Investors reset
twentyfive
Living well and enjoying my retirement
Now that the Russian stock market has become just about worthless it’s time to re-evaluate holdings in China and other countries that aren’t working Democracies, autocrats are being shown to be poor risks for capitalism. One person in control like Putin or Xi doesn’t fly anymore. Those Russian oligarchs that Putin surrounded himself with have made his army and weapon systems useless. Now you see where all of the defense spending in Russia really went, into mega yachts, expensive private homes, aircraft, but the Red Army is driving Soviet era vehicles and their vaunted fighters have been getting their ass kicked by fighters from a country with less than 1/3 of their population. Time to divest your portfolio of any money that is held in countries ruled by autocrats.
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31 comments
Gotta wonder what's going on in China. Peaking rates of COVID. Foreclosures.
Fortunately some of us are smart enough to put money into our own affairs.
SJG
Ginger Baker's Air Force - What a Day (1970)
https://www.youtube.com/watch?v=X62VL2kR…
I remember reading how the world feared Russia during the Cold War because they’d release all these propaganda files showing endless lines of tanks, military vehicles and soldiers when in reality it was a much small ground that just kept going around the block. 10 tanks looked like 100.
People were concerned about the Soviet Union because it was a strategic nuclear super power. Russia still is.
Nato will have to go and there be a new defensive alliance formed, which will include are rebuilt Russia.
JSG
SJG
However, if we decouple or economy from the global economy, the phenomenom of $5-$6/gal gas will occur everywhere. It will be painful, it does not make sense to do that in all commercial sectors, but the US needs to start moving in that direction. This will not only deprive hostile regimes, rogue governments, and oligarchies from profiting off their bad behavior, but there will be more jobs in America, GDP may increase, and we will not be caught flat-footed by the next pandemic or global supply chain interruption. Again, there could be a price increase of 30%-40% on some goods. Americans will have to budget and adjust accordingly.
But first, we need a government that holds itself accountable for anticipating and reacting to these economic changes, instead of blaming the victim for not buying an electric car.
It is always this way, and Trump sought to maximize it.
SJG
Biden and his people are an excellent team.
Financial markets, who knows, anything is possible.
At the end Russia needs to be a democracy, and NATO has to be replaced with a new military alliance which Russia can also be part of. The UN is not such a military alliance.
SJG
SJG
But no one knows how weird this is going to get first.
SJG
There is no law. Whatever you think the law is can be changed overnight. And in extreme cases, opponents disappear...
The economy is run by corruption. It's not an aberration, it is the norm. And I'm not even talking about bribing officials, those officials own the industries!!!
30 years ago there was no private industry in China or the Soviet Union. So, how the fuck do you think all these people got rich?
Sure, some Chinese guy's came up with tik tok and found some new thing everyone wanted and it exploded and they got rich!!! But there are too many yachts and not enough tik toks in the rest of the story. Gazprom sure as hell didn't just start overnight, someone in the Russian government, or with friends there, took it over, sold shares in it, got filthy fucking rich from it, spread some bribes around, probably killed a few people here and there if they complained, or at least had them jailed...
Sound like a good place for your retirement nest egg to grow?
Chinese real estate? These is NO PRIVATE OWNERSHIP of LAND in China!!!! WTF do these people think they are investing in?
And whenever they aren't taking it, we're giving it, via thinly-veiled spyware like TikTok. We've already given American companies all our data willingly, why not give it to the Chinese too?
And yes, no transparency. It will not end well.
After the Berlin Wall came down we were expecting a Peace Dividend in the form of non-military infrastructure jobs and business opportunities. But instead, this benefit all went to the financializers.
SJG
1. SJG hijacking the thread to rant about the market being a scam
2. Icee with a semi-literate rant about America being evil
3. Juice with his latest get-rich-quick scheme
4. Scrub jumping down someone's throat like above
And 5. Us normies gritting our teeth, yet again.
I don't grit my teeth, I just laugh at 1,2,3, & 4 when I don't care to listen to them I just put them on ignore, but when I need a good laugh I take them off, after all who takes those idiots seriously, any way?
During a private conversation with one of the dancers here reminded me, those fools are just busted furniture, eventually they'll be replaced or get scrapped.