[-] IronBird@lemmy.world 1 points 3 days ago

no, just get a steam deck

[-] IronBird@lemmy.world 7 points 4 days ago

it doesnt need to be effective, the whole goal of our entire MIC is shifting tax $'s into the pockets of contractors, and the officers (and members of congress) they have paid off, just like damn near every other facet of our economy/government.

[-] IronBird@lemmy.world 3 points 4 days ago

most of those sales on credit actually

[-] IronBird@lemmy.world 1 points 5 days ago* (last edited 5 days ago)

yes...obviously both are a part of cycle.

for me, establishment means they do atleast want keep this fucked up game of theirs somewhat sustainable. in that sense, trump and co. are not establishment.

trump was establishment, but now he's a braindead parot repeating the last thing he's heard

[-] IronBird@lemmy.world 2 points 5 days ago

I dont know there, US cemented itself as center of world trade/finance specifically so it could have as kuch reach as possible.

got to talk to an actual financial advisor for that kind question, a proper one who is legally obligated to work in your best interesr.

but, my first guess would be to look at what orher countries/big foreign interests are doing. ones selling off all their US bonds and whatnot, clearly trying to get out from under USA's schizophrenic thumb. but i'm still very new to this whole thing

[-] IronBird@lemmy.world 1 points 5 days ago* (last edited 5 days ago)

lol, depending on when you moved it to gold then your probably up a bunch now.

really, at the end of the day you jusy gotta do what you believe is the best move. that's the only way you'll be comfortable enough to not panic sell

personally, if i had a half a million mestegg right now and wanted to keep it safe...gold probably is one of the safer places to stash it. just make sure you have enough cash lying around to be able to pay whatever bills/debts you have during an extended economic downturn. as when that does come...gold will also plummet eventually, but it normally recovers faster because so many people/governments around the world buy so much of it.

the main thing is to not trade/move your money emotionally, dont panic sell or buy cause of a fear of missing out. these greedy assholes want you to do that, thats the whole reason they fuck with shit like this. it's a sick game to these people. you got to have rules, a plan for scenarios like this one (don't have everything in US companies, for example), and most importantly have the discpline stick to them.

[-] IronBird@lemmy.world 1 points 6 days ago* (last edited 6 days ago)

unless whatever "gold" you bought into actually delivered you physical gold or pays out a dividend...it's probably being played the same as everything else, thats the whole point of a bubble.

bonds are a whole other beast, as bonds whole point is to act as a safe secure longterm investment....when the wolves run the show...their whole goal is making everything unsafe. they're trying to "shake people out"

hence, mass devaluation of USD, ontop of out of control inflation (being hidden in crypto), and undermining any and all sources reliability like say...replacing heads of various "independent" federal agencies meant to report on the economy (and mass firings in those orgs). and of course...that ol' sovereign debt crisis that pops up every 3-6 months.

if your goal is keeping your nestegg safe, nothing connected to the US economy/USD is safe until the wolves are gone. but overall...you can just follow buffets advice, put your $ in stuff you know and don't mind holding a long time.

if you already sold your stocks...i'd look over everything you sold and see where it stands now, buying back might still a good deal. hell maybe it dropped since and you get a discount, who knows.

they're playing a dangerous game...if they (the people behind trump) forget rule 1, they arent the oldest players and that means they definitely don't have the lowest cost basis. they fuck over or steal from the wrong people too many times and eventually they will get wiped out themselves (though forcing institutions to start offering and by extension buying crytpo, because they have hedge...smart move...)

[-] IronBird@lemmy.world 1 points 6 days ago* (last edited 6 days ago)

eh, skipped nihilistic dead end. went to Sartre

haven't read much philosophy since though

[-] IronBird@lemmy.world 5 points 6 days ago* (last edited 6 days ago)

no, at this point Trump is a braindead puppet for whoever has his ear last.

The likes of Shumer and McConnel are the establishment.

Carter with Rockefeller's congress, during the last (long) Dem super-majority...proceeded to tie the american pension system into the casino. acting as a regular wave of bagholding liquidity pumps.

