The United States has ~$38,000,000,000,000 in debt which means a baby born in the US will get $1000 in Trump Bucks to invest in S&P 500 along with a $111,000 share of that debt with its $3,000 a year interest per person. Can someone explain to me how long this will be sustainable?
I'm a little sad that I'm not getting any free borrowed money in order to funnel it into $100M mountain properties. However, I'm trying to be objective. Given this situation what is the investment with the little bit of wealth that I have acquired? Do I need to worry about this not being sustainable and crashing?
This is not your battle alone, so don’t worry like it is.
You’re welcome.
All these fake trump bucks and investment plans are not for the children, they are for the investors that need the money in the market as another way to prop it up. The whole thing with Dell giving this money to these kids? Bullsht. He gave it to himself and to other investors. Nothing but a new kind of stock buyback plan.
Get ready to see poverty, and get ready to help each other. We are living through the 1920's again and it is crazy very few see it.
This. This will make all the difference, everything else is secondary.
In today’s media/social-media hellscape, how does one even begin to build a community? Every front page is filled with negativity, divisiveness.
I used to think preppers are nutjobs. As I grow old now, it feels more like they have a point
Too much influence, too much power over others, and way more than their share of... Everything.
There’s a widespread faith and believe in the idea that there’s opportunity in every corner, regardless of familial status or other shortcomings.
This belief is largely factual, as the vast majority of unicorn founders and billionaires come from an upper middle class uninteresting background.
If someone has a good argument regarding x, it is not a good response to say “why are you defending x?” Just respond to the argument on its merit. You’re not adding anything useful to the conversation.
It fails through stagflation. There are lots of people speculating the US is doing that right now, but since their most recent inflation numbers are bad, nobody has the data to say it for sure.
Just increasing government debit isn't a problem by itself. It becomes a problem when that raising debit isn't making the economy grow.
or being a billionaire.
Since there aren't enough monks, the church would have to pay people to come in and maintain the place - but they can't really afford that. So, either they let these beautiful places crumble and decay, or they sell them to someone who will hopefully be able to take care of it. Between the two, the latter seems like the least bad option to me. I certainly wish that these places could stay as part of the church and not be some billionaire's home, but I would rather they be a billionaire's home than go to ruin.
Honestly, Palantir is one of those companies where I think I'd rather be homeless than work there. The amount of direct evil Palantir is responsible for is hard to overstate (eg [1]).
The rich are just trading assets with Monopoly money at this point. None of it's real. I have to wonder how far we are from the richest 10,000 owning literaly everything where the rest of us are just living in worker housing on grand estates, in debt that'll never be paid off, the latest incarnation of South Asian brick kilns.
[1]: https://www.business-humanrights.org/es/%C3%BAltimas-noticia...
Laughing at billionaires is the antichrist.
The stratification has become much worse the last few decades and the trend is not showing signs of slowing. This cannot be taken out of context of the larger going ons in the US and the world. People see the kleptocracy because they are so brazen they do it right out in the open
Enjoy your mountain fortress Karp. The afterlife won’t be kind to you.
The Mountainhead https://www.imdb.com/title/tt35396529/
sallveburrpi•1h ago
I went and thought I would hate it at the time - mostly because I really really hated the narrow catholic mindset i grew up in at that time - but it actually was a really profound experience that I think back to often.
The life the monks led was simple, almost primitive, but it radiated a contentment and mindfulness that was inspiring. Also the brotherhood and love they had for each other. Of course I only saw the surface and as a teenager I didn’t appreciate a lot of the lessons, but looking back it was one of the better parts of being in a heavily catholic coded school.
Edit: also my religion teacher told the story how we was a monk in his early life and then left everything behind when he fell in love with a woman - which immensely increased my respect for him. I though he was this dried up, humourless pendant, so finding out he had this great passion in his life was a great surprise to me