> landed a $10 billion software contract with the U.S. Army
The United States has ~$38,000,000,000,000 in debt which means a baby born in the US will get $1000 in Trump Bucks to invest in S&P 500 along with a $111,000 share of that debt with its $3,000 a year interest per person. Can someone explain to me how long this will be sustainable?
I'm a little sad that I'm not getting any free borrowed money in order to funnel it into $100M mountain properties. However, I'm trying to be objective. Given this situation what is the investment with the little bit of wealth that I have acquired? Do I need to worry about this not being sustainable and crashing?
I notice that when anyone says anything negative about the rich on the internet, people show up at lightspeed like you insulted their mom to defend them
Couldn’t you also say it’s largely unfactual, since the vast majority of strivers and grinders never escape their economic class?
I guess it depends on what opportunity means to you. Does it mean something that’s “likely” or “less than one in a thousand”? To me, a “one in a thousand” chance to strike it rich is not good enough to justify the immense suffering our economic system causes.
Our economic system is actually the only thing that reduces suffering to this extent. It’s basically eliminated poverty, hunger, and healthcare scarcity.
This is not a productive, helpful, or interesting comment.
If someone has a good argument regarding x, it is not a good response to say “why are you defending x?” Just respond to the argument on its merit. You’re not adding anything useful to the conversation.
> Can someone explain to me how long this will be sustainable?
It fails through stagflation. There are lots of people speculating the US is doing that right now, but since their most recent inflation numbers are bad, nobody has the data to say it for sure.
Just increasing government debit isn't a problem by itself. It becomes a problem when that raising debit isn't making the economy grow.
> since the firehose of government money creates a lot of market distortions and inefficiencies.
You mean elite capture¹ of government resources. Government money has repeatedly shown to create a lot of wealth, but the government should be free from the oligarchy. The monopolist sponsored narratives don't match with the data.
Buy gold and silver. Seriously. If you do not see the precipice we are a top of I have nothing else to say. ever since the great recession the Fed has been propping up the economy with low interest rates and Quantitative Easing. There is no way out of this but for an even greater depression.
All these fake trump bucks and investment plans are not for the children, they are for the investors that need the money in the market as another way to prop it up. The whole thing with Dell giving this money to these kids? Bullsht. He gave it to himself and to other investors. Nothing but a new kind of stock buyback plan.
Get ready to see poverty, and get ready to help each other. We are living through the 1920's again and it is crazy very few see it.
Good question. First start as small as possible. You dont need to design a massive system and burnout is a real possibility... which leads to: find groups already set up around you. We have a local food pantry that also cooks for people. It's ok to test drive various groups until you find good fits. There are various ways. Im helping a group get their non-profit status atm. Not super visible or boots on the ground but needed/useful. Other groups just need people to help reach out on social media.
It's as much a state of mind as physical actions and good for you for starting to see the need and opportunities.
Don’t worry about it - you know why? Because if the entire thing crashes, then everyone crashes with it, and there’s a million people (or more) that have a lot more skin in the game, a lot more power, and therefore a lot more incentive to make sure this doesn’t crash.
This is not your battle alone, so don’t worry like it is.
The United States has ~$38,000,000,000,000 in debt which means a baby born in the US will get $1000 in Trump Bucks to invest in S&P 500 along with a $111,000 share of that debt with its $3,000 a year interest per person. Can someone explain to me how long this will be sustainable?
I'm a little sad that I'm not getting any free borrowed money in order to funnel it into $100M mountain properties. However, I'm trying to be objective. Given this situation what is the investment with the little bit of wealth that I have acquired? Do I need to worry about this not being sustainable and crashing?