also…a complete (intentional) destruction of any sort of community via unaffordable housing (housing was more affordable during the great depression, than right now…), fostered social seperation/bubbles via algorithms, and backstabbing speculation drive that has infested every level of our economy and government to breed distrust, and of course nonexistent healthcare/job security for large sections of the population which increases stress (a known trigfer for underlying mental conditions)…
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IronBird@lemmy.worldto Technology@lemmy.world•Senate report says AI will take 97M US jobs in the next 10 years, but those numbers come from ChatGPTEnglish1·8 hours agothere is no constitution and never was, they said all men created equal while watching slaves pick their food
IronBird@lemmy.worldto Technology@lemmy.world•Senate report says AI will take 97M US jobs in the next 10 years, but those numbers come from ChatGPTEnglish2·8 hours agowe dont even have universal healthcare or functional public transit, UBI is a pipedream…
IronBird@lemmy.worldto Fuck Cars@lemmy.world•This is a huge win for public transit passengers in New York CityEnglish2·9 hours agoanyone who drives in NYC deserves to be inconvenienced
IronBird@lemmy.worldto Technology@lemmy.world•Google Confirms Non-ADB APK Installs Will Require Developer RegistrationEnglish1·9 hours agoi’m just gonna switch to steam deck + gsm router
i like the idea of wired headphones, but in practice they’re kind of annoying
IronBird@lemmy.worldto World News@lemmy.world•Almost 500 anti-genocide activists arrested as Starmer government moves to ban protests outrightEnglish5·2 days agobecause…what other choice is there, let them win?
IronBird@lemmy.worldto Technology@lemmy.world•Crunchyroll Faces Cancelation: Why Anime Fans Are Choosing Piracy After Latest UpdateEnglish11·5 days agoyeah, that just doesn’t exist anymore
IronBird@lemmy.worldto Technology@lemmy.world•Crunchyroll Faces Cancelation: Why Anime Fans Are Choosing Piracy After Latest UpdateEnglish6·5 days agowhat are the good sources nowadays…been out of the game for awhile and it’s to trust any sites promoted on any mainstreamish social networks.
like freemediaheckyeah, old reddit hub…is that still good?
ime every pirate source had 50/50 shot of turning into some virus/scam honeypot shortly after reaching high enough popularity
IronBird@lemmy.worldto Asklemmy@lemmy.ml•People whose parents have become fascist, how are you dealing with it?13·5 days agogoddamn this murdoch rot has gotten deep…how the fuck do you even begin to deprogram half (1/3rd, atleast) of an entire country?
IronBird@lemmy.worldto World News@lemmy.world•Greta Thunberg arrested by Israeli forces after military boards aid flotilla headed for Gaza – Middle East crisis liveEnglish6·7 days agobruh, just how much kiddie porn blackmail does israel have on the west…goddamn.
I dont know there, US cemented itself as center of world trade/finance specifically so it could have as kuch reach as possible.
got to talk to an actual financial advisor for that kind question, a proper one who is legally obligated to work in your best interesr.
but, my first guess would be to look at what orher countries/big foreign interests are doing. ones selling off all their US bonds and whatnot, clearly trying to get out from under USA’s schizophrenic thumb. but i’m still very new to this whole thing
lol, depending on when you moved it to gold then your probably up a bunch now.
really, at the end of the day you jusy gotta do what you believe is the best move. that’s the only way you’ll be comfortable enough to not panic sell
personally, if i had a half a million mestegg right now and wanted to keep it safe…gold probably is one of the safer places to stash it. just make sure you have enough cash lying around to be able to pay whatever bills/debts you have during an extended economic downturn. as when that does come…gold will also plummet eventually, but it normally recovers faster because so many people/governments around the world buy so much of it.
the main thing is to not trade/move your money emotionally, dont panic sell or buy cause of a fear of missing out. these greedy assholes want you to do that, thats the whole reason they fuck with shit like this. it’s a sick game to these people. you got to have rules, a plan for scenarios like this one (don’t have everything in US companies, for example), and most importantly have the discpline stick to them.
unless whatever “gold” you bought into actually delivered you physical gold or pays out a dividend…it’s probably being played the same as everything else, thats the whole point of a bubble.
