Do you know what this chart represents?
If you think the decline in the dollar carries zero ramifications, think again. The weakening dollar will lead to capital fleeing this country, in favor of others. It will mark the end to American ingenuity, and the beginning of BRIC dominance. I do not mean to besmirch any of you individually, since my stated goal is to besmirch all of you at once. You trade like monkeys in a coconut tree. Idiots, you’re never going to open those damn coconuts, so you might as well go back to the banana trees.
Although I have bought many longs in recent days, my loyalty is not in the bull camp, not after such a big run. It’s true, capital is free and mergers will take place. But, it’s also true, when the lunatics are running the insane asylum, it’s time to look for a better asylum. In recent weeks and days, the readers of this site have become emboldened by my set-backs, similar to how a jackal would respond to a deer with three legs. However, if you come in a little bit closer for the kill, you will see that I am not a deer at all. As a matter of fact, I am Rambo, hiding inside of a deer carcass, with an AK-47 and several nuclear tipped hand grenades.
I offer you zero secrets to trading success, because they are all fairy tales. You have to put in the years, through trial and error, in order to find your strengths/weaknesses. My strength, ironically, is also my greatest weakness: conviction. Using my convictions, coupled with the algorithmic genius of The PPT, has helped me amass a great fortune over the years. I do not apologize for my mistakes, for they are my own. What you need to figure out, while typing dumbass words, directed at Senor Tropicana, into your computers: “will this improve the quality of my life, in any way, shape, or form?”
The answer to that mystery lies in the message delivered in this subtle, yet potent, video.
[youtube:http://www.youtube.com/watch?v=M5QGkOGZubQ 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter
fig
FIG: http://www.youtube.com/watch?v=Rjjb1LsstsM
Absolutely hilarious! Nice work, RC!
That was not me, it was submitted by a reader.
AK-47. Naw !!! A complete joke. An Ak-47 is nothing but cheap stamped metal. Screw Kalashnikov. He was a fucking communist. An American made Browning M1919 is more like. I have shot a fully automatic AK-47 (cheap !), and even own a fully automatic M-16 (yes, it is legal to won one), and a fully automatic belt fed Browning M1919. There is nothing like shooting a 200 round belt through a machine gun in several seconds. You ought to try it one day, Fly. Worth every penny !
It is time to “Rubin” the Dollar…
As much as we hate Bob Rubin for helping Citibank steal the world, then bankrupt it, he was a very effective Secretary of the Treasury under Clinton.
The dollar was under bigtime weakness during 1993-94. He then came in in 95, sprang his trap, and caught every currency trader leaning the wrong way. The DXY rose from 80 to 120 over 5 long years…
The dollar peaked in 1999 when he left and was replaced by, you guessed it, Larry Summers…The dollar has been down ever since…
Uh, except for that whole Social Security budget merger thing.
FLY,I have been holding VXX since $ 24.32 and am going to average down with 3x my shares I too believe this is all a house of cards waiting to tumble down. I will be a winner with VXX as will FLY. i am still up about 5-7% for the year even with my 40% loss with VXX. I know that timing should be everything but knowing what will happen long term wins always.
Man that idea makes me nervous, and it’s not my money…
Good luck.
This is an up only market sir. There will be absolutely no meaningful sell-off for a long long time. Take a look at what happened to the stock market in Weimar Germany for an understanding of what is happening.
FIG Intresting reading on Weimar Germany. I may rethink this and hold off averaging down for now and possibly nibble on some 3X ETF to make up for loss in VXX. if the market truely rises 10000% the 3X should help ease my losses but then again when a grand slam breakfast cost $800 we all will be screwed.
Now that the Social Security Admin. has announced no cost of living increase for 2011 this past week, we can look forward to a tick up in CPI/PPI numbers.
We should somehow tie the salaries of our federal legislators to the CPI. ………..just sayin.
Not a bad idea. Or, perhaps, link it to deficit reduction.
Agreed. If the old folks don’t get a raise then congress and other blood-sucking leeches get no raise.
If input costs start rocketing, the lack of pass-through pricing power may very well wind up killing margins and, therefore, stocks. However, I strongly suspect that the minute gasoline breaks the $4/gallon barrier, Bernanke will be shoved into the first Amtrak train back to Princeton, where he and his equally-no-common-sense colleague Krugman will be able to continue poisoning the minds of multiple generations of formerly-bright young students.
