Don't they have close to $100 billion in real estate assets?

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Be well

GO BEARS!!!

If this after market trading is a good indication, that was a timely purchase of $30 calls.

On MCD, Conventional accounting makes it impossible to see what a company’s real estate is worth. That is because we hold it at historical cost and depreciate it (land excepted) usually over 30 years. So the value declines over time in an accounting sense, while the asset is appreciating.

So with that said, the company has $6.3B of land, $18.2B of buildings on land they own and another $13.3B of buildings on land they lease all at historical cost. That is data from December 31, 2020.

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Hawaii (fuck) You

With Portillo's the old man kept much of the property as well as the location analysis business so the real estate part doesn't seem to be part of the publicly traded company.

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"When people want their version of the truth, they go find it, no matter how baseless their beliefs." -- Ken Rosenthal

Most public companies do not want to tie up capital in real estate. There are more tax efficient structures for real estate with REIT’s and MLP’s being the most common. They receive pass through tax treatment and as such have no corporate level income tax.

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Hawaii (fuck) You

Bitcoin is a buying opportunity here along with MARA. Nice pop today.

I used to be skeptical but I've come around to thinking Bitcoin is the ultimate currency. It's exponential appreciation in dollar terms since its inception says as much. The quantity that can be mined is fixed and it cannot be counterfeited, unlike the dollar which the Fed counterfeits all the time by printing more money. Every other quasi currency, like gold and silver, are being suppressed by the Fed either directly or through their cartel of banks selling futures. The Fed cannot control Bitcoin, short of outlawing it, which I don't think they'll do. The other cryptos are pale by comparison to the gold standard of BTC.

People make this argument that it has no intrinsic worth. I disagree. Paper money only has worth because people agree to assign value to it. With inflation, like what happened in the Weimar Republic at the end of WWI, the reichsmark became worthless. Bitcoin is worth far more because of its limited supply against tens of billions of potential buyers, its digital form, its security and the fact it cannot be replicated.

IIRC McDonald's viewed their substantial real estate holdings as a two pronged strategy:

1. They would be the landlord for all of their franchisees, and thereby receive not just the franchise royalties, but also rental income in perpetuity;
2. As the landlord of the franchisee, if that franchisee didn't toe the line, they wouldn't have to revoke that franchise as much as they would not renew the lease.

McDonald's has sold a lot of Hamburgers over the years, but I think a huge part of their success was as a result of owning essentially all of the real estate upon which their franchisee's sit.

Blockchain money is the future, but its highly unlikely bitcoin will stay king. The Fed is going to make a US coin, which will probably dwarf bitcoin. Others like monero have a shot too, because theyre more private, but those kind will likely get regulation or ban from the feds

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the world will always the world. your entire existence is defined by your response.

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General Jim wears Fort Bragg down... to get it!

That’s awesome

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Judge doesn't understand crypto world. Canada government will have to literally hack or steal info.

I guess its time to readjust the old retirement timeline.

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O judgment! Thou art fled to brutish beasts,
And men have lost their reason.

The ol' 401K spigot will just keep flowing. It's made from brawn and iron.

Somebody explain this shit again because I feel like it's getting harder to understand.

A guy bought Jack Dorsey's first tweet for 2.9M and now that person wants to sell it for lots more like 48M or something. Nonfungible tokens NFTs are digital assets like jpegs pictures and videos. They run on blockchain, a decentralized digital ledger that keeps track of the transactions, so ownership and realness of each can be tracked.

Explain to me what this is though? Why does it have value or what is the real value? He bought it for 3M and is selling it for close to 50M (maybe). They are still using money and then switching back and forth between 2 things that increasingly have no actual value. If blockchain or crypto was worth anything wouldn't it be better to keep it? And why is this shit equivalent to 3M or 50M at any point? All this feels like is let's get rid of money and use what the elites conjure up in their heads as important that they can say they have a lot of. Is this post going to be worth 3M? I doubt it and how stupid is that thought?

