Clent
@Clent@lemmy.dbzer0.com
- Comment on How is the Stock Market keeping it's value after *points to everything*? 1 day ago:
We’re not there yet. The problem is as we approach it, they just skim more so we will reach a point where we should barely need to work but won’t know it.
That skim is how the stock market keeps going up in ways that make no sense to the workers. They’ve figured out how to profit regardless of the struggles of the working class.
As it stands today, we could probably survive by working one day per week, likely less. The amount being skimmed is that insane.
- Comment on How is the Stock Market keeping it's value after *points to everything*? 1 day ago:
The stock market is up because nothing has fundamentally changed. Tarrifs are only going to hurt the consumer.
The stock market is based on value extraction and as long as everyone keeps on working and consuming at reasonable level it will continue to hum along just fine.
Some markets and industries will be harmed by this the tarrifs but these are small fractions of the overall economy. There is also a ton of uncertainty since Trump has a tendency to pull back any measure that affects the market averages.
The pain will be felt by workers and consumers but people have to work and we cannot stop consuming so affected workers will ultimately shift to new places and consumption will shift to new products and the skim will continue.
Global markets aren’t going to get shaken up because the global market is incredibly resilient. Prices will quiver for a bit but in the long run they will simply route around us and new normals will emerge.
The only way things change is if the people cause it to change. Either accidentally or on purpose. But the change has to be sudden and swift because there are tons of levers built into the system to force us to participate.
Something like national strike might not be enough unless it can be sustained indefinitely and it’s not clear how that could occur. I suspect will take several events each gaining the momentum of the last and there is little chance of a first event for occurring.
The stock market is indicating it doesn’t think we have the fortitude and despite what we may want to be true, they know a lot about us and our patterns. Our predictability is to their profit, literally.
- Comment on So, is the USA screwed? 2 days ago:
The civil war itself destroyed the south’s market for cotton. The number of slaves that fled was ever increasing and the war made it even easier.
If the north and south were separated they would have continued to come north but would then be asylum seekers.
The north of the south would have been the main producers of economic growth as mineral exports from that region exploded after the civil war. Based on this alone it’s not certain the confederacy would have actually collapsed.
It would take someone with deep historical knowledge of that era to make any realistic predictions of what would have happened.
For instance, the likelihood of the confederate states not further splittering isnt known. And then there are issues such as if the west coast or other regions would do attempt the same break from the union.
There are all sorts of trade imbalances that would be in play. But it’s hardly an idle thought experiment. There are simply too many pieces.
- Comment on Anon remembers summer 3 days ago:
Yep. Memory is really silly. It’s why journaling is important. But journaling itself can be deceiving if one isn’t recording truths or is leaving out critical components.
I often wonder what the world would become if we had technology that auto journaled and was immutable. Would we be still so easily be led astray or would we contort ourselves in some other way to cling to our biases and cognitive distortions.
- Comment on Basic courtesy 4 days ago:
People getting upset about handicap spots are morons. I’m sure there is some overlap between them and those who don’t return carts.
- Comment on Basic courtesy 4 days ago:
Damn. That’s some commitment.
- Comment on Basic courtesy 4 days ago:
They didn’t ask for an example of American broken thinking but you provided it anyway because it’s another thing Americans excel at.
- Comment on Basic courtesy 4 days ago:
Tell me you don’t live somewhere where it gets well below freezing without telling me you don’t live somewhere where it gets well below freezing.
- Comment on Basic courtesy 4 days ago:
Have had mutinies small children. Always put the cart away. Doors lock and children aren’t that fragile.
- Comment on Basic courtesy 4 days ago:
Anyone parking in a handicap spot is the one type of person no one should judge when they don’t put their cart away.
- Comment on Doordash deserves it's fate 1 week ago:
This is the way. This gig worker industry is in need of disruption. It’s ultimately a matchmaking service. There is no other broker than can charge 100% markup.
Professional job placement company, realtors, etc do more for a much smaller percentage.
- Comment on No good excuse to still be on Xitter 2 weeks ago:
You must not be a Linux user. Linux users have no sense of humor.
- Comment on I got the money saved in my mansions safe. 2 weeks ago:
We’re just talking about emergency funds, not an entire portfolio.
We’re in a shitposting sub and I started the comment thread and I disagree that anyone needs several dozen thousand in an emergency fund that is available within minutes.
- Comment on I got the money saved in my mansions safe. 3 weeks ago:
No one has increased their wealth because of savings account percentages. If that’s where the majority of your funds are located, you’re wasting the money’s potential.