Krugman is one of the VERY few who has it right.
You mean “We need to create a housing bubble to save the economy” Krugman? Yeah, okay, sure.
http://www.nytimes.com/2002/08/02/opinion/dubya-s-double-dip.html
You’re misrepresenting what he said. In the context, it has to do with what Greenspan needs in order to achieve his aims.
Not very logical. And even less thoughtful. Maybe you should call yourself “notaclosereader.”
No, Spooky, that’s Krugman’s six-years-later bullshit “explanation”. If he had truly believed at the time that that was wrong, he would’ve said so right there, as in something to the effect of “Greenspan may be able to reinflate the economy by creating a housing bubble, but that would be crazy and ultimately destructive for the following reasons…”
The fact that he didn’t say that (or anything remotely like it) makes it clear that he tacitly agreed with that idiotic policy.
Krugman is a fucking Keynesian idiot. It doesn’t help that he has is head up Obamao’s ass.
Like your Supply Side bullshit by “Job Exporter and Middle Class Destroyer”
Deadbeat Dutch Reagan worked? He had his head up his OWN ass!
His policies only caused mourning in America.
I can’t believe anyone in their right mind would say such a thing. It’s like,,,,,,,,you know, the old two wrongs don’t make a right thing.
Gene Wilder rules…
Agreud.
No one else on the planet could foil vs. Richard Pryor.
And good day, sir!!
I’m in cash until the next oversold signal….
Gotta love The Fly ….. an Equal Opportunity Besmircher !
dude, ur,(ahem) senior tropical, i wouldnt worry so much about what other jackels say,as a matter of fact,on thursday,asshole cramer made mention of you and scott, also in his subtle and fucked up way.which tells me just how jealous some of “your” contemporaries are. after all the bull shit is said and done, we,who see the true fuckery of this market in the end will be the winners. i flattened my port with the exception of 2 holdings. 2 winners in my eyes,with complete conviction………………aapl……………VXX……i see whats happening to this place we call the U.S.. and for the first time in my life i have to say, haven help this fucked up country. i really hate saying that. most people,outside the realm of trading/investing dont have a clue about, what is coming.you talk about the 100 dollar tomato,and people laugh.we will watch them cry…….fuckin A
lol
How did Cramer mention us?
cramer always does a monologue,he had subtley mentioned bear with his algo machine, and his buddy with his radio show. and most of the time,when he tries to out someone, he’ll say it so fast that some people dont really listen or quickly pick up on what he conveys. i heard that,and my jaw dropped,and i knew exactly who he was referring to. it was you 2. why would he dis an old guy like tom kenne, who has a radio show also. what he was talking about primarily were” the bear and his algo box along with his buddy on the radio”…who else could it have been.and went on to tell every asshole to buy buy buy .when he says that buy buy shit,he is just setting all the sheeples up for a fall
Just listened to the first segment and I didn’t hear it. was it later?
hey scott i can only stomach about 10 minutes of the guy a week. if it wasnt thursday, check wednesday. it was the first 30 minutes or so after that i turn on real news…..
I only listened to the first 10 minutes and didn’t hear it but thanks for the heads-up…
you got to understand,just about everyone that hung at his place for the last 3 yrs have pretty much ended up here.i see it as professional jealousy.because i can spot professional jealousy from ten miles out.i grew up in the music business and the service industry,where it so prevalent,its funny.
Drummerboy,
LMAO, you were right.
You amaze me.
I wish I had your balls.
Well, not YOUR balls.
But you know what I mean.
Stop by OPI more often.
😉
Lead to capital fleeing the country? Or is it evidence that capital IS fleeing the country? More sellers than buyers is generally what makes prices fall.
We are now too close to the election to pay any attention to the news. Everything is political slant and spin. And those people are good at it. Watch the foreign news on the BBC. It’s the basic straight facts without the interwoven opinion. They do have progressive opinion, but it’s not so intermingled
Yes, the longer the duration of dollar weakness, the longer investment capital go elsewhere.
I think the ongoing plan of the USA is to reduce the purchasing power of the dollar, by design. But about the $100 tomato, if massive price inflation did occur, would this also be by design, or would it be because it (the dollar supply inflation) got away from them?
