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naraburns  nihil supernum  1yr ago (text post)   3413 thread views

Friday Fun Thread for March 17, 2023

Be advised: this thread is not for serious in-depth discussion of weighty topics (we have a link for that), this thread is not for anything Culture War related. This thread is for Fun. You got jokes? Share 'em. You got silly questions? Ask 'em.

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Its debatable whether there are any securities one could buy that would pay out at positive net real value if the dollar devalued by 40x over 90 days. Far out of the money call options would definitely not pay out. This isn't about reading the fine print; there is no possible sequence of words in the options disclosure document that would prevent the government from canceling the transactions of "speculators betting against the wellbeing of the American People," for example

Is there a precedent for this? Technically, I was betting on america, spy to the moon, yee-hee.

There is precedent for exchanges cancelling trades after execution, and there is precedent for the US Government seizing speculative assets immediately before they predictably rise in value. You can extrapolate how exchanges and governments would react to even more extreme market events.

It's not much. LME got a lot of shit for that, accusations of being in bed with the losers, lawsuits still pending etc.

In 2008, some bet fifty to one against mortgages, that was less ambiguous, and they kept the money. Besides, you think they wouldn't let apes profit from a call, yet look on your bitcoin gains with benevolence? Closing that door is the first thing they'll do.

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