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  • Phoenixz@lemmy.caEnglish
    191·
    vor 21 Stunden

    Sooooo that gives us how long, exactly, until we dive nose first into a huge world wide recession?

    Remove the rich

    Nobody should be allowed to be a billionaire, put max caps on netwoths. Anything over 10-20 million should go 100% to tax

    • grrgyle@slrpnk.netEnglish
      7·
      vor 10 Stunden

      We don’t let individuals own nuclear weapons. We shouldn’t allow individuals to wield financial weapons.

  • titanicx@lemmy.zipEnglish
    21·
    vor 1 Tag

    Peter Thiel and Donald j Trump are both best friends with Jeffrey r Epstein and child rapists.

  • Reisen@sh.itjust.worksEnglish
    93·
    vor 2 Tagen

    i hate peter thiel but i also hate nvidia and tesla so i hope this ends out somehow being bad for everyone

      • sp3ctr4l@lemmy.dbzer0.comEnglish
        32·
        vor 1 Tag

        I would say I am fairly sure its some kind of afinancial crime to uh, short a company you have a material position in…

        But we live in ‘interesting times’, so… who knows!

        … Maybe he had an ‘interesting chat’ recently, with Michael Burry.

        That would be ‘funny’.

          • sp3ctr4l@lemmy.dbzer0.comEnglish
            3·
            vor 1 Tag

            I remember Enron being prosecuted, we did at one point at least kind of pretend to give a shit.

            But uh… yeah…

      • RalfWausE@blackneon.netEnglish
        322·
        vor 2 Tagen

        Wouldn’t that be below somebody like Thiel? I mean, he is a professional and this seems a bit too much “amateurish”…

        • Nalivai@lemmy.worldEnglish
          24·
          vor 1 Tag

          He believes that there is a bibilical antichrist alive right now, and he can stop it but also shouldn’t. He’s disconnected from reality so severely, he lives in a completely different world. The fact that he’s rich is not a testament of his professional capabilities, but to the fact that in current capitalist environment, the only prerequisite for being rich is to be lucky and have zero morals

        • prole@lemmy.blahaj.zoneEnglish
          25·
          vor 2 Tagen

          This comment is a joke, right? How do you think these people became so wealthy in the first place?

          • RalfWausE@blackneon.netEnglish
            13·
            vor 2 Tagen

            I don’t say it would MORALLY below him, quiet the contrary, but more from a skill level. Acting so obviously would be just amateurish.

            • Passerby6497@lemmy.worldEnglish
              24·
              vor 2 Tagen

              Acting so obviously would be just amateurish.

              Please stop thinking of these people as massively brained smart people, instead of just being rich and lucky. These guys are just in it to make the number go up, don’t think they have any floor to how low these fuckers would sink

    • sugar_in_your_tea@sh.itjust.worksEnglish
      1·
      vor 24 Stunden

      The best case, I think, is for Nvidia and Tesla to do well in the short term (next 6 months or so) and then crash. That way Thiel and most people following his investment advice get to eat it, but the bubble doesn’t stay propped up for too long.

  • Bristlecone@lemmy.worldEnglish
    46·
    vor 2 Tagen

    Hilarious that at the end of this specific article, for me, an ad popped up advertising AI investing 😂 Jesus we are so fucked

    • Mk23simp@lemmy.blahaj.zoneEnglish
      91·
      vor 2 Tagen

      Imagine if he waits for people to panic and sell off and then buys back into the market.

      In this case, I expect that the market is due to tank for real soon, so that would maybe be a stupid move, but it seems like in general someone could literally trade on the perception that they’re an insider (regardless of whether they have real inside information or not) to manipulate the market in their favor.

    • sp3ctr4l@lemmy.dbzer0.comEnglish
      31·
      vor 1 Tag

      Yep.

      I read this and actually said aloud “Oh Dear God.”

      I mean, I’m a poor, I don’t have… a pension, investments, I’ll be lucky if my net worth ever exceeds the FDIC guaranteed $250k…

      But uh yeah, yeah, if you have any uh, exposure to the stock market… uh, good luck!

      Have fun realizing you were actually just barely less poor than me, this whole time.

  • the_q@lemmy.zipEnglish
    170·
    vor 2 Tagen

    Sucks that even though I’m not invested in anything, when this pops I won’t be able to buy food. Thanks a lot, wealth and “security” chasers.

    • drosophila@lemmy.blahaj.zoneEnglish
      11·
      vor 1 Tag

      Isn’t this an interesting property of market economies?

      Software and silicon chip manufacturing has literally nothing to do with food production and yet a ‘disaster’ (I.E. going back to the status quo as of a few years ago) in that industry will affect your ability to eat. Nothing has happened to the farmers or their fields, or to the logistics system that moves food from one place to another, and yet somehow things suddenly can’t find their way from where they are produced to where they are needed.

      Remember, this is supposed to be the most efficient way to allocate resources.

    • HubertManne@piefed.socialEnglish
      1·
      vor 1 Tag

      eyup. I mean considering it was more about not having housing before and now its about not having food we can see where things are going.

    • kent_eh@lemmy.caEnglish
      5·
      vor 1 Tag

      The next year before the Midterms is going to be a wild circus.

      The criminal attacks on the entire democratic process will be at a new peak.

    • UnderpantsWeevil@lemmy.worldEnglish
      51·
      vor 1 Tag

      I hope your 401K is diversified

      When the MAG7 makes up half the S&P 500, its hard to get away from. Even if you somehow manage to avoid holding a big tech company (or a company that’s predicated on the spending of a Big Tech company), a downturn will force cascading sell-offs.