I wouldn’t bother giving this advice if it was the same boring play it safe guidance. People who are risk adverse have options that need to be talked about and it’s not going to be found in your local banks pamphlets.
People are really bad at measuring risk. Choosing to avoiding direct investments is one such case.
Consider putting $20 in stocks per month instead of $20 on lottery tickets per month and see the difference. I assure you the former has better results than the latter.
- Comment on I got the money saved in my mansions safe. 3 weeks ago:
Those graphs make it look scary but clearly the stock market had trended upwards. If you’re using your emergent fund within a year or two of putting the money in, I would argue it’s not an emergency.
Bail is a weird thing to be planning for and I don’t think you have the timeline right on how quickly bail is set.
But my main point was to simply put money aside at even the smallest amount rather than make excuses.
Putting it in an investment account rather than a savings account sitting right next to your checking account is too easily to access. The withdrawal delay can be a feature.
The balance of the emergency fundis not something one should be seeing or thinking about as often as one sees and thinks about their bill payment account.
Even if one is only comfortable using a saving account, I would still suggest using a separate financial entity.
- Comment on Pills here! 3 weeks ago:
I beginning to suspect it’s the pills that have convinced us this is last-stage capitalism instead of simply next-stage capitalism.
- Comment on I got the money saved in my mansions safe. 3 weeks ago:
This always felt like banker advice to me. That’s an insane percentage of cash to have sitting in an account that’s earning less interest than the rate of inflation.
I would suggest everyone have a stock investment account and not worry about the percentage. Setting aside $1 per month is infinitely better than $0.
- Comment on I will take no arguments 3 weeks ago:
Translucent products had been around for a decade prior to those iMacs. If anything, they marked the beginning of the end for the trend.
- Comment on Don't give up. 3 weeks ago:
This isn’t saying not to work. It’s don’t work harder than you have, don’t go above and beyond. Don’t be your employer’s simp, they’ll fuck you when it’s convenient for them.
- Comment on Adolf Titler 4 weeks ago:
The Hitler you get when you order off wish.
- Comment on Adolf Titler 4 weeks ago:
I imagine the gilded age was full of losers running the show as well. They just didn’t have the forums we do today for it to be documented.
- Comment on [deleted] 5 weeks ago:
I see it as, they’re willing to consent for others.
Dressing provactively? They consent to you being raped.
Your body, my choice. I shall consent for you m’lady.
I suppose another way of looking at is they see women as property. Probably why the trans thing gets them all upset, their worldview means a trans female becomes their property and in their twisted minds, that’s them being forced to take possession of something. Their imagined agency is being attacked.
- Comment on [deleted] 5 weeks ago:
Not quite. Republicans require the child’s parents consent prior to the rape occurring.
- Comment on [deleted] 5 weeks ago:
This is very true. I’ve been told by many leftists that liberals are enemy. The right is the enemy of liberals.
Leftist have clearly decided that the enemy of my enemy is my friend by embracing right wing political candidates and echoing their propaganda.
- Comment on Platforms Systematically Removed a User Because He Made "Most Wanted CEO" Playing Cards 5 weeks ago:
- Comment on Why does it seem like Americans have become so hateful and destructive in the past years? 5 weeks ago:
This might explain why rural voters support Trump but what about all the city dwellers who do? They aren’t mentioned at all.
And comparing Trump to House or Iron Man shows how truly ignorant they are that they pick the stupidest rich man.
Iron man and House are genius who break rules because they are forging new ones. While Trump is a conman, this says a lot about what they aspire to be and deplorable is a fitting term for it.
- Comment on Why does it seem like Americans have become so hateful and destructive in the past years? 5 weeks ago:
A large portion of men are not doing mentally well at all. Increasing suicide rates and decreasing employment participation are just some of the indicators here.
Because they feel weak, there is a tendency to gravitate towards strongmen and dreams of dominance which lead to aggressive antisocial behaviors.
There does not appear to be anyone attempting to solve any of these problems main because those who could fix the problems are the ones who are able to utilize these fears for personal gain. Monetarily and or for political power. A subset of these people are amplifying these problems for the same purpose, personal gain.
- Comment on Anon gets a job 1 month ago:
What a life one must lead for this to be so upsetting it’s worthy all this pearl clutching. This is borderline edgelording.
- Comment on Anon gets a job 1 month ago:
This screen cap is two years old. Who knows how many site filters it has had to filter through.
- Comment on Which one are you? 1 month ago:
Too complicated. Put it on the never buy again list.