Comment on What is happening with Tesla (TSLA) stock currently? đ
Initiateofthevoid@lemmy.dbzer0.com â¨5⊠â¨days⊠ago
Q1 2025 is almost over and there has been no realistic counterbalance against the crimes and coups. Investors are growing comfortable with the new world order. Like many Americans, the wealthy believe that if the riots havenât started yet, they never will.
Like many Americans, the wealthy have forgotten how bad the 1930s were. Many think they will âcash inâ on a downturn but the truth is the wealthy are just short-sighted idiots. The only difference this time is public access to information and communication. Iâm not a time traveller believing that the internet will bring us together, but I do think it was a lot harder to plan a fun outing with your friends before wireless telecommunications.
Corporate profits dropped from $10 billion in 1929 to $1 billion in 1932. You might think âoh they still made profitâ but a 90% decrease is devastating to a group like that. And they still had to live in a world where society had broken down and dust storms hit the United States capital building.
It took decades for them to rebuild their monopolies, bring down the tax rates, and tear up the market regulations again. Without WW2 and reagonomics the wealthy may never have recovered their power over the world economy. I guess what Iâm saying is buckle up for the 30s and 40s everybody. If you happen to get a choice between dishonor and war again, choose the fucking war.