PMTPMT DB

Takes

Loss
#PMT-2024-0807-11787
Big CatBig Cat

You shouldn't stop printing money; you should print even more to solve inflation

You gotta go through the wall. So like when you're like, oh we printed so much money that it doesn't like it's not worth anything. That's when you print even more money. Right. You can't quit printing money. You gotta be committed to printing the money.

This is economically catastrophic advice and is factually incorrect as a solution for inflation.
Loss
#PMT-2024-0320-1251
HankHank

Boeing whistleblower John Barnett did not commit suicide

There was a whistleblower... John Barnett... His body was found the morning of three nine dead. He was allegedly from suicide even though he told his family, if I die, it's not suicide. He was suicided.

The official coroner's report ruled the death a suicide, but the take reflects the popular 'he was suicided' conspiracy meme.
Loss
#PMT-2022-0119-12608
Billy FootballBilly Football

5G radars will ground all US air travel

Turns out a bunch of the airline CEOs said that the new 5G radars that are getting put on for telecommunications, once they get turned on, it's going to affect a bunch of their planes landing. And that they're going to have to ground all US air travel tomorrow.

While there were some flight delays and cancellations, US air travel was not grounded 'all' at once, and 5G rollouts were managed with buffer zones around airports.
Loss
#PMT-2021-1208-7203
Billy FootballBilly Football

NFTs are becoming more valuable than diamonds

Turns out there's a bunch of new diamonds that are fake, but no one can tell the difference... De Beers is totally panicking because now diamonds have no value. So Hot Seat: Diamond... NFTs are kind of more valuable than diamonds, I think about it.

The NFT market crashed significantly after early 2022, while diamonds maintained value.
Loss
#PMT-2019-0925-19056
Big CatBig Cat

Elon Musk is actually a front for Jeff Bezos

Elon Musk is actually Jeff Bezos. It's his front. So Elon Musk is like we're going to go to Mars... so everyone talks about him and then Jeff Bezos is in the background doing the real shit doing the drones doing all that.

This is a satirical conspiracy theory and not factually true.
Loss
#PMT-2019-0206-5452
PFT CommenterPFT Commenter

The Bitcoin exchange CEO who reportedly died with the passwords is not actually dead

There's no way he's dead, right? There hasn't been a good fake death in a while... He is living it high with, he's probably fucking whales with John McAfee in wherever the hell they are.

The death of Gerald Cotten was officially confirmed by doctors in India, though skepticism remains in the crypto community.
Loss
#PMT-2018-0730-19793
PFT CommenterPFT Commenter

Facebook is officially done as a relevant company

I'm calling my shot. I'm going to put the PFT death stake is going into Facebook right now. Wow. They're done. Have you been on Facebook recently? No. It's trash... it's all ants, trolls, and ants.

While Facebook's reputation suffered, it remains one of the world's most valuable companies (Meta) with billions of users.
Loss
#PMT-2018-0221-8007
PFT CommenterPFT Commenter

I want to take out high interest loans to invest in Steven Seagal's Bitcoin 2Gen

I don't want to overreact, but I want to take out some high interest loans just so I can invest them in Steven Seagal's Bitcoin [2Gen]. That's how confident I am in this.

Bitcoin 2Gen was widely considered a scam or failed project, and Seagal was later charged by the SEC for failing to disclose payments for promoting it.
Loss
#PMT-2017-1129-17845
Big CatBig Cat

Bitcoin is the future and will replace physical money

You think that the dollar bill's in your pocket right now? You think they're going to last forever? You think money's going to last forever? Okay, so Bitcoin's the future, baby. There's not going to be money in the future. There's going to be Bitcoin.

While Bitcoin remains a major asset class, it has not replaced physical currency as the primary medium of exchange years later.