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arthur_affect's profile
Arthur Chu
Arthur Chu
Arthur Chu
Verified account
@arthur_affect

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Arthur ChuVerified account

@arthur_affect

Mad genius, comedian, actor, and freelance voiceover artist broadcasting from the distant shores of Lake Erie (he/him)

Broadview Heights, Ohio
arthur-chu.com
Joined August 2009

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    1. Czino.prototype //  🟧 ⬛️  👫 🌱 🛠 🏚‏ @capoczino Mar 23
      Replying to @arthur_affect @Zendervai and

      It's absolutely not. I doubt you have been poor, because you'd otherwise know that you'd want to save for a better future. Good economic behaviour gets punished by the current monetary system. 1/x

      2 replies 0 retweets 0 likes
    2. Czino.prototype //  🟧 ⬛️  👫 🌱 🛠 🏚‏ @capoczino Mar 23
      Replying to @capoczino @arthur_affect and

      That applies equally to the rich, who are seeing themselves forced to park their wealth in stocks, bonds and real estate. Inflating asset prices which makes it harder for those who actually need it to access. Fix the money and asset prices literally go down for everyone.

      1 reply 0 retweets 0 likes
    3. Zendervai‏ @Zendervai Mar 23
      Replying to @capoczino @arthur_affect and

      Your argument would hold marginally more water if you didn't advocate for bitcoin. Investing in bitcoin is a bad bet because it has a history of random spikes and collapses in price and if the system goes down, you lose everything. Buying gold is dumb too, but there, (con't)

      2 replies 0 retweets 1 like
    4. Zendervai‏ @Zendervai Mar 23
      Replying to @Zendervai @capoczino and

      you at least have the *actual gold*.

      1 reply 0 retweets 1 like
    5. Felgraf‏ @Felgraf_Physics Mar 24
      Replying to @Zendervai @capoczino and

      Well, except, in general, you don't, if you're investing. You have a certificate that SAYS you have X gold. Which if everything collapses is probably about as worthwhile as a bitcoin.

      1 reply 0 retweets 0 likes
    6. Felgraf‏ @Felgraf_Physics Mar 24
      Replying to @Felgraf_Physics @Zendervai and

      (That is: Not much)

      1 reply 0 retweets 0 likes
    7. Arthur Chu‏Verified account @arthur_affect Mar 24
      Replying to @Felgraf_Physics @Zendervai and

      Well yeah this is why goldbug wackjobs insist "paper gold" is worthless and you have to physically take possession of the coins and bars

      2 replies 0 retweets 1 like
    8. Arthur Chu‏Verified account @arthur_affect Mar 24
      Replying to @arthur_affect @Felgraf_Physics and

      Which entails a lot of costs - it probably means you have to own a house, and a safe, and a security system, and an insurance policy The carrying costs of the investment end up being pretty high

      2 replies 0 retweets 2 likes
    9. Arthur Chu‏Verified account @arthur_affect Mar 24
      Replying to @arthur_affect @Felgraf_Physics and

      Although I guess a compromise position would be a safe deposit box at a local bank branch

      1 reply 0 retweets 2 likes
    10. Arthur Chu‏Verified account @arthur_affect Mar 24
      Replying to @arthur_affect @Felgraf_Physics and

      Back in the day people analyzed Ron Paul's tax return he submitted when he ran for President and saw he had a bizarrely high amount of stock in gold mining companies and gold-related companies but didn't actually own any gold itself

      1 reply 0 retweets 1 like
      Arthur Chu‏Verified account @arthur_affect Mar 24
      Replying to @arthur_affect @Felgraf_Physics and

      Which a lot of people pegged as an obvious sign that the greater part of his wealth was in actual literal gold bars buried on his property somewhere that he wasn't reporting to the IRS at all (which, of course, is illegal but hard to prove)

      1:32 AM - 24 Mar 2021
      1 reply 0 retweets 0 likes
        1. New conversation
        2. Felgraf‏ @Felgraf_Physics Mar 24
          Replying to @arthur_affect @Zendervai and

          .. Oh, huh. my gut reaction to that was 'he realizes the people he's egging to buy gold are suckers and is putting the money into making money off of THEM', but I also extremely dislike both father and son Paul. But hiding money from the IRS like that would ALSO be very on-brand

          1 reply 0 retweets 0 likes
        3. Arthur Chu‏Verified account @arthur_affect Mar 24
          Replying to @Felgraf_Physics @Zendervai and

          No, that doesn't really make sense, your investments are strongly correlated with the price of gold either way

          2 replies 0 retweets 0 likes
        4. Show replies

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