I wish it was that. No, this is actual evil, not incompetence. Trump has turned the US economy into the largest pump and dump scheme ever. Worse, he’s bragging about how his friends made billions. I can’t even believe this is happening. I’m in utter shock. I knew Trump would be bad, but straight up flaunting corruption like it’s a joke and even bringing the SCOTUS on board with this. I’m just gob smacked.
You don’t understand. Chinese companies have been preparing for this for almost a decade now thanks to US policies. Here’s manufacturing locations just for Moto.
https://motosmartphones.com/where-are-motorola-phones-made/
How much is it really made in Brazil? Enough to by pass the tariffs.
This is transhipment. China has been building an enormous transhipment network with those countries heavily dependent on Chinese heavy machinery and services. They expected this, they prepared for this. It’s the US companies that tried to obey their own countries rules that are susceptible. Even Samsung has been working with China to create these networks. Soon, I would estimate, Apple will as well. The problem is, if you thought Tik Tok was a national security issue, forcing every US company to use Chinese logistics to fight your own countries tariffs…
Well, it’s not hyperbolic because as I’ve said, sadly in life we’ve seen humans over consume far too many times.
I mean the best example I can give is climate change. It’s very clear our over consumption of oils is destroying our environment. But humanities reaction thus far has shown to basically call it an exaggeration and ignore the problem. If we keep saying human over consumption is hyperbolic, that’s how we get president Trump.
What do you find hyperbolic about this? In fact, it’s not even the first time it would happen. Why aren’t there Dodo birds, or California red legged frogs? Why are we concerned about Blue fin tuna or sustainable seafood at all? We have a long history of humans deciding something is good and too many of us eat it, build on it, over fish it etc… How would land lording be any different or hyperbolic?
*Edit: And that’s without everyone doing it as the OP originally suggested.
Huh? I’m saying if everyone dropped whatever it is they normally do and instead all do the same exact thing, it would ruin an economy. We need diversity regardless of whatever else is happening. We couldn’t survive if everyone became farmers and no one become engineers. So ultimately, it’s a pointless statement to say if everyone did anything, such as landlording, the economy would be ruined.
That guy said what I was pointing out. Also, it’s not a hyperbole, it would absolutely destroy the economy if everyone did the same thing regardless of what that thing is. Even if everyone decided eating chicken would be the only protein that we eat would destroy the economy. Which is why I added my edit. It’s not just about a profession, but anything, literally anything done in unison by every other human would wreck an economy.
What? Your comment doesn’t make sense. If everyone did any profession solely we would destroy the economy. If everyone became doctors, there would be no engineers or pilots. We would still be doomed. A diversity of vocations are necessary regardless of which vocation.
*Edit. I was thinking maybe you mean investments. But the same holds true there. AND because of hedgefunds and private equity it’s becoming more and more of all the money funneling into a handful of companies. All the economists are sounding alarm bells on this. But considering the direction our leaders are taking us, I think this is all part of the plan.
I meant on a geopolitics level. China really doesn’t play the geopolitics games. They pretty much just do what they think is right for the nation (right or wrong) and tells everyone else to take care of their own shit. Today, this plan of doing nothing looks to be very successful.
*Edit: Obviously internally they’re doing a shit ton of stuff for their nation and their people. But externally, not so much.
Or really paying attention to other nations as well. In fairness, they literally said that’s what they plan to do. Which lead people to say China only cares about China. Which is true. The question becomes why SHOULD China care about the internal politics of other nations?
China: I will do nothing and the world will fall to its knees before me.
You’re not making any sense. You said to seek out a fiduciary not an advisor. Now you’re claiming that some time in the past, which would be distant past btw, that’s when I should have seeked out a fiduciary? What you’re saying makes no sense. Anyway, EU has the same fiduciary laws for institutional investors like financial advisors.
http://www.purposeofcorporation.org/fiduciary-duties.pdf
So, I don’t know what you’re on about.
Also, it doesn’t matter HOW shit someone can be at their job the reality is it’s easy to fuck it up. So, you just admitted it takes skill to be a financial advisor. Congrats you played yourself.
No, your not understanding that games of skill or chance are both gambling. Being able to identify the difference makes you a gambler who can live off his gambling or one who will go broke. Same trick in investing.
Actually you make a great point. Which is why there’s professional poker, where gamblers can literally make a living. Understanding the difference between being a professional and being able to consistently make money and where to go to do it, is part of the skill I’m talking about. Thanks!
Oh dear lord. A fiduciary is a financial advisor. In fact it’s the purpose of the Series 7 to make sure they’re one and the same. Here’s an article on it.
https://wealthadvisors.smartasset.com/fiduciary-costs-benefits-sem1/
Like I said, if you don’t even understand what I’m saying, it’s not a surprise you’re as ignorant as you are.
*Edit: And just so you know, the reason I keep harping on the series 7 is because it forces financial advisors to be fiduciaries. It’s the WHOLE POINT of the test. Good lord, how do people like you survive in this world?
*Edit 2: Man this comment. You really didn’t know financial advisors have fiduciary responsibility? And yet you knew the word fiduciary? How? How do you exist?
*Edit 3: Wait wait wait, what do you think fiduciary means? I get the feeling you think it means something else.
It’s really not. Which is why there are laws around accredited investing and why agents have to learn the Series 7 and follow Finra rules. But if you literally don’t understand anything I said, it’s obvious why you think it’s magic.
Lets put your hypocrisy in a different light. If all jobs require skill, then the job of a financial advisor requires skill because it’s trivial to make 100k from 10 million? It’s as if your trying to argue that there IS unskilled labor and we should complain about them.
That’s a lot of writing to admit you have no idea what the meaning behind the words I said. Look if you can’t even understand the basics taught in the series 7, you are the target for the rich.
It’s literally not trivial. Again why does the FDIC exist? I didn’t say where is it from. What is it for, what does it protect. Who benefits from its protection. Why do investors need to be accredited, why is there higher risk for accredited investors. And this is purely the intro to what I’m talking about.
There’s literally no safe way to invest at that level. Do you understand what the FDIC is and what they do? Do you understand what an accredited investor is and why they can invest in riskier vehicles? Did the words I just write look like word salad to you?
I genuinely do not understand what your talking about. Elaborate?
Your right. It could be both. I mean, my wife said to me the other day that she heard Trump was doing the tariffs to lower the bond interest rates. I said while in some types of recessions that’s true, that wouldn’t work in this case and you’d have to be an idiot to think it would. Sure enough the next day Trump puts a stay on tariffs to most of the world because the bond market got rocked. All I could think of is omg, are they really that fucking stupid?