Hearted Youtube comments on David Lin (@TheDavidLinReport) channel.
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Will Your Assets Be Confiscated?
As a former cop, and a veteran of two urban riots, please allow me to share my thoughts. If those in "supposed" power attempt to seize assets that required a lifetime of hard work, blood, sweat, toil, time, tears and sacrifice to earn and save to benefit themselves and their families, then all semblance of a social contract with that government will be shattered with no turning back! If everything is taken, then what does a person have to lose? Believe me! I have witnessed the reality of uncontrolled urban riots decades ago, and the nightmare of that truly frightens me to the core! CBDCs must be stopped at all costs as well, as I genuinely fear that could mean the end not only of personal freedom, but the Republic, and quite possibly the end of modern civilization itself. What would be the incentive to dedicate yourself, work hard and sacrifice only to allow bureaucrats to control every aspect of your God-given life?
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Great interview, really enjoyed listening to Doomberg. As far as an all electric military, it’s a 100% disaster plus policy. As a retired veteran with multiple Deployments to the Middle East, there is no way to create that kind of electric infrastructure when you’re operating out of a forward operating base (FOB) in the middle of nowhere, and then what are military units going to do when they have to do patrols or go one long haul missions where they normally bring extra diesel with them. Additionally, if the enemy were to take out our electric grid at a base, we are out of the fight. It’s just insane to think that’s even a possibility that the clown show known as the Biden administration would even consider. That said, making America weaker, more vulnerable and divisive have been the corner stones of the Biden presidency.
Btw, couldn’t stop laughing when Doomberg made the comment about Germany going back to coal, “with the speed and efficiency of the evacuation of Dunkirk.” I would agree that for the US, nuclear energy is the answer. I think in 50 years we are going to see the US wasted trillions on “The electric energy experiment,” that was highly inefficient to create, expensive to maintain and essentially a horrible ROI.
Doomberg also made an excellent comparison to melting gold and tornado cash. Never thought of it like that but it’s 100% true…exactly the same outcome.
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This guy is great. I'm commenting as I watch. I love how solid he is in his thinking. Like with the losing money as a young trader being so valuable, and then when DL pushes back he lists the three most important reasons: you will learn the most valuable lessons you need as a trader, you will do it with less money, and you will do it when you have a lot of time in front of you. Right, enough said.
He says, "I can't predict whether there's going to be a recession or not, I just play the markets, and I believe that until the idea of this recession is given up on, the market is going to go higher." DL says "They'll give up on it once it actually happens." Love it.
He says "Find me one person that is massively leveraged long in the stock market right here. I can't find that person. I'm sure maybe they exist somewhere." It's so good because he's not trying to explain how things are or why, he's explaining how he trades, which is a very different thing. A trader once told me "there are a lot of ways to spin the ball". Take it from the man.
Responding to how bears turn bullish he says "It's a very strange time because people that are fundamentally bearish, which are pretty much every fundamental person that I know or listen to, how are they going to get fundamentally bullish if the markets ten percent higher than here? I just don't know." Well said. It's so interesting right now how many seemingly high level people are on divergent sides of the fed debate and yet from my perspective the fed is just doing what they're supposed to, as best they can. Looking back, there's not a lot of 'controversy' over fed actions, just evaluation. Surely they're not trying to fuck up with everyone watching. Sometimes you just gotta see what happens.
He attributes a lot of the recent market up move to people being short. I wonder how this relates to fund flows. Is he saying that this time it's because of people being short here now or is this a general rule. What happens when people are bullish and the market is going up or the trade is working. I'd love to know more about how this guy developed as a trader, he mentions being well read and it sounds like he's worked with different people, more about that stuff would be cool, and only for the smart interesting guys. Haha.
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CPI doesn't really matter, what matters is our personal inflation.
We have to look at the items we actually spend money on and how much of our budget those items account for.
For those who own their homes, our cost of shelter is not likely rising 8% / year as they likely have fixed mortgages
Yes, insurance and taxes have likely gone up, and as example let's say they have gone up 10% over the last year
But if insurance and taxes are, say, 2% of our total budget, then the inflation on our total budget for those items is .2% year over year
Then we add in other items and do the calculation again for those items vs total budget
At the end of the list of items we can tally our personal inflation
For myself, it was less than 4% / year since 2020 and is tailing off this year (as the CPI rate is going down)
One can also substitute (ie: chicken instead of steak, eating at home instead of out) or delay (ie: more clothes when we have enough already) purchasing some items to help address / control some of the impacts of inflation on our personal lives. Not to mention OER is a ridiculous item to include in CPI.
I am not casually dismissing inflation, it is real and it impacts lower income earners / households more,
but I would venture to guess, most of us watching David are not experiencing the CPI rates in our personal lives
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