In other words, would serious price inflation be an accident or is it considered “necessary” by the Fed, as part of a plan?
but where does the “plan” lead to?
My view-
All I can think of is “the plan” is keeping things OK for those in power, and during their retirement and lifespan. I wonder if hyperinflation is seriously thought of as a way to keep kicking the can down the road?
The rest of us are on our own. I hope American children grow up and produce something that is unique to the USA, desired by the world, and supercharges our GDP.
i dont know mx, but in this weeks tribune they are telling the voters that,illinois has a 138 billion dollar deficit just in pensions alone….. this does not bode well in the grand scheme of things here. just a matter of time when the spark ignites into rioting…and funny enough, the bearded clam knows all of this. and thats just one crooked state. out of all the states in this country, you can know which the honest reside, and those are the states that have been fiscally responsible. you can count them on one hand, and still have digits left over…… an keeping things “OK” just wont cut it anymore. not in my book.
Didn’t you hear what Bernanke said? He said we have absolutely no inflation. He will keep up that bullshit for as long as he can. Even after we get $4 gas. The truth of the matter is that the end game of all of this is hyperinflation. We still have 2 years before it gets really bad, but it’s starting now.
I have been trying to beat the market for 3-4 years. last year I was up 20 percent, this year I am down roughly 20. It has been like this for several years. How do you know when to just quit, or keep trying. Maybe I am that idiot you speak of.
If this is not a joke, then my advice would be:
1) quit trying to “beat the market”. It’s not an adversary to beat. It just is.
2) Ask yourself what you are trying to accomplish? Make money, be a great trader, etc. If it’s not make money then give up.
3) Learn your craft. There is always something to learn, and improve. Focus on one thing. One stock, one index, one sector, whatever, learn it. Learn everything about it. Learn to trade it.
4) Read everything you can. Old stuff, new stuff. Everything.
5) Try to see how the pieces fit together. Most times they don’t. That’s what you will get paid for. Try to imagine how things will work out. take notes, or not. If you end up even being partly right even a small percentage of the time, you will make a fortune. Think avoiding housing bubble, dot com bust, march 2009 long.
6) Read EVERYTHING here. If you think you are ready, get a PPT sub. Try to understand Fly and the tabbed blogger’s viewpoint. Try to understand the comment writer’s position. What is their position in the market? How will it work out in a day? a week?, a month?
7) Remember everyone here may have a position that is contrary to yours. You both can’t be right in the same time frame. Some one will win and someone will lose.
8) This is the best most challenging game in the world. If you aren’t up to playing against the best in the world, you will lose. On the other hand, you have a unique perspective that only you can bring to the game. If you are willing to work, the rewards can be immense.
Thanks my friends for your advise. I was having a mini meltdown yesterday. Thanks for taking the time to give me some insight on what I can do to better my investing.
I learned another way to look at it from Jake. And that is to buy stocks that are in a secular bull market and forget about timing. In other words, what you may want to do is take a portion of your portfolio and just buy and hold these until this sector is no longer running. This doesn’t mean you can’t lighten up occasionally and add now and then.
Also, I’m learning to use TA, by reading books and watching how pros like Chess puts these ideas into action.
Finally, while you’re learning your craft, you can always buy a sub from Wood (really inexpensive for its value), who’s system, at least in my opinion, is one of the most sophisticated statistically engineered trading systems around.
By dividing your port in this way, as I have done, you have lessened the failure should one general concept fail. And since all are good approaches to trading, you have increased your probability of success.
This is what I am doing now and it may change, but because all of these approaches have a high probability of success, and because you’re dividing your port into successful systems, you’ll have a high probability of success.
I hope this is helpful.
when learning a craft,of which this is,you just dont pound out win after win,thats a nonsensical way to view it.what mistakes have you made? did you learn from them? do you will-nilly take advice from those you shouldnt ? are you trying to do too many things all at once. do you have a plan for risk management? do you allocate enough and position yourself accordingly? do you do your homework?. are in too many sectors? this is not an easy way of making money, to say the least. there are so many variables in this craft its not funny. stick with it long enough though and you’lll figure it out. what ever your weakness may be,then jump all over it. one step at a time.slow and steady always gets the job done.and have patience, alot of patience.
I have made an abominable amount of winning trades, but my worst enemy is that damn word drummerboy just said……..patience. In this day and age of a point, click, I want it now society……….It’s easier said than done.
