The Ruble follows the price of oil in US dollars nothing more. Oil is down in US dollars the ruble is down. Oil goes back up the Ruble goes up. Russia keeps the same $3480 ruble per barrel of oil to keep a constant flow of funds to the government. Nothing more nothing less. Russia cannot and does not want to trade oil in Ruble because they cannot take 40% less for their oil and stay solvent.
I bought real estate in 2008 based on an inflationary view. When I switched, it didn't matter because I was getting $2000 rents on a $1000 house. I published those numbers back in 2009 but you and most others didn't believe them.
How did I make so much money on the oil bubble? More luck?
I have no idea how much money you made on the oil bubble nor do I care. We are online in a forum discussing your liquidation of all your stocks. I am questioning your reasoning. I am not questioning the results. Do you not understand that? Your results speak for themselves. I find it interesting how you got your results while believing something entirely different was going to happen. Deflation...........
Now you want to pretend it didn't happen? That it was all some conspiracy between me and everyone else involved including Patrick to install a fake thread falsely dated 2009?
I am not saying that any of your calls did not make you money. I am saying that you made bad calls based on the facts at the time. Your theory as to why something would happen, Gold going into a bubble when you had changed your world view to deflationary is just plain stupid. Buying assets when you think there is going to be inflation is smart, buying them when you think there is going to be deflation is stupid. When did you change your world view and when did you make your asset purchases? I think you will find that you took actions that did not agree with your world views yet you still made a ton of money. With that I think you ought to at least acknowledge that, perhaps, other things going on in the world (Fed bailouts) made your calls profitable.
Yup was one of those CRASH CRASH CRASH guys back in 2009 and I'm not surprised he changed his identity. It's nothing I will ever do.
My account was deleted at my request due to some individuals on here wanting to take legal action not due to wanting to hide anything.
Yes you are correct I did believe that massive Deflation was coming. I did not think that the Fed in every developed country on the planet would bail out everything and prop up asset prices for the next decade. They did. At least I know why i was wrong. And you? You think you made a brilliant call. Narcissistic don't you think.
This is why Governor Brown is mandating California to conquer Oregon and Washington and build massive pipelines diverting the Columbia River for filling swimming pools in SoCal.
Next, annex British Columbia.
Columbia river discharges 192 MILLION acre feet of water to the Pacific ocean on average every year. If we built the infrastructure we could pump less than 3% of that fresh water discharge headed to the ocean and fill Shasta Lake every single year (if needed) Total California water consumption for non agricultural users is less than 10 Million acre feet each year.
I think iwogs reasoning used to be hyperinflation because of currency debasement
Which was completely and utterly wrong. He made investment decisions (buying massive housing stock) in the face of a hyperinflation hypothesis during what should have been and might still turn out to be DEFLATIONARY period. Now he pats himself on the back for a horribly wrong call that turned out to make him a crap ton of money due to central banks reflating a deflationary environment.
That is why he continues to discredit central banks. If he admitted central banks have reflated a deflationary environment he would have to admit he made a bad call yet still made a killing. Tough for a narcissist to admit.
DOW futures up 112 on ECB QE to infinity and beyond. Iwog still will not admit FED ECB BOJ QE is driving the market to new all time highs. Iwog will also not admit that he made a bad call to liquidate "All my stocks"
Scorecard Iwog pays 20% capital gains on all his liquidation, market gains 4% since he sold.......ouch!
If he had bought back in on Oct 16 when Bullard of the Fed said this