Obama, during that short super-majority, passed Romneycare...a blank check for pharma and healthcare corporations to ratfuck public funds.

and of course while all that happens they're all insider trading the whole time too, the greedy fucks

that is the establishment

obviously republicans are worse, but in a way they're better...cause atleast you know they're pieces of shit. meanwhile the dem side preaches Hope and Change to the public while reassuring their donors the status quo will be maintained

it's fucking insidious

[-] IronBird@lemmy.world 11 points 6 days ago

i know, have started that process too recently. I'm just not used to feeling things so strongly i guess, and really don't have anywhere else to turn to at this specific moment.

[-] IronBird@lemmy.world 2 points 6 days ago* (last edited 6 days ago)

to keep is simple, as I don't know just how much you know (and I'm still very new myself tbh)

it's all purposefully complicated with obscure rules and exceptions, all specifically meant to trip up new "players", breaking some in the wrong way can land you in prison, while a slight variation might be perfectly fine.

what helped me the most is understanding just how truly rigged the whole thing is, and what helped the most there was a book called Reminiscences of a Stock Operator, everything in it applies frighteningly well to modern day markets even though it was written over 100 years ago.

the biggest most important lesson is...look at everything like a scam designed specifically to extract as much $ from you as possible (which, is especially in low overall-trading volume levels like now, is 100% true. that's fundamentally what bubbles are, people deliberately running the price of stocks up). it's a zero-sum game, in order for you to gain someone else has to lose.

whether that's bonds, stocks, futures, whatever.

but...there are 2 very fundamental rules that always reassert themselves eventually.

  1. the true value of the underlying security, and if a company doesnt pay out a dividend...that means it's stock is functionally worthless

  2. the line MUST go up/down eventually

the more of a disconnect between those 2 things there is, the more someone who knows 1 can take advantage of someone who only thinks in terms 2.

and the best way to do that (for plebs atleast) is...exercising stock-options. the US market, contrary to...literally every other market on earth, has this little rule that allows you to exercise options early.

so for example, say someone sells you a put option on SPY 3 years out, strike...780. right now that'd cost about 12,500/contract to buy. if you bought that and SPY dropped under 655 anytime in the next 3 years...you could exercise it immediately for a profit.

right now spy is 658...a 3 point drop between now and 3 years out...that's practically guaranteed. free $.

but when someone executes those contracts on you, if you don't have the underlying, 1 of 2 things happens...you start paying your broker interest to borrow the underlying (at an ever increasing rate) or they forcibly close your position, which if your over-leveraged enough means...you get liquidated.

the issue is though, in a bubble, when everything is overvalued...how to do you safely play the casino without owning the underlying?

151

going to preface this with, don't worry about my immediate health or anything. i am not having a psychotic episode of anything like that, i am 100% sober...and...that's honestly the scariest part for me.

there is a message that finally got through to me, woke me up (wait, motherfucker...is that where "woke" comes from?!?!?), something I'v been aware of for a long time now i think, but it got suppressed down for...10 goddamn years... for whatever reason, until now.

now that I'm aware of it, I see it damn near everywhere, almost every majorly acclaimed movie, song, book, poem, fucking everything...

and it's not like this is some short-term problem either, it's not going away when trump dies, it's not even going away if trump dies and the establishment regains control (i have my doubts they can pull this off).

it's the same goddamn cycle over and over (with slight variations), boom followed by completely deliberate bust, one privacy-overreach followed by another, the same playbook used over and over. and occasionally either end is some random organic act-of-god, which just works to obfuscate the intentional acts.

it's so large and all encompassing you can't even be sure which parts are apart of it and which are just...people still asleep just going about their lives.

and now, because this world seems to be ran by a bunch of fucking psychopaths, I'm even more paranoid sober than when I was having a actual mental breakdown

because how the fuck do I trust anyone now?

how do i seperate those that know from those that don't?

psychopathic assholes from regular assholes?

friend from foe?

hell, how the hell do Ieven confirm that this is real, I know that everyone in my own immediate family is stuck in these little arithmetic bubbles too so i can't bring it up with them, if i tried they would probably be worried I'm going crazy.

and because of past-me's mistakes over the years I have no irl friends whatsoever to talk with either, so i guess all I have left is to send this out onto the internet and hope for the best?

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IronBird

joined 3 weeks ago