

It’s safe to say at this point that its caught on. If you look at the rate of returns since its inception, a little bit can go a long way. A nice little fuck you nest egg, or gigantic fuck you net worth. That’s for you to decide.

But just remember, it will happen again. And you’ll be the one footing the bill.

You have a unique opportunity to say fuck you, in a way that actually works.