I do not understand basic economics or investing.
That being said, how do I prepare for a recession or depression that will probably come down the pipe in the next year or two? What do I invest in? Where do I put my money? I probably can't be dinar-pilled but I'm open to other suggestions.
Uber is a money laundering scheme for the House of Saud, and "Tesla Would Take Nearly 1,600 Years To Make The Amount Of Money The Stock Market Values It At". Shit's fucking nuts. The stock market has always been like ork machines in 40k where it only works because people believe it works, but feels like it's gotten increasingly unhinged since 2008. As Braudel explains, finance is always a sign of autumn in the cycle of hegemonic powers, and it's certainly quite chilly in the United States these days.
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Yeah I really don't know when it's all going to explode, but it's almost unimaginable to me that it never will. You can only run on hot air for so long.
I'm still convinced that the natsec state is propping up a lot of these vaporware tech companies. Massive government contracts pumping cash directly from the reserve into their accounts are the only thing they have that isn't based on speculation.
I mean a lot of these are also, as I alluded to, money laundering for the House of Saud and other nefarious entities wanting to diversify away from petrochemicals. Follow the money—SoftBank's Vision Fund, which has been instrumental in injecting billions of dollars into these tech companies, everything from Uber to Wework to dozens of others, is funded primarily with oil money from Saudi Arabia, Abu Dhabi, and elsewhere.
It's insane how little value these companies actually produce.
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Basically, the Saudis have invested billions in Uber (money they made from oil), and then sold the shares they got for that money almost immediately making them "tech investors" and "diversifying the economy of Saudi Arabia." You can read more here.