I think you should give up investing
I think you should give up on the advice front
Get a PPT sub!! Learn from the best!
here here
Take out the fillet knife for BAC
Cod is a stepfish to haddock,
I never cared for it.
BAC reports Tuesday I believe.
I’m sure no one wants to be long in front of earnings,
and then what lies ahead after that.
I read that vcutrader is holding,
I respect the man/woman (not sure) immensely.
I’m staying long too.
Fly,
While on the subject of the declining dollar,
is there a way to get a real time chart of the dollar
into the PPT and one of oil and gold as well?
I’d like to do all my real-time watching on one site
if it was possible.
Reason being I am often blocked access
to the sites that feature those rela-time charts
when I am at work.
But your site is not blocked, thank the Stock Market Gods.
Can you get to FinViz or is that blocked as well? what do they use for filtering at your company and I can find a site with real time /DX /CL and /GC charts. Some filtering systems cut out streaming of any type so that is a definite hurdle.
I appreciate the potential help.
I will have to find out what it is,
all I know is the site pops up but the charts are blocked.
I think there might be a tiny tiny minority rooting for your failure but the vast majority are in awe of your abilities. You’re like a 3rd degree black belt in trading amongst a lot of green belts. Just take their money. They are not worthy.
http://www.etftrends.com/2010/10/vix-etns-calm-before-storm/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+etftrends-feed+%28ETF+Trends%29
Have you seen this ETF Trends service offered by Tom Lydon?
How do you think it compares to the ETF search in the PPT, Fly?
I primarily trade ETFs but am a distinguished member of the PPT,
I was granted a waiver based on my age which I really appreciate.
18
My biggest mistakes have come when i am in a stock, full postion, it drops and i keep adding and end up putting to much in one postion, stock goes dead, i sell for a lost. Greedy.
a good rule of thumb is try not lose more than 7%. if you have the stomach, then you can do anything. get yourself a sub of the ibd,then be all over it like your first piece of ass, an never stop until your cock falls off
Only allow yourself to average down once then,
that’s the advice I was given.
And if it’s a momo, limit it to 3 to 5 percent of your portfolio.
That’s part of managing risk.
averaging down does not work in the long run for me……if the setup you are looking at gets threatened by your stop amount odds are it will not be a winner…..find a system… PPT tells you what is overbought or oversold….if its overbought short it on weakness ….accept a small loss….or a reasonable gain….do it over and over methodically….the odds gods seem to favor this approach
Work on your timing?
If you are buying value then you should be happy at buying at lower prices.. if the underlying value has not changed… Look people who can not time it well buy in 1/4 positions… you can use simple EMAs as buying points the 50 the 100 the 200… when it hits it buy a 1/4 if it falls down to the next one buy another 1/4.. buy a book and read… Buffet just rides it out… if he sees value he buys that shit…. kinda like that American pickers show you gotta now what the fuck you are doing.. the seller is not seeing the value you see… any way best of luck…
Yogi and drummer boy,
Thanks for the info…
The hardest thing about me is that i am determine to win. The feeling of failure clockes me when i don’t. The main reason I got in this game, was to manage my own money, to a point I could make money. I came from little or no money background. I made the mistakes early on starting a business and like many, that have come from a poor background, I bought the big house, sports cars, and so on, because I Never had those things. 2004 I sold all my stuff, and bought an small house, and a small car. I want to build up for my families future, it’s not so much for me..I think I just want leave this world knowing I didn’t blow it. Sorry to sound down..just how it is for now.
hey brother it aint no different here.cause i sure didnt grow up with a silver spoon in my mug. i started a business about 9 yrs ago and things are not as rosy as people perceive them to be. i did the same thing took my ira away from the idiots at raymond james, an started to run my own money,i can honestly say,that i have done a better job for myself than they ever could,as a matter of fact,they were constantly losing me money.
“You trade like monkeys in a coconut tree. Idiots, you’re never going to open those damn coconuts, so you might as well go back to the banana trees.”
Blogfather…..great post. Love the Saturday post you know its from the gut. The market is BAC fucking GOOG in the ass while Tim Geithner wears pink leotards drinking Cosmo’s.
GOT GOLD please give me a fucking break.
Let me stack my little bricks …Have a great VXX Halloween.
