• 4 Posts
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Joined 2 years ago
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Cake day: January 22nd, 2024

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  • Truth of the matter is that predicting and determining when the stock market crashes or if a recession already happened is hard. Saying definitively “there were warning signs and I should have sold my shares” is hindsight bias. When COVID happened, everyone thought that a recession will occur and pulled out their investments. The COVID-induced recession didn’t happen and we have come with a better economy than before thanks to good handling of the economy by governments across the world. Those who sold their investments have to re-buy their shares but it is now at higher price than when they previously bought, and they missed out on potential higher profit had they stayed.

    Of course, the world is not black and white and not all circumstances are the same. It is always a case by case basis and there are variables always at play. We came out well after COVID because we know that we definitely had a good leadership back then. But with economy under Trump, there is a higher chance of recession happening for obvious reasons, not just with AI bubble burst. In that case, it is still bad idea to sell all your shares because you would have to re-buy them at now premium price, but you could diversify your investments to safer countries or sectors in preparation for the high likelihood of a market crash. I have divested from US stocks and bought more European and Japanese ones, and invested in energy sector because it is more resilient even during economic troubles. I might have to rethink about my US healthcare stocks, however.







  • Your life will be much better if you avoid commercials

    Yes, but far too many people don’t know better, and they are the majority. They love targeted ads and especially that’s why so many of them are radicalised by targeted political propaganda. That’s why it’s a Sysiphean task to tell people about this, tell them to dismantle capitalism because we’re heading to its logical conclusion-- fascism. I didn’t think that Brave New World’s soma (the digital devices in our case) will directly lead to 1984’s Oceania. And what a great combo!












  • It’s understandable from law enforcement perspective that it’s important to snoop on actual criminal communications. The EU has pretty reasonable measures and good at cracking down on continental-wide criminal activities. However, can we trust authorities that they won’t over reach with the chat control and violate privacy and freedom of speech? Like, come on, nothing good ever came from spying on communications. Catching criminals and/or terrorists is a convenient excuse to spy on dissidents.

    We’ve seen it happen in America with the PATRIOT Act. People dismissed the opposition to it with “nothing to hide” thought terminating cliche, or accuse you of pedophile or terrorist for not wanting spying on communications. Then twenty years later, Americans have a fascist government who allowed a corporate asshole to steal information from the federal government. And those information will be used for surveillance capitalism. The same will happen to us in the EU if we don’t push back hard on this Orwellian desires of politicians.



  • How old are your parents? If they are retired, that might explain a lot. People say you become broad minded, wise and knowledgeable if you have ample time to read and educate yourself, instead of working more (that’s why many people say society’s obsession with work is a distraction tool to prevent people thinking that the system is rigged). However, it also goes the inverse towards extreme radicalisation.

    I don’t have a practical advise to give to de-redicalise your parents, but typically radicalisation is not just you have too much time to consume so many contents, but also loneliness is a factor which most people overlook. Hannah Arendt made a conclusion in her book, Origins of Totalitarianism, that loneliness is a precursor to totalitarianism. The far right (and far left as well) sell the snake oil that only they can bring people together again.

    A lot of old people who are lonely are vulnerable to extremist propaganda because their minds are not in the right place. This is something to consider imo when you have to interact with your parents. Genuine human connection is the missing ingredient. A friend of mine has also become far right. He moved to London many years ago, and my guess is that because big cities tend to be individualistic, this made him lonely. The far right rabbithole created a sense of togetherness and purpose for listless individuals.

    Edit: wording