bonds are a whole other beast, as bonds whole point is to act as a safe secure longterm investment…when the wolves run the show…their whole goal is making everything unsafe. they’re trying to “shake people out”
hence, mass devaluation of USD, ontop of out of control inflation (being hidden in crypto), and undermining any and all sources reliability like say…replacing heads of various “independent” federal agencies meant to report on the economy (and mass firings in those orgs). and of course…that ol’ sovereign debt crisis that pops up every 3-6 months.
if your goal is keeping your nestegg safe, nothing connected to the US economy/USD is safe until the wolves are gone. but overall…you can just follow buffets advice, put your $ in stuff you know and don’t mind holding a long time.
if you already sold your stocks…i’d look over everything you sold and see where it stands now, buying back might still a good deal. hell maybe it dropped since and you get a discount, who knows.
they’re playing a dangerous game…if they (the people behind trump) forget rule 1, they arent the oldest players and that means they definitely don’t have the lowest cost basis. they fuck over or steal from the wrong people too many times and eventually they will get wiped out themselves (though forcing institutions to start offering and by extension buying crytpo, because they have hedge…smart move…)
to keep is simple, as I don’t know just how much you know (and I’m still very new myself tbh)
it’s all purposefully complicated with obscure rules and exceptions, all specifically meant to trip up new “players”, breaking some in the wrong way can land you in prison, while a slight variation might be perfectly fine.
what helped me the most is understanding just how truly rigged the whole thing is, and what helped the most there was a book called Reminiscences of a Stock Operator, everything in it applies frighteningly well to modern day markets even though it was written over 100 years ago.
the biggest most important lesson is…look at everything like a scam designed specifically to extract as much $ from you as possible (which, is especially in low overall-trading volume levels like now, is 100% true. that’s fundamentally what bubbles are, people deliberately running the price of stocks up). it’s a zero-sum game, in order for you to gain someone else has to lose.
whether that’s bonds, stocks, futures, whatever.
but…there are 2 very fundamental rules that always reassert themselves eventually.
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the true value of the underlying security, and if a company doesnt pay out a dividend…that means it’s stock is functionally worthless
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the line MUST go up/down eventually
the more of a disconnect between those 2 things there is, the more someone who knows 1 can take advantage of someone who only thinks in terms 2.
and the best way to do that (for plebs atleast) is…exercising stock-options. the US market, contrary to…literally every other market on earth, has this little rule that allows you to exercise options early.
so for example, say someone sells you a put option on SPY 3 years out, strike…780. right now that’d cost about 12,500/contract to buy. if you bought that and SPY dropped under 655 anytime in the next 3 years…you could exercise it immediately for a profit.
right now spy is 658…a 3 point drop between now and 3 years out…that’s practically guaranteed. free $.
but when someone executes those contracts on you, if you don’t have the underlying, 1 of 2 things happens…you start paying your broker interest to borrow the underlying (at an ever increasing rate) or they forcibly close your position, which if your over-leveraged enough means…you get liquidated.
the issue is though, in a bubble, when everything is overvalued…how to do you safely play the casino without owning the underlying?
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i’m doing my part to accelerate this collapse, by taking whatever liquidity i can out of the system for myself. have extracted my yearly salary in just the last 2 month alone, just by buying calls and puts (practically zero risk, i don’t dare short stuff when everything is so massively overpriced)
soonwe i am 100% financially independent the sooner i can dedicate 100% of my time to undermining this abomination we have created in the states
my plan is to spam the overloving shit out of affordable, high quality, high density housing anywhere and everywhere i can (forcefully urbanizing this country, and undermining all rent-seeking parasites)
IronBird@lemmy.worldto Fediverse@lemmy.world•Beware, another "wonderful" conservative instance to "free us" has appeared English1·17 days agoeven bootlickers want to feel like they’re talking to other real bootlickers, in their online spaces, not just bot/LLM spam
IronBird@lemmy.worldto Fediverse@lemmy.world•Beware, another "wonderful" conservative instance to "free us" has appeared English2·17 days ago(imo)…because the AI/bot deluge is slowly but surely becoming more obvious by the day.
even bootlickers want to feel like they’re talking to real other bootlickers
IronBird@lemmy.worldto World News@lemmy.world•UK, Canada and Australia announce formal recognition of Palestinian state - live updatesEnglish3·18 days agoit’s just meant as a signal to american establishment politicians that they should maybe stop betting on a losing horse
the game is rigged, playing fair only puts you at a disadvantage…the number of people “faking” is rarely statistically significant.
most people play a fair game, it’s why they never get anywhere…