Tidbit: 205 years to build a 8 tril defict …in 38 months we have taken it to 13 tril….exciting times boys and girls.
17 T by the time you start hearing : “FOUR MORE YEARS..FOUR MORE YEARS…”
“In recent weeks and days, the readers of this site have become emboldened by my set-backs, similar to how a jackal would respond to a deer with three legs. However, if you come in a little bit closer for the kill, you will see that I am not a deer at all. As a matter of fact, I am Rambo, hiding inside of a deer carcass, with an AK-47 and several nuclear tipped hand grenades.”
So Visual!
This has Rambo V written all over it!
Great Storyline!
So, where are they gonna put (invest) their hard currency? All the gringos know the US is goin down the tubes. Ohh, we’re gonna put our savings and investment $ into commie, red China? No, hows about pinko Russia? capitalist Japan, naw! I know, Malaysia, Thailand, Indonesia, Taiwan – big Singapore? India, oh yes! Greece, Italy, Spain, Sweden, England, Germany… Egypt, Libya, Algeria Morocco, Nigeria, Ghana, Kenya, Sudan, Zimbabwe, S. Africa, no, no, no. Brazil, that’s it! Venezuela, Argentina, Chile…. a little bit in each one above to avoid the US $ going down. All us Americans are gonna go international with our money, puuffffff, there goes the good ole USA, just like that! Yeah right!
To Canada! To oil, metals, and food.
We need to PRINT BABY PRINT to get Master Blaster BAM re-elected.
Signed,
ClamFucker
Some who sounds like they know something… the naked capitalist.,, explaining the Sub Prime 2.. ho ho.. it never gets dull… where o where is the Devil Dog and the hamburger?
http://watch.bnn.ca/#clip359769
Can i offer an example of that the fuck has happened in the past 8 years.
I left the US in 02 when the Aussie Dollar was around 50 cents. You could sell say a $500,000 US home and buy an Australian one with a like with like 30% discount.
so it looks like this $US500,000 converted at 50 cents = 1,000,000
You bought an Australian homer for 1,000 000 and that home has gone up by 60 % by now .
So in reversing this entire transaction.. you could sell your Australian home for 1,600,000. Convert the proceeds to US dollars at 1:1 exchange rate and buy the same US home for $300,000 assuming a 40% drop.
You actually have 1,300,000 left over.
this is an extraordinary turnaround that one way or another should not last.
It tells me that i should serious look at the idea of buying a US REIT and shorting an Australian one.
The US is grossly undervalued from here.. or we are really fucking overvalued.
Both.
The best investment that can be made in America today is USA
residential real estate. Put up 25%; get a 3.75%, 15 year loan that
will become insignificant with time, and you own a “hard asset”-
a nearly FREE house(s) that they can’t inflate away.
And if you can SELL bonds to come up with the down payment
and a few years’ mortgage payments, you are really smart.
riggedgame-
I’m not disagreeing with your point, but consider that property taxes could inflate along with the house. I think it is likely state and local government will be increasing taxes to offset fiscal pain at the most parabolic rate they can get away with.
If you are an employee, consider how many employees remaining in the same position have truly seen their dollar salary keep pace with price inflation over the years, especially home market value inflation.
From my piker middle class view, I could easily see price and tax inflation increase much faster than wages. This could squeeze many who thought they would be saved by their homes.
I concur. I’m in the process of liquidating some Michigan real estate I’ve owned since 1996. Great rental income and great investment income to date. My current problem and reason for selling: The property taxes have gone up over 100%. I wouldn’t even consider selling this property but the State has increased property taxes for (investment properties) to such a level where I’m taking it up the ass. I’m taking a beating considering the current real estate environment, but I think I’m the one to get off easy for what is really to come.
J, what about taxes? I heard ozzies are running away from the prison-island because of that. Might explain discount on the real estate.
