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It’s sad that fake news and manipulation has extended far beyond Trumps Twitter account into everything we do. The blatant wealth transfer since the GFC from th

It’s sad that fake news and manipulation has extended far beyond Trumps Twitter account into everything we do. The blatant wealth transfer since the GFC from the majority of the population to the ultra rich is despicable but looks like we are in an end game scenario of capitalism. Average Americans barely get 600$ to survive whilst corporates get such huge bailouts. Same thing happened during the GFC and the years since, when the fed printed money and pushed it back into the markets via QE. This is not a republican or democrat problem, they are both equally complicit in all of this. I work in Finance, and to see all those around me try and use sophisticated language and models and avoid admitting the glaringly obvious shows the lack of ethics and a morale compass. We are all getting played by the rich and ultra rich. Edit: Whats really got me is the role of pension funds in this. Pension funds worldwide are an aggregation of our savings, yet they are pushing capital more and more into markets and increasing our cost of living (especially property prices by doing so). Fund managers and pension managers all along the way get a cut through performance fees, whilst we get stuck with unbearable rent prices and we don’t get much benefit of the investment gain since inflation will reduce the value of the dollar...

seibelj 6y ago
Buy bitcoin and promote it to others. It is a global escape hatch away from inflating fiat currency and corrupt elites who control the money printers.
imtringued 6y ago
I think it is pretty weird that Trump is popular among the middle class and lower strata of society. He is the go to example of a rich asshole billionaire that is only looking out for himself. He is promising the moon like every other politician but it's extremely easy to look behind his words precisely because of his economic background. Democrats are just as bad when it is about the things that matter but they are not glaringly bad like Trump. Fixing first world economies is not very difficult if you had a benevolent dictator whose only job was to fix the economy. I'm not advocating against democracy but every time there is a systemic issue the fundamental cause lies in power creep of the wealthy and the difficulty of telling the population to accept a tiny bit of hardship for massive future gains because they are already used to getting screwed over all the time.
- deleted 6y ago
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- abhinav22 6y ago
  I know what you mean. However the one benefit of democracy is that there is at least, well at least meant to be, some rule of law and protection of civilian rights. If you look at China, super successful, but a dictatorship where they will just kill you if you are not agreeable to them. Invariably dictatorships devolve into what is in China, and other examples from years past. That’s a very scary world to live in.

seibelj 6y ago

Buy bitcoin and promote it to others. It is a global escape hatch away from inflating fiat currency and corrupt elites who control the money printers.

imtringued 6y ago

I think it is pretty weird that Trump is popular among the middle class and lower strata of society. He is the go to example of a rich asshole billionaire that is only looking out for himself. He is promising the moon like every other politician but it's extremely easy to look behind his words precisely because of his economic background. Democrats are just as bad when it is about the things that matter but they are not glaringly bad like Trump. Fixing first world economies is not very difficult if you had a benevolent dictator whose only job was to fix the economy. I'm not advocating against democracy but every time there is a systemic issue the fundamental cause lies in power creep of the wealthy and the difficulty of telling the population to accept a tiny bit of hardship for massive future gains because they are already used to getting screwed over all the time.

deleted 6y ago
[deleted]
abhinav22 6y ago
I know what you mean. However the one benefit of democracy is that there is at least, well at least meant to be, some rule of law and protection of civilian rights. If you look at China, super successful, but a dictatorship where they will just kill you if you are not agreeable to them. Invariably dictatorships devolve into what is in China, and other examples from years past. That’s a very scary world to live in.