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- funny@lemmy.ml
- cross-posted to:
- funny@lemmy.ml
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And the wealthy manage to come out on top every single time.
When you’re the ones manufacturing the crisis, it’s easier to prepare and profit from it
Buy blue chip stocks during recessions and sell after recovery
Kinda hard to buy when you dont have any fuckin money
If you didn’t buy so many pumpkin spice lattes and avocado toasts you would have been rich by now
Instructions unclear, invested life savings in pumpkin spice latte and avocado toast stocks
You god dang gen z’s are going to get my CFA designation revoked
I’m actually an elder millennial, but I guess I can hold off on any further investment until you get your Classified Fowl Arbitration cert reinstated 🤷
I see you’re also an expert in bird law
I renounced my Chick-fil-A designation after I got disciplined for playing the south park episode
Got it. I’m gonna have a nice hot avocado late and some cinnamon sticks on pumpkin toast
I’m starting to notice a problem…
Wait are you serious?
I’ve never joked in my life
Instructions unclear, invested life savings in a company that produces blue corn tortilla chips.
Well tostitos is owned by pepsico which is a matured company of 126 years so I would consider that a blue chip blue corn chip stock
I invested early but ate them after a month because I was afraid they’d get stale.
I accidentally ended up with a semi trailer full of blue corn tortilla chips?
Brother I’m still recovering from the last time I took the internet’s advice on stocks.
Unrelated, but fuck Ryan Cohen.
I think this thread has been very clear about what stocks to buy and it’s your fault if you don’t get it (when you figure it out, let me know too)
It starts to make sense when you realize that each of those events is basically a fire sale for billionaire investors.
Just look at income inequality before/after each of those events.
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I wish upon a star that we could be a generation that takes power back for the average worker and uses our strength in numbers as leverage to have a better quality of life by making the wealthy pay their fair share.
But it’s looking like our historic legacy is going to be that of a fool generation that votes against their own interests and refuses to stand up for themselves.
A very embarrassing time to be an American.
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The bigger problem right now is that unlike revolutions of old, this time there are millions of people who adore and cherish their overlords and would literally fight to the death to protect them for no other reason than ideological.
This is a message the media owners want us all to accept.
In my experience, very few people want to die or commit violence for some billionaire’s agenda.
Most people just want to live their lives and maybe live to see the assholes in charge have to pretend to care what the rest of us think.
Reactionaries are paper tigers. They’ll flee or switch sides when the going gets rough.
Seeing shit like this play out just makes it harder to keep going. At this point it’s a matter of when I do it, not if. What point is there if it’s only getting worse? I’ve seen my best years by now
Your choice, of course.
But there’s something to be said for living as well as well can in spite of the bullshit. Especially if there’s folks that rely on us.
The most punk thing for me to to as a person of queer is to keep living, but God is it hard to find the spirit.
I get that.
I take some comfort that - I know I won’t outlive every asshole, but I think I can outlive a bunch of them.
(This bunch in particular. A bunch of them are ancient.)
This message is brought to you by the Storm of the Century and the hotest year in history. Available to you every year.
I was going to say I live in a “50 year flood plain” and I’ve seen 3 floods in the last 16 years.
I know there have been people predicting they live in the “end times” for all of humanity. But I can’t help but feel like our generation isn’t crying wolf like the others.
Don’t worry tho, because although everyone’s broke as shit, the houses you bought in the 90s when you were a young child are worth like 10 times as much now!
I bought houses as a child?
What, you didn’t use your 1994 influencer money to buy houses?
Pffft, I used money from delivering the morning papers to buy my first house. When I was 11, ELEVEN!!
However it was the delivering of milk that really helped me afford my first yacht! Every morning for months I got at 4am to deliver it. That was a hard 3 and a half months I can tell you!You guys should just pull yourselves up by the avocados, and stop eating so many bootstraps!!
You didn’t know to sell one of your beanie babies to pay for a house? That’s like wu tangs #1 rule: diversify. Going all in on beanie babies is all fun and games until your divorce has you fighting over the most precious things in your life.
Don’t forget - you were also BORN into a once in a generation economic crisis: The savings and loan crisis of the 1980s and 1990s was the failure of approximately a third of the savings and loan associations in the United States between 1986 and 1995. These thrifts were banks that historically specialized in fixed-rate mortgage lending.
