enkifish [any]

  • 3 Posts
  • 177 Comments
Joined 4 years ago
cake
Cake day: July 27th, 2020

help-circle
  • enkifish [any]tofinanceThe upcoming crash and 401k
    ·
    10 days ago

    Maybe put some more of your allocation into bonds or cash like that other guy said, but I'd just leave it alone and not look at it. Don't expect a crash. Conditions have been worsening for decades, and for the most part the stock market has been on a tear. Fully expect it to continue being on a tear as conditions worsen until it can't. If there's a crash the govt will quickly bail-out the market because too many rich people from around the world use US public markets to hold their wealth. The govt will prop it up until the govt dead and in the ground. Once that happens, who knows if anyone is "retiring". Don't invest in gold. Especially not when everyone is scared.


  • There are very few kinds of labor that don't need some kind of material input to function. That material input comes from other labor that is mostly elsewhere. You can't assemble a transmission without steel and someone needs to make the steel, which necessitates the extraction of iron ore. Even an economy of e-mail jobs still needs computers to function. Even if labor doesn't need direct material inputs (like say a vocalists), the laborer still need food, clothing and shelter.


  • If the billionaire and high-multimillionaire class is liquidated, that's a lot of resources and more importantly political power that is back in the hands of the proletariat.

    What resources and where do they come from? Because ultimately, even if the final product or design is extracted from the US proletariat, the inputs (and increasingly the final product and design) are being extracted from elsewhere. With few exceptions (mainly agriculture, oil/gas lol, and some mining/forestry) everything we do, buy, or design at its base is extracted from elsewhere. Agriculture is its own can of worms since the labor is mostly imported and we need to end oil/gas extraction yesterday to have a habitable planet.



  • enkifish [any]tothe_dunk_tankNEVER BEFORE SEEN!
    ·
    3 months ago

    so we'll see what Sheinbaum has to say when the policy moves from theoretical to imminent.

    Since the start of the Biden admin there's been a growing chorus among the Republicans who want to invade Mexico.