My god, even the best chance for socialism is hopeless because of the dollar. “it’s not doomer because the party could do something different” idgaf day after day it’s more dollars and less long term hope. Nothing China does can matter because all the green energy, all the bnr, all the poverty elimination, all of it is paid for with imperial currency and little to no interest in changing this arrangement from within. The party will talk about win-win arrangements and mutually-beneficial cooperation until the fucking nukes are flying.
Ironically, i put some of my retirement savings into a gold fund a couple years ago, and it did way better than the various US industry positions I had
Disclaimer: not financial advice.
Yes, that’s because the US hasn’t gone through a recession yet. The question is, do you think the US economy is resilient enough to prevent a recession in the near future, over the next 5-10 years? What do you think is going to happen to the gold price when the US goes into recession?
Just something for you to think about.
Oh I know, I always feel conflicted between keeping money invested to overcome inflation, vs taking it out because there's no way everything's not about to crash, right?
In the end, I just constantly resent the fact that the neoliberals have forced our retirements to be tied up in stock market bullshit.