I understand now.
How can a partially muscled skeleton scream
He partially has lungs and a vocal chord ?
Though it reminds me of a conversation you can over hear in one of the Divine Divinity
Baldurs Gategames between two skeletons, who talk themselves into how they shouldn’t function, and then promptly fall to the floor in a pile.Edit: corrected the game
That was Divine Divinity. Larian Yes, not Baldur’s Gate.
Oh, shoot, you’re absolutely right!
Like this
AAAAAAHHHHHH!!! I’M A BONEY BOI WITH SOME BUT NOT ALL OF MY MUSCLES!!!
If you’ve done 6 impossible things this morning, why not round it off with a partially skeletal scream?
You start noticing this pattern after some decades.
Always accompanied by “we need to temporarily tighten the belt now to keep our properity for the following generations”.
The period before is sold as a great economic time, despite that they called it a crisis back then and also ‘needed’ austerity measures to get back to the prosperity of the previous period.
The western standard of living has been destroyed bit by bit since the post WW2 period with this tactic, not for the multinationals, banks, stock folks OC, that’s where the stolen money goes to.
The ones in power telling us in their paid press how great ‘the econonomy’ is doing bcs stock line go up and BS GDP up.
In reality that means more billions in the pockets of a few oligarchs while income equality is growing.“we need to temporarily tighten the belt now to keep our properity for the following generations”.
But followed by “you guys need to be expending” and also “we are going to fund a lot more things with public money”
Fuck Keynes.
We should be spending public money though. The public debt has literally never been an actual issue for the US.
I don’t think boomers are very good at running things.
They grew up in a for the most part prosperous time, middle class had 2 cars in the driveway, jobs were easier to obtain, it’s no wonder alot of them think the way they do.
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I just disagree that they had it so good.
Modern technology like cell phones, computers, medicines and treatments have upended how things work. Imagine how hard it would be to go to a college or university and not have access to google or reddit. Or how hard it would be to have to type up multiple copies of everything instead of just sending an email with multiple recipients.
MMR vaccines starting with measles in 63, mumps in 67 and rubella in 69, Polio in 55-61ish, Haemophilus influenzae type b '85. Anyone who is a boomer lived in a period where these things were still a problem in day to day lives.
Their car crashes resulted in fatalities. Ours are generally minor injuries in comparison. The way cars are designed have changed.
They had one or two power outlets per room, if any at all. They didn’t have much insulation, let alone sound proofing.
They had to pay a commission to a travel agent to go on vacation, they couldn’t just look things up for themselves and had to rely on friends or the agent as to how it is.
If you wanted to look something up you had to go to a library.
Few actually owned multiple cars. Growing up in a middle class household in the 80s we had a single car and our family vacation was camping.
There was a constant threat of nuclear war.
Air travel for a long, long time was exclusively reserved for the wealthy and those in business.
Labor laws, as few as we have today, were even worse.
By the time computers came around they were too old to actually partake by and large. My boomer grandparents (because that’s the actual boomer age now in their 80s) are dying or are dead and they’ve never had a cell phone.
Easy to access jobs, homes, boats, cars with little to no education or financial acumen. Just that “walk in and hand them a resume” trope they love to perpetuate.
It’s never been that easy! It’s always been easy to find a job that pays for a room, but much more is a luxury for so many. There’s obviously exceptions but I see loads of people making >200k today without advanced degrees. Anybody who got into programming ~4+ years ago is living like a king today by comparison to most of the ‘middle class’ in the 50s, 60s, 70s or 80s.
Giant caveat that is only for white dudes.
Boomers grew up in a world with a 91% top-tier income tax rate that drove businesses to spend their excess income on products and services, which became their parents’ paychecks.
Exactly what my depression era grandma says of them.
All of them with only 1 parent working and the other managing the home
Take heart, in 10 years the worst of the boomers in power today will be dead. In 20 years there will be almost no boomers left. Hopefully there will be enough of a country left to fix once they’re all dead.
You’re forgetting that there are many brainwashed younger people who totally bought the bullshit. It won’t be easy.