J what you don’t understand is that the U.S. is a sinking ship. For so long it has been the leader in the world economy. You look at this as an opportunity to buy the US dollar as your currency gets so much stronger. History is on your side. There has never been a time that the US has lagged your currency or has even been on par……until now! But your economy is stable and surging while ours is a toxic wasteland. Your country is a survivor in this mess. Don’t look at us and think this is a good time to put your money in America. Look at your own country’s strengths and why it still kicks some serious ass today! Invest in your own prosperity. Your country has done something SO right while ours has done something so wrong. Why look outside when the answer is inside? We have been a leader for so long, but our weakness is our selfishness. Americans don’t give a shit about each other. Our goal in life is to stomp on any person that gets in our way to “prosperity” We are all chasing that golden carrot. We have no sense of self. We have no sense of community. Capitalism teaches us to fuck over whomever we have to in order to reach our own “selfish” goals. It’s honestly quite a fucking joke. It’s only later in life when we are mature, older, and looking back at our history that (some of us) see what’s going on right in front of our own faces that we realize this. Take pride in your people and your country for you are a survivor of this mess. Australians and New Zealanders still have that amazing spirit that I first encountered in Hawaii. Don’t EVER lose that!
Why is it any different this time? You are such a clown.
The US economy is suffering due to dumba$$es running the show. But, we are not Japan in which we will stick with suckers for long. There will be a revolving door for these politicians until they deliver results. At some point, we will climb back because the premises of which this country is built on will be here forever. Dont forget that.
Go buy some tin foiled hats and moan about our current state.
Seen in Bernanke’s office the other day: Money Pad.
now that is funny
Here’s an interesting observation:
So I am ready to order an Applebee’s bacon cheeseburger, somehow my iPhone accidentally pulled up the menu from NYC. The bacon cheeseburger showed a price of $15.99… I thought WTF?
So, i decided to randomly check various locations around the country and the cost of the bacon cheeseburger, it appears all of the New Yorkers are getting ripped, everywhere else the same burger costs $8.99.
My serious question is… Do Applebees workers in NYC make double the wages versus everywhere else?
Applebee’s is gross
Bullish is eatin’ good in the neighborhood. lol
I agree Applebees is not great but when you eat as many bacon cheeseburgers as I do, Applebees is part of my rotation. I get my variety by eating the same food from various resturants.
Be kind.
His bacon cheeseburger addiction is “glandular”
http://www.youtube.com/watch?v=d0aIqx1McVI
They probably make less. NYC places egregious taxes on businesses and occupancy costs are horrendous. It’s called fixed overhead costs.
Fly, I am back….Got to meet face to face Jim Rogers….we hung out. It really gave me insight into all of this. I told him Hi from you…For the dollar, we have that Lame POMO on Monday, Wed, Friday next week…about 3 plus billion Treasuries will be bought by Fed each day of that…..can’t we just bitch slap them? Hey, China’s meeting for their 5 year plan in secret, which is no secret, right now….China should be slowing down in the next 5 years….Steel, Iron Ore, Billets already have this last week….isn’t it totally cool with my friend Jim…..This is ONE AMAZING Journey so far……
Time for a field report in the Peanut Gallery?
Can’t until I write my weekly report…I haven’t even started it yet.
this is funny…
http://www.ritholtz.com/blog/2010/10/the-permabear-to-english-translation-guide/
Good one.
If you take the 20 to for 40 group in china, it’s the size of all of usa. They all will start wanting a new homes, car, etc. We will be importing the goods so will this help grow our economy grow? Or this guy don’t know what he is speaking of.
Where did you meet mr bow tie?
In Los Angeles…he was there to make a speech for this political organization.
Hung Out for about an hour on Wednesday…and then went to watch speech on Thursday…he flew out right after. All of it was sooo last minute notice..totally crazy.
J
The Us has undergone a monumental destruction of wealth.
Fly, do you plan on adding the VXX halloween costumes to the ibc store?
Ok, I am feeling totally retarded – why is the long end of the curve getting steeper over the past 2 weeks if the Fed is coming in to push it down?
Ok, I figured it out. The bond market doesn’t believe the bearded one and is not forcing the Fed to show it hand. Well, if that is the case, and yields keep going up, isn’t the steepness of the curve good for banks?
“not” forcing should be “now” forcing.
Yogi and Boo Boo –
Great post. Says it all.
RIsk is being priced back into bonds. They are shoving the BEARDED CLAMS QE thesis right up his ass. It’s about damn time.
RE the chart posted at the top. I treuly believe that it indicates people are finally getting the hell out of Dodge. The end is near and it’s not going to wait until Dec 2012.
Prepare for money to be worthless. What do you have have to barter with?
I should get a royalty for finding that Wonka clip. It’s a standard response in our household. (We are Gene Wonka fans, not the Pirate Guy Wonka fans).
___________