[Food for thought] I think there is a flaw in capitalism, it needs poor people who are ready to work at lower wages. So they've to create this cycle of continuous growth and then cook a recession or war or something else reset it back to where it was and the cycle continues... The cycle at present is nearly 10-12 years, but it can start happening earlier as well....there is no other choice...otherwise capitalism would fail... This is what US Gov / Fed etc / US corporate America have realized and they do that by cooking something (war, spiking oil prices, cooked recession) at the end of the cycle so that they can reset wages, etc to begin it again..... it's a kind of Purge.... think about it. What is the solution [Cashing out investments (at a high point) when you think the cycle begins. any other solutions? (put it in the comments) ] #google #meta #amazon #apple #twitter #stripe #lyft #techcareer
It's no flaw, it's a feature ;)
Loved your insight.
I agree, it actually assure that capitalization is working as expected. Corrections help with bankrolling bad investments and a strong one comes out of stronger. Society has never been fair even in history and poor suffer.
Everything else you can theorize. Cashing out of the market as a solution? That’s stupid…you can’t time the market. You might be lucky and time it right once, maybe a few times…but it’s about as crazy as doubling down at a baccarat table and betting banker 15 times in a row. Man sucks at purging. Mother Nature takes care of that. She almost got us during the Black Plague. She’ll keep trying.
Central banks were created for this reason. Lincoln tried to fix it and you know what happened
It’s true. Elon Musk said yesterday twitter engineers got rich so they stopped working hard. He wants everyone to be peasants so that they can continue slaving their life for him to make money.
Right now is the “deflationary” stage
It’s simple actually. Maslow’s hierarchy of needs. If everyone’s most needs are met, the only one remaining is power/ego. Then people don’t cooperate, they engage in tribal politics and wars to gain dominance. Once you take away the opulence, people will willingly cooperate for food, shelter, safety, family, kids etc.
That’s not a flaw. That is literally the design of capitalism.
The flaw is true. Unfortunately, it's the least bad option among bad options.
You're almost right: https://youtu.be/PHe0bXAIuk0 But that is not a bad thing. We just need to learn about these cycles and use them to our advantage. Work in FAANG in bay area (or whoever gives you most money with least work) -> save as if you're a poor teacher with 40k TC -> invest it in stonks optimally -> plan your retirement and FIRE by the age of 45. Very easily doable. I'm also on the same path. You can either retire in costly places which will take long or you can go to LCOL places like Florida or mid West. Also one should marry optimally and find a good wife who can either earn similar to you, or at least be good at traditional roles like taking care of kids, not divorcing etc. If she isn't good at both of these, she should be avoided. It's your your call to find a high TC wife or traditional wife. Also when it comes to investing, learn technical analysis. Momentum investing is where money is. Don't do crypto, day trading, swings or long term using fundamentals. Only do medium term (few months to 1 year) using momentum investing. My portfolio has 30% annualized returns...
Tech Industry
Yesterday
776
East Asian Men don’t talk to me bc I’m Vietnamese
Tech Industry
Yesterday
1529
Absurdities of the Bay Area 😒
Personal Finance
Yesterday
591
Rate my investment progress
India
Yesterday
1042
What do vegetarian Indians eat for protein?
Personal Finance
Yesterday
2821
Should I marry a lazy girl?
You're 100% right 👍 unfortunately most people wilfully ignore this. Or are never lucky enough to realize it in the first place.
Yup OP is right the Fed wants everyone in debt so they could tweak the economy with interest rates