Subj : what if biden dies
To : Arelor
From : Ogg
Date : Sat Nov 25 2023 08:53 pm
Hello Arelor!
** On Saturday 25.11.23 - 05:17, Arelor wrote to Ogg:
>> Increase in food prices and a housing crisis is the same in
>> many countries despite who the leaders are.
A> Maybe. Blame Nixon for dropping the gold standard, I guess.
that was a odd one. that allowed banks to literally print
money they do not have.
A> The politicians that messed up the Minsk accords and accelerated the
A> Ukrainian crisis also have names so you can blame them too if you will.
haven't followed how that got messed up.
A> Spain is degrading quite fast and I have friends in IT industries that
A> used to be quite well funded get sacked in layoffs and then have to
A> settle for lessersjobs. However, degradation of US conditions seems
A> meteorical in comparison fromhere.
but people are losing their jobs everywhere, in many countries.
A> It is not The World going to hell, it is The West. I was scanning the
A> stocks exchanges for new values to put my savings into earlier this week
A> and it turns out lots of companies that are actually good value are
A> getting bought en-masse by non-Western powers. This is a sign that Western
A> powers are not strong anymore... when you are strong you buy other
A> people's firms for cheap and make money from them. When you are weak you
A> sell your companies because you need thecash now.
are you referring to vulture capitalism? there are other
strageties to buy-up previous companies, re-branding and make
the same industry thrive again.
A> Western exchanges have lots of stocvks that look shinny but
A> when you look closer they have lame fundamentals and are
A> objetively overprized, and those are the ones we are left
A> stranded with.
maybe just invest your money into bank stocks, or into the tech
that is driving AI (gpu manufacturer, for example), or the
companies that are providing tech for EVs?
A> I agree the current situation does not have a single
A> responsible party, but theadministration in power at a
A> given moment in time is responsible for handling it and
A> deserves all the blame it gets when they do a lousy job
A> dealing with theaftermaths or defending the set of past
A> policies that tooks us to bad situation.
depends on how long the new or current administration is in
power. it would be hard for newly elected leadership to deal
with a previous government's mistakes quickly.
--
../|ug