If we/they collapse the world's financial systems what happens next? I don't see people clamoring for NFTs. A more likely scenario seems to be I have x and you have y let's make some sort of exchange. Unless the plan is for all the elites to have all the x and y and give us peons x and y when we deserve it.

It is just a modern day baseball card or painting.

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Hawaii (fuck) You

I understand why some paintings have value and I don't understand why others do.

This isn't a smart move by anyone. Unless everybody is in on the plan and obviously we are not, things can go really bad really quick. God help us all.

There’s a lot of things to be concerned about.

-Fiat currencies.
-Increases in money supply.
-Perpetual budget deficits.
-Crypto because of the above but looks like a Ponzi scheme to me.

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Hawaii (fuck) You

The Ponzi scheme is the U.S. Dollar. Your grandchildren will be paying in the future for so the propping up of it that is happening now can occur to prevent the economy from completely crashing.

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General Jim wears Fort Bragg down... to get it!

Balance the budget, reduce the Fed balance sheet, and normalize interest rates, and it solves everything. We have record Federal tax collections. Now is the time for it.

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Hawaii (fuck) You

Interest rates need to be around 10%, but that's untenable too. The Fed has just continually devalued the greenback. That can NEVER happen to Bitcoin. If you want TRUE free trade and a REAL global economy, Bitcoin should be the reserve currency.

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General Jim wears Fort Bragg down... to get it!

Agreed...things have been allowed to get so far out of hand, the government cannot allow interest rates like that (or else half the country would be unemployed/bankrupt and the interest on debt would dwarf all other expenditures). The stock market also cannot be allowed to fall either, or pension funds get crushed and tax rates would have to skyrocket. Savers have been completely fucked by the Fed.

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housing markets too. 50% increase in 4 years is not going to hold. we are going to have another housing collapse. its imminent.

i agree, blockchain coins will become the worlds reserve currency. especially as more countries adopt it as their main currency.

the us dollar is a joke. we have all known it for decades, but bitcoin and others are finally giving an out to everyone in the world who has been desperately looking for one. you can't fudge it, the whole point of blockchain coins is they are what they are, and if you try to manipulate them there is a permanent record of doing so. it's not a shell game of bureaucrats making imaginary decisions on its value. and its still in its infancy. the feds are trying to make a US digital coin, but fundamentally you know they don't want to give up the control they have over the US dollar, which is direct conflict with how digital coins work. its very possible within a couple decades the elite will not be able to bullshit their wealth anymore, and that will benefit the bottom 95%.

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the world will always the world. your entire existence is defined by your response.

Fiat is a note that might as well say IOU on it. Crypto, theoretically, ends that. Of course eventually that won't be allowed.

It will be allowed but it will be co-opted by governments which defeats the entire purpose of the killer app.

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General Jim wears Fort Bragg down... to get it!

They will co-opt USDT/USDC and the like and nuke everything else. Stable coins are just doing the apprenticeship and the dirty work for them.

The Bitcoin Brigade is adamant that they, and they alone, cannot be stopped.

while its not really possible to stop them completely... like VPN service... the government can outlaw it, which will effectively tank it's value.

and, unlike VPN service, businesses dont rely on ecoins to operate, so... yea... the only thing thats good right now is there ARE a few very large business that rely on e-coins as their business model so hopefully they can lobby against elimination.

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the world will always the world. your entire existence is defined by your response.

Bitcoin can't be stopped. It can only be contained with draconian governmental policy.

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General Jim wears Fort Bragg down... to get it!

Sounds like Bitcoin will put up big numbers, but then you need it the most it'll crash.

He's been proven wrong in the last 6 months. Bitcoin was at 60. People still kinda ran to a worthless yellow colored metal.

It's also a physical asset. It's not virtual like people say. It resides on millions of computers around the world. And the only way you could kill it is disable the internet. You could maybe block it's activity through filtering, and that would likely drop it's value massively, but people would find a way around the filters. It's basically an encrypted virus that millions are actively sharing.

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the world will always the world. your entire existence is defined by your response.

Is this good for Bitcoin? If Bitcoin is a hedge against inflation, why is it tanking while inflation is soaring? Hmmmm.

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