Ehhhhh. The Biden admin started the Ukraine war basically. This whole melt down is mostly due to the sanctions. Along with the fed raising interest rates
I'd say fifty fifty blame. The neolib system always created the kindling that would lead to nations such as Russia wanting to break away from western rule and domination by foreign capitol. For Ukraine I'd say blame goes all the way back to euromaidan and then now with Biden dragging this into a longterm proxy war has more or less signaled the hard decline of a neoliberal world order (especially since Venezuela is about to make bank selling oil at a premium to all the capitalist western countries now and will hopefully use this to better negotiate from a position of strength in the future).
The thing is. Russia didn't want to break away.
American and European Russia phobia pushed them into a corner. It's been 30 years of Russia trying to get welcomed into the neo liberal club. And they just couldn't swallow their hate for the russians. Maybe American big oil also wanted Russia out of Europe also.
The euromaiden was a western coupe that in the years following Biden was involved with removing a prosecutor and most likely involved way earlier
I think the big thing was partly maintaining that cold war fronting against the communists (even though Russia was no longer communist) as well as trying to force Russia into similar situations as other former soviet states by being exploited as cheap labor and resources by the west. Also yeah euromaidan involved lots of individuals such as Biden and is another part of US foreign policy leading to a future hellscape.
it'll go right back up in a few years, just hope you don't need to withdrawal any
what does this actually mean for someone whos never dealt with any of that stuff tho, would you explain it by chance im just curious
i wouldnt worry much since firstly money is fake and if everyones 401ks permanently collapsed well we’d have a lot bigger problems on our hands lol adn secondly you didnt lose that money you only “lose” it if you liquidate it….no idea what term to use there since ive never had a 401k or any kind of investment “portfolio” involving anything, besides the short length of time where i had a few k of monero and ethereum and maybe a few others (i actually had a helluva lot of doge back before :melon-musk: shilled it to hell to get even richer by selling all the doge he bought, after he went on that campaign to get the fans that worship him and suck his dick 24/7 to buy a shitload. as a sidenote i dont feel bad for any of these obnoxious twitter musk fans/crypto bros who lost money buying some stupid memecoin because their totally epic leader told them to)
If you're holding equities or any other assets that you can easily liquidate then there's really no functional difference between "losing" $50,000 in stock value or "losing" $50,000 in hard cash, regardless of whether you sell those stocks or not. Theoretically the stock valuation could go back up, but that's just as true as an equivalent amount of cash that you could invest in the market at those lower valuations.
As the other commenter said, don't withdrawal or sell any thing unless you absolutely need to. It'll recover over the next few years, unless society collapses completely.
You’ll probably be ok even if you need to make the withdrawals. How much is the loss in % terms?
From what I've gathered, strippers lose income first. Who are next? Twitch streamers?
In some places there are tax advantages to a mortgage that makes it somewhat rational to not pay it off even if you have the money. The idea is that between the tax break and returns from investing that money, you can come out ahead a bit.
Of course, that does mean you're shit out of luck if your investments implode.
My, "keeping my savings in cash and street drugs in a coffee tin" strategy of investing is really paying off.
In THIS HOUSE we CONSOOME our STREET DRUGS immediately and don't keep them IN A TIN like some kind of LIBRUL
Someone doesn't have good financial sense. What if you want to do drugs tomorrow and the price went up?
What if you want to do drugs tomorrow and the price went down? You'd be wasting your money by buying in advance. :think-about-it:
It’s cool, the stock market isn’t a place. It’s online, and in our hearts
Is this about the CPI release tomorrow? So far SPX futures are flat.
I’m not only because there are some fascist cranks on twitter who think the stock is going down because they’ve been having cuckservative Christians boycott it
If they want to sabotage their own hegemony because they can’t help but backstab, I’m not going to stop the enemy while they’re making a mistake.
the fed and white house will say anything to get a short term pump in the markets, it's absurd
What are you talking about? My medical stocks are going up!
