lol this is a tumblr post from 2019
the use of the word tankie here is ironic the tumblr user Edwad is cool so don’t get mad
Banned? DM Wmill to appeal.
No anti-nautilism posts. See: Eco-fascism Primer
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Dunk posts in general go in the_dunk_tank, not here
Don't post low-hanging fruit here after it gets removed from the_dunk_tank
lol this is a tumblr post from 2019
the use of the word tankie here is ironic the tumblr user Edwad is cool so don’t get mad
genuinely salient description of the tendencies of both groups
What if the US goes to war with China before they push the communism button and all your assets are seized? Is that the "I lose but I don't care anymore scenario?"
You might want to ensure you can pull your winnings out so you can leave before the big one hits.
Thinking about it now, dont a lot of big bougies have buisness interests in china? Would the white house risk doing anything more substantial than the current performative bullshit if it meant pissing them off?
Some do have business interests in China but most don't and some have interests in further escalation with China. What matter is how the intra-bougie power struggle shakes out.
The biggest benefactor I see in escalation is probably the military industrial complex. I suppose if buisness dries up in ukraine and israel they might push harder for war with china and tip the scales of the bougie brawl, but I dont think that will happen anytime soon.
The mic will push for war with China not just because they want big money for big boats. They do accurately see the future where the US is pushed out of the South China sea and they can only imagine a war stopping it.
If this isn't a bit; don't think it's that simple, look at China indexes performance the last couple decades, it's pretty shit
I won't recommend Chinese stocks or index funds either unless you're reading Chinese news everyday. The government doesn't give special treatment to corpos so once they find themselves in trouble, they and their stocks are fucked.
Is there any data on how well your portfolio would have performed if you did this 10 years ago? Compared to a normal/good US index.
Investing your money in a foreign country leading the way in standing up against the influence of foreign investors. Bold strategy. Viewed as a donation to China, I like it. Just don't expect to retire on it
This is literally what the national bourg of the western consensus fears most, hence the constant "China's economy is going to collapse any day now" posting in the media.
ok:
I know this isn't helpful, just wanted to share in not knowing shit about index stonks. Saw a lot of posts about investments today and I'm just like ??? Y'all got stonks ??? I know nothing about that stuff
At risk of emitting lethal levels of energy, what makes buying stocks any more problematic than buying any other consumer or luxury good from a company? I have a hunch it’s mostly going to lie in the people who you sell to once it’s more valuable basically being scammed, but I think there’s more to it.
what makes buying stocks any more problematic than buying any other consumer or luxury good from a company?
I don't know that there is anything more problematic about it really. Especially since a lot of the people who do engage in it for retirement savings and stuff, and it seems like about the only viable way to do that for many people.
I just don't know anything about it, or have any ability to engage in it, so its really foreign to me. I'm not calling it problematic.
i think the problem is that you're participating in the system you hate... corporations' sole purpose is a return on investment for its shareholders.. nothing else matters
You kind of do anyway by being a worker though. Capitalism isn’t, like, an opt-out system
Index funds are big pots of money that automatically purchase stocks based on preset conditions (Usually how valuable the company is). When you put money in those money are used to purchase these stocks.
What is an index fund
An index fund is fund that automatically invests in stocks based on their position in the stock market or other preset condition (But most just track the biggest companies). Basically it automatically purchases stock in the most valuable companies.
What about the pessimistic option (C), where the Chinese economy stagnates or collapses and you just end up losing money?
Make a straddle and long SPY
Edit: too many of you know what a straddle is
I own a bunch of Chinese stocks. They haven't performed very well compared to my American ones, but I see them as a long-term deal because I genuinely expect the American economy to face an unrecoverable crisis in my lifetime.
Aww shit, I just realized I'm a prepper. Oh well time to dig out a bomb shelter.
Ok but actually, does anybody have suggestions like this on how to redirect money that otherwise would have been destined for something like a 401k? I’m interested in finding a way to invest in the global south or at least just find a way to convert cash into some durable value that could support me during a period of extended financial hardship
I also have a lot of faith in the future of the Chinese economy, but it's still worthwhile to manage risk by diversifying. At a minimum I don't see why you wouldn't invest in Vietnam too. China isn't the only AES state integrated with the world market. A regional southeast Asian fund is also an option.
Vietnam probably has a lot more growth to go compared to China too - though I think the real smart bet right now is in Belt and Road countries, of you're looking thirty plus years out.
Belt and Road countries are literally most countries. It's likely to be a safe investment overall, as it's one of the most diversified strategies. I think some B&R countries seeing relatively poor returns must be expected though.
but do you live in China? because you won't exactly win in 2050 if they push the button and you're not there
i humbly disagree. it's a win for the world.
C.) They push the button, but it gets stuck halfway and only your assets get seized.