Not so much forgetting as ignoring and downplaying for my own mental health.
I’m in the prime time of of my life, waiting 10-20yrs just sounds very depressing
In about 25 years most countries will be warzones and anyone that cant afford whatever the elite are charging for the few freshwater sources left on the planet will be dead or enslaved. anyone within twenty degrees of the equator will have fled or be dead, and anyone living above ground anywhere else will live in nonpermanent shelters due to the yearly storms that destroy standing structure.
boomers will be taking the worlds habitable range with them, and leaving us with a nightmare.
That’s an excellent reason to try and live in the moment and enjoy what you have while you have it.
in 10 years the worst of the boomers in power today will be dead.
I remember thinking this about the WW2 generation back in the 90s. The result:
and every time the rich get richer, funny that.
2002: We lost the house 2008: got evicted from apartment 2020: dad died from covid 2025: let’s see how it goes this time
That’s fucking rough dude, I hope the world throws you a bone this time and just leaves you alone for once.
I don’t mean to be that guy, but look which US political party was in charge for each of those dates…
2002 - Bush II, Republican
2008 - Bush II, Republican
2020 - Trump, Republican
2025 - Trump, Republican
Cheat sheet.
Trump approves, “The economy does better under Democrats than the Republicans”
Donald Trump, 2004, on the CNN Show ‘The Apprentice’
This hits too hard. I was born in 83, so even the ages line up.
82 here and obligatory fuck this timeline
82, born April 1st. Life has been a joke, that’s for sure.
Same year here… fuck us, amirite?
Crisis seems like the natural operating mode of c*pitalism
What happened in 2002? Was that from the war on terror?
End of the dot com bubble.
https://en.m.wikipedia.org/wiki/Stock_market_downturn_of_2002
But it happened mostly in 2000:
https://en.m.wikipedia.org/wiki/Dot-com_bubble
And coincidentally 9/11
The September 11 attacks also contributed heavily to the stock market downturn, as investors became unsure about the prospect of terrorism affecting the United States economy.
Was the 2002 a year of recession? Or is the stock market downturn considered a recession because rich people lost money?
Unlike wealth, losses usually trickle down. When companies go bankrupt their employees loose their jobs. Millionaires actually love recessions, Jack Welch said:
Never miss out on an opportunity like a good recession.
The 2002 recession was not as global and universal as later ones. The dot com bubble mostly affected tech companies, and the internet was not as common as nowadays. I asked my parents once how they felt that recession, when I first read about it later, I was in school in 2002. They said they didnt even know there was a recession that time, in eastern europe it wasnt noticably worse than the chaos of the 90s
There is a simpsons episode about the bubble, s13e18, aired in 2002:
9/11
That didn’t cause a significant economic downturn, though.
It absolutely did, at least for anything travel related.
War of terror.
Didn’t that pay off so well. How many American soldiers were killed, injured, or traumatized? How many innocent Afghani and Iraqi civilians were murdered? And for what? ISIS and the Taliban now have complete control over that entire region.
And to the people saying how much better Bush was than Trump as well as the dumb as fuck democrats embracing that fucking war criminal Cheney, I say you all need to get your god damned head examined. Trump’s election denialism was born out of the Brooks Bros riot in Florida during the 2000 election and Trump is absolutely hoping for some terrorists to kill Americans so he can declare martial law and suspend elections in order to remain president indefinitely. Bush and Cheney lead to this. This was every republican’s goal.
Worth remembering that Trump didn’t recreate the Republican Party, he just embraced the manipulative aspects of republicans and made that his entire thing. Would I rather have Bush or Trump? It’s honestly a tough one. I could see Trump killing our democracy. Maybe that’s worse than the Iraq and Afghanistan war war.
If it worked to funnel money to the wealthy the first time why not the second? Or third… and so on.
well new time iwth gen z, people dont want to work for the richest people for minium salary and opputinity, meanwhile boomer generation just work to work and earn some money, and get some children to fight for even more spare jobs… AI days coming sooner or later yep yep. still respect them for building our country. but honestly idk why your life should be the job your working on, when the job treats you like bad fish that when you do something to get any attention, your fired.
Pretty much, all that stocks getting sold must